Tire Cord and Tire Fabrics Market to Reach USD 9.1 Billion by 2035, Driven by Asia-Pacific Dominance and Automotive Innovation

The global tire cord and tire fabrics market is on a robust growth trajectory, with a new market report forecasting an increase from USD 4.9 billion in 2025 to USD 9.1 billion by 2035, at a Compound Annual Growth Rate (CAGR) of 6.4%. The report highlights a significant shift in market dynamics, with the Asia-Pacific region solidifying its position as the undisputed growth engine, fueled by burgeoning automotive manufacturing and an accelerating demand for advanced, high-performance tires.

This expansion is being powered by key regional markets, with China and India leading the charge with projected CAGRs of 8.6% and 8.0%, respectively. Their growth is a direct result of extensive automotive production hubs, rising vehicle ownership, and substantial investments in modern tire technologies.

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While mature markets in Europe and North America contribute steadily to the market, their growth is more moderate, reflecting a global landscape where demand and production capabilities are becoming increasingly concentrated in Asia-Pacific.

Competitive Landscape and Market Leadership

The market is characterized by intense competition among a diverse group of key players who are innovating to meet the evolving demands of the automotive industry. Companies like Kemrock Industries and Exports Limited, Kordsa Global, Inc., and Hyosung Corporation are at the forefront, specializing in high-strength reinforcement materials that are crucial for tire performance and safety.

BASF SE and Arkema S.A., for instance, are leveraging chemical expertise to create synthetic fibers that improve tire longevity, while SGL Carbon SE and Solvay S.A. are supplying advanced carbon-based fibers that enhance structural integrity. This competitive analysis reveals a market where technological differentiation is paramount, with a strong focus on lightweight, high-performance materials that align with stricter fuel economy and emissions regulations.

Market Segmentation Highlights
• Nylon Dominance: The Nylon Dipped Cord segment is poised to maintain its market leadership, commanding a 38.5% share of the market's revenue in 2025. Its enduring popularity stems from nylon's superior strength, fatigue resistance, and excellent adhesion properties-qualities that are critical for durability in high-stress applications.
• Passenger Cars Lead Vehicle Segment: The passenger car segment remains the single largest consumer of tire cords and fabrics, accounting for 42.9% of the market revenue in 2025. This is driven by high global vehicle production volumes and increasing consumer demand for tires that offer a blend of comfort, fuel efficiency, and a long lifespan.
• Growth Drivers: The market's growth is being propelled by several key factors:
o Rising Vehicle Production: A steady increase in global automotive manufacturing, particularly in emerging economies, is fueling demand for both original equipment and replacement tires.
o Technological Advancements: Innovations in fiber treatment and hybrid cord designs are improving tire performance, allowing for enhanced tensile strength and heat resistance.
o Commercial and Off-Road Vehicle Demand: Growth in logistics, construction, and mining sectors is creating a strong need for reinforced tires capable of handling heavy loads and challenging terrains.

Market Challenges and Future Outlook

Despite the positive outlook, the industry faces challenges, including fluctuating raw material costs, complex supply chains, and the need to meet increasingly stringent environmental regulations. However, these challenges are also driving innovation, with a growing focus on bio-based and recycled fibers to reduce environmental impact and improve sustainability.

The future of the tire cord and tire fabrics market is bright, as it is intrinsically linked to the ongoing evolution of the global automotive industry. With a clear shift in market leadership toward the Asia-Pacific region and a relentless focus on performance and sustainability, the market is well-positioned for continued expansion over the next decade.

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