Cold Rolled Coil Market to Grow with a CAGR of 4.85% through 2030
Surge in research and development activities is
expected to drive the Global Cold Rolled Coil Market growth in the forecast
period, 2026-2030.
According to TechSci Research report, “Cold Rolled
Coil Market - Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2030F”, the Global Cold Rolled Coil Market stood at USD
72904.42 Million in 2024 and is anticipated to grow with a CAGR of 4.85% through
2030. Initiatives taken by government based on cold rolled coil has led to
favorable market conditions for the Global Cold Rolled Coil Market. Several
factors contribute to the growth of various cold rolled coil products.
The global cold rolled coil (CRC) market is
experiencing robust growth, driven by a surge in research and development
(R&D) activities aimed at enhancing product quality, performance, and
sustainability. Advancements in steel processing technologies, coatings, and
material engineering are expanding the application scope of CRC across
automotive, construction, consumer goods, and industrial manufacturing sectors.
Continuous R&D efforts in metallurgy have led to the production of AHSS and
UHSS cold rolled coils, which offer higher strength-to-weight ratios, improved
formability, and better impact resistance.
Many governments are introducing policies to boost domestic steel production and reduce dependence on imports. For example, the United States' Inflation Reduction Act and the European Union’s Green Steel Initiative provide tax incentives, subsidies, and funding for steel manufacturers to enhance production capacity and adopt advanced technologies. Similarly, India’s Production-Linked Incentive (PLI) Scheme for Specialty Steel aims to strengthen domestic CRC production by providing financial support to manufacturers.
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The Global Cold Rolled Coil Market is segmented into sales
channel, end use, regional distribution, and company.
Based on Sales Channel, Indirect have
emerged as the dominating segment in the Global Cold Rolled Coil Market in 2024.
Procurement flexibility is a key factor driving the preference for indirect
sales. Unlike direct procurement, which often involves bulk orders and long-term
contracts, indirect sales allow buyers to purchase CRC in smaller quantities,
enabling them to manage inventory efficiently and adapt to fluctuating market
demand. This is particularly advantageous for small-scale construction firms,
local manufacturers, and independent fabricators, who may not require
large-volume purchases but still need a reliable and timely supply of CRC.
Based on Region, North America have emerged as the fastest
growing region in the Global Cold Rolled Coil Market in 2024. North America is
witnessing rising demand for sustainable and durable packaging solutions, which
has significantly increased the use of CRC-based tinplate packaging. The e-commerce
boom has accelerated demand for CRC-based industrial packaging solutions, including
shipping drums and containers. The presence of major metal packaging
manufacturers, such as Ball Corporation, Crown Holdings, and Ardagh Group, has
strengthened North America's position as a key growth hub for CRC-based
packaging materials.
Major companies operating in Global Cold Rolled Coil
Market are:
- JSW Steel Ltd.
- Usinas Siderúrgicas de Minas Gerais S.A. (USIMINAS)
- Tata steel
- JFE Steel Corporation
- Hyundai Steel
- MARCEGAGLIA STEEL S.p.A
- Gnee Steel (tianjin) Co., Ltd
- ArcelorMittal
- Benxi Steel Plates Co., Ltd.
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“Traditional CRC is prone to oxidation and corrosion,
particularly in marine and industrial environments. The application of
nanoceramic coatings and nano-silica layers significantly improves rust
resistance and extends product lifespan. Nanotechnology enables the development
of self-healing protective layers, which can repair minor cracks and scratches
in CRC, ensuring longer durability in harsh conditions”, said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
“Cold Rolled Coil Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Sales Channel (Direct, Indirect), By End Use (Automotive, Construction & Infrastructure, Appliances & Electronic, Packaging, Electrical & Power Generation, Others), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global
Cold Rolled Coil Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Cold
Rolled Coil Market.
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