China . Latin America and the Middle East are also anticipated to witness the increase in demand for steel cord , due to risen automotive production in the two regions .
With the current research and development activities , the industry is expected to experience the introduction of new designs and processes , which would ensure enhanced performance of tires . Efforts are focused not only on minimizing the rolling friction but also on ensuring that the tire holds a firm grip on the ground . Incidences of road accidents too play an important role in growth of the steel cords market . Leading tire manufacturers are looking for design solutions to meet the safety and comfort requirements of vehicles . Technologies such as flat run tires , eco tires , and nitrogen tires are further driving the steel cords market , due to the demand for specialized materials for strengthening the tires and their sidewalls .
Tire manufacturers that are potential users of tire reinforcement materials such as steel cords include Goodyear , Dunlop , and Bridgestone . Manufacturers for tire reinforcement materials include Bekaert , DuPont , Hyosung , and Kordsa Global .
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