- Summary
- Table Of Content
- Methodology
Cold Rolled Steel Coil Market Size:
Cold Rolled Steel Coil Market size is growing with a CAGR of 3.6% during the forecast period (2025-2032), and the market is projected to be valued at USD 198.34 Million by 2032 from USD 149.68 Million in 2024. Additionally, the market value for the 2025 attributes to USD 154.58 Million.
Cold Rolled Steel Coil Market Scope & Overview:
Cold rolled steel coils are steel products that generally undergo a steel rolling process. Cold rolling is a manufacturing process in which the hot rolled steel is generally passed through the roller at room temperature, which compresses the steel into thinner and more precise coils. The cold rolled coils generally provide better dimensional accuracy, improved mechanical properties and a smoother surface. They allow for more tighter tolerance, and development of thinner gauges of steel. These coils are mainly available in various hardness that includes full hard, half hard, quarter hard, and others. They mainly find their application in automotive manufacturing, electric appliances, construction materials, furniture & shelving, packaging materials, machinery & equipment materials, and others.
Cold Rolled Steel Coil Market Dynamics - (DRO) :
Key Drivers:
The Rise in the Adoption of Electric Vehicles is Driving the Cold Rolled Steel Coil Market Growth.
As EVs are becoming more prevalent, various manufacturers of electric vehicles are seeking materials that improve battery efficiency and performance. The cold rolled steel coils are used in various electric vehicle components as they offer high strength, corrosion resistance, and formability. This allows the development of lightweight and robust components. These coils are utilized in various components such as body panels, chassis, and others. The rise in the adoption of electric vehicles is influencing the use of these coils.
For instance,
- The data by IEA states that the electric cars sector is seeing a growth because of the rising sales that reached approx. 14 million in 2023. The total sales of electric cars have increased from around 4% in 2020 to 18% in 2023.
Thus, the rise in the adoption of electric vehicles is influencing the use of these coils.
The Rise in the Development of Construction Establishments is Propelling the Cold Rolled Steel Coil Market Expansion.
Cold rolled steel coils are widely used in construction projects for various purposes that generally consist of structural framing, roofing, sliding, and as various materials in construction elements. They provide advantages such as strength, durability, and aesthetic appeal, making them a popular choice for construction projects. The rise in construction establishments is influencing the use of these coils.
- According to the data published by the Construction Association, in 2023, states that the construction industry is a significant driver of the U.S. economy, with over 919,000 construction establishments operating in the first quarter of 2023.
Thus, as per the market analysis, the rise in construction establishments is influencing the cold rolled steel coil market demand.
Key Restraints:
Stringent Regulatory Standards is Hampering the Cold Rolled Steel Coil Market Growth.
The Cold Rolled Steel Coil industry faces significant hurdles due to stringent regulatory standards imposed by various regulatory bodies worldwide. These regulations, designed to ensure product safety and efficacy, mainly involve rigorous testing, extensive documentation, and lengthy approval processes. Compliance with these standards is time-consuming and costly, particularly for smaller companies or those developing novel ingredients.
Additionally, changes in regulatory guidelines or the introduction of stricter regulations disrupt established processes and require significant investments in research, development, and manufacturing to meet the new standards. These factors contribute to increased costs, delayed product launches, and limited market access, ultimately hindering market growth.
Future Opportunities :
Development of Coils for Light Weight structure and Precise Forming is Creating Lucrative Cold Rolled Steel Coil Market Opportunities.
The rising demand for lightweight structures, for various growing industries coupled with the need for precise forming in applications like appliances, packaging products and electronics is creating significant opportunities for specialized cold-rolled steel coils. This focus on lightweighting and precision is the production of more efficient, durable, and aesthetically refined products
For instance,
- In 2024, Zaporizhstal partnered with Metinvest to expand its product line with four new offerings such as S250GD coil for lightweight structures, and S215G rolled steel for structural elements, 2.5mm DC01 coil for precise forming.
Thus, the development of novel coils that are designed for light structures, and structural elements is creating lucrative cold rolled steel coil market opportunities.
Cold Rolled Steel Coil Market Segmental Analysis :
By Hardness:
Based on the hardness, the market is segmented into full hard, half hard, quarter hard, and others.
Trends in the Hardness:
- The trend for materials that provide a balance of strength and ductility is influencing the use of half hard steel coils for various applications.
- Growing trend for good formability and surface finish allows the use of quartered hard coils in the manufacture of electrical appliances like refrigerators, washing machines, and other home appliances.
The half hard segment accounted for the largest market share in 2024.
- Half hard cold rolled coils are a temper grade that provides a balanced combination of ductility and strength.
- This makes them important material for a wide range of applications.
- The cold rolling method increases the hardness and strength in comparison with the softer grades.
- It also retains sufficient formability for shallow drawing, stamping operation, and bending.
- These factors make half hard coils a popular choice for certain automotive components.
- The rise in the production of automotives is influencing the use of half hard cold rolled coils in the automotive sector.
- For instance, the data provided by USA Facts, states that Automakers produced approximately 12.86 million vehicles in the US in 2022. Among these around 54% percent of vehicles produced in 2022 were SUVs.
- Thus, the rise in the use of half hard coils in automotives is fueling the Cold Rolled Steel Coil market trends.
The quarter hard segment is expected to grow at the fastest CAGR over the forecast period.
- Quartered hard cold rolled steel coils are one of the types of cold rolled steel that are generally produced with a particular degree of hardness, mainly between skin pass and full hard.
- This level of hardness is accomplished through controlled cold rolling, which enhances the strength of the steel and yield point, while vaguely decreasing its ductility.
- Thus, as per the market analysis, the growing utilization of naturally sourced ingredients is influencing the Cold Rolled Steel Coil market demand and trends in the coming years.
By Application:
Based on the application, the market is categorized into automotive manufacturing, electric appliances, construction materials, furniture & shelving, packaging materials, machinery & equipment materials, and others.
Trends in application:
- The rise in trends for electric vehicles with light weight properties, is influencing the use of cold rolled steel coils.
- Development of reliable packaging material for precise formability is influencing the use of cold rolled steel coils.
The automotive manufacturing segment accounted for the largest Cold Rolled Steel Coil market share of 39.15% in the year 2024.
- Cold rolled steel coils are important in automotive manufacturing mainly because of their high strength, superior surface finish and excellent formability.
- This material is widely used for various panels used for the vehicles body, frames of the seat, and numerous structural parts.
- It contributes towards the enhancement of vehicles safety, aesthetic appeal, and durability.
- The rise in the adoption of EVs emphasizes the need for lightweight and high-strength cold-rolled steel grades.
- For instance, the data by India Brand Equity Foundation, states that, in 2023, electric vehicle sales in India saw a significant increase of 49.25%, reaching 1.52 million units.
- Thus, as per the analysis, these aforementioned factors are influencing the Cold Rolled Steel Coil market expansion.
The packaging materials segment is expected to grow at the fastest CAGR over the forecast period.
- The use of these coils in packaging material is a significant application for the market.
- Cold rolled steel coils are utilized in various packaging materials because of their properties that generally include smooth surface, precise dimensions, and enhanced mechanical properties.
- This makes them suitable for applications that generally require precise formability and clean finish
- They are used for packaging items that require a high degree of protection from factors such corrosion and physical damage.
- Thus, as per the market analysis, the growing use of these coils in packaging materials is influencing the Cold Rolled Steel Coil market trends.
Regional Analysis:
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
In 2024, Asia Pacific accounted for the highest cold rolled steel coil market share at 41.02% and was valued at USD 61.39 million and is expected to reach USD 77.38 million in 2032. In Asia Pacific, China accounted for the market share of 37.66% during the base year of 2024. The Asia Pacific region is the dominating region for cold rolled steel coils mainly because of the rise in production and adoption of automotive vehicles. Cold-rolled steel is one of the important materials in both traditional and electric vehicle manufacturing in the Asia Pacific region. The rise in the use of EVs in China is influencing the use of these coils in this region
For instance,
- The data by IEA states that China maintains its position as the EV market leader, with electric cars accounting for almost half of all car sales in 2024. The number of electric cars sold in China in 2023 which is more than 11 million is equivalent to the total sold worldwide in 2022.
Thus, as per the market analysis, the rise in the adoption of electric vehicles is influencing the use of these oils.
Europe is experiencing the fastest growth with a CAGR of 4.7% over the forecast period. The rise in the development of novel coils mainly for the formation of light weight structure and precise forming creates potential to produce cold rolled steel coils that are available in various harness types and thickness. This is beneficial for applications such as applications like appliances, packaging products and electronics. Overall, as per the cold rolled steel coil market analysis, the Asia Pacific region is a dynamic and promising market that offers significant potential for manufacturers and suppliers, thus influencing the growth of the market.
The North America market for cold rolled steel coil is dynamic mainly because of the rise in the number of construction projects. These projects use these coils as construction material for various applications such as structural framing, roofing, sliding, and as various materials in construction elements. They provide benefits such as high durability and strength which is important in various construction projects. Thus, as per the market analysis, the rise in the number of construction projects is driving the market expansion in the coming years.
The Middle East and Africa (MEA) region is witnessing a surge in the demand for Cold Rolled Steel Coil, driven by factors such as rising disposable incomes, increasing healthcare awareness, and a growing population. The use of electrical appliances is gaining significant momentum mainly because of the ease and time saving provides because of the use of these appliances. The cold rolled coils that are made from steel are used for manufacturing numerous electrical appliances mainly because of properties such as durability, dimensional accuracy and others. Thus, as per the cold rolled steel coil market analysis, these aforementioned factors are influencing the market growth and trends.
Latin America presents a dynamic market, driven by the rise in the demand for reliable machinery and equipment that are required for manufacturing various products. Cold rolled steel coils are one of the common materials that are used in the manufacturing of various machinery and equipment because of the properties that consists of improved surface finish, and enhanced mechanical properties. As the region continues to develop, the market share for cold rolled steel coil in Latin America is poised for substantial rise, driven by innovation, consumer demand and trends.
Top Key Players and Market Share Insights:
The global Cold Rolled Steel Coil market is highly competitive with major players providing precise products to the national and international markets. Key players are adopting several strategies in research and development (R&D) and product innovation to hold a strong position in the global Cold Rolled Steel Coil market. Key players in the Cold Rolled Steel Coil industry include-
- ArcelorMittal (Luxembourg)
- Siegal Steel Company (United States)
- Berlin Metals (United States)
- California Steel Industries (United States)
- Majestic Steel USA (United States)
- POSCO (South Korea)
- SAMBHV Steel (India)
- Nippon Steel Corporation (Japan)
- Shandong Baosteel Industry Co., Ltd (China)
- Tata Steel (India)
Recent Industry Developments :
Mergers & Acquisitions:
- In 2024, Zaporizhstal partnered with Metinvest to expand its product line with four new offerings such as S250GD coil for lightweight structures, and S215G rolled steel for structural elements, 2.5mm DC01 coil for precise forming.
Cold Rolled Steel Coil Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2019-2032 |
| Market Size in 2032 | USD 198.34 Million |
| CAGR (2025-2032) | 3.6% |
| By Hardness |
|
| By Application |
|
| By Region |
|
| Key Players |
|
| North America | U.S. Canada Mexico |
| Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
| APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
| Middle East and Africa | GCC Turkey South Africa Rest of MEA |
| LATAM | Brazil Argentina Chile Rest of LATAM |
| Report Coverage |
|
Key Questions Answered in the Report
How big is the Cold Rolled Steel Coil market? +
In 2024, the Cold Rolled Steel Coil market is USD 149.68 Million.
Which is the fastest-growing region in the Cold Rolled Steel Coil market? +
Europe is the fastest-growing region in the Cold Rolled Steel Coil market.
What specific segmentation details are covered in the Cold Rolled Steel Coil market? +
Hardness and Application segmentation details are covered in the Cold Rolled Steel Coil market.
Who are the major players in the Cold Rolled Steel Coil market? +
ArcelorMittal (Luxembourg), POSCO (South Korea), SAMBHV Steel (India) are some of the major players in the market.
