North America Cold Rolled Steel Coil Market Size, Share & Trends Analysis Report By Hardness (Half-hard, Full Hard, Quarter Hard, and Others), By End User (Automotive, Construction, Aerospace, Oil & Gas, and Others), By Country and Growth Forecast, 2024 - 2031
The North America Cold Rolled Steel Coil Market would 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 would continue to be a dominant market till 2031; thereby, achieving a market value of $30,122.9 Thousands by 2031. The Canada market is exhibiting a CAGR of 5% during (2024 - 2031). Additionally, The Mexico market would 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.
Based on Hardness, the market is segmented into Half-hard, Full Hard, Quarter Hard, and Others. Based on End User, the market is segmented into Automotive, Construction, Aerospace, Oil & Gas, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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
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
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Cold Rolled Steel Coil Market, by Hardness
- 1.4.2 North America Cold Rolled Steel Coil Market, by End User
- 1.4.3 North America Cold Rolled Steel Coil Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. North America Cold Rolled Steel Coil Market by Hardness
- 4.1 North America Half-hard Market by Country
- 4.2 North America Full Hard Market by Country
- 4.3 North America Quarter Hard Market by Country
- 4.4 North America Others Market by Country
- Chapter 5. North America Cold Rolled Steel Coil Market by End-User
- 5.1 North America Automotive Market by Country
- 5.2 North America Construction Market by Country
- 5.3 North America Aerospace Market by Country
- 5.4 North America Oil & Gas Market by Country
- 5.5 North America Others Market by Country
- Chapter 6. North America Cold Rolled Steel Coil Market by Country
- 6.1 US Cold Rolled Steel Coil Market
- 6.1.1 US Cold Rolled Steel Coil Market by Hardness
- 6.1.2 US Cold Rolled Steel Coil Market by End-User
- 6.2 Canada Cold Rolled Steel Coil Market
- 6.2.1 Canada Cold Rolled Steel Coil Market by Hardness
- 6.2.2 Canada Cold Rolled Steel Coil Market by End-User
- 6.3 Mexico Cold Rolled Steel Coil Market
- 6.3.1 Mexico Cold Rolled Steel Coil Market by Hardness
- 6.3.2 Mexico Cold Rolled Steel Coil Market by End-User
- 6.4 Rest of North America Cold Rolled Steel Coil Market
- 6.4.1 Rest of North America Cold Rolled Steel Coil Market by Hardness
- 6.4.2 Rest of North America Cold Rolled Steel Coil Market by End-User
- Chapter 7. Company Profiles
- 7.1 Tata Steel Limited (TATA Group) (Tata Sons Pvt. Ltd.)
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Partnerships, Collaborations, and Agreements:
- 7.1.5.2 Product Launches and Product Expansions:
- 7.1.6 SWOT Analysis
- 7.2 ArcelorMittal S.A.
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 SWOT Analysis
- 7.3 JFE Steel Corporation (JFE Holdings, Inc.)
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental Analysis
- 7.3.4 SWOT Analysis
- 7.4 Nippon Steel Corporation
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 Recent strategies and developments:
- 7.4.5.1 Acquisition and Mergers:
- 7.4.6 SWOT Analysis
- 7.5 China Steel Corporation
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expenses
- 7.5.5 SWOT Analysis
- 7.6 AK Steel International B.V. (Cleveland-Cliffs Inc.)
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 SWOT Analysis
- 7.7 Nucor Corporation
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental Analysis
- 7.7.4 Research & Development Expenses
- 7.7.5 SWOT Analysis
- 7.8 Hyundai Steel Company (Hyundai Motor Company)
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Regional Analysis
- 7.8.4 Research & Development Expenses
- 7.8.5 SWOT Analysis
- 7.9 SSAB AB
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expenses
- 7.9.5 SWOT Analysis
- 7.10. Voestalpine AG
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expenses
- 7.10.5 SWOT Analysis
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