Global Steel Cord Market Outlook 2018-2023

The Global Steel Cord Market is estimated to develop at a substantial CAGR of 4.2% by 2023. Steel cord comes across as the superfine quality steel wire cord or component for exceptional drives. Those comprise superior high carbon steel and its exterior coated with brass. The steel cord is mainly utilized for the Tyre of Freight Car Use; mostly strengthening the molding and at the similar stage keeping the Tyre sufficiently stretchy to fight jolts and to increase coziness of Tyros.

On the source of the Type of Applications, the statement concentrates on the position and viewpoint for foremost uses. It takes into consideration the intake in terms of sales, market stake, and development percentage of Steel Cord for respective use, including- Use for Freight Car, Use for Passenger Car. The Steel Cord on the source of Type of Product shows the Manufacture, Profits, Price, Market stake and Development percentage of respective category. The market is divided into High Tensile [HT], Normal Tensile [NT].

The Steel Cord market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America [U.S.A, Canada and Mexico], Europe [France, Spain, Germany, U.K., Italy, Russia], Asia Pacific [India, Japan, China, South Korea, Indonesia, Vietnam, and Malaysia], Middle East & Africa [Saudi Arabia, Egypt, Nigeria, South Africa], South America [Brazil, Argentina]. 

The statement revises Trades in terms of intake of Steel Cord in the international market; particularly in North America, Europe, Asia-Pacific, Middle East & Africa, and South America. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on the global basis are JUNMA, TOKUSEN, Sodetal, Michelin, ArcelorMittal, JESC, TESC, Bridgestone, TOKYO ROPE MFG.CO. LTD., HYOSUNG, Bekaert. Additional notable companies operating in the field are Sumitomo Electric Industries, Henan Hengxing, Hubei Fuxing New Material BMZ, Shougang Century, Shandong SNTON Steel Cord, and Jiangsu Xingda Steel Cord.

Global steel cord market is anticipated to grow at a CAGR of 4.2% by 2023, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (passengers cars, commercial vehicles, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the steel cord market on a global and regional level. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the steel cord market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the steel cord market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global steel cord market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the passengers cars, commercial vehicles, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global steel cord market.

Key Applications
- Passengers Cars
- Commercial Vehicles

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- Bekaert
- ArcelorMittal
- Kiswire
- Tokyo Rope
- Hyosung
- Tokusen
- Bridgestone
- Jiangsu Xingda
- Shandong SNTON
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Key Questions Answered in this Report
- What will the market size be in 2023?
- What are the key factors driving the global steel cord market?
- What are the challenges to market growth?
- Who are the key players in the steel cord market?
- What are the market opportunities and threats faced by the key players?