Global Tire Reinforcement Materials Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Material;

Steel, Polyester, Nylon, Rayon, Aramid and Other Materials.

By Technology;

Drawing, Melt Spinning and Solution Spinning.

By Type;

Tire Cord Fabric and Tire Bead Wire.

By Application;

Automobile Carcasses, Belt Ply and Cap Ply.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn405902798 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Tire Reinforcement Materials Market (USD Million), 2021 - 2031

In the year 2024, the Global Tire Reinforcement Materials Market was valued at USD 20,065.40 million. The size of this market is expected to increase to USD 25,015.30 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.2%.

The global tire reinforcement materials market encompasses various materials used to enhance the strength, durability, and performance of tires. These materials are crucial in improving tire safety and longevity, as they contribute to the overall structural integrity and performance of tires. Key components in this market include steel cords, fabric cords, and specialty polymers, each serving a unique function in reinforcing tire structures.

Steel cords, which are made from high-tensile steel wires, are used primarily in the tire's radial and belt layers to provide strength and stability. Fabric cords, made from materials such as polyester, nylon, or aramid, offer flexibility and contribute to the tire's ability to withstand impact and heat. Specialty polymers, including silica and synthetic rubber compounds, enhance various properties like grip, rolling resistance, and resistance to wear and aging.

The market is driven by several factors, including the growing demand for high-performance tires in both passenger and commercial vehicles. Increasing vehicle production and advancements in tire technology also fuel market growth. Additionally, rising awareness of vehicle safety and the need for fuel efficiency contribute to the demand for advanced reinforcement materials.

Geographically, the market shows significant growth potential in emerging economies where automotive industries are expanding rapidly. Innovations in tire technology and the continuous development of new materials to meet evolving performance standards are expected to shape the future of the tire reinforcement materials market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Material
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Type
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Tire Reinforcement Materials Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand for high-performance tires
        2. Increasing vehicle production
        3. Advancements in tire technology
      2. Restraints
        1. High cost of advanced materials
        2. Volatility in raw material prices
        3. Stringent regulatory requirements
      3. Opportunities
        1. Growing automotive industry in emerging markets
        2. Development of eco-friendly and sustainable materials
        3. Advances in tire technology and innovation
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Tire Reinforcement Materials Market, By Material, 2023 - 2033 (USD Million)
      1. Steel
      2. Polyester
      3. Nylon
      4. Rayon
      5. Aramid
      6. Other Materials
    2. Global Tire Reinforcement Materials Market, By Technology, 2021 - 2031 (USD Million)
      1. Drawing
      2. Melt Spinning
      3. Solution Spinning
    3. Global Tire Reinforcement Materials Market, By Type, 2021 - 2031 (USD Million)
      1. Tire Cord Fabric
      2. Tire Bead Wire
    4. Global Tire Reinforcement Materials Market, By Application, 2021 - 2031 (USD Million)
      1. Automobile Carcasses
      2. Belt Ply
      3. Cap Ply
    5. Global Tire Reinforcement Materials Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Bekaert.
      2. Century Enka Limited.
      3. CORDENKA GmbH & Co. KG
      4. Dupont
      5. FORMOSA TAFFETA CO., LTD.
      6. Glanzstoff Industries
      7. HYOSUNG
      8. Jiangsu Taiji Industry New Materials Co., Ltd.
      9. Jiangsu Xingda Steel Tire Cord Co. Ltd.
      10. Kolon Industries Inc.
      11. Kordsa Teknik Tekstil A.?
      12. Michelin
  7. Analyst Views
  8. Future Outlook of the Market