Top Factor Driving Tire Cord Fabrics Market Growth in 2025: Surge In Automobile Production Fuels Expansion Of The Tire Cord Fabrics Market

What industry-specific factors are fueling the growth of the tire cord fabrics market?
The growth of the tire cord fabrics market is heavily influenced by the rise in automobile production. These fabrics, which aid in maintaining the tire's shape and improving its longevity, are utilized in vehicles. For instance, the European Automobile Manufacturers Association, a leading advocacy and standards organization for the automotive sector based in Europe, reported in May 2023 that the worldwide production of motor vehicles hit 85.4 million in 2022, a 5.7% rise from 2021. Therefore, the escalating production of vehicles is projected to bolster the tire cord fabrics market's development in the upcoming years.

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What Is the projected market size and growth rate for the tire cord fabrics market?
In the past few years, the tire cord fabrics market has seen significant growth. Its size is expected to rise from a valuation of $6.07 billion in 2024 to around $6.41 billion in 2025, marking a compound annual growth rate (CAGR) of 5.7%. This historical growth can be traced back to several factors, including the overall expansion of the automotive industry, an increase in vehicle production, a surge in the demand for replacement tires, an emphasis on tire performance, and advancements in tire technology.

In the coming years, the tire cord fabrics market size is anticipated to experience robust growth, escalating to $8.02 billion in 2029 with a compound annual growth rate (CAGR) of 5.8%. This growth over the forecast period is linked to the ongoing expansion of the automotive industry, the popularity of green tire trends, the emergence of the electric vehicle (EV) market, the rising demand for specialty tires, the worldwide spread of tire manufacturing, and tight regulations. Key trends for the forecast duration include a heightened emphasis on sustainability, the global development of infrastructure, resilience to economic disruptions, strategic collaborations and partnerships, as well as investments in research and development aiming for improved performance.

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What new trends are reshaping the tire cord fabrics market and its opportunities?
An increasing emphasis on creating more environmentally-friendly tires is a rising trend that's catching attention within the tire cord fabric industry. Key players in this market are making deliberate moves towards sustainable tire cord fabrics for eco-friendly tires, by means of partnerships and product releases. An example of this is the Taiwan-based Formosa Taffeta Co., Ltd., a tire cord fabrics manufacturer, which introduced Etycord in September 2023. This eco-friendly tire cord cloth is a product of Seawastex and is comprised of 100% recycled thrown away fishing nets, ingeniously transformed into nylon through the FCFC chemical recycling method, more precisely, the polyamide-6 (PA6) depolymerization, which led to the creation of Seawastex - an ocean-recycled nylon fiber. Formosa Taffeta subsequently utilizes Seawastex to manufacture Etycord, offering a more eco-friendly alternative for producing bicycle tires to the cycling industry. To avoid international shipping at the stages of raw material collection and recycling, Formosa procures the discarded fishing nets and converts them into recycled nylon alongside local governments and fishermen. Consequently, Seawastex registers a remarkable 49% decrease in carbon footprint in comparison to the production of virgin nylon.

What major market segments define the scope and growth of the tire cord fabrics market?
The tire cord fabrics market covered in this report is segmented -

1) By Material: Nylon, Polyester, Rayon, Other Materials
2) By Vehicle Type: HCV, 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: PET (Polyethylene Terephthalate), PBT (Polybutylene Terephthalate)
3) By Rayon: High-Strength Rayon, Standard Rayon
4) By Other Materials: Steel, Aramid, Polypropylene

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Which region dominates the tire cord fabrics market?
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.

Which key market leaders are driving the tire cord fabrics industry growth?
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.

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What Is Covered In The Tire Cord Fabrics Global Market Report?

•Market Size Forecast: Examine the tire cord fabrics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the tire cord fabrics market for a structured understanding.
•Key Players Overview: Analyze major players in the tire cord fabrics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the tire cord fabrics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the tire cord fabrics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the tire cord fabrics market.
•Industry Challenges: Identify potential risks and obstacles affecting the tire cord fabrics market.
•Competitive Landscape: Review strategic developments in the tire cord fabrics market, including expansions, agreements, and new product launches.

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