Cold Rolled Sheet Market to Grow at 2.65% CAGR through 2035
Technological advancements in manufacturing and increasing
demand for energy-efficient and sustainable materials are expected to drive the
Global Cold Rolled Sheet Market growth in the forecast period, 2026-2035.
According to TechSci Research report, “Cold Rolled
Sheet Market – Global Industry Size, Share, Trends, Competition, Forecast
& Opportunities, 2020-2035F”, the Global Cold Rolled Sheet Market stood
36815.11 Thousand Tonnes in 2024 and is expected to reach 48881.40 Thousand
Tonnes by 2035 with a CAGR of 2.65% during the forecast period.
Government infrastructure initiatives and investments,
particularly in both emerging and developed economies, have become a critical
driver for the growth of the cold-rolled sheet market. Governments are
significantly increasing their investments in infrastructure development,
encompassing the construction of highways, bridges, railways, airports, and
public buildings, all of which rely heavily on the use of cold-rolled steel due
to its superior strength-to-weight ratio, durability, and cost-effectiveness.
These large-scale infrastructure projects are essential for driving economic
growth, improving social development, and accommodating the increasing
urbanization of the global population. As cities and rural areas develop to
meet the demands of growing populations, the need for cold-rolled steel, which
provides strength and versatility in construction, is set to increase. For
instance, cold-rolled sheets are widely used in structural components of buildings,
facades, and roofing materials, making them indispensable for both residential
and commercial projects.
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The Global Cold Rolled Sheet Market is segmented into end-user
industry, hardness, regional distribution, and company.
Based on the End-User Industry, Automotive industry is dominating the Global Cold Rolled Sheet Market due to its significant demand for high-strength, lightweight, and durable materials. Cold rolled steel, particularly Full Hard cold rolled sheets, is a critical component in the automotive sector, where it is used extensively in manufacturing body panels, structural parts, and safety components. The automotive industry's need for high-quality materials that meet stringent safety and performance standards has driven the demand for cold rolled sheets. The growing trend toward producing lighter vehicles to improve fuel efficiency and reduce emissions has further fueled the demand for cold rolled steel, which offers a favorable combination of strength and formability. Manufacturers are increasingly adopting advanced high-strength steels (AHSS) and other cold rolled steel grades to meet these requirements. Additionally, the rising demand for electric vehicles (EVs) is contributing to this trend, as automakers seek materials that can help reduce vehicle weight and enhance energy efficiency. The automotive sector's focus on safety features such as crash-resistant body panels and reinforced chassis also contributes to the demand for cold rolled sheets. These materials provide excellent strength, making them ideal for meeting the rigorous safety standards required in modern vehicle manufacturing.
Based on the region, North America is the
second most dominating region in the Global Cold Rolled Sheet Market, driven by
strong demand from key industries such as automotive, construction, and
manufacturing. The United States and Canada are the primary contributors to the
region's market growth. North America is known for its advanced manufacturing
capabilities, technological innovations, and a robust automotive industry, all
of which rely heavily on cold rolled steel. The
U.S. automotive sector, one of the largest in the world, continues to be a
significant driver of cold rolled sheet demand, as automakers require
high-strength, lightweight materials for vehicle body parts, structural
components, and safety features. Additionally, the increasing production of
electric vehicles (EVs) in North America is contributing to the growth in
demand for high-strength cold rolled steel, as manufacturers aim to reduce
vehicle weight and enhance energy efficiency. The construction sector in North
America also plays a crucial role, with steady demand for cold rolled sheets in
infrastructure projects, residential, and commercial buildings. As cities
expand and construction activities intensify, particularly in the U.S., cold
rolled steel's durability and versatility make it a preferred material for
structural applications, roofing, and cladding.
Major companies operating in Global Cold Rolled
Sheet Market are:
- United
States Steel Corporation
- Essar
Steel.
- Tata
Steel Limited
- CSC
Steel Building
- Tata
Steel Limited
- Cleveland-Cliffs
Inc.
- JFE
Steel Corporation
- ArcelorMittal
- Nippon
Steel Corporation
- Baosteel
Co., Ltd
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“The growth of the automotive aftermarket industry is
increasingly contributing to the demand for cold-rolled sheets. As vehicle
ownership rises globally, particularly in mature markets and emerging
economies, the need for replacement parts and body repairs is expanding.
Cold-rolled steel is used extensively in the automotive aftermarket for
producing replacement parts such as body panels, fenders, bumpers, and doors
due to its strength, formability, and superior surface finish. As cars age and
require repairs or upgrades, cold-rolled steel provides the necessary
durability to withstand wear and tear. Additionally, with an increasing number
of vehicles on the road, particularly in regions like North America and Europe,
the aftermarket sector is experiencing consistent growth, further driving the
demand for cold-rolled sheets. In emerging markets, as vehicle ownership
continues to grow, the automotive aftermarket industry will also expand,
boosting the consumption of cold-rolled steel in repair and replacement
applications. This trend in the automotive aftermarket industry, combined with
the rising demand for car customization and repair services, will continue to
support the expansion of the cold-rolled sheet market, ensuring sustained
demand for this essential material”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.
“Cold Rolled
Sheet Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Hardness (Full Hard, Half-hard, Quarter Hard, Others), By End-User
Industry (Construction, Automotive, Oil and Gas, Aerospace, Others), By Region
and Competition, 2020-2035F”, has
evaluated the future growth potential of Global Cold Rolled Sheet 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 Sheet Market.
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