The global tire cord market is expected to reach $7.89 billion by 2026

According to statistics firm MRC, the global tire cord market was worth $4.15 billion in 2017 and is expected to grow to $7.89 billion by 2026,

 with a compound annual growth rate of 7.4%. The increasing use of automobiles and the development of biodegradable products have driven

 the market growth, although volatility in raw material prices has caused some impediments to the market growth.

Tire cord fabric is an industrial grade fabric manufactured by using highly durable yarns. It acts as a skeleton material in car tires and is designed 

and used in a way that helps maintain the shape of the tire while supporting the weight of the vehicle. The tire cord fabric gives the tire some key

 properties, such as improved wear resistance, enhanced tire strength and deformation control.

From the subdivided material type, nylon has high strength, toughness, robustness, relatively excellent fatigue resistance and good adhesion with 

rubber, and will show considerable growth in the forecast period.

Geographically, the world's major automakers are in China, where vehicle production is growing rapidly. The cord fabric market will maintain the 

highest market growth in the Asia-Pacific region during the forecast period due to the growth in passenger car production.