Industry: Chemical & Material
Published Date: 2025-02-24
Pages: 118 Pages
Report ld: 4190906
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The global market for Silicon Steel was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
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.
North American market for Silicon Steel is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Silicon Steel is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Silicon Steel include POSCO, Tata Steel, Nippon Steel & Sumitomo Metal, ArcelorMittal, Shougang, Hyundai Steel, Ansteel Group, China Baowu Steel Group, JFE Steel Corporation, Benxi Steel Group, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
MARKET SEGMENTATION
REPORT SCOPE
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.
The Silicon Steel market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Silicon Steel market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Silicon Steel manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Silicon Steel manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Silicon Steel by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
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: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Silicon Steel Market Overview
1.1 Product Definition
1.2 Silicon Steel by Type
1.2.1 Global Silicon Steel Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Oriented Electrical Steel
1.2.3 Non-Grain Oriented Electrical Steel
1.3 Silicon Steel by Application
1.3.1 Global Silicon Steel Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Automotive
1.3.3 Construction
1.3.4 Home Appliance
1.3.5 Machinery
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Silicon Steel Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Silicon Steel Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Silicon Steel Production Estimates and Forecasts (2020-2031)
1.4.4 Global Silicon Steel Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Silicon Steel Production Market Share by Manufacturers (2020-2025)
2.2 Global Silicon Steel Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Silicon Steel, Industry Ranking, 2023 VS 2024
2.4 Global Silicon Steel Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Silicon Steel Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Silicon Steel, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Silicon Steel, Product Offered and Application
2.8 Global Key Manufacturers of Silicon Steel, Date of Enter into This Industry
2.9 Silicon Steel Market Competitive Situation and Trends
2.9.1 Silicon Steel Market Concentration Rate
2.9.2 Global 5 and 10 Largest Silicon Steel Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Silicon Steel Production by Region
3.1 Global Silicon Steel Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Silicon Steel Production Value by Region (2020-2031)
3.2.1 Global Silicon Steel Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Silicon Steel by Region (2026-2031)
3.3 Global Silicon Steel Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Silicon Steel Production Volume by Region (2020-2031)
3.4.1 Global Silicon Steel Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Silicon Steel by Region (2026-2031)
3.5 Global Silicon Steel Market Price Analysis by Region (2020-2025)
3.6 Global Silicon Steel Production and Value, Year-over-Year Growth
3.6.1 North America Silicon Steel Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Silicon Steel Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Silicon Steel Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Silicon Steel Production Value Estimates and Forecasts (2020-2031)
4 Silicon Steel Consumption by Region
4.1 Global Silicon Steel Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Silicon Steel Consumption by Region (2020-2031)
4.2.1 Global Silicon Steel Consumption by Region (2020-2025)
4.2.2 Global Silicon Steel Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Silicon Steel Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Silicon Steel Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Silicon Steel Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Silicon Steel Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Silicon Steel Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Silicon Steel Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Silicon Steel Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Silicon Steel Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Silicon Steel Production by Type (2020-2031)
5.1.1 Global Silicon Steel Production by Type (2020-2025)
5.1.2 Global Silicon Steel Production by Type (2026-2031)
5.1.3 Global Silicon Steel Production Market Share by Type (2020-2031)
5.2 Global Silicon Steel Production Value by Type (2020-2031)
5.2.1 Global Silicon Steel Production Value by Type (2020-2025)
5.2.2 Global Silicon Steel Production Value by Type (2026-2031)
5.2.3 Global Silicon Steel Production Value Market Share by Type (2020-2031)
5.3 Global Silicon Steel Price by Type (2020-2031)
6 Segment by Application
6.1 Global Silicon Steel Production by Application (2020-2031)
6.1.1 Global Silicon Steel Production by Application (2020-2025)
6.1.2 Global Silicon Steel Production by Application (2026-2031)
6.1.3 Global Silicon Steel Production Market Share by Application (2020-2031)
6.2 Global Silicon Steel Production Value by Application (2020-2031)
6.2.1 Global Silicon Steel Production Value by Application (2020-2025)
6.2.2 Global Silicon Steel Production Value by Application (2026-2031)
6.2.3 Global Silicon Steel Production Value Market Share by Application (2020-2031)
6.3 Global Silicon Steel Price by Application (2020-2031)
7 Key Companies Profiled
7.1 POSCO
7.1.1 POSCO Silicon Steel Company Information
7.1.2 POSCO Silicon Steel Product Portfolio
7.1.3 POSCO Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.1.4 POSCO Main Business and Markets Served
7.1.5 POSCO Recent Developments/Updates
7.2 Tata Steel
7.2.1 Tata Steel Silicon Steel Company Information
7.2.2 Tata Steel Silicon Steel Product Portfolio
7.2.3 Tata Steel Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Tata Steel Main Business and Markets Served
7.2.5 Tata Steel Recent Developments/Updates
7.3 Nippon Steel & Sumitomo Metal
7.3.1 Nippon Steel & Sumitomo Metal Silicon Steel Company Information
7.3.2 Nippon Steel & Sumitomo Metal Silicon Steel Product Portfolio
7.3.3 Nippon Steel & Sumitomo Metal Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Nippon Steel & Sumitomo Metal Main Business and Markets Served
7.3.5 Nippon Steel & Sumitomo Metal Recent Developments/Updates
7.4 ArcelorMittal
7.4.1 ArcelorMittal Silicon Steel Company Information
7.4.2 ArcelorMittal Silicon Steel Product Portfolio
7.4.3 ArcelorMittal Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.4.4 ArcelorMittal Main Business and Markets Served
7.4.5 ArcelorMittal Recent Developments/Updates
7.5 Shougang
7.5.1 Shougang Silicon Steel Company Information
7.5.2 Shougang Silicon Steel Product Portfolio
7.5.3 Shougang Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Shougang Main Business and Markets Served
7.5.5 Shougang Recent Developments/Updates
7.6 Hyundai Steel
7.6.1 Hyundai Steel Silicon Steel Company Information
7.6.2 Hyundai Steel Silicon Steel Product Portfolio
7.6.3 Hyundai Steel Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Hyundai Steel Main Business and Markets Served
7.6.5 Hyundai Steel Recent Developments/Updates
7.7 Ansteel Group
7.7.1 Ansteel Group Silicon Steel Company Information
7.7.2 Ansteel Group Silicon Steel Product Portfolio
7.7.3 Ansteel Group Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Ansteel Group Main Business and Markets Served
7.7.5 Ansteel Group Recent Developments/Updates
7.8 China Baowu Steel Group
7.8.1 China Baowu Steel Group Silicon Steel Company Information
7.8.2 China Baowu Steel Group Silicon Steel Product Portfolio
7.8.3 China Baowu Steel Group Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.8.4 China Baowu Steel Group Main Business and Markets Served
7.8.5 China Baowu Steel Group Recent Developments/Updates
7.9 JFE Steel Corporation
7.9.1 JFE Steel Corporation Silicon Steel Company Information
7.9.2 JFE Steel Corporation Silicon Steel Product Portfolio
7.9.3 JFE Steel Corporation Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.9.4 JFE Steel Corporation Main Business and Markets Served
7.9.5 JFE Steel Corporation Recent Developments/Updates
7.10 Benxi Steel Group
7.10.1 Benxi Steel Group Silicon Steel Company Information
7.10.2 Benxi Steel Group Silicon Steel Product Portfolio
7.10.3 Benxi Steel Group Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Benxi Steel Group Main Business and Markets Served
7.10.5 Benxi Steel Group Recent Developments/Updates
7.11 Hesteel Group
7.11.1 Hesteel Group Silicon Steel Company Information
7.11.2 Hesteel Group Silicon Steel Product Portfolio
7.11.3 Hesteel Group Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Hesteel Group Main Business and Markets Served
7.11.5 Hesteel Group Recent Developments/Updates
7.12 United States Steel Corporation
7.12.1 United States Steel Corporation Silicon Steel Company Information
7.12.2 United States Steel Corporation Silicon Steel Product Portfolio
7.12.3 United States Steel Corporation Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.12.4 United States Steel Corporation Main Business and Markets Served
7.12.5 United States Steel Corporation Recent Developments/Updates
7.13 Nucor Corporation
7.13.1 Nucor Corporation Silicon Steel Company Information
7.13.2 Nucor Corporation Silicon Steel Product Portfolio
7.13.3 Nucor Corporation Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Nucor Corporation Main Business and Markets Served
7.13.5 Nucor Corporation Recent Developments/Updates
7.14 China Steel Corporation
7.14.1 China Steel Corporation Silicon Steel Company Information
7.14.2 China Steel Corporation Silicon Steel Product Portfolio
7.14.3 China Steel Corporation Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.14.4 China Steel Corporation Main Business and Markets Served
7.14.5 China Steel Corporation Recent Developments/Updates
7.15 Shagang Group
7.15.1 Shagang Group Silicon Steel Company Information
7.15.2 Shagang Group Silicon Steel Product Portfolio
7.15.3 Shagang Group Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Shagang Group Main Business and Markets Served
7.15.5 Shagang Group Recent Developments/Updates
7.16 Steel Authority of India Limited
7.16.1 Steel Authority of India Limited Silicon Steel Company Information
7.16.2 Steel Authority of India Limited Silicon Steel Product Portfolio
7.16.3 Steel Authority of India Limited Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.16.4 Steel Authority of India Limited Main Business and Markets Served
7.16.5 Steel Authority of India Limited Recent Developments/Updates
7.17 NLMK Group
7.17.1 NLMK Group Silicon Steel Company Information
7.17.2 NLMK Group Silicon Steel Product Portfolio
7.17.3 NLMK Group Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.17.4 NLMK Group Main Business and Markets Served
7.17.5 NLMK Group Recent Developments/Updates
7.18 Maanshan Steel
7.18.1 Maanshan Steel Silicon Steel Company Information
7.18.2 Maanshan Steel Silicon Steel Product Portfolio
7.18.3 Maanshan Steel Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.18.4 Maanshan Steel Main Business and Markets Served
7.18.5 Maanshan Steel Recent Developments/Updates
7.19 ThyssenKrupp
7.19.1 ThyssenKrupp Silicon Steel Company Information
7.19.2 ThyssenKrupp Silicon Steel Product Portfolio
7.19.3 ThyssenKrupp Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.19.4 ThyssenKrupp Main Business and Markets Served
7.19.5 ThyssenKrupp Recent Developments/Updates
7.20 JSW Steel Ltd
7.20.1 JSW Steel Ltd Silicon Steel Company Information
7.20.2 JSW Steel Ltd Silicon Steel Product Portfolio
7.20.3 JSW Steel Ltd Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.20.4 JSW Steel Ltd Main Business and Markets Served
7.20.5 JSW Steel Ltd Recent Developments/Updates
7.21 Valin Steel Group
7.21.1 Valin Steel Group Silicon Steel Company Information
7.21.2 Valin Steel Group Silicon Steel Product Portfolio
7.21.3 Valin Steel Group Silicon Steel Production, Value, Price and Gross Margin (2020-2025)
7.21.4 Valin Steel Group Main Business and Markets Served
7.21.5 Valin Steel Group Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Silicon Steel Industry Chain Analysis
8.2 Silicon Steel Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Silicon Steel Production Mode & Process Analysis
8.4 Silicon Steel Sales and Marketing
8.4.1 Silicon Steel Sales Channels
8.4.2 Silicon Steel Distributors
8.5 Silicon Steel Customer Analysis
9 Silicon Steel Market Dynamics
9.1 Silicon Steel Industry Trends
9.2 Silicon Steel Market Drivers
9.3 Silicon Steel Market Challenges
9.4 Silicon Steel Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
REPORT SCOPE
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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