Europe Electrical Steel Market: Industry Analysis, Size, Share, Growth, Trends and Forecast By 2029
The credible Electrical Steel Market research report gives detailed synopsis on the study of CHEMICAL AND MATERIALS industry and its impact on the market environment. This market document provides statistics on the current state of the industry as a helpful source of assistance and direction for companies and investors interested in this market. The business report explains current and future market trends and carries out analysis of the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. In addition, the worldwide CHEMICAL AND MATERIALS report also gives a view about key players, major collaborations, merger, & acquisitions along with trending innovation and business policies.
The rising demands for electrical steel across major sectors is the vital factor boosting the growth of the market over the forecasted period of 2022-2029. For instance, in 2021, revenue in electrical steel market's energy sector increased quickly. Moreover, the rise in non-grain electrical steel segment and the construction of thermal power plants are also the factors boosting the growth of the market over the forecasted period.
The global electrical steel market was valued at USD 3.20 billion in 2021 and is expected to reach USD 4.99 billion by 2029, registering a CAGR of 5.70% during the forecast period of 2022-2029.
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Market Overview
Electrical steel is a magnetic material with enhanced electrical properties and is widely used across applications such as small relays, solenoids, electric motors, generators and other electromagnetic devices. They can decrease the dissipation of heat, an issue that results in energy wastage. They are actively being used in the interior decoration and can be folded and painted easily. They have a wide range of applications in batteries and home appliances as well.
Some of the major players operating in the electrical steel market are
AkzoNobel N.V. (Netherlands)
PPG Industries Inc., (U.S.)
The Sherwin-Williams Company (U.S.)
RPM International Inc., (U.S.)
NIPSEA GROUP (Japan)
Arkema (France)
Cardolite Corporation (U.S.)
BASF SE (Germany)
Evonik Industries AG (Germany)
Reichhold LLC 2, (U.S.)
DSM (Netherlands)
Qualipoly Chemical Corp. (Taiwan)
Arakawa Chemical Industries,Ltd. (Japan)
The electrical steel market is analyzed and market size insights and trends are provided by product type, applications, thickness, core losses, flux density and end user as referenced above.
The countries covered in the electrical steel market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
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Table of Content
Chapter 2: Global Electrical Steel Market
Chapter 3: Regional analysis of the Global Electrical Steel Market industry
Chapter 4: Electrical Steel Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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