Kevlar Tyre Cord Fabric Market
The market for Kevlar Tyre Cord Fabric was estimated at $1.8 billion in 2024; it is anticipated to increase to $2.8 billion by 2030, with projections indicating growth to around $3.9 billion by 2035.
Global Kevlar Tyre Cord Fabric Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Kevlar Tyre Cord Fabric industry revenue is expected to be around $2.0 billion in 2025 and expected to showcase growth with 7.2% CAGR between 2025 and 2034. The fabrics ongoing relevance in the global market stems from several key driving factors. Its unmatched strength, durability, and resistance to heat, chemicals, and punctures make it an indispensable material in tyre manufacture. The rising demand for high-performance tyres in various sectors, from automotive to aerospace, agriculture, and industrial machinery, significantly contributes to its market traction. Moreover, with new environmental regulations and increased focus on fuel efficiency, Kevlar tyre cord fabricbeing lightweight yet strongpositions itself as a preferred choice for tyre manufacturers.
Underpinning the significance of Kevlar tyre cord fabric is its unique blend of features. Renowned for its five times the strength of steel at equivalent weights, it facilitates the manufacture of sturdier, lighter, and more fuel-efficient tyres. Predominantly used in the automotive industry, it also finds important applications in bicycle tyres, off-road vehicles, military vehicles, and even in aerospace applications.
Market Key Insights
- The Kevlar Tyre Cord Fabric market is projected to grow from $1.8 billion in 2024 to $3.6 billion in 2034. This represents a CAGR of 7.2%, reflecting rising demand across Off-road Vehicles, Advanced Cyclist Equipment and Aerospace Industry.
- DuPont, Teijin Aramid, Kolon Industries are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Kevlar Tyre Cord Fabric market and are expected to observe the growth CAGR of 4.7% to 6.9% between 2024 and 2030.
- Emerging markets including Vietnam, Nigeria and Saudi Arabia are expected to observe highest growth with CAGR ranging between 8.3% to 9.9%.
- Transition like Technological Advancements in Manufacturing has greater influence in U.S. and China market's value chain; and is expected to add $83 million of additional value to Kevlar Tyre Cord Fabric industry revenue by 2030.
- The Kevlar Tyre Cord Fabric market is set to add $1.8 billion between 2024 and 2034, with manufacturer targeting Aerospace & Civil Engineering End-Users projected to gain a larger market share.
- With Emerging technological innovations, and Enhanced vehicle safety & performance, Kevlar Tyre Cord Fabric market to expand 100% between 2024 and 2034.