The Global Steel Cord for Automotive Tires Market was valued at USD 4.72 Billion in 2024 and is projected to reach USD 6.13 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period (2024–2032). This expansion is propelled by increasing vehicle production, demand for high-performance radial tires, and stricter safety standards requiring advanced tire reinforcement solutions.

As the automotive sector transitions toward electric vehicles and sustainable manufacturing, tire producers increasingly depend on cutting-edge steel cord technologies to enhance durability, safety, and energy efficiency. This analysis highlights the Top 10 Steel Cord Suppliers – global specialists advancing tire reinforcement through metallurgical innovation and eco-conscious production methods.

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🔟 1. Bekaert

Headquarters: Zwevegem, Belgium
Key Offerings: Ultra Tensile steel cords, Advanced Brass-coated reinforcements

Bekaert maintains global leadership with 140+ years of wire transformation expertise. The company delivers high-performance steel reinforcement solutions to all major tire brands, featuring patented alloy formulations and coating technologies.

Industry Advantages:

• Commands 30% of global steel cord market share
• Innovator in EV-specific cord formulations
• Waste-reduction initiatives achieving 95% brass recovery

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Steel Cord for Automotive Tires Market – View in Detailed Research Report

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9️⃣ 2. Jiangsu Xingda Steel Cord

Headquarters: Jiangsu, China
Key Offerings: High Tensile steel cords, OEM-specific profiles

China’s dominant producer operates 18 global facilities with 750,000-ton annual capacity. Xingda specializes in cost-efficient reinforcement solutions for mass-market vehicle segments.

Market Positioning:

• Holds 42% domestic Chinese market share
• Complete backward integration with steel production
• Rapid capacity expansion in Thailand and Vietnam

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8️⃣ 3. ArcelorMittal

Headquarters: Luxembourg City, Luxembourg
Key Offerings: Premium steel cords, Low-carbon solutions

The steel giant’s specialized division produces high-grade tire reinforcements while pioneering hydrogen-fueled steelmaking processes to reduce environmental impact.

Sustainability Leadership:

• 35% emission reduction target by 2030
• Water recycling systems in all production sites
• Partnerships with EV tire developers

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7️⃣ 4. Hyosung Advanced Materials

Headquarters: Seoul, South Korea
Key Offerings: Multi-strand composite cords, Specialty reinforcements

Hyosung leads in ultra-high performance tire solutions, holding 47 patents for advanced cord construction techniques used in premium vehicle segments.

Technical Innovations:

• 22% weight reduction versus standard cords
• Nano-coating technology for enhanced adhesion
• Asia’s first net-zero cord production facility

Download FREE Sample Report:
Steel Cord for Automotive Tires Market – View in Detailed Research Report

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6️⃣ 5. Tokyo Rope Manufacturing

Headquarters: Tokyo, Japan
Key Offerings: Micro-gauge cords, Precision engineered reinforcements

Specializing in ultra-fine steel cord production, Tokyo Rope supplies exacting Japanese vehicle manufacturers with high-performance reinforcement materials.

Quality Benchmarks:

• Tolerance levels below 0.05mm variance
• 100% automated quality monitoring
• Premium OEM qualification standards

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5️⃣ 6. Shandong SNTON Steel Cord

Headquarters: Shandong, China
Key Offerings: Economy-grade reinforcements, Radial tire solutions

SNTON focuses on competitive cord products for value-tier tires and developing automotive markets through strategic alliances with Chinese vehicle producers.

Growth Strategy:

• Annual production exceeding 300,000 tons
• Exports to 35+ global markets
• Targeted expansion in South America

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4️⃣ 7. KISWIRE LTD

Headquarters: Busan, South Korea
Key Offerings: Heavy-duty cords, Industrial tire reinforcements

KISWIRE dominates the market for large-diameter steel cords used in mining, construction, and agricultural tires requiring extreme durability.

Technical Capabilities:

• Specialization in 6-12mm cord diameters
• Industry-leading automated production lines
• Global distribution network optimization

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3️⃣ 8. Sumitomo Electric Industries

Headquarters: Osaka, Japan
Key Offerings: Eco-conscious cords, Smart reinforcement systems

Sumitomo combines material science with digital innovation to develop next-generation tire reinforcement technologies featuring integrated sensing capabilities.

R&D Focus Areas:

• Non-toxic coating alternatives
• Strain-monitoring cord systems
• Lightweight composite materials

Download FREE Sample Report:
Steel Cord for Automotive Tires Market – View in Detailed Research Report

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2️⃣ 9. BMZ Group

Headquarters: Gliwice, Poland
Key Offerings: EU-compliant cords, Custom alloy formulations

BMZ leads the European market with tailor-made steel cord solutions meeting stringent regional regulations for winter and all-season tires.

Regional Expertise:

• 28% market penetration in Europe
• 48-hour delivery guarantee to EU tire plants
• Full REACH/ROHS compliance

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1️⃣ 10. Bridgestone

Headquarters: Tokyo, Japan
Key Offerings: Proprietary cord technologies, Integrated tire solutions

The tire leader operates vertically integrated cord production to optimize performance across its global tire portfolio, including advanced EV and airless tire concepts.

Innovation Highlights:

• ENLITEN™ cord technology platform
• Closed-loop steel recycling initiatives
• Joint EV tire development programs

Read Full Report:
Steel Cord for Automotive Tires Market – View in Detailed Research Report

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🚗 Market Evolution: Advanced Steel Cords Powering Next-Gen Tire Performance

The steel cord sector is transitioning from conventional reinforcement roles to enabling breakthrough tire technologies:

📈 Emerging Industry Trends:

• Development of lightweight, high-strength cords improving EV range efficiency
• Implementation of hydrogen-based steel production reducing carbon footprint
• Micro-alloy innovations allowing 15% thinner high-performance cords
• Integration of smart cord technologies with real-time wear monitoring
• Combination materials merging steel with advanced synthetics

Read Full Report:
Steel Cord for Automotive Tires Market – View in Detailed Research Report

These market leaders are driving transformation beyond traditional steel cord manufacturing – they’re reinventing tire technology foundations through material innovations that enhance safety, sustainability, and performance.