Laminated Steel Market Dynamics 2021-2031
The Laminated Steel Market is expected to register a CAGR of 5% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The report is segmented by type (fusion method laminated steel and bonding agent laminated steel). The report further presents analysis based on end-use industry (building and construction, electrical and electronics, automotive, consumer goods and others).The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Laminated Steel Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Laminated Steel Market Segmentation
Type- Fusion Method Laminated Steel and Bonding Agent Laminated Steel
- Building and Construction
- Electrical and Electronics
- Automotive
- Consumer Goods and Others
Strategic Insights
Laminated Steel Market Growth Drivers- Rising Demand for Laminated Steel in the Automotive Industry: The automotive sector is at the forefront of supporting laminated steel demand. Laminate steel is gaining traction as an alternative material thanks to its outstanding weight-to-strength ratio and mechanical characteristics due to the ever-increasing demand for fuel-efficient cars and environmental considerations. Laminated steel is incorporated in many parts of a vehicle like body panels, frames, and other structural elements where it is necessary to achieve low mass while maintaining structural integrity. Moreover, the boom in the electric vehicles (EVs) market is also increasing the laminated steel demand, as there is a need for materials that can meet the design and structural demands of EVs.
- Laminated Steel's Key Role in the Growing Construction Sector: The construction industry plays a major role in the growth of laminated steel demand. High demand for quality materials is due to a growing global investment in infrastructure, urban and rural development, and building houses. Laminated steel is preferred as a construction material due to its high strength, durability, and ability to withstand different environmental conditions. It can be used in many structures, including images of laminated steel products, beams, columns, roofing, since many countries are investing in infrastructure programs.
- The Electrical Sector's Shift Toward Laminated Steel for Efficiency: The electrical sector is also increasingly turning towards laminated steel used in manufacturing transformers and electric motors. Because laminated steel thwarts eddy current losses in electrical appliances, it enhances the efficiency of the appliances. With the increasing need for energy-efficient and environment-friendly electrical equipment and devices, the utility of laminated steel within the industry increases. This is particularly the case in the present scene where the world strives to minimize carbon emissions and increase energy use efficiency.
- Advancements in Coating Technology Boost Laminated Steel Durability and Sustainability: The coating technology has come a long way regarding laminated steel performance and life span. Laminated steel products are also made with more advanced coatings to prevent corrosion, enhance their beauty, and increase their life span. Novel materials, such as coatings based on nanotechnology or water-based coatings, are on the rise, making laminated steel applicable in rigid sectors without being harmful to the environment.
- The Rise of High-Strength Laminated Steel Transforming Key Industries: The shift to laminated steel of higher strength is changing the landscape of the very market. Stepping in the shoes of industries producing more robust and lighter materials, manufacturers are working on laminated steel with better mechanical properties. This also implies using novel alloy variations and technology that produces special high-strength laminated steel aimed at specific markets, such as automotive or aerospace. These advancements allow component manufacturing for such parameters with low-weight fabrication.
- The Impact of IoT and AI on the Future of Laminated Steel Production: Automated processes enhanced by IoT and AI, is impacting how laminated steel is produced. It makes it possible to control and adjust the processes in terms of production in real-time, which promotes more efficiency, less wastage, and higher quality products. The data analytics and automation enable manufacturers to enhance laminated steel production according to the preferences of the ever-changing end-use industries.
- Expansion Opportunities for Laminated Steel Manufacturers in Emerging Markets: There is a potential opportunity for laminated steel manufacturers to venture into newer markets, especially in Asia-Pacific, Latin America, and Africa. These regions are characterized by quick industrialization, urbanization, and infrastructural development, leading to a high demand for quality steel products. These companies can set up local production plants and partner with existing local distributors to penetrate the growing markets, driving the demand for laminated steel.
- Sustainability as a Key Growth Opportunity for Laminated Steel Manufacturers: Sustainability has great potential for laminated steel manufacturers. There is scope for companies to carry out R&D so that eco-friendly laminated steel products, which incorporate recycled elements and less energy during manufacture, are developed. This will enable the manufacturers to reach out to the green market and regulatory requirements, thereby improving their position in the market.
- Strategic Industry Partnerships: Laminated steel manufacturers have an excellent market chance by developing connectivity with other industries, such as the automotive, construction and electric sectors. Working with other companies that dominate the market makes it possible for companies to create solutions for defined applications and markets. Such relationships will enhance knowledge transfer, further product development and market access, all of which contribute to increased sales and market share.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Laminated Steel Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Laminated Steel Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Laminated Steel Market is estimated to witness a CAGR of 5% from 2023 to 2031
Growing building and contruction industry is driving the market growth
Toyo Kohan Co., Ltd; NIPPON Steel Corporation; TCC Steel; Thyssenkrupp Steel; JFE Steel Corporation are some of the key players operating in the laminated steel market
Based on end-use industry, automotive segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the significant share of the laminated steel market due to growth in the construction and automotive industry
Innovations in the coating technology is expected to be the key market trends
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Laminated Steel Market - By Type
1.3.2 Laminated Steel Market - By Application
1.3.3 Laminated Steel Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LAMINATED STEEL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. LAMINATED STEEL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LAMINATED STEEL MARKET - GLOBAL MARKET ANALYSIS
6.1. LAMINATED STEEL - GLOBAL MARKET OVERVIEW
6.2. LAMINATED STEEL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. LAMINATED STEEL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. FUSION METHOD LAMINATED STEEL
7.3.1. Overview
7.3.2. Fusion Method Laminated Steel Market Forecast and Analysis
7.4. BONDING AGENT LAMINATED STEEL
7.4.1. Overview
7.4.2. Bonding Agent Laminated Steel Market Forecast and Analysis
8. LAMINATED STEEL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD AND BEVERAGE
8.3.1. Overview
8.3.2. Food and beverage Market Forecast and Analysis
8.4. CHEMICAL INDUSTRY
8.4.1. Overview
8.4.2. Chemical Industry Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. LAMINATED STEEL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Laminated Steel Market Overview
9.1.2 North America Laminated Steel Market Forecasts and Analysis
9.1.3 North America Laminated Steel Market Forecasts and Analysis - By Type
9.1.4 North America Laminated Steel Market Forecasts and Analysis - By Application
9.1.5 North America Laminated Steel Market Forecasts and Analysis - By Countries
9.1.5.1 United States Laminated Steel Market
9.1.5.1.1 United States Laminated Steel Market by Type
9.1.5.1.2 United States Laminated Steel Market by Application
9.1.5.2 Canada Laminated Steel Market
9.1.5.2.1 Canada Laminated Steel Market by Type
9.1.5.2.2 Canada Laminated Steel Market by Application
9.1.5.3 Mexico Laminated Steel Market
9.1.5.3.1 Mexico Laminated Steel Market by Type
9.1.5.3.2 Mexico Laminated Steel Market by Application
9.2. EUROPE
9.2.1 Europe Laminated Steel Market Overview
9.2.2 Europe Laminated Steel Market Forecasts and Analysis
9.2.3 Europe Laminated Steel Market Forecasts and Analysis - By Type
9.2.4 Europe Laminated Steel Market Forecasts and Analysis - By Application
9.2.5 Europe Laminated Steel Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Laminated Steel Market
9.2.5.1.1 Germany Laminated Steel Market by Type
9.2.5.1.2 Germany Laminated Steel Market by Application
9.2.5.2 France Laminated Steel Market
9.2.5.2.1 France Laminated Steel Market by Type
9.2.5.2.2 France Laminated Steel Market by Application
9.2.5.3 Italy Laminated Steel Market
9.2.5.3.1 Italy Laminated Steel Market by Type
9.2.5.3.2 Italy Laminated Steel Market by Application
9.2.5.4 United Kingdom Laminated Steel Market
9.2.5.4.1 United Kingdom Laminated Steel Market by Type
9.2.5.4.2 United Kingdom Laminated Steel Market by Application
9.2.5.5 Russia Laminated Steel Market
9.2.5.5.1 Russia Laminated Steel Market by Type
9.2.5.5.2 Russia Laminated Steel Market by Application
9.2.5.6 Rest of Europe Laminated Steel Market
9.2.5.6.1 Rest of Europe Laminated Steel Market by Type
9.2.5.6.2 Rest of Europe Laminated Steel Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Laminated Steel Market Overview
9.3.2 Asia-Pacific Laminated Steel Market Forecasts and Analysis
9.3.3 Asia-Pacific Laminated Steel Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Laminated Steel Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Laminated Steel Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Laminated Steel Market
9.3.5.1.1 Australia Laminated Steel Market by Type
9.3.5.1.2 Australia Laminated Steel Market by Application
9.3.5.2 China Laminated Steel Market
9.3.5.2.1 China Laminated Steel Market by Type
9.3.5.2.2 China Laminated Steel Market by Application
9.3.5.3 India Laminated Steel Market
9.3.5.3.1 India Laminated Steel Market by Type
9.3.5.3.2 India Laminated Steel Market by Application
9.3.5.4 Japan Laminated Steel Market
9.3.5.4.1 Japan Laminated Steel Market by Type
9.3.5.4.2 Japan Laminated Steel Market by Application
9.3.5.5 South Korea Laminated Steel Market
9.3.5.5.1 South Korea Laminated Steel Market by Type
9.3.5.5.2 South Korea Laminated Steel Market by Application
9.3.5.6 Rest of Asia-Pacific Laminated Steel Market
9.3.5.6.1 Rest of Asia-Pacific Laminated Steel Market by Type
9.3.5.6.2 Rest of Asia-Pacific Laminated Steel Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Laminated Steel Market Overview
9.4.2 Middle East and Africa Laminated Steel Market Forecasts and Analysis
9.4.3 Middle East and Africa Laminated Steel Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Laminated Steel Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Laminated Steel Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Laminated Steel Market
9.4.5.1.1 South Africa Laminated Steel Market by Type
9.4.5.1.2 South Africa Laminated Steel Market by Application
9.4.5.2 Saudi Arabia Laminated Steel Market
9.4.5.2.1 Saudi Arabia Laminated Steel Market by Type
9.4.5.2.2 Saudi Arabia Laminated Steel Market by Application
9.4.5.3 U.A.E Laminated Steel Market
9.4.5.3.1 U.A.E Laminated Steel Market by Type
9.4.5.3.2 U.A.E Laminated Steel Market by Application
9.4.5.4 Rest of Middle East and Africa Laminated Steel Market
9.4.5.4.1 Rest of Middle East and Africa Laminated Steel Market by Type
9.4.5.4.2 Rest of Middle East and Africa Laminated Steel Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Laminated Steel Market Overview
9.5.2 South and Central America Laminated Steel Market Forecasts and Analysis
9.5.3 South and Central America Laminated Steel Market Forecasts and Analysis - By Type
9.5.4 South and Central America Laminated Steel Market Forecasts and Analysis - By Application
9.5.5 South and Central America Laminated Steel Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Laminated Steel Market
9.5.5.1.1 Brazil Laminated Steel Market by Type
9.5.5.1.2 Brazil Laminated Steel Market by Application
9.5.5.2 Argentina Laminated Steel Market
9.5.5.2.1 Argentina Laminated Steel Market by Type
9.5.5.2.2 Argentina Laminated Steel Market by Application
9.5.5.3 Rest of South and Central America Laminated Steel Market
9.5.5.3.1 Rest of South and Central America Laminated Steel Market by Type
9.5.5.3.2 Rest of South and Central America Laminated Steel Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LAMINATED STEEL MARKET, KEY COMPANY PROFILES
11.1. TOYO KOHAN CO., LTD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. NIPPON STEEL CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. TATA STEEL
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. TCC STEEL
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. THYSSENKRUPP STEEL
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LIENCHY LAMINATED METAL CO., LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. JFE STEEL CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. METALCOLOUR A/S
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. LAMINATION SPECIALTIES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TEMPEL
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Toyo Kohan Co., Ltd
2.NIPPON STEEL CORPORATION
3.Tata Steel
4.TCC STEEL
5.thyssenkrupp Steel
6.LIENCHY LAMINATED METAL CO., LTD
7.JFE Steel Corporation
8.Metalcolour A/S
9.Lamination Specialties
10.Tempel
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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