bead wire Pricing Assessment

Markets Covered:

China

India

Bead Wire Price Trend, Analysis and Forecast

Q1 2024

In Q1 2024, the China and India bead wire markets experienced a synchronized upward trend, driven by strong demand from the automotive and industrial sectors. In China, bead wire prices surged due to increased demand from the tire manufacturing industry, as the country’s automotive sector rebounded strongly. Additionally, infrastructure projects and industrial expansion further bolstered demand. In India, bead wire prices also saw a notable increase, fueled by rising domestic automotive production and government-backed initiatives supporting local manufacturing. The expansion of commercial transportation and construction also contributed to the demand surge, highlighting bead wire’s essential role in industrial applications.

Q2 2024

In Q2 2024, China and India continued to witness an upward trajectory in bead wire prices, driven by sustained demand from the automotive, infrastructure, and industrial machinery sectors. In China, bead wire prices saw a sharp increase, mainly due to higher demand from tire manufacturers and logistical constraints affecting raw material availability. The push for higher-quality automotive components amid stricter safety standards also contributed to price escalation. In India, bead wire prices surged as automotive production expanded, alongside a growing emphasis on tire retreading and the infrastructure boom, which heightened demand for high-tensile steel wire. Additionally, supply chain disruptions led to price volatility in both countries.

Q3 2024

In Q3 2024, China and India experienced further bead wire price hikes, driven by automotive sector growth, industrial expansion, and rising raw material costs. In China, bead wire demand remained strong, with tire manufacturers ramping up production to meet rising domestic and export demand. Additionally, the expansion of electric vehicle (EV) production and commercial transportation projects contributed to increasing consumption. In India, bead wire prices climbed steadily, supported by rising vehicle production, higher demand for durable and retreaded tires, and government infrastructure initiatives. The country’s industrial sector growth, particularly in construction and manufacturing, further fueled the upward trend.

Q4 2024

In Q4 2024, China and India bead wire markets remained on an upward trajectory, driven by sustained demand, tightening supply, and geopolitical factors. In China, bead wire prices continued to rise, supported by strong demand from the tire industry and higher steel prices. Increased investment in industrial projects and logistics constraints further pushed prices upward. In India, bead wire demand remained robust, with automotive manufacturers increasing production to meet rising domestic and export demand. The renewable energy sector’s expansion, particularly in wind and solar power, also contributed to higher bead wire consumption. Supply chain constraints and fluctuating raw material costs played a crucial role in price volatility

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is your trusted resource for tracking global bead wire price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the bead wire market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

In addition, provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With , you gain a competitive edge in understanding all the elements that influence bead wire prices worldwide. Stay ahead of the curve with ’s reliable, accurate, and timely bead wire market data.

Track 's bead wire price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in bead wire prices

Automotive Tire Demand (2020-2021): The growing demand for automobiles, coupled with increasing safety regulations, led to a rise in bead wire consumption for tire reinforcement, driving up prices.
Infrastructure and Industrial Growth (2022-2023): Expanding construction and industrial activities, along with increased investments in commercial transportation, further fueled bead wire demand, contributing to price increases.
Supply Chain Disruptions (2022-2023): Raw material shortages, logistical challenges, and disruptions in steel supply—particularly from key producing regions—led to price volatility, highlighting the market’s sensitivity to global economic and geopolitical shifts.

Methodology and Specifications

bead wire Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: We gather information from global exchanges, industry reports, and proprietary sources to provide timely and accurate assessments.
On-the-Ground Intelligence: We incorporate insights from producers, suppliers, and end-users across key production regions to offer a comprehensive view of market dynamics.
Supply Chain Monitoring: We track the availability and cost of raw materials (such as rare earth elements) to evaluate supply conditions and price pressures.

Event Tracking and Impact Analysis

Geopolitical Tensions: We monitor political and economic events that impact supply chains and the flow of bead wire production.
Market Demand Shifts: Our analysis considers global shifts in industrial and consumer demand, particularly in sectors like automotive, electronics, and renewable energy.

Production Capacity and Supply Analysis

Current Production Monitoring: We assess operational Bead wire production facilities and their output levels.
Future Capacity Projections: We forecast future production capabilities, factoring in technological advancements and production expansions.

Demand Forecasting

Sectoral Demand Analysis: We evaluate demand from major sectors such as automotive catalysts, renewable energy, and electronics.
Regional Demand Dynamics: We assess demand from key markets and regions, especially China, India, the Netherlands, and the USA, and their impact on global pricing.

Pricing Model Development

Dynamic Pricing Models: Our pricing models incorporate real-time data, historical trends, and market projections.
Scenario Analysis: We perform scenario-based forecasting, assessing potential market conditions under various economic, geopolitical, and technological developments.

Reporting and Client Support

Comprehensive Reports: We provide actionable insights, forecasting, and detailed analysis of current and future price trends.
Ongoing Support: PriceWatch delivers continuous updates and expert advice tailored to your business needs.

Specifications

Molecular Weight[g/mol]

CAS No

HS Code

72173020

Molecular Formula

bead wire

Bead wire is a high-carbon steel wire used primarily in the reinforcement of tire beads, ensuring tire strength, durability, and proper fitting onto the wheel rim. It plays a crucial role in the automotive and industrial sectors, enhancing tire performance and safety. Bead wire is also used in various mechanical and structural applications requiring high tensile strength.

Packaging Type

Plastic bobbins

Grades Covered

1.6 mm-HT, 1.6 mm-NT, and 0.95mm

Incoterms Used

FOB Qingdao, Ex-North India, Ex-Ludhiana

Synonym

Tire Bead Wire

Quotation Terms:

5-10 MT

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property	High Tensile Bead Wire	Low Tensile Bead Wire
Material	(C 0.72%-0.96%)	(C 0.65%-0.95%)
Tensile Strength	2300–3400 MPa	1370–2200 MPa
Diameter	0.78 mm – 2.50 mm	0.78 mm – 2.50 mm
Elongation	2.5% – 4.5%	3.5% – 6.0%
Coating	Brass or bronze	Brass or bronze

Applications

• Automotive: Bead wire is a critical component in tire manufacturing, reinforcing the bead area to ensure a secure fit onto the wheel rim, enhancing durability, safety, and overall tire performance. • Construction & Infrastructure: Bead wire is widely used in industrial and structural applications requiring high-tensile steel wire for reinforcement and support. • Industrial Machinery: Bead wire is utilized in heavy-duty machinery, conveyor belts, and mechanical systems to improve strength, flexibility, and longevity. • Tire Retreading: Bead wire plays a vital role in tire retreading processes, extending tire lifespan, reducing waste, and improving cost efficiency for fleet operators. • Packaging & Binding: Bead wire is used for bundling and securing heavy materials in construction, shipping, and industrial manufacturing applications. • Other Applications: Bead wire is also found in mechanical springs, reinforcement cables, and various industrial products requiring strong, durable steel wire.

Disclaimer

Bead Wire price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for bead wire. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What factors influence Bead Wire prices? +

• Raw Material Costs – Bead wire is primarily made from high-carbon steel. Fluctuations in steel prices directly impact on bead wire costs.

• Supply and Demand – Increased demand from the automotive and tire manufacturing industries can drive prices up, while oversupply can lower them.

• Manufacturing Costs – Expenses related to labor, energy, and technology used in production can affect the final price.

• Global Trade Policies & Tariffs – Import/export duties, trade restrictions, and tariffs on steel products can influence costs.

• Market Competition – The number of manufacturers and their pricing strategies play a role in setting competitive prices.

• Exchange Rates – Since bead wire is traded internationally, currency fluctuations can affect its pricing in different markets.

How do feedstock prices impact Bead Wire? +

The availability and cost of raw materials such as high-carbon steel and alloy coatings directly affect bead wire production costs and pricing.

What is the relationship between Bead Wire prices and inflation? +

Bead wire prices tend to rise with inflation, primarily due to increased production costs, but sustained demand from the automotive and industrial sectors helps maintain pricing trends despite broader economic fluctuations.