Core Insights - The global silicon steel industry is experiencing significant growth, driven by increasing demand in the automotive and power sectors, particularly for electric vehicles and transformers [11]. Industry Development History - The silicon steel industry began developing in the late 19th century, with a shift from hot-rolled to cold-rolled oriented silicon steel initiated by the American Armco Steel Company in the early 1940s [1]. - By the 1960s to late 1980s, hot-rolled electrical steel was phased out in favor of cold-rolled oriented and non-oriented silicon steel, with advancements in non-oriented silicon steel technology [2]. Market Size and Growth - The global silicon steel market was valued at $30.7 billion in 2023, with a projected growth rate of 5.6%, leading to an estimated market size of approximately $32.4 billion in 2024 [4]. - The industry is characterized by high competition and concentration, with Asia expected to account for over 50% of the global market share [4]. Regional Development Patterns - China leads the oriented silicon steel market with a production capacity share of 56%, followed by Japan (11%) and the USA (7%) [6]. - In the non-oriented silicon steel market, China holds a dominant position with a 67% share, while other Asian countries collectively account for 17% and Europe for 15% [8]. Future Market Outlook - The silicon steel market is anticipated to maintain a growth trend, with a projected compound annual growth rate of 5%, potentially reaching a market size of $43.4 billion by 2030 [11].
2025年全球硅钢行业发展现状 亚洲地区需求增长迅速【组图】
Qian Zhan Wang·2025-06-03 07:16