Laminated Steel Market Set to Reach USD 2.15 Billion by 2030 Amid Rising Demand for High-Performance Materials

The global laminated steel market is projected to reach USD 1.64 billion by 2024, with expectations to grow at a CAGR of 4.6% from 2025 to 2030. This growth is fueled by laminated steel’s superior strength, corrosion resistance, and acoustic insulation capabilities, making it a preferred material for manufacturers seeking enhanced durability and energy efficiency. As industries increasingly prioritize sustainable operations and cost-effective performance, the role of laminated steel in delivering long-term value has gained prominence.

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Product Insights: Carbon Steel Holds the Lion’s Share

In 2024, carbon steel accounted for approximately 37% of the laminated steel market, maintaining its dominance due to its versatility, strength, and cost-effectiveness. Extensively used in construction, automotive, and heavy industries, carbon steel supports infrastructure projects and the growing renewable energy sector. Its adaptability to different conditions reinforces its value across applications.

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End-Use Trends: Automotive and Transportation Take the Lead

The automotive and transportation sector contributed to over 39% of the market share in 2024. This segment is fueled by rising demand for efficient mobility and the accelerating shift to electric vehicles. Major manufacturers are heavily investing in laminated steel for its lightweight, durable, and noise-reducing properties. Logistics advancements and e-commerce growth are also increasing the material’s usage in supply chain vehicles and infrastructure.

Regional Insights

  • Asia-Pacific: Leading the market with a 75.3% revenue share, thanks to rapid industrialization in countries like China, India, Japan, and South Korea. Key players such as Nippon Steel and POSCO are heavily investing in advanced production facilities to meet domestic and global demand.

  • North America (U.S.): Driven by large-scale investments in infrastructure modernization under the Infrastructure Investment and Jobs Act, laminated steel is in high demand for urban development, bridges, and commercial construction.

  • Europe: Focused on sustainable infrastructure and transportation networks, the region is investing in advanced laminated steel solutions to meet strict environmental and efficiency standards.

  • Central & South America: Market growth is bolstered by advanced manufacturing technologies like automated rolling and precision lamination, enhancing product quality and cost-efficiency.

  • Middle East & Africa: Major infrastructure projects in the UAE, Saudi Arabia, and Qatar, particularly in oil & gas and construction, are pushing laminated steel demand. Its durability and resistance to harsh environmental conditions make it ideal for regional applications.

  • Automotive Sector Leading the Charge

    Laminated steel is becoming a crucial material in the electric vehicle (EV) industry, where reducing vehicle weight while maintaining structural integrity is key to improving energy efficiency. The material supports improved fuel economy, safety, and noise reduction—critical aspects as automotive OEMs face stricter emission standards and safety regulations. These trends are accelerating the shift toward laminated steel adoption across mobility applications.

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