Global Nylon Tyre Cord Fabric Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Highly regarded for its durability and exceptional bonding capabilities nylon tire cord fabric plays a vital role in crafting top of the line tires that excel in heavy duty settings like construction and mining operations for large vehicles. Furthermore there has been an increase in its application, for passenger car radial tires, which reflects the automotive sectors move towards more eco friendly transportation options.
Market Key Insights
- The Nylon Tyre Cord Fabric market is projected to grow from $2.5 billion in 2024 to $5.2 billion in 2034. This represents a CAGR of 7.8%, reflecting rising demand across Automobile Industry, Commercial Vehicles and Bicycle Tires.
Kolon Industries Inc., Hyosung, and SRF are among the leading players in this market, shaping its competitive landscape.
- China and India are the top markets within the Nylon Tyre Cord Fabric market and are expected to observe the growth CAGR of 5.1% to 7.5% between 2024 and 2030.
- Emerging markets including Turkey, Brazil and Malaysia are expected to observe highest growth with CAGR ranging between 9.0% to 10.8%.
Transition like Emergence of High-performance Fibers is expected to add $400.0 million to the Nylon Tyre Cord Fabric market growth by 2030
- The Nylon Tyre Cord Fabric market is set to add $2.8 billion between 2024 and 2034, with manufacturer targeting Motorcycle & Bicycle Manufacturing Application projected to gain a larger market share.
- With
rising automobile industry, and
emergence of advanced material technology, Nylon Tyre Cord Fabric market to expand 112% between 2024 and 2034.
Opportunities in the Nylon Tyre Cord Fabric
The increasing global demand for lightweight and fuel efficient vehicles is also expected to drive the need for nylon tire cord fabrics in these sectors and create opportunities for market growth to expand further in developing markets like China and India in the Asia Pacific region due, to their flourishing industry supported by rising disposable incomes and strong industrial development potential benefits await by expanding into these promising markets.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
North America is known for its automotive industry and the growing preference for sturdy vehicles has fueled the demand for Nylon tire cord fabric in the United States specifically and across the region as a whole. The market is seeing a rise in demand for high performance tires which in turn is boosting the need, for Nylon tire cord fabric. With an economy and leading tire manufacturers calling this region home the growth of Nylon tire cord fabric is further accelerated in North America. Intense competition, among players frequently pushes them to innovate and create top notch and long lasting fabrics used for enhancing tires.
Asia-Pacific Outlook
In the Asia Pacific region of countries such as China and India there is a growing need for Nylon tire cord fabric. This rise in demand is largely fueled by the automotive sector and the significant growth seen in commercial vehicle sales. China stands out as the global producer of automobiles relying heavily on Nylon tire cord fabric for reinforcing tires. Factors propelling growth in this region encompass the expansion of tire production facilities, higher volumes of vehicle manufacturing and a concerted effort, toward enhancing transportation infrastructure. The abundance of production offers both advantages and obstacles for manufacturers of Nylon tire cord fabric. This intensifies competition, to levels.
Market Dynamics and Supply Chain
Driver: Rising Automobile Industry, and Increasing Off-road Applications
The rise of material technology has also been a significant factor in driving the growth of the Nylon tire cord fabric industry as well. Innovations in technology have also made it possible to create Nylon with enhanced strength and durability. This has also solidified Nylons role in the production of tire cord fabric. Furthermore improvements, in manufacturing processes have also increased the efficiency of producing Nylon tire cord fabric on a scale resultantly boosting market growth.
Restraint: High Production Cost
Opportunity: Pioneering Technological Trends in Nylon Tyre Cord Fabric
Challenge: Fluctuating Raw Material Prices
Supply Chain Landscape
Dupont
Invista
Shenma Industry
Kordarna Plus
Bridgestone
Michelin
Automotive
Aviation
Maritime
Dupont
Invista
Shenma Industry
Kordarna Plus
Bridgestone
Michelin
Automotive
Aviation
Maritime
Applications of Nylon Tyre Cord Fabric in Automobile Industry, Commercial Vehicles & Bicycle Tires
Nylon tire cord fabric is commonly utilized in the sector for making radial tires on passenger vehicles due to its superior qualities, like strength and heat resistance that enhance tire stability and overall driving safety. Both Michelin and Goodyear are players, in this industry known for their top notch radial tires that utilize nylon tire cord fabric to deliver durable and reliable performance over the long term.
In the commercial vehicles sector, robust truck tires for heavy-duty use rely on nylon tyre cord fabric for durability and resilience in challenging conditions. Thick, sturdy nylon 6 grade cord fabric provides exceptional stiffness, prolonging tire lifespan. Bridgestone and Continental AG are recognized globally for their advanced, durable commercial vehicle tires that ensure safety and reliable performance worldwide.
In the world of bicycle tires, the manufacturing industry uses high-quality nylon tire cord fabrics that offer flexibility and lightweight properties for a comfortable ride experience to cyclists. Enjoyable rides are ensured by these features, especially in folding bicycles where portability and performance are key. Schwalbe and Maxxis stand out as top companies in the bicycle tire market, known for their premium-grade nylon fabric tires that provide excellent comfort and durability.
Recent Developments
Nylon Dynamics Ltd. announced the launch of its innovative range of high-strength nylon tyre cord fabric featuring advanced fatigue resistance for heavy-duty applications.
One of the suppliers in the industry is Efficiency Textiles who announced a major advancement in their production process by introducing an eco friendly approach to making nylon tire cord fabric that has led to a substantial decrease, in carbon emissions.
Cordtech International strategically expanded its presence worldwide by inaugurating a cutting edge manufacturing facility dedicated to producing nylon tire cord fabric in Southeast Asia.
The industry producing nylon tire cord fabric has seen progress lately thanks to advancements driven mainly by the rapid development in the automotive and tire sectors. The growth of the market has been significantly supported by the increased use of nylon tire cord fabric in these industries due to its tensile properties and excellent resistance to fatigue and dimensional changes. All crucial, for manufacturing top quality tires.