Metal cords are critical reinforcement materials in tire manufacturing
Market Overview
Enhance tire durability, load-bearing capacity, and wear resistance
Primarily made from high-tensile steel with specialized coatings
Essential components for both radial and bias tires
Market Value & Growth Projections
Market Insights:
Current Market Value (2025): USD 3.2 billion
Projected Market Value (2030): USD 4.5 billion
CAGR (2025-2030): 4.8%
Key Market Drivers:
Increasing vehicle production globally
Rising demand for high-performance tires
Fuel efficiency requirements driving advanced tire technologies
EU CO2 emission targets (15% reduction by 2025, 37.5% by 2030)
Growing automotive production in emerging economies (4-6% CAGR)
Market Segmentation
By Type
By Application
Bekaert
Key Market Players
Tokusen
Regional Market Analysis
North America:
Key Countries- USA, Canada, Mexico
Europe:
Key Countries- Germany, UK, France, Russia, Italy, Rest of Europe
Asia-Pacific:
Key Countries- China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific
South America:
Key Countries- Brazil, Argentina, Columbia, Rest of South America
Middle East and Africa:
Key Countries- Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA
