Tire Steel Cord Market in China, 2018-2022 research report at major Global Steel Cord Manufactures analysis, market competition, Trend of Production Cost and Sales Price of Steel Cord and forecasts 2022.
- Advertising -
Steel cord is an important kind of framework material for the production of radial tires, which has an impact on maintaining the stability of tire shapes and sizes as well as meeting the properties of anti-fatigue, anti-impact and anti-deformation that are required by tires. In addition, it plays a critical role in the comfortability, noise, high-speed performance and longevity of tires.
Get this research report at www.reportsnreports.com/contacts/d…aspx?name=1242669
The joining of WTO contributes to the rapid development of China's automobile industry and a growth of tire export, promoting the fast growth of the production volume of radial tires in China. In 2016, the production volume exceeded 600 million with a CAGR of over 8% during 2012 and 2016.
- Advertising -
China has been the world's biggest producer and exporter of automobile tires. The development of the radial tire industry also promotes the development of the steel cord industry in China.
Tire Steel Cord Market Companies Mentioned: Jiangsu Xingda Steel Tyre Cord Co., Ltd, Bekaert Group, Shandong Shengtong Co., Ltd., Shougang Concord Century Holdings Ltd., Junma Tyre Cord Co., Ltd., Hubei Fuxing Science and Technology Co., Ltd., Kiswire Ltd., Arcelor Mittal Steel Cord Co., Ltd., Tokyo Rope MFG. Co., Ltd., Hubei Giti Steel Cord Co., Ltd.
CRI analyzes that China's steel cord has generally realized 100% of domestic manufacturing since 2005. By the end of 2017, there have been approximately 50 steel cord manufacturers in China.
They are primarily located in Shandong, Jiangsu and Liaoning provinces, amongst which the production volume of steel cord in Shandong and Jiangsu accounts for over 60% of the national production volume. In addition, the steel cord industry in Zhejiang and Hubei provinces develops at a fast growth rate.
Generally, China's steel cord industry experiences a high concentration rate, with the two biggest companies of Jiangsu Xingda and Bekaert occupying more than half of the market shares. The production volume of ten major steel cord manufacturers represents over 80% of the entire industry, demonstrating a highly concentrated industry.
Access a Copy of this Research Report at www.reportsnreports.com/purchase.aspx?name=1242669
According to CRI, the two biggest companies of Jiangsu Xingda and Bekaert possess high production capacity and production volume, far superior to other competitors. Due to the impact of capital, technologies, sales channels and such factors, China's steel cord industry exhibits a high level of concentration rate, with overcapacity of steel cord and fierce industry competition.
Some steel cord plants are in process of establishment in Shaanxi, Shandong and Henan provinces and exiting plants are continuously expanding their production capacity. It is estimated that the market competition will become fiercer between 2018 and 2022 because of the lack of industry plans.
For more details Inquire at www.reportsnreports.com/contacts/i…aspx?name=1242669
Analyzed by CRI, the production volume of steel cord exceeds 2 million tons in China in 2017, representing over 60% of the global production volume. The single use of steel cord limits its application only to the production of radial tires.
The market distribution of steel cord is closely associated with the production of radial tires. From the perspective of the production status of radial tires in China, its production demonstrates a remarkable regional pattern, with the demand of East China accounting for over 70% of the total market.
China has been the net exporter of steel cord since 2006. The domestic steel cord can basically satisfy the market demand, with few exceptional models that demand high requirements being imported.
China exports a certain amount of steel cord annually, the proportion of which accounts for approximately 5%-10% of the production volume of steel cord in China.
CRI predicts that the proportion of radial tires to commercial vehicle tires will continue to grow between 2018 and 2022, stimulating the export of radial tires in China. Accompanied by the continuous growth of China's production volume and reserve volume of vehicles, the domestic demand for radial tires is expected to grow.
In the coming years, China will hold its position of the world's biggest producer and exporter of tires. The annual growth rate of the production volume of radial tires is projected to maintain over 8% in China, with an increasing demand for steel cord.
Table of Contents
Chapter I Basic Concept of Steel Cord
Chapter II Development Environment of Steel Cord Industry in China, 2013-2017
Chapter III Analysis on Development of China Tire Steel Cord Industry, 2013-2018
Chapter IV Competition Analysis of China Steel Cord Industry
Chapter V Major Global Steel Cord Manufacturers, 2016-2018
Chapter VI Prospect of China Steel Cord Industry, 2018-2022
List of Charts.
Category: Market Research Publishers and RetailersCompany about: ReportsnReports.com provides market research reports to industries, individuals and organizations with an objective of helping them in their decision-making process. Our library of 400,000+ industry & country research reports covers 5000+ micro markets.
For more information: