Market Overview:
The global Fe-Si steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and renewable energy sources. Additionally, the growing infrastructure development in emerging economies is also propelling the growth of the global Fe-Si steel market. Based on type, the global Fe-Si steel market can be segmented into general grade, high magnetic strength grade, and domain refinement grade. The general grade segment is expected to account for a major share of the global Fe-Si steel market during the forecast period owing to its widespread use in various applications such as transformers, power generators, electric motors, and other applications. However, high magnetic strength grades are witnessing a higher growth rate due their increasing use in wind turbines and traction motors used in electric vehicles. Based on application,theglobalFe-Sisteelmarketcanbe segmentedinto transformer sector,,power generator sector,,electric motor sector,,and other sectors,..
Product Definition:
A Fe-Si steel is a type of alloy steel that contains both iron and silicon. The addition of silicon to the alloy helps to improve its strength and hardness. Fe-Si steels are commonly used in construction, automotive, and industrial applications where high strength and toughness are required.
General:
General is a ferroalloy, which contains elements of both iron and silicon. It has the highest melting point of any steel-forming material and it can be used to produce high-grade steel. The most common form of general alloy is 62%FeSi6%Ni, which has been used for producing commercial quality carbon steel since the late 19th century.
High Magnetic Strength:
Magnetic strength is a property of magnetic materials that determines the intensity of their magnetism. It can be defined as the torque generated when a current is passed through a coil wrapped around an iron core. The higher the value, the stronger and more persistent will be its effect on ferromagnetic materials such as iron-silicone steel (Fe-Si).
Application Insights:
The transformer application segment accounted for the largest volume share of over 30% in 2017. Fe-Si steel is used as a primary material in the manufacturing of transformers due to its excellent electrical properties. The product has low iron loss and high magnetic strength, which makes it suitable for use in core materials of Transformers up to 400 kV.
Power generator application segment is expected to grow at a CAGR of XX%, in terms of revenue, from 2018 to 2030 owing to increasing demand for electric motors that are utilized across various industries such as construction, automotive and medical equipment among others. Increasing investments by governments across various countries towards developing power generation infrastructure are likely drive market growth over the forecast period.
Increasing demand from other applications including electric motor drives (brushless DC motors), industrial machinery (compressor stations).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. These countries are projected to witness strong economic growth over the coming years on account of increasing industrial activities as well as investments in various sectors such as manufacturing, construction and infrastructure development.
China accounted for a major share in Asia Pacific market owing to high steel production volumes across various applications coupled with growing demand from end-use industries such as electrical & electronics and automotive. In addition, favorable government policies encouraging domestic consumption along with rapid urbanization are likely to contribute toward sustainable growth of the country’s industrial sector at a significant pace over the next few years. This scenario is anticipated to propel product demand across transformers application segment within China during 2018-2030 period.
Growth Factors:
- Growing demand from the automotive and construction industries
- Increasing use in renewable energy applications
- Rising popularity of lightweight steel alloys
- Technological advancements that improve performance and durability
- Growing demand from emerging economies
Scope Of The Report
Report Attributes
Report Details
Report Title
Fe-Si Steel Market Research Report
By Type
General, High Magnetic Strength, Domain Refinement
By Application
Transformer, Power Generator, Electric Motor, Other
By Companies
NLMK Group, AK Steel, NSSMC, ThyssenKrupp, Posco, JFE Steel, ArcelorMittal, Stalprodukt S.A., ATI, Cogent(Tata Steel), WISCO, Baosteel, Ansteel, Shougang
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Fe-Si Steel Market Report Segments:
The global Fe-Si Steel market is segmented on the basis of:
Types
General, High Magnetic Strength, Domain Refinement
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transformer, Power Generator, Electric Motor, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NLMK Group
- AK Steel
- NSSMC
- ThyssenKrupp
- Posco
- JFE Steel
- ArcelorMittal
- Stalprodukt S.A.
- ATI
- Cogent(Tata Steel)
- WISCO
- Baosteel
- Ansteel
- Shougang
Highlights of The Fe-Si Steel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- General
- High Magnetic Strength
- Domain Refinement
- By Application:
- Transformer
- Power Generator
- Electric Motor
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fe-Si Steel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fe-Si steel is a type of steel that contains both iron and silicon. This makes it a strong and durable material, perfect for use in products that need to be resistant to wear and tear.
Some of the key players operating in the fe-si steel market are NLMK Group, AK Steel, NSSMC, ThyssenKrupp, Posco, JFE Steel, ArcelorMittal, Stalprodukt S.A., ATI, Cogent(Tata Steel), WISCO, Baosteel, Ansteel, Shougang.
The fe-si steel market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fe-Si Steel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fe-Si Steel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fe-Si Steel Market - Supply Chain
4.5. Global Fe-Si Steel Market Forecast
4.5.1. Fe-Si Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fe-Si Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fe-Si Steel Market Absolute $ Opportunity
5. Global Fe-Si Steel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fe-Si Steel Market Size and Volume Forecast by Type
5.3.1. General
5.3.2. High Magnetic Strength
5.3.3. Domain Refinement
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fe-Si Steel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fe-Si Steel Market Size and Volume Forecast by Application
6.3.1. Transformer
6.3.2. Power Generator
6.3.3. Electric Motor
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fe-Si Steel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fe-Si Steel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fe-Si Steel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fe-Si Steel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fe-Si Steel Demand Share Forecast, 2019-2026
9. North America Fe-Si Steel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fe-Si Steel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fe-Si Steel Market Size and Volume Forecast by Application
9.4.1. Transformer
9.4.2. Power Generator
9.4.3. Electric Motor
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fe-Si Steel Market Size and Volume Forecast by Type
9.7.1. General
9.7.2. High Magnetic Strength
9.7.3. Domain Refinement
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fe-Si Steel Demand Share Forecast, 2019-2026
10. Latin America Fe-Si Steel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fe-Si Steel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fe-Si Steel Market Size and Volume Forecast by Application
10.4.1. Transformer
10.4.2. Power Generator
10.4.3. Electric Motor
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fe-Si Steel Market Size and Volume Forecast by Type
10.7.1. General
10.7.2. High Magnetic Strength
10.7.3. Domain Refinement
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fe-Si Steel Demand Share Forecast, 2019-2026
11. Europe Fe-Si Steel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fe-Si Steel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fe-Si Steel Market Size and Volume Forecast by Application
11.4.1. Transformer
11.4.2. Power Generator
11.4.3. Electric Motor
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fe-Si Steel Market Size and Volume Forecast by Type
11.7.1. General
11.7.2. High Magnetic Strength
11.7.3. Domain Refinement
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. arket Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fe-Si Steel Demand Share, 2019-2026
12. Asia Pacific Fe-Si Steel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fe-Si Steel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fe-Si Steel Market Size and Volume Forecast by Application
12.4.1. Transformer
12.4.2. Power Generator
12.4.3. Electric Motor
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fe-Si Steel Market Size and Volume Forecast by Type
12.7.1. General
12.7.2. High Magnetic Strength
12.7.3. Domain Refinement
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fe-Si Steel Demand Share, 2019-2026
13. Middle East & Africa Fe-Si Steel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fe-Si Steel Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fe-Si Steel Market Size and Volume Forecast by Application
13.4.1. Transformer
13.4.2. Power Generator
13.4.3. Electric Motor
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fe-Si Steel Market Size and Volume Forecast by Type
13.7.1. General
13.7.2. High Magnetic Strength
13.7.3. Domain Refinement
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fe-Si Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fe-Si Steel Market: Market Share Analysis
14.2. Fe-Si Steel Distributors and Customers
14.3. Fe-Si Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. NLMK Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AK Steel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. NSSMC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ThyssenKrupp
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Posco
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. JFE Steel
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ArcelorMittal
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Stalprodukt S.A.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ATI
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cogent(Tata Steel)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. WISCO
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Baosteel
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Ansteel
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shougang
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook