Press release
Tire Cord Fabrics Market to Reach USD 8.37 Billion by 2028, says Stratview Research
Startview Research
The market is expanding primarily because of rising vehicle demand worldwide. Growing passenger and commercial vehicle production is increasing the requirement for durable, high-performance tires. Higher tire manufacturing volumes directly increase demand for nylon, polyester, rayon, and other reinforcing cord fabrics. "Vehicle production growth remains the single most important structural demand driver for tire cord fabrics worldwide."
"Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more."
The report provides detailed analysis across material type, tire type, application type, vehicle type, and regional categories. It evaluates market trends, growth drivers, competitive positioning, and strategic opportunities relevant to manufacturers, suppliers, OEMs, and investors operating across the tire value chain.
"Request a free sample report: https://www.stratviewresearch.com/Request-Sample/1521/tire-cord-fabrics-market.html#form"
Market Statistics
• Market size: USD 5.8 billion in 2021
• Forecast value: USD 8.37 billion by 2028
• CAGR: 5.3%
• Forecast period: 2022-2028
• Base year: 2021
• Total number of segments: 5
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Material Type
• Nylon
• Polyester
• Rayon
• Others
By Tire Type
• Radial Tires
• Bias Tires
By Application Type
• OEM
• Replacement
By Vehicle Type
• Passenger Cars
• Commercial Vehicles
By Region
• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Segment Analysis
Nylon is projected to remain the largest material segment throughout the forecast period. The segment accounted for more than 55% of the market share in 2021 due to rising demand for high-strength tire cord fabrics across passenger cars, lightweight vehicles, and heavyweight vehicles. Nylon's tensile strength and shock-absorbing capabilities continue to support its widespread use in tire reinforcement, encouraging manufacturers to prioritize capacity and supply-chain reliability in nylon-based materials.
The radial tire segment is expected to retain its dominance throughout the forecast period. Increasing passenger car production is driving demand for radial tires because they provide improved performance characteristics and broader adoption across modern automotive platforms. Tire manufacturers and suppliers aligned with radial tire production trends are likely to benefit from sustained OEM and replacement demand.
The replacement segment is anticipated to continue leading the market during the forecast period. The growing number of vehicles on the road and rising vehicle age are increasing replacement tire demand globally. Replacement demand creates recurring consumption cycles for tire cord fabrics, strengthening long-term opportunities for suppliers with stable aftermarket partnerships.
Regional Insights
Asia-Pacific is estimated to be the fastest-growing market for tire cord fabrics during the forecast period. Growth is being driven by increasing automobile production in developing economies such as China, India, and Indonesia. Expanding automotive manufacturing capacity and rising vehicle ownership are accelerating regional demand for reinforcing tire materials, making Asia-Pacific a critical growth center for global tire cord fabric suppliers.
Market Drivers
• Rising global vehicle production is increasing tire manufacturing volumes, directly driving demand for reinforcing tire cord fabrics.
• Urbanization and higher disposable income levels are supporting passenger and commercial vehicle sales, increasing long-term tire replacement demand.
• Growth in passenger car production is accelerating adoption of radial tires, which require durable reinforcement materials for performance and stability.
• Advancements in tire production technology are increasing demand for high-strength and heat-resistant cord fabrics to improve tire durability and efficiency.
• Industry focus on fuel-efficient and durable tires is encouraging manufacturers to adopt advanced reinforcement materials with better wear resistance and structural performance.
Top Companies in the Market
• Century Enka Limited
• Cordenka GmbH & Co Kg
• Firestone Fibers & Textile Company.
• Hyosung Corporation
• Indorama Ventures Public Company Limited
• Kolon Industries Inc.
• Kordsa Teknik Tekstil A.S.
• SRF Ltd.
• Teijin Ltd.
• Toray Industries Inc.
FAQs
1. How large is the Tire Cord Fabrics Market and what is the growth outlook?
The Tire Cord Fabrics Market was estimated at USD 5.8 billion in 2021 and is projected to reach USD 8.37 billion by 2028. The market is expected to grow at a CAGR of 5.3% during 2022-2028, supported by rising global vehicle production.
2. What is driving long-term demand in the tire cord fabrics industry?
Increasing production of passenger and commercial vehicles is the primary growth driver. Higher demand for durable, fuel-efficient, and high-performance tires is increasing the use of reinforcing materials such as nylon, polyester, and rayon tire cord fabrics.
3. Which region is creating the strongest growth opportunities for suppliers?
Asia-Pacific is expected to be the fastest-growing regional market during the forecast period. Expanding automotive manufacturing in countries such as China, India, and Indonesia is accelerating regional demand for tire reinforcement materials.
4. Which segment currently dominates the Tire Cord Fabrics Market?
Nylon remains the dominant material segment because of its high tensile strength and shock-absorbing properties. The replacement application segment also leads the market due to the increasing number and aging of vehicles globally.
5. What are the main strategic challenges for companies operating in this market?
Manufacturers must continuously align with changing tire technologies, performance requirements, and evolving automotive production trends. Companies also need strong supply-chain capabilities to support increasing demand from OEM and replacement tire markets.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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