Laminated Steel Market Size, Share & Trend Analysis Report By Product (Carbon Steel, Low-Alloy Steel), By End Use (Automotive & Transportation, Construction & Buildings), By Region, And Segment Forecasts, 2025 - 2030

Laminated Steel Market Size & Trends

The global laminated steel market size was estimated at USD 1.64 billion in 2024 and is projected to grow at a CAGR of 4.6% from 2025 to 2030. Laminated steel, known for its excellent strength, corrosion resistance, and noise-dampening properties, has become a preferred choice for manufacturers seeking to enhance product quality and longevity. As industries prioritize sustainability and efficiency, laminated steel's ability to reduce energy consumption and improve performance has further fueled its adoption.

With the rise of electric vehicles (EVs) and the need for lightweight yet strong materials, laminated steel has become a critical component in vehicle manufacturing. Its use in electric motor cores, chassis, and body panels helps reduce vehicle weight, improve fuel efficiency, and enhance overall performance. In addition, stringent government regulations regarding vehicle emissions and safety standards have pushed automakers to adopt advanced materials, further boosting market growth.

The construction industry has also played a significant role in driving the demand for laminated steel. As urbanization accelerates globally, there is a growing need for robust and sustainable building materials. Laminated steel is widely used in structural applications, roofing, and cladding due to its durability, fire resistance, and aesthetic appeal. The material's ability to withstand harsh environmental conditions and reduce maintenance costs has made it a popular choice for residential and commercial construction projects. Furthermore, the increasing focus on green building practices has led to greater market adoption, as it aligns with sustainability goals by being recyclable and energy efficient.

Innovations in lamination techniques, such as improved bonding methods and the development of advanced coatings, have enhanced the material's properties and expanded its applications. These advancements have made laminated steel more cost-effective and accessible, enabling its use in various industries. In addition, integrating automation and digital technologies in production processes has improved efficiency and reduced waste, further driving market growth.

Drivers, Opportunities & Restraints

Laminated steel offers excellent durability, resistance to wear, and improved fatigue properties, which make it ideal for structural components in these sectors. In addition, the increasing emphasis on energy efficiency and using materials that can withstand high temperatures in industries like oil & gas and power generation further fuels the demand for laminated steel. As industries prioritize safety and longevity, laminated steel’s ability to meet these needs makes it a valuable material.

With ongoing research into improving manufacturing processes, such as cold rolling and heat treatment, laminated steel can be produced more cost-effectively without compromising performance. The growing trend towards sustainable construction and green technologies provides a significant opportunity. Laminated steel is being explored in environmentally friendly solutions, including renewable energy infrastructure like wind turbine blades and solar panel supports, which could expand its market potential.

The high cost of production is a significant challenge, as manufacturing laminated steel often requires advanced technology and processes, which can increase overall production costs. In addition, fluctuations in raw material prices, such as steel and other alloys, can lead to price volatility in the market. This unpredictability can make it difficult for manufacturers to maintain consistent pricing and profitability.

Product Insights

“Carbon steel held the largest market revenue share of over 37.0% in 2024.”

Carbon steel's strength, versatility, and relatively low cost make it ideal for construction, automotive, and heavy machinery applications. The rapid industrialization and urbanization in emerging economies are boosting the demand for structural steel products, where carbon steel is widely used due to its high tensile strength and ability to withstand heavy loads.

Electrical steel is anticipated to grow significantly over the forecast period. Electrical steel, which is specifically designed to enhance the performance of electrical machines, is crucial for manufacturing transformers, motors, and generators. The global push for cleaner energy and the expansion of renewable energy sources has significantly increased the need for high-performance electrical machines.

End Use Insights

“Automotive & transportation segment held the revenue share of over 39% in 2024.”

As the automotive industry continues to focus on fuel efficiency and reducing carbon emissions, the need for lighter materials is becoming more pronounced. In addition, the rise of EVs and advancements in automotive manufacturing techniques further accelerate the demand for high-performance laminated steel to enhance the strength and safety of electric and hybrid vehicles.

Electrical & electronics is anticipated to register the fastest CAGR over the forecast period. Laminated steel is integral to the efficient operation of inverters, transformers, and other equipment that convert and store renewable energy, such as solar and wind power. As governments and industries push for greener energy solutions and sustainability, the demand for materials that can enhance the performance of energy systems will continue to grow.

Regional Insights

“Asia Pacific held 75.3% revenue share of the global laminated steel market.”

The North America laminated steel industry is home to a well-established automotive manufacturing sector, with major U.S., Canadian, and Mexican companies producing millions of vehicles yearly. As the demand for lightweight vehicles increases, especially with the rise of EVs, laminated steel plays a critical role in ensuring that vehicles meet performance, safety, and fuel efficiency standards.

U.S. Laminated Steel Market Trends

The U.S. laminated steel industry is driven by the construction and infrastructure sectors that are also key contributors to the growth and with continued investments in infrastructure modernization, the demand for high-performance materials has increased. The U.S. government’s commitment to infrastructure renewal, including projects funded by initiatives like the Infrastructure Investment and Jobs Act, further drives demand for laminated steel, especially in large-scale public works and urban development.

Asia Pacific Laminated Steel Market Trends

The Asia Pacific laminated steel industry is anticipated to grow at a healthy CAGR over the forecast period. Countries such as India, China, and others have invested heavily in large-scale infrastructure projects, including transportation networks, bridges, and high-rise buildings. With continued government initiatives to improve infrastructure in APAC, the demand for laminated steel for construction, bridges, and urban infrastructure is expected to remain strong.

Europe Laminated Steel Market Trends

Europe laminated steel industry held a significant market share in 2024. Europe’s focus on modernizing and improving infrastructure, including transportation systems, bridges, and buildings, has created a steady demand for materials with high strength, durability, and resistance to harsh environmental conditions.

Central & South America Laminated Steel Market Trends

The laminated steel industry in Central & South America is anticipated to grow significantly over the forecast period owing to increasingly adopting advanced manufacturing processes, such as continuous casting, precision lamination, and automated rolling mills, which enhance the quality and cost-effectiveness of laminated steel products. These innovations help produce laminated steel that meets the specific demands of diverse industries such as automotive, construction, and energy. As steel production techniques continue to improve, manufacturers in Central & South America are better positioned to offer high-performance laminated steel products that cater to the region’s growing industrial needs.

Middle East & Africa Laminated Steel Market

The laminated steel industry in the Middle East & Africa is anticipated to grow significantly over the forecast period. Countries in the MEA region, particularly in the GCC countries such as the UAE, Saudi Arabia, and Qatar, invest heavily in large-scale infrastructure projects, including high-rise buildings, bridges, and airports. Furthermore, the region has long been a key player in the oil & gas industry, and the demand for durable, high-strength materials for pipelines, refineries, and power plants has been a major driver of laminated steel consumption.

Key Laminated Steel Company Insights

Some of the key players operating in the market include Nippon Steel Corporation, ArcelorMittal, and others.

• Nippon Steel Corporation is one of the world’s leading steel producers and is known for its innovative technologies and high-quality products. It offers advanced laminated steel solutions designed to meet the evolving needs of industries such as automotive, construction, aerospace, and electronics. These products are characterized by superior strength, lightweight properties, and corrosion resistance, making them ideal for durability and efficiency applications.

• ArcelorMittal is one of the world’s leading steel and mining companies. It focuses on high-quality steel production while implementing advanced technologies to enhance efficiency and reduce environmental impact. The company offers a diverse range of laminated steel products that cater to various industrial applications, particularly in the electrical and automotive sectors. Their non-oriented electrical steel (NOES) is designed for power generation and automotive electrification, providing high magnetic performance and sustainability.

Recent Developments

• In February 2025, ArcelorMittal announced its plans to construct a new, world-class electrical steel manufacturing facility in Calvert, Alabama. This wholly owned facility will produce up to 150,000 metric tons of non-oriented electrical steel (NOES) annually, catering to the automotive and mobility industries, renewable energy production, and other commercial and industrial applications. 

Laminated Steel Market Report Scope

Global Laminated Steel Market Report Segmentation

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global laminated steel market report based on product, end use, and region.

• Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Carbon Steel

  • Low-Alloy Steel

  • Electrical Steel

  • Others

• End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Automotive & Transportation

  • Construction & Buildings

  • Electrical & Electronics

  • Food & Beverage

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • Russia

    • France

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

    • Indonesia

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia