India Cold Rolled Grained Steel Market is Expected to Register a 8.11% CAGR Through 2031
Growing Demand from Automotive Industry and Expanding
Construction & Infrastructure Projects are likely to propel the market during
the forecast period.
According to
TechSci Research report, “India Cold Rolled Grained Steel Market – By
Region, Competition, Forecast and Opportunities, 2021-2031F”, India Cold Rolled Grained Steel Market was
valued at USD 2.20 Billion in 2025 and is expected to reach USD 3.54 Billion by
2031 with a CAGR of 8.11% during the forecast period.
The construction and infrastructure
sectors in India are experiencing rapid growth, driven by urbanization,
industrial expansion, and large-scale government infrastructure projects. This
expansion is one of the key drivers of the cold rolled grained steel market, as
steel is a fundamental material used in the construction of buildings, bridges,
roads, and various other infrastructure projects.
Cold rolled grained steel is
increasingly in demand in the construction sector because of its excellent
surface finish, high strength, and ability to withstand harsh environmental
conditions. With the rise of modern architecture and the construction of high-rise
buildings, there is a significant need for cold rolled steel that not only
offers structural integrity but also enhances the aesthetic appeal of
buildings. Cold rolled steel is used for both structural components and
decorative finishes, such as facades, roof panels, and internal frameworks.
The Indian government’s push for
infrastructure development under initiatives like the “Smart Cities Mission,”
"Housing for All," and “Bharatmala Pariyojana” (a highway development
program) has also played a crucial role in boosting the demand for cold rolled
grained steel. These programs have spurred the construction of large-scale
residential, commercial, and transportation infrastructure projects, creating a
massive demand for high-quality steel. Moreover, the increasing focus on
sustainable construction and green building practices has further fueled the
demand for high-performance steel. Cold rolled grained steel, with its ability
to offer durability, strength, and corrosion resistance, is often seen as a
sustainable alternative to other materials. Its use in energy-efficient
buildings and structures is also contributing to the broader trend of
sustainable construction in India.
Browse over XX Market
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Based
on End User, Automotive sector is a dominant force in the India cold rolled
grained steel market due to several key factors that align with the evolving
demands of vehicle manufacturers. Cold rolled grained steel offers exceptional
strength, durability, and surface finish, making it a preferred material for
producing automotive body panels, structural components, and other critical
parts. The smooth, uniform texture and high-quality finish of cold rolled steel
are essential in automotive applications, where aesthetic appeal and safety are
paramount.
One
of the major driving forces behind the dominance of the automotive sector in
India’s cold rolled grained steel market is the country's rapidly expanding
automotive industry. India has become one of the largest automotive
manufacturing hubs globally, both in terms of vehicle production and
consumption. As automakers seek to improve fuel efficiency, reduce vehicle
weight, and enhance safety features, the demand for cold rolled steel has
increased. Cold rolled steel allows for lightweight designs without sacrificing
strength, making it ideal for meeting stringent regulatory requirements related
to fuel economy and emissions reduction. These benefits align with the growing
emphasis on sustainability and energy efficiency in vehicle production. Additionally,
the rise of electric vehicles (EVs) in India has further accelerated the demand
for cold rolled grained steel. EVs require materials that provide both strength
and lightness to optimize energy efficiency, and cold rolled steel fits this
need perfectly. As the Indian government encourages the production and adoption
of electric vehicles through initiatives like the Faster Adoption and
Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, the need for
high-performance steel in automotive manufacturing continues to grow.
With
the combination of India’s burgeoning automotive market, increasing vehicle
production, and evolving consumer preferences for lightweight, durable, and
aesthetically appealing vehicles, the automotive industry remains the primary
driver of cold rolled grained steel demand in the country.
Based
on Region, East India is emerging as the fastest-growing region in the India
cold rolled grained steel market due to a combination of factors, including
industrial growth, infrastructure development, and strategic location
advantages. The region, comprising states like Odisha, West Bengal, Bihar,
Jharkhand, and Assam, has witnessed significant investment in manufacturing,
steel production, and infrastructure, which drives the demand for high-quality
steel products such as cold rolled grained steel.
One
key factor contributing to East India’s rapid growth is the region's strong
industrial base, particularly in steel manufacturing. States like Odisha and
Jharkhand are home to some of India’s largest steel plants, including the major
production facilities of Tata Steel, JSW Steel, and SAIL. These plants not only
contribute to the region’s industrial output but also serve as key suppliers
for downstream industries such as automotive, construction, and consumer goods,
which require high-performance materials like cold rolled grained steel.
The
Indian government’s focus on developing infrastructure under initiatives like
the "Eastern Peripheral Expressway," "Bharatmala
Pariyojana," and "Smart Cities Mission" is spurring growth in
the region. East India is seeing increased construction activity, particularly
in urban areas like Kolkata, Bhubaneswar, and Ranchi, creating a rising demand
for cold rolled steel for both structural and aesthetic applications.
The
availability of abundant natural resources, such as iron ore and coal, in East
India further strengthens the region's position in the steel production value
chain. This provides cost advantages to manufacturers and allows them to meet
the growing regional and national demand for steel products. Furthermore, East
India is strategically located with access to ports like Kolkata, which
facilitates the export of steel products to international markets. This global
reach provides an added impetus to the growth of the cold rolled grained steel
market in the region.
Major companies
operating in the India Cold Rolled Grained Steel Market are:
- ArcelorMittal
- Nippon Steel Corporation
- JFE Steel Corporation
- Tata Steel Limited
- POSCO
- Steel Authority of India Limited (SAIL)
- Hyundai Steel Company
- Baosteel Group Corporation
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“The India cold rolled grained steel
market presents significant growth opportunities driven by expanding demand
across key sectors such as automotive, construction, and consumer appliances.
With increasing urbanization, infrastructure development, and government
initiatives like "Housing for All" and "Smart Cities," the
need for high-quality steel is poised for growth. Additionally, the rising
preference for high-strength, lightweight materials in automotive manufacturing
and the shift towards sustainable construction practices further enhance market
prospects. Technological advancements in steel production, including
eco-friendly processes, also open avenues for innovation and competitive
differentiation in this evolving market.” said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based global management
consulting firm.
“India Cold Rolled
Grained Steel Market, By Product Type (High Silicon
Content, Low Silicon Content), By Manufacturing Process (Conventional Process,
Non-Conventional Process), By End User (Automotive, Construction, Electrical & Electronics, Machinery
& Tools, Others) By Region, Competition, Forecast & Opportunities, 2021-2031F”, has evaluated the future growth
potential of India Cold Rolled Grained Steel 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
make sound investment decisions., The report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in the
India Cold Rolled Grained Steel Market.
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