Global Silicon Steel Grade Magnesium Oxide Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Silicon Steel Grade Magnesium Oxide Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

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.

According to our (Global Info Research) latest study, the global Silicon Steel Grade Magnesium Oxide market size was valued at US$ 122 million in 2023 and is forecast to a readjusted size of USD 152 million by 2030 with a CAGR of 3.2% during review period.

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 48%. China is the largest producer, has a share about 64%, followed by Europe and Japan, with share 17% and 9%, respectively. The largest market is Asia-Pacific, with a share about 69%, followed by Europe and North America, with share 21% and 7%, separately.

This report is a detailed and comprehensive analysis for global Silicon Steel Grade Magnesium Oxide market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Purity and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Silicon Steel Grade Magnesium Oxide market size and forecasts, in consumption value ($ Million), sales quantity (MT), and average selling prices (US$/MT), 2019-2030

Global Silicon Steel Grade Magnesium Oxide market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MT), and average selling prices (US$/MT), 2019-2030

Global Silicon Steel Grade Magnesium Oxide market size and forecasts, by Purity and by Application, in consumption value ($ Million), sales quantity (MT), and average selling prices (US$/MT), 2019-2030

Global Silicon Steel Grade Magnesium Oxide market shares of main players, shipments in revenue ($ Million), sales quantity (MT), and ASP (US$/MT), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Silicon Steel Grade Magnesium Oxide

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Silicon Steel Grade Magnesium Oxide market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Tateho Chemical, Shanxi Yinsheng Technology, ICL-IP, Shanghai SIIC Zhentai Chemical, Meishen Technology, JSC Kaustik, Martin Marietta Magnesia Specialties, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Silicon Steel Grade Magnesium Oxide market is split by Purity and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Purity, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Purity
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0.99

Market segment by Application
High Magnetic Strength Electrical Steel
Conventional Electrical Steel

Major players covered
Tateho Chemical
Shanxi Yinsheng Technology
ICL-IP
Shanghai SIIC Zhentai Chemical
Meishen Technology
JSC Kaustik
Martin Marietta Magnesia Specialties

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Silicon Steel Grade Magnesium Oxide product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Silicon Steel Grade Magnesium Oxide, with price, sales quantity, revenue, and global market share of Silicon Steel Grade Magnesium Oxide from 2019 to 2024.

Chapter 3, the Silicon Steel Grade Magnesium Oxide competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Silicon Steel Grade Magnesium Oxide breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Purity and by Application, with sales market share and growth rate by Purity, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Silicon Steel Grade Magnesium Oxide market forecast, by regions, by Purity, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Silicon Steel Grade Magnesium Oxide.

Chapter 14 and 15, to describe Silicon Steel Grade Magnesium Oxide sales channel, distributors, customers, research findings and conclusion.