Domestic technical textiles Industry Segment-wise consumption of ...

Current level of radialisation in the tyre industry is around 20%. 95% of all passenger cars have radial
tyres while 12% of LCVs have radial tyres and only 3% of M&HCV vehicles have radial tyres. In
future, tyre manufacturers are expected to shift further from nylon tyre cord based tyres to radial tyres
which do not need nylon fabric. In the next 5 years, the radialisation is expected to increase from 20%
to around 40% in the next 5 years.
Consumption norms and the market size
Nylon tyre cord fabric constitutes 18% of the raw material cost and around 12-14% by weight of a
tyre.
Nylon tyre cord consumption norms (Tyre industry)
Tyre production (MT) 11,35,000
No of tyres produced (million) 81.1
% of nylon tyre cord by weight 12-14%
Market share of Nylon tyre cord 80%
Total nylon tyre cord (MT) 118,000
Source: Automotive Tyre Manufacturers Association, Industry survey, IMaCS Analysis
The current and future forecast of tyre cord consumption is given below:-
Nylon Tyre Cord
Domestic usage
2007-08 2012-13
Quantity 118,000 MT 142,500 MT
Value
Rs 2,000 Rs 2,425
crore crore
Source: Industry survey, IMaCS Analysis
The potential market for nylon tyre cord fabric in 2012-13 is estimated at Rs. 2,425 crore up from Rs
2,000 crore in 2007-08 (E). No inflationary increase has been assumed for the price of nylon tyre
cord. In weight terms, the market is expected to grow from 118,000 MT in 2007-08 to 142,500 MT in
2012-13.
Key manufacturers of nylon tyre cord