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Tyre cords, fabrics market on growth path


The global tyre cords and tyre fabrics market is projected to grow at a CAGR of 4.9% between 2015-2013, says a report by Transparency Market Research. The market was valued at USD 4.14 billion in 2014 and is expected to reach USD 6.37 billion by 2013, the report “Tire Cord and Tire Fabrics Market – Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2013 – 2023” said (Photo courtesy:

Tyre cords and tyre fabrics provide the stability, safety, and comfort to a vehicle. Its application varies across the types of tyres used in vehicles and its usage also varies according to the region. Steel cords are preferred in radial tyres across the globe. Polyester tyre cords find high acceptance in North America and Europe, while nylon dipped cords are most popular in heavy vehicles in Asia Pacific

The market is driven by high demand for personal vehicles and commercial vehicles in Asia Pacific and gradual revival of the US economy, says the report. Rate of radialisation of tyres is high in regions such as North America and Europe, due to well-developed road conditions. However, the rate of radialisation in commercial vehicles (LCV and HCV) is relatively low in Asia Pacific, which is the largest region in terms of demand for tyre cords and fabrics. Inferior road conditions in many parts of Asia Pacific act as restraint for radial tyres, the report says. Nylon cords are used widely in bias tyres in vehicles in the region.

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