Report overview
Silicon steel is a soft magnetic material that is used in electrical power transformers, motors and generators. It has a high silicon content of about 3.2 mass %, which increases the electrical resistivity of iron and, therefore, reduces eddy current losses.
This report contains market size and forecasts of Silicon Steel in global, including the following market information:
Global Silicon Steel Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Silicon Steel Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Silicon Steel companies in 2021 (%)
The global Silicon Steel market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Oriented Electrical Steel Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Silicon Steel include POSCO, Tata Steel, Nippon Steel & Sumitomo Metal, ArcelorMittal, Shougang, Hyundai Steel, Ansteel Group, China Baowu Steel Group and JFE Steel Corporation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Silicon Steel manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Silicon Steel Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Silicon Steel Market Segment Percentages, by Type, 2021 (%)
Oriented Electrical Steel
Non-Grain Oriented Electrical Steel
Global Silicon Steel Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Silicon Steel Market Segment Percentages, by Application, 2021 (%)
Automotive
Construction
Home Appliance
Machinery
Others
Global Silicon Steel Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Silicon Steel Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Silicon Steel revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Silicon Steel revenues share in global market, 2021 (%)
Key companies Silicon Steel sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Silicon Steel sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
POSCO
Tata Steel
Nippon Steel & Sumitomo Metal
ArcelorMittal
Shougang
Hyundai Steel
Ansteel Group
China Baowu Steel Group
JFE Steel Corporation
Benxi Steel Group
Hesteel Group
United States Steel Corporation
Nucor Corporation
China Steel Corporation
Shagang Group
Steel Authority of India Limited
NLMK Group
Maanshan Steel
ThyssenKrupp
JSW Steel Ltd
Valin Steel Group
