DUBLIN--(BUSINESS WIRE)--The "TCF Market in Air Springs: Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026" report has been added to ResearchAndMarkets.com's offering.

An air spring, the most important part of an air suspension system; consists of three major parts: air bellow, bead plate, and piston. The evolution of air springs began during the period of early 1900 when General Motors had built air suspension systems for trucks and airplanes. Since then, the market for air springs has witnessed an excellent journey in the wake of rapid changes in the industry and the growing adoption of air suspension systems in several vehicle types across regions. Now, many nations (both developed and developing ones) have mandated the use of air springs in commercial vehicles. After comprehending the benefits of air springs, the penetration of air suspension systems in the advanced economies has grown up tremendously with the developing nations following the suit.

TCF (Tire Cord Fabric) is a reinforcement fabric used in the bellows of an air spring to provide strength and stability to the rubber compound. It is majorly used as an inner and outer reinforcement layer of the bellow rubber to provide mechanical strength and help rubber to regain its actual shape after contraction or expansion. Polymeric textile fabrics, such as Nylon/Polyamide 66, Polyethylene Terephthalate (PET), and Nylon/Polyamide 6; are used for the reinforcement of the rubber compound to make air bellows.

The incessant growth in the demand for TCFs in air springs was halted by the falling production of automobiles in 2019. In 2020; the market stakeholders were expecting to regain its growth trajectory; however, the pandemic hit the industry hard, causing unimaginable disruption across the supply chain. As a result of that, the TCF market in air springs logged a massive decline of -11.5% in 2020, creating a lag of 4 years in the market.

The long-term outlook of the TCF market in air springs still looks favorable with an expected bounce back in the market from 2021 onwards. The strong market fundamentals like recovery in automotive production and the rolling stock market, increasing penetration of air springs in the emerging economies, and excellent properties of TCF are likely to drive the market to recover at a promising rate of 6.5% to reach US$ 133 million in 2026.

Companies Mentioned

  • Grodno Azot OAO
  • Hyosung Advanced Materials
  • Indorama Corporation
  • Kordsa Technical Textile Co. Inc.
  • Shenma Industry Co. Ltd.
  • Wuxi Taiji Industry Co.
  • Zhejiang Hailide New Material Co., Ltd.

Key Topics Covered:

1. Executive Summary

2. Market Environment Analysis

2.1. Contribution of TCF in Air Bellows and Air Springs Market

2.2. Supply-Chain Analysis

2.3. Industry Life Cycle

2.4. Market Drivers

2.5. Market Challenges

3. The COVID-19 Impact Assessment

3.1. Pre-COVID vs Post-COVID TCF Market Assessment in Air Springs

3.2. Key Impacts of the COVID-19 Pandemic on the Entire Ecosystem

3.3. GDP Loss vs Market Loss

3.4. Market Scenario Analysis (Worst-Case, Normal-Case, and Best-Case Scenarios)

4. Market Assessment

4.1. Market Assessment (2015-2026) (US$ Million and Kilotons)

4.1.1. Platform Type Assessment (Light Vehicles, MHCV, Trains, and Others)

4.1.2. Material Type Assessment (Nylon 66, PET, and Nylon 6)

4.1.3. Air Spring Type Assessment (Rolling Lobe, Convoluted, and Others)

4.1.4. Fabric Type Assessment (Tire Cord Fabric and Single-End Fabric)

4.1.5. Regional Assessment (North America, Europe, Asia-Pacific, and Rest of the World)

4.1.6. Country-Wise Assessment (10+ Top Major Countries)

4.2. The dominance of Different Air Spring Type in Different Vehicles/Applications.

4.3. The dominance of Different Materials in Different Vehicles/Applications

5. Competitive Analysis

5.1. Market Consolidation Level

5.2. Regional Competitive Landscape

5.3. Market Share Analysis

5.4. Major Players, their Product Portfolio, and Competitive Advantages

5.5. Mapping of Major Players by Material Type and Vehicle Type

5.6. Geographical Presence

5.7. New Product Launches

5.8. Strategic Alliances: Mergers & Acquisitions, Joint Ventures, Collaborations, etc.

5.9. Porter's Five Forces Analysis

6. Strategic Growth Opportunities

7. Company Profile of Key Players (Alphabetically Arranged)

8. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/jwb7vk

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