Global and United States Silicon Steel Market Report & Forecast 2022-2028

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.
Market Analysis and Insights: Global and United States Silicon Steel Market
This report focuses on global and United States Silicon Steel market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Silicon Steel market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, by Type, Oriented Electrical Steel accounting for % of the Silicon Steel global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Automotive was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
In United States the Silicon Steel market size is expected to grow from US$ million in 2021 to US$ million by 2028, at a CAGR of % during the forecast period.
Global Silicon Steel Scope and Market Size
Silicon Steel market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Silicon Steel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Silicon Steel market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.

Segment by Type
Oriented Electrical Steel
Non-Grain Oriented Electrical Steel

Segment by Application
Automotive
Construction
Home Appliance
Machinery
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

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