Global Kevlar Tyre Cord Fabric Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
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, and 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 is expected to add $300.0 million to the Kevlar Tyre Cord Fabric market growth 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.
Opportunities in the Kevlar Tyre Cord Fabric
By partnering with automobile manufacturers, manufacturers of Kevlar tyre cord fabric can also secure steady demand and wider recognition of their product.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
North America plays a significant role in the global Kevlar tyre cord fabric market due to the high vehicle production count. A key driver in this region is the stringent regulatory standards imposed on tyre safety, which has propelled the demand for high-performance Kevlar tyre cord fabric and fabric friction cord. The region is dominated by well-established automotive manufacturers who are consistently seeking durable and lightweight materials for tyre manufacturing. The competitive landscape is intense with market pioneers such as DuPont working on enhancing their technological capabilities to gain a competitive advantage in the market.
Asia-Pacific Outlook
Asia-Pacific is witnessing a rapid surge in the adoption of Kevlar tyre cord fabric driven by factors such as the expanding automotive industry and the rise of electric vehicles. The booming automotive sector in countries such as China, India, and Japan makes this region a lucrative market. The high competition is further intensified by the entry of several new manufacturers with enhanced production capabilities. Another key driver is the rising consumer awareness regarding tyre safety, which has significantly propelled demand for Kevlar tyre cord fabric in this region. The confluence of these factors suggests robust growth opportunities for stakeholders in the Asia-Pacific Kevlar tyre cord fabric market.
Market Dynamics and Supply Chain
Driver: Emerging Technological Innovations
The ability of Kevlar tyre cord fabric to enhance vehicle safety and performance has also become a key market.This fabrics superior tensile strength and durability significantly improve the tyres impact resistance, reducing the risk of blowouts and punctures. Additionally, its high-heat tolerance helps maintain the tyres shape and performance in extreme conditions. Thus, the increasing demand for safe, reliable, and high-performance tyres, especially in the automotive and aviation sectors, is also leading to greater use of Kevlar tyre cord fabric.
Restraint: High Production and Processing Costs
Opportunity: Expansion in Emerging Markets and Technological Innovations
The tyre industry is constantly exploring new technologies to improve performance and durability. The integration of Kevlar tyre cord fabric with modern technologies can offer significant benefits, such as increased tyre life or improved resistance to punctures. Introducing new variants of Kevlar tyre cord fabric, customized for specific applications, can offer businesses an to create a differentiated and unique product offering.
Challenge: Limited Awareness and Understanding of the Material
Supply Chain Landscape
E.I. du Pont de Nemours and Company
Teijin Aramid B.V
Yantai Tayho Advanced Materials Co
Kolon Industries Inc
Hyosung Corporation
Kordsa Teknik Tekstil A.S
Goodyear Tire & Rubber Company
Michelin North America Inc
E.I. du Pont de Nemours and Company
Teijin Aramid B.V
Yantai Tayho Advanced Materials Co
Kolon Industries Inc
Hyosung Corporation
Kordsa Teknik Tekstil A.S
Goodyear Tire & Rubber Company
Michelin North America Inc
Applications of Kevlar Tyre Cord Fabric in Off-road Vehicles, Advanced Cyclist Equipment & Aerospace Industry
Kevlar tyre cord fabric is widely incorporated in off-road vehicles due to its high strength and resistance to wear and tear. This of Kevlar fabric, typically a higher denier grade, provides excellent puncture resistance and toughness needed in unpredictable terrains. Top players in this segment looking for extreme durability often rely on Kevlar tyres, making them a leading choice.
In the aerospace industry, a specifically engineered version of Kevlar tyre cord fabric is utilized. The unique properties of Kevlar, such as thermal stability and high tensile strength, solve theindustry'sdemand for robustness and heat resistance - a crucial aspect in an environment where the average temperature fluctuations are extreme. Leading players in this sector often prioritize Kevlar due to its high-performance characteristics.
High-end cyclist equipment is another application field for Kevlar tyre cord fabric. The lightness combined with durability of Kevlar tyre cords allows for lighter and more robust bicycle tyres, including folding bicycles, enabling cyclists to experience improved performance and longevity. Major manufacturers in this domain opt for Kevlar tyres due to their resilience and superior riding experience.
Recent Developments
PolyTech Fabric Industries, a renowned name in the tyre cord fabric industry, announced the development of their highly-durable, heat-resistant Kevlar tyre cord fabric, promising a better wear and tear protection for tyres
Amalgamated Weaves Inc., a leading provider, expanded their Kevlar tyre cord fabric product line, aiming to increase its grip in the competitive tyre industry
InnoTire Solutions, a pivotal player in the tyre technology sector, initiated a strategic partnership with Yoofor Tyre Corp. focusing on the implementation and promotion of Kevlar tyre cord fabric to boost tyre longevity.
The Kevlar tyre cord fabric industry is experiencing considerable transformation due to technological advancements and shifting consumer preferences. Kevlar, a synthetic fiber known for its exceptional strength and heat resistance, is widely used in tyre cord fabrics to augment durability and performance. This high-strength material highly contributes to the tyres overall resistance to impact and puncture.