Tire Cord and Tire Fabrics Market Size
The Tire Cord and Tire Fabrics Market was valued at USD 5,640 million in 2024 and is expected to reach USD 5,769.72 million in 2025, further expanding to USD 6,920.93 million by 2033, reflecting a 2.3% compound annual growth rate (CAGR) from 2025 to 2033.
The U.S. Tire Cord and Tire Fabrics Market is driven by increasing vehicle production and rising demand for durable, high-performance tires. With over 60% adoption of radial tires, the market sees steady growth in synthetic fabric usage.
The tire cord and tire fabrics market is experiencing significant growth due to the rising demand for high-performance and durable tires. These materials provide reinforcement, strength, and stability, ensuring improved safety and longevity in both bias and radial tires. The automotive sector remains the primary driver, with over 75% of global demand attributed to vehicle production and replacement needs. Additionally, the increasing adoption of fuel-efficient tires is propelling market expansion. Asia-Pacific dominates the market, contributing more than 50% of the global share, driven by China and India’s robust automotive industry.
Tire Cord and Tire Fabrics Market Trends
The tire cord and tire fabrics industry is evolving with technological advancements and sustainability initiatives. The shift toward radial tires, which offer better fuel efficiency and enhanced durability, has led to a 30% increase in the demand for polyester tire cord fabrics. Meanwhile, the bias tire segment, although declining, still holds a 25% share, primarily in off-road and heavy-duty vehicle applications.
Sustainability is a key trend, with eco-friendly tire reinforcement materials growing by 35%, as manufacturers explore recycled polyester and bio-based alternatives. Additionally, the rise of electric vehicles (EVs) has spurred innovation, with EV-compatible tire cords increasing by 40% in recent years due to their need for low rolling resistance and high durability.
Geographically, Asia-Pacific leads with a 55% market share, fueled by expanding automotive production. Europe and North America collectively account for 35%, driven by premium tire adoption and stringent environmental regulations. The Middle East and Africa are witnessing a 20% rise in demand, particularly in the commercial vehicle segment.
Tire Cord and Tire Fabrics Market Dynamics
The tire cord and tire fabrics market is influenced by various economic, technological, and regulatory factors. The demand for high-performance tires is increasing, driven by rising vehicle production and advancements in tire technology. The shift from bias to radial tires has reshaped market dynamics, with radial tire adoption surpassing 70% globally. Additionally, stringent fuel efficiency and emission regulations are promoting the use of lightweight, durable reinforcement materials. However, raw material price volatility and supply chain disruptions pose challenges to industry growth.
DRIVER
"Increasing Demand for High-Performance and Fuel-Efficient Tires"
The shift toward fuel-efficient and high-performance tires is a key driver in the tire cord and tire fabrics market. The demand for radial tires has surged by 35% in the past five years, particularly in commercial and passenger vehicles. Nylon tire cords account for over 45% of the market, owing to their superior strength and heat resistance. Additionally, the rising adoption of electric vehicles (EVs) has led to a 40% increase in the demand for polyester tire cords, as they offer lower rolling resistance and higher durability.
RESTRAINT
"Fluctuating Raw Material Costs"
The tire cord and tire fabrics industry faces significant cost pressures due to fluctuations in raw material prices. Key materials such as nylon and polyester have witnessed price hikes of over 20% in recent years, affecting production costs. Additionally, supply chain disruptions and logistics constraints have led to a 15% increase in overall manufacturing expenses. This volatility impacts profit margins for tire manufacturers, making it difficult for smaller industry players to remain competitive.
OPPORTUNITY
"Growing Demand for Sustainable and Recycled Tire Cord Materials"
With an increasing focus on sustainability, the demand for eco-friendly tire reinforcement materials has risen by 35% over the past decade. Leading manufacturers are investing in recycled polyester tire cords, which offer a 25% reduction in environmental impact compared to conventional materials. Additionally, the push for bio-based tire fabrics has gained momentum, with major players developing organic polymer-based tire cords to cater to green automotive initiatives.
CHALLENGE
"Technological Advancements and High Production Costs"
The development of next-generation tire reinforcement materials requires significant R&D investment, increasing overall production costs by 30% in recent years. Manufacturers face challenges in integrating advanced tire cord technologies while maintaining cost efficiency. Moreover, customization demands from premium vehicle manufacturers have added 20% to production complexity, requiring specialized manufacturing processes. The slow adoption of new materials in emerging economies also limits market expansion.
Segmentation Analysis
The tire cord and tire fabrics market is segmented based on type and application, allowing for a deeper understanding of industry trends and demand patterns. The type segmentation includes nylon tire cord and fabrics, polyester tire cord and fabrics, and other materials, while the application segmentation focuses on bias tires and radial tires (semi-steel). The increasing demand for high-performance tires, coupled with technological advancements in reinforcement materials, is reshaping market dynamics. Different tire cord materials offer varying durability, strength, and resistance to heat, making them suitable for distinct automotive applications.
By Type
- Nylon Tire Cord and Fabrics: Nylon tire cord and fabrics dominate the tire reinforcement industry, accounting for approximately 45% of the market share. Known for their high tensile strength, superior fatigue resistance, and heat tolerance, nylon-based tire cords are widely used in commercial and off-road vehicles. Over the past five years, demand for nylon tire cords has increased by 30%, driven by the growth in the heavy-duty and industrial vehicle sector. Additionally, nylon 6 and nylon 66 variants are witnessing increasing adoption due to their cost-effectiveness and enhanced load-bearing capacity.
- Polyester Tire Cord and Fabrics: Polyester tire cords hold a market share of 35%, primarily due to their lightweight properties and lower rolling resistance. The automotive industry’s shift toward fuel efficiency has led to a 40% increase in demand for polyester-based reinforcements over the last decade. The rising adoption of electric vehicles (EVs) has further boosted the need for polyester tire fabrics, as they improve ride comfort and reduce energy consumption. Additionally, manufacturers are focusing on developing recycled polyester tire cords, which reduce carbon emissions by 25% compared to conventional materials.
- Others (Aramid and Hybrid Tire Cord Materials): Other materials, including aramid fiber and hybrid tire cord fabrics, account for 20% of the market. Aramid tire cords are gaining traction due to their high thermal resistance and exceptional strength, making them ideal for performance and racing tires. Hybrid reinforcement materials, which combine nylon, polyester, and aramid, have seen a 25% increase in adoption due to their ability to enhance tire durability and longevity.
By Application
- Bias Tire: Bias tires hold a 35% share of the market, mainly used in heavy-duty vehicles, agricultural machinery, and construction equipment. These tires provide better sidewall puncture resistance and improved load-carrying capacity, making them ideal for off-road applications. Over the last five years, the demand for bias tires has decreased by 20%, as automotive manufacturers shift toward radial tires for enhanced fuel efficiency. However, in regions with rugged terrains and extreme conditions, bias tires remain the preferred choice.
- Radial Tire (Semi-Steel): Radial tires dominate the market, accounting for 65% of total tire production worldwide. The shift from bias to radial tires has increased by 30% over the past decade, with semi-steel radial tires witnessing strong adoption in passenger and commercial vehicles. Radial tires offer higher durability, fuel efficiency, and heat dissipation, making them the preferred choice for modern automobiles. Additionally, the increasing focus on sustainability has led to the development of eco-friendly radial tire reinforcements, reducing rolling resistance by 15% and improving overall vehicle efficiency.
Regional Outlook
The tire cord and tire fabrics market shows distinct growth patterns across regions, driven by automotive production, technological advancements, and regulatory standards. Asia-Pacific leads the global market with a share of over 50%, followed by Europe and North America with 23% and 18%, respectively. The Middle East & Africa holds a single-digit market share, but growth prospects remain strong due to increasing infrastructure projects and automotive expansion.
North America
North America holds 18% of the global market, with the United States accounting for 65% of the regional share. The demand for bio-based polyester and nylon tire cords has surged by 20%, reflecting the shift toward sustainable materials. Radial tires dominate, making up 85% of total sales. Tire imports from Asia-Pacific have increased by 12%, while domestic production of reinforced tire fabrics has risen by 15%.
Europe
Europe captures 23% of the total market, with Germany, France, and the UK leading at 70% of the regional share. The demand for lightweight and fuel-efficient tires has pushed the adoption of advanced tire fabrics up by 18%. Radial tires account for 80% of total tire production. Investment in automated tire cord production has grown by 10%, increasing efficiency and reducing material waste.
Asia-Pacific
Asia-Pacific holds over 50% of the global market, with China alone contributing nearly 40%. India’s tire exports have surged by 25%, driving demand for high-tensile polyester tire cords. Japan and South Korea are investing in carbon-fiber-based tire fabrics, increasing durability and reducing tire weight by 15%. The rise in electric vehicle (EV) production has boosted the demand for reinforced radial tires by 22%.
Key Companies in the Tire Cord and Tire Fabrics Market
- Hyosung
- Kordsa Global
- Kolon Industries
- SRF Ltd
- Performance Fibers
- Firestone
- Maduratex
- Kordarna Plus A.S.
- Teijin
- Milliken & Company
- Far Eastern Group
- Century Enka
- Cordenka
- Junma
- Shenma
- Jinlun Group
- Haiyang Chemical
- Xiangyu
- Shifeng
- Tianheng
- Taiji
- Dongping Jinma
- Hailide
- Helon Polytex
- Bestory
- Unifull
- Jiayuan
- Dikai
- Ruiqi
- Hesheng
Top Companies with Market Share
- Hyosung – Holds approximately 20% of the global tire cord and tire fabrics market share, specializing in nylon and polyester tire cord production.
- Kordsa Global – Accounts for around 18% of the market share, focusing on high-performance tire reinforcement solutions across multiple regions.
Investment Analysis and Opportunities in the Tire Cord and Tire Fabrics Market
Investments in the tire cord and tire fabrics market are surging due to rising demand for high-performance tires, lightweight materials, and sustainability initiatives. Global manufacturers have increased capital expenditure by 22% in the past year, with major players expanding production capacity and adopting automated manufacturing processes. In Asia-Pacific, investments in tire cord production have grown by 28%, fueled by China and India’s automotive boom. The European Union has allocated 15% more funds toward eco-friendly tire material research, particularly focusing on bio-based and recycled fibers.
With the rise in electric vehicles (EVs), the demand for reinforced radial tires has surged by 25%, prompting new investments in advanced polymer-based tire cords. North American manufacturers have boosted R&D spending by 18%, aiming to develop next-generation tire reinforcement technologies. Meanwhile, Middle Eastern and African tire fabric producers are investing in local production units, aiming to reduce reliance on imports by 30%. Strategic partnerships have increased by 20%, particularly between tire manufacturers and material suppliers, ensuring a steady supply of high-quality reinforcement materials for the growing automotive sector.
New Product Developments in the Tire Cord and Tire Fabrics Market
The development of advanced tire reinforcement materials has accelerated, with companies introducing lightweight, durable, and heat-resistant tire fabrics. In 2023, bio-based nylon tire cords were introduced, reducing carbon emissions by 18% compared to conventional materials. The use of aramid-reinforced tire cords has grown by 15%, improving tire strength and puncture resistance. Additionally, self-repairing tire fabrics have entered the market, using microcapsule technology to seal minor punctures automatically, increasing tire longevity by 20%.
Polyester tire cords have undergone significant enhancements, with manufacturers achieving a 25% reduction in rolling resistance, leading to improved fuel efficiency. Radial tire fabrics incorporating graphene-based reinforcements have shown a 30% increase in durability. Several manufacturers are scaling up production of recycled PET tire cords, reducing plastic waste by 35% while maintaining high tensile strength. The focus on high-performance racing tires has led to the adoption of hybrid tire cords, blending carbon fiber and aramid, resulting in a 40% improvement in traction and wear resistance.
Recent Developments in the Tire Cord and Tire Fabrics Market
- Hyosung expanded production capacity for high-strength nylon tire cords, increasing output by 20% to meet rising demand from the electric vehicle (EV) industry.
- Kordsa Global launched a new polyester tire cord fabric, improving tire longevity by 18% while reducing rolling resistance.
- Kolon Industries introduced bio-based tire reinforcement materials, cutting down CO₂ emissions by 22%, aligning with sustainability trends.
- SRF Ltd invested in an advanced automated production line, increasing efficiency by 25% while reducing material waste.
- Teijin developed ultra-lightweight tire reinforcement materials, leading to a 15% weight reduction without compromising durability.
Report Coverage of the Tire Cord and Tire Fabrics Market
This report provides a comprehensive analysis of the tire cord and tire fabrics market, covering market size, share, and growth trends across key regions. It examines segmentation by type (Nylon, Polyester, Others) and application (Bias Tire, Radial Tire), highlighting market dynamics, investment opportunities, and new product innovations.
The report outlines regional insights, showing Asia-Pacific leading with a 50% market share, followed by Europe (23%) and North America (18%). It details key investment trends, such as the rise in sustainable tire cord materials and the expansion of automated production facilities. Additionally, it covers five recent developments by top manufacturers, emphasizing technological advancements, capacity expansions, and material innovations.
Furthermore, the report explores growth drivers, including the surge in EV adoption, increasing demand for fuel-efficient tires, and investments in high-performance tire reinforcement materials. Market restraints, challenges, and future opportunities are analyzed, offering a detailed forecast for 2024-2033.
| Report Coverage | Report Details |
|---|---|
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Top Companies Mentioned |
Hyosung, Kordsa Global, Kolon Industries, SRF Ltd, Performance Fibers, Firestone, Maduratex, Kordarna Plus A.S., Teijin, Milliken & Company, Far Eastern Group, Century Enka, Cordenka, Junma, Shenma, Jinlun Group, Haiyang Chemical, Xiangyu, Shifeng, Tianheng, Taiji, Dongping Jinma, Hailide, Helon Polytex, Bestory, Unifull, Jiayuan, Dikai, Ruiqi, Hesheng |
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By Applications Covered |
Bias Tire, Radial Tire (semi-steel) |
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By Type Covered |
Nylon Tire Cord and Fabrics, Polyester Tire Cord and Fabrics, Others |
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No. of Pages Covered |
127 |
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Forecast Period Covered |
2025 to 2033 |
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Growth Rate Covered |
CAGR of 2.3% during the forecast period |
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Value Projection Covered |
USD 6920.93 Million by 2033 |
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Historical Data Available for |
2020 to 2023 |
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Region Covered |
North America, Europe, Asia-Pacific, South America, Middle East, Africa |
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Countries Covered |
U.S. ,Canada, Germany,U.K.,France, Japan , China , India, South Africa , Brazil |
