The global Tire Cord Market is entering a high-growth era, projected to record a compound annual growth rate (CAGR) of 17.6% between 2024 and 2031. As the essential reinforcement component in tires, tire cords — made from polyester, nylon, steel, and aramid — significantly enhance tire strength, stability, and performance across all vehicle types.

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Market Growth and Size Outlook

The tire cord market is expected to surpass USD 6.9 billion in 2024 and reach USD 8.9 billion by 2030, growing at a CAGR of 4.3%. The technical fabrics segment is forecast to grow from USD 5.89 billion in 2025 to USD 18.53 billion by 2034, at a CAGR of 6.3%. This growth reflects a sustained demand across both original equipment manufacturer (OEM) and replacement tire sectors.

Regional Highlights

United States & North America
The US tire cord market is valued at approximately USD 984.5 million in 2024, driven by rising auto production, vehicle parc aging, and stricter safety regulations. The North American market benefits from OEM technological shifts and consumer preferences toward performance and premium tires.

Japan & Asia-Pacific
Japan’s steel tire cord market reached USD 5.2 billion in 2024 and is projected to hit USD 7.9 billion by 2033, growing at a CAGR of 5.2%. The Japanese polyamide tire cord segment is also expanding, from USD 4.1 billion in 2024 to USD 5.8 billion by 2033. Additionally, the tire cord fabrics market in Japan is anticipated to grow from USD 299.3 million in 2024 to USD 376.1 million by 2030.

Asia-Pacific remains the dominant region, fueled by increasing automotive demand, local manufacturing expansion, and investments in advanced reinforcement materials.

Material and Application Trends

Polyester and Nylon Dominate the Market
Polyester currently accounts for the largest revenue share globally. In Japan, it held nearly 54% of the tire cord fabrics market in 2024. Polyester’s favorable mechanical properties, cost-effectiveness, and compatibility with radial tires support its continued growth.

Nylon, known for excellent fatigue and impact resistance, remains a staple in high-performance and heavy-duty tires. Globally, nearly 98% of nylon tire cord production goes into tire reinforcement, with significant consumption in Asia and North America.

Steel and Hybrid Cord Expansion
Steel cord production is also gaining traction, especially in commercial vehicle tires. The global output of steel tire cord is expected to grow from 5.19 million tons in 2025 to 6.32 million tons by 2030, a CAGR of 4.02%. Hybrid materials, combining steel, nylon, and aramid, are being adopted to balance strength and weight requirements, particularly in EVs and ultra-high-performance tires.

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Market Drivers and Growth Opportunities

Automotive Industry Growth
Global automotive production recovery, including passenger cars, commercial trucks, and electric vehicles, is a key market catalyst. OEM tire demand is rebounding, and the replacement segment continues to thrive, particularly in the US, India, and Japan. Heavy-duty transport and long-haul logistics also stimulate demand for durable, high-load-bearing tire cords.

Sustainability and Environmental Regulations
Governmental pressure for reduced emissions and sustainability compliance is pushing manufacturers to develop eco-friendly cord production technologies. Brands are investing in recycled nylon, biodegradable materials, and energy-efficient spinning processes to meet growing environmental expectations.

Electric and Autonomous Vehicles
Tire cords designed for electric and autonomous vehicles require high tensile strength, lighter weight, and reduced rolling resistance. These characteristics are critical to ensure optimal energy use and safety in advanced mobility platforms. As EV sales rise in North America and Asia, the demand for specialized reinforcement cords is expected to grow exponentially.

Innovation in Manufacturing
Leading companies are ramping up production to meet growing demand. Kolon Industries has expanded polyester tire cord capacity in Vietnam by 16,800 tons per year. Similar expansions are underway across Southeast Asia and India. These investments enhance supply chain resilience and support regional auto hubs.

Competitive Landscape

Major tire cord manufacturers include Indorama Ventures, Kordsa, Teijin, SRF Limited, Hyosung, Kolon Industries, Century Enka, Firestone Fibers & Textiles, and Toray Industries. These companies are actively investing in R&D to develop advanced materials such as aramid blends and sustainable polyesters, while also expanding footprint in Asia-Pacific and North America.

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Challenges

Raw Material Price Volatility
Fluctuations in the price of raw materials, especially oil-based polymers like nylon and polyester, pose a significant challenge to manufacturers' profitability.

Supply Chain and Logistics Constraints
Transport disruptions, port congestions, and geopolitical tensions can impact the timely delivery of raw materials and finished goods, affecting global supply chains.

Intense Market Competition
Mid-sized and regional players in Asia offer lower-cost products, pressuring global leaders to innovate and differentiate through quality and sustainability.

Opportunities

• Eco-manufacturing: Bio-based materials and closed-loop recycling processes are gaining traction, particularly in Europe, Japan, and the US.
• Aftermarket Growth: Increasing average vehicle age is driving demand for high-performance replacement tires reinforced with advanced cords.
• OEM Collaborations: Partnerships with tire and automotive companies to co-develop next-gen tires optimized for emerging mobility needs.
• Emerging Markets: India, Southeast Asia, and Africa present untapped demand as vehicle ownership expands and road infrastructure improves.

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Market Outlook

Short-Term (2025–2027)
The tire cord industry is expected to experience steady growth, with steel cords dominating commercial applications and polyester/nylon cords serving the passenger vehicle segment.

Long-Term (2028–2031+)
Continued emphasis on sustainability, EV optimization, and production efficiency will reshape the competitive landscape. The market is likely to surpass USD 10 billion globally before 2033, driven by innovation and regional capacity investments.

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