The metal coil Market is expected to reach $23.34 Billion during the forecast period at a 7.9% CAGR
Metal coils are finished metal product such as sheet or strip which has been wound or coiled after rolling. Metal coils are of different type which include steel, copper, brass, aluminium, and bronze coils etc. steel, copper and aluminium coils are widely used metal coils due its properties such as thermal & electrical conductivity, high strength, high degree of dimensional accuracy, flexibility etc. Metal coils are used across a wide range of industries, such as automotive, construction, container manufacturing, tools, machinery, food and beverage and electronics.
Steel coils are further classified into hot and cold- rolled types, or stainless steel coil, carbon coil and galvanized steel according to current products such as for the manufacture of pipes, steel doors, manufacture of machinery, tools and containers etc. Galvanized sheet is used in the automotive industry or in the production of roofing materials (e.g. flashing, guttering).
The demand for electric car is rising as it helps to reduce the emissions that contribute to climate change and smog, improving public health and reducing ecological damage. Metallic coils or magnetic coils are the main elements in electric motors. The operation of electric motor is composed of a magnetic coil or metallic coil that rotates by strong magnets that surround it.
Alloy aluminium coil is a very common material with many advantages. Alloy aluminium coil has good forming performance, corrosion resistance, weld ability and medium strength, used to make airplane oil tank, oil pipe, as well as the transportation vehicles, ships’ metal parts, instrument, lamps stent and rivet, metal products, electrical enclosure, etc. However, the rising price of metal can hamper the growth of metal coil market in coming years.
Copper coils is expected to account for significant revenue share in the global market
Copper coils are widely used in electric vehicles as a major component of electric motors, batteries, inverters, wiring and in charging stations. Electrification of transport modes is also developing quickly, especially for two-wheelers and buses which is anticipated to provide lucrative growth to copper coils. Renewable energy accelerates copper coils demand growth as copper coils are consumed intensely for conventional power generation. As such, the expansion of renewable energy globally should be another driver of copper coil demand going forward. Growing construction activities all around the world is expected to increase copper coil demand as it is one of the important building material.
Asia Pacific is anticipated to account for significant revenue share in the global market
Asia Pacific metal coil market is having a lucrative growth pertaining to the growing automotive production with the passenger vehicle segment exhibiting the highest growth rate. Production of passenger vehicles (PV), light commercial vehicles (LCV), and heavy trucks drive the growth of metal coil market. The production of light vehicles, in China, is also estimated to bolster metal coil market.
Key Market Players
- Nippon Steel and Sumitomo Metal
- JFE Steel Corporation
- Tata Steel
- Nucor Corporation
- Benxi Steel Group
- NLMK Group
- JSW Steel Ltd
- Maanshan Steel
- United States Steel Corporation
- Jianlong Group
- Valin Steel Group
- Steel Authority of RoW Limited
- China Steel Corporation
- Hyundai Steel
- Jingye Steel
- Anyang Group
Market Segments: Metal Coil Market
- By Types
- Steel coil
- Aluminium coil
- Copper coil
- Bronze coil
- By Application
- Electric Vehicles
- By End-User
- Packaging industry
- Electrical Industry
- By Region
- North America
- Asia Pacific
- The Middle East and Africa
- South Africa
- Central and South America
- North America
- Industry Associations
- Company Annual Reports
- Company Websites
- Key industry leaders
- Technology consultants
Key Questions Answered
- What are the key growth regions and countries?
- What are the important types and technologies being used?
- What are the market players doing, in terms of research and development?
- Which are the new applications for this market?
- What are the integrations happening?
- What is the recent news, developments, mergers, or large value deals?
- Where will the industry go in the long run?
- Component Providers
- Technology solution providers
- Regulatory Authorities
- Research and Innovation Organizations
- Suppliers and Distributors
- Other Channel Partners
- Quality Control Organizations