Steel Cord Market Growth Analysis, Industry Trends, Business Overview and Forecast 2032

the global Steel Cord Market size was USD 580 million in 2022 and is expected to reach a value of USD 899.77 million in 2032 and register a revenue CAGR of 5% during the forecast period. The expansion of the market may be ascribed to factors such as the quickly growing automotive and construction sectors, especially in developing nations, and the increasing demand for high-performance tyres with increased durability and safety features.

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Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, R&D investments, and joint ventures to gain robust footing in the market. 

Major Companies:

• Bekaert SA
• Bridgestone Corporation
• MetallurgicaBresciana S.p.A.
• Nippon Steel Corporation
• Shandong Daye Co. Ltd.
• Tokusen USA, Inc.
• Toranomon Kikai Co., Ltd.
• Kiswire Ltd.
• Sumitomo Electric Industries, Ltd.
• Gusco Group Inc.

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Steel Cord Market Segmentation:

Type Outlook:

• Radial Steel Cord
• Bias Steel Cord

 Application Outlook:

• Tire Manufacturing
• Industrial Belts
• Hose Reinforcement
• Others

Regional Outlook:

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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