Report overview
Grain oriented electrical steels (GOES) are iron-silicon alloys that were developed to provide the low core loss and high permeability required for efficient and economical electrical transformers. GOES is the most energy efficient electrical steel and used in transformers where energy conservation is critical. High-purity active magnesium oxide is used to form insulating ?glass? layer of oriented grain on silicon steel (transformer steel) surface and give special electromagnetic properties to steel. This is achieved by coating steel surface with aqueous slurry of magnesium oxide which reacts with silicon on steel surface during high-temperature annealing until transparent layer of magnesium silicate. Magnesium oxide shall have a high degree of purity and contain very low level of elements such as chlorine, bromine, calcium, fluorine and sodium which can form an unacceptably high electrical conductivity of insulating layer. Magnesium oxide shall also have a very small particle size to obtain slurry which is stable and has desired characteristics of coating.
This report aims to provide a comprehensive presentation of the global market for Silicon Steel Grade Magnesium Oxide, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Silicon Steel Grade Magnesium Oxide. This report contains market size and forecasts of Silicon Steel Grade Magnesium Oxide in global, including the following market information:
Global Silicon Steel Grade Magnesium Oxide Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Silicon Steel Grade Magnesium Oxide Market Sales, 2018-2023, 2024-2029, (MT)
Global top five Silicon Steel Grade Magnesium Oxide companies in 2022 (%)
The global Silicon Steel Grade Magnesium Oxide market was valued at US$ 109 million in 2022 and is projected to reach US$ 135.6 million by 2029, at a CAGR of 3.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of Silicon Steel Grade Magnesium Oxide include Shanxi Yinsheng Technology, Tateho Chemical, ICL-IP, etc. The top three players hold a share about 37%. China is the largest producer, holds a share over 46%, followed by Japan, Europe and North America. Asia-Pacific is the largest market, has a share about 69%, followed by Europe and North America, with share 21% and 7%, separately.
We surveyed the Silicon Steel Grade Magnesium Oxide 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 Grade Magnesium Oxide Market, by Purity, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Silicon Steel Grade Magnesium Oxide Market Segment Percentages, by Purity, 2022 (%)
0.98
0.99
Global Silicon Steel Grade Magnesium Oxide Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Silicon Steel Grade Magnesium Oxide Market Segment Percentages, by Application, 2022 (%)
High Magnetic Strength Electrical Steel
Conventional Electrical Steel
Global Silicon Steel Grade Magnesium Oxide Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Silicon Steel Grade Magnesium Oxide Market Segment Percentages, By Region and Country, 2022 (%)
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 Grade Magnesium Oxide revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Silicon Steel Grade Magnesium Oxide revenues share in global market, 2022 (%)
Key companies Silicon Steel Grade Magnesium Oxide sales in global market, 2018-2023 (Estimated), (MT)
Key companies Silicon Steel Grade Magnesium Oxide sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Tateho Chemical
Shanxi Yinsheng Technology
ICL-IP
Shanghai SIIC Zhentai Chemical
Meishen Technology
JSC Kaustik
Martin Marietta Magnesia Specialties
Outline of Major Chapters:
Chapter 1: Introduces the definition of Silicon Steel Grade Magnesium Oxide, market overview.
Chapter 2: Global Silicon Steel Grade Magnesium Oxide market size in revenue and volume.
Chapter 3: Detailed analysis of Silicon Steel Grade Magnesium Oxide manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by purity, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Silicon Steel Grade Magnesium Oxide in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Silicon Steel Grade Magnesium Oxide capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
