Grain Oriented Electrical Steel Market (Updated Version Available)

Electrical steel is an alloy that contains iron and silicon. It can be manufactured by modifying the magnetic properties of steel for efficient magnetism and electricity conversion. Also called silicon steel, lamination steel, relay steel or transformer steel, this type of steel is very often used to build the cores of transformers as well as the stators of generators and motors. An electrical steel sheet is a functional material used as an iron core material for electrical equipment. There are two types of electrical steel: grain oriented electrical steel and non-grain oriented electrical steel, and they are used for different applications. In this report we researched grain oriented electrical steel.
Grain oriented electrical steels are iron-silicon magnetic alloys. These alloys are used to construct the cores of highly-efficient electric transformers due to their unique magnetic properties. Available in grades M-2, M-3, M-4, M-5 and M-6, with superior magnetic properties in the rolling direction, oriented steels are used in transformer cores. They are used in large generators and other apparatus when the design permits the directional magnetic characteristics to be used efficiently.
Grain oriented electrical steel usually has a silicon level of 3%. It is processed in such a way that the optimal properties are developed in the rolling direction, due to a tight control (proposed by Norman P. Goss) of the crystal orientation relative to the sheet. Grain oriented electrical steels are usually applied in transformers, rectifiers and so on.
In the past five years from 2012-2016, because of European debt crisis and complex international economic situation, grain oriented electrical steel industry only developed at a low growth rate. But in Asia, especially in China and India, grain oriented electrical steel industry developed at a higher growth rate. In the next five years (2017-2025), grain oriented electrical steel industry will keep growing with the CAGR of 1.78% growth rate.
Supply and demand conditions of grain oriented electrical steel show polarization. In low-end products field, overcapacity has become more and more serious, but in the high-performance field, oriented electrical steel with high grade and magnetic induction, the market is in short supply. To seize a larger global market share, in the future, manufacturing companies will invest much more on R&D and the products will be closer to high-end field.
For regions, Asia, especially China, is the largest production and consumption region, followed by Europe and US. Japan and Korea also play important rule in the market, large quantity of Grain Oriented Electrical Steel is exported to the world every year. This situation will not change in the short term.
The market of Grain Oriented Electrical Steel is quite concentrated. NSSMC, Posco, JFE Steel, NLMK Group, ThyssenKrupp, AK Steel, Cogent (Tata Steel), ArcelorMittal, Stalprodukt S.A., ATI, Baowu Group, Shougang are the key suppliers in the grain oriented electrical steel market. They took up about 95% of the production market in 2017. Newly created China Baowu Steel Group Corp by Wisco and Baosteel become the largest player in the world. The competition is very intense, for example, due to the challenging business; ATI suspended its Grain Oriented Electrical Steel business in 2016. The intense competition will continue in the future.

The report offers detailed coverage of Grain Oriented Electrical Steel industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Grain Oriented Electrical Steel by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Grain Oriented Electrical Steel market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.

First, this report covers the present status and the future prospects of the global Grain Oriented Electrical Steel market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
Baowu Group
NSSMC
AK Steel
ThyssenKrupp
NLMK Group
JFE Steel
Posco
ArcelorMittal
Ansteel
Shougang
Stalprodukt S.A.
Cogent (Tata Steel)
ATI

At the same time, we classify Grain Oriented Electrical Steel according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
Market by Order Type
Conventional
High Magnetic Strength
Domain Refinement
Market by Application
Transformer
Power Generator
Electric Motor
Other

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Grain Oriented Electrical Steel market for the forecast period 2021 - 2025?
• What are the driving forces in the Grain Oriented Electrical Steel market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Grain Oriented Electrical Steel industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?