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Global Silicon Steel Market Research Report 2025
Synopsis
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.
The global Silicon Steel market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Silicon Steel is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Silicon Steel is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
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 and JFE Steel Corporation, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
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.
Report Scope
The Silicon Steel market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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.
Market Segmentation
By Company
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
Segment by Type
Oriented Electrical Steel
Non-Grain Oriented Electrical Steel
Segment by Application
Automotive
Construction
Home Appliance
Machinery
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
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.
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.
The global Silicon Steel market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Silicon Steel is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Silicon Steel is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
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 and JFE Steel Corporation, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
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.
Report Scope
The Silicon Steel market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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.
Market Segmentation
By Company
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
Segment by Type
Oriented Electrical Steel
Non-Grain Oriented Electrical Steel
Segment by Application
Automotive
Construction
Home Appliance
Machinery
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
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.
Index1 Silicon Steel Market Overview
1.1 Product Definition
1.2 Silicon Steel Segment by Type
1.2.1 Global Silicon Steel Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Oriented Electrical Steel
1.2.3 Non-Grain Oriented Electrical Steel
1.3 Silicon Steel Segment by Application
1.3.1 Global Silicon Steel Market Value Growth Rate Analysis by Application: 2023 VS 2030
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 (2019-2030)
1.4.2 Global Silicon Steel Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Silicon Steel Production Estimates and Forecasts (2019-2030)
1.4.4 Global Silicon Steel Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Silicon Steel Production Market Share by Manufacturers (2019-2024)
2.2 Global Silicon Steel Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Silicon Steel, Industry Ranking, 2022 VS 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 (2019-2024)
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: 2019 VS 2023 VS 2030
3.2 Global Silicon Steel Production Value by Region (2019-2030)
3.2.1 Global Silicon Steel Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Silicon Steel by Region (2025-2030)
3.3 Global Silicon Steel Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Silicon Steel Production by Region (2019-2030)
3.4.1 Global Silicon Steel Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Silicon Steel by Region (2025-2030)
3.5 Global Silicon Steel Market Price Analysis by Region (2019-2024)
3.6 Global Silicon Steel Production and Value, Year-over-Year Growth
3.6.1 North America Silicon Steel Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Silicon Steel Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Silicon Steel Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Silicon Steel Production Value Estimates and Forecasts (2019-2030)
4 Silicon Steel Consumption by Region
4.1 Global Silicon Steel Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Silicon Steel Consumption by Region (2019-2030)
4.2.1 Global Silicon Steel Consumption by Region (2019-2024)
4.2.2 Global Silicon Steel Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Silicon Steel Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Silicon Steel Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Silicon Steel Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Silicon Steel Consumption by Country (2019-2030)
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: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Silicon Steel Consumption by Region (2019-2030)
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: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Silicon Steel Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Silicon Steel Production by Type (2019-2030)
5.1.1 Global Silicon Steel Production by Type (2019-2024)
5.1.2 Global Silicon Steel Production by Type (2025-2030)
5.1.3 Global Silicon Steel Production Market Share by Type (2019-2030)
5.2 Global Silicon Steel Production Value by Type (2019-2030)
5.2.1 Global Silicon Steel Production Value by Type (2019-2024)
5.2.2 Global Silicon Steel Production Value by Type (2025-2030)
5.2.3 Global Silicon Steel Production Value Market Share by Type (2019-2030)
5.3 Global Silicon Steel Price by Type (2019-2030)
6 Segment by Application
6.1 Global Silicon Steel Production by Application (2019-2030)
6.1.1 Global Silicon Steel Production by Application (2019-2024)
6.1.2 Global Silicon Steel Production by Application (2025-2030)
6.1.3 Global Silicon Steel Production Market Share by Application (2019-2030)
6.2 Global Silicon Steel Production Value by Application (2019-2030)
6.2.1 Global Silicon Steel Production Value by Application (2019-2024)
6.2.2 Global Silicon Steel Production Value by Application (2025-2030)
6.2.3 Global Silicon Steel Production Value Market Share by Application (2019-2030)
6.3 Global Silicon Steel Price by Application (2019-2030)
7 Key Companies Profiled
7.1 POSCO
7.1.1 POSCO Silicon Steel Corporation Information
7.1.2 POSCO Silicon Steel Product Portfolio
7.1.3 POSCO Silicon Steel Production, Value, Price and Gross Margin (2019-2024)
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 Corporation Information
7.2.2 Tata Steel Silicon Steel Product Portfolio
7.2.3 Tata Steel Silicon Steel Production, Value, Price and Gross Margin (2019-2024)
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 Corporation 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 (2019-2024)
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 Corporation Information
7.4.2 ArcelorMittal Silicon Steel Product Portfolio
7.4.3 ArcelorMittal Silicon Steel Production, Value, Price and Gross Margin (2019-2024)
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 Corporation Information
7.5.2 Shougang Silicon Steel Product Portfolio
7.5.3 Shougang Silicon Steel Production, Value, Price and Gross Margin (2019-2024)
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 Corporation Information
7.6.2 Hyundai Steel Silicon Steel Product Portfolio
7.6.3 Hyundai Steel Silicon Steel Production, Value, Price and Gross Margin (2019-2024)
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 Corporation Information
7.7.2 Ansteel Group Silicon Steel Product Portfolio
7.7.3 Ansteel Group Silicon Steel Production, Value, Price and Gross Margin (2019-2024)
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 Corporation 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 (2019-2024)
7.8.4 China Baowu Steel Group Main Business and Markets Served
7.7.5 China Baowu Steel Group Recent Developments/Updates
7.9 JFE Steel Corporation
7.9.1 JFE Steel Corporation Silicon Steel Corporation 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 (2019-2024)
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 Corporation 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 (2019-2024)
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 Corporation Information
7.11.2 Hesteel Group Silicon Steel Product Portfolio
7.11.3 Hesteel Group Silicon Steel Production, Value, Price and Gross Margin (2019-2024)
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 Corporation 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 (2019-2024)
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 Corporation Information
7.13.2 Nucor Corporation Silicon Steel Product Portfolio
7.13.3 Nucor Corporation Silicon Steel Production, Value, Price and Gross Margin (2019-2024)
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 Corporation 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 (2019-2024)
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 Corporation Information
7.15.2 Shagang Group Silicon Steel Product Portfolio
7.15.3 Shagang Group Silicon Steel Production, Value, Price and Gross Margin (2019-2024)
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 Corporation 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 (2019-2024)
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 Corporation Information
7.17.2 NLMK Group Silicon Steel Product Portfolio
7.17.3 NLMK Group Silicon Steel Production, Value, Price and Gross Margin (2019-2024)
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 Corporation Information
7.18.2 Maanshan Steel Silicon Steel Product Portfolio
7.18.3 Maanshan Steel Silicon Steel Production, Value, Price and Gross Margin (2019-2024)
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 Corporation Information
7.19.2 ThyssenKrupp Silicon Steel Product Portfolio
7.19.3 ThyssenKrupp Silicon Steel Production, Value, Price and Gross Margin (2019-2024)
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 Corporation 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 (2019-2024)
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 Corporation 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 (2019-2024)
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 Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Silicon Steel Production Mode & Process
8.4 Silicon Steel Sales and Marketing
8.4.1 Silicon Steel Sales Channels
8.4.2 Silicon Steel Distributors
8.5 Silicon Steel Customers
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 Finding 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
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