Global Eco-Friendly Tire Cord Market 2024-2030

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    ECO-FRIENDLY TIRE CORD MARKET

     

    INTRODUCTION

     

    Eco-friendly tire cords are made from natural fibers such as cotton, hemp, and flax. These fibers are strong and durable, and they can be used to replace the steel cords that are typically used in tires. Eco-friendly tire cords have a number of advantages over traditional steel cords. They are lighter, which can improve fuel efficiency.

     

    They are also more biodegradable, which means they will not contribute to the problem of tire waste. Additionally, eco-friendly tire cords are made from renewable resources, which can help to reduce our reliance on non-renewable resources.

     

    They are made from sustainable materials that can be grown without the use of harmful chemicals.

    They require less energy to produce than traditional steel cords. They produce less pollution during production. They can be recycled and reused, which helps to reduce waste.

     

    Overall, eco-friendly tire cords are a more sustainable and environmentally friendly option than traditional steel cords.

     

    ECO-FRIENDLY TIRE CORD MARKET SIZE AND FORECAST

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    The Global Eco-Friendly Tire Cord Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    ECO-FRIENDLY TIRE CORD MARKET NEW PRODUCT LAUNCH

     

    Apollo Tires will use a brand-new sustainable material created by Century Enka for a number of its product lines across several market sectors. Century Enka has begun commercial production of NTCF (nylon tire cord fabric), which is created entirely from recycled nylon trash, in what it claims is a first.

     

    At the Century Enka Bharuch facility, NTCF was introduced when the first shipment of commercial supplies was sent to Apollo. On this project, the two businesses collaborated for more than a year.

    The largest caprolactam consumer in India is Century Enka, which also produces in-process waste while producing polyamide yarn. After thorough distillation, this waste is recycled back into caprolactam, which is then made acceptable for the creation of NTCF.

     

    The Teijin Group’s fibers and products converting company, Teijin Frontier, has created an environmentally friendly tire cord using an adhesive that doesn’t contain resorcinol formaldehyde (RF), which is bad for both humans and the environment, as well as chemically recycled polyester fiber with low environmental impact for rubber reinforcement.

     

    The business claims that this is the first tire cord to be commercialized in the world that combines a chemically regenerated polyester fiber with an RF-free glue.

    Teijin Frontier will now start to create applications for reinforcing fiber in various rubber goods, such as tire cords, belts, hoses, and other varied purposes. The business will begin testing its new tire cord with an eye towards yearly manufacturing.

     

    Teijin Frontier is working to enhance its environmental performance under the guidance of its THINK ECO project. The corporation is placing more and more of an emphasis on low-impact solutions, which led to the development of the new tire cord.

     

    The new tire cord lessens the environmental effect of adhesive manufacturing by using an adhesive polymer compound rather than RF. The adhesion performance of this adhesive is also comparable to that of traditional resorcinol-formaldehyde-latex (RFL) adhesives because of its great affinity for fibers and rubber.

     

    The polymers used to make its chemically recycled fibers, which are manufactured from those, retain their strength, fatigue resistance, dimensional stability, and heat resistance. The new tire cord achieves the same levels of quality and performance as traditional tire cords manufactured from polyester fiber generated from petroleum while also lowering CO2 emissions during production. More environmentally friendly tires are in demand.

     

    THIS ECO-FRIENDLY TIRE CORD MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

     

    1. How many Eco-Friendly Tire Cord are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Eco-Friendly Tire Cord and key vendor selection criteria
    3. Where are the Eco-Friendly Tire Cord manufactured? What is the average margin per unit?
    4. Market share of Global Eco-Friendly Tire Cord market  manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global Eco-Friendly Tire Cord in-house
    6. 5 key predictions for next 5 years in Global Eco-Friendly Tire Cord market
    7. Average B-2-B  Eco-Friendly Tire Cord market price in all segments
    8. Latest trends in  Eco-Friendly Tire Cord market, by every market segment
    9. The market size (both volume and value) of the  Eco-Friendly Tire Cord market in 2024-2030 and every year in between?
    10. Production breakup of  Eco-Friendly Tire Cord market, by suppliers and their OEM relationship
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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