Tire Cord Fabrics Market Size, Share, and Growth Analysis, By Material (Nylon, Polyester), By Tire Type (Radial Tires, Bias Tires), By Application, By Vehicle Type, By Region - Industry Forecast 2025-2032

Tire Cord Fabrics Market size was valued at USD 6.1 billion in 2023 and is poised to grow from USD 6.48 billion in 2024 to USD 10.57 billion by 2032, growing at a CAGR of 6.3% during the forecast period (2025-2032).

The global tire cord fabrics market is poised for significant growth, driven by increasing vehicle sales, heightened demand for high-performance tires, and advancements in tire manufacturing technologies. The automotive sector's expansion, fueled by urbanization and rising disposable incomes, underpins this trend, as consumers seek durable and fuel-efficient options. The shift towards electric vehicles (EVs) further opens new avenues for lightweight, high-strength tire cord fabrics. Innovations such as self-sealing and run-flat tires are boosting the quality of reinforcement fabrics. However, challenges like fluctuating raw material costs, environmental regulations, and supply chain disruptions may hinder market potential. Noteworthy investments from companies like Hyosung and Hailide indicate a strategic pivot towards sustainability and capacity enhancement, positioning them favorably in this evolving landscape.

Top-down and bottom-up approaches were used to estimate and validate the size of the Tire Cord Fabrics market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Tire Cord Fabrics Market Segments Analysis

Global Tire Cord Fabrics Market is segmented by Material, Tire Type, Application, Vehicle Type and region. Based on Material, the market is segmented into Nylon, Polyester, Rayon and Others. Based on Tire Type, the market is segmented into Radial Tires and Bias Tires. Based on Application, the market is segmented into OEM and Replacement. Based on Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Tire Cord Fabrics Market

The Tire Cord Fabrics market is significantly driven by the rising number of vehicle owners who frequently replace their tires due to various factors such as road wear, adverse climate conditions, and stringent regulatory safety standards. This heightened focus on road safety on a global scale further encourages tire replacements, positively impacting the overall outlook of the tire cord fabrics market. Tire cord fabrics play a crucial role in both new and retreaded tires, making them essential for ensuring safety and performance. Consequently, the growing demand for reliable and high-quality tires is bolstering the market for tire cord fabrics.

Restraints in the Tire Cord Fabrics Market

The Tire Cord Fabrics market is encountering certain limitations due to the constraints of traditional materials such as rayon and nylon, which struggle to perform effectively under extreme temperature fluctuations and heavy load situations. As the demand for high-performance tires across various advanced applications continues to rise, manufacturers of tire cord fabrics are compelled to investigate and develop innovative fabric materials that can meet these elevated performance standards. This necessity for advancement and adaptation is inadvertently hindering the overall growth potential of the market, as companies strive to keep pace with evolving consumer requirements while managing the associated challenges.

Market Trends of the Tire Cord Fabrics Market

The Tire Cord Fabrics market is increasingly witnessing a trend towards sustainable practices, as companies strive to differentiate themselves in a competitive landscape. The emphasis on incorporating eco-friendly materials, such as recycled PET, bio-based nylon, and organic cotton, is creating substantial growth opportunities for market players. By developing bio-based tire cord fabrics, manufacturers can not only meet the rising consumer demand for sustainability but also enhance their brand loyalty and market share. This push for greener solutions is expected to influence product development cycles, prompting investments in innovation and waste reduction, ultimately shaping the future of the tire cord fabrics industry.