Rayon Tyre Cord Fabric Market
The market for Rayon Tyre Cord Fabric was estimated at $784 million in 2024; it is anticipated to increase to $1.25 billion by 2030, with projections indicating growth to around $1.85 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Rayon Tyre Cord Fabric Market Outlook
Revenue, 2024
$784M
Forecast, 2034
$1.71B
CAGR, 2025 - 2034
8.1%
The Rayon Tyre Cord Fabric industry revenue is expected to be around $847.9 million in 2025 and expected to showcase growth with 8.1% CAGR between 2025 and 2034. The robust growth of the Rayon tyre cord fabric market underlines its increasing significance across various industry verticals. Driven by several factors such as enhanced tyre performance, superior heat resistance and higher durability, the demand for Rayon tyre cord fabric is witnessing a steady uptick. Additional boost has come from the burgeoning automotive sector where Rayon reinforced tyres are being widely acknowledged for their contribution towards improved fuel efficiency and lower CO2 emissions. Strides made in tyre technology coupled with changing consumer preferences for high-performance tyres are further amplifying the ongoing relevance of Rayon tyre cord fabric in the global market.
Rayon tyre cord fabric, a high-performance textile essential in the manufacture of reinforced tyres, boasts of high tensile strength, exceptional adhesion capabilities, and excellent shock resistance. Furthermore, the fabric has been integral in driving safety standards upwards in the automotive industry owing to its pivotal role in enhancing tyre resistance toward high-speed deformation. Resilience under extreme operational conditions and compatibility with other tyre materials are additional features that consolidate its position in the tyre manufacturing industry.
Market Key Insights
- The Rayon Tyre Cord Fabric market is projected to grow from $784.4 million in 2024 to $1.71 billion in 2034. This represents a CAGR of 8.1%, reflecting rising demand across Automotive Industry, Aviation Industry and Bicycle Tire Manufacturing.
- Hyosung Corporation, Kordsa Teknik Tekstil, SRF Limited are among the leading players in this market, shaping its competitive landscape.
- China and U.S. are the top markets within the Rayon Tyre Cord Fabric market and are expected to observe the growth CAGR of 5.9% to 8.5% between 2024 and 2030.
- Emerging markets including Thailand, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 7.8% to 10.1%.
- Transition like Shift Towards Sustainable Practices is expected to add $42 million to the Rayon Tyre Cord Fabric market growth by 2030.
- The Rayon Tyre Cord Fabric market is set to add $925 million between 2024 and 2034, with manufacturer targeting Industrial & Bicycle Applications projected to gain a larger market share.
- With Increased consumption in automobile industry, and Technological advancements in manufacturing process, Rayon Tyre Cord Fabric market to expand 118% between 2024 and 2034.
Opportunities in the Rayon Tyre Cord Fabric
Technological advances have made it possible to produce rayon tyre cord fabric more efficiently and eco-friendly. A notable area of innovation is also nanotechnology which can be integrated into the production process to enhance the fabrics performance, durability, and sustainability. This is poised to further stimulate the market growth of rayon tyre cord fabric.
Growth Opportunities in North America and Asia-Pacific
The North American market witnesses an increased demand for Rayon tyre cord fabric. This rise is mainly attributed to the robust nature of the automobile industry, technological advancements, and the vigor to achieve better fuel efficiency. Being lighter than its counterparts, yet stronger, makes Rayon tyre cord fabric a preferred choice. The region also features fierce competition among leading players who incorporate innovative technologies to gain a competitive edge. Furthermore, the surge in electric vehicle production and growing environmental concerns drive the markets exponential growth in this region.
Asia-Pacific offers tremendous growth opportunities for the Rayon tyre cord fabric market. The booming automotive sector, coupled with the presence of top tyre manufacturing countries like China, India, and Japan, forms the backbone of this market. The increasing demand for high-speed tyres is a key driver in the region. Additionally, the entrance of various players in the market intensifies competition, which further propels innovation and development of superior quality Rayon tyre cord fabric. The demand for this material is anticipated to escalate due to stringent emission norms laid down by governments, pushing automakers to opt for lighter tyres to improve vehicle efficiency.
Market Dynamics and Supply Chain
01
Driver: Increased Consumption in Automobile Industry, and Surge in Demand for Lightweight, Fuel-efficient Tyres
The rapidly growing automobile industry, with its constant need for reinforced and durable tyres, is also a major market for the Rayon tyre cord fabric. Known for its high modulus, dimensional stability, and flexibility, Rayon is also extensively used in high-performance and off-road tyres, thereby supporting this markets growth potential. With an increase in environmental awareness, There is also a surge in demand for lightweight, fuel-efficient tyres. This is also one of the significant s promoting the use of the Rayon tyre cord fabric, known for its low weight and high strength characteristics, contributing to fuel efficiency in vehicles.
Recent innovations and improvements in the manufacturing process of Rayon tyre cord fabric are also leading to better product quality, fueling its demand. High focus on the production of eco-friendly and sustainable materials is also a strong trend that favors the usage of Rayon in tyre cord fabrics.
02
Restraint: High Production Cost
The production of Rayon tyre cord fabric involves complex processes and sophisticated technology. Additionally, the raw materials required are often expensive, further driving up the production costs. This high cost of production is directly passed onto the consumers, resulting in a high market price for the products. Such high pricing can hinder market growth as it may curtail demand, especially in price-sensitive markets or regions
03
Opportunity: Enhanced Automotive Applications and Strategic Collaborations with Tyre Manufacturers
With the continued development of advanced vehicles, particularly electric and sports vehicles, the demand for high-performing tyres is expected to rise. Rayon tyre cord fabric provides superior vehicle stability and reinforces tyre structure performance at high speeds, making it an ideal solution for the auto industry. This could open up significant market opportunities for manufacturers of this fabric, especially in automotive-focused economies like Germany and Japan.
Given the increasing preference for fuel-efficiency and driving comfort, tyre manufacturers are constantly searching for solutions that can deliver on these needs. Rayon tyre cord fabric could be a solution, particularly for premium and luxury vehicles. Therefore, strategic collaborations between tyre manufacturers and providers of this fabric could be a lucrative growth avenue to explore.
04
Challenge: Competition from Substitute Products
The tyre cord fabric industry is replete with alternative products that serve similar functions. Products made from polyester and nylon, as an example, can compete with Rayon tyre cord fabric in terms of performance and often come at a lower cost. The availability of these substitutes puts considerable competitive pressure on the Rayon tyre cord fabric market, threatening its potential for growth.
Supply Chain Landscape
1
Raw Material Collection
Aditya Birla GroupLenzing AG
2
Rayon Production
Royal Dutch ShellEastman Chemical Company
3
Fabric Weaving
Formosa Chemicals & Fibre CorporationAlea Jacta Ltd
4
End-User Industry
MichelinGoodyear Tyre and Rubber Company
1
Raw Material Collection
Aditya Birla GroupLenzing AG
2
Rayon Production
Royal Dutch ShellEastman Chemical Company
3
Fabric Weaving
Formosa Chemicals & Fibre CorporationAlea Jacta Ltd
4
End-User Industry
MichelinGoodyear Tyre and Rubber Company
Use Cases of Rayon Tyre Cord Fabric in Automotive & Aviation
Automotive Industry : The automotive industry is an extensive user of the Rayon tyre cord fabric. Mainly utilized in performance and racing cars, High Modulus Low Shrinkage Rayon tyre cord fabric is favored for its high impact resistance and strength. Major manufacturers in this application sphere include Michelin and Goodyear. These companies leverage the unique advantages of this fabric, such as its excellent adhesion to rubber, superior tensile strength, and resistance to over-flexing, significantly boosting their market position.
Aviation Industry : In the aviation sector, dipped Rayon tyre cord fabrics are in high demand. These fabrics enhance the durability and robustness required in aircraft tyres. Companies like Bridgestone and Dunlop, primary players in this sector, utilize this of fabric to offer superior resistance against extreme temperatures and high-speed landings, thereby maintaining a strong market position.
Bicycle Tire Manufacturing : The bicycle tire manufacturing industry increasingly relies on Rayon tyre cord fabric. Verospeed tailored Rayon tyre cord fabric is a commonly used material in this segment, offering a precise balance between weight, grip, and puncture resistance. Manufacturers such as Vittoria and Schwalbe capitalize on the fabrics low rolling resistance and controlled deformation benefits, fortifying their position in the market.
Recent Developments
Rayon tyre cord fabric, a paramount constituent in the automotive tyre industry, has seen substantial market developments in recent times due to its exceptional strength and distinct durability. Of particular note is a burgeoning trend towards environment-friendly manufacturing processes, which is precipitously shaping the landscape of the Rayon tyre cord fabric industry.
December 2024 : Technology advancement in rayon tyre cord fabric appeared in the market. The leading provider, Milliken & Company, announced the successful development of high-strength rayon tyre cord fabric, significantly improving tyre performance
September 2024 : Goodyear Tyre announced a strategic partnership with Hyosung Corporation to exclusively manufacture rayon tyre cord fabric, enhancing the robustness and sustainability of their tyre models
July 2024 : The rayon tyre cord fabric market witnessed a surge as Continental AG positioned itself as an industry leader by launching a new range of eco-friendly tyres equipped with advanced rayon tyre cord fabric technology, significantly reducing tyre weight and improving fuel efficiency.
Impact of Industry Transitions on the Rayon Tyre Cord Fabric Market
As a core segment of the Textile industry,
the Rayon Tyre Cord Fabric market develops in line with broader industry shifts.
Over recent years, transitions such as Shift Towards Sustainable Practices and Technological Advancements in Fabric Production have redefined priorities
across the Textile sector,
influencing how the Rayon Tyre Cord Fabric market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Shift Towards Sustainable Practices
The tyre industry is experiencing a notable shift towards sustainable manufacturing practices, significantly impacting the Rayon tyre cord fabric market. High-end tyre manufacturers are opting for Rayon tyre cord fabrics due to their eco-friendly properties, boosting the demand for these products. As a result, sustainability has transitioned from a peripheral concern to a central part of business strategies in this space. Rapid implementation of green manufacturing methods is encouraging a higher engagement with Rayon-based products, revealing an optimistic growth trajectory for the Rayon tyre cord fabric sector.
02
Technological Advancements in Fabric Production
Another significant transition is evident in the form of continual technological advancements in the field of fabric production. Innovations in production techniques are leading to enhanced performance and quality of Rayon tyre cord fabrics. Improved wear-resistance, thermal stability, and lighter weight have increased their appeal in the tyre manufacturing industry. Consequently, these technological improvements are fostering product innovation and market expansion for Rayon tyre cord fabric solutions.