Tire Chord and Tire Fabrics Market
The high installation and maintenance costs of the manufacturing facility are expected to limit market growth. Furthermore, growing environmental concern as raw materials used in tyre cord manufacturing pose potential environmental threats is impeding market growth.
The fluctuating price of crude oil, from which tyre cord raw materials are derived, is expected to stymie Tire Chord and Tire Fabrics market growth. Because of the political situation, the price of crude oil is extremely volatile.
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