The global market for laminated steel is expected to be valued USD 2 billion in 2021 and grow at a compound annual growth rate (CAGR) of 4.7 percent to reach a readjusted size of USD 2.7 billion by 2028.
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"The Global Laminated Steel Market 2018-2028 (USD Billion)")
One of the major factors expected to fuel the laminated steel market growth by the end of the forecast spell is constantly rising steel market as well as need for various layers of steels above alloys of steel for the applications such as consumer goods, beverage cans and others. Another factor expected to bolster the market growth is increasing demand for household appliances for instance knife & motors, transformers and other consumer goods. On the other hand, there are certain factors that can likely hinder the market growth over the forecast period like multifaceted procedure involved in manufacturing the different layers of steels over any alloy of steel plus cost involved in the process is higher than the traditional process.
The global laminated steel market has been segmented by different manufacturing process, application, end-user and geography.
Geographically, global laminated steel market has been divided to seven key regions, covering Latin America, North America, Europe, Asia Pacific and Middle East & Africa. Besides, Asia Pacific region is projected lead the market of laminated steel across the globe because of its rapidly growing construction business as well as usage of laminated steel in several utensils. In addition, in Asia Pacific region India and China are expected witness a substantial growth in laminated steel market across the globe. Moreover, Asia Pacific is trailed by North America in terms of consumption owing to its high production of beverage cans for several applications as well as flourishing construction industry. Furthermore, another major region contributing towards the global laminated steel market is Europe because of its surging automobiles market. On the other hand, Latin America and Middle East & Africa are developing at a limited rate in the global laminated steel market but is projected to record a huge growth in forthcoming further.
The global market laminated steel is moderately fragmented and competitive with prominent players of the industry. Some of the key players include NSSMC, Toyo Kohan, JFE, Tata steel, ORG, Lienchy, TCC Steel, ThyssenKrupp Steel, Gerui Group, Guangyu, Leicong, Metalcolour and Arena Metal.
Global Laminated Steel Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | USD 4.7 billion |
| Growth Rate | CAGR of 3.8 % during 2018-2028 |
| Segment Covered | Manufacturing,Applications,End-use,Geographical . |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | NSSMC, Toyo Kohan, JFE, Tata steel, ORG, Lienchy, TCC Steel, ThyssenKrupp Steel, Gerui Group, Guangyu, Leicong, Metalcolour and Arena Metal. |
Key segments of the global laminated steel market include:
- Manufacturing process:
- Oxygen
- Electric
- Applications:
- Motors
- Generators
- Transformer
- Beverage cans
- Knifes
- Sword
- End-use industry,
- Electrical & Electronics
- Food & Beverages
- Consumer Goods
- Industrial
- Geographical Segmentation
- North America (Canada, USA, & Mexico)
- Europe (France, Germany, Russia, UK & Italy)
- Asia-Pacific (Japan, China, Korea, India & Southeast Asia)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East & Africa (UAE, Saudi Arabia, Nigeria, Egypt & South Africa)
What to expect from the upcoming report on ‘Global Laminated Steel Market:
- Analyzes about future prospects as well as global laminated steel market trends market over the forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing as well as developed economies and also various macro & microeconomic factors that affect the growth of the market.
- Supportive initiatives by government likely to influence the market dynamics.
- Key drivers influencing market’s growth, opportunities, restraints, sales channels and distributors.
- In-depth analysis of different market segmentations including end-user, application, manufacturing process and geographical regions.
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market such as expansions, growth strategies, agreements, new product launches and acquisitions in the market
- Value Chain and Sales Channels Analysis
Frequently Asked Questions (FAQ) :
The market value of Laminated Steel market in 2028 was USD 2.7 billion
The Laminated Steel market is growing at a CAGR of 4.7% over the forecast period.
The base year for the report is 2023 in Laminated Steel market.