Tire Cord Fabrics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Fiber (Nylon, Viscose Rayon, Polyester, Aramid, Glass, and PVA), Tire Type (Diagonal Tire, Semi Radial Tire, and Radial Tire), Application (Automotive, Aircrafts, Industrial Products, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Tire Cord Fabrics Market Size
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %
Tire Cord Fabrics Market Major Players

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Market Overview

The tire cord fabrics market is expected to grow at a CAGR of over 5% during the forecast period. Major factor driving the market studied is growing demand of tire cord fabrics from automotive. On the flip side, volatility in raw material price and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

  • Growing demand of eco-friendly tires from automotive is forecasted to offer various opportunities for the growth of the market over the forecast period.
  • Tire cord fabrics from automotive application is expected to dominate the market studied over the forecast period.
  • Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.

Scope of the Report

The tire cord fabrics market report includes:

Viscose Rayon
Tire Type
Diagonal Tire
Semi Radial Tire
Radial Tire
Industrial Products
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Growing Demand of Tire Cord Fabric from Automotive Sector

  • Tire cord fabric is a type of industrial fabric which is constructed using high tenacity yarns in the warp direction and yarns of negligible resistance in weft direction which is used to hold warn yarns locked in their position.
  • A tire cord coated fabric provides fundamental properties for tyres used in automotive industry such as controlled deformation, high strength, abrasion resistance, etc.
  • Tire cord fabrics are used as reinforcing materials for tires and designed to keep tires in shape and support vehicle weight, having a significant impact on tire performance.
  • Improving road infrastructure and rising disposable income of the middle-class consumers are driving the vehicles market in the developing countries.
  • Hence, owing to the above-mentioned factors, the application of tire cord fabrics from automotive is likely to dominate during the forecast period.
Tire Cord Fabrics Market Trends

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market for tire cord fabrics during the forecast period. The rising demand of tire cord fabrics from automotive and growing application in industrial sector in countries like China, Japan and India is expected to drive the demand for tire cord fabrics in this region.
  • The largest producers of tire cord fabrics are located in Asia-Pacific region. Some of the leading companies in the production of tire cord fabrics are Kolon Industries, Inc, Bekaert , SRF Limited, Indorama Ventures Public Company Limited and HYOSUNG ADVANCED MATERIALS among others.
  • Additionally, the demand for commercial vehicles has been continually increasing owing to the growing e-commerce (resulting in growth in the logistics industry), construction, and mining industries.
  • Overall India domestic automobiles sales increased at 6.71% CAGR between FY13-19 with 26.27 million vehicles getting sold in FY19.
  • Increasing civil aircraft fleet steadily boosts the demand of tire cord fabric in China. Moreover, in the next 20 years, the Chinese airline companies are planning to purchase about 7,690 new aircraft, which are valued at about USD 1.2 trillion.
  • Owing to the above-mentioned factors, the market for tire cord fabrics in the Asia-Pacific region is projected to grow significantly during the study period.
Tire Cord Fabrics Market Analysis

Competitive Landscape

The global tire cord fabrics market is partially fragmented in nature with only few major players dominating the market. Some of the major companies are Kolon Industries, Inc, Bekaert , SRF Limited, Indorama Ventures Public Company Limited and HYOSUNG ADVANCED MATERIALS among others.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growing Demand of Tire Cord Fabrics from Automotive Sector

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Volatility in Raw Material Price

      2. 4.2.2 Fluctuating Growth of Automotive Sector

      3. 4.2.3 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition


    1. 5.1 Fiber

      1. 5.1.1 Nylon

      2. 5.1.2 Viscose Rayon

      3. 5.1.3 Polyester

      4. 5.1.4 Aramid

      5. 5.1.5 Glass

      6. 5.1.6 PVA

    2. 5.2 Tire Type

      1. 5.2.1 Diagonal Tire

      2. 5.2.2 Semi Radial Tire

      3. 5.2.3 Radial Tire

    3. 5.3 Application

      1. 5.3.1 Automotive

      2. 5.3.2 Aircrafts

      3. 5.3.3 Industrial Products

      4. 5.3.4 Others

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.4.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Bekaert

      2. 6.4.2 Century Enka Limited

      3. 6.4.3 Cordenka GmbH & Co KG

      4. 6.4.4 Far Eastern Group

      5. 6.4.5 Firestone Fibers & Textiles


      7. 6.4.7 Indorama Ventures Public Company Limited

      8. 6.4.8 Kolon Industries, Inc.

      9. 6.4.9 KORDRNA Plus a.s

      10. 6.4.10 Milliken & Company

      11. 6.4.11 SRF Limited

      12. 6.4.12 TEIJIN LIMITED

      13. 6.4.13 TORAY INDUSTRIES, INC

    5. *List Not Exhaustive

    1. 7.1 Growing Demand of Eco Friendly Tires from Automotive

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Tire Cord Fabrics Market market is studied from 2016 - 2026.

The Tire Cord Fabrics Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

Indorama Ventures Public Company Limited, Kolon Industries, Inc, SRF Limited, Bekaert, HYOSUNG ADVANCED MATERIALS. are the major companies operating in Tire Cord Fabrics Market.

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