REPORT HIGHLIGHT
Cold Rolled Steel Coil Market size was valued at USD 149.7 Million in 2022, expanding at a CAGR of 3.1% from 2023 to 2030.
Steel is rolled at room temperature or just below its recrystallization temperature during the metalworking process known as cold rolling to obtain a variety of desirable characteristics and dimensions. This procedure improves the steel's dimensional precision, surface finish, and strength.
Cold Rolled Steel Coil Market- Market Dynamics:
Growing demand from construction and automotive sector is expected to propel the cold rolled steel coil demand.
In the construction industry, cold-rolled steel coils are frequently utilized for a variety of purposes, including roofing, cladding, structural elements, and building frames. The demand for cold-rolled steel coils may be influenced by infrastructure and restoration projects in industrialized nations as well as the expansion of the construction sector in developing nations. Cold-rolled steel coils are widely used in the automobile sector to make parts for vehicles such panels, body parts, and chassis. The trend toward lightweight and fuel-efficient vehicles and the need for automobiles, particularly in emerging nations, may increase the demand for cold-rolled steel coils.
Further, several domestic equipment, such as refrigerators, washing machines, and air conditioners, are made using cold-rolled steel coils. The demand for cold-rolled steel coils may rise because of increasing urbanization, increased disposable incomes, and technical developments in appliances.
Cold Rolled Steel Coil Market- Key Insights:
- As per the analysis shared by our research analyst, the global Cold Rolled Steel Coil market is estimated to grow annually at a CAGR of around 3.1% over the forecast period (2023-2030)
- The Cold Rolled Steel Coil industry is projected to grow at a significant rate due to the growing focus on construction.
- Based on End User, construction segment is expected to hold significant market share by 2030.
- Based on Product Type segmentation, panel & decks segment was the leading in 2022
- On the basis of region, North America was the leading revenue generator in 2022.
Cold Rolled Steel Coil Market- Segmentation Analysis:
The Global Cold Rolled Steel Coil Market is segmented on the basis of Product Type, Method, End User, and Region.
The market is divided into two categories based on Product Type: panel & decks, and individual structural framing. The panel & decks segment dominates the market. Increasing demand from industrial construction sector is contributing to market growth.
The market is divided into four categories based on End User: industrial equipment, automotive, construction, and others. The construction segment dominates the market. The rising demand for steel components in construction industries is increasing the segment growth.
Cold Rolled Steel Coil Market- Geographical Insights:
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Cold Rolled Steel Coil Market- Competitive Landscape:
Owing to the rising infrastructural development in construction, and rising demand from automotive industry, which influence the cold rolled steel coil market. Several companies promote their products, including corporate websites, and retailers, are used by businesses to sell their solutions & products. Composite manufacturers compete on various factors, such as composite pricing, performance, composite creation, and marketing. reputation, and availability. Some of the primary techniques, and strategies used by corporations to consolidate their reach and expand their market share include new Method launches, R&D expenditure, developing its distribution network and mergers & acquisitions. Some of the recent developments are mentioned below.
Recent Developments:
In April 2022, ArcelorMittal Nippon Steel India introduced that it has planned to set up a new cold roll mill which is a part of its INR 8,500-crore expansion plan.
Key features of the study:
- This proposed research study on Cold Rolled Steel Coil market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
- The report provides the client the latest up-to-date and trending insights about the Cold Rolled Steel Coil market.
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Cold Rolled Steel Coil market
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Cold Rolled Steel Coil market
- Impact of COVID-19 on Cold Rolled Steel Coil market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Cold Rolled Steel Coil market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the Cold Rolled Steel Coil market, we have also included competitive landscape and key innovator analysis for the Cold Rolled Steel Coil market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants which will help users to understand their financial inspection and strategic initiatives of players operating in the Cold Rolled Steel Coil market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global Cold Rolled Steel Coil market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL COLD ROLLED STEEL COIL MARKET KEY PLAYERS
- ArcelorMittal
- POSCO
- Nippon Steel Corporation
- Baosteel Group Corporation
- JFE Steel Corporation
- Thyssenkrupp AG
- Tata Steel Limited
- Nucor Corporation
- United States Steel Corporation
- Hyundai Steel Company
- Essar Steel
- Severstal
- Novolipetsk Steel
- JSW Steel Limited
- Steel Authority of India Limited
GLOBAL COLD ROLLED STEEL COIL MARKET, BY PRODUCT TYPE
- Panel & decks
- Individual structural framing
GLOBAL COLD ROLLED STEEL COIL MARKET, BY END USER
- Industrial Equipment
- Automotive
- Construction
- Others
GLOBAL COLD ROLLED STEEL COIL MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA