Tire Cord Tire Fabrics Market Set for Rapid Growth and Trend, by 2023

1. Tire Cord and Tire Fabrics Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2023 ©2019 Transparency Market Research, All Rights Reserved

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3. Transparency Market Research observes that the vendor landscape for Africa lead acid battery is foreseen to be moderately competitive and is expected to be led by a handful of market players.  • Exide Technologies, DIXON Batteries, First National Battery Ltd., EnerSys, and Johnson Controls Inc. are some of the noted market players that are dominating Africa lead acid battery market. • Expansion of usage of lead acid battery to brand new application areas with promise of high growth and introduction of better, effective batteries at reasonable prices could be the key to success in the Africa lead acid battery market. Tire Cord and Tire Fabrics Market : Overview View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

4. Low Cost Price to Generate Market Demand • There has been an improvement in the African economy; as such, the purchasing power of people has been enhanced. • In addition to that, automobile segment has witnessed massive growth in the recent times as well. The demand for passenger vehicles has increased substantially and it is set to rise further in the years to come. • There has been an increase in the production of vehicles following rising demand for automobiles. • As such, manufacturing of lead acid battery has increased thereby stimulating growth of Africa lead acid batter market. • The usage of lead acid batteries in airplanes, buses, cars, trains, and trucks is supporting its growth in Africa. 

5. Demand for Better Efficiency Driving Steel Tire Cord Segment By product, the steel segment emerged dominant in the market. As per TMR, the segment held over 58% of the overall tire cord and tire fabrics market in 2014. The steel segment is expected to maintain its dominance in the market through the forecast period. Besides this, the usage of polyester tire cord and tire fabrics is also expected to rise in tire manufacturing. During the forecast period, the demand for nylon tire cords is also expected to increase. ©2019 Transparency Market Research, All Rights Reserved

6. Some of the most prominent companies operating in Market Kordarna Plus A.S. Hyosung Corporation Cordenka GmbH & Co. KG, SRF Ltd., Kolon Industries Kordsa Global Tokusen USA. ©2019 Transparency Market Research, All Rights Reserved

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