Hot Rolled Coil Market Analysis: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Type, End-User Industries, Distribution Channel, Regional Demand, 2015-2035

Format: Online | Last Updated: Dec 2021

[Online Quarterly Update] Hot Rolled Coil Market has shown significant growth in the historic years and its demand is anticipated to reach 441.88 million tonnes until 2035 with a healthy CAGR of 4.91% in the next ten years until 2035. This is attributed to the rising consumption of HR Coil in downstream Construction, Automotive, and Machinery sectors.  Steel, being an alloy of iron with few amounts of carbon has high strength and is fracture resistant if compared to other alloys formed of iron. The carbon content present in steel ranges from 0.002% to 2.14% by weight. Changes in the concentration of carbon content in steel result in the alteration of properties of steel. 
 
Hot Rolled Coil are the Coil produced from liquid/crude steel. The process for the production of HR Coil is Melting and Reforming, also known as Hot-Rolling. HR Coil are made by uninterrupted rolling of steel at a high-temperature range, generally at 538 °C – 650 °C. The process is done by passing the metal sheet through rollers at high temperature, or above the recrystallization temperature of the metal. This hot rolled steel is also passed through a solution having a pH of less than 7. The metal sheets are passed through rollers several times to achieve the required thickness of the coil. Getting a desired hot-rolled product is difficult because steel starts shrinking as it gets cooled. After getting the product, pickling is done. Pickling is the process to remove the impurities and inorganic contaminants from Hot-Rolled Coil.
 
HR Coil are divided into three categories based on their thickness, viz. <3mm, 3mm-10mm and >10 mm. The demand for the coil of thickness 3mm-10mm is around 49% of the total market share as of 2021 and is expected to grow at a healthy pace. A tremendous increase in demand of HR Coil is supported by growing demand in construction and automotive sector. HR Coil having thickness more than 10mm holds around 28% of the total market share followed by HR Coil of thickness less than 3mm as of 2021. The demand of HR Coil of thickness more than 10mm is anticipated to show a decline during the forecast period because of the substitution of HR Coil of thickness 3mm-10mm. Some alteration in the composition of HR Coil of thickness 3mm-10mm results in desired strength along with an optimum weight of the material.
 
HR Coil are used in a wide range of applications including rebars, TMT, wires, sheets, rods, plates, etc. The main end-use industries of HR Coil are Construction, Automotive, Machinery, and other sectors. Growing demand for TMT, wire, rods, rebars in construction sector is expected to boost the HR Coil market in the forecasted years. 
 
The global HR Coil market grew at a steady pace during the historical years. However, there was a reduction in demand due to the coronavirus pandemic. In the year 2020, growth in the demand of HR Coil saw a decline as the automotive and construction sector suffered a setback due to restrictions imposed during that timeframe.    
 
Among different regions, Asia Pacific holds the largest share in the Hot Rolled Coil market followed by Middle East & Africa. The Asia Pacific region is likely to dominate the market for the forecast period supported by growing infrastructure, rising demand from automotive industry coupled with government favourable policies. China and India are the leading exporters of Steel and Steel products and being the leading economies in the Asia Pacific, these countries hold around 40%-45% of the total capacity of the Asia Pacific region.
 
The major players operating in the Hot Rolled Coil market include China Baowu Group, Arcelormittal Steel Limited, HBIS Groups, Shagang Group, POSCO, Ansteel Groups, Cleaveland Cliff Groups, TATA Steel Ltd., Nippon Steel Corp., Ternium Groups, Steel Authority of India Ltd., JSW Steel Ltd., US Steel Corp., and others. 
 
Years considered for this report:
 
Historical Period: 2015-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022–2035
 
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
 
Objective of the Study: 
 
• To assess the demand-supply scenario of Hot Rolled Coil which covers production, demand and supply of Hot Rolled Coil market globally.
• To analyse and forecast the market size of Hot Rolled Coil.
• To classify and forecast Hot Rolled Coil market based on type, end-use and regional distribution.
• To identify drivers and challenges for Hot Rolled Coil market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Hot Rolled Coil market.
• To identify and analyse the profile of leading players involved in the manufacturing of Hot Rolled Coil.
 
To extract data for Hot Rolled Coil market, primary research surveys were conducted with Hot Rolled Coil manufacturers, suppliers, distributors, wholesalers, and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Hot Rolled Coil market over the coming years. 
 
ChemAnalyst calculated Hot Rolled Coil demand globally by analyzing the historical data and demand forecast which was carried out considering imported Hot Rolled Coil, styrene prices, monomers used for production of Hot Rolled Coil. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience:
 
• Hot Rolled Coil manufacturers and other stakeholders
• Organizations, forums, and alliances related to Hot Rolled Coil distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Hot Rolled Coil manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
 
Report Scope:
 
In this report, Hot Rolled Coil market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Attribute
Details
Market size volume in 2035
441.88 million Tonnes
Growth Rate
CAGR of 4.91% from 2022 to 2035
Base year for estimation
2021
Historic Data
2015 – 2020
Forecast period
2022 – 2035
Quantitative units
Demand in tons and CAGR from 2021 to 2035
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered
1. Type (thickness: < 3mm, 3mm-10mm and > 10 mm)
2. End-Use (Construction, Automotive, Machinery and Others)
3. Sales Channel (Direct Company Sale, Direct Import, Distributors & Traders)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
China Baowu Group, Arcelormittal Steel Limited, HBIS Groups, Shagang Group, POSCO, Ansteel Groups, Cleaveland Cliff Groups, TATA Steel Ltd., Nippon Steel Corp., Ternium Groups, Steel Authority of India Ltd., JSW Steel Ltd., US Steel Corp., and others
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Available Customizations:
 
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs. 
 
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Frequently Asked Questions (FAQ):

What are the major end-use sectors of Hot Rolled Coil? 

Hot Rolled Coil are widely used in an array of applications in Construction, Automotive, Machinery and other sectors.

Which region demands the maximum share in the Hot Rolled Coil market as of 2020?

The Asian Pacific region holds the maximum share in the Hot Rolled Coil market owing to the developments and investments in the major end-user industries.

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