Global Tire Cord And Tire Fabrics Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product;
Steel Cords, Nylon Dipped Cords, Polyester Cords, Rayon Cords, and OthersBy Tire Type;
Radial and BiasBy Vehicle Type;
Off-Road Vehicles, Bicycles, Personal Vehicles, Light Commercial Vehicles, and Two-WheelersBy Application;
OEM and ReplacementBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Tire Cord And Tire Fabrics Market Overview
Tire Cord And Tire Fabrics Market (USD Million)
Tire Cord And Tire Fabrics Market was valued at USD 5,356.17 million In the year 2024. The size of this market is expected to increase to USD 7,587.06 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.1%.
Global Tire Cord And Tire Fabrics Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 5.1 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 5.1 % |
Market Size (2024) | USD 5,356.17 Million |
Market Size (2031) | USD 7,587.06 Million |
Market Concentration | Medium |
Report Pages | 370 |
Major Players
- Tokusen U.S.A., Inc
- Teijin Ltd
- Kordarna Plus A.S.
- Cordenka GmbH & Co. KG
- Kolon Industries, Inc
- Kordsa Global, Inc
- Hyosung Corporation
- SRF Ltd.
- Milliken & Company Inc.
- Firestone Fibers & Textile Company
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Tire Cord And Tire Fabrics Market
Fragmented - Highly competitive market without dominant players
The tire cord and tire fabrics market is growing steadily, propelled by the increasing requirements of the automotive and transportation sectors. These reinforcement materials are key to ensuring tire strength and performance, enabling durability under varied load conditions. Currently, over 65% of demand for advanced tire components stems from these materials, emphasizing their importance in vehicle engineering.
Shift Toward High-Strength and Heat-Resistant Materials
There is a growing preference for high-strength synthetic fibers like nylon, aramid, and polyester due to their excellent wear and thermal resistance. Nearly 55% of tire fabric usage now involves these fibers, reflecting their critical role in enhancing longevity and structural integrity. This shift aligns with industry goals of improving tire safety and handling across diverse terrains.
Eco-Friendly Innovations Driving Market Transformation
Sustainability is playing an increasingly important role in material selection, with manufacturers incorporating lightweight and eco-friendly alternatives into tire production. Around 30% of recent product launches include recyclable or bio-based tire fabrics, aimed at reducing environmental impact and improving vehicle efficiency. This trend supports greener mobility solutions without compromising material performance.
Advanced Engineering Enhancing Product Quality
The market is witnessing significant technological progress, especially in fabric construction and bonding techniques. Techniques like hybrid composite layering and enhanced adhesion coatings are improving the mechanical and chemical performance of tire reinforcements. Over 40% of current innovation efforts in the field focus on boosting material functionality and reliability.
Tire Cord And Tire Fabrics Market Recent Developments
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In January 2023, Century Enka Limited commenced the commercialization of a nylon tire cord fabric crafted entirely from fully recycled nylon waste. This eco-friendly material is set to be utilized by Apollo Tyres Ltd. across various product lines, marking a significant step towards sustainable practices in the tire manufacturing industry.
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In April 2023, Kordsa Teknik Tekstil A.Ş. announced a $50 million investment to expand its production facility in Tennessee, U.S.. The expansion aims to enhance the factory's manufacturing capacity, enabling local production of tire cord fabric to better serve tire manufacturers in the U.S. market.
Tire Cord And Tire Fabrics Market Segment Analysis
In this report, the Tire Cord And Tire Fabrics Market has been segmented by Product, Tire Type, Vehicle Type and Geography.
Tire Cord And Tire Fabrics Market, Segmentation by Product
The Tire Cord And Tire Fabrics Market has been segmented by Product into Steel Cords, Nylon Dipped Cords, Polyester Cords, Rayon Cords and Others.
Steel Cords
Steel cords lead the tire cord and tire fabrics market, comprising roughly 50% to 55% of the total share. Renowned for their exceptional tensile strength and durability, steel cords are the primary reinforcement material for radial tires, directly contributing to enhanced vehicle safety and performance on the road.
Nylon Dipped Cords
Nylon dipped cords capture about 15% to 20% of the market. Praised for their superior elasticity and excellent adhesion, these cords are commonly used in bias tires, improving tire flexibility and providing a smoother driving experience.
Polyester Cords
Holding an estimated 15% to 18% of the market, polyester cords are favored for their high dimensional stability and heat resistance. These properties make polyester cords ideal for tire carcass construction, ensuring shape retention and prolonging tire lifespan under various conditions.
Rayon Cords
Rayon cords account for approximately 5% to 7% of the market. Though less prevalent than other types, rayon cords offer reliable strength and flexibility, often chosen for cost-effective tire manufacturing applications.
Others
The "Others" category, including specialty materials like aramid and fiberglass cords, represents around 5% to 7% of the market. These advanced cords cater to high-performance and specialty tire segments, delivering benefits such as enhanced heat resistance and reduced weight for improved tire efficiency.
Tire Cord And Tire Fabrics Market, Segmentation by Tire Type
The Tire Cord And Tire Fabrics Market has been segmented by Tire Type into Radial and Bias.
Radial Tires
Radial tires represent the largest segment, accounting for approximately 70% to 75% of the tire cord and tire fabrics market. These tires are favored for their exceptional durability, enhanced fuel efficiency, and superior performance. The extensive use of steel cords in radial tire manufacturing drives demand across passenger cars and commercial vehicles alike.
Bias Tires
Bias tires make up around 25% to 30% of the market. They primarily incorporate nylon dipped and polyester cords, which provide greater flexibility and impact resistance. Although bias tires have a smaller market share than radial tires, they remain essential for specialty and off-road vehicle applications.
Tire Cord And Tire Fabrics Market, Segmentation by Vehicle Type
The Tire Cord And Tire Fabrics Market has been segmented by Vehicle Type into Off-Road Vehicles, Bicycles, Personal Vehicles, Light Commercial Vehicles and Two-Wheelers.
Off-Road Vehicles
The off-road vehicle segment accounts for approximately 20% to 25% of the tire cord and tire fabrics market. These vehicles require robust tire reinforcements, often incorporating steel and specialty cords designed to endure rugged terrains and extreme conditions, driving steady growth in this category.
Bicycles
Bicycles represent about 5% to 7% of the market share. Lightweight and flexible materials such as nylon and polyester cords are commonly used in bicycle tires, enhancing performance and durability for both urban commuting and recreational riding.
Personal Vehicles
Personal vehicles, including passenger cars, hold the largest portion, with around 40% to 45% of the market. The demand for high safety standards, durability, and fuel efficiency in this segment results in widespread use of steel cords within radial tire manufacturing.
Light Commercial Vehicles
Light commercial vehicles contribute roughly 15% to 18% of the market. These vehicles need tires that balance strength and flexibility, often achieved through the use of steel and polyester cords to support heavier loads and extended durability.
Two-Wheelers
Two-wheelers account for about 10% to 12% of the market. Tire cords for this segment typically focus on lightweight and flexible materials like nylon and polyester, improving handling, ride comfort, and overall performance for motorcycles and scooters.
Tire Cord And Tire Fabrics Market, Segmentation by Application
The Tire Cord And Tire Fabrics Market has been segmented by Application into OEM and Replacement.
OEM (Original Equipment Manufacturer)
The OEM segment dominates the tire cord and tire fabrics market, capturing roughly 60% to 65% of the share. This growth is fueled by automotive manufacturers' demand for high-performance, durable tire cords used in the production of new vehicles. Strict safety regulations and quality standards further boost the adoption of advanced materials in this segment.
Replacement
The replacement segment accounts for about 35% to 40% of the market. This segment includes aftermarket tire cords utilized for tire repairs and replacements. Increasing vehicle lifespan and heightened focus on road safety drive consistent demand, making it a vital area of market expansion.
Tire Cord And Tire Fabrics Market, Segmentation by Geography
In this report, the Tire Cord And Tire Fabrics Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regions and Countries Analyzed in this Report
Tire Cord And Tire Fabrics Market Share (%), by Geographical Region
North America
North America represents approximately 25% to 30% of the tire cord and tire fabrics market. This region benefits from a well-established automotive sector, strong demand for both passenger and commercial vehicles, and a growing emphasis on adopting advanced tire reinforcement technologies.
Europe
Europe accounts for roughly 20% to 25% of the market. The presence of strict vehicle safety regulations and environmental standards, along with leading automotive manufacturers, drives the widespread use of high-quality tire cords in this market.
Asia Pacific
Asia Pacific is the largest regional market, holding about 35% to 40% share. The rapid pace of industrial growth, expanding automotive manufacturing hubs, and rising vehicle ownership in countries such as China and India fuel significant market expansion.
Middle East and Africa
The Middle East and Africa region contribute close to 5% to 7% of the market. Increasing infrastructure projects and growing demand for off-road and commercial vehicles in oil-rich nations and emerging economies support market growth here.
Latin America
Latin America comprises approximately 5% to 7% of the tire cord and tire fabrics market. Ongoing investments in transportation infrastructure and an expanding automotive sector in countries like Brazil and Mexico drive steady market development.
Tire Cord And Tire Fabrics Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Tire Cord And Tire Fabrics Market. These factors include; Market Drivers, Restraints and Opportunities Analysis
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
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Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- Growth in global vehicle production
- Demand for high-performance radial tires
- Rising commercial transportation activities
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Emphasis on fuel-efficient tire designs - Fuel-efficient tire designs are driving strong demand for advanced materials in the tire cord and tire fabrics market. As automakers prioritize reducing rolling resistance to improve fuel economy, there is growing use of lightweight, high-strength reinforcement materials that maintain structural integrity while minimizing energy loss. This trend supports global goals for lower emissions and fuel consumption across vehicle segments.
Materials like polyester, nylon, rayon, and aramid cords are gaining traction for their ability to deliver superior handling, reduced weight, and extended tread life. These features align with stricter environmental standards, making them integral to enhancing vehicle efficiency and sustainability. Their tensile strength without added mass is critical for next-generation tire technologies.
Optimized cord constructions are enabling improvements in cornering stability, load support, and thermal resistance, which are vital for modern passenger vehicles, commercial fleets, and electric vehicles (EVs). Collaboration between tire manufacturers and automotive OEMs is advancing tire technologies that meet evolving performance and efficiency benchmarks.
With EV adoption on the rise, the emphasis on low rolling resistance has intensified. This places high-performance reinforcement solutions at the forefront of tire innovation. As both regulatory standards and consumer expectations continue to focus on fuel efficiency, the demand for specialized tire cords and fabrics is expected to rise steadily.
Restraints
- Volatility in raw material costs
- Intense competition among manufacturers
- Strict environmental compliance requirements
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Decline in traditional tire replacements - Reduced frequency of traditional tire replacements is emerging as a significant constraint in the tire cord and tire fabrics market. Advances in tire technology and material composition have led to longer-lasting tires, particularly in the passenger vehicle segment. This has resulted in slower aftermarket demand for reinforcement materials traditionally used in frequent replacement cycles.
Innovations such as run-flat, self-healing, and wear-resistant tires are extending tire longevity, especially in urban areas with predictable usage patterns. These technologies reduce wear rates and diminish the volume of replacement sales, impacting revenue streams for cord and fabric suppliers that depend on aftermarket activity.
Shifts in transportation habits, including the growth of ride-sharing and fleet-based mobility services, further reduce tire turnover. These vehicles often follow planned maintenance schedules, optimizing tire lifespan and limiting the frequency of reinforcement material purchases.
Unless offset by increased demand from OEM production or specialty tire applications, the drop in replacement-driven consumption could constrain long-term growth for the market. To remain competitive, suppliers will need to diversify into emerging segments and value-added technologies that are less reliant on traditional replacement patterns.
Opportunities
- Innovation in sustainable tire fabrics
- Expansion in electric vehicle components
- Rising demand for lightweight reinforcements
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Growth in off-road and specialty tires - Rapid growth in the off-road and specialty tire segment is creating strong opportunities for the tire cord and tire fabrics market. Tires used in sectors such as construction, mining, agriculture, and aviation demand reinforcement materials that can endure extreme pressure, abrasive conditions, and high load cycles. These applications require high-strength cords that deliver reliable performance under harsh operating environments.
Advanced reinforcement materials such as steel, aramid, and rayon are increasingly being adopted in specialty tires for military vehicles, earthmovers, and all-terrain vehicles. These materials provide superior puncture resistance, heat stability, and tensile strength, making them critical for safety and longevity in heavy-duty applications.
With global infrastructure projects expanding and industrial operations moving into more rugged terrains, the need for durable and customized tire solutions is on the rise. Manufacturers are responding by developing application-specific reinforcement technologies that enhance tire reliability and lifespan in demanding environments.
Collaborations between tire producers and material suppliers are intensifying as the market shifts toward high-value, specialized mobility applications. This trend is positioning the off-road and specialty segment as a key area for growth in the global tire cord and tire fabrics industry.
Tire Cord And Tire Fabrics Market Competitive Landscape Analysis
Key players in Tire Cord And Tire Fabrics Market include:
- Tokusen U.S.A., Inc
- Teijin Ltd
- Kordarna Plus A.S.
- Cordenka GmbH & Co. KG
- Kolon Industries, Inc
- Kordsa Global, Inc
- Hyosung Corporation
- SRF Ltd.
- Milliken & Company Inc.
- Firestone Fibers & Textile Company
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Tire Type
- Market Snapshot, By Vehicle Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Tire Cord And Tire Fabrics Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growth in global vehicle production
- Demand for high-performance radial tires
- Rising commercial transportation activities
- Emphasis on fuel-efficient tire designs
- Restraints
- Volatility in raw material costs
- Intense competition among manufacturers
- Strict environmental compliance requirements
- Decline in traditional tire replacements
- Opportunities
- Innovation in sustainable tire fabrics
- Expansion in electric vehicle components
- Rising demand for lightweight reinforcements
- Growth in off-road and specialty tires
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Tire Cord And Tire Fabrics Market, By Product , 2021 - 2031 (USD Million)
- Steel Cords
- Nylon Dipped Cords
- Polyester Cords
- Rayon Cords
- Others
- Tire Cord And Tire Fabrics Market, By Tire Type , 2021 - 2031 (USD Million)
- Radial
- Bias
- Tire Cord And Tire Fabrics Market, By Vehicle Type , 2021 - 2031 (USD Million)
- Off-Road Vehicles
- Bicycles
- Personal Vehicles
- Light Commercial Vehicles
- Two-Wheelers
- Tire Cord And Tire Fabrics Market, By Application , 2021 - 2031 (USD Million)
- OEM
- Replacement
- Tire Cord And Tire Fabrics Market, By Geography , 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Tire Cord And Tire Fabrics Market, By Product , 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Tokusen U.S.A., Inc
- Teijin Ltd
- Kordarna Plus A.S.
- Cordenka GmbH & Co. KG
- Kolon Industries, Inc
- Kordsa Global, Inc
- Hyosung Corporation
- SRF Ltd.
- Milliken & Company Inc.
- Firestone Fibers & Textile Company
- Company Profiles
- Analyst Views
- Future Outlook of the Market