Industrial textiles may be as old as traditional textiles, dating back thousands of years, but it was only after the invention of chemical fibres in the first half of the 20th century that their function was radically changed. Chemical fiber, as a kind of material has many other incomparable function, its high strength, good elasticity, homogeneous, chemical resistance, wear resistance, corrosion resistance, flame retardant, they may be in the same products has a variety of excellent performance, soft, elastic and can have high strength, and textile technology is very mature technology, it includes many variables, such as: Aggregate type, fiber types and structure, the yarn variety and structure, fabric processing method and a variety of manufacturing parameters, the combination of these variables can constitute a variety of forms and performance, and can adopt different after such as coating, laminated and complex processing method, can make the products suitable for a variety of purposes, which makes industrial textiles field greatly expanded.
The global tire cord fabrics market size was valued at USD 5.5 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 3.4% from 2020 to 2027. Growing demand for passenger cars in the developing economies coupled with rising demand for durable fuel-efficient tires is expected to drive the product demand over the forecast period. The growing penetration of electric vehicles is expected to have a positive impact on demand. Traditional tires wear about 30% faster on electric vehicles (EV) than on conventional vehicles. Thus, manufacturers are using aramid fibers to produce extremely lightweight and wear-resistant tires specific for the electric vehicles industry. The nylon tire cord fabric is dominating the U.S. market. Wide-ranging product utilization in the manufacturing of lightweight, wear-resistant tires for passenger cars, Sports Utility Vehicles (SUV), trucks, and aircraft are expected to be the primary factor driving the growth in the forthcoming years.
Tire cord fabrics are primarily used are as a reinforcing material in the tire manufacturing process to provide controlled deformation, high strength, abrasion resistance properties to the end product. Additionally, these fabrics are employed in the production of rubber hose, air springs, expansion joints, and conveyor belts, among others.
In 2012, the European Union began the implementation of the EU Tire Label system. This graphical labeling system provides performance ratings for tires based on three main criteria, namely fuel efficiency, wet braking, and noise levels. Implementation of similar consumer awareness initiatives is expected to propel the demand for fuel-efficient tires and thereby the cord fabrics.
Growing focus on reducing the greenhouse gas emission coupled with the rising demand for the economic fuel-efficient cars are some of the factors that are anticipated to drive the market growth over the forecast period. However, the preference for retreading in the commercial vehicles segment is projected to have a negative impact on market growth over the forecast period.
Post time: Mar-08-2021