Tire Cord Market to Grow at 17.6% CAGR by 2030, Driven by High-Performance Tires and Eco-Friendly Manufacturing
Tire Cord Market to Grow at 17.6% CAGR by 2030, Driven by High-Performance Tires and Eco-Friendly Manufacturing
The demand for tire cords is increasing due to the growth of the automotive industry and the need for high-performance tires.

Tire Cord Market Report Overview

The tire cord market is expected to grow significantly in the coming years, driven by the increasing demand for high-performance tires, the growth of the automotive industry, and the rising production of automobiles in the Asia-Pacific region. Tire cords reinforce the tired used to maintain a tire's shape. Tire cords are primarily made of nylon, aramid, polyester, steel, rayon, and hybrid. These materials offer several beneficial properties: controlled deformation and abrasion resistance and high tensile strength, contributing to their use as core components. The tire cord is crucial in providing strong support to rubber tires.

Tire Cord Market Dynamics and Trends

The global tire industry is embracing sustainable manufacturing practices in response to rising consumer demand and government regulations. Leading companies such as Continental, Kordsa, and Teijin are investing in research and development to create new and innovative ways to produce tires that are more environmentally friendly.

One example of this trend is the use of recycled materials in tire cord. Chemically recycled Ecopet Plus polyester fibers are now being used in the cords of Toyo Tire & Rubber's Proxes Ne tires, which are specially designed for environmentally oriented passenger cars. This helps to reduce waste and conserve resources.

Another example is the development of sustainable rubber compounds for bonding textile reinforcing materials. This technology, developed by Kordsa Technik Teksil A.S. and Continental A.G., is aimed at use in tire cord materials. It is more environmentally friendly than traditional rubber compounds because it does not involve the use of toxic chemicals.

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In addition, companies are also developing new tire concepts that are designed to be more sustainable. For example, Continental recently unveiled its innovative Conti GreenConcept tire concept at IAA MOBILITY 2021. This concept tire combines current and new technology approaches to producing sustainable tires for passenger cars.

Tire Cord Market Segmentation Analysis

By Material

  • Polyester
  • Nylon
  • Rayon
  • Aramid
  • Polyethylene Terephthalate (PET)
  • Steel
  • Hybrid

By Process

  • Fiber
  • Yarn Twisting
  • Weaving
  • Dipping

By Tire

  • Radial
  • Biased

By Application

  • Light Commercial Vehicles
  • Passenger Cars
  • Heavy-Duty Vehicles
  • Others

By Region

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Major Companies Covered

SRF Limited, Kolon Industries Inc, Tire Cord USA, TEIJIN LIMITED, HYOSUNG, Kordsa Teknik Tekstil A.S., Toray Hybrid Cord, Inc, Century Enka Limited, Firestone Fibers & Textile Company.

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