Global Hot Rolled Coils Market Growth 2023-2029

Global Hot Rolled Coils Market Growth 2023-2029

Product Code:454261

Published Date: Feb 08,2023

Pages: 123

Region: Global

Category: Chemical & Material

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Hot rolling is a mill process which involves rolling the steel at a high temperature (typically at a temperature over 1700° F), which is above the steel’s recrystallization temperature. When steel is above the recrystallization temperature, it can be shaped and formed easily, and the steel can be made in much larger sizes. Hot rolled steel is typically cheaper than cold rolled steel due to the fact that it is often manufactured without any delays in the process, and therefore the reheating of the steel is not required (as it is with cold rolled). When the steel cools off it will shrink slightly thus giving less control on the size and shape of the finished product when compared to cold rolled.

Hot Rolled Coils refers to the rolling of flat rolled sheet and coil products.

LPI (LP Information)' newest research report, the “Hot Rolled Coils Industry Forecast” looks at past sales and reviews total world Hot Rolled Coils sales in 2022, providing a comprehensive analysis by region and market sector of projected Hot Rolled Coils sales for 2023 through 2029. With Hot Rolled Coils sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hot Rolled Coils industry.

This Insight Report provides a comprehensive analysis of the global Hot Rolled Coils landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hot Rolled Coils portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Hot Rolled Coils market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hot Rolled Coils and breaks down the forecast by thickness, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hot Rolled Coils.

The global Hot Rolled Coils market size is projected to grow from US$ 238.7 million in 2022 to US$ 285.5 million in 2029; it is expected to grow at a CAGR of 285.5 from 2023 to 2029.

Global Hot Rolled Coils key players include ArcelorMittal, China Baowu Steel Group, Nippon Steel & Sumitomo Metal, JFE Steel Corporation, Ansteel Group, etc. Global top five manufacturers hold a share over 45%.

China is the largest market, with a share over 35%, followed by North America and Europe, both have a share over 30%. 
In terms of product, ≥3mm is the largest segment, with a share over 65%. And in terms of application, the largest application is Construction, followed by Transport, Energy, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Hot Rolled Coils market by product thickness, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by thickness
    ≥3mm
    <3mm

Segmentation by application
    Construction
    Transport
    Energy
    Machinery
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    ArcelorMittal
    China Baowu Steel Group
    Nippon Steel & Sumitomo Metal
    JFE Steel Corporation
    Ansteel Group
    Tata Steel
    Hesteel Group
    POSCO
    Nucor Corporation
    Benxi Steel Group
    Shougang
    Shagang Group
    NLMK Group
    ThyssenKrupp
    JSW Steel Ltd
    Maanshan Steel
    United States Steel Corporation
    Jianlong Group
    Valin Steel Group
    Steel Authority of India Limited
    China Steel Corporation
    Hyundai Steel
    Jingye Steel
    Gerdau

Key Questions Addressed in this Report
What is the 10-year outlook for the global Hot Rolled Coils market?
What factors are driving Hot Rolled Coils market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Hot Rolled Coils market opportunities vary by end market size?
How does Hot Rolled Coils break out thickness, application?
What are the influences of COVID-19 and Russia-Ukraine war?