Global Silicon Steel Grade Magnesium Oxide Market Growth 2023-2029

Global Silicon Steel Grade Magnesium Oxide Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Silicon Steel Grade Magnesium Oxide Industry Forecast” looks at past sales and reviews total world Silicon Steel Grade Magnesium Oxide sales in 2022, providing a comprehensive analysis by region and market sector of projected Silicon Steel Grade Magnesium Oxide sales for 2023 through 2029. With Silicon Steel Grade Magnesium Oxide sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Silicon Steel Grade Magnesium Oxide industry.
This Insight Report provides a comprehensive analysis of the global Silicon Steel Grade Magnesium Oxide landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Silicon Steel Grade Magnesium Oxide portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Silicon Steel Grade Magnesium Oxide market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Silicon Steel Grade Magnesium Oxide and breaks down the forecast by purity, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Silicon Steel Grade Magnesium Oxide.
The global Silicon Steel Grade Magnesium Oxide market size is projected to grow from US$ 103.6 million in 2022 to US$ 131.3 million in 2029; it is expected to grow at a CAGR of 131.3 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Silicon Steel Grade Magnesium Oxide market by product purity, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by purity
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0.99
Segmentation by application
High Magnetic Strength Electrical Steel
Conventional Electrical Steel
This report also splits the market 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
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Tateho Chemical
Shanxi Yinsheng Technology
ICL-IP
Shanghai SIIC Zhentai Chemical
Meishen Technology
JSC Kaustik
Martin Marietta Magnesia Specialties

Key Questions Addressed in this Report
What is the 10-year outlook for the global Silicon Steel Grade Magnesium Oxide market?
What factors are driving Silicon Steel Grade Magnesium Oxide market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Silicon Steel Grade Magnesium Oxide market opportunities vary by end market size?
How does Silicon Steel Grade Magnesium Oxide break out purity, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.