REPORT DESCRIPTION
Steel cord is a fine strand of several steel wires , which are made of superior , high-carbon steel with the surface plated with brass . Steel cords are primarily applied in car tires , light truck tires , cargo truck tires , heavy equipment tires , plane tires , and other rubber framework materials . Adhesion of a steel cord to rubber is possible through brass coating of the wire , coating that reacts chemically with sulfur of the tire rubber . Modern tire manufacturing technology involves the use of tire in the form of thin wires as a reinforcement in the areas of extreme stress . The use of steel cords in tires allows higher rubber penetration and adhesion as well as high resistance and durability that facilitates a smooth and safer ride . Steel cords reduce the tire weight and rolling resistance and offer long tire life and improved adhesion at a low cost . Steel cord is a major component used for reinforcing a radial tire and it has excellent fatigue resistance . It provides customers with tires that are safer , easier to maintain , and long-lasting . It also offers reduced fuel consumption . Steel cords are stronger than fiber materials . They have excellent resistance to heat and fatigue and are without any contraction . Steel cords is a tire reinforcement material with the maximum growth rate . Steel cords are also used in the manufacture of conveyor belts to impart properties such as resistance to rotting and corrosion , low elongation , thermal stability , and chemical resistance . With the use of steel cords , conveyor belts are enabled to meet the fire-protection and electrostatic safety requirements . Steel cord belts are designed for mining and the high-capacity applications which are subjected to high belt tension . The resulting combination of high-strength and outstanding flexibility prolongs the life of belts .
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Amidst growing safety concerns and rising demand from the automotive industry , the global market for steel cords is witnessing growth . New technologies developed in the automotive industry are seeking the attention of industry leaders that aim to offer an experience of safe and comfortable driving to their customers . Growth of the steel cords market is directly related to growth of the tire industry . The tire industry has been growing tremendously for the last decade , both in terms of volume and revenue , due to the increase in demand for tires . This trend is likely to continue in the near future as well . The steel cord industry in Asia is expected to witness growth on account of growing tire industry . The tire industry in the U . S . and Europe is projected to register a growth rate below the global average , which is boosted by rubber requirements in