Learn about the global tire cord fabrics market through The Business Research Company, which provides information on tire cord fabrics market size, tire cord fabrics market drivers and restraints, tire cord fabrics market players, the COVID-19 impact on the tire cord fabrics market, and more.

The global tire cord fabrics market size is expected to grow from $5.17 billion in 2021 to $5.40 billion in 2022 at a compound annual growth rate (CAGR) of 4.51%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global tire cord fabric market size is expected to reach $6.54 billion in 2026 at a CAGR of 4.88%.

The increasing production of automobiles is significantly driving the growth of the tire cord fabrics market.

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The tire cord fabrics market consists of the sales of tire cord fabrics by entities (organizations, partnerships, and sole proprietors) that are designed to keep tires in shape, support vehicle weight and enhance durability of tires. Tire cord fabrics are used as reinforcing materials for tires and are treated with a coating mixture that makes it easier to absorb rubber impregnation and become a part of a rubber tire.

Global Tire Cord Fabrics Market Segments Include:

By Material: Nylon, Polyester, Rayon, Others

By Vehicle Type: HCV, LCV, Passenger Cars, Off-Road Vehicles and Two-Wheelers

By Tire Type: Radial, Bia

By Application: Automotive, Aircrafts, Industrial Products, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the tire cord fabrics market in 2021 and is also expected to be the fastest-growing region in the global tire cord fabrics market during the forecast period.

The rise in the focus for developing more eco-friendly tires is a key trend gaining popularity in the tire cord fabrics market. The major players in the tire cord fabric market are focusing on developing sustainable tire cord fabrics for eco-friendly tires through partnerships and product launches.

TBRC’s tire cord fabrics market report covers:

Major Market Players: Indorama Ventures Company Limited, Kolon Industries, Hyosung Corporation, SRF Ltd., Kordsa Global, Teijin Ltd, Century Enka Limited, Toray Hybrid Cord, Bekaert Corporation, Cordenka GmbH & Co. KG, Firestone Fibers & Textile Company, Shenma Indstrial Co. Ltd, Far Eastern Group, Teijin Aramid B.V., Hyosung Advanced Materials, Tokusen U.S.A., Asahi Kasei Corporation, Baygold Group Ltd., Colmant Coated Fabrics, Formosa Taffeta Co., Ltd., Glanzstoff Textilcord, Hanoi Industrial Textile Jsc, and Henan Hengxing Science & Technology Co.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Tire Cord Fabrics Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides tire cord fabrics market overviews, analyzes and forecasts market size, share, tire cord fabrics market players, tire cord fabrics market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s tire cord fabrics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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