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Steel Cord Tire Frame Materials Market - Global Forecast to 2030

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    Report

  • 191 Pages
  • May 2025
  • Region: Global, United States
  • 360iResearch™
  • ID: 6085037
1h Free Analyst Time
1h Free Analyst Time

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The steel cord component stands at the heart of modern tire architecture, delivering the critical strength and flexibility that underpin safety, performance, and durability. As global transportation demands evolve, tire manufacturers increasingly rely on sophisticated steel cord formulations to meet rigorous standards for load-bearing capacity, fuel efficiency, and ride comfort. Recent advancements in cold drawing, polymer coating, and heat treatment have refined the microstructure of high-tensile steel wires, enhancing their fatigue resistance and adhesion to rubber matrices. Consequently, supply chain stakeholders-from raw material suppliers to tire assemblers-face fresh opportunities and challenges in optimizing production, reducing costs, and ensuring consistent quality. This introduction sets the stage for a comprehensive exploration of market dynamics, regulatory shifts, and strategic imperatives shaping the steel cord tire frame materials landscape.

Transformative Shifts in the Steel Cord Landscape

The industry is undergoing a series of transformative shifts that redefine competitive positioning and product innovation. First, next-generation steel cord grades featuring ultra-high tensile strength and corrosion-resistant coatings have emerged, enabling lighter tire constructions without compromising performance. Second, environmental and safety regulations have accelerated the adoption of low-emission melting furnaces and closed-loop recycling systems within mill operations. As a result, producers must balance capital investments in green technologies with pressing demands for cost containment. Third, the electrification of vehicles is driving a paradigm shift toward tires that prioritize noise reduction and rolling resistance-criteria that steel cord suppliers must address through tailored fiber-metal hybrid solutions. Finally, digital twins and real-time monitoring across the value chain are enhancing process control, predictive maintenance, and traceability, allowing stakeholders to respond swiftly to market fluctuations and quality deviations. By understanding these developments, industry players can position themselves to capture new revenue streams and reinforce supply chain resilience.

Cumulative Impact of United States Tariffs 2025

The introduction of new tariffs by the United States in 2025 has exerted a cumulative impact across the steel cord supply chain. Import duties on key intermediate products have raised landed costs for tire manufacturers, compelling them to reassess sourcing strategies and inventory buffers. Domestic mills have benefited from a degree of protection, yet many face higher input costs for scrap steel and alloying elements, driven by reciprocal duties abroad. To mitigate margin erosion, several assemblers have accelerated localization efforts by forging joint ventures with regional suppliers or by stocking premium grades in bonded warehouses. Simultaneously, niche players have capitalized on duty exemptions for specialized steel cord variants used in defense and aerospace applications. This evolving tariff regime continues to influence procurement decisions, contractual negotiations, and long-term capacity planning, underscoring the importance of agile trade compliance and dynamic cost modeling.

Key Segmentation Insights Across Seven Categories

An analysis of seven core segmentation categories reveals divergent growth trajectories and procurement priorities. Segmentation 1 underscores the dominance of passenger vehicle applications, where mid-grade steel cords balance performance with cost efficiency. Segmentation 2 highlights the niche demand for high-load commercial truck tires, which necessitates ultra-high tensile wires and advanced polymer treatments. Segmentation 3 demonstrates the emergence of electric and hybrid vehicle segments that favor low-noise, vibration-damping steel cord constructions. Segmentation 4 explores off-road and agricultural tire markets, where durability and wear resistance drive the adoption of multi-filament steel cords. Segmentation 5 examines retreading operations, a mature slice of the market that values consistent bond strength and lifecycle performance. Segmentation 6 addresses specialty tires-such as aircraft, mining, and industrial varieties-where tailor-made alloys and customized formulations command premium pricing. Finally, Segmentation 7 pertains to aftermarket distribution channels, where steel cord traceability and quality certification serve as key differentiators.

Key Regional Insights and Growth Drivers

Regional dynamics are reshaping competitive advantages across three major territories. In the Americas, steel cord demand remains buoyed by robust replacement tire markets, incentivizing capacity expansions in the United States and Brazil; local producers emphasize domestic content, leveraging shorter lead times and responsive support services. Within Europe, Middle East & Africa, stringent environmental directives and urban mobility initiatives spur innovation in lightweight cord designs while driving incremental growth in Eastern European plants. Meanwhile, Asia-Pacific exhibits the fastest capacity additions, particularly in China, India, and Southeast Asia, where economies of scale and government incentives underpin rapid scale-up; suppliers in Japan and South Korea lead in high-end cord technologies, catering to both domestic assemblers and export markets.

Key Company Insights and Competitive Dynamics

An examination of leading steel cord manufacturers provides insight into innovation trajectories and competitive positioning. ArcelorMittal S.A. continues to invest in advanced coiling lines and zero-waste operations. Bekaert Corporation leverages proprietary polymer coatings to enhance cord-rubber adhesion. Bridgestone Corporation integrates steel cord development within its tire performance labs to optimize noise and rolling resistance. Chungwoo Rope Co. Ltd. focuses on high-tensile copper-coated wires for premium truck tires. Gs Global Corp. differentiates through agile production cells in emerging markets. Hebei Berun New Material Technology Co., Ltd. pioneers specialized alloy compositions for extreme-load scenarios. Hyosung Corporation deploys AI-driven process control to ensure consistent mechanical properties. Jiangsu Xingda Steel Cord Co., Ltd. emphasizes scale and vertical integration from wire rod to finished coil. Kiswire Ltd. capitalizes on proprietary ultrasonic testing for quality assurance. Sava Tires d.o.o. extends its value proposition through just-in-time delivery programs. Shandong Daye Co., Ltd. leads cost competitiveness via optimized cold-drawing techniques. Sumitomo Electric Industries, Ltd. explores fiber-metal hybrid cords for next-gen mobility. Tata Steel Europe Ltd. targets sustainability credentials through electric-arc furnace operations. Tokusen U.S.A. Inc. specializes in niche defense-grade cords with rigorous certification standards.

Actionable Recommendations for Industry Leaders

To navigate this complex market, industry leaders should adopt a multi-pronged strategy. First, prioritize investment in R&D for next-generation cord alloys and coatings, aligning product roadmaps with the evolving demands of electric and autonomous vehicle platforms. Second, strengthen supply chain resilience by diversifying raw material sources, establishing strategic partnerships with scrap suppliers, and securing duty-exempt inventory lines in key markets. Third, implement digital tracking systems that integrate IoT sensors and blockchain to bolster traceability, quality assurance, and customer transparency. Fourth, pursue targeted capacity expansions or co-manufacturing alliances in high-growth regions to capture first-mover advantages while optimizing logistics costs. Fifth, deepen collaboration with tire assemblers on joint development projects, leveraging shared test facilities to accelerate time-to-market for specialized cord variants. By acting decisively on these fronts, suppliers can reinforce their technological leadership and safeguard profitability under shifting regulatory and trade conditions.

Conclusion and Strategic Imperatives

Steel cord tire frame materials occupy a pivotal position in the broader mobility ecosystem, underpinning vehicle safety, efficiency, and sustainability objectives. The industry’s rapid evolution-driven by technological breakthroughs, shifting regulatory regimes, and dynamic demand patterns-requires a proactive approach to innovation, trade management, and market expansion. By synthesizing the insights on transformative shifts, tariff impacts, segmentation nuances, regional dynamics, and competitive landscapes, stakeholders can chart a course toward resilient growth. In an environment marked by rising material costs and fierce competition, success hinges on agility, strategic collaboration, and a relentless focus on lifecycle performance.

Market Segmentation & Coverage

This research report categorizes the Steel Cord Tire Frame Materials Market to forecast the revenues and analyze trends in each of the following sub-segmentations:


This research report categorizes the Steel Cord Tire Frame Materials Market to forecast the revenues and analyze trends in each of the following sub-regions:

  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

This research report categorizes the Steel Cord Tire Frame Materials Market to delves into recent significant developments and analyze trends in each of the following companies:

  • ArcelorMittal S.A.
  • Bekaert Corporation
  • Bridgestone Corporation
  • Chungwoo Rope Co. Ltd.
  • Gs Global Corp.
  • Hebei Berun New Material Technology Co., Ltd.
  • Hyosung Corporation
  • Jiangsu Xingda Steel Cord Co., Ltd.
  • Kiswire Ltd.
  • Sava Tires d.o.o.
  • Shandong Daye Co., Ltd.
  • Sumitomo Electric Industries, Ltd.
  • Tata Steel Europe Ltd.
  • Tokusen U.S.A. Inc.

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Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Market Sizing & Forecasting
5. Market Dynamics
6. Market Insights
6.1. Porter’s Five Forces Analysis
6.2. PESTLE Analysis
7. Cumulative Impact of United States Tariffs 2025
8. Americas Steel Cord Tire Frame Materials Market
8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States
9. Asia-Pacific Steel Cord Tire Frame Materials Market
9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam
10. Europe, Middle East & Africa Steel Cord Tire Frame Materials Market
10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom
11. Competitive Landscape
11.1. Market Share Analysis, 2024
11.2. FPNV Positioning Matrix, 2024
11.3. Competitive Analysis
11.3.1. ArcelorMittal S.A.
11.3.2. Bekaert Corporation
11.3.3. Bridgestone Corporation
11.3.4. Chungwoo Rope Co. Ltd.
11.3.5. Gs Global Corp.
11.3.6. Hebei Berun New Material Technology Co., Ltd.
11.3.7. Hyosung Corporation
11.3.8. Jiangsu Xingda Steel Cord Co., Ltd.
11.3.9. Kiswire Ltd.
11.3.10. Sava Tires d.o.o.
11.3.11. Shandong Daye Co., Ltd.
11.3.12. Sumitomo Electric Industries, Ltd.
11.3.13. Tata Steel Europe Ltd.
11.3.14. Tokusen U.S.A. Inc.
12. ResearchAI
13. ResearchStatistics
14. ResearchContacts
15. ResearchArticles
16. Appendix
List of Figures
FIGURE 1. STEEL CORD TIRE FRAME MATERIALS MARKET MULTI-CURRENCY
FIGURE 2. STEEL CORD TIRE FRAME MATERIALS MARKET MULTI-LANGUAGE
FIGURE 3. STEEL CORD TIRE FRAME MATERIALS MARKET RESEARCH PROCESS
FIGURE 4. GLOBAL STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 5. GLOBAL STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, BY REGION, 2024 VS 2025 VS 2030 (USD MILLION)
FIGURE 6. GLOBAL STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, BY COUNTRY, 2024 VS 2025 VS 2030 (USD MILLION)
FIGURE 7. AMERICAS STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, BY COUNTRY, 2024 VS 2030 (%)
FIGURE 8. AMERICAS STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, BY COUNTRY, 2024 VS 2025 VS 2030 (USD MILLION)
FIGURE 9. UNITED STATES STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, BY STATE, 2024 VS 2030 (%)
FIGURE 10. UNITED STATES STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, BY STATE, 2024 VS 2025 VS 2030 (USD MILLION)
FIGURE 11. ASIA-PACIFIC STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, BY COUNTRY, 2024 VS 2030 (%)
FIGURE 12. ASIA-PACIFIC STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, BY COUNTRY, 2024 VS 2025 VS 2030 (USD MILLION)
FIGURE 13. EUROPE, MIDDLE EAST & AFRICA STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, BY COUNTRY, 2024 VS 2030 (%)
FIGURE 14. EUROPE, MIDDLE EAST & AFRICA STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, BY COUNTRY, 2024 VS 2025 VS 2030 (USD MILLION)
FIGURE 15. STEEL CORD TIRE FRAME MATERIALS MARKET SHARE, BY KEY PLAYER, 2024
FIGURE 16. STEEL CORD TIRE FRAME MATERIALS MARKET, FPNV POSITIONING MATRIX, 2024
List of Tables
TABLE 1. STEEL CORD TIRE FRAME MATERIALS MARKET SEGMENTATION & COVERAGE
TABLE 2. UNITED STATES DOLLAR EXCHANGE RATE, 2018-2024
TABLE 3. GLOBAL STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, 2018-2030 (USD MILLION)
TABLE 4. GLOBAL STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, BY REGION, 2018-2030 (USD MILLION)
TABLE 5. GLOBAL STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, BY COUNTRY, 2018-2030 (USD MILLION)
TABLE 6. AMERICAS STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, BY COUNTRY, 2018-2030 (USD MILLION)
TABLE 7. UNITED STATES STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, BY STATE, 2018-2030 (USD MILLION)
TABLE 8. ASIA-PACIFIC STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, BY COUNTRY, 2018-2030 (USD MILLION)
TABLE 9. EUROPE, MIDDLE EAST & AFRICA STEEL CORD TIRE FRAME MATERIALS MARKET SIZE, BY COUNTRY, 2018-2030 (USD MILLION)
TABLE 10. STEEL CORD TIRE FRAME MATERIALS MARKET SHARE, BY KEY PLAYER, 2024
TABLE 11. STEEL CORD TIRE FRAME MATERIALS MARKET, FPNV POSITIONING MATRIX, 2024

Companies Mentioned

  • ArcelorMittal S.A.
  • Bekaert Corporation
  • Bridgestone Corporation
  • Chungwoo Rope Co. Ltd.
  • Gs Global Corp.
  • Hebei Berun New Material Technology Co., Ltd.
  • Hyosung Corporation
  • Jiangsu Xingda Steel Cord Co., Ltd.
  • Kiswire Ltd.
  • Sava Tires d.o.o.
  • Shandong Daye Co., Ltd.
  • Sumitomo Electric Industries, Ltd.
  • Tata Steel Europe Ltd.
  • Tokusen U.S.A. Inc.

Methodology

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