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Steel Cord Market Size & Forecast

Historic: 2022-2024 Base Year: 2025 Forecast: 2026–2033
US$ 6.21 Billion
Market Size 2025 · Base Year
US$ 10.32 Billion
Projected Market Size by 2033
6.55%
CAGR · 2026–2033
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BMIPUB00039403 56+ Countries Covered 10 Major Companies Profiled PEST & SWOT Analysis Competitive Heat Map
At a Glance

Report Coverage

56 +
Countries
56+ countries across North America, Europe, Asia-Pacific, South and Central America, Middle East and Africa
12
Year Assessment
Comprehensive Market Analysis Covering 3 Years of Historical Data (2022–2024), Base Year (2025), and 8-Year Forecast (2026–2033)
10 +
Major Players
Major companies profiled including Sumitomo Electric Industries, Ltd., ArcelorMittal, HYOSUNG ADVANCED MATERIALS, Henan Hengxing Science & Technology Co., Ltd., Bekaert
350
Report Pages
Pages of deep-dive analysis with PEST, SWOT, competitive heat maps and datasets
What's Fueling Growth

Market Drivers

  • Rising tire demand from automotive OEM and aftermarket sectors

  • Expanding automotive production increases tire reinforcement demand

  • Growing infrastructure development supports commercial vehicle tires

Where Growth Opportunities Exist

Key Opportunities

  • Infrastructure projects can increase demand for reinforced tires

  • Technological advancements enable higher-performance steel cords

  • Expanding Asia Pacific automotive production creates opportunities

What Could Slow It Down

Market Restraints

  • Fluctuations in steel prices can pressure manufacturer margins

  • Environmental regulations increase pressure on production processes

  • Competition from alternative tire reinforcement materials can rise

Market Segmentation

Coverage by Segment

Product

Brass Coated
Zinc Coated

Type

Normal Tensile
High Tensile
Super Tensile

Application

Tires
Conveyor Belts
Geographic Breakdown

Regional Intelligence

NA North America
EU Europe
APAC Asia-Pacific
SCA South & Central America
MEA Middle East & Africa
Competitive Landscape

Major Market Players

Listed for reference — companies are not ranked in any particular order.

Sumitomo Electric Industries, Ltd.
ArcelorMittal
HYOSUNG ADVANCED MATERIALS
Henan Hengxing Science & Technology Co., Ltd.
Bekaert
TOKUSEN KOGYO Co.,ltd
Forech
ContiTech Deutschland GmbH
Bridgestone (SHENYANG) Steelcord Co., Ltd
HL Group Ltd.
What's Inside

Report Scope & Deliverables

Market Size 2025 US$ 6.21 Billion
Market Size 2033 US$ 10.32 Billion
CAGR 2026–2033 6.55%
Segments By Product (Brass Coated, Zinc Coated)  |  By Type (Normal Tensile, High Tensile, Super Tensile)  |  By Application (Tires, Conveyor Belts)
Geographies North America (US, Canada, Mexico)  ·  Europe (Germany, Italy, France, UK, Spain, Belgium, Netherlands, Luxembourg, Norway, Finland, Denmark, Sweden, Switzerland, Austria, Greece, Portugal, Russia, Poland, Romania, Czech Republic, Ukraine, Slovakia, Bulgaria)  ·  Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Taiwan, Bangladesh)  ·  South and Central America (Brazil, Argentina, Chile, Colombia, Peru)  ·  Middle East and Africa (Saudi Arabia, UAE, Kuwait, Bahrain, Qatar, Oman, Turkiye, South Africa, Egypt, Nigeria, Algeria)
Deliverables Historical analysis with CAGR · PEST & SWOT analysis · Market Size at Global, Regional, and Country Levels · Competitive heat map · Company profiles · Excel dataset
Report Code BMIPUB00039403
Lead Analyst Suraj Sajeev — Manager, Research & Consulting · View Profile
With Full Report Access

Gain actionable insights with 350 pages of in-depth Steel Cord Market, including historical trends, 8-year market forecasts, SWOT analysis, competitive landscapes, and downloadable Excel datasets in a single comprehensive package.