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Tire Cord Fabrics Market Growth Potential: How Will Market Size Shift Through 2030?
The tire cord fabrics market size has experienced strong growth in recent years. It will grow from $6.33 billion in 2025 to $6.67 billion in 2026 at a compound annual growth rate (CAGR) of 5.3%. The expansion observed in prior periods can be attributed to several factors, including the increased production of radial tires, the rise in automotive manufacturing output, the growing demand for high-load tires, the adoption of polyester and nylon cord materials, and the enlargement of commercial vehicle fleets.
The tire cord fabrics market is anticipated to show consistent growth over the next few years. It is predicted to expand to $8.06 billion in 2030, achieving a compound annual growth rate (CAGR) of 4.9%. This projected growth is influenced by the rising demand for lightweight and high-performance tires, increased adoption of aramid and advanced fibers, the evolving requirements for electric vehicle tires, a concentrated effort on optimizing durability, and greater investments in advanced cord treatment technologies. Significant trends during this period include an increased use of high-strength synthetic fibers, a growing preference for lightweight reinforcement materials, a surge in demand for heat-resistant tire cords, wider applications of radial tire cords, and an intensified focus on reinforcing tire longevity.
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Tire Cord Fabrics Market Growth Drivers: What’s Behind The Acceleration?
The anticipated growth of the tire cord fabrics market going forward is expected to be propelled by the surge in automobile production. Automobile production refers to the large-scale manufacturing of passenger and commercial vehicles across global automotive assembly facilities. The rise in automobile production is attributed to the recovery and expansion of global automotive manufacturing capacity following supply chain normalization. Tire cord fabrics are essential for strengthening and stabilizing tires, enabling automobiles to meet safety, durability, and performance requirements necessary for large-scale vehicle production. For instance, data from April 2024, provided by the Serbian Association of Vehicle and Parts Importers, a Serbia-based professional automotive organization, indicated that 93, 546, 599 vehicles (including 67, 133, 570 passenger vehicles) were produced worldwide in 2023, which was an increase from 84, 830, 376 vehicles in 2022. Consequently, the surge in automobile production is driving the growth for the tire cord fabrics market.
Tire Cord Fabrics Market Segmentation And Category Overview
The tire cord fabrics market covered in this report is segmented –
1) By Material: Nylon, Polyester, Rayon, Other Materials
2) By Vehicle Type: Heavy Commercial Vehicle (HCV), Light Commercial Vehicle (LCV), Passenger Cars, Off-Road Vehicles And Two-Wheelers
3) By Tire Type: Radial, Bias
4) By Application: Automotive, Aircrafts, Industrial Products, Other Applications
Subsegments:
1) By Nylon: Nylon 6, Nylon 66
2) By Polyester: Polyethylene Terephthalate (PET), Polybutylene Terephthalate (PBT)
3) By Rayon: High-Strength Rayon, Standard Rayon
4) By Other Materials: Steel, Aramid, Polypropylene
Tire Cord Fabrics Market Trends: What’s Defining The Industry’s Next Phase?
Major companies in the tire cord fabrics market are concentrating on developing sustainable tire reinforcement materials, such as recycled nylon tire cord fabric, to improve environmental performance and support circular manufacturing within the automotive sector. Recycled nylon tire cord fabric is a robust textile reinforcement material made from recycled nylon feedstock, which is woven into tire structures to enhance durability, load-bearing capacity, and overall tire performance while also reducing environmental impact. For example, in January 2023, Century Enka Limited, an India-based manufacturer of nylon filament yarn and tire cord fabrics, initiated commercial production of a sustainable nylon tire cord fabric created entirely from 100% recycled nylon waste. This innovation aims to supply tire manufacturers with eco-friendly reinforcement materials and decrease dependence on virgin raw materials, incorporating recycled caprolactam input, high-tenacity nylon cords, and compatibility with existing tire manufacturing processes. The sustainable nylon tire cord fabric boosts material sustainability, backs circular economy initiatives, and aligns with tire manufacturers’ environmental and and regulatory goals.
Tire Cord Fabrics Market Company Landscape And Competitive Strategy
Major companies operating in the tire cord fabrics market are 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.
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Tire Cord Fabrics Market Largest Region: Which Geography Holds The Highest Market Share?
Asia-Pacific was the largest region in the tire cord fabrics market in 2025 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
