Laminated Steel Market Size & Trends
The global laminated steel market is anticipated to reach USD 1.64 billion by 2024, with a CAGR of 4.6% expected from 2025 to 2030. Laminated steel's remarkable strength, corrosion resistance, and ability to dampen noise have made it an increasingly sought-after material for manufacturers aiming to elevate product quality and lifespan. As industries focus on sustainability and operational efficiency, laminated steel's capacity to minimize energy consumption and enhance performance is driving its growing adoption.
As the automotive industry shifts towards sustainable mobility, laminated steel has emerged as a vital component in electric vehicle (EV) production. By incorporating this innovative material into their designs, manufacturers can significantly reduce vehicle weight while maintaining strength, thereby improving fuel efficiency and overall performance. Furthermore, government regulations emphasizing reduced emissions and enhanced safety standards have accelerated the adoption of advanced materials like laminated steel, driving market growth and paving the way for a more environmentally friendly future.
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As urbanization continues to reshape the global landscape, the demand for robust and sustainable building materials is on the rise. Laminated steel has emerged as a prominent player in this trend, offering a unique combination of durability, fire resistance, and aesthetic appeal that has captured the attention of builders worldwide. In structural applications, roofing, and cladding, laminated steel's exceptional performance makes it an attractive choice for residential and commercial construction projects alike. Its ability to withstand harsh environmental conditions and reduce maintenance costs further solidifies its position as a popular material. Moreover, the growing emphasis on green building practices has led to increased market adoption, driven by its recyclable nature and energy-efficient properties, which align perfectly with sustainability goals.
The evolution of lamination techniques has significantly elevated the material's capabilities and opened up new avenues for application. By incorporating enhanced bonding methods and advanced coatings, laminated steel has become more cost-effective and accessible, allowing it to be utilized across diverse sectors. Moreover, integrating automation and digital technologies into production processes has substantially improved efficiency and reduced waste, thereby fueling market expansion.
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Key Laminated Steel Companies:
The following are the leading companies in the laminated steel market. These companies collectively hold the largest market share and dictate industry trends.
- Alliance Steel
- ArcelorMittal
- China Ansteel Group Corporation Limited
- JFE Steel Corporation
- LIENCHY LAMINATED METAL CO., LTD.
- Nippon Steel Corporation
- POSCO
- Tata Steel
- thyssenkrupp AG
- United States Steel Corporation
Recent Developments
- In February 2025, ArcelorMittal is set to embark on an ambitious project, unveiling plans to build a state-of-the-art electrical steel manufacturing facility in Calvert, Alabama. As the company's wholly owned venture, this cutting-edge plant will yield approximately 150,000 metric tons of high-quality non-oriented electrical steel (NOES) each year, poised to serve a diverse range of sectors including automotive and mobility, renewable energy production, and various commercial and industrial applications.
Frequently Asked Questions About This Report
1How big is the laminated steel market?
The global laminated steel market size was estimated at USD 1.64 billion in 2024 and is expected to reach USD 1.72 billion in 2025.
2What is the laminated steel market growth?
The global laminated steel market is expected to grow at a compound annual growth rate of 4.6% from 2025 to 2030 to reach USD 2.15 billion by 2030.3
3Which segment accounted for the largest laminated steel market share?
The carbon steel segment dominated the market with a revenue share of 37.0% in 2024.
4Who are the key players in laminated steel market?
Some of the key vendors of the global laminated steel market are Alliance Steel; ArcelorMittal; China Ansteel Group Corporation Limited; JFE Steel Corporation; LIENCHY LAMINATED METAL CO., LTD.; Nippon Steel Corporation; POSCO; Tata Steel; thyssenkrupp AG; United States Steel Corporation; among others.
5What are the factors driving the laminated steel market?
The key factor that is driving the growth of the global laminated steel market is the growing demand for durable and lightweight materials in various industries, including automotive, construction, and electronics.
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