Global Automotive Metal Cords Market Research Report 2025(Status and Outlook)

The global Automotive Metal Cords Market continues to demonstrate strong growth, with its valuation reaching USD 2.15 billion in 2024. According to the latest industry analysis, the market is projected to grow at a CAGR of 4.8%, reaching approximately USD 3.35 billion by 2032. This growth is largely fueled by increasing demand for high-performance tires in passenger and commercial vehicles, particularly in emerging economies where vehicle production and sales are surging due to urbanization and infrastructure development.

Automotive metal cords are essential components in radial tire manufacturing, providing reinforcement and structural integrity to ensure durability and safety on the road. Their high tensile strength and corrosion resistance make them indispensable in the automotive sector, especially as manufacturers focus on lightweight yet robust materials to improve fuel efficiency. As electric vehicles proliferate and regulatory standards for tire performance tighten, suppliers and automakers are ramping up investments in advanced cord technologies to meet evolving safety and environmental requirements.

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Market Overview & Regional Analysis

Asia-Pacific holds a commanding position in the global automotive metal cords market, accounting for over 55% of production and consumption, propelled by booming automotive manufacturing hubs in China, India, and Japan. This region benefits from extensive tire production facilities, government incentives for vehicle exports, and a robust supply chain for raw steel materials, all of which drive steady demand for both normal and high-tensile cords in tire fabrication.

North America experiences solid expansion thanks to a mature automotive industry and rising adoption of premium tires equipped with advanced reinforcement materials. Europe stands out with stringent safety regulations and a push toward sustainable manufacturing practices, including the use of recycled steel in cords. Meanwhile, regions like South America and the Middle East & Africa are emerging as growth hotspots, though they grapple with import dependencies and varying levels of industrial infrastructure.

Key Market Drivers and Opportunities

Several factors are propelling the automotive metal cords market forward, including the global surge in vehicle production, particularly for SUVs and electric models that require superior tire reinforcement. The emphasis on road safety, coupled with innovations in tire design for better handling and longevity, is boosting demand. Passenger car tires represent a significant portion of the market, while commercial vehicles contribute through heavy-duty applications that demand high-strength cords. Furthermore, the rise of autonomous driving technologies opens doors for specialized cords that enhance vehicle stability.

Beyond current trends, opportunities abound in developing eco-friendly cords using low-carbon steel and integrating smart materials for real-time tire monitoring. The expansion of electric vehicle fleets in Asia and Europe creates niches for lightweight cords that support extended range and efficiency. Additionally, partnerships between tire makers and cord suppliers in developing markets like Southeast Asia and Latin America could unlock substantial export potential, as local assembly lines scale up to meet rising consumer needs.

Challenges & Restraints

Despite its promising trajectory, the automotive metal cords market encounters hurdles such as fluctuating steel prices influenced by global commodity markets and geopolitical tensions affecting supply chains. Environmental concerns over mining and production processes are prompting stricter emissions regulations, which increase operational costs for manufacturers. Moreover, intense competition from synthetic alternatives and overreliance on a few key suppliers in Asia expose the industry to risks from disruptions like trade tariffs or raw material shortages.

Market Segmentation by Type

• Normal Tensile (NT)
• High Tensile (HT)
• Others

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Market Segmentation by Application

• Passenger Cars
• Commercial Vehicles

Market Segmentation and Key Players

• Bekaert
• Xingda Steel Cord
• Kiswire
• Hyosung
• Shandong SNTON Steel Cord
• Bridgestone
• Shougang Century
• Tokusen
• Tokyo Rope MFG
• Hubei Fuxing New Material
• BMZ
• Henan Hengxing
• Junma Tyre Cord
• Sumitomo Electric Industries

Report Scope

This report presents a comprehensive analysis of the global and regional markets for Automotive Metal Cords, covering the period from 2024 to 2032. It includes detailed insights into the current market status and outlook across various regions and countries, with specific focus on:

• Sales, sales volume, and revenue forecasts

• Detailed segmentation by type and application

In addition, the report offers in-depth profiles of key industry players, including:

• Company profiles

• Product specifications

• Production capacity and sales

• Revenue, pricing, gross margins

• Sales performance

It further examines the competitive landscape, highlighting the major vendors and identifying the critical factors expected to challenge market growth.

As part of this research, we surveyed Automotive Metal Cords companies and industry experts. The survey covered various aspects, including:

• Revenue and demand trends

• Product types and recent developments

• Strategic plans and market drivers

• Industry challenges, obstacles, and potential risks

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About 24chemicalresearch

Founded in 2015, 24chemicalresearch has rapidly established itself as a leader in chemical market intelligence, serving clients including over 30 Fortune 500 companies. We provide data-driven insights through rigorous research methodologies, addressing key industry factors such as government policy, emerging technologies, and competitive landscapes.

• Plant-level capacity tracking
• Real-time price monitoring
• Techno-economic feasibility studies

With a dedicated team of researchers possessing over a decade of experience, we focus on delivering actionable, timely, and high-quality reports to help clients achieve their strategic goals. Our mission is to be the most trusted resource for market insights in the chemical and materials industries.

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The automotive metal cords market is intricately tied to the broader tire industry, where these cords serve as the backbone for radial tires that dominate modern vehicles. While traditional steel cords have long been the standard, recent advancements in high-tensile variants are enabling tires to withstand higher speeds and loads without compromising on flexibility. This evolution is particularly evident in the passenger car segment, where consumer preferences for comfort and performance are reshaping product specifications. However, as the industry shifts toward sustainability, manufacturers are exploring hybrid materials that blend metal cords with eco-friendly composites to reduce overall vehicle weight and emissions.

In terms of regional dynamics, Asia-Pacific’s dominance isn’t just about volume; it’s also about innovation. Countries like China are not only the largest producers but also key exporters, supplying cords to global tire giants. This concentration, while efficient, raises questions about supply chain resilience, especially with ongoing efforts to diversify sourcing amid U.S.-China trade relations. Meanwhile, in North America, the focus on electric vehicles is driving demand for cords optimized for low-rolling-resistance tires, which are crucial for maximizing battery life. Europe’s regulatory environment, with mandates like the EU’s tire labeling system, further encourages the adoption of premium cords that meet high safety benchmarks.

Looking deeper into market drivers, the relentless growth in global vehicle sales plays a pivotal role. For instance, the commercial vehicle sector, including trucks and buses, relies heavily on durable cords to handle intense freight operations across expanding logistics networks. Technological progress, such as brass-coated cords for better rubber adhesion, is enhancing tire longevity and reducing replacement cycles, which appeals to fleet operators seeking cost savings. Opportunities extend to emerging applications beyond tires, like reinforcement in conveyor belts for automotive assembly lines, though these remain niche for now.

Yet, challenges persist that could temper this optimism. Steel price volatility, driven by factors like energy costs and iron ore availability, directly impacts cord pricing and profitability. Environmental regulations are another pressure point; as carbon footprint scrutiny intensifies, producers must invest in greener production methods, such as electric arc furnaces over traditional blast furnaces. Furthermore, the rise of non-pneumatic tires, which may eliminate the need for conventional cords, poses a long-term threat, although adoption is slow due to cost barriers. Trade barriers, including anti-dumping measures in various regions, add layers of complexity to international operations.

Delving into segmentation, the type breakdown highlights how normal tensile cords remain a staple for standard applications, offering a balance of cost and performance. High tensile options, however, are gaining traction in performance-oriented tires, providing superior strength for off-road and high-speed uses. The ‘others’ category encompasses specialized variants, like ultra-high tensile cords tailored for racing tires. On the application side, passenger cars drive the majority of volume due to sheer numbers, but commercial vehicles offer higher margins through bulk orders for heavy-duty needs.

Key players in this space are navigating a competitive arena through strategic expansions and R&D. Companies like Bekaert lead with their global footprint and focus on sustainable practices, while Asian firms such as Xingda Steel Cord leverage cost advantages to capture market share. Mergers and acquisitions are common, as seen in recent consolidations aimed at securing raw material supplies. This landscape encourages collaboration, with suppliers often co-developing cords with tire manufacturers to meet specific OEM requirements.

The report’s scope extends beyond mere numbers, offering a holistic view that equips stakeholders with actionable intelligence. By forecasting sales and revenue across segments, it helps predict shifts in demand patterns influenced by economic cycles or policy changes. Segmentation analysis reveals untapped potentials, such as the growing need for cords in electric commercial vehicles. Player profiles provide granular details on operational strengths, enabling benchmarking against peers.

Our survey methodology involved engaging with executives from leading cord producers and tire companies, gathering perspectives on everything from supply disruptions to innovation pipelines. Respondents highlighted how digitalization in manufacturing is streamlining cord production, yet workforce skill gaps in emerging markets remain a hurdle. Strategic plans often revolve around localization to mitigate trade risks, while drivers like EV adoption underscore the need for adaptive technologies.

In conclusion, the automotive metal cords market stands at a crossroads of tradition and transformation. While challenges like material costs and regulations loom large, the opportunities in electrification and global mobility are compelling. Stakeholders who invest in resilient supply chains and innovative materials will be best positioned to capitalize on this trajectory, ensuring the industry’s continued role in safe and efficient transportation.