Us Cold Rolled Section Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Cold Rolled Section Market was valued at USD 20 Billion in 2022 and is projected to reach USD 28 Billion by 2030, growing at a CAGR of 4.2% from 2024 to 2030.
The US Cold Rolled Section Market is experiencing significant growth, driven by the rising demand for steel products across various industries such as construction, automotive, and manufacturing. Cold rolled sections, which are produced by processing steel at room temperature, offer superior strength, durability, and surface finish compared to hot-rolled sections. These attributes make them ideal for applications where precision and aesthetics are paramount.
The market for cold rolled sections in the United States is expected to witness a steady rise, fueled by infrastructure development, increasing urbanization, and a shift towards lightweight materials in construction. Cold-rolled steel sections are used in the fabrication of structural frames, walls, and floors in commercial buildings, residential complexes, and industrial facilities. This growing demand for steel in construction, particularly in the North American region, will continue to drive market growth.
In addition to construction, the automotive sector is also a key driver of the cold rolled section market. With the increasing trend towards electric vehicles and lighter, more fuel-efficient cars, manufacturers are adopting cold rolled steel for car body panels, structural components, and other automotive parts. The lightweight nature of cold rolled sections helps in reducing the overall weight of vehicles, contributing to improved fuel efficiency and performance.
One of the major challenges faced by the US cold rolled section market is the fluctuating raw material prices, which can impact production costs. Moreover, trade tariffs and import duties on steel can also affect market dynamics. Despite these challenges, technological advancements in manufacturing processes and the growing demand for advanced steel products are expected to keep the market on a positive growth trajectory.
The market is highly competitive, with numerous players operating in the region. Companies are focusing on expanding their product offerings, improving production efficiency, and adopting sustainable practices to stay ahead of the competition. With increasing demand for energy-efficient and lightweight steel products, the future of the US cold rolled section market looks promising, presenting opportunities for growth and innovation in the coming years.
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ArcelorMittal
Nippon
Hebei Iron and Steel Group
Baowu Group
Posco
Jiangsu Shagang
Tata Steel Group
Hyundai Steel Company
JFE Steel Corporation
TISCO
Hongwang Group
Zhejiang Yongjin Corp
Beihai Chengde Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Cold Rolled Section Market
Channels
Angles
Flat Bars
Beams
Construction
Aerospace
Automotive
Energy
Manufacturing
Transportation
Building and Construction
Heavy Engineering
Marine
Mining
Commercial
Residential
Thin Sections (up to 3 mm)
Medium Sections (3 mm - 10 mm)
Heavy Sections (above 10 mm)
Galvanized
Cold-Rolled
Painted
Mill Finish
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Cold Rolled Section Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Cold Rolled Section Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cold Rolled Section Market, By Type
6. Global Cold Rolled Section Market, By Application
7. Global Cold Rolled Section Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Cold Rolled Section Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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