South Korea Tire Cord Fabrics Market Size, Share, and COVID-19 Impact Analysis, By Material (Nylon and Polyester), By Application (OEM and Replacement), By Vehicle Type (Passenger Cars and Commercial Vehicle), and South Korea Tire Cord Fabrics Market Insights, Industry Trend, Forecasts to 2035

South Korea Tire Cord Fabrics Market Insights Forecasts to 2035

• The South Korea Tire Cord Fabrics Market Size Was Estimated at USD 326.6 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 7.36% from 2025 to 2035
• The South Korea Tire Cord Fabrics Market Size is Expected to Reach USD 713.0 Million by 2035

According to a research report published by Spherical Insights and Consulting, The South Korea Tire Cord Fabrics Market Size is anticipated to reach USD 713.0 Million by 2035, growing at a CAGR of 7.36% from 2025 to 2035. Tire cord textiles are an essential part of tire manufacturing because they give tires the strength and resilience, they need to endure high pressure, tremendous loads, and prolonged wear and tear.

Market Overview

The market for textiles used as reinforcement in tire construction which gives tires strength, durability, and shape is known as the tire cord fabrics market. These textiles, which are usually composed of synthetic materials like rayon, polyester, nylon, or aramid, are crucial for bearing the weight of cars and shielding tires from damage. Tire cord materials, especially dipped nylon or polyester cords, offer exceptional strength and resilience, enabling tires to resist abrasion, collisions, and large loads. In order to keep a constant contact patch with the road surface and to reinforce tires against wear and tear, tire cords serve as an essential support system. The market for tire cord fabrics is closely related to the automotive sector, and demand is being driven by growing vehicle manufacturing, especially in emerging nations. Tight laws governing tire manufacturing and disposal are forcing the sector to use more environmentally friendly materials and procedures. This covers projects like recycling tires and creating environmentally friendly products.  Tire cord textiles are essential to the automobile sector, and government initiatives that support local manufacturing, such as growth and investment incentives, can increase demand for them.

Report Coverage

This research report categorizes the market for South Korea tire cord fabrics market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea 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 South Korea tire cord fabrics market.

Driving Factors

The expanding automotive industry, particularly in emerging economies, has led to increased vehicle production and a higher demand for durable, high-performance tires. This surge in vehicle numbers necessitates robust tire cord fabrics to ensure safety and longevity. Additionally, the rise of electric vehicles (EVs) has introduced new challenges, such as higher torque and increased weight, prompting the development of specialized tire cord fabrics to meet these unique requirements. Stringent safety standards and consumer preferences for longer-lasting tires further propel the demand for advanced tire cord materials.

Restraining Factors

Fluctuating raw material prices, particularly for synthetic fibers like nylon and polyester, can lead to unpredictable production costs and reduced profit margins for manufacturers. Additionally, stringent environmental regulations and sustainability concerns are prompting the industry to seek eco-friendly alternatives, which often require significant investment in research and development. The emergence of alternative tire technologies, such as airless tires, further threatens traditional tire cord fabric demand.

Market Segmentation

The South Korea Tire Cord Fabrics Market share is classified into material, application, 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 South Korean tire cord fabrics market is segmented by material into nylon and polyester. Among these, the polyester segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. Polyester tire cords' minimal shrinkage, strength, and affordability make them useful for a variety of passenger car tire applications. Additionally, the material is becoming more and more popular as a component in the production of hybrid tire cord textiles.

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

The South Korea tire cord fabrics market is segmented by application into OEM and replacement. Among these, the replacement segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Rising demand for radial tires and increased consumer awareness of rolling resistance. One of the main factors propelling this segment's rise is commercial vehicles. Trucks, container carriers, and buses are examples of vehicles that transport heavier cargoes over longer distances; as a consequence, their tires wear down more quickly than those of passenger cars. Because of their resistance to wear, commercial replacement tires are typically composed of nylon materials.

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

The South Korea tire cord fabrics market is segmented by vehicle type into passenger cars and commercial vehicles. Among these, the passenger cars segment dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period. The primary drivers of segment expansion are passenger cars in developing nations and the growing need for long-lasting, fuel-efficient tires. Over the projection period, it is expected that the market for tire cord textiles will be positively impacted by growing regulatory support for the use of EVs.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea 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 companies' current news and developments, including 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

• Hyosung Advanced Materials
• Kolon Industries
• Taekwang Industrial
• Kumho Petrochemical
• Kumho Polychem
• Hyundai Engineering Plastics
• LG Chem
• Hyosung Transworld
• Hanwha Solutions
• Hanwha Solutions
• Others

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 South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea tire cord fabrics market based on the below-mentioned segments:

South Korea Tire Cord Fabrics Market, By Materials

• Nylon
• Polyester

South Korea Tire Cord Fabrics Market, By Application

• OEM
• Replacement

South Korea Tire Cord Fabrics Market, By Vehicle Type

• Passenger Cars
• Commercial Vehicle