Tire Cord Market

Tire Cord Market Forecast and Outlook 2025 to 2035

The global tire cord market is projected to reach USD 8.9 billion by 2035, recording an absolute increase of USD 2.7 billion over the forecast period. The market is valued at USD 6.2 billion in 2025 and is set to rise at a CAGR of 3.6% during the assessment period.

The market size is expected to grow by nearly 1.4 times during the same period, supported by increasing demand for automotive applications and advanced tire technologies worldwide, driving demand for specialized reinforcement materials and increasing investments in manufacturing infrastructure and automotive industry developments globally. Raw material price volatility and supply chain complexities may pose obstacles to market expansion.

Quick Stats for Tire Cord Market

• Tire Cord Market Value (2025): USD 6.2 billion
• Tire Cord Market Forecast Value (2035): USD 8.9 billion
• Tire Cord Market Forecast CAGR: 3.6%
• Leading Material in Tire Cord Market: Nylon 66 (45%)
• Key Growth Regions in Tire Cord Market: Asia Pacific, Europe, and North America
• Top Players in Tire Cord Market: Kordsa, Hyosung, Teijin, Kolon Industries, Toray, SRF, Century Enka, Far Eastern, Formosa Taffeta, Firestone Fibers

Between 2025 and 2030, the tire cord market is projected to expand from USD 6.2 billion to USD 7.3 billion, resulting in a value increase of USD 1.1 billion, which represents 41.0% of the total forecast growth for the decade. This phase of development will be shaped by rising demand for automotive reinforcement solutions and advanced tire manufacturing technologies, product innovation in material processing and cord formulations, as well as expanding integration with tire manufacturing systems and automotive applications. Companies are establishing competitive positions through investment in specialized manufacturing capabilities, advanced material technologies, and strategic market expansion across passenger vehicle, commercial vehicle, and two-wheeler applications.

From 2030 to 2035, the market is forecast to grow from USD 7.3 billion to USD 8.9 billion, adding another USD 1.6 billion, which constitutes 59.0% of the ten-year expansion. This period is expected to be characterized by the expansion of specialized automotive applications, including advanced reinforcement systems and next-generation material solutions tailored for specific tire requirements, strategic collaborations between tire cord manufacturers and automotive companies, and an enhanced focus on manufacturing efficiency standards and material performance optimization protocols. The growing emphasis on automotive technologies and tire performance enhancement will drive demand for comprehensive tire cord solutions across diverse automotive applications.

Tire Cord Market Key Takeaways

Metric	Value
Market Value (2025)	USD 6.2 billion
Market Forecast Value (2035)	USD 8.9 billion
Forecast CAGR (2025-2035)	3.6%

Why is the Tire Cord Market Growing?

The tire cord market grows by enabling automotive and tire manufacturing companies to optimize reinforcement performance while accessing specialized material technologies without substantial in-house infrastructure investment. Tire manufacturers and automotive companies face mounting pressure to develop efficient reinforcement systems and advanced tire solutions while managing complex operational requirements, with specialized tire cords typically providing 25-35% improvement in tire performance compared to conventional alternatives, making advanced material technologies essential for competitive automotive positioning. The automotive industry's need for efficiency standards and application-specific material capabilities creates demand for comprehensive reinforcement solutions that can provide superior performance, maintain consistent quality standards, and ensure reliable operation without compromising tire effectiveness or operational performance.

Government initiatives promoting automotive development and advanced manufacturing technologies drive adoption in passenger vehicle applications, commercial vehicle solutions, and two-wheeler manufacturing, where material quality has a direct impact on tire operations and long-term performance effectiveness. Processing complexity constraints during large-scale tire manufacturing projects and the expertise requirements for specialized material integration may limit accessibility among smaller tire companies and developing regions with limited technical infrastructure for advanced tire cord processing systems.

Segmental Analysis

The market is segmented by material, tire type, end use, and region. By material, the market is divided into nylon 66, polyester, and steel. Based on tire type, the market is categorized into radial and bias. By end use, the market includes passenger cars, commercial vehicles, and two-wheelers. Regionally, the market is divided into Asia Pacific, Europe, North America, and other key regions.

By Material, the Nylon 66 Segment Accounts for a Dominant Market Share

The nylon 66 segment represents the dominant force in the tire cord market, capturing approximately 45% of total market share in 2025. This established material category encompasses solutions featuring advanced polymer formulations and specialized processing techniques, including specialized mechanical properties and manufacturing processes that enable superior reinforcement benefits and operational outcomes across all tire applications. The nylon 66 segment's market leadership stems from its proven performance capabilities, with solutions capable of addressing diverse automotive requirements while maintaining consistent quality standards and manufacturing effectiveness across all tire environments.

The polyester segment maintains a substantial 40.0% market share, serving tire manufacturing projects that require specialized material solutions with enhanced durability properties for large-scale automotive applications and tire installations. These solutions offer advanced mechanical capabilities for complex tire applications while providing sufficient performance characteristics to meet passenger and commercial vehicle demands. The steel segment accounts for approximately 15.0% of the market, serving specialized applications requiring specific performance combinations or heavy-duty reinforcement configurations.

Key material advantages driving the nylon 66 segment include:

• Advanced polymer technology with integrated mechanical properties that enhances reinforcement effectiveness and ensures consistent manufacturing characteristics
• Established processing methods allowing streamlined production workflows across different tire types without extensive processing requirements
• Enhanced durability capabilities enabling diverse automotive formats while maintaining material integrity and performance reliability
• Superior market acceptance providing optimal reinforcement performance for various tire manufacturing and automotive applications

By Tire Type, the Radial Segment Accounts for the Largest Market Share

Radial applications dominate the tire cord market with approximately 65% market share in 2025, reflecting the critical role of radial tire construction in supporting specialized performance requirements and automotive applications worldwide. The radial segment's market leadership is reinforced by increasing automotive trends, tire technology requirements, and rising needs for specialized reinforcement capabilities in tire applications across developed and emerging markets.

The bias segment represents the second-largest tire type category, capturing 35.0% market share through specialized requirements for traditional tire construction, cost-effective manufacturing, and specific automotive applications. This segment benefits from growing regional demand that requires specific construction requirements, manufacturing accessibility standards, and performance optimization protocols in automotive markets.

Key market dynamics supporting tire type growth include:

• Radial expansion driven by automotive performance optimization and tire technology advancement, requiring specialized reinforcement solutions in emerging automotive markets
• Bias modernization trends require integrated construction systems for competitive differentiation and manufacturing innovation development
• Integration of advanced tire technologies enabling enhanced reinforcement capabilities and automated production systems
• Growing emphasis on automotive efficiency driving demand for specialized, validated reinforcement solutions without traditional performance limitations

By End Use, the Passenger Cars Segment Accounts for the Largest Market Share

Passenger cars applications dominate the tire cord market with approximately 50% market share in 2025, reflecting the critical role of passenger vehicle tires in supporting specialized automotive requirements and transportation applications worldwide. The passenger cars segment's market leadership is reinforced by increasing vehicle production trends, automotive modernization requirements, and rising needs for specialized reinforcement capabilities in passenger vehicle applications across developed and emerging markets.

The commercial vehicles segment represents the second-largest end use category, capturing 35.0% market share through specialized requirements for heavy-duty applications, commercial transportation, and logistics vehicle applications. This segment benefits from growing commercial demand that requires specific load-bearing requirements, durability performance standards, and operational optimization protocols in commercial markets.

The two-wheelers segment accounts for 15.0% market share, serving motorcycle applications, scooter manufacturing, and specialized two-wheeler transportation across different regional markets.

Key market dynamics supporting end use growth include:

• Passenger cars expansion driven by automotive production growth and vehicle modernization, requiring specialized reinforcement solutions in emerging automotive markets
• Commercial vehicles modernization trends require robust, integrated reinforcement systems for competitive differentiation and transportation innovation development
• Integration of advanced automotive technologies enabling enhanced tire capabilities and automated manufacturing systems
• Growing emphasis on transportation efficiency driving demand for specialized, validated reinforcement solutions without traditional performance limitations

What are the Drivers, Restraints, and Key Trends of the Tire Cord Market?

The market is driven by three concrete demand factors tied to automotive and tire manufacturing outcomes. First, automotive production development and advanced tire solutions create increasing demand for specialized reinforcement systems, with performance improvement of 25-35% annually in major automotive facilities worldwide, requiring comprehensive tire cord infrastructure. Second, government initiatives promoting automotive development and advanced manufacturing methods drive increased adoption of reinforcement technologies, with many countries implementing automotive efficiency programs and regulatory frameworks for tire manufacturing development by 2030. Third, technological advancements in material processing and cord formulations enable more efficient and effective reinforcement solutions that improve tire performance while reducing operational costs and manufacturing complexity.

Market restraints include complex processing requirements and validation costs for hybrid material platforms that can challenge market participants in developing compliant manufacturing capabilities, particularly in regions where regulatory pathways for advanced tire cord technologies remain evolving and uncertain. Technical complexity of specialized material systems and processing requirements pose another significant challenge, as tire cords demand sophisticated manufacturing processes and application controls, potentially affecting production costs and operational efficiency. Performance variability constraints for different environmental conditions across different regions create additional operational challenges for manufacturers, demanding ongoing investment in material development and performance assurance programs.

Key trends indicate accelerated adoption in Asia-Pacific markets, particularly India and China, where automotive expansion and tire manufacturing modernization drive comprehensive tire cord adoption. Technology integration trends toward advanced material systems with enhanced performance characteristics, improved processing capabilities, and integrated manufacturing solutions enable effective automotive approaches that optimize tire efficiency and minimize manufacturing risks. The market thesis could face disruption if significant advances in alternative reinforcement materials or major changes in tire technologies reduce reliance on traditional tire cord methods.

Analysis of the Tire Cord Market by Key Country

Country	CAGR (%)
India	5.0%
China	4.0%
Brazil	3.2%
Germany	2.9%
USA	2.8%
South Korea	3.0%
Japan	2.4%

The global tire cord market is expanding steadily, with India leading at a 5.0% CAGR through 2035, driven by automotive growth, government manufacturing initiatives, and advanced tire manufacturing platforms. China follows at 4.0%, supported by automotive modernization, large-scale tire production programs, and manufacturing capacity initiatives. Brazil records 3.2%, reflecting growing automotive landscape with increasing integration in tire manufacturing and vehicle production sectors. South Korea advances at 3.0%, focusing on technology integration and automotive modernization. Germany grows at 2.9%, anchored by advanced automotive manufacturing and strong tire industry pipelines. USA posts 2.8%, leveraging established automotive infrastructure and manufacturing optimization, while Japan grows steadily at 2.4%, emphasizing material precision and automotive excellence.

India Leads Global Market Expansion

India demonstrates the strongest growth potential in the tire cord market with a CAGR of 5.0% through 2035. The country's leadership position stems from automotive sector expansion, government-backed manufacturing initiatives, and comprehensive automotive regulations driving the adoption of advanced reinforcement solutions. Growth is concentrated in major automotive and manufacturing centers, including Mumbai, Delhi, Chennai, and Pune, where automotive companies and tire manufacturers are implementing advanced tire cord systems for enhanced production efficiency and operational performance. Distribution channels through automotive suppliers and material providers expand deployment across manufacturing projects and automotive development initiatives. The country's Ministry of Heavy Industries provides policy support for automotive technology modernization, including comprehensive manufacturing capability development.

Key market factors:

• Automotive sector expansion concentrated in manufacturing centers and industrial districts with comprehensive production development programs
• Government support through automotive initiatives and manufacturing infrastructure incentives
• Comprehensive automotive technology ecosystem, including established material suppliers with proven capabilities
• Technology integration featuring advanced reinforcement platforms, automotive systems, and manufacturing optimization technologies

China Emerges as High-Growth Market

In major automotive and manufacturing centers including Beijing, Shanghai, Guangzhou, and Chongqing, the adoption of comprehensive tire cord solutions is accelerating across automotive projects and tire manufacturing initiatives, driven by production scaling and government automotive programs. The market demonstrates strong growth momentum with a CAGR of 4.0% through 2035, linked to comprehensive automotive modernization and increasing focus on tire manufacturing efficiency solutions. Chinese companies are implementing advanced material systems and reinforcement platforms to enhance tire performance while meeting growing demand in expanding passenger vehicle and commercial vehicle sectors. The country's automotive development initiatives create continued demand for tire cords, while increasing emphasis on innovation drives adoption of advanced material systems.

Key development areas:

• Automotive facilities and tire manufacturing centers leading material adoption with comprehensive production programs
• Automotive services channels providing integrated solutions with 90% performance compliance rates
• Technology partnerships between tire cord companies and automotive enterprises are expanding market reach
• Integration of advanced automotive platforms and comprehensive manufacturing systems

Brazil Shows Automotive Innovation Leadership

Tire cord market expansion in Brazil is driven by diverse automotive demand, including vehicle production development in major cities and comprehensive automotive projects across multiple regions. The country demonstrates strong growth potential with a CAGR of 3.2% through 2035, supported by federal automotive programs and industry-level manufacturing development initiatives. Brazilian companies face implementation challenges related to material complexity and processing scaling requirements, requiring strategic development approaches and support from specialized reinforcement partners. Growing automotive demands and tire manufacturing requirements create compelling business cases for tire cord adoption, particularly in automotive areas where advanced materials have a direct impact on operational success and competitive positioning.

Market characteristics:

• Automotive and tire manufacturing segments showing robust growth with 25% annual increase in tire cord utilization
• Regional expansion trends focused on automotive areas in major manufacturing and production regions
• Future projections indicate the need for advanced material infrastructure and processing specialist training programs
• Growing emphasis on automotive efficiency innovation and manufacturing competitiveness in tire operations

Germany Demonstrates Material Excellence

The Germany market leads in advanced material innovation based on integration with automotive systems and precision manufacturing technologies for enhanced performance quality. The country shows strong potential with a CAGR of 2.9% through 2035, driven by the modernization of existing automotive infrastructure and the expansion of advanced tire manufacturing facilities in major industrial areas, including Bavaria, Baden-Württemberg, North Rhine-Westphalia, and Lower Saxony. German companies are adopting intelligent material systems for quality improvement and efficiency enhancement, particularly in regions with advanced automotive requirements and tire applications demanding comprehensive technology upgrades. Technology deployment channels through established automotive institutions and tire manufacturers expand coverage across commercial facilities and innovation-focused applications.

Leading market segments:

• Automotive modernization projects in major industrial centers are implementing comprehensive material upgrades
• Tire manufacturing partnerships with material providers, achieving 95% performance improvement rates
• Strategic collaborations between tire cord companies and automotive operations are expanding market presence
• Focus on precision manufacturing systems and specialized automotive requirements

USA Shows Automotive Integration Leadership

Tire cord market in the USA demonstrates established and innovation-focused landscape, characterized by growing integration of material systems with existing automotive infrastructure across tire manufacturing projects, production networks, and modernization initiatives. USA's emphasis on automotive excellence and tire innovation drives demand for advanced material solutions that support comprehensive automotive initiatives and manufacturing requirements in tire operations. The market benefits from partnerships between international material providers and domestic automotive leaders, creating service ecosystems that prioritize automotive excellence and quality programs. Automotive centers in major regions showcase developing material implementations where reinforcement systems achieve efficiency improvements through integrated manufacturing programs.

South Korea Emphasizes Technology Integration

In Seoul, Daejeon, Ulsan, and other major cities, automotive facilities are implementing comprehensive tire cord solutions to modernize existing tire manufacturing infrastructure and improve production capabilities, with documented case studies showing a 45% improvement in operational timelines through advanced material integration. The market shows strong growth potential with a CAGR of 2.8% through 2035, linked to the ongoing modernization of automotive facilities, tire manufacturing networks, and emerging production projects in major regions. Korean companies are adopting intelligent material and processing platforms to enhance tire reliability while maintaining standards demanded by the passenger vehicle and commercial vehicle industries. The country's established automotive infrastructure creates continued demand for material development and modernization solutions that integrate with existing tire manufacturing systems.

Market development factors:

• Automotive facilities and tire manufacturing networks leading material initiatives across South Korea
• Technology programs providing government funding support for automotive and tire manufacturing infrastructure upgrades
• Strategic partnerships between Korean automotive companies and international material providers are expanding technical capabilities
• Emphasis on manufacturing excellence and automotive applications across tire production projects

Japan Shows Material Technology Leadership

Tire cord market in Japan demonstrates advanced implementation focused on material precision and automotive performance optimization, with documented integration of specialized manufacturing systems, achieving 40% improvement in tire efficiency across automotive and commercial vehicle facilities. The country maintains steady growth momentum with a CAGR of 2.4% through 2035, driven by automotive facilities' emphasis on quality excellence and continuous operational methodologies that align with Japanese automotive standards applied to material operations. Major automotive areas, including Kanto, Kansai, Chubu, and Kyushu, showcase advanced deployment of material platforms where reinforcement systems integrate seamlessly with existing automotive infrastructure and comprehensive quality management programs.

Key market characteristics:

• Automotive facilities and tire manufacturing centers are driving advanced material requirements with emphasis on quality and performance optimization
• Quality partnerships enabling 98% operational compliance with comprehensive manufacturing programs
• Automotive collaboration between Japanese companies and international material providers is expanding market capabilities
• Emphasis on quality requirements and continuous operational methodologies

Europe Market Split by Country

The tire cord market in Europe is projected to grow from USD 5.2 billion in 2025 to USD 7.4 billion by 2035, with significant country-level distribution. Germany maintains its leadership position with USD 1.3 billion in 2025, supported by its extensive automotive infrastructure, advanced tire manufacturing facilities, and comprehensive automotive networks serving major European markets.

United Kingdom follows with USD 900.0 million in 2025, driven by comprehensive automotive programs in major manufacturing regions implementing advanced material systems. France holds USD 700.0 million in 2025 through the ongoing development of automotive facilities and tire manufacturing networks. Italy commands USD 520.0 million, while Spain accounts for USD 400.0 million in 2025. The Rest of Europe region represents USD 1.4 billion in 2025, attributed to increasing material adoption in Nordic countries and emerging Eastern European automotive facilities implementing tire manufacturing programs.

Material Technology Dominates Automotive Demand in Japan

The Japanese tire cord market demonstrates a mature and quality-focused landscape, characterized by advanced integration of nylon technology with existing automotive infrastructure across tire manufacturing facilities, production networks, and automotive initiatives. Japan's emphasis on quality excellence and precision manufacturing drives demand for high-reliability material solutions that support comprehensive automotive initiatives and regulatory requirements in tire operations. The market benefits from strong partnerships between international material providers like Kordsa, Hyosung, and domestic automotive leaders, including established tire manufacturing and automotive companies, creating comprehensive service ecosystems that prioritize material quality and technical precision programs. Automotive centers in major industrial regions showcase advanced material implementations where reinforcement systems achieve quality improvements through integrated monitoring programs.

Technology Providers Lead Material Services in South Korea

The South Korean tire cord market is characterized by strong international technology provider presence, with companies like Kordsa, Hyosung, and Kolon Industries maintaining dominant positions through comprehensive system integration and technical services capabilities for automotive and tire manufacturing applications. The market is demonstrating a growing emphasis on localized technical support and rapid deployment capabilities, as Korean companies increasingly demand customized solutions that integrate with domestic automotive infrastructure and advanced material systems deployed across major automotive centers and tire manufacturing facilities. Local automotive companies and regional tire manufacturing integrators are gaining market share through strategic partnerships with global providers, offering specialized services including technical training programs and certification services for material specialists.

Competitive Landscape of the Tire Cord Market

The tire cord market features approximately 20-25 meaningful players with moderate concentration, where the top three companies control roughly 35-45% of global market share through established material portfolios and extensive automotive industry relationships. Competition centers on material capability, performance quality, and technical expertise rather than price competition alone.

Market leaders include Kordsa, Hyosung, and Teijin, which maintain competitive advantages through comprehensive tire cord portfolios, advanced material capabilities, and deep expertise in the automotive and tire manufacturing sectors, creating high switching costs for customers. These companies leverage established automotive relationships and ongoing development partnerships to defend market positions while expanding into adjacent automotive and tire applications.

Challengers encompass Kolon Industries and Toray, which compete through specialized material technologies and strong regional presence in key automotive markets. Material specialists, including SRF, Century Enka, and Far Eastern, focus on specific reinforcement technologies or vertical applications, offering differentiated capabilities in passenger vehicle systems, commercial vehicle solutions, and application-specific installations.

Regional players and emerging material companies create competitive pressure through innovative manufacturing approaches and rapid development capabilities, particularly in high-growth markets including India and China, where local presence provides advantages in cost optimization and regulatory compliance. Market dynamics favor companies that combine advanced material technologies with comprehensive automotive services that address the complete manufacturing lifecycle from processing through ongoing performance assurance and technical support.

Global Tire Cord Market - Stakeholder Contribution Framework

Tire cord solutions represent a critical automotive technology that enables tire manufacturers, automotive companies, and vehicle operators to enhance reinforcement efficiency and operational quality without substantial ongoing material investment, typically providing 25-35% improvement in tire performance compared to conventional alternatives while ensuring unprecedented reinforcement capabilities and operational compliance. With the market projected to grow from USD 6.2 billion in 2025 to USD 8.9 billion by 2035 at a 3.6% CAGR, these solutions offer compelling advantages - superior performance, enhanced efficiency, and reinforcement capabilities - making them essential for passenger cars applications (50.0% market share), radial tire operations (65.0% share), and diverse automotive applications seeking reliable material solutions. Scaling market penetration and material capabilities requires coordinated action across automotive policy, tire manufacturing standards, material providers, automotive companies, and tire manufacturing institutions.

How Governments Could Spur Local Development and Adoption?

• Automotive Technology Programs: Include material capabilities in national automotive development initiatives, providing targeted funding for specialized manufacturing facilities in automotive regions and supporting local tire companies through innovation grants and development support.
• Tax Policy & R&D Support: Implement accelerated depreciation schedules for material equipment, provide tax incentives for companies investing in advanced automotive and manufacturing technologies, and establish favorable automotive accounting standards that encourage specialized material adoption over conventional approaches.
• Regulatory Framework Development: Create streamlined approval processes for tire cords across automotive and tire manufacturing applications, establish clear performance quality frameworks for specialized materials, and develop international harmonization protocols that facilitate cross-border automotive projects.
• Skills Development & Training: Fund vocational programs for material technicians, manufacturing specialists, and automotive professionals. Invest in technology transfer initiatives that bridge automotive innovation with commercial material development and quality optimization systems.
• Market Access & Competition: Establish procurement policies that favor advanced material solutions for government automotive applications, support automotive development through material modernization programs, and create regulatory environments that encourage innovation in reinforcement technologies.

How Industry Bodies Could Support Market Development?

• Material Standards & Certification: Define standardized performance metrics for tire cords across automotive, tire manufacturing, and vehicle applications, establish universal quality and performance protocols, and create certification programs for material performance that companies can rely on.
• Market Education & Best Practices: Lead messaging that demonstrates material advantages, emphasizing improved automotive performance, enhanced operational compliance, and superior reinforcement efficiency compared to conventional material alternatives.
• Technology Integration Standards: Develop interoperability standards for material systems, automotive compatibility guidelines, and tire manufacturing platforms, ensuring seamless integration across different automotive environments and regulatory requirements.
• Professional Development: Run certification programs for material specialists, manufacturing technicians, and technical service teams on optimizing reinforcement performance, quality compliance, and automotive applications in competitive tire manufacturing markets.

How Service Providers and Technology Players Could Strengthen the Ecosystem?

• Advanced Material Development: Develop next-generation reinforcement platforms with enhanced material capabilities, improved automated features, and application-specific characteristics that enhance automotive reliability while reducing operational complexity.
• Intelligence Platforms: Provide comprehensive material software that integrates performance monitoring, quality tracking, predictive analytics, and automotive optimization, enabling companies to maximize reinforcement efficiency and quality compliance effectiveness.
• Service & Support Networks: Offer flexible support programs for automotive companies and tire manufacturers, including technical training options, performance consultation services, and material optimization pathways that keep reinforcement systems current with automotive demands.
• Research & Development Networks: Build comprehensive R&D capabilities, collaborative material innovation programs, and application development systems that ensure reinforcement technologies maintain high quality standards and consistent performance across diverse automotive environments.

How Suppliers Could Navigate the Shift?

• Diversified Material Portfolios: Expand reinforcement offerings across passenger cars applications (50.0% end use dominance), radial tire operations (65.0% share), and commercial vehicle applications, with particular focus on nylon 66 services (45.0% material dominance) and specialized solutions for automotive requirements.
• Geographic Market Development: Establish operations in high-growth markets like India (5.0% CAGR) and China (4.0% CAGR), while strengthening presence in established markets like Brazil (3.2% CAGR) and Germany (2.9% CAGR) through regional material capabilities and local partnerships.
• Technology-Enabled Services: Implement advanced monitoring systems with real-time performance tracking, automated quality optimization, and predictive material capabilities that differentiate service offerings and improve customer satisfaction and retention.
• Flexible Service Models: Develop standard, premium, and custom material solutions that accommodate varying automotive needs, from cost-effective manufacturing to high-compliance applications for demanding automotive and regulatory requirements.

How Investors and Financial Enablers Could Unlock Value?

• Material Technology Expansion Financing: Provide growth capital for established companies like Kordsa, Hyosung, and Teijin to expand material capacity and development capabilities, particularly in emerging markets with growing automotive demands.
• Innovation Investment: Back startups developing advanced reinforcement systems, next-generation materials, and intelligent tire technologies that enhance automotive industry efficiency and competitive positioning.
• Regional Market Development: Finance market entry and expansion strategies for material companies establishing operations in high-growth regions, supporting localization initiatives that reduce manufacturing costs while maintaining quality standards.
• Consolidation & Scale Opportunities: Support strategic acquisitions and market consolidation that create economies of scale, improve material capabilities, and enhance competitive positioning against fragmented regional providers across multiple geographic markets.

Key Players in the Tire Cord Market

• Kordsa
• Hyosung
• Teijin
• Kolon Industries
• Toray
• SRF
• Century Enka
• Far Eastern
• Formosa Taffeta
• Firestone Fibers
• Milliken
• DuPont
• Nexfil
• Madura Industrial Textiles
• CORDENKA

Scope of the Report

Items	Values
Quantitative Units (2025)	USD 6.2 billion
Material	Nylon 66, Polyester, Steel
Tire Type	Radial, Bias
End Use	Passenger Cars, Commercial Vehicles, Two-wheelers
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East & Africa
Country Covered	India, China, USA, Germany, South Korea, Japan, Brazil, and 40+ countries
Key Companies Profiled	Kordsa, Hyosung, Teijin, Kolon Industries, Toray, SRF, Century Enka, Far Eastern, Formosa Taffeta, Firestone Fibers, Milliken, DuPont, Nexfil, Madura Industrial Textiles, CORDENKA
Additional Attributes	Dollar sales by material and tire type categories, regional adoption trends across Asia Pacific, Europe, and North America, competitive landscape with material providers and automotive companies, manufacturing facility requirements and specifications, integration with automotive management initiatives and tire manufacturing platforms, innovations in material technology and reinforcement systems, and development of specialized applications with performance quality and operational optimization capabilities.

Tire Cord Market by Segments

• Material :

  • Nylon 66
  • Polyester
  • Steel

• Tire Type :

  • Radial
  • Bias

• End Use :

  • Passenger Cars
  • Commercial Vehicles
  • Two-wheelers

• Region :

  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
    • ASEAN
    • Rest of Asia Pacific
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Nordic
    • BENELUX
    • Rest of Europe
  • North America
    • United States
    • Canada
    • Mexico
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East & Africa
    • Kingdom of Saudi Arabia
    • Other GCC Countries
    • Turkey
    • South Africa
    • Other African Union
    • Rest of Middle East & Africa