Nylon Tire Yarn Price Trend

Nylon Tire Yarn Prices June 2023

The price of nylon tire yarn in the United States for Q2 2023 reached 3795 USD/MT in June. Similarly, the prices in Asia reached 2550 USD/MT in June 2023. Whereas the price of nylon tire yarn reached 3650 USD/MT in Europe.  

Nylon Tire Yarn Price Trend, Market Analysis, and News

IMARC's latest publication, “Nylon Tire Yarn Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the nylon tire yarn market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of nylon tire yarn at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed nylon tire yarn price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting nylon tire yarn pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Nylon Tire Yarn Market Analysis

The global nylon tire yarn market is expected to project a CAGR of 4.50% during 2023-2032.

• The expanding automotive industry especially in emerging markets is increasing the demand for nylon tire yarn. Nylon is extensively used in the manufacture of tire cords, which are crucial components that help maintain the tire’s shape and enhance its durability. The ongoing rise in vehicle production, coupled with an increasing consumer preference for high-performance vehicles is driving the demand for durable and reliable tire components, such as nylon tire yarn. According to OICA, the United States produced 1,74,5171 million passenger cars and 8 866 384 million commercial vehicles in 2023.
• There is a growing consumer and regulatory emphasis on vehicle safety, fuel efficiency, and performance standards, which encourages the development of high-performance tires. The United States Tire Manufacturers Association successfully advocated for safety-enhancing and pro-competitive provisions to the 2015 federal highway bill known as the Fixing America’s Surface Transportation (FAST) Act. By raising the bar for tire performance, these provisions help to ensure ever-increasing value for consumers and advance U.S. tire manufacturers’ competitiveness. The provisions will align U.S. tire performance standards with other nations by establishing minimum standards for tire fuel efficiency and wet traction. Nylon tire yarn is prized for its high tenacity, excellent abrasion resistance, and fatigue resistance, making it suitable for use in tires. As manufacturers are focusing on producing tires that offer better speed and load capabilities, the demand for high-quality nylon yarn is rising. Besides, the expanding tire market which is expected to reach US$ 256.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032 as stated by IMARC GROUP is also propelling the demand for nylon tire yarn.
• Besides, the expansion of the logistics sector, especially post-pandemic recovery which reached US$ 5.4 Trillion in 2023 as stated by IMARC GROUP, and is expected to reach US$ 7.9 Trillion by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032 is escalating the demand for commercial and heavy-duty vehicles. These vehicles require robust tire solutions that can handle heavier loads and longer distances. Nylon tire yarn, known for its strength and endurance, is ideally suited for such applications, driving its market growth further.

Nylon Tire Yarn News

The report covers the latest developments, updates, and trends impacting the price of nylon tire yarn, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the nylon tire yarn price trend.

Latest developments in the nylon tire yarn industry:

• In September 2021, India-based Century Enka invested INR 300 Crores for strengthening its position in the tire reinforcement market, through the reconstruction of plants and enhancing capacity by 30%. This will help the company in increasing its customer base.

Product Description

Nylon tire yarn is a specialized type of synthetic fiber used predominantly in the manufacturing of tire reinforcement materials. It is derived from nylon known as polyamides, which are produced through a chemical process involving the polymerization of caprolactam. In tire production, nylon tire yarn is primarily used in the construction of tire cords, which are the reinforcing structures in the tire. Tire cords are embedded in the rubber to form the carcass of the tire which provides it with structural integrity and helping to distribute forces evenly across the tire. This reinforcement is essential for the tire’s ability to bear weight, resist impacts, and maintain traction and stability on the road.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the nylon tire yarn price trend. 

Global Nylon Tire Yarn Price

The report offers a holistic view of the global nylon tire yarn pricing trends in the form of nylon tire yarn price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of nylon tire yarn, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed nylon tire yarn demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Nylon Tire Yarn Price

European nylon tire yarn prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for nylon tire yarn can also be provided for an extensive list of European countries.

North America Nylon Tire Yarn Price

The analysis of nylon tire yarn prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific nylon tire yarn historical data within the United States and Canada can also be provided.

Middle East and Africa Nylon Tire Yarn Price

The report explores the nylon tire yarn pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Nylon Tire Yarn Price

The nylon tire yarn pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This nylon tire yarn price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Nylon Tire Yarn Price

The analysis of nylon tire yarn prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of nylon tire yarn pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting nylon tire yarn price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The nylon tire yarn price charts ensure our clients remain at the forefront of the industry.