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 aims to provide a comprehensive presentation of the global market for Silicon Steel, 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. This report contains market size and forecasts of Silicon Steel in global, including the following market information:
Global Silicon Steel Market Revenue, 2018-2023, 2024-2030, ($ millions)
Global Silicon Steel Market Sales, 2018-2023, 2024-2030, (K MT)
Global top five Silicon Steel companies in 2022 (%)
The global Silicon Steel market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Oriented Electrical Steel Segment to Reach $ Million by 2029, 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 2022, 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, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Silicon Steel Market Segment Percentages, by Type, 2022 (%)
Oriented Electrical Steel
Non-Grain Oriented Electrical Steel
Global Silicon Steel Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Silicon Steel Market Segment Percentages, by Application, 2022 (%)
Automotive
Construction
Home Appliance
Machinery
Others
Global Silicon Steel Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K MT)
Global Silicon Steel 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 revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Silicon Steel revenues share in global market, 2022 (%)
Key companies Silicon Steel sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Silicon Steel sales share in global market, 2022 (%)
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Silicon Steel, market overview.
Chapter 2: Global Silicon Steel market size in revenue and volume.
Chapter 3: Detailed analysis of Silicon Steel 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 type, 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 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 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.
