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City of Industry, CA -- (SBWIRE) -- 06/28/2018 -- This report studies the global Steel Cord industry status, China market entry and growth opportunity, focuses on the Chinese local and International manufacturers, analyzes the China market competition landscape, market size (value and volume), opportunity and challenge, risk and entry barriers.
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 construction mainly reinforcing the casting and at the same time keeping the tire flexible enough to resist shocks and to improve comfort of tires.
The Steel Cord consumption volume was 2888.1 K MT in 2015 and is expected to reach 2947.8 K MT in 2016 and 3388.1 K MT in 2021, growing at a CAGR of 2.82% from 2016 to 2021. China`s sales volume accounted for the highest market share (35.41%) in 2015, followed by Europe.
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At present, the manufactures of Steel Cord are concentrated in North America, Europe, China, Japan, Southeast Asia and India. China is the largest production area in the world, which occupied about 39.49% in 2015. The following areas are Europe and Japan. The global leading players in this market are Bekaert, Jiangsu Xingda Steel Cord, ArcelorMittal, Hyosung, Shandong SNTON Steel Cord, Bridgestone and Shougang Century.
The global Steel Cord market is valued at 4260 million USD in 2017 and is expected to reach 4800 million USD by the end of 2025, growing at a CAGR of 1.5% between 2018 and 2025.
This research report categorizes the China and global Steel Cord market by type, end-use industry, and region.
International Manufacturers Covered
Bekaert
ArcelorMittal
HYOSUNG
Michelin
TOKYO ROPE MFG.CO.,LTD.
Sodetal
Bridgestone
TOKUSEN
BMZ
XINGDA
China Local Manufacturers Covered
SNTON
JUNMA
TESC
Fuxing
JESC
Hengxing
...
By Type
Normal Tensile (NT)
High Tensile (HT)
Others
By Application
Passenger car use
Freight car use
Other
By Region
United States
Europe
Japan
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