Steel Cord Market by Product (Brass Coated, Zinc Coated, Others), by Type (Normal Tensile, High Tensile, Super Tensile, Ultra Tensile, Others), by Application (Tires, Conveyor Belts, Others), by By Geography (North America) Forecast 2024-2032
The Steel Cord Market size was valued at USD 5.03 USD Billion in 2023 and is projected to reach USD 7.56 USD Billion by 2032, exhibiting a CAGR of 6.0 % during the forecast period. Automotive, construction, and manufacturing industries have immense importance for the steel cord market for radial tyres and high-strength wire reinforcements. Steel cords possess unusually high tensile strength alongside inherent flexibility, making it a multipurpose material used in auto industries for manufacturing tyres as well as for reinforcing concrete constructions and industries for making belts and related products. ALC includes regular, compacted, and ultra-fine types, and research with better mechanical properties happens on the technology front. Filled with steel cords they provide safety and increased durability in many uses which in turn help to cut maintenance costs and improve the general performance hence being key in the automotive and industrial industries.
The report provides an in-depth analysis of the steel cord market, including market size, trends, driving forces, challenges, growth catalysts, segmentation, and competitive landscape. It also offers regional insights, consumer and demand side analysis, import-export trends, pricing strategies, and industry outlook.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.0% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.0% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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