Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.20 Billion | USD 12.25 Billion | 7.2% | 2024 |
FrequentlyAsked Questions
Tire cord and tire fabrics are strong textile materials used as reinforcement in tires to provide strength, stability, and shape. Made from materials like polyester, nylon, or steel, they help tires withstand pressure, improve durability, and enhance performance.
The global tire cord and tire fabrics market is expected to grow due to increasing production and sales of automobiles worldwide, coupled with the rising demand for high-performance and durable tires.
According to a study, the global tire cord and tire fabrics market size was worth around USD 6.20 Billion in 2024 and is expected to reach USD 12.25 Billion by 2034.
The global tire cord and tire fabrics market is expected to grow at a CAGR of 7.2% during the forecast period.
Asia-Pacific is expected to dominate the tire cord and tire fabrics market over the forecast period.
Leading players in the global tire cord and tire fabrics market include Indorama Ventures Company Limited (Thailand), Kolon Industries Inc. (South Korea), Hyosung Corporation (South Korea), SRF Limited (India), Kordsa Teknik Tekstil A.S. (Turkey), Teijin Limited (Japan), and Toray Industries Inc, among others.
The report explores crucial aspects of the tire cord and tire fabrics market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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