In 2023, the import volume of Tyre Cord Fabric made from high tenacity viscose rayon yarn to the US was an estimated 1.412 million kilograms. The forecasted increase for 2024 is 3.3%, marking a slight upward trend. Subsequent years follow a similar growth trajectory, with an approximate year-on-year growth averaging around 3.2% through 2028. This consistent rise suggests a stable demand for these materials in the coming years. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be around 3.1%.
Future trends to watch for include:
- Technological advancements in tyre production that may influence material preferences.
- Shifts in automotive industry demands, particularly with increased focus on sustainability.
- Potential trade policy changes with key exporter nations.