Tire Cord Fabrics Market Report 2025

The tire cord fabrics market size has grown strongly in recent years. It will grow from $6.07 billion in 2024 to $6.41 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to automotive industry growth, rising vehicle production, replacement tire demand, focus on tire performance, tire technology advancements.

The tire cord fabrics market size is expected to see strong growth in the next few years. It will grow to $8.02 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to continued automotive industry expansion, green tire trends, electric vehicle (EV) market, demand for specialty tires, globalization of tire manufacturing, stringent regulations. Major trends in the forecast period include increased focus on sustainability, global infrastructure development, resilience to economic fluctuations, strategic alliances and partnerships, R&D investments for enhanced performance.

The rising production of automobiles is significantly driving the growth of the tire cord fabrics market. Tire cord fabrics play a crucial role in maintaining tire shape and enhancing durability. For example, in May 2023, the European Automobile Manufacturers Association reported that global motor vehicle production reached 85.4 million in 2022, reflecting a 5.7% increase from 2021. Therefore, the growing production of automobiles is anticipated to propel the tire cord fabrics market's expansion in the coming years.

The heightened emphasis on fuel efficiency is anticipated to propel the tire cord fabric market. Tire cord textiles play a pivotal role in enhancing fuel efficiency by reducing rolling resistance, enhancing traction, increasing tire longevity, and facilitating lightweight tire production. LendingTree's data in August 2023 showcased a 101.5% increase in average automobile fuel efficiency over three decades. Car fuel economy surged by 146.7% during the same period. Hence, the escalating focus on fuel efficiency drives growth in the tire cord fabric market.

The surge in demand for eco-friendly tires fuels innovation in the tyre cord fabric market. Key players focus on developing sustainable tyre cord fabrics through partnerships and innovative product launches. For example, Formosa Taffeta Co., Ltd., a Taiwan-based manufacturer, introduced Etycord in September 2023. This environmentally friendly tire cord cloth, made from 100% recycled abandoned fishing nets converted into nylon via the FCFC chemical recycling process, stands as a greener alternative for bike tire production. The Seawastex fabric, derived from ocean-recycled nylon fibers, significantly reduces carbon impact by 49% compared to virgin nylon manufacturing.

Major players in the tire cord fabric market focus on innovative products, such as eco-friendly nylon tire cord fabric, tailored to meet consumers' evolving needs. This form of tire-reinforcing material, made from nylon fibers, emphasizes environmental benefits. For instance, in November 2022, Century Enka Ltd., an India-based tire cord fabric manufacturer, launched recycled nylon tire cord fabric (NTCF). Traditionally derived from crude oil-based caprolactam, NTCF is now crafted entirely from recycled nylon yarn waste, underscoring efforts to curtail fossil fuel consumption and promote sustainability within the nylon yarn and tire industries.

June 2023 marked Nortex, a Russia-based chemical raw materials manufacturer, acquiring the Lanxess plant in Russia for an undisclosed sum. This acquisition signifies a pivotal step in Nortex's expansion, stabilizing and developing the local market for tires and rubber goods through import substitution of raw materials. The purchase aims to boost production and sales both domestically within the Russian Federation and in international export markets. Lanxess AG, headquartered in Germany, specializes in specialty chemicals manufacturing.

Major companies operating in the tire cord fabrics market include Showa Denko K.K., Bridgestone Corporation, Asahi Kasei Corporation, Indorama Ventures Company Limited, Toray Industries Inc., Hyosung Corporation, Teijin Ltd., Bekaert Corporation, Kolon Industries Inc., Milliken & Company, Far Eastern Group, Kordsa Teknik Tekstil Company, SRF Ltd., Shenma Industrial Co Ltd., Formosa Taffeta Co Ltd., Henan Hengxing Science & Technology Co, Tokusen, Kusumgar Corporates, Cordenka GmbH & Co KG, Colmant Coated Fabrics, Century Enka Limited, Glanzstoff Textilcord, Hanoi Industrial Textile Jsc, Kordarna Plus A.S.

Asia-Pacific was the largest region in the tire cord fabrics market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the tire cord fabrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the tire cord fabrics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Tire cord fabric reinforces tires, providing strength, shape, and support for vehicle weight while reducing wear, treated to better absorb rubber impregnation.

Tire cord fabrics encompass materials such as nylon, polyester, rayon, and various other compositions. Nylon tire cord fabrics (NTCF) play a pivotal role in providing robustness and endurance to tires, contributing to their structural integrity and ability to bear the vehicle's weight. These fabrics significantly influence tire performance and longevity, ensuring prolonged functionality. They are utilized across a spectrum of vehicles including heavy commercial vehicles (HCV), light commercial vehicles (LCV), passenger cars, off-road vehicles, and two-wheelers. Different tire cord types, such as radial and bias, find application in automotive, aircraft, industrial products, and various other sectors.

The tire cord fabrics market research report is one of a series of new reports that provides tire cord fabrics market statistics, including tire cord fabrics industry global market size, regional shares, competitors with a tire cord fabrics market share, detailed tire cord fabrics market segments, market trends and opportunities, and any further data you may need to thrive in the tire cord fabrics industry. This tire cord fabrics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The tire cord fabrics market consists of sales of aramid, polyethylene naphthalate, steel cord, tubed tyre, and solid rubber tyre. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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