Japan Nylon Tire Cord and Fabrics Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030.
Japan's Nylon Tire Cord and Fabrics Market: Industry Requirements and Trends
In the intricate landscape of Japan's automotive industry, nylon tire cord and fabrics play a pivotal role in ensuring tire durability and performance. These materials reinforce tires, enabling them to withstand high-pressure conditions, heavy loads, and extensive wear. As the automotive sector evolves, understanding the market dynamics and industrial requirements for nylon tire cords in Japan becomes essential.
Market Overview
Japan's tire cord fabrics market has shown steady growth. In 2024, the market generated a revenue of USD 299.3 million and is projected to reach USD 376.1 million by 2030, reflecting a compound annual growth rate (CAGR) of 6%. This growth aligns with global trends, where the tire cord fabrics market is expected to expand from USD 5.79 billion in 2024 to USD 8.22 billion by 2030, also at a CAGR of 6%.
Nylon remains a dominant material in tire reinforcement, accounting for approximately 45% of the market share. Its high tensile strength, superior fatigue resistance, and heat tolerance make it especially suitable for commercial and off-road vehicles. Over the past five years, the demand for nylon tire cords has surged by 30%, driven by the growth in heavy-duty and industrial vehicle sectors.
Industrial Requirements
The automotive industry's shift towards electric vehicles (EVs) has influenced the demand for specialized tire materials. EVs, being heavier due to battery packs, require tires with enhanced durability. Nylon tire cords, with their robust properties, meet this requirement effectively. Additionally, the emphasis on fuel efficiency has led manufacturers to seek lightweight yet strong materials, further boosting the demand for nylon-based tire reinforcements.
Japanese companies have been at the forefront of innovation in this sector. By developing high-performance fabrics and integrating automation technologies, they have enhanced tire safety and performance. This continuous innovation ensures that Japanese manufacturers remain competitive both locally and internationally.
Challenges and Opportunities
Despite the positive outlook, the industry faces challenges. For instance, Asahi Kasei, a prominent Japanese company, recently announced the cessation of its tire cord manufacturing operations in Japan. This decision was attributed to sluggish vehicle production growth and an influx of imported products, highlighting the competitive pressures within the market.
However, these challenges also present opportunities. The increasing urbanization in Asia-Pacific regions is expected to drive the demand for vehicles, subsequently boosting the tire cord fabrics market. Projections indicate that the Asia-Pacific market will grow at a CAGR of 6.6% from 2025 to 2030, with countries like India leading this growth. This regional demand offers Japanese manufacturers the chance to expand their footprint and cater to emerging markets.
Future Outlook
As the global automotive landscape undergoes transformation, the role of nylon tire cords and fabrics in ensuring vehicle safety and performance becomes even more critical. Manufacturers that adapt to changing demands, invest in research and development, and focus on sustainable practices are poised to lead in this evolving market. The integration of advanced materials and technologies will not only meet the current requirements but also set new standards for the future of tire manufacturing.
In conclusion, while the Japan nylon tire cord and fabrics market faces its set of challenges, the confluence of technological innovation and expanding regional demand presents a promising horizon for industry stakeholders.
Get an In-Depth Research Analysis of the Japan Nylon Tire Cord and Fabrics Market Size And Forecast [2025-2032]
Hyosung
Kordsa Teknik Tekstil
Kolon Industries
SRF Ltd
Indorama Ventures
Firestone
Maduratex
Kordarna Plus
Teijin
Toray Hybrid Cord
Milliken & Company
Far Eastern Group
Century Enka
Cordenka
Junma Tyre Cord
Shenma Industrial
Jinlun Group
Jiangsu Haiyang
Shandong Xiangyu
Shifeng Group
Shandong Tianheng
Jiangsu Taiji
Dongping Jinma Tyre Cord Fabric
Zhejiang Hailide New Material
Shandong Helon Polytex
Bestory Chemical Fiber
Zhejiang Unifull Industrial Fibre
Shandong Hesheng
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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.
Get Discount On The Purchase of the Japan Nylon Tire Cord and Fabrics Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Japan Nylon Tire Cord and Fabrics Market
Automotive
Aerospace
Industrial
Construction
Consumer Goods
Fibers
Yarns
Fabrics
Rope
Others
Automotive Industry
Textile Industry
Construction Industry
Mining Industry
Other Manufacturing Industries
Wet Spinning
Dry Spinning
Other Processes
Polyamide (Nylon 6, Nylon 66)
Polyester
Aramid
Others
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ Japan Nylon Tire Cord and Fabrics Market Research Analysis
1. Introduction of the Japan Nylon Tire Cord and Fabrics 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. Japan Nylon Tire Cord and Fabrics Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Nylon Tire Cord and Fabrics Market, By Type
6. Japan Nylon Tire Cord and Fabrics Market, By Application
7. Japan Nylon Tire Cord and Fabrics Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Nylon Tire Cord and Fabrics Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/