India Nylon Tire Yarn Market Size, Share, By Material Type (Nylon 6 And Nylon 6,6), By End Use (Commercial Vehicles, Passenger Cars, Two-Wheelers, And Off-Road Vehicles), And India Nylon Tire Yarn Market Insights, Industry Trend, Forecasts to 2035.

India Nylon Tire Yarn Market Insights Forecasts to 2035

• India Nylon Tire Yarn Market CAGR 2024: 5.08%
• India Nylon Tire Yarn Market Segments: Material Type and End Use

The India nylon tire yarn market is an industrial sector that encompasses the entire process of producing, supplying and consumption of nylon tire yarns and related tire reinforcement yarns. Nylon tire yarn or tire yarns with high tenacity are commonly used to reinforce cord-fabric in the manufacturing of tires for 2-wheelers, passenger vehicles, commercial vehicles and off-road applications. Some of the properties that contribute to the value of nylon tire yarn are high tensile strength, elasticity and durability; determining a tire's performance, safety and longevity as the Indian automobile and transportation industries continue to grow.

The nylon tire yarn in India are backed by government support, including the Production Linked Incentive (PLI) Scheme for Textiles, which was expanded to support man-made fiber (MMF) apparel, MMF fabrics and technical textiles, thereby creating an enabling environment for enhanced domestic production of synthetic fibers and yarns, including high-performance yarns relevant to tire reinforcement.

As technology advances, Indian nylon tire yarn providers are now using established woven yarns technology, in addition to advanced materials engineering techniques that increase the strength, consistency, and overall performance of tire yarns. Modern manufacturing processes are becoming increasingly reliant on the exploitation of fully automated manufacturing methods; sophisticated precision control systems; and state-of-the-art materials science and polymer chemistry developments, allowing for the mass production of high-strength yarns with optimized mechanical properties, to meet the rigorous performance criteria required for use as tire yarns in various tire applications.

Market Dynamics of the India Nylon Tire Yarn Market:

The India nylon tire yarn market is driven by the broader automotive and transportation ecosystem, rapid growth in vehicle ownership, rising production volumes in both original-equipment and replacement tire markets, intensified infrastructure development, increasing demand for greater quantities of high-quality reinforcement yarns, rapid emergence as a manufacturing hub for technical textiles, and ongoing shift towards radial and performance tires further propel the market growth.

The India nylon tire yarn market is restrained by the heavy dependency on petroleum-derived raw materials, increased price volatility, supply chain risk, stringent environmental concerns associated with synthetic fiber production, stringent sustainability regulations, and competition from alternative lightweight materials challenges.

The future of India nylon tire yarn market is bright and promising, with versatile opportunities emerging from the increasing electrification of cars and the growing need for high-performance tires in many different use situations are driving demand for new kinds of high-performance reinforcement yarns; there is great potential for export market growth as Indian producers improve their quality standards and introduce sustainable production methods; the use of recycled nylon and other environmentally friendly manufacturing processes could provide new opportunities to support global trends towards sustainability and create diversity along the value chain within the nylon tire yarn eco-system.

Market Segmentation

The India nylon tire yarn market share is classified into material type and end use.

By Material Type:

The India nylon tire yarn market is divided by material type into nylon 6 and nylon 6,6. Among these, the methylamines segment held the largest revenue market share in 2024 and is predicted to grow at a remarkable CAGR during the forecast period. Superior cost effectiveness, high strength, excellent fatigue resistance suitable for diverse road conditions, and offers superior flexibility with high toughness all contribute to the nylon 6 segment's largest share and higher spending on nylon tire yarn when compared to other material type.

By End Use:

The India nylon tire yarn market is divided by end use into commercial vehicles, passenger cars, two-wheelers, and off-road vehicles. Among these, the commercial vehicle segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The commercial vehicle segment dominates because of superior performance in heavy-duty roles, ensuring a longer lifespan for tires, and providing high wear-and-tear rate, leading to a large replacements tire market in India.

Competitive Analysis:

The report offers the appropriate analysis of the key organisations/companies involved within the India nylon tire yarn 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.

Top Key Companies in India Nylon Tire Yarn Market:

• SRF Ltd.
• Century Enka Ltd.
• Indorama Ventures
• Madura Industrial Textiles
• JCT Ltd.
• Gujarat Polyfilms Ltd.
• Gujarat State Fertilizers & Chemicals
• Agarwal
• RSWM Limited
• AYM Syntex
• Others

Recent Developments in India Nylon Tire Yarn Market:

• In July 2024, Century Enka Ltd announced the commencement of increased production capacity of nylon tire cord fabric made from 100% recycled nylon waste at Bharuch plant in Gujarat, raising total output from 89,000 MT to 92,000 MT per annum.

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 the India, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the India nylon tire yarn market based on the below-mentioned segments:

India Nylon Tire Yarn Market, By Material Type

• Nylon 6
• Nylon 6,6

India Nylon Tire Yarn Market, By End Use

• Commercial Vehicles
• Passenger Cars
• Two-Wheelers
• Off-Road Vehicles