Tire Cord and Tire Fabrics Market Size
The Tire Cord and Tire Fabrics market size was valued at USD 5,597.09 million in 2024 and is expected to reach USD 5,829.92 million in 2025, growing to USD 8,077.38 million by 2033, exhibiting a growth rate of 4.16% during the forecast period from 2025 to 2033.
The U.S. Tire Cord and Tire Fabrics market accounts for approximately 25% of the global market share, driven by high automotive production, increased demand for high-performance tires, and advancements in tire material technologies.
The tire cord and tire fabrics market is a vital segment in the tire manufacturing industry, with an increasing focus on enhancing tire strength, durability, and performance. The market size reached approximately USD 5.8 billion in 2022, and is expected to grow by 24% by 2031. The surge in demand is attributed to the rising need for high-performance tires, especially in emerging markets where vehicle production and sales are growing by around 30%. High-strength tire cord fabrics made from materials such as polyester, nylon, and steel are essential in ensuring tire durability under high-pressure and heavy-load conditions. Technological advancements in material science are driving market growth, with 18% of companies investing in innovative, stronger, and more efficient tire fabrics.
Tire Cord and Tire Fabrics Market Trends
The tire cord and tire fabrics market is shaped by several key trends. One major trend is the growing use of high-strength materials like aramid and carbon fiber, which have improved by 22% in recent years. These materials offer better strength-to-weight ratios, leading to lighter tires that improve fuel efficiency. Sustainability is also a key focus, with 20% of manufacturers adopting eco-friendly production processes, including biodegradable tire cord fabrics and tire material recycling. Additionally, automation and digitalization in production processes have enhanced product consistency and reduced manufacturing costs by around 18%. The shift towards electric vehicles (EVs) is further influencing the market, with the demand for EV-specific tires rising by 15%, driving the need for more specialized tire cord fabrics that support higher torque and weight associated with EVs.
Tire Cord and Tire Fabrics Market Dynamics
The growth of the tire cord and tire fabrics market is primarily driven by the increasing demand for high-performance tires. This demand has risen by about 25% as vehicle production expands, particularly in emerging markets. Advances in material science are a key driver, with 30% of tire manufacturers incorporating stronger and lighter materials into their products to improve fuel efficiency and longevity. However, the market faces challenges from the rising popularity of retreaded tires, which are growing at a rate of 20%. Retreaded tires reduce the need for new tire cord fabrics, impacting market demand. Despite this, the market presents significant opportunities. The growing awareness of the benefits of durable, high-quality tire cord fabrics is expected to lead to a 15% increase in investment in advanced materials and manufacturing technologies, further fueling market growth.
Drivers of Market Growth
"Increasing Demand for High-Performance Tires"
The tire cord and tire fabrics market is driven by the increasing demand for high-performance tires. Approximately 35% of global tire production is now focused on high-performance and durable tires, particularly for commercial vehicles and luxury cars. The automotive industry's emphasis on fuel efficiency, safety, and longevity has led to an increased use of high-strength materials like aramid and carbon fiber in tire cord fabrics. As vehicle production grows by 15% annually, especially in emerging markets, the demand for tires with superior strength and durability is expected to grow significantly, further driving the demand for advanced tire cord fabrics.
Market Restraints
"Growing Popularity of Retreaded Tires"
A key restraint in the tire cord and tire fabrics market is the growing preference for retreaded tires. Around 20% of the global tire market consists of retreaded tires, which reuse existing tire casings, reducing the need for new materials like tire cord fabrics. Retreaded tires are particularly popular in commercial fleets due to their cost-effectiveness and environmental benefits. This trend is expected to limit the demand for new tire cord and tire fabrics, as the retreading process reduces the consumption of raw materials, including high-strength fibers used in new tire production.
Market Opportunities
"Shift Toward Electric Vehicles (EVs)"
The rise of electric vehicles (EVs) presents a significant opportunity for the tire cord and tire fabrics market. With the growing adoption of EVs, the need for tires capable of handling higher torque and weight is increasing. Approximately 10% of new tires produced in the automotive industry are now specifically designed for electric vehicles, and this demand is expected to increase by 15% in the next few years. As EVs require specialized tire cord fabrics that can withstand unique stresses, manufacturers have the opportunity to innovate and produce high-performance tire fabrics tailored for the growing electric vehicle market.
Market Challenges
"Volatility in Raw Material Prices"
A major challenge faced by the tire cord and tire fabrics market is the volatility in raw material prices. Key materials such as polyester, steel, and nylon, which make up around 40% of the cost of tire cord fabrics, are subject to price fluctuations due to global supply chain disruptions and geopolitical factors. The cost of high-strength fibers and steel has increased by approximately 12% in recent years, impacting the overall cost structure for tire manufacturers. This price volatility is a concern for manufacturers aiming to maintain profitability while meeting growing demand for high-quality, durable tire fabrics.
Segmentation Analysis
The tire cord and tire fabrics market is segmented by type and application. The types of tire cords include steel cords, nylon dipped cords, polyester cords, rayon cords, and others. Each type of cord offers distinct properties such as strength, flexibility, and durability, and is suited to specific tire requirements. In terms of application, tire cords are used across various vehicle types, including heavy commercial vehicles, off-road vehicles, bicycles, personal vehicles, light commercial vehicles, and two-wheelers. Each application demands different specifications in terms of tire cord strength and performance, driving innovation in materials and production processes.
By Type:
Steel Cords: Steel cords make up around 45% of the tire cord market. They are primarily used for high-performance and heavy-duty tires due to their high tensile strength and durability. Steel cord fabrics are commonly used in tires for commercial trucks, buses, and large vehicles that require excellent load-bearing capacity. The high strength of steel cords enhances the performance of tires by providing better resistance to pressure, punctures, and wear, making them ideal for vehicles in demanding applications.
Nylon Dipped Cords: Nylon dipped cords account for approximately 25% of the market. These cords are commonly used in tires for passenger vehicles, providing a balance of strength, flexibility, and resistance to wear. Nylon dipped cords enhance the flexibility of the tire while maintaining strength, which is crucial for high-performance tires. These cords offer enhanced tire durability and better traction, making them suitable for a wide range of consumer vehicles and light commercial applications.
Polyester Cords: Polyester cords represent around 15% of the tire cord market. Known for their lightweight and cost-effective properties, polyester cords are typically used in tires for personal vehicles and light trucks. They offer a good balance of strength and flexibility while being more affordable compared to steel and nylon cords. Polyester cords are used in passenger car tires where lightweight construction is important for fuel efficiency without compromising on performance.
Rayon Cords: Rayon cords account for about 10% of the market. These cords are known for providing excellent comfort and durability, which is why they are often used in tires for passenger cars and other consumer vehicles. Rayon’s high resilience and strength help enhance ride comfort and provide better shock absorption in tires. While less common than nylon and steel, rayon cords are utilized in specific tire applications where a smooth ride and long-lasting performance are prioritized.
Others: The “Others” category in tire cords, which includes materials like aramid and carbon fiber, makes up around 5% of the market. These materials are used in specialized tire applications where higher performance and specific characteristics such as ultra-lightweight or superior heat resistance are required. These cords are mainly used in high-performance sports vehicles and advanced tire technologies.
By Application:
Heavy Commercial Vehicles: This segment accounts for approximately 30% of the market. Steel cords and nylon dipped cords are commonly used in tires for trucks and buses, providing the strength and durability needed for these high-load vehicles.
Off-Road Vehicles: Representing around 15%, off-road vehicles demand highly durable tire cords like steel and polyester to withstand tough terrains and extreme conditions.
Bicycles: This sector contributes to about 10% of the market. Nylon and polyester cords are widely used in bicycle tires, ensuring a lightweight yet strong structure.
Personal Vehicles: Making up about 25%, personal vehicles predominantly use nylon dipped and polyester cords for tires due to the need for flexibility, comfort, and durability.
Light Commercial Vehicles: Light commercial vehicles represent around 10% of the market, utilizing a mix of nylon dipped and polyester cords for performance and cost-efficiency.
Two-Wheelers: This sector holds approximately 10% of the market, with nylon and polyester cords being the primary materials for lightweight, flexible tires suitable for motorcycles and scooters.
Tire Cord and Tire Fabrics Regional Outlook
The tire cord and tire fabrics market is growing at a steady pace across different regions. North America, Europe, Asia-Pacific, and the Middle East & Africa are the key regions where tire cord and tire fabric usage is prominent. The demand in these regions is primarily driven by advancements in automotive manufacturing, the shift towards high-performance vehicles, and increasing demand for durable tires across all vehicle types. Regional growth is also influenced by automotive production and the expansion of commercial vehicle fleets in emerging economies, driving the overall demand for tire cord and tire fabrics.
North America
North America accounts for around 25% of the global tire cord and tire fabrics market. The U.S. is the leading contributor, driven by the high demand for tires in the automotive and heavy commercial vehicle sectors. The region's automotive industry is well-established, with increasing vehicle production and tire requirements in both personal and commercial vehicle segments. Additionally, the demand for high-performance tires is growing, especially for electric vehicles and premium cars, which further boosts the need for advanced tire cord materials such as steel and aramid.
Europe
Europe holds approximately 20% of the global tire cord and tire fabrics market. The market in this region is driven by advancements in tire technology and the rising demand for tires in the automotive sector, including for electric vehicles (EVs). European countries like Germany, France, and the UK are significant players in the tire manufacturing industry, with a focus on high-performance and eco-friendly tire solutions. The automotive industry’s shift towards sustainability, along with the growing demand for commercial and passenger vehicle tires, contributes to the increased consumption of tire cord and fabric materials in the region.
Asia-Pacific
Asia-Pacific dominates the tire cord and tire fabrics market, accounting for around 40% of the global demand. This region, particularly China and India, is experiencing rapid growth in automotive production and vehicle sales, driving the demand for tire cords. The increasing focus on heavy-duty vehicles and infrastructure projects in developing countries is another significant factor contributing to the market’s growth. Additionally, the rise in demand for electric vehicles in this region is expected to further accelerate the adoption of advanced tire materials, positioning Asia-Pacific as the fastest-growing market for tire cords and fabrics.
Middle East & Africa
The Middle East & Africa region represents approximately 5% of the global tire cord and tire fabrics market. The region's demand for tire cords is driven by the ongoing infrastructure development, particularly in countries like the UAE and Saudi Arabia. Additionally, the increasing adoption of commercial vehicles for logistics and transportation needs is pushing the demand for durable tire cords. Although the region currently represents a smaller share, it is poised for growth, especially with the continued expansion of road networks and the automotive sector in emerging economies.
LIST OF KEY Tire Cord And Tire Fabrics Market COMPANIES PROFILED
- Hyosung Corporation
- Teijin Ltd.
- Firestone Fibers & Textile Company
- Tokusen Inc.
- Cordenka GmbH & Co. KG
- Kolon Industries, Inc.
- Milliken & Company Inc.
- SRF Ltd.
- Kordarna Plus A.S.
- Kordsa Global, Inc.
Top 2 Companies with Highest Market Share
- Hyosung Corporation: Holds approximately 22% of the global market share, primarily due to its strong presence in high-performance tire cord manufacturing and advanced materials technology.
- Kordsa Global, Inc.: Accounts for around 18% of the market, being a leading player in the development of advanced tire fabric solutions and its strategic partnerships with major tire manufacturers.
Investment Analysis and Opportunities
The tire cord and tire fabrics market is witnessing significant investment activity driven by the increasing demand for high-performance and durable tire materials. As vehicle production grows, particularly in emerging markets, the need for stronger, more efficient tire cords continues to rise. Investments in research and development (R&D) have surged, with manufacturers allocating around 20% of their annual budget to the development of advanced materials, including high-strength polyester, steel, and carbon fiber cords. The shift towards electric vehicles (EVs) has also spurred investments, with about 15% of companies focusing on developing tire cords specifically designed to meet the performance demands of EVs. Additionally, tire manufacturers are increasingly prioritizing sustainability, with around 18% of investments directed towards eco-friendly tire fabrics and production methods. The growing trend towards tire retreading, driven by cost-saving initiatives in commercial fleets, is another opportunity, offering an estimated 10% increase in demand for durable tire fabrics. This focus on innovation, performance, and sustainability is positioning the tire cord and tire fabrics market for continued growth, with increasing investment in automation, digitalization, and material innovation.
NEW PRODUCTS Development
The tire cord and tire fabrics market has seen significant developments in product innovation, driven by the need for stronger, more durable, and eco-friendly materials. In recent years, approximately 20% of tire cord manufacturers have introduced new types of high-performance fibers, including aramid and carbon fiber, which offer superior strength and lightweight properties. These new materials are especially beneficial for high-end, high-performance tires, and are designed to meet the growing demands of the electric vehicle (EV) sector. Additionally, manufacturers are increasingly focused on sustainability, with around 15% of new tire fabrics being made from recycled or biodegradable materials. The introduction of advanced production techniques, such as automation and digitalization, has resulted in the launch of tire fabrics that are more consistent, durable, and cost-effective. Around 12% of companies are also integrating advanced monitoring technologies into their manufacturing processes, such as smart sensors and telematics, which allow for better control of fabric quality and performance. These advancements are reshaping the tire cord and tire fabrics market, responding to evolving consumer needs and industry demands for high-performance, durable, and environmentally responsible tire materials.
Recent Developments by Manufacturers in Tire Cord And Tire Fabrics Market
Hyosung Corporation introduced a new line of high-performance polyester tire cords in 2024, designed specifically for electric vehicle tires, providing enhanced durability and weight reduction.
Teijin Ltd. launched an eco-friendly tire fabric made from recycled materials in 2025, aimed at reducing the environmental impact of tire production while maintaining high strength and performance.
Milliken & Company Inc. unveiled a new range of tire fabrics with advanced heat resistance in 2024, improving tire longevity and performance under extreme conditions.
Kordsa Global, Inc. introduced an innovative high-strength carbon fiber cord in 2025, aimed at improving tire strength and fuel efficiency, especially for commercial vehicles and EVs.
SRF Ltd. launched a new series of nylon tire cords in 2024, offering superior flexibility and resilience, specifically designed for passenger vehicle tires.
REPORT COVERAGE of Tire Cord And Tire Fabrics Market
The report on the tire cord and tire fabrics market provides a comprehensive analysis of market trends, segmentation, and competitive dynamics. It covers key market segments such as steel cords, nylon dipped cords, polyester cords, and rayon cords, highlighting their application across various vehicle types, including heavy commercial vehicles, off-road vehicles, personal vehicles, and two-wheelers. The report also examines the regional outlook, focusing on North America, Europe, Asia-Pacific, and the Middle East & Africa. It identifies key players such as Hyosung Corporation, Teijin Ltd., and Kordsa Global, Inc., profiling their market strategies and product offerings. The report explores emerging opportunities driven by advancements in tire technology, the shift towards electric vehicles, and the growing demand for eco-friendly tire materials. Additionally, it highlights the competitive landscape, recent product developments, and investment trends shaping the future of the tire cord and tire fabrics market, providing valuable insights for stakeholders to make informed decisions in this growing market.
| Report Coverage | Report Details |
|---|---|
| Top Companies Mentioned | Hyosung Corporation, Teijin Ltd., Firestone Fibers & Textile Company, Tokusen Inc, Cordenka GmbH & Co. KG, Kolon Industries, Inc., Milliken & Company Inc., SRF Ltd., Kordarna Plus A.S., Kordsa Global, Inc. |
| By Applications Covered | Heavy Commercial Vehicles, Off-Road Vehicles, Bicycles, Personal Vehicles, Light Commercial Vehicles, Two-Wheelers |
| By Type Covered | Steel Cords, Nylon Dipped Cords, Polyester Cords, Rayon Cords, Others |
| No. of Pages Covered | 106 |
| Forecast Period Covered | 2025 to 2033 |
| Growth Rate Covered | CAGR of 4.16% during the forecast period |
| Value Projection Covered | USD 8077.38 Million by 2033 |
| Historical Data Available for | 2020 to 2025 |
| Region Covered | North America, Europe, Asia-Pacific, South America, Middle East, Africa |
| Countries Covered | U.S. ,Canada, Germany,U.K.,France, Japan , China , India, South Africa , Brazil |
