Tire cord and fabrics market to top $6 billion

摘要

The tire cord and fabrics market is forecast to reach $6.4 billion by 2024, according to a research report by Global Market Insights. Robust growth in the automotive industry is the major factor for the global tire cord and fabrics market size. U.S., India, Japan, China and South Korea are the prominent countries for the automotive sector and account for more than 50% of the global commercial and personal vehicle production in 2015. Growing middle class populations along with rising consumer per capita disposable income in China and India will complement the automotive business growth by 2024.