Global Non Grain-oriented Electrical Steel Market Insights, Forecast to 2028

Global Non Grain-oriented Electrical Steel Market Insights, Forecast to 2028

Market Analysis and Insights: Global Non Grain-oriented Electrical Steel Market

Due to the COVID-19 pandemic, the global Non Grain-oriented Electrical Steel market size is estimated to be worth US$ 17,027.5 million in 2022 and is forecast to a readjusted size of US$ 19,721.1 million by 2028 with a CAGR of 2.48% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Semi-processed accounting for 72.07% of the Non Grain-oriented Electrical Steel global market in 2021, is projected to value US$ 13,617.4 million by 2028, growing at a revised 1.77% CAGR from 2022 to 2028. While Automotive segment is altered to an 7.22 % CAGR throughout this forecast period.
China Non Grain-oriented Electrical Steel market size was US$ 12,335.2 million in 2021, while the US and Europe Non Grain-oriented Electrical Steel were US$ 966.9 million and US$ 2,684.7 million, severally. The proportion of the US was 5.13% in 2021, while China and Europe are 65.47% and 14.25% respectively, and it is predicted that China proportion will reach 65.70% in 2028, trailing a CAGR of 2.48 % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR 2.18%, 2.91%, and 3.19 % respectively for the next 6-year period. As for the Europe Non Grain-oriented Electrical Steel landscape, Germany is projected to reach US$ 629.7 million by 2028 trailing a CAGR of 1.96 % over the forecast period.
The global key manufacturers of Non Grain-oriented Electrical Steel include Baowu, Shougang, TISCO, Nippon Steel, Ansteel, Posco, JFE Steel, ThyssenKrupp, and Voestalpine, etc. In 2021, the global top five players hold a share approximately 53.56% in terms of revenue.

Global Non Grain-oriented Electrical Steel Scope and Segment

Non Grain-oriented Electrical Steel market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Non Grain-oriented Electrical Steel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type, and by Application for the period 2017-2028.

By Company

Baowu
Shougang
TISCO
Nippon Steel
Ansteel
Posco
JFE Steel
ThyssenKrupp
Voestalpine
ArcelorMittal
NLMK
CSC
AK Steel (Cleveland-Cliffs)
BX Steel

Segment by Type

Semi-processed
Fully Processed

Segment by Application

Motor
Home Appliances
Power Generator
Automotive
Others

Segment by Region

North America
United States
Canada

Asia Pacific
China
Japan
South Korea
India
Australia
Southeast Asia

Europe
Germany
France
U.K.
Italy
Russia

Latin America
Mexico
Brazil

Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa