Product Code: 28214
Global Cold Rolled Coil (CRC) market was valued at USD 72,904.42 million in 2024 and is projected to reach USD 93,400.52 million by 2030, growing at a compound annual growth rate (CAGR) of 4.85% over the forecast period. This growth is driven by rising demand across key industries such as automotive, construction, consumer goods, and industrial manufacturing.Cold rolled coils-processed at ambient temperatures through cold reduction mills-are known for their exceptional surface finish, enhanced strength, and high dimensional precision. These properties make CRCs an ideal choice for applications requiring high-quality steel.
Market Overview |
Forecast Period | 2026-2030 |
Market Size 2024 | USD 72904.42 Million |
Market Size 2030 | USD 93400.52 Million |
CAGR 2025-2030 | 4.85% |
Fastest Growing Segment | Direct |
Largest Market | Asia-Pacific |
Market Drivers
Expansion of the Automotive Industry
The automotive sector represents one of the largest consumers of CRC, utilizing it for manufacturing vehicle body panels, structural elements, and chassis systems. The industry's pivot toward lightweight, high-strength materials-aimed at improving fuel efficiency and meeting safety standards-has intensified demand for Advanced High-Strength Steel (AHSS) CRCs. China's focus on New Energy Vehicles (NEVs) exemplifies this trend. Government incentives, such as tax exemptions, have propelled NEV production from approximately 17,500 units in 2013 to over 3.5 million units in 2021. These efforts aim to reduce urban air pollution and enhance the competitiveness of Chinese automakers in the global market.
Globally, increasing vehicle production-especially in markets like China, India, the United States, and Germany-is fueling CRC demand. CRC's superior finish, consistent thickness, and mechanical strength are critical for components such as doors, roof structures, and crash-resistant parts. The shift toward regulatory-compliant, fuel-efficient vehicle designs continues to drive adoption of AHSS and Ultra High-Strength Steel (UHSS), predominantly manufactured through cold rolling processes.
Growth in Infrastructure and Construction
Rapid urbanization and ongoing infrastructure development are increasing the need for CRC in construction applications such as roofing, wall panels, and structural frameworks. The material's high durability and corrosion resistance make it a preferred choice for long-lasting building components.
Market Challenges
Volatile Raw Material Costs
One of the primary challenges facing the CRC market is the volatility of raw material prices. CRC production relies heavily on hot rolled steel, which in turn depends on commodities like iron ore, coking coal, and scrap metal. Prices of these inputs fluctuate frequently due to global economic conditions, geopolitical tensions, and supply chain disruptions.
Iron ore prices, in particular, are highly sensitive to supply-demand imbalances and trade policies. Any disruption in key supplier nations such as Australia, Brazil, or China can lead to sudden cost increases. Additionally, energy costs-particularly for coking coal and electricity-significantly influence operational expenses in CRC manufacturing. Stricter environmental regulations and carbon compliance standards are also contributing to increased production costs for energy-intensive steel processes.
Market Trends
Rising Application in Electrical and Home Appliance Sectors
The growing consumer base for electronics and home appliances-including refrigerators, washing machines, ovens, and air conditioners-is contributing to increased CRC consumption. Certain CRC grades, such as JIS 35JN270, are commonly used in appliance production due to their strength and corrosion resistance.
Cold-rolled electrical silicon steel, a specific type of CRC, is widely used in generators, electric motors, and transformers. As renewable energy infrastructure expands and countries invest in modernizing power distribution networks, the demand for CRC-based electrical components is expected to rise. The material's superior formability and structural integrity make it essential in manufacturing casings, doors, and internal parts of both residential appliances and industrial electrical systems.
Key Market Players
- JSW Steel Ltd.
- Usinas Siderurgicas 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.
Report Scope
In this report, the Global Cold Rolled Coil Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Cold Rolled Coil Market, By Sales Channel:
Cold Rolled Coil Market, By End Use:
- Automotive
- Construction & Infrastructure
- Appliances & Electronic
- Packaging
- Electrical & Power Generation
- Others
Cold Rolled Coil Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Cold Rolled Coil Market.
Available Customizations:
Global Cold Rolled Coil Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, and Trends
4. Impact of COVID-19 on Global Cold Rolled Coil Market
- 4.1. Global Cold Rolled Coil Market Outlook
- 4.2. Market Size & Forecast
- 4.3. Market Share & Forecast
- 4.3.1. By Sales Channel (Direct, Indirect)
- 4.3.2. By End Use (Automotive, Construction & Infrastructure, Appliances & Electronic, Packaging, Electrical & Power Generation, Others)
- 4.3.3. By Region
- 4.3.4. By Company (2024)
- 4.4. Market Map
5. North America Cold Rolled Coil Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Sales Channel
- 5.2.2. By End Use
- 5.2.3. By Country
- 5.3. North America: Country Analysis
- 5.3.1. United States Cold Rolled Coil Market Outlook
- 5.3.1.1. Market Size & Forecast
- 5.3.1.2. Market Share & Forecast
- 5.3.1.2.1. By Sales Channel
- 5.3.1.2.2. By End Use
- 5.3.2. Mexico Cold Rolled Coil Market Outlook
- 5.3.2.1. Market Size & Forecast
- 5.3.2.2. Market Share & Forecast
- 5.3.2.2.1. By Sales Channel
- 5.3.2.2.2. By End Use
- 5.3.3. Canada Cold Rolled Coil Market Outlook
- 5.3.3.1. Market Size & Forecast
- 5.3.3.2. Market Share & Forecast
- 5.3.3.2.1. By Sales Channel
- 5.3.3.2.2. By End Use
6. Europe Cold Rolled Coil Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Sales Channel
- 6.2.2. By End Use
- 6.2.3. By Country
- 6.3. Europe: Country Analysis
- 6.3.1. France Cold Rolled Coil Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Sales Channel
- 6.3.1.2.2. By End Use
- 6.3.2. Germany Cold Rolled Coil Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Sales Channel
- 6.3.2.2.2. By End Use
- 6.3.3. United Kingdom Cold Rolled Coil Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Sales Channel
- 6.3.3.2.2. By End Use
- 6.3.4. Italy Cold Rolled Coil Market Outlook
- 6.3.4.1. Market Size & Forecast
- 6.3.4.2. Market Share & Forecast
- 6.3.4.2.1. By Sales Channel
- 6.3.4.2.2. By End Use
- 6.3.5. Spain Cold Rolled Coil Market Outlook
- 6.3.5.1. Market Size & Forecast
- 6.3.5.2. Market Share & Forecast
- 6.3.5.2.1. By Sales Channel
- 6.3.5.2.2. By End Use
7. Asia Pacific Cold Rolled Coil Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Sales Channel
- 7.2.2. By End Use
- 7.2.3. By Country
- 7.3. Asia Pacific: Country Analysis
- 7.3.1. China Cold Rolled Coil Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Sales Channel
- 7.3.1.2.2. By End Use
- 7.3.2. India Cold Rolled Coil Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Sales Channel
- 7.3.2.2.2. By End Use
- 7.3.3. South Korea Cold Rolled Coil Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Sales Channel
- 7.3.3.2.2. By End Use
- 7.3.4. Japan Cold Rolled Coil Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Sales Channel
- 7.3.4.2.2. By End Use
- 7.3.5. Australia Cold Rolled Coil Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Sales Channel
- 7.3.5.2.2. By End Use
8. South America Cold Rolled Coil Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Sales Channel
- 8.2.2. By End Use
- 8.2.3. By Country
- 8.3. South America: Country Analysis
- 8.3.1. Brazil Cold Rolled Coil Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Sales Channel
- 8.3.1.2.2. By End Use
- 8.3.2. Argentina Cold Rolled Coil Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Sales Channel
- 8.3.2.2.2. By End Use
- 8.3.3. Colombia Cold Rolled Coil Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Sales Channel
- 8.3.3.2.2. By End Use
9. Middle East and Africa Cold Rolled Coil Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Sales Channel
- 9.2.2. By End Use
- 9.2.3. By Country
- 9.3. MEA: Country Analysis
- 9.3.1. South Africa Cold Rolled Coil Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Sales Channel
- 9.3.1.2.2. By End Use
- 9.3.2. Saudi Arabia Cold Rolled Coil Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Sales Channel
- 9.3.2.2.2. By End Use
- 9.3.3. UAE Cold Rolled Coil Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Sales Channel
- 9.3.3.2.2. By End Use
10. Market Dynamics
- 10.1. Drivers
- 10.2. Challenges
11. Market Trends & Developments
- 11.1. Merger & Acquisition (If Any)
- 11.2. Product Launches (If Any)
- 11.3. Recent Developments
12. Global Cold Rolled Coil Market: SWOT Analysis
13. Porters Five Forces Analysis
- 13.1. Competition in the Industry
- 13.2. Potential of New Entrants
- 13.3. Power of Suppliers
- 13.4. Power of Customers
- 13.5. Threat of Substitute Products
14. Competitive Landscape
- 14.1. JSW Steel Ltd.
- 14.1.1. Business Overview
- 14.1.2. Company Snapshot
- 14.1.3. Products & Services
- 14.1.4. Financials (As Reported)
- 14.1.5. Recent Developments
- 14.1.6. Key Personnel Details
- 14.1.7. SWOT Analysis
- 14.2. Usinas Siderurgicas de Minas Gerais S.A. (USIMINAS)
- 14.3. Tata steel
- 14.4. JFE Steel Corporation
- 14.5. Hyundai Steel
- 14.6. MARCEGAGLIA STEEL S.p.A
- 14.7. Gnee Steel (tianjin) Co., Ltd
- 14.8. ArcelorMittal
- 14.9. Benxi Steel Plates Co., Ltd.
15. Strategic Recommendations
16. About Us & Disclaimer