Global Recycled Polyester Tire Cord Fabric Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Recycled Polyester Tire Cord Fabric industry revenue is expected to be around $703.0 million in 2025 and expected to showcase growth with 9.2% CAGR between 2025 and 2034. The increasing need for recycled polyester tire cord fabric is strongly tied to the rising push for sustainability within the tire industry sector. This importance has become more pronounced due to the growing need for eco manufacturing methods and top notch tire manufacturing. A worldwide move towards sources of raw materials has made this fabric the preferred option for making tire cords fueled by stricter regulations in various regions, across the globe. Furthermore,significant progress, in recycling technology and enhanced manufacturing methods have also contributed to the feasibility and competitive advantage of recycled polyester within the tire industry.
Recycled polyester tire cord fabric is known for its strength under tension and excellent ability to maintain its dimensions without stretching easily or fatiguing quickly. Qualities crucial for producing top quality tire cords. This friendly fabric is mainly used in making car tires, truck tires and specialized aircraft tires, with superior performance characteristics. The growing popularity of green tires’ has significantly boosted the demand, for friendly tires that are fuel efficient and long lasting.
Market Key Insights
The Recycled Polyester Tire Cord Fabric market is projected to grow from $643.8 million in 2024 to $1.55 billion in 2034. This represents a CAGR of 9.2%, reflecting rising demand across Automobile Industry, Marine & Aquacultural Sector, and Industrial Uses.
Tire Cord USA, Barnet Europe W. Luebbe GmbH, and Maduratex Kusumahadi Sentosa PT are among the leading players in this market, shaping its competitive landscape.
U.S. and Germany are the top markets within the Recycled Polyester Tire Cord Fabric market and are expected to observe the growth CAGR of 6.7% to 9.7% between 2024 and 2030.
Emerging markets including Vietnam, South Africa and Brazil are expected to observe highest growth with CAGR ranging between 8.8% to 11.5%.
Transition like Shift to Sustainable Materials is expected to add $115 million to the Recycled Polyester Tire Cord Fabric market growth by 2030
.The Recycled Polyester Tire Cord Fabric market is set to add $909 million between 2024 and 2034, with manufacturer targeting Aviation & Marine Application projected to gain a larger market share.
With
sustainability initiatives, and
Technological Advancements, Recycled Polyester Tire Cord Fabric market to expand 141% between 2024 and 2034.
Opportunities in the Recycled Polyester Tire Cord Fabric
Growth Opportunities in North America and Asia-Pacific
Market Dynamics and Supply Chain
Driver: Sustainability Initiatives, and Expanding Automotive Industry
Restraint: High Production Costs
Opportunity: Strategic Collaborations and Partnerships and Expanding Automotive Industry
Challenge: Strict Environmental Regulations
Supply Chain Landscape
Raw Material Collection
Material Processing
Manufacturing
End-use
Raw Material Collection
Material Processing
Manufacturing
End-use
Applications of Recycled Polyester Tire Cord Fabric in Automobile Industry, Industrial Uses & Marine & Aquacultural Sector
Recent Developments
Recent market trends in the recycled polyester tire cord fabric industry reveal a significant upswing, primarily driven by heightened global sustainability efforts. today's increasingly eco-conscious consumers perennially favor products made from recycled materialsa major contributing factor to the rousing demand for recycled polyester tire cord fabric. Technological advancements are another momentum-adding factor.