Market Highlights:
Steel cord, a fine strand of several thin wires reinforcing the casting, is made of superior, high carbon steel with the surface plated with brass. Key manufacturers are focusing on the development of advanced steel cords to lead a market transformation towards a more fuel-efficient, safe and low-noise tire, beyond the standards already achieved. In addition to this, increasing investment in research and development will pave the way for competition to run on tire performance and price as well as experience innovative design. The market study is being classified by Type (High Tensile (HT), Normal Tensile (NT) and Others), by Application (Aircraft Tires, Cargo Truck Tires, Light Truck Tires, Car Tires, Conveyer Belts and Other) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Key Players:
The prominent players in the Steel Cord are Bekaert (Belgium), DuPont (United States), Jiangsu Xingda Steel Cord (China), ArcelorMittal (United Kingdom), Hyosung (South Korea), Bridgestone (Japan), Tata (India), Shougang Century (Hong Kong), Tokusen (United States), Usha Martin (India), Tokyo Rope MFG (Japan) and OJSC Byelorussian Steel Works (Belarus).

Major Market Development Highlights
In April 2017, Bekaert and ArcelorMittal have extended their agreement of partnership. ArcelorMittal has extended its shareholdings in its owned subsidiary in Sumaré (Brazil) into the BMB (Belgo Mineira Bekaert Artefatos de Arame Ltda) partnership. Under this agreement, company is going to extends shareholding upto (55.5%) of the steel cord entity in Sumaré and Bekaert.
In August 2020, Bridgestone Launches MasterCore OTR Tyres. This tyre is engineered with ultra-high durability. it is based upon the combination of company's new type of steel cord. this cord is embeded with advanced materials, structure and process engineering.

Key Questions Answered in the Report
What will the Steel Cord Market size and the growth rate be in Future?
What are the key factors driving the Steel Cord Market?
What are the key market trends and macro-economic impacting the growth of the Steel Cord Market?
What are the challenges to market growth?
Who are the key vendors in the Steel Cord Market?
What are the market opportunities and threats faced by the vendors in the Steel Cord Market?
Trending factors influencing the market shares of the Vendors.
What are the key outcomes of the five forces analysis of the Steel Cord Market?

Refer complete Table of Content of Steel Cord Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Steel Cord market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Steel Cord market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Steel Cord Manufacturers, Raw Material Suppliers, Automotive Companies, Technology Providers and Others.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.