Tire Cord Fabrics Market Size, Revenue Growth Trends, Company Strategy Analysis, 2028
Increasing demand for eco-friendly tire cord fabrics, the rising buying capacity and use of passenger vehicles across the globe, and the rise in sales of mining and construction equipment have resulted in boosting tire cord fabrics market. Market Size – USD 5,529.8 Million in 2020, Market Growth - CAGR of 5.20%, Market Trends –Increasing demand for eco-friendly tire cord fabrics The Global Tire Cord Fabrics Market is forecast to reach USD 8,351.4 Million by 2028, according to a new report by Reports and Data. The primary factor contributing to the expansion of the market is the continuously expanding automobile industry. Apart from that, various other market factors are supporting the growth of the market. One of the mentionable factors in this regards being, changing preference among end-users, which are opening new avenues for functioning of the market. In recent years, a rise in awareness about eco-friendly products among consumers is observable. Such a changing market trend