Global Steel Cord Market overview:

With the slowdown in world economic growth, the Steel Cord industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Steel Cord market size to maintain the average annual growth rate of -2.62% from 6520 million $ in 2014 to 6020 million $ in 2017, Market analysts believe that in the next few years, Steel Cord market size will be further expanded, we expect that by 2022, The market size of the Steel Cord will reach 6280 million $.

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Amidst growing safety concerns and rising demand from the automotive industry, the Global Steel Cord Market for steel cords is witnessing growth. New technologies developed in the automotive industry are seeking the attention of industry leaders that aim to offer an experience of safe and comfortable driving to their customers. Growth of the steel cords market is directly related to growth of the tire industry.

The Global Steel Cord Market is segmented on the basis of Product, industry, Application, Channel and Regions. Based on Product segment, the steel cords market can be segmented as brass coated and zinc coated cords. Brass alloy is most commonly used for coatings as it acts as a reinforcement material. The advantage in using zinc is that increase in the thickness of zinc coating leads to increase in corrosion resistance. On the other note, it decreases fatigue resistance which is one of the drawback. Also, zinc coating creates a lot of zinc particles and zinc dust during the downstream working of the coated filaments such as twisting into cords & strands and cold drawing.

As per regional analysis, Asia Pacific is likely to witness growth owing to the growing tire industry. Changing life style and increasing disposable income of people in Asia is driving the demand for luxury goods like cars, which in turn is leading to the demand for tires. This fast increasing tires demand is driving the steel cords market in this region. The tire industry in the U.S. and Europe is likely to register a slower growth rate owing to the stagnation phase. Latin America and Middle East are also set to witness an increase in steel cords market demand.

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Major Key Players:

1 Bekaert

2 ArcelorMittal

3 HYOSUNG

4 Michelin

5 TOKYO ROPE MFG.CO.,LTD.

6 Sodetal

7 Bridgestone

8 TOKUSEN

9 BMZ

10 XINGDA

11 SNTON

12 JUNMA

13 TESC

14 Fuxing

15 JESC

16 Hengxing

Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

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Table of Contents:

Global Steel Cord Market Report 2018

1 Steel Cord Definition

2 Global Steel Cord Market Major Player Share and Market Overview

3 Major Player Steel Cord Business Introduction

4 Global Steel Cord Market Segmentation (Region Level)

5 Global Steel Cord Market Segmentation (Product Type Level)

6 Global Steel Cord Market Segmentation (Industry Level)

7 Global Steel Cord Market Segmentation (Channel Level)

8 Steel Cord Market Forecast 2018-2022

9 Steel Cord Segmentation Type

10 Steel Cord Segmentation Industry

11 Steel Cord Cost Analysis

12 Conclusion

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