Nonmetal Automotive Tire Cords Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 2.5 Billion by 2033, exhibiting a CAGR of 8.9% from 2026 to 2033.
In 2022, the global nonmetal automotive tire cords market was valued at USD 5.6 billion and is projected to reach USD 8.3 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2030. The Asia Pacific region is expected to dominate the market during the forecast period, driven by the presence of major automotive manufacturers, increasing vehicle production, and the growing adoption of advanced tire technologies. Countries like China and India, with their large population bases and rapidly growing automotive industries, are anticipated to be key contributors to market growth. The rising disposable income and urbanization in these countries are driving the demand for passenger cars and commercial vehicles, further propelling the market for nonmetal automotive tire cords. Additionally, the increasing focus on sustainability and environmental regulations in the region is expected to boost the demand for eco friendly and recyclable nonmetal tire cords.North America is another significant market for nonmetal automotive tire cords, driven by stringent environmental regulations and the strong presence of leading tire manufacturers in the region. The increasing adoption of electric vehicles and the growing demand for high performance and durable tires are expected to drive the demand for nonmetal tire cords in North America. Additionally, the focus on sustainability and the increasing awareness among consumers regarding the benefits of high performance tire cords are expected to further boost market growth in the region. Europe also holds a substantial share in the nonmetal automotive tire cords market, driven by stringent environmental regulations and the increasing focus on sustainability. The region is home to some of the worlds leading automotive manufacturers, who are increasingly incorporating advanced tire technologies into their vehicles to comply with regulations and meet the evolving demands of consumers. The growing demand for electric vehicles and the increasing emphasis on fuel efficiency and durability are expected to drive the demand for nonmetal tire cords in Europe.
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Hyosung
Kordsa Global
Kolon Industries
SRF Ltd
Performance Fibers
Firestone
Junma
Shenma
Jinlun Group
Maduratex
Kordarna Plus A.S.
Teijin
Milliken & Company
Haiyang Chemical
Xiangyu
Shifeng
Far Eastern Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Nonmetal Automotive Tire Cords Market
Polyester Cords
Nylon Cords
Aramid Cords
Other Synthetic Cords
Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
Two-Wheelers
Industrial Vehicles
Radial Tires
Bias Ply Tires
High-Performance Tires
All-Terrain Tires
OEM (Original Equipment Manufacturing)
Replacement Tires
Specialized Tires (for racing, off-road, etc.)
Retreaded Tires
Automobile Manufacturers
Tire Manufacturers
Fleet Operators
Retail and Distribution Outlets
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Nonmetal Automotive Tire Cords Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Nonmetal Automotive Tire Cords Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Nonmetal Automotive Tire Cords Market, By Type
6. Global Nonmetal Automotive Tire Cords Market, By Application
7. Global Nonmetal Automotive Tire Cords Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Nonmetal Automotive Tire Cords Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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