The Global Tire Cord Market was valued at USD 3.07 Billion in 2022 and is projected to reach USD 3.94 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period (2022–2029). This expansion reflects increasing vehicle production worldwide and rising demand for high-performance, durable tires across passenger and commercial vehicle segments.

As automotive manufacturers push for improved fuel efficiency and safety standards, tire reinforcement technology has become a critical focus area. These companies are pioneering advanced materials and manufacturing processes that redefine tire performance benchmarks.

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🔟 1. Bekaert

Headquarters: Zwevegem, Belgium
Key Offering: High-tensile steel tire cords, bead wires

As the world’s leading independent steel wire producer, Bekaert supplies ultra-high-strength steel cords to major tire manufacturers globally. Their patented brass-coated steel cords set industry standards for durability and rubber adhesion.

Innovation Focus:

• Lightweight cord technologies reducing tire weight by up to 15%
• Global production network spanning 45 facilities worldwide
• Specialized cords for electric vehicle (EV) tire applications

Download FREE Sample Report: Tire Cord Market – View in Detailed Research Report

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9️⃣ 2. Hyosung Advanced Materials

Headquarters: Seoul, South Korea
Key Offering: High-performance polyester & nylon tire cords

Hyosung leads in synthetic tire cord manufacturing with its proprietary Texnology® platform, delivering superior dimensional stability for modern radial tires.

Innovation Focus:

• Development of hybrid cords combining polyester and aramid fibers
• Annual production capacity exceeding 300,000 metric tons
• Strategic partnerships with global tire manufacturers

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8️⃣ 3. Kolon Industries

Headquarters: Seoul, South Korea
Key Offering: Specialty tire cords, hybrid reinforcements

Kolon’s advanced cord solutions enhance tire performance through innovative material combinations, including their proprietary aramid-polyester hybrid technology.

Innovation Focus:

• AI-driven manufacturing quality control systems
• Expanding capacity in Southeast Asian markets
• R&D focus on low-rolling-resistance cords

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7️⃣ 4. Indorama Ventures

Headquarters: Bangkok, Thailand
Key Offering: High-tenacity polyester tire cords

As one of the largest polyester producers globally, Indorama provides critical reinforcement materials for approximately 20% of the world’s automobile tires.

Innovation Focus:

• Sustainable production initiatives utilizing recycled PET
• Global manufacturing footprint across 7 countries
• Advanced polymer engineering for enhanced cord performance

Download FREE Sample Report: Tire Cord Market – View in Detailed Research Report

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6️⃣ 5. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: Aramid tire cords, specialty reinforcements

Teijin’s Twaron® aramid fibers provide exceptional strength-to-weight characteristics for high-performance and specialty tire applications.

Innovation Focus:

• Development of bio-based aramid alternatives
• Strategic partnerships with premium tire brands
• Custom solutions for aerospace and motorsport applications

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5️⃣ 6. CORDENKA GmbH

Headquarters: Obernburg, Germany
Key Offering: High-performance rayon tire cords

CORDENKA specializes in rayon reinforcements that provide superior thermal stability for demanding truck and aircraft tire applications.

Innovation Focus:

• Sustainable production processes for rayon cords
• Specialized solutions for extreme operating conditions
• Leading European market position

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4️⃣ 7. Century Enka

Headquarters: Pune, India
Key Offering: Nylon 6 & 66 tire cords

As India’s premier nylon cord manufacturer, Century Enka supplies major domestic and international tire producers with high-quality reinforcements.

Innovation Focus:

• Expanding production to meet growing Asian demand
• Advanced twist-setting technologies
• Customized solutions for two-wheeler tires

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3️⃣ 8. SRF Limited

Headquarters: Gurugram, India
Key Offering: Nylon tire cord fabrics

SRF operates one of Asia’s largest nylon cord production facilities, specializing in reinforcements for passenger and light truck tires.

Innovation Focus:

• Energy-efficient manufacturing processes
• Expansion into specialty nylon applications
• Growing export presence in Southeast Asia

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2️⃣ 9. FORMOSA TAFFETA

Headquarters: Taipei, Taiwan
Key Offering: High-quality polyester tire cords

FORMOSA TAFFETA supplies premium polyester reinforcements to tire manufacturers across Asia and North America.

Innovation Focus:

• Advanced moisture control technologies
• Precision-engineered dimensional stability
• Large-scale production capabilities

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1️⃣ 10. Xingda International

Headquarters: Hong Kong
Key Offering: Steel tire cords & bead wires

As China’s largest steel cord producer, Xingda provides cost-effective reinforcement solutions for mass-market tire applications.

Innovation Focus:

• High-strength steel alloy development
• Automated production for consistent quality
• Expanding domestic production capacity

Get Full Report Here: Tire Cord Market – View in Detailed Research Report

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🔍 Market Outlook: Reinventing Tire Performance

The tire cord sector is undergoing a technological transformation as material science innovations meet evolving mobility demands. The shift toward electric vehicles and sustainability initiatives is driving new developments in reinforcement technologies.

🚀 Key Industry Trends:

• Growing adoption of ultra-high-tensile steel cords for EV applications
• Development of hybrid and composite cord materials
• Increasing polyester usage replacing nylon in passenger vehicle tires
• Circular economy initiatives promoting recycled content in tire cords

Get Full Report Here: Tire Cord Market – View in Detailed Research Report

These industry leaders are not just manufacturing tire cords—they’re enabling the next generation of safer, more efficient, and sustainable mobility solutions.