The global Nylon Tire Yarn (NTY) market is expected to grow at a steady CAGR of 4.14% during the forecast period until 2030.
Nylon tire yarn is a synthetic yarn that is lightweight, soft and has properties like high tensile strength and durability. In the process of production of nylon tire yarn, dried chips are fed into the melt spinning machines. The molten polymer is filtered before entering the spinneret (a wheel or plate with many tiny holes) to produce yarn of different linear densities as per desired specifications. Fibers of different lengths and thicknesses are drawn at different speeds and are made by using holes of different diameters. The filaments are coated with water & oil to ensure dimensional stability, then they are air quenched and solidified, offering outstanding tensile strength and low shrinkage under heated conditions, as well as high elasticity. Based on type, Nylon Tire Yarn (NTY) market is segmented into Dried Filament Yarn, Greige Fabric Yarn, and Dipped Fabric Yarn. Among these, Dried Filament Yarn is the leading segment.
Nylon tire yarn is utilized to make cord fabrics that are embedded in a layer of rubber all-round the tire. NTY has remarkable properties like strong wear resistance, excellent impact resistance, high toughness, and strong rubber adhesive properties, NTY is used in various industries. Owing to its high strength, nylon tire yarn finds application in different types of automotives including personal, commercial, and heavy-duty automotive. Growing demand for automotives globally coupled with the increasing per capita income in emerging economies is expected to drive the demand for nylon tire yarn during the forecast period.
Regionally, Asia Pacific is dominating the Nylon Tire Yarn market because of the growing demand for high-performance tire fabrics and automotive. With growing industrialization and increased manufacturing of automotives, a surge in the demand for NTY in the forecasted period is anticipated. Increasing population and per capita income in emerging economies is another factor propelling demand growth for nylon tire yarn in the Asia Pacific. Moreover, Asia Pacific also leads in terms of producing Nylon Tire Yarn (NTY). China is the biggest hub for automobile manufacturing and hence leading consumer of tires.
Based on the end-user industry, the global Nylon Tire Yarn (NTY) market is segmented into Personal, Light Commercial, and Heavy Duty Automotive. Among these, the Personal sector is leading the market with a market share of approximately 62% in 2022.
Major players in the global Nylon Tire Yarn (NTY) market are BASF SE, Centuryenka, SRF, Starpolyrubber, Kolon Industries, Toray, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2030
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
• To assess the demand-supply scenario of Nylon Tire Yarn (NTY) which covers production, demand and supply of Nylon Tire Yarn (NTY) market in the globe.
• To analyse and forecast the market size of Nylon Tire Yarn (NTY)
• To classify and forecast Global Nylon Tire Yarn (NTY) market based on end-use and regional distribution.
To extract data for Global Nylon Tire Yarn (NTY) market, primary research surveys were conducted with Nylon Tire Yarn (NTY) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Nylon Tire Yarn (NTY) market over the coming years.
ChemAnalyst calculated Nylon Tire Yarn (NTY) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the supply and demand of Nylon Tire Yarn (NTY) across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Nylon Tire Yarn (NTY) manufacturers and other stakeholders
• Organizations, forums and alliances related to Nylon Tire Yarn (NTY) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Nylon Tire Yarn (NTY) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Nylon Tire Yarn (NTY) s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
|
Details
|
Growth Rate
|
CAGR of 4.14% from 2023 to 2030
|
Base year for estimation
|
2023
|
Historic Data
|
2015 – 2022
|
Forecast period
|
2024 – 2030
|
Quantitative units
|
Demand in thousand tonnes and CAGR from 2023 to 2030
|
Report coverage
|
Industry Market Size, Demand by Type, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap
|
Segments covered
|
By Type: Dried Filament Yarn, Greige Fabric Yarn, and Dipped Fabric Yarn
By End-Use: (Personal, Light Commercial, and Heavy Duty Automotive)
By Sales Channel: (Direct Sale and Indirect Sale)
|
Regional scope
|
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
|
Pricing and purchase options
|
|
Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com