Global Steel Cord Market by Manufacturers, Regions, Type and Application, Forecast to 2025 By Innovation Market Research, Inc

 Pulichser: XYZResearch

May 2020

 Pages: 113

 IMR 5363

Global Steel Cord Market will reach 5673.1 Million USD by the end of 2022 with a CAGR of 3.13%. The global Steel Cord market is valued at 4863.6 Million USD in 2017 and will reach 5673.1 Million USD by the end of 2022, growing at a CAGR of 3.13% during 2017-2022. 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 Freight Car Use mainly reinforcing the casting and at the same time keeping the tire flexible enough to resist shocks and to improve comfort of tires.

Steel Cord can be divided into three categories: normal tensile (NT) type, high tensile (HT) type and other type. Normal Tensile (NT) type accounted for the highest proportion in revenue market, with a figure of 58.29% in 2017, followed by High Tensile (HT) type, account for 32.13% and other type account for 9.59%.

The sales market share of global Steel Cord in passenger car use, freight car use and others has been stable year by year, at 54.12%, 41.18% and 4.70% respectively in 2017, and for several consecutive years, the amplitude was within 2 percent. This indicates that the segment of the Steel Cord in the global market tends to be fixed without great changes. Among them, the Steel Cord market has the most promising sales prospects in passenger car use.

Innovation Market Research center data shows that China is the biggest contributor to the Steel Cord revenue market, accounted for 34.79% of the total global market with a revenue of 1692.1 million USD in 2017, followed by United States, 19.03% with a revenue of 925.8 million USD. Regionally, Asia-Pacific is the leader in the whole Steel Cord industry.

Bekaert is the largest company in the global Steel Cord market, accounted for 28.54/% of the revenue market share in 2017, followed by Jiangsu Xingda Steel Cord and ArcelorMittal, accounted for 18.87% and 9.10% of the revenue market share in 2017. The Steel Cord industry is not concentrated, these manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for above 55 % of the revenue market.

2018/6/5 -- Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, announced today that it has completed its previously announced acquisition of Central Steel & Wire Company (“Central Steel & Wire” – OTCPK: CSTW) pursuant to which Central Steel & Wire has become a wholly-owned subsidiary of Ryerson. Central Steel & Wire, with its valued brand spanning more than 100 years, offers a wide selection of products and capabilities, and will continue to operate under its current brand name within the Ryerson network of value-added and intelligently connected service centers.

2018/4/2 -- Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, announced that effective April 2, 2018, it has acquired the assets of Berlin Metals LLC, based in Hammond, Indiana. Terms in the all-cash deal were not disclosed.

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Steel Cord in these regions, from 2014 to 2026 (forecast), covering

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
South America (Brazil, Argentina, Columbia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Global Steel Cord market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
Jiangsu Xingda Steel Cord
Shandong SNTON Steel Cord
Shougang Century
Tokyo Rope MFG
Hubei Fuxing New Material
Henan Hengxing
Junma Tyre Cord
Sumitomo Electric Industries

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Normal Tensile (NT)
High Tensile (HT)

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Steel Cord for each application, including
Passenger Car Use
Freight Car Use

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