Tire Cord Fabric Market to Grow with a CAGR of 6.15% through 2030

Expanding Automotive Production and Vehicle Parc and Increasing Replacement Tire Demand are expected to drive the Global Tire Cord Fabric Market growth in the forecast period, 2026-2030

According to TechSci Research report, “Tire Cord Fabric Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Tire Cord Fabric Market stood at USD 5.75 Billion in 2024 and is anticipated to grow with a CAGR of 6.15% in the forecast period.

The global shift from bias-ply to radial tires particularly pronounced in emerging markets remains a significant growth accelerator for the tire cord fabric industry. Radial tires depend on advanced reinforcement materials such as high-modulus polyester, nylon 66, and aramid to deliver key performance advantages, including extended tread life, enhanced handling precision, and improved fuel efficiency. This structural transition is driving sustained demand for premium-grade tire cord fabrics across both passenger and commercial vehicle segments.

The market is experiencing rising adoption of high-performance and specialty tires, spanning passenger cars, SUVs, luxury vehicles, and heavy-duty applications for commercial and industrial use. These categories demand reinforcement fabrics engineered to meet rigorous safety, load-bearing, and high-speed performance benchmarks, stimulating innovation and boosting the share of high-value materials in overall consumption.

Electrification is introducing another dimension of growth, as electric and hybrid vehicles impose new tire performance requirements. The additional weight of battery systems, combined with higher torque output and the necessity for low rolling resistance, is pushing demand for specialized tire designs reinforced with fabrics capable of handling greater loads without sacrificing efficiency, ride quality, or durability.

Lessons from recent global supply chain disruptions ranging from trade conflicts to pandemic-related production halts are reshaping manufacturing strategies. Tire cord fabric producers are increasingly adopting a regionalized production model, establishing facilities closer to major tire manufacturing hubs in North America, Europe, and Southeast Asia. This strategic shift lowers logistics costs, shortens delivery timelines, and reduces exposure to geopolitical risks and transport bottlenecks. Over time, localized manufacturing is also expected to support product customization for specific market needs, such as climate-adapted tire designs or compliance with regional regulatory standards, thereby strengthening competitive positioning in target markets.

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The Global Tire Cord Fabric Market is segmented into material, tyre type, vehicle type, application, regional distribution, and company.

Based on the category of Tire Type, the Radial segment emerged as the dominating segment in the market for Tire Cord Fabric in 2024. A key driver of radial tires’ dominance is their extended tread life and lower rolling resistance, which translates into reduced fuel consumption a critical factor for both individual consumers and fleet operators seeking to lower operating costs. These performance benefits are particularly important in regions with stringent fuel economy and emission regulations, where vehicle manufacturers and tire suppliers prioritize efficiency and sustainability. Radial design also enhances ride comfort and stability, meeting the demands of modern vehicles that require precise handling and safety at higher speeds. This makes them the preferred choice for most passenger cars, SUVs, and light trucks worldwide. In commercial vehicle applications, radial tires deliver better heat dissipation, higher load-carrying capacity, and improved retreadability, making them more cost-effective over their service life and further boosting their adoption.

From a manufacturing perspective, radial tires heavily rely on advanced tire cord fabrics such as high-modulus polyester, nylon 66, and steel cords to achieve the necessary strength, flexibility, and adhesion. Continuous advancements in tire cord fabric technology such as high-modulus low-shrink (HMLS) polyester and aramid reinforcements are further enhancing radial tire performance, solidifying their market leadership. As automotive production increasingly standardizes radial tires across markets, and as emerging economies transition away from bias-ply designs, the radial segment’s dominance is expected to strengthen. This positions radial tires and, by extension, the tire cord fabrics that reinforce them as the cornerstone of growth and innovation in the global tire cord fabric industry.

Asia-Pacific is positioned to record the fastest growth in the global tire cord fabric market, driven by a combination of expanding automotive manufacturing capacity, rapid urbanization, rising income levels, and large-scale infrastructure development. The region is home to some of the world’s largest automotive producers, including China, India, Japan, South Korea, and Thailand, all of which serve not only domestic markets but also act as major export hubs for tires and vehicles.

China remains the largest global producer of both vehicles and tires, while India is rapidly scaling its automotive output to meet domestic demand and increase exports. The presence of major tire manufacturers both local players and international brands has fueled consistent demand for tire cord fabrics. Proximity to raw material suppliers, such as petrochemical plants producing polyester and nylon, further supports cost-efficient, high-volume production in the region. Urbanization and increasing disposable incomes across emerging economies are boosting sales of passenger cars, SUVs, and two-wheelers. As the regional vehicle parc expands, the replacement tire market is gaining momentum, creating recurring demand for tire cord fabrics. In markets like India and Southeast Asia, where road and climate conditions accelerate tire wear, replacement cycles are shorter, further amplifying consumption.

Major companies operating in Global Tire Cord Fabric Market are:

• Toray Hybrid Cord,Inc.
• Benninger AG
• Century Enka Limited
• Kolon Industries, Inc.
• SRF Ltd.
• Bekaert SA
• Hyosung Advanced Materials Corp.
• Cordenka GmbH & Co KG
• Madura Industrial Textiles Ltd.
• Junma Tyre Cord Company Limited

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“The global tire cord fabric market is set to witness steady, long-term expansion, fueled by the transition toward radial and high-performance tires, accelerating vehicle electrification, and sustained growth in automotive production across emerging economies. As manufacturers increasingly focus on advanced reinforcement materials to meet evolving performance, safety, and efficiency requirements, the market will continue to attract strategic investments in technology, capacity expansion, and regionalized production. Companies that align product innovation with shifting industry trends while strengthening supply chain resilience will be best positioned to capture market share and secure a competitive edge in this evolving landscape.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Tire Cord Fabric Market - Global Industry Size, Share, Trends, Opportunity & Forecast, Segmented By Material (Nylon, Polyester, Rayon, Others), By Tire Type (Radial, Bias), By Vehicle Type (Passenger Cars, Commercial Vehicles, Others), By Application (OEM, Replacement), By Region & Competition, 2020-2030F”, has evaluated the future growth potential of Global Tire Cord Fabric Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Tire Cord Fabric Market.

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