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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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QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert's resources (included energy automotive chemical medical ICT consumer goods etc.