As we enter 2024, the tyre cord fabric market in France for high tenacity yarn, comprising nylon, polyesters, or viscose rayon, is projected to decrease from an estimated 43.685 million euros in 2024 to 38.621 million euros by 2028. This represents a compound annual growth rate (CAGR) of -3% over the forecast period. In 2023, the market stood at approximately 44.971 million euros. The year-on-year decline is consistent, averaging around 3% annually over the next five years.
Future trends to watch include advancements in sustainable materials, increased focus on eco-friendly production methods, and innovations in tyre technology impacting demand for high tenacity yarns. Additionally, economic factors and automotive market dynamics will significantly influence market trajectory.
