1 Global Single End Cord Market Insight Analysis
The global Single End Cord market is valued at USD 222.76 million in 2024, with a CAGR of 3.34% from 2024 to 2033.
Single End Cord is made from synthetic yarns such as nylon, polyester, aramid, and rayon. These yarns are twisted into single or multi-ply cords, then cured to physical properties according to customer requirements, and packaged on spools as single ends, rather than rolled into a roll-like fabric. Single End Cord with high fracture toughness and low creep for excellent stability. Single End Cord is commonly used in tires, belts, hoses, cables, and ropes.
Figure Global Single End Cord Market Size (M USD) and CAGR (2024-2033)
2 Single End Cord Market Growth Drivers and Restraints
Demand growth in the conveyor belt industry: conveyor belts are widely used in all aspects of processing and manufacturing. As the demand for consumer goods rises, various industries are building automated assembly lines, and the demand for advanced conveyor belts is increasing. The development of the e-commerce industry has promoted the expansion of warehousing and logistics facilities. The growth of supermarkets and retail chains has also driven the application of conveyor belts in warehouses, prompting the upgrade of the conveyor belt market, which in turn has driven the growth of demand for single-end cords.
Rapid development of the automobile industry: The automobile industry is a pillar industry of the national economy. Automobile single-end cords are used to manufacture automobile rubber hoses, tires, belts and other components. Among them, tire cords have a significant impact on vehicle performance and fuel consumption. In recent years, the increase in the production of passenger cars and commercial vehicles, the development of road construction and infrastructure, and the popularization of electric vehicles have all driven the growth of the automobile market, indirectly driving the increase in demand for single-end cords.
Intensified market competition: The global economy is in a downturn, trade disputes are increasing, economic growth is slowing, and the single-end cord industry has low concentration and fierce competition. Although international leading companies have technological advantages, their product costs are high and they face pressure in market competition. At the same time, the low-end product industry has a low threshold, there are many small and medium-sized enterprises, new products are constantly launched, and competition is becoming more and more fierce. In addition, raw material price fluctuations and commercial vehicle retread tire preferences also affect market growth.
Installation and maintenance difficulties and substitute threat: Single-end cord materials are difficult to install, require professional team planning and execution, and have high maintenance costs. Moreover, there are patented alternative materials in the field of rubber products, especially tires, such as DuPont’s Hyten® and Yokohama’s zero-twist multifilament, as well as sustainable alternatives such as bio-based polyamide polymers developed by PHP Fibers, which pose a threat to the market share of single-end cords.
Funding, technology and talent barriers: The single-end cord industry has a large investment scale, raw material prices fluctuate greatly and need to be paid in cash, and production and testing equipment are expensive. New entrants need to have a certain economic scale to compete. At the same time, the industry has high requirements for production technology, process control and supporting additive development, and a short product differentiation development cycle. However, developing countries have lagging equipment and technology and lack of professional talents, which restrict the development of the industry.
3 Technological Innovations in the Single End Cord Market
Product application innovation: With the increasing attention paid by the society to energy conservation and emission reduction, the electric vehicle market has developed rapidly. As traditional electric vehicle tires wear quickly, manufacturers have begun to use aramid fibers to manufacture lightweight and wear-resistant tires. This application innovation is expected to become an important driving force for the growth of the single-end cord market. In addition, the wide application of single-end cords in the production of lightweight and wear-resistant tires such as passenger cars, SUVs, trucks and aircraft also reflects the expansion and innovation of product application areas.
Production technology upgrade: Single-end cord production technology is developing in the direction of continuous, automated, large-scale and high-speed. Manufacturers actively develop advanced equipment to improve product quality and added value and enhance the level of clean production in the production process. For example, through intelligent control technology, precise control of the production process can be achieved to improve production efficiency and product stability; new materials and processes can be developed to enhance product performance and meet the growing demand of downstream industries for single-end cord performance.
Mergers and acquisitions: There are mergers and acquisitions in the industry, such as Indorama’s acquisition of Glanzstoff Group in 2017. This acquisition strengthens Indorama Ventures’ position in the single-end cord market. By integrating Glanzstoff’s technology, production and marketing resources, Indorama can further expand its market share and enhance product competitiveness.
Acquisitions also help companies achieve economies of scale, reduce production costs and improve production efficiency. By integrating R&D resources, companies can increase investment in technological innovation, promote product upgrades and technological progress, and better cope with market competition. Corporate mergers and acquisitions may also lead to changes in the industry landscape, promote the optimal allocation of resources, and promote the improvement of industry concentration.
4 Global Single End Cord Market Size by Type
Polyester Cord maintained a significant position in the market. Its revenue reached 78.75 million US dollars. Polyester cords are widely used in various industries due to their excellent properties such as good strength, resistance to stretching, and relatively low cost. In the automotive industry, for example, they are utilized in components like tires and hoses, where their durability and cost – effectiveness make them a preferred choice. In the conveyor belt industry, polyester cords contribute to the structural integrity of the belts, enabling them to withstand heavy loads and continuous operation.
Nylon Cord also had a substantial share of the market, generating a revenue of 81.11 million US dollars. Nylon cords are known for their high tensile strength, abrasion resistance, and flexibility. These characteristics make them suitable for applications that demand high performance, such as in high – end automotive tires and industrial belts. In the textile industry, nylon cords can be used in the production of high – quality fabrics that require strength and elasticity.
Aramid Cord, although not as dominant in terms of revenue share compared to polyester and nylon cords, still played an important role. In 2024, it brought in a revenue of 55.98 million US dollars. Aramid cords are highly regarded for their exceptional strength – to – weight ratio, heat resistance, and chemical stability. They are commonly used in applications where safety and high – performance are crucial, such as in aerospace components, military equipment, and high – speed tire manufacturing.
Table Global Single End Cord Market Size by Type in 2024
|
Type |
Market Size (M USD) 2024 |
|---|---|
|
Polyester Cord |
78.75 |
|
Nylon Cord |
81.11 |
|
Aramid Cord |
55.98 |
|
Others |
6.93 |
5 Global Single End Cord Market Size by Application
Conveyor belts remained the most prominent application segment, generating a revenue of 106.31 million US dollars. Conveyor belts are crucial in numerous industries such as manufacturing, mining, and logistics. In manufacturing plants, they are used to transport raw materials and finished products efficiently along the production line. In the mining industry, conveyor belts are employed to move heavy loads of ores and minerals from extraction sites to processing facilities. Their widespread use stems from the need for reliable and continuous material handling systems, which single – end cords help to reinforce and strengthen, ensuring the belts can withstand heavy loads and extended use.
The tire application segment also held a significant share, with a revenue of 80.27 million US dollars. Single – end cords in tires play a vital role in maintaining the structural integrity and performance of the tires. They contribute to aspects such as load – bearing capacity, handling, and durability. As the automotive industry continues to grow, with the increasing production of passenger cars, commercial vehicles, and even the burgeoning electric vehicle market, the demand for high – quality tires remains robust. Single – end cords are essential components in meeting the stringent requirements of modern tires for safety, fuel efficiency, and longevity.
Hose applications accounted for a revenue of 24.14 million US dollars in 2024. Hoses are used in a variety of settings, including automotive engines for coolant and fuel transfer, and in industrial processes for fluid and gas transportation. Single – end cords provide the necessary strength and flexibility to hoses, enabling them to withstand high pressures, resist abrasion, and maintain their shape under different operating conditions. This is crucial for ensuring the safe and efficient operation of systems that rely on hoses for the transfer of critical substances.
Table Global Single End Cord Market Size by Application in 2024
|
Application |
Market Size (M USD) 2024 |
|---|---|
|
Conveyor Belts |
106.31 |
|
Hose |
24.14 |
|
Tire |
80.27 |
|
Others |
12.04 |
6 Global Single End Cord Market Size by Region
North America accounted for a revenue of 50.45 million US dollars. The region has a well – established industrial base, with significant demand for single – end cords in sectors such as automotive and manufacturing. The automotive industry in North America, especially in the United States and Canada, continues to be a major consumer.
The production of vehicles, including cars, trucks, and SUVs, requires single – end cords for tire manufacturing, ensuring the tires’ strength and durability. Additionally, the manufacturing sector uses single – end cords in conveyor belts for efficient material handling in factories. However, the region also faces challenges such as intense competition from global suppliers and the need to keep up with emerging technologies to maintain its market position.
Europe had a revenue of 58.91 million US dollars. The European market benefits from its advanced manufacturing and automotive industries. European countries are known for their high – quality automotive production, where single – end cords are crucial for high – performance tires. Moreover, in the industrial sector, conveyor belts with single – end cords are widely used in logistics, food processing, and other industries.
Europe also places a strong emphasis on sustainability and innovation. This drives the development of new applications for single – end cords that meet environmental standards and offer improved performance. However, regulatory changes and economic uncertainties across the region can impact the growth rate of the single – end cord market.
The Asia Pacific region was the largest revenue generator, with 87.15 million US dollars. This can be attributed to the rapid industrialization and economic growth in countries like China, India, and Japan. In China, the booming manufacturing and automotive industries have a huge demand for single – end cords. The country’s position as the world’s largest automotive producer means a continuous need for single – end cords in tire manufacturing.
India, with its growing industrial base, also contributes significantly, especially in sectors such as mining and logistics where conveyor belts are essential. Japan, known for its high – tech manufacturing, uses single – end cords in advanced applications. The region’s large population and expanding middle – class also fuel consumer – driven industries that rely on single – end cords.
Latin America had a revenue of 17.30 million US dollars. The region has potential for growth, especially in sectors like mining and agriculture. In mining, single – end cords are used in conveyor belts for transporting minerals. The agricultural sector also requires conveyor belts for handling crops. However, economic instability, limited infrastructure development in some areas, and challenges in accessing advanced technologies can hamper the growth of the single – end cord market in Latin America.
This region had a revenue of 8.95 million US dollars. In the Middle East, the oil and gas industry is a significant consumer of single – end cords, mainly in hoses and conveyor belts for on – site operations. In Africa, as countries invest in infrastructure development, there is a growing demand for single – end cords in construction – related industries such as manufacturing building materials and operating construction machinery. But the region still faces issues like lack of consistent investment in industrial development and difficulties in establishing a stable supply chain.
Figure Global Single End Cord Market Size (M USD) by Region in 2024
7 Global Single End Cord Market Analysis by Major Players
Indorama Ventures (Glanzstoff)
Company Profile: Indorama Ventures is a world-class sustainable chemistry company with a global leadership position in PET and fibers. The company’s Glanzstoff division is a major manufacturer of technical yarns, cords, and fabrics for the rubber and composite industries. Established in 1994, Indorama Ventures has production sites in the Czech Republic, Italy, Luxembourg, and China, and serves customers worldwide.
Business Overview: Indorama Ventures (Glanzstoff) specializes in the production and processing of high-tenacity viscose filament yarns for technical applications. The company also converts synthetic fibers like polyester, nylon, and aramid using the latest technology. Its global footprint and distribution network make it a dependable partner for customers across diverse end-use markets.
Product Offered: Indorama Ventures offers a wide range of Single End Cord products, including tire cords, conveyor belt reinforcements, and industrial hoses. These products are designed to provide high strength, durability, and resistance to various environmental conditions.
2023 Financial Summary: In 2023, Indorama Ventures (Glanzstoff) achieved a revenue of 55.11 million U.S. dollars from Single End Cord sales, with a gross margin of 30.81%. The company’s robust manufacturing capabilities and global market presence contributed to its strong financial performance.
SKS Textiles
Company Profile: SKS Textiles, founded in 1918, is an internationally operating company that supplies high-performance yarns and cords for various applications, including automotive, industrial, and paper felt industries. The company has production plants in Sweden, Estonia, China, and Mexico, enabling it to serve customers globally.
Business Overview: SKS Textiles specializes in converting high-performance yarns into cords for use in rubber and composite applications. The company’s focus on innovation and quality has positioned it as a key supplier in the Single End Cord market. Its global sales and marketing approach ensures that customers receive high-quality products with consistent performance.
Product Offered: SKS Textiles offers a variety of Single End Cord products, including cords for automotive belts, industrial hoses, and tires. These products are designed to meet the stringent requirements of modern automotive and industrial applications, providing high strength and durability.
2023 Financial Summary: In 2023, SKS Textiles generated a revenue of 27.20 million U.S. dollars from Single End Cord sales, with a gross margin of 29.48%. The company’s strong market position and continuous innovation efforts contributed to its solid financial performance.
Kordsa
Company Profile: Kordsa is a global player in the tire and construction reinforcements and composite technology markets. Established in 1981, the company operates in five regions, including Turkey, Brazil, Indonesia, Thailand, and the United States, with 11 production facilities and over 4,500 employees.
Business Overview: Kordsa focuses on providing innovative and high-value solutions for tire and construction reinforcements. The company’s expertise in composite technology enables it to develop advanced materials that enhance the performance and durability of rubber products. Kordsa’s commitment to sustainability and innovation has solidified its position as a leading supplier in the Single End Cord market.
Product Offered: Kordsa offers a range of Single End Cord products, including tire cords, conveyor belt reinforcements, and industrial hoses. These products are designed to meet the specific needs of automotive and industrial applications, providing superior strength and performance.
2023 Financial Summary: In 2023, Kordsa achieved a revenue of 20.07 million U.S. dollars from Single End Cord sales, with a gross margin of 30.85%. The company’s strong manufacturing capabilities and focus on innovation contributed to its strong financial performance.