The Global Steel Cord Fabric Market was valued at USD 4.8 Billion in 2023 and is projected to reach USD 6.7 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period (2024–2030). This robust growth is fueled by rising demand from the automotive tire industry, increasing infrastructure development activities, and the expanding application of steel cord fabric in conveyor belts and rubber hoses for industrial use. The market dynamics are further influenced by technological advancements in cord manufacturing and a strategic shift towards high-strength and ultra-high-strength steel cord variants to meet performance and sustainability targets.

As global economies prioritize durable and high-performance materials for critical applications, the role of steel cord fabric manufacturers becomes increasingly pivotal. These companies are not only supplying essential reinforcement materials but are also driving innovation in material science to enhance product longevity, reduce weight, and improve safety standards. In this analysis, we profile the Top 10 Companies in the Global Steel Cord Fabric Industry—a group of established manufacturers and innovators that are strengthening the backbone of modern transportation and industrial systems.

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🔟 1. Bekaert

Headquarters: Zwevegem, Belgium
Key Offering: Steel cord for tires, Steel cord for conveyor belts, High Carbon Steel Wire

Bekaert is a world-leading supplier of steel cord and steel wire solutions, holding a significant market share in the tire reinforcement sector. The company’s advanced steel cord fabrics are critical components in radial tires, providing the necessary strength, durability, and flexibility. With a global production footprint and a strong focus on R&D, Bekaert continuously develops new cord designs to meet the evolving demands of tire manufacturers for improved fuel efficiency and performance.

Innovation and Sustainability Initiatives:

• Development of high-strength and ultra-high-strength steel cords for lighter, more fuel-efficient tires

• Investment in sustainable manufacturing processes and circular economy principles

• Global partnerships with major tire producers like Michelin, Bridgestone, and Goodyear

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9️⃣ 2. Hyosung Corporation

Headquarters: Seoul, South Korea
Key Offering: Tire Cord Fabric, Industrial Textiles, Advanced Materials

Hyosung Corporation is a global leader in the production of tire cord fabrics, including steel cord, polyester, and nylon cord. Its steel cord division is a key supplier to the Asian and global tire markets, renowned for its consistent quality and technical expertise. The company’s integrated production system, from raw materials to finished cord fabric, ensures stringent quality control and supply chain reliability for its customers.

Innovation and Sustainability Initiatives:

• Expansion of production capacity for high-tenacity steel cord

• Focus on eco-friendly production technologies and resource efficiency

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8️⃣ 3. Kordsa

Headquarters: Istanbul, Turkey
Key Offering: Tire Reinforcement Materials, Industrial Yarns, Composite Technologies

Kordsa, a subsidiary of Sabancı Holding, is a major global player in tire and construction reinforcement technologies. The company’s steel cord product portfolio is integral to the performance of radial tires, ensuring safety and longevity. Kordsa’s strong presence in emerging markets and its commitment to innovation position it as a key enabler of the automotive industry’s growth.

Innovation and Sustainability Initiatives:

• R&D center focused on next-generation reinforcement materials

• Commitment to sustainability through energy-efficient manufacturing and waste reduction

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7️⃣ 4. Tokusen USA

Headquarters: Conway, Arkansas, USA
Key Offering: High-Carbon Steel Wire, Tire Bead Wire, Specialty Wire Products

Tokusen USA is a leading North American producer of high-carbon steel wire, specializing in tire bead wire and other steel cord applications. The company serves the automotive tire industry with high-quality, reliable products manufactured to meet stringent industry standards. Its strategic location allows it to effectively supply the major tire manufacturing hubs in the United States and Mexico.

Innovation and Sustainability Initiatives:

• Advanced wire drawing and brass coating technologies for superior product quality

• Ongoing process optimization to minimize environmental impact

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6️⃣ 5. Xingda International Holdings Limited

Headquarters: Hong Kong
Key Offering: Steel Tire Cord, Steel Cord for Conveyor Belts, PC Strands and Wires

Xingda International is one of the largest manufacturers of steel cord in China and a significant global supplier. The company’s primary focus is on steel cord for radial tires, catering to both domestic Chinese tire makers and international clients. Its vertically integrated operations provide a competitive advantage in cost control and quality assurance.

Innovation and Sustainability Initiatives:

• Continuous capacity expansion to meet growing global demand

• Investment in R&D to develop cords for new tire specifications and electric vehicle (EV) applications

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5️⃣ 6. Jiangsu Xingda Steel Tyre Cord Co., Ltd.

Headquarters: Jingjiang, Jiangsu, China
Key Offering: Steel Tyre Cord, Steel Cord for Conveyor Belts

As a key subsidiary of Xingda International, Jiangsu Xingda Steel Tyre Cord is a major production base specializing in high-quality steel cord fabrics. The company leverages advanced German and Belgian technology to produce cords that meet international quality benchmarks, supplying a vast network of tire manufacturers across the globe.

Innovation and Sustainability Initiatives:

• Implementation of automated production lines for enhanced precision and efficiency

• Focus on producing environmentally compliant products aligned with global standards

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4️⃣ 7. Shandong SNTON Steel Cord Co., Ltd.

Headquarters: Weifang, Shandong, China
Key Offering: Steel Cord for Tires, Steel Cord for Conveyor Belts, Brass Coated Steel Wire

Shandong SNTON Steel Cord is a prominent Chinese manufacturer with a strong export orientation. The company produces a wide range of steel cord products used primarily in radial tires and heavy-duty conveyor belts. Its competitive pricing and reliable quality have made it a preferred supplier for many tire companies worldwide.

Innovation and Sustainability Initiatives:

• Expansion into high-value-added, ultra-high-strength cord products

• Adoption of energy-saving technologies in the manufacturing process

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3️⃣ 8. Henan Hengxing Science & Technology Co., Ltd.

Headquarters: Xuchang, Henan, China
Key Offering: Steel Cord, Prestressed Steel Strands, PC Wire

Henan Hengxing Science & Technology is a diversified manufacturer of steel products, with a significant business segment dedicated to steel cord for the tire industry. The company has established itself as a reliable domestic supplier in China and is increasingly targeting international markets with its cost-effective and high-performance cord solutions.

Innovation and Sustainability Initiatives:

• Diversification of product portfolio to include advanced steel cord types

• Focus on improving product consistency and technical service support

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2️⃣ 9. Kiswire Ltd.

Headquarters: Seoul, South Korea
Key Offering: Steel Wire Rope, Tire Cord, Prestressing Steel Wire

Kiswire is a leading South Korean wire rope and steel cord manufacturer with a global presence. The company’s steel cord division produces high-tensile cord used in tire reinforcement, known for its excellent adhesion to rubber and consistent performance. Kiswire’s long-standing expertise in wire technology gives it a strong technical foundation in the market.

Innovation and Sustainability Initiatives:

• Development of specialized cord designs for off-road and high-performance tires

• Global production network ensuring stable supply to customers worldwide

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1️⃣ 10. Bridon-Bekaert The Ropes Group

Headquarters: Doncaster, United Kingdom
Key Offering: Advanced Wire Ropes, Steel Cord for Industrial Applications

Formed by the merger of Bridon and Bekaert’s wire rope divisions, this group is a global leader in advanced steel cord and wire rope solutions. While renowned for its industrial ropes, its expertise in high-carbon steel cord technology is applied to specialized industrial fabrics, including reinforced rubber products beyond tires, such as large-diameter hoses and offshore mooring lines.

Innovation and Sustainability Initiatives:

• Pioneering research in high-performance steel cord for extreme environment applications

• Commitment to safety and sustainability across its product lifecycle

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Global Steel Cord Fabric Market – View in Detailed Research Report

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🌍 Outlook: The Future of Steel Cord Fabric Is Stronger and Smarter

The steel cord fabric market is evolving rapidly, driven by the twin engines of automotive innovation and industrial growth. While traditional applications in tire manufacturing continue to dominate, the industry is investing heavily in developing smarter, lighter, and more sustainable cord solutions to meet the challenges of the future.

📈 Key Trends Shaping the Market:

• Shift towards Ultra-High-Strength Steel (UHSS) cords for lighter weight tires, contributing to vehicle fuel efficiency and reduced emissions.

• Increasing demand driven by the electric vehicle (EV) revolution, which requires tires with specific performance characteristics that rely on advanced steel cord reinforcement.

• Growth in mining and infrastructure projects fueling demand for steel cord-reinforced conveyor belts.

• Technological advancements in brass coating and cord construction to enhance rubber adhesion and corrosion resistance.

Get Full Report Here:
Global Steel Cord Fabric Market – View in Detailed Research Report

The companies listed above are not only supplying a critical industrial material—they are actively reinforcing the infrastructure of modern mobility and industry. Their continuous innovation ensures that steel cord fabric will remain an indispensable component in building a safer, more efficient, and sustainable world.