South Korea Cold Rolled Mild Steel Market was valued at USD 25 Billion in 2022 and is projected to reach USD 35 Billion by 2030, growing at a CAGR of 4.7% from 2024 to 2030.
The South Korea Cold Rolled Mild Steel Market has been experiencing steady growth, fueled by a growing demand across various industries. Cold-rolled mild steel is widely used for its excellent surface finish and dimensional accuracy, making it a vital material in sectors such as automotive, construction, and manufacturing. The market’s demand for this product is driven by the continuous expansion of these industries and the increasing focus on energy efficiency and product durability.
One of the primary applications of cold-rolled mild steel is in the automotive industry, where it is used to manufacture high-strength parts like body panels, frames, and chassis. The South Korean automotive market is among the largest globally, with major manufacturers seeking to produce vehicles that are lightweight yet durable. Cold-rolled mild steel provides the ideal balance of strength, formability, and cost-efficiency that automakers require. The increasing trend of electric vehicles (EVs) further drives the demand for this material, as manufacturers aim to reduce vehicle weight and improve fuel efficiency.
The construction sector in South Korea also relies heavily on cold-rolled mild steel, particularly in the production of structural components like beams, columns, and reinforcements. With South Korea's booming construction industry, spurred by both residential and commercial projects, the need for high-quality steel materials has risen. Cold-rolled mild steel’s ability to be shaped into precise dimensions and its strength under heavy loads makes it a preferred choice for builders and contractors.
Another important industry is manufacturing, where cold-rolled mild steel is used in the production of appliances, machinery, and consumer goods. Its smooth surface is ideal for manufacturing products that require precise specifications, and the cost-effectiveness of cold-rolled mild steel makes it an attractive option for mass production.
As the demand for cold-rolled mild steel continues to rise, industries in South Korea are seeking suppliers who can deliver high-quality materials that meet strict industry standards. Companies that can ensure reliability and consistency in their steel products are positioned to thrive in the growing South Korean market.
Get an In-Depth Research Analysis of the South Korea Cold Rolled Mild Steel Market Size And Forecast [2025-2032]
Â
HBIS GROUP
BENSTEEL GROUP
SHAGANG GROUP
JISCO
WAELZHOLZ
Alliance
Â
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.
Get Discount On The Purchase of the South Korea Cold Rolled Mild Steel Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Cold Rolled Mild Steel Market
Automotive Industry
Construction and Infrastructure
Manufacturing and Fabrication
Appliances and Electronics
Packaging and Containers
Flat Sheets
Coils
Strips
Plates
Specialty Products
Automotive
Construction
Aerospace
Energy & Power
Consumer Goods
Galvanized
Oiled
Uncoated
Painted
Coated
Thin (up to 0.5 mm)
Medium (0.5 mm to 2 mm)
Thick (above 2 mm)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Cold Rolled Mild Steel Market Research Analysis
1. Introduction of the South Korea Cold Rolled Mild Steel 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. South Korea Cold Rolled Mild Steel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Cold Rolled Mild Steel Market, By Type
6. South Korea Cold Rolled Mild Steel Market, By Application
7. South Korea Cold Rolled Mild Steel Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Cold Rolled Mild Steel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/