The Global Tire Reinforcing Material Market was valued at USD 23.5 Billion in 2024 and is projected to reach USD 31.2 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period (2024–2030). This growth is being driven by increasing global vehicle production, rising demand for high-performance and fuel-efficient tires, and the accelerating adoption of sustainable and lightweight materials across passenger and commercial vehicle sectors.

As the automotive industry pivots toward enhanced safety, durability, and environmental sustainability, the spotlight is on the key material suppliers who are driving innovation in tire reinforcement. In this blog, we profile the Top 10 Companies in the Tire Reinforcing Material Industry—a mix of steel cord specialists, textile innovators, and chemical giants shaping the future of global tire manufacturing.

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🔟 1. Bekaert

Headquarters: Zwevegem, Belgium
Key Offering: Steel cord, brass-coated steel wire, bead wire

Bekaert is a world leader in steel wire transformation and coating technologies, serving as a top supplier of steel cord for tire reinforcement. Their high-tensile strength steel cords are critical for radial tires, providing the necessary durability and puncture resistance demanded by OEMs and tire manufacturers globally.

Innovation Initiatives:

• Development of ultra-high-strength steel cord for lightweight tires

• Investment in sustainable manufacturing and circular economy practices

• Global production footprint with facilities in Europe, Asia, and the Americas

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9️⃣ 2. Hyosung

Headquarters: Seoul, South Korea
Key Offering: Nylon tire cord, polyester yarn, aramid fiber (Teron®)

Hyosung is a major global player in textile tire cord fabrics, particularly known for its high-performance nylon and polyester products. The company’s advanced materials contribute to tire dimensional stability, heat resistance, and overall longevity, making them a preferred partner for premium tire brands.

Innovation Initiatives:

• Pioneering TPA (Tire Performance Additive) technology

• Expansion of aramid fiber production for high-performance applications

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8️⃣ 3. Kiswire

Headquarters: Seoul, South Korea
Key Offering: Steel tire cord, high-carbon steel wire

Kiswire is one of the world’s leading manufacturers of steel tire cord, with a strong focus on the Asian and North American markets. The company’s products are essential for reinforcing radial tires, offering superior strength and fatigue resistance for various vehicle types.

Innovation Initiatives:

• R&D into advanced wire coatings for improved rubber adhesion

• Strategic partnerships with global tire makers for custom solutions

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7️⃣ 4. Jiangsu Xingda Steel Cord

Headquarters: Jiangsu, China
Key Offering: Steel tire cord, bead wire, hose reinforcement wire

Jiangsu Xingda Steel Cord is a dominant force in the Asian tire reinforcing material market, specializing in the production of steel cord and bead wire. As one of the largest suppliers in China, the company plays a crucial role in the domestic and international tire supply chain.

Innovation Initiatives:

• Focus on cost-effective, high-volume production for mass-market tires

• Continuous improvement in wire tensile strength and corrosion resistance

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6️⃣ 5. Shandong SNTON Steel Cord

Headquarters: Shandong, China
Key Offering: Steel cord for radial tires, brass-coated steel wire

Shandong SNTON Steel Cord is a key manufacturer of high-quality steel cord products used in radial tires for passenger cars, trucks, and off-road vehicles. The company has established a significant market presence through its reliable supply chain and consistent product quality.

Innovation Initiatives:

• Investment in automated production lines to enhance efficiency

• Development of eco-friendly manufacturing processes

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

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5️⃣ 6. Bridgestone

Headquarters: Tokyo, Japan
Key Offering: In-house tire cord development, sustainable materials (ENLITEN®)

While primarily a tire manufacturer, Bridgestone maintains significant expertise and production capabilities in tire reinforcing materials. The company’s vertical integration strategy includes the development of proprietary cord technologies that enhance tire performance, durability, and fuel efficiency.

Innovation Initiatives:

• Leadership in sustainable tire technology with the ENLITEN platform

• R&D into bio-sourced and recycled materials for tire reinforcement

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4️⃣ 7. Tokusen

Headquarters: Osaka, Japan
Key Offering: Ultra-high tensile strength steel wire, tire bead wire

Tokusen USA, a subsidiary of Tokyo Rope Manufacturing, is a specialized producer of high-carbon steel wire used in tire beads and other reinforcement applications. The company’s products are known for their exceptional quality and are used by tire manufacturers seeking premium performance characteristics.

Innovation Initiatives:

• Specialization in ultra-high tensile strength wire for demanding applications

• Focus on metallurgical R&D to improve wire fatigue life

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3️⃣ 8. Tokyo Rope MFG

Headquarters: Tokyo, Japan
Key Offering: Steel cord, wire rope, synthetic fiber ropes

Tokyo Rope Manufacturing is a longstanding manufacturer of steel cord and other wire products for the tire industry. With a history of engineering excellence, the company supplies high-grade reinforcement materials that meet the stringent requirements of global tire safety standards.

Innovation Initiatives:

• Development of advanced steel cord constructions for noise reduction

• Commitment to quality control and international certification standards

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2️⃣ 9. Shougang Century

Headquarters: Beijing, China
Key Offering: Steel tire cord, cord fabric

Shougang Century, part of the Shougang Group, is a significant producer of steel tire cord in China. The company leverages its integrated steel production capabilities to deliver cost-competitive and reliable reinforcement materials to the tire industry.

Innovation Initiatives:

• Integration with upstream steel production for supply chain stability

• Expansion of product portfolio to include varied cord specifications

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1️⃣ 10. Sumitomo Electric Industries

Headquarters: Osaka, Japan
Key Offering: Steel cord, rubber reinforcing fiber (Bekitex®)

Sumitomo Electric Industries is a diversified technology company with a strong presence in the tire reinforcement sector. The company produces high-quality steel cord and also develops innovative rubber and textile composite materials that enhance tire performance and sustainability.

Innovation Initiatives:

• Pioneering work in hybrid reinforcement materials

• Focus on developing materials for electric vehicle-specific tires

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

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🌍 Outlook: The Future of Tire Reinforcement Is Smarter and Greener

The tire reinforcing material market is undergoing a significant transformation. While steel and traditional textiles continue to dominate, the industry is increasingly focused on lightweight composites, sustainable sourcing, and smart materials that contribute to the circular economy.

📈 Key Trends Shaping the Market:

• R&D into bio-based and recycled reinforcing materials to reduce environmental impact

• Growing demand for high-strength, lightweight materials to improve electric vehicle range

• Advancements in material science enabling longer tire life and improved fuel efficiency

• Increasing regulatory pressure for sustainable tire production and end-of-life recycling

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

The companies listed above are not only reinforcing the world’s tires—they’re driving the innovation and sustainability of next-generation mobility.