Cold Rolled Steel Coil Market Research, 2032
The global cold rolled steel coil market was valued at $151.2 million in 2022, and is projected to reach $210.0 million by 2032, growing at a CAGR of 3.4% from 2023 to 2032.
Report Key Highlighters:
The report provides competitive dynamics by evaluating business segments, product portfolios, target market revenue, geographical presence and key strategic developments by prominent manufacturers.
The global cold rolled steel coil market is fragmented in nature among prominent companies such ArcelorMittal, Nippon Steel Corporation, POSCO, Baosteel Group Co., JFE Steel Corporation, Tata Steel, United States Steel Corporation, AK STEEL HOLDING CORPORATION, China Steel Corporation, and Essar Steel.
The study contains qualitative information such as the market dynamics (drivers, restraints, challenges, and opportunities), key regulation analysis, pricing analysis, and Porter’s Five Force Analysis across North America, Europe, Asia-Pacific, and LAMEA regions.
Latest trends in global cold rolled steel coil market such as undergoing R&D activities, regulatory guidelines, automation, emergence of Industry 4.0 and government initiatives are analyzed across 16 countries in 4 different regions.‐¯
More than 3,200 cold rolled steel coil-related product literatures, industry releases, annual reports, and other such documents of key industry participants along with authentic industry journals and government websites have been reviewed for generating high-value industry insights for global cold rolled steel coil market.
Cold-rolled steel coil refers to a steel product that has undergone the cold rolling process. The cold rolling process involves passing hot-rolled steel through a series of rollers at room temperature to reduce its thickness and improve its surface finish.
Growing population base has led to rapid urbanization in both developed and developing economies such as the U.S., China, India, and others. This has increased government spending on architecture sector to develop various upcoming infrastructure projects. For instance, according to a report published by National Investment Promotion and Facilitation Agency, the infrastructure activities accounted for 13% share of the total foreign direct investment (FDI) inflows in 2022. Furthermore, rapid development of water supply, sanitation, urban transport, schools, and healthcare are aiding the growth of the building & construction sector.
Cold-rolled steel coils find extensive use in the construction industry for various applications in buildings. The properties of cold-rolled steel make it suitable for construction purposes, providing strength, durability, and versatility. Cold-rolled steel is often used to fabricate structural components like beams and columns due to its high strength. These components play a crucial role in supporting the overall structure of a building. Moreover, cold-rolled steel is employed in the construction of framing systems for walls and floors. Steel studs and joists offer a strong and dimensionally stable framework for various building types. This may act as one of the key drivers responsible for the growth of the cold rolled steel coil market.
Factors such as increasing disposable income, technological upgrades, and spurring rise in original equipment manufacturers (OEMs) have led the automotive sector to witness a significant growth. For instance, according to a report published by India Brands Equity Foundation, the domestic automobile production increased by a compound annual growth rate (CAGR) of 2.36% from 2016-20 with 25.9 million vehicles being manufactured in India in 2022.
Cold-rolled steel coils play a significant role in the automotive industry, where the material's specific properties are highly valued for various applications. The characteristics of cold-rolled steel, such as strength, formability, and surface finish, make it well-suited for manufacturing components in vehicles. Moreover, cold-rolled steel is often used to manufacture outer body panels such as doors, fenders, hoods, and trunk lids. The material's strength and formability allow to produce complex shapes and contours, contributing to the vehicle's design and aerodynamics. These factors may boost the demand for cold rolled steel coil in the growing automotive sectors; thus, fueling the market growth.
However, one significant constraint in the global cold rolled steel coil market is the global economic landscape. Factors such as fluctuating economic conditions, trade tensions, and geopolitical uncertainties may negatively affect the demand of cold-rolled steel coils among various end-use sectors. Moreover, economic downturns may lead to reduced construction activities and vehicle production which in turn may reduce the demand for steel products. This factor may pose a challenge for the market players seeking stability and growth in the cold rolled steel coil market; thus, hampering the market growth.
On the contrary, continuous advancements in manufacturing technologies are enhancing the efficiency and quality of cold-rolled steel production. Furthermore, innovations in rolling processes, automation, and material design contribute to cost reduction and improved performance of cold rolled steel coil.
Additionally, the adoption of Industry 4.0 principles in steel manufacturing further enhances the market's competitiveness, providing manufacturers with opportunities to streamline operations and meet evolving customer requirements.These factors altogether may create lucrative opportunities for the global cold rolled steel coil market during the forecast period.
The global cold rolled steel coil market is segmented on the basis of hardness, end-user industry, and region. On the basis of hardness, the market is categorized into full hard, half-hard, quarter hard, and others. On the basis of end-user industry, it is divided into building and construction, automotive, oil & gas, aerospace, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
In 2022, the half-hard segment was the largest revenue generator, and is anticipated to grow at a CAGR of 3.6% during the forecast period. Steel is a crucial material in various industries, particularly in construction and infrastructure projects. If there is an increase in such projects, it could drive the demand for steel coils, including half-hard steel coil, which is known for its durability and strength.
By end-user industry, the automotive segment dominated the global market in 2022. Cold-rolled steel has a smoother and more refined surface finish compared to hot-rolled steel. This makes it more suitable for automotive applications where aesthetics and surface quality are important.
The Asia-Pacific cold rolled steel coil market size is projected to grow at the highest CAGR during the forecast period. The Asia-Pacific region has experienced significant economic growth in recent years, leading to increased construction, infrastructure development, and manufacturing activities. Cold-rolled steel is widely used in various industries, including automotive, construction, and appliances.
The global cold rolled steel coil market profiles leading players that include ArcelorMittal, Nippon Steel Corporation, POSCO, Baosteel Group Co., JFE Steel Corporation, Tata Steel, United States Steel Corporation, AK STEEL HOLDING CORPORATION, China Steel Corporation, and Essar Steel.
Other key players that are actively engaged in the production of cold rolled steel coil include thyssenkrupp AG, SSAB, AK STEEL HOLDING CORPORATION, Nucor Corporation, Hyundai Steel Company, Marcegaglia Group, Steel Authority of India Limited, Evraz Group SA, Gerdau S.A., and Shougang Group. The global cold rolled steel coil market report provides in-depth competitive analysis as well as profiles of these major players.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cold rolled steel coil market analysis from 2022 to 2032 to identify the prevailing cold rolled steel coil market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cold rolled steel coil market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cold rolled steel coil market trends, key players, market segments, application areas, and market growth strategies.
Cold Rolled Steel Coil Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 210 million |
 Growth Rate | CAGR of 3.4% |
 Forecast period | 2022 - 2032 |
 Report Pages | 305 |
 By Hardness |
|
 By End-User Industry |
|
 By Region |
|
 Key Market Players | United States Steel Corporation, ArcelorMittal, Tata Steel Group, NIPPON STEEL CORPORATION, JFE Steel Corporation, Essar Steel, China Steel Corporation, Baosteel Group Co., POSCO, AK STEEL HOLDING CORPORATION |
Increasing demand from automotive sector, robust demand from construction sector, and expansion of railways are the upcoming trends of Cold Rolled Steel Coil Market in the world.
Automotive is the leading application of of Cold Rolled Steel Coil Market.
Asia-Pacific is the largest regional market for Cold Rolled Steel Coil.
The global cold rolled steel coil market was valued for $151.2 million in 2022 and is estimated to reach $210.0 million by 2032, exhibiting a CAGR of 3.4% from 2023 to 2032
ArcelorMittal, Nippon Steel Corporation, POSCO, Baosteel Group Co., JFE Steel Corporation, Tata Steel, United States Steel Corporation, AK STEEL HOLDING CORPORATION, China Steel Corporation, and Essar Steel are the top companies to hold the market share in Cold Rolled Steel Coi
Loading Table Of Content...
Loading Research Methodology...
