
Global Laminated Steel Market Size Study, by Product (Carbon Steel, Low-Alloy Steel, Electrical Steel, Others), by End Use (Automotive & Transportation, Construction & Buildings, Electrical & Electronics, Food & Beverage, Others) and Regional Forecasts 20
Description
The Global Laminated Steel Market was valued at USD 1.64 billion in 2024 and is anticipated to grow at a CAGR of 4.8% over the forecast period 2025-2034. Laminated steel has gained prominence across various industries due to its exceptional durability, corrosion resistance, and noise-reduction properties. With industries increasingly prioritizing efficiency, sustainability, and product longevity, the demand for laminated steel has surged.
The automotive sector is a major contributor to market growth, especially with the rise of electric vehicles (EVs). The material's application in electric motor cores, chassis, and body panels plays a pivotal role in reducing vehicle weight, improving fuel efficiency, and enhancing safety standards. Moreover, stringent government regulations on vehicle emissions and fuel economy have compelled automakers to adopt advanced materials like laminated steel, further driving market expansion.
The construction industry has also played a crucial role in increasing the demand for laminated steel. With rapid urbanization and a shift towards sustainable and energy-efficient building materials, laminated steel has found widespread application in structural frameworks, roofing, and cladding. Its fire-resistant properties, robustness, and aesthetic appeal make it an ideal choice for modern construction projects, especially in commercial and residential infrastructure. The growing focus on green buildings has further enhanced its adoption, as laminated steel is highly recyclable and contributes to energy efficiency.
Technological advancements in lamination techniques, automation, and material innovation have significantly improved the performance and cost-efficiency of laminated steel. Enhanced bonding methods and advanced coatings have expanded the scope of applications, while automation and digitalization in steel production have streamlined manufacturing processes, reducing material wastage and increasing operational efficiency.
The key regions considered for the Global Laminated Steel Market study include Asia-Pacific, North America, Europe, Latin America, and the Rest of the World. In 2024, Asia-Pacific dominated the market, contributing 75.3% of global revenue, driven by large-scale infrastructure projects and a booming automotive industry in China, India, and Japan. North America and Europe continue to experience steady growth due to EV advancements, infrastructure development, and sustainability initiatives. Meanwhile, Latin America, the Middle East, and Africa are poised for significant market expansion, supported by industrialization, rising investments in renewable energy, and growing construction activities.
Major Market Players Included in this Report Are:
By Product:
North America
The automotive sector is a major contributor to market growth, especially with the rise of electric vehicles (EVs). The material's application in electric motor cores, chassis, and body panels plays a pivotal role in reducing vehicle weight, improving fuel efficiency, and enhancing safety standards. Moreover, stringent government regulations on vehicle emissions and fuel economy have compelled automakers to adopt advanced materials like laminated steel, further driving market expansion.
The construction industry has also played a crucial role in increasing the demand for laminated steel. With rapid urbanization and a shift towards sustainable and energy-efficient building materials, laminated steel has found widespread application in structural frameworks, roofing, and cladding. Its fire-resistant properties, robustness, and aesthetic appeal make it an ideal choice for modern construction projects, especially in commercial and residential infrastructure. The growing focus on green buildings has further enhanced its adoption, as laminated steel is highly recyclable and contributes to energy efficiency.
Technological advancements in lamination techniques, automation, and material innovation have significantly improved the performance and cost-efficiency of laminated steel. Enhanced bonding methods and advanced coatings have expanded the scope of applications, while automation and digitalization in steel production have streamlined manufacturing processes, reducing material wastage and increasing operational efficiency.
The key regions considered for the Global Laminated Steel Market study include Asia-Pacific, North America, Europe, Latin America, and the Rest of the World. In 2024, Asia-Pacific dominated the market, contributing 75.3% of global revenue, driven by large-scale infrastructure projects and a booming automotive industry in China, India, and Japan. North America and Europe continue to experience steady growth due to EV advancements, infrastructure development, and sustainability initiatives. Meanwhile, Latin America, the Middle East, and Africa are poised for significant market expansion, supported by industrialization, rising investments in renewable energy, and growing construction activities.
Major Market Players Included in this Report Are:
- Nippon Steel Corporation
- ArcelorMittal
- POSCO
- Tata Steel
- thyssenkrupp AG
- United States Steel Corporation
- China Ansteel Group Corporation Limited
- JFE Steel Corporation
- LIENCHY LAMINATED METAL CO., LTD.
- Alliance Steel
- Baosteel Group Corporation
- AK Steel Holding Corporation
- Voestalpine AG
- Hyundai Steel Company
- Cleveland-Cliffs Inc.
By Product:
- Carbon Steel
- Low-Alloy Steel
- Electrical Steel
- Others
- Automotive & Transportation
- Construction & Buildings
- Electrical & Electronics
- Food & Beverage
- Others
North America
- U.S.
- Canada
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
- Brazil
- Mexico
- Rest of Latin America
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Historical Year – 2022
- Base Year – 2024
- Forecast Period – 2024 to 2034
- Market Estimates & Forecast for 10 years from 2022 to 2034.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand-side and supply-side analysis of the market.
Table of Contents
285 Pages
- Chapter 1. Global Laminated Steel Market Executive Summary
- 1.1. Global Laminated Steel Market Size & Forecast (2024-2034)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By End Use
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Industry Metrics
- 1.7. Investment Analysis
- 1.8 .Investment Rationale
- 1.9. Analyst Recommendation & Conclusion
- Chapter 2. Global Laminated Steel Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer’s Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
- Chapter 3. Global Laminated Steel Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rapid Expansion of EV Industry
- 3.1.2. Growing Demand for Lightweight & Durable Materials in Construction
- 3.1.3. Advancements in Lamination Technologies
- 3.2. Market Challenges
- 3.2.1. High Production Costs
- 3.2.2. Price Volatility of Raw Materials
- 3.3. Market Opportunities
- 3.3.1. Growing Demand for Sustainable and Recyclable Materials
- 3.3.2. Expansion of Renewable Energy Infrastructure
- Chapter 4. Global Laminated Steel Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model
- 4.1.7. Porter’s 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
- Chapter 5. Global Laminated Steel Market Size & Forecasts by Product (2024-2034)
- 5.1. Segment Dashboard
- 5.2. Global Laminated Steel Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Carbon Steel
- 5.2.2. Low-Alloy Steel
- 5.2.3. Electrical Steel
- 5.2.4. Others
- Chapter 6. Global Laminated Steel Market Size & Forecasts by End Use (2024-2034)
- 6.1. Segment Dashboard
- 6.2. Global Laminated Steel Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Automotive & Transportation
- 6.2.2. Construction & Buildings
- 6.2.3. Electrical & Electronics
- 6.2.4. Food & Beverage
- 6.2.5. Others
- Chapter 7. Global Laminated Steel Market Size & Forecasts by Region (2024-2034)
- 7.1. North America
- 7.1.1. U.S.
- 7.1.1.1. Product breakdown size & forecasts, 2022-2032
- 7.1.1.2. End Use breakdown size & forecasts, 2022-2032
- 7.1.2. Canada
- 7.2. Europe
- 7.2.1. U.K.
- 7.2.2. Germany
- 7.2.3. France
- 7.2.4. Spain
- 7.2.5. Italy
- 7.2.6. Rest of Europe
- 7.3. Asia-Pacific
- 7.3.1. China
- 7.3.2. India
- 7.3.3. Japan
- 7.3.4. Australia
- 7.3.5. South Korea
- 7.3.6. Rest of Asia Pacific
- 7.4. Latin America
- 7.4.1. Brazil
- 7.4.2. Mexico
- 7.4.3. Rest of Latin America
- 7.5. Middle East & Africa
- 7.5.1. Saudi Arabia
- 7.5.2. South Africa
- 7.5.3. Rest of Middle East & Africa
- Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Nippon Steel Corporation
- 8.1.2. ArcelorMittal
- 8.1.3. POSCO
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Tata Steel
- 8.3.2. thyssenkrupp AG
- 8.3.3. United States Steel Corporation
- 8.3.4. China Ansteel Group Corporation Limited
- 8.3.5. JFE Steel Corporation
- 8.3.6. LIENCHY LAMINATED METAL CO., LTD.
- 8.3.7. Alliance Steel
- 8.3.8. Baosteel Group Corporation
- 8.3.9. AK Steel Holding Corporation
- 8.3.10. Voestalpine AG
- Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
Pricing
Currency Rates
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