The North America Cold Rolled Steel Coil Market is projected to witness market growth of 2.7% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 18,494.62 tonnes, showcasing a growth of 22% (2020-2023).
Half-Hard cold rolled steel coils exhibit moderate hardness, typically achieved through partial annealing, making them less malleable than fully annealed (soft) steel but more workable than full-hard steel. Thus, the Canada market would utilize 1,410.97 tonnes of Half-Hard cold rolled steel coils by 2031.
The US market dominated the North America Cold Rolled Steel Coil Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $30.12 millions by 2031. The Canada market is exhibiting a CAGR of 5% during (2024 - 2031). Additionally, The Mexico market is projected to experience a CAGR of 4.1% during (2024 - 2031).
This offers high tensile strength and excellent durability, making them ideal for structural applications. Buildings and infrastructure constructed using cold-rolled steel coils are strong, sturdy, and able to withstand various environmental conditions, including high winds, earthquakes, and heavy snow loads.
Moreover, buildings and infrastructure constructed using cold-rolled steel coils are less corrosion-resistant, resulting in lower maintenance costs and longer service life. These are lighter than other construction materials, such as concrete and masonry, making them ideal for lightweight construction projects.
Cold-rolled steel coils are used in manufacturing various aircraft components, including structural parts, fuselage frames, wing ribs, and landing gear, contributing to the expansion of the aerospace industry in Canada. The increased emphasis in the aerospace industry on employing lightweight materials to improve aircraft performance, lower emissions, and increase fuel efficiency is driving up demand for cold-rolled steel coil in Canada. The Canadian aerospace industry serves commercial and military markets, with a growing demand for defense and security applications.
Half-Hard cold rolled steel coils exhibit moderate hardness, typically achieved through partial annealing, making them less malleable than fully annealed (soft) steel but more workable than full-hard steel. Thus, the Canada market would utilize 1,410.97 tonnes of Half-Hard cold rolled steel coils by 2031.
The US market dominated the North America Cold Rolled Steel Coil Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $30.12 millions by 2031. The Canada market is exhibiting a CAGR of 5% during (2024 - 2031). Additionally, The Mexico market is projected to experience a CAGR of 4.1% during (2024 - 2031).
This offers high tensile strength and excellent durability, making them ideal for structural applications. Buildings and infrastructure constructed using cold-rolled steel coils are strong, sturdy, and able to withstand various environmental conditions, including high winds, earthquakes, and heavy snow loads.
Moreover, buildings and infrastructure constructed using cold-rolled steel coils are less corrosion-resistant, resulting in lower maintenance costs and longer service life. These are lighter than other construction materials, such as concrete and masonry, making them ideal for lightweight construction projects.
Cold-rolled steel coils are used in manufacturing various aircraft components, including structural parts, fuselage frames, wing ribs, and landing gear, contributing to the expansion of the aerospace industry in Canada. The increased emphasis in the aerospace industry on employing lightweight materials to improve aircraft performance, lower emissions, and increase fuel efficiency is driving up demand for cold-rolled steel coil in Canada. The Canadian aerospace industry serves commercial and military markets, with a growing demand for defense and security applications.
List of Key Companies Profiled
- Tata Steel Limited (TATA Group) (Tata Sons Pvt. Ltd.)
- ArcelorMittal S.A.
- JFE Steel Corporation (JFE Holdings, Inc.)
- Nippon Steel Corporation
- China Steel Corporation
- AK Steel International B.V. (Cleveland-Cliffs Inc.)
- Nucor Corporation
- Hyundai Steel Company (Hyundai Motor Company)
- SSAB AB
- Voestalpine AG
Market Report Segmentation
By Hardness (Volume, Tonnes, USD Million, 2020-2031)- Half-hard
- Full Hard
- Quarter Hard
- Others
- Automotive
- Construction
- Aerospace
- Oil & Gas
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Cold Rolled Steel Coil Market by Hardness
Chapter 5. North America Cold Rolled Steel Coil Market by End-User
Chapter 6. North America Cold Rolled Steel Coil Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Tata Steel Limited (TATA Group) (Tata Sons Pvt. Ltd.)
- ArcelorMittal S.A.
- JFE Steel Corporation (JFE Holdings, Inc.)
- Nippon Steel Corporation
- China Steel Corporation
- AK Steel International B.V. (Cleveland-Cliffs Inc.)
- Nucor Corporation
- Hyundai Steel Company (Hyundai Motor Company)
- SSAB AB
- Voestalpine AG
Methodology
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