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Steel cord is the fine steel wire strand or rope for special purposes, which are made of superior high-carbon steel and whose surface is plated with brass. Steel cord is a Freight Car Use mainly reinforcing the casting and at the same time keeping the tire flexible enough to resist shocks and to improve comfort of tires.First, for industry structure analysis, the Steel Cord industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 64 % of the revenue market. Regionally, Asia-Pacific is the biggest revenue market, also the leader in the whole Steel Cord industry.
Third, the sales of Steel Cord increased from 2627 K MT in 2013 to 3231 K MT in 2016 with an average growth rate of 7.1%.
Global Steel Cord market size will increase to 8550 Million US$ by 2025, from 5360 Million US$ in 2018, at a CAGR of 6.0% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Steel Cord.
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The objectives of this report are to focus on the key Steel Cord companies and study the capacity, production, value, market share and development plans for next few years. This report also analyses global and regions market potential, advantage, opportunities, challenge, restraints and risks. It helps to identify current trends and factors driving or inhibiting the market growth and to find high growth opportunities in the market for stakeholders. Later this report also talks about the competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Various companies like Bekaert, Jiangsu Xingda Steel Cord, Arcelormittal, Hyosung, Shandong Snton Steel Cord, Bridgestone, Shougang Century, Tokusen, Tokyo Rope Mfg, Hubei Fuxing New Material, Bmz, Henan Hengxing, Junma Tyre Cord, Sumitomo Electric Industries, Sodetal and more are profiled in this report in the terms of capacity, production, value, price, market share, etc. Market has been segmented on the basis of product types and provides the information related to growth rate for each product type, revenue, price, production, revenue forecasts, etc. It has been also segmented by applications which includes growth rate for each application, regional consumption analysis, consumption forecasts, etc.
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Steel Cord Production Breakdown Data by Region
• United States
• Europe
• China
• Japan
• Other Regions
Steel Cord Consumption Breakdown Data by Region
• North America (United States, Canada, Mexico)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam)
• Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
• Central & South America (Brazil, Rest of South America)
• Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Rest of Middle East & Africa)
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Release ID: 477290
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