Key Factors Influencing CRNO Steel Lamination Market Growth

The Global Cold Rolled Non-Oriented Steel lamination Market was valued at US $ 28.6 Billion in 2022 and is expected to reach US $ 42.9 Billion by 2030 growing at a CAGR of 5.2% during the forecast period 2023 – 2030
The automotive industry is also a major consumer of CRNO steel lamination, leveraging its magnetic properties for various applications. From electric vehicle components to traditional internal combustion engines, CRNO steel plays a pivotal role in enhancing the efficiency of electrical systems. The automotive sector's growing emphasis on electric and hybrid vehicles is expected to further boost the demand for CRNO steel in the coming years.