Tire Cord & Tire Fabrics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2032 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The global tire cord & tire fabrics market size is likely to be valued at US$ 6.13 Bn in 2025 and is projected to reach US$ 10 Bn by 2032, growing at a robust CAGR of 7.24% during the forecast period from 2025 to 2032. Tire cords and fabrics are critical reinforcement materials that improve the strength, durability, and performance of tires across various vehicle categories. With growing demand for high-performance, fuel-efficient, and long-lasting tires, especially in commercial and passenger vehicles, the market is experiencing strong traction globally.

Tire Cord & Tire Fabrics Market - Report Scope:

The tire cord & tire fabrics market covers various material types and structural reinforcements used in radial and bias tire construction. These materials, including steel cord, nylon dipped cord, rayon cord, and polyester, are designed to enhance tire stiffness, reduce rolling resistance, and support vehicle load. As global vehicle production rebounds and consumer demand for safety and performance rises, tire manufacturers are increasingly adopting advanced tire cords and fabrics to meet evolving industry standards and regulatory demands.

Key Market Growth Drivers:

The growth of the global tire cord & tire fabrics market is primarily driven by the expanding automotive sector, particularly in emerging economies where urbanization and industrialization are accelerating vehicle ownership. Increasing adoption of radial tires across passenger and commercial vehicles due to their superior durability and fuel efficiency is significantly fueling demand for advanced tire reinforcement materials. Moreover, the rising focus on vehicle safety and tire performance standards by regulatory authorities is prompting OEMs to invest in high-quality tire components. Ongoing research and development into lightweight and high-strength materials is also propelling innovation in tire cord manufacturing.

Market Restraints:

Despite favorable growth trends, the tire cord & tire fabrics market faces a few challenges. The volatility in raw material prices such as rubber, steel, and high-performance fibers like aramid and nylon can significantly affect production costs. Additionally, the complex and capital-intensive nature of tire cord manufacturing processes acts as a barrier to entry for new players. Environmental concerns related to synthetic materials and stringent emission regulations are compelling manufacturers to explore sustainable alternatives, which may require significant investment in R&D. Trade restrictions and fluctuations in global vehicle production may further constrain short-term market expansion.

Emerging Business Opportunities:

The tire cord & tire fabrics market is expected to unlock new growth avenues through the integration of sustainable and bio-based materials. As electric vehicles (EVs) gain traction globally, there is a rising need for low-rolling-resistance tires, which opens up opportunities for innovative tire cord designs. Expanding vehicle production in developing regions like Asia Pacific and Latin America offers significant potential for market penetration. Strategic collaborations between material suppliers and tire manufacturers for the development of customized, high-performance tire solutions are also expected to provide a competitive edge. Additionally, the aftermarket segment presents strong revenue potential due to increasing replacement needs.

Regional Outlook:

Asia Pacific remains the dominant region in the global tire cord & tire fabrics market, driven by high automotive production in China, India, Japan, and South Korea. The region is witnessing rising demand for passenger vehicles and two-wheelers, supported by growing middle-class populations and improved road infrastructure. Europe follows closely, supported by stringent safety and performance regulations and a strong presence of premium automobile manufacturers. North America also holds a notable share, driven by technological advancements in tire manufacturing. Meanwhile, Latin America and the Middle East & Africa are expected to emerge as high-growth regions due to expanding transportation and logistics sectors.

Leading Companies:

Leading players in the global tire cord & tire fabrics market include:

• Kemrock Industries and Exports Limited
• Kordsa Global, Inc.
• BASF SE
• Arkema S.A.
• SGL Carbon SE
• Solvay S.A.
• Kolon Industries, Inc.
• Mitsubishi Rayon Co. Ltd
• Hyosung Corporation
• Toray Industries Inc.

These companies are focusing on expanding production capacities, developing innovative reinforcement materials, and establishing strategic partnerships with tire manufacturers to strengthen their market presence globally.

Market Segmentation:

By Material Type:

• Nylon Dipped Cord
• Steel Cord
• Rayon Cord
• Polyester
• Others

By Product Type:

• Radial
• Bias

By Application:

• OEM
• Replacement

By End User:

• Passenger Car
• Light Commercial Vehicles (LCV)
• Heavy Commercial Vehicles (HCV)
• Off-road Vehicles and Two Wheelers

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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