The global steel cord market value will reach $8.55 billion in 2025

Author: QYResearch  |   Published Date: 2018-11-23   |   Views: 344


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.

First, for industry structure analysis, the Steel Cord industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 64 % of the revenue market. Regionally, Asia-Pacific is the biggest revenue market, also the leader in the whole Steel Cord industry.

Second, the Steel Cord industry market is not concentrated as the manufacturing technology of Steel Cord is relatively matures than some high-tech equipment. More than 70% Steel Cord is Normal Tensile (NT), followed by High Tensile (HT), which occupied about 22% sales market share.

Third, the sales of Steel Cord increased from 2627 K MT in 2013 to 3231 K MT in 2016 with an average growth rate of 7.1%.

The global Steel Cord market is valued at 5360 million US$ in 2017 and will reach 8550 million US$ by the end of 2025, growing at a CAGR of 6.0% during 2018-2025.

The Global Steel Cord Market Research Report 2018 This report released by QYResearch provides a basic overview of the Steel Cord industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Steel Cord industry development trends and marketing channels were analyzed.Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Full Report Overview@https://www.qyresearch.com/index/detail/377521/global-steel-cord-market

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