As tire designs evolve toward lighter, more efficient, and longer-lasting constructions, reinforcement yarn specifications matter more than ever. Stratview Research’s deep-dive finds the tire yarn market climbing to ~US$3.99 billion by 2024, underpinned by end-market growth and a steady upgrade cycle in reinforcement performance.

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Drivers

• Automotive first. The automotive industry remains the market’s prime mover; rising production and global vehicle fleet size translate directly into higher consumption of reinforcement yarns for OE and replacement tires. Specialty vehicles (agriculture, mining) further amplify unit yarn intensity given their larger tire dimensions.
• Efficiency mandates. Tighter CO₂ targets keep low rolling resistance front-and-center; the associated emphasis on cap plies and optimized carcass design supports premium yarn demand. Moves from multi-ply to single-ply casings also influence reinforcement choices.
• Supply-side readiness. Recent capacity expansions (e.g., Hyosung Vietnam; Kordsa Turkey) illustrate supplier readiness to meet OEM/tire-maker needs for quality, volume, and proximity.

Trends

1) Material hierarchy.

• Polyamide (PA6/PA66): the workhorse across cord ply, cap ply, and bead reinforcement, valued for tenacity and fatigue resistance.
• Polyester (HMLS): the fastest-growing due to modulus/low-shrink advantages, increasingly attractive for stability-critical cords.
• Others (rayon, aramid): niche roles where heat resistance, dimensional stability, or specific performance envelopes are required.

2) Application map. Cord ply not only dominates volume but also posts the highest growth outlook; cap ply adoption is reinforced by rolling-resistance and high-speed durability requirements.

3) Regional shape. Asia-Pacific holds the largest share and the briskest growth trajectory, driven by extensive tire manufacturing footprints and expanding vehicle parc in China and India; Europe and North America remain important for technology, OE programs, and replacement demand.

4) Competitive landscape. Stratview names Kordsa, Shenma, Hyosung, Indorama Ventures, Asahi Kasei, and Kolon among leading players—pursuing high-performance yarn development and strategic alliances with tire and cord-fabric manufacturers to secure offtake and co-development opportunities.

Conclusion

The tire yarn market’s near-term outlook is defined by cord-ply intensity, a polyamide-led but polyester-accelerating material mix, and the gravitational pull of APAC manufacturing ecosystems. With OEMs and tire makers pressing for lower rolling resistance, stability, and durability, yarn suppliers that invest in HMLS polyester, maintain PA6/PA66 quality leadership, and integrate closely with cord-fabric partners should outperform as the market approaches US$4 billion in 2024.