Grain oriented electrical steels (GOES) are iron-silicon alloys that were developed to provide the low core loss and high permeability required for efficient and economical electrical transformers. GOES is the most energy efficient electrical steel and used in transformers where energy conservation is critical. High-purity active magnesium oxide is used to form insulating “glass” layer of oriented grain on silicon steel (transformer steel) surface and give special electromagnetic properties to steel. This is achieved by coating steel surface with aqueous slurry of magnesium oxide which reacts with silicon on steel surface during high-temperature annealing until transparent layer of magnesium silicate. Magnesium oxide shall have a high degree of purity and contain very low level of elements such as chlorine, bromine, calcium, fluorine and sodium which can form an unacceptably high electrical conductivity of insulating layer. Magnesium oxide shall also have a very small particle size to obtain slurry which is stable and has desired characteristics of coating.
The global market for Silicon Steel Grade Magnesium Oxide is estimated to increase from US$ 103.6 million in 2021 to reach US$ 131.3 million by 2028, exhibiting a CAGR of 3.4% during 2022-2028. Keeping in mind the uncertainties of COVID-19 and Russia-Ukraine War, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Global key players of Silicon Steel Grade Magnesium Oxide include Shanxi Yinsheng Technology, Tateho Chemical, ICL-IP, etc. The top three players hold a share about 37%. China is the largest producer, holds a share over 46%, followed by Japan, Europe and North America. Asia-Pacific is the largest market, has a share about 69%, followed by Europe and North America, with share 21% and 7%, separately.
Report Coverage
This latest report provides a deep insight into the global Silicon Steel Grade Magnesium Oxide market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, value chain analysis, etc.
This report aims to provide a comprehensive picture of the global Silicon Steel Grade Magnesium Oxide market, with both quantitative and qualitative data, to help readers understand how the Silicon Steel Grade Magnesium Oxide market scenario changed across the globe during the pandemic and Russia-Ukraine War.
The base year considered for analyses is 2021, while the market estimates and forecasts are given from 2022 to 2028. The market estimates are provided in terms of revenue in USD millions and volume in MT.
Market Segmentation:
The study segments the Silicon Steel Grade Magnesium Oxide market and forecasts the market size by Purity (0.98 and 0.99,), by Application (High Magnetic Strength Electrical Steel and Conventional Electrical Steel.), and region (APAC, Americas, Europe, and Middle East & Africa).
Segmentation by purity
0.98
0.99
Segmentation by application
High Magnetic Strength Electrical Steel
Conventional Electrical Steel
Segmentation by region
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Major companies covered
Tateho Chemical
Shanxi Yinsheng Technology
ICL-IP
Shanghai SIIC Zhentai Chemical
Meishen Technology
JSC Kaustik
Martin Marietta Magnesia Specialties
Chapter Introduction
Chapter 1: Scope of Silicon Steel Grade Magnesium Oxide, Research Methodology, etc.
Chapter 2: Executive Summary, global Silicon Steel Grade Magnesium Oxide market size (sales and revenue) and CAGR, Silicon Steel Grade Magnesium Oxide market size by region, by purity, by application, historical data from 2017 to 2022, and forecast to 2028.
Chapter 3: Silicon Steel Grade Magnesium Oxide sales, revenue, average price, global market share, and industry ranking by company, 2017-2022
Chapter 4: Global Silicon Steel Grade Magnesium Oxide sales and revenue by region and by country. Country specific data and market value analysis for the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America and Middle East & Africa.
Chapter 5, 6, 7, 8: Americas, APAC, Europe, Middle East & Africa, sales segment by country, by purity, and purity.
Chapter 9: Analysis of the current market trends, market forecast, opportunities and economic trends that are affecting the future marketplace
Chapter 10: Manufacturing cost structure analysis
Chapter 11: Sales channel, distributors, and customers
Chapter 12: Global Silicon Steel Grade Magnesium Oxide market size forecast by region, by country, by purity, and application.
Chapter 13: Comprehensive company profiles of the leading players, including Tateho Chemical, Shanxi Yinsheng Technology, ICL-IP, Shanghai SIIC Zhentai Chemical, Meishen Technology, JSC Kaustik and Martin Marietta Magnesia Specialties, etc.
Chapter 14: Research Findings and Conclusion