The Europe Cold Rolled Steel Coil Market would witness market growth of 3.0% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 20,922.49 tonnes, showcasing a growth of 22.4% (2020-2024).
Full Hard steel possesses minimal ductility and is often utilized in structural applications where forming is not required post-processing. This type of steel is favoured for its cost-effectiveness and ability to maintain precise dimensional tolerances. Therefore, the Germany market would utilize 2,002.05 tonnes of full hard cold rolled steel coil by 2031.
The Germany market dominated the Europe Cold Rolled Steel Coil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7,911.9 Thousands by 2031. The UK market is experiencing a CAGR of 2.1% during (2024 - 2031). Additionally, The France market would exhibit a CAGR of 3.9% during (2024 - 2031).
This offers tight dimensional tolerances and excellent surface quality, making them suitable for manufacturing pipes and tubes with precise dimensions. High-quality pipes and tubes are produced using cold-rolled steel coils, guaranteeing uniform thickness and a smooth surface finish.
Additionally, pipes and tubes manufactured using cold-rolled steel coils can be easily welded together to create complex piping systems and structures. Cold-rolled steel coils can manufacture various pipes and tubes for various applications, including plumbing, construction, automotive, and industrial.
According to Eurostat data, in 2021, a substantial fraction of the EU population resided in primarily urban regions (40.5%) and intermediate regions (38.7%), with the remaining fifth (20.8%) living in predominantly rural regions. European countries are investing in infrastructure development and urban renewal projects to modernize cities, improve connectivity, and enhance quality of life. Cold-rolled steel coils are used to construct buildings, bridges, roads, railways, and other urban infrastructure, driving European steel demand. Europe's growing population and urbanization trends drive residential and commercial real estate demand.
Free Valuable Insights: The Global Cold Rolled Steel Coil Market will Hit USD 192.8 Million by 2031, at a CAGR of 3.3%
Based on Hardness, the market is segmented into Half-hard, Full Hard, Quarter Hard, and Others. Based on End User, the market is segmented into Automotive, Construction, Aerospace, Oil & Gas, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Hardness (Volume, Tonnes, USD Million, 2020-2031)
By End User (Volume, Tonnes, USD Million, 2020-2031)
By Country (Volume, Tonnes, USD Million, 2020-2031)
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