The global Cold Rolled Coil market stood at approximately 130 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 3.5% during the forecast period until 2034.
Cold rolled coil (CRC) serves as a versatile material with diverse applications across numerous industries. In the automotive sector, CRC is extensively utilized for fabricating body panels, chassis parts, and automotive trim due to its smooth surface finish, dimensional precision, and exceptional formability. Additionally, CRC finds widespread use in the construction industry for manufacturing roofing, siding, and structural components, ensuring precise construction and structural integrity. In household appliances and consumer goods, CRC's smooth surface finish and aesthetic appeal make it an ideal choice for producing refrigerators, washing machines, furniture, and shelving. Moreover, CRC is essential in the electrical and electronics industry for fabricating electrical enclosures, control panels, and electronic casings, thanks to its excellent surface finish and formability. Its application extends to industrial machinery and equipment, where its high strength and durability make it suitable for heavy-duty applications in HVAC systems, agricultural machinery, and material handling equipment.
The cold rolled coil market is witnessing several notable trends that are shaping its dynamics and future trajectory. The primary factor is the rising usage of CRCs in the automotive sector. Its wear- and shock-resistant characteristics make it a popular choice in the automobile sector as well. CRS is used in the fabrication of fuel tanks, seat components, and electric motors. Another significant trend is the increasing demand for high-quality steel products driven by the construction industry. As infrastructure projects continue to proliferate globally, particularly in emerging economies, the need for CRC for roofing, siding, structural components, will most likely rise. Moreover, shifting consumer preferences towards lightweight materials, coupled with stringent emission regulations in the automotive sector, are driving the demand for CRC in the production of fuel-efficient vehicles. The global Cold Rolled Coil market is likely to reach approximately 190 thousand tonnes in 2034.
Based on region, the Asia-Pacific region is anticipated to lead the global cold rolled coil market, driven by increasing infrastructure investments across key countries like South Korea, Japan, India, China, and Singapore. Rapid urbanization and industrialization in these nations are fuelling demand for high-quality steel products, including cold rolled coils, which are essential for construction projects such as buildings, bridges, and transportation networks. China is the global hub of automotives and thus leads as a prominent consumer of cold rolled coil. Additionally, the rapidly expanding automotive industry in the region, coupled with a shift towards lightweight materials for fuel efficiency, further boosts demand for cold rolled coils in automotive manufacturing. With robust infrastructure development and thriving industrial sectors, Asia-Pacific presents significant growth opportunities in the cold rolled coil market.
Based on the end-user applications, the global Cold Rolled Coil market is divided into Automotive, Construction, Industrial Equipment, and Others. Among these, Automotive is the major segment and held about 40% of the global Cold Rolled Coil market in 2023.
Significant players in the Global Cold Rolled Coil market are ArcelorMittal, POSCO, China Steel Corporation, JFE Steel Corporation, Baosteel Group Co., Ak Steel Holding Corporation, Tata Steel Group, United States Steel Corporation, Nippon Steel Corporation, Essar Steel, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Cold Rolled Coil which covers production, demand and supply of Cold Rolled Coil market in the globe.
• To analyse and forecast the market size of Cold Rolled Coil
• To classify and forecast Global Cold Rolled Coil market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Cold Rolled Coil market in the globe.
To extract data for Global Cold Rolled Coil market, primary research surveys were conducted with Cold Rolled Coil manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Cold Rolled Coil market over the coming years.
ChemAnalyst calculated Cold Rolled Coil demand across the globe by analyzing the volume of Cold Rolled Coil consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Cold Rolled Coil manufacturers and other stakeholders
• Organizations, forums and alliances related to Cold Rolled Coil distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Cold Rolled Coil manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Cold Rolled Coil market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
130 thousand tonnes
Market size Volume in 2034
190 thousand tonnes
Growth Rate
CAGR of 3.5% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Type, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process, Foreign Trade.
Segments covered
By End-Use: (Automotive, Construction, Industrial Equipment, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
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What was the net market size of Cold Rolled Coil in terms of volume in 2023?
Ans:
The global market size of Cold Rolled Coil has reached approximately 130 thousand tonnes in 2023.
Q2.
Which region is the leading consumer of Cold Rolled Coil?
Ans:
The Asia Pacific region is the leading consumer of Cold Rolled Coil globally.
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