Nylon Tire Cord Fabrics Market Size (2024 - 2029)

The nylon tire cord fabrics market is experiencing growth, driven by increasing demand for passenger and fuel-efficient vehicles, particularly in developing countries. The market's expansion is supported by the rising interest in electric vehicles and advancements in plant-based nylon fabric technology. However, growth is challenged by stringent environmental regulations in the tire industry. The Asia-Pacific region is anticipated to lead the market, with significant growth expected during the forecast period.

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Market Size of Nylon Tire Cord Fabrics Industry

Nylon Tire Cord Fabrics Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Nylon Tire Cord Fabrics Market Companies

*Disclaimer: Major Players sorted in no particular order

Nylon Tire Cord Fabrics Market Analysis

The Global Nylon Tire Cord Fabrics Market is projected to register a CAGR of over 4% during the forecast period (2022-2027).

COVID-19 negatively impacted the market in 2020. The COVID-19 pandemic affected the nylon tire cord fabrics market because of disruption in the supply chain globally. During the pandemic, many factories responsible for raw material production, mainly chemicals like adipic acid, for the nylon tire cord fabrics industry were shut down. There was also a change in priority to the health sector and sectors like tire manufacturing and the automotive industry were on temporary hold. In the automotive industry, nylon tire cord fabric is used for providing longer life, improved safety, and weight reduction to vehicles. However, the post-pandemic increase in demand for electric vehicles due to favorable government policies is expected to boost the market for nylon tire cord fabrics globally.

  • Over the short term, growing demand for passenger cars in developing countries along with rising demand for fuel-efficient vehicles and increasing penetration of autonomous or self-driving vehicles, are some of the driving factors which are stimulating the market demand.
  • Stringent government regulations for the tire industry to safeguard the environment is the factor hindering the market's growth.
  • Increasing demand for electric vehicles across the globe and R&D in the field of plant-based nylon fabric is likely to create opportunities for the market in the coming years.
  • The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Nylon Tire Cord Fabrics Industry Segmentation

Nylon tire cord fabric is a type of reinforcement that is used in tires to provide proper shape. It is manufactured by twisting and plying high-quality filament yarn. They offer high strength and durability to the tires and support the weight of vehicles. Nylon tire cord fabrics are designed to increase the performance and running life of tires. The nylon tire cord fabrics market is segmented by type, application, end-user industry, and geography. By type the market is segmented into nylon 6 tire cord, and nylon 66 tire cord, by application the market is segmented into bias tire, radial tire, and other applications, by end-use industry the market is segmented into passenger cars, commercial vehicles, two-wheelers, off-road vehicles, and other end-user industries. The report also covers the market size and forecasts for the nylon tire cord fabrics market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilo tons).

Type
Nylon 6 Tire Cord
Nylon 66 Tire Cord
Application
Bias Tire
Radial Tire
Other Applications
End-user Industry
Passenger Cars
Commercial Vehicles
Two-wheelers
Off-road Vehicles
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Nylon Tire Cord Fabrics Market Size Summary

The nylon tire cord fabrics market is poised for growth, driven by the increasing demand for electric and fuel-efficient vehicles, particularly in developing regions. The market experienced setbacks due to the COVID-19 pandemic, which disrupted global supply chains and shifted focus away from automotive sectors. However, the resurgence in demand for electric vehicles, supported by favorable government policies, is expected to bolster the market. The Asia-Pacific region, with its burgeoning automotive industry, particularly in China and India, is anticipated to lead the market, benefiting from rising middle-class incomes and strategic government initiatives. The market's growth is further supported by the expanding use of radial tires, known for their superior properties, in light commercial and passenger vehicles.

Despite the promising growth prospects, the market faces challenges from stringent environmental regulations affecting the tire industry. Nonetheless, opportunities are emerging through research and development in plant-based nylon fabrics. The market is characterized by a partial fragmentation, with key players like Kordsa Teknik Tekstil A.S., HYOSUNG ADVANCED MATERIALS, and others actively investing in capacity expansion to strengthen their market positions. These developments, coupled with the increasing penetration of autonomous vehicles, are expected to drive the demand for nylon tire cord fabrics, ensuring steady growth during the forecast period.

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Nylon Tire Cord Fabrics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Demand for High Wear Resistance Tires for Commercial Applications Globally

      2. 1.1.2 Increading Demand for Fuel-efficient and Passenger Vehicles in Developing Countries

    2. 1.2 Restraints

      1. 1.2.1 Stringent Government Regulations for Tire Industry

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Nylon 6 Tire Cord

      2. 2.1.2 Nylon 66 Tire Cord

    2. 2.2 Application

      1. 2.2.1 Bias Tire

      2. 2.2.2 Radial Tire

      3. 2.2.3 Other Applications

    3. 2.3 End-user Industry

      1. 2.3.1 Passenger Cars

      2. 2.3.2 Commercial Vehicles

      3. 2.3.3 Two-wheelers

      4. 2.3.4 Off-road Vehicles

      5. 2.3.5 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 France

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Nylon Tire Cord Fabrics Market Size FAQs

The Nylon Tire Cord Fabrics Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Kordsa Teknik Tekstil A.S., HYOSUNG ADVANCED MATERIALS , Century Enka Limited , SRF Ltd. and Indorama Ventures (Kordarna Plus) are the major companies operating in the Nylon Tire Cord Fabrics Market.

Nylon Tire Cord Fabrics Report Snapshots

Nylon Tire Cord Fabrics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)