According to a recent market study published by Growth Market Reports, titled, “Global 0.2mm to 0.3mm Thickness Cold Rolled Steel Market” by Type (Car body steel, electrical steel, ultra-low carbon steel, others.), by Distribution (distributor, direct sales), by End User (automotive, energy, others), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa): Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at USD 6,611.8 Million in 2021 and is expected to grow at a growth rate of 3.1% by the year 2030.

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As per Growth Market Reports industry analyst, “Global 0.2mm to 0.3mm Thickness Cold Rolled Steel Market is anticipated to witness significant growth during the forecast period 2022-2030. Rising demand for 0.2mm to 0.3mm cold rolled steel from the automotive sector is a major contributor to global market growth. The production of automobile structures employs 0.2mm to 0.3 mm thick cold rolled steel coil. A cold-rolled material is used in automotive production, due to its high surface morphology and mechanical properties.

Cold-rolled steel is a ductile material used in various applications in automobiles, household appliances, furniture lockers, and daily used items. Additionally, cold-rolled steel is used across various industries including engineering, fixture, construction, agriculture, industrial, packing, and furniture. The sheet is designed to offer easy formability as well as smooth and clean surfaces.

Cold rolling is the process where the shape of the steel is changed or transformed without applying heat. This process is conducted at room temperature using mechanical stress to change the structure of the metal. Strain hardening can improve the metal's strength by up to 20% and can also improve a metal's surface finish.

This type of rolled steel is 20 times stronger than hot-rolled steel. This property makes cold-rolled steel feasible to use in sectors such as construction, automotive, mining, and marine engineering. It’s smoother and has fewer surface imperfections than hot-rolled steel.

The primary, as well as secondary research methodology, is used for keen observation and study of the copper electroplating for the semiconductor market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, and current and future trends done by the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess experience of around 10-20 years in the industry. On the other hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affect businesses causing unanticipated short and long-term effects. Consequently, epidemics and pandemics are problems for individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services. However, reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study:

  • The major players include Nippon Steel Corp., JFE Steel Corporation, thyssenkrupp Steel Europe, POSCO, voestalpine AG (voestalpine Stahl GmbH) among others.

  • Infrastructural developments support the market for cold-rolled steel. Rising demand from the automotive sector is driving the market as the production of automobile structures employs cold rolled coil. Rising construction applications of cold rolled steel such as curtain walls are also supporting the market. The innovation of advanced and low-cost materials instead of copper for plating is expected to restrain the growth of the market.

  • The market is expected to grow in developing countries such as India, China, Japan, and countries in South East Asia. This is attributed to the increasing pace of industrialization and rising investments in these countries.

  • Based on type, the global 0.2mm to 0.3mm thickness cold rolled steel market is segmented into car body steel, electrical steel, ultra-low carbon steel, and others.

  • The car body steel is expected to expand at a CAGR of 3.1% by the end of 2030, owing to rising government regulations to reduce carbon dioxide emissions by weight reduction and improving car body strength. Cold-rolled steel sheets offer excellent formability, reduce vehicle weight, and offer high strength. Growing awareness towards environmental protection led to high demand for cold rolled steel for automotive applications.

  • Ultra-low carbon (ULC) steels have been used for automobile panels since the latter half of the 1980s. It is usually produced by cold rolling and annealing after hot rolling.

Report Scope:

Report Metric


Market Value in 2021

USD 6,611.8 Million

Market Growth Rate (from 2022 to 2030)


Historical Data

2015 & 2020

Base Year


Forecast Period

2022 – 2030

Units Considered

Value (USD Million)

Market Segments

By Type (Car Body Steel, Electrical Steel, Ultra-Low Carbon Steel, Others), By Distribution (Distributor, Direct Sales), By End User (Automotive, Energy, Others)

Key Companies Profiled

POSCO, JFE Steel Corporation, thyssenkrupp Steel, Europe voestalpine AG (voestalpine Stahl GmbH, National Steel and Agro Industries Limited (NSAIL), TAKASAGO TEKKO K.K, JMT Steel, Nippon Steel Corp., Wanzhi Steel Materials Co., Ltd., HBIS GROUP, C.D. Wälzholz GmbH & Co. KG and others

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.


Target Audience:

  • Supply-side: Raw material suppliers and Manufactures

  • Demand Side: Automobile manufacturing industries, construction sector

  • Regulatory Side: Concerned government authorities, and other regulatory bodies.