Asia Pacific Tire Cord Fabrics Market Size, Share, and COVID-19 Impact Analysis, By Material (Nylon, Polyester, Rayon, and Others), By Vehicle Type (Passenger Cars, Commercial Vehicles, and Others), and Asia Pacific Tire Cord Fabrics Market Insights, Industry Trend, Forecasts to 2035

Asia Pacific Tire Cord Fabrics Market Size Insights Forecasts to 2035

• The Asia Pacific Tire Cord Fabrics Market Size Was Estimated at USD 2789.8 Million in 2024.
• The Market Size is Growing at a CAGR of 6.91 % between 2025 and 2035.
• The Asia Pacific Tire Cord Fabrics Market Size is Anticipated to Reach USD 5820.1 Million by 2035.

According to a Research Report Published by Spherical Insights & Consulting, The Asia Pacific Tire Cord Fabrics Market Size is anticipated to Hold USD 5820.1 Million by 2035, Growing at a CAGR of 6.91 % from 2025 to 2035. The market for Asia Pacific tire cords will experience significant growth due to an increase in automobile manufacturing, growing consumer demand for electric vehicles and a rising number of durable, high-performance tires. Furthermore, the growing number of R&D investments in lightweight and efficient tire technologies will also spur growth in this market segment.

Market Overview

The Asia-Pacific tire cord fabric market is comprised of manufacturers producing high strength tire reinforcements which improve the durability, stability and performance of tires. The tire cord fabric market will continue to grow rapidly due to the continuous growth of the automotive manufacturing industry in the Asia-Pacific region along with the increase in demand for both passenger and commercial vehicles. Emerging markets in China, India, Japan and South Korea have a significant impact on tire cord fabric production as these countries will have some of the largest tire manufacturers combined with rapidly developing transportation markets. In addition, with increasing production of electric vehicles and focus on fuel efficiency, there is an increased demand for modern high strength lightweight tire cord fabric manufacturing. In addition to this demand, the government support of automotive production and connecting sustainable mobility into their long-term planning will continue to support market growth across the Asia-Pacific.

Report Coverage

This research report categorizes the market for the Asia Pacific tire cord fabrics market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific tire cord fabrics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Asia Pacific tire cord fabrics market.

Driving Factors

The Asia Pacific tire cord fabric market is expected to benefit from increased production due to the rapid growth of automotive manufacturing in China, India, and Southeast Asia. In addition, the increasing use of radial tires and the need for high-quality reinforcement materials will continue to drive the growth of this market. Many manufacturers are focusing on producing better quality, lighter, stronger tire cord fabrics with an emphasis on fuel economy and vehicle safety. Also, as the demand for electric vehicles grows, there is a need for manufacturers to provide greater tire durability and lower rolling resistance in order to support the development of new technologies. Governments are currently supporting the production of more automobiles; therefore, the growth of the automotive tire cord fabric market will be supported by this initiative.

Restraining Factors

The market faces restraints due to fluctuating raw material prices, especially nylon and polyester, along with high manufacturing costs, supply chain disruptions, and increasing competition from low-cost alternatives that affect profitability.

Market Segmentation

The Asia Pacific tire cord fabrics market share is classified into material and vehicle type.

• The polyester segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Asia Pacific tire cord fabrics market is segmented by material into nylon, polyester, rayon, and others. Among these, the polyester segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Polyester offers low shrinkage, high strength, cost-effectiveness, and strong suitability for passenger-car radial tires. These traits plus rising passenger vehicle production in Asia-Pacific drive polyester’s market dominance and continued growth.

• The passenger cars segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The Asia Pacific tire cord fabrics market is segmented by vehicle type into passenger cars, commercial vehicles and others. Among these, the passenger cars segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Passenger car sales are rising rapidly across China, India, Japan, and Southeast Asia, boosting demand for durable, fuel-efficient radial tires that require high-performance tire cord fabrics. Expanding middle-class ownership and accelerating electric vehicle adoption further strengthen this segment’s growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific tire cord fabrics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Century Enka
• SRF Limited
• Kolon Industries
• Indorama Ventures PCL
• Teijin Ltd

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Europe, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Asia Pacific tire cord fabrics market based on the following segments:

Asia Pacific Tire Cord Fabrics Market, By Material

• Nylon
• Polyester
• Rayon
• Others

Asia Pacific Tire Cord Fabrics Market, By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Others