1. Market Research
  2. > Automotive
  3. > Auto Parts
  4. > Tire Market Trends
Global Tire Cord Industry

Global Tire Cord Industry

  • April 2021
  • 280 pages
  • ID: 5010587
  • Format: PDF
  • Global Industry Analysts


Table of Contents


Timely market intelligence is paramount in these uncertain times!

We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!

- The global market for Tire Cord is projected to reach US$6.5 billion by 2025, sustained by stable opportunities in emerging markets as mature markets saturate in terms of sales potential. Automotive sales in developed and developing markets are on the opposite sides of the wave. Emerging markets will emerge as key revenue generating pockets as global production growth transitions from mature markets to emerging markets, a trend that will only intensify further over the long-term. A large chunk of production growth by 2025 will emerge from China, South Asia, Europe, South America, and Middle East and Africa. Although fraught with volatility, there are opportunities to leverage in the dynamically changing automotive market environment. “Innovation” will become the biggest levers for creating value and for remaining profitable in the changing automobile ecosystem. A strategic blend of product development/innovation, high level of technical knowledge, and robust customer support are vital parameters for success in the evolving future of the automotive value chain.
- Tire cords are reinforcing materials for tires, designed to help tires retain their shape, strength to support the vehicle weight. They are the unsung heroes of tire safety. Steel cords although widely used and popular for their ability to absorb shock, withstand high stress and stability and safety during driving are now being replaced by lightweight rayon cord, nylon dipped cord, and polyester. Steel cords will however continue to dominate and remain popular given the robust penetration of radial tires which require high tensile strength. Spurred by benefits such as high road stability; low rolling resistance; higher retreadability; longer tire life; and higher resistance to punctures, steel cord is used widely in the production of pneumatic radial tires. Demand for tire cord in the replacement market is benefiting from the increase in fleet vehicles as a result of the ride hailing and ride sharing trend. Fleet vehicles typically travel longer vehicle miles, require frequent tire change and thereby create lucrative opportunities for tire cord in the manufacture of aftermarket/replacement tires. Emergence of bio-based and other environmentally sustainable alternatives to traditional tire cord materials will create opportunities for growth in developed markets like Europe which have stringent environment protection regulations. Other major trends influencing the market include continued use and dominance of low cost bias tires in developing Asian countries like India and the ensuing demand for nylon tire cord fabric in commercial vehicles; declining captive in-house tire cord capacity of integrated tire companies and increased opportunities for OE tire cord manufacturers and suppliers; growing R&D investments in tire cord fabrics aimed at offering higher safety, lower weight & increased cost savings. The U.S, China and Europe represent large markets worldwide with a combined share of 57.7% of the global market. As the cash cow for cars, China represents the fastest growing market with a 6.6% CAGR over the analysis period. Asia-Pacific follows next with a CAGR of 6.4% over the analysis period led by growing demand for passenger cars, commercial vehicles and off-road vehicles like construction and agricultural vehicles. While the affluent middle class population drives growth in the passenger cars market, rapid industrialization, urbanization and mechanization of agriculture rank as primary drivers for the growth in demand for off-highway vehicles.

- Select Competitors (Total 50 Featured) -
  • Century Enka Limited
  • CORDENKA GmbH & Co. KG
  • Formosa Taffeta Co., Ltd.
  • Hyosung Group
  • Indorama Ventures Public Company Limited
  • Kolon Industries, Inc.
  • Kordárna Plus, a.s.
  • Kordsa Teknik Tekstil A.S.
  • NV Bekaert SA
  • SRF Limited
  • Teijin Limited

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on