Electrical Steel Market

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Electrical Steel Market by Type (Non-grain-oriented, and Grain-oriented), Application (Transformer, Motors, Inductors), End-user Industry (Automotive, Energy, Manufacturing, Household Appliances), and Region - Global Forecast to 2028

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Report Code: MM 5145 May, 2023, by marketsandmarkets.com
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The global electrical steel market is expected to experience substantial growth in the coming years, with an estimated value of USD 40.6 billion in 2023 and a projected value of USD 60.7 billion by 2028, growing at a CAGR of 8.4%. Electrical steel, also known as silicon steel, is a specialty steel used in the manufacture of various electrical components such as transformers, motors, generators, and other electrical equipment. The electrical steel industry has been experiencing substantial growth in recent times, fueled by the escalating demand for sustainable and eco-friendly energy solutions. This demand is further fueled by the burgeoning automotive industry, particularly the electric vehicle segment, as electrical steel is a vital component in the manufacturing of electric motors.

Attractive Opportunities in the Electrical Steel Market

Electrical Steel Market

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Electrical Steel Market

Electrical Steel Market Dynamics

Driver: High consumption of electrical steel in transformer and motors.

The global electrical steel market is being driven by the increasing demand for energy-efficient vehicles, particularly electric and hybrid cars, due to the deployment of electrical steel in the automotive industry. In addition, the market is benefiting from the growing need for energy conservation, which is driving the demand for transformers in the power sector. Electrical steel's high magnetic permeability makes it a crucial material in applications where electrical energy needs to be efficiently converted, transported, and used. Grain-oriented electrical steel, such as powercore from ThyssenKrupp, is essential in distribution and power transformers where it helps to convert and transform voltage. Steel, such as powercore, is also being used to enhance magnetic flux and improve the efficiency of generators in wind turbines and hydroelectric plants, thus playing a crucial role in advancing the energy transition.

Restraint: Volatile prices of raw material

The steel industry heavily depends on a steady supply of raw materials for the manufacturing and processing of steel products including electrical steel. The primary raw materials necessary for steel production are iron ore, coal, industrial gases, silicon and ferroalloys. However, the prices of raw materials are highly unpredictable, causing significant impacts on steel production and processing operations. If raw material prices remain stable, steel production and processing can occur smoothly without any hindrances. Unfortunately, the prices of raw materials are highly volatile, making it challenging for steel companies to manage production costs. When the cost of raw materials increases, it leads to a corresponding increase in the production cost of steel, which subsequently results in higher prices of finished steel products, including grain-oriented electrical steel and non-grain-oriented electrical steel. The unpredictability of raw material prices can create significant challenges for the steel industry, making it challenging to manage production costs and maintain profitability.

Opportunities: Upcoming regulations and government support

The upcoming regulations and government support in emerging economies such as India, China, and Brazil present a significant opportunity for the electrical steel market players. As the automotive industry in these countries continues to grow rapidly, the implementation of less stringent rules and regulations provides a favorable environment for market players to expand their operations. Furthermore, governments across the globe are emphasizing the reduction of carbon emissions from vehicles and supporting the use of electrical steel in various applications. For instance, the US government's recent measures to support the growth and competitiveness of the American manufacturing industry include investments in the production of cleaner materials such as steel, aluminum, and concrete, which can be used to build sustainable infrastructure. This creates a market for sustainable infrastructure that can drive the demand for electrical steel products, especially for electric vehicles, wind turbines, and solar farms. Therefore, the governmental support and upcoming regulations present a significant opportunity for the electrical steel market to grow and expand its operations.

Challenges: Environmental Challenge

The steel industry is a major source of carbon dioxide and other pollutants, which contribute significantly to climate change and environmental degradation. This industry is responsible for high levels of air, water, and soil pollution due to the production of hazardous by-products and the burning of fossil fuels. To address these issues, the steel industry must adopt sustainable practices, including the use of green technologies, efficient methods of production, and responsible waste disposal. One of the biggest environmental challenges for the steel industry is the amount of carbon dioxide it emits. According to the World Steel Association, for every ton of steel produced, an average of 1.83 tons of CO2 is emitted, making steel production a major contributor to global warming. In 2020, the steel industry produced 1,860 million tons of steel, resulting in direct emissions of around 2.6 billion tons. This represents between 7% and 9% of global anthropogenic CO2 emissions.

To mitigate the environmental impact of the steel industry, it must adopt sustainable practices that prioritize reducing carbon emissions. This includes implementing new technologies such as carbon capture and storage, using renewable energy sources, and improving the efficiency of production processes. Additionally, responsible waste management practices such as recycling and proper disposal can significantly reduce the industry's environmental impact. By prioritizing sustainable practices, the steel industry can reduce its contribution to global emissions and make a positive impact on the environment.

By Application, the transformers segment accounted for the highest CAGR during the forecast period

The transformers segment is expected to be the leading category in the electrical steel market based on its application. This is primarily due to the rising demand for electrical steel in the power generation, transmission, and distribution industries. Electrical steel has unique properties such as low hysteresis loss, high permeability, and high resistance, which make it an ideal material for use in electrical transformer cores and other electrical devices. One of the most significant applications of electrical steel is in the production of iron cores for motors. These cores help to intensify the magnetic field, making the electromagnet stronger. Additionally, electrical steel is used in the manufacturing of cores for inductors, which are used extensively with capacitors and resistors to create filters for analog circuits and in signal processing. Overall, the high demand for electrical steel in the transformers segment is driven by its ability to provide superior magnetic properties that are essential in the design and manufacturing of a wide range of electrical devices used in power generation, transmission, and distribution.

By End-use Industry, the manufacturing sector accounted for the highest CAGR during the forecast period

The manufacturing sector is expected to dominate the electrical steel market in the coming years, due to its strong growth potential. This growth can be attributed to the overall economic growth across the world, as the manufacturing sector is closely tied to economic growth. Additionally, the increase in industrialization, particularly in developing and developed economies, is anticipated to further boost the demand for electrical steel in the near future. This suggests that electrical steel is likely to play a vital role in various industries, especially in manufacturing, as it is a critical component in the production of various electrical devices and equipment.

By Type, the grain-oriented segment accounted for the 2nd highest CAGR during the forecast period

The grain-oriented segment of electrical steel is expected to exhibit the highest compound annual growth rate (CAGR) during the forecast period. This can be attributed to the superior magnetic properties of grain-oriented electrical steel, which make it an ideal material for use in high-efficiency transformers, motors, and generators. Furthermore, the increasing demand for electricity in developing economies and the growing trend towards renewable energy sources are expected to further drive the demand for grain-oriented electrical steel in the near future. As a result, manufacturers in the electrical steel market are likely to focus more on the production of grain-oriented electrical steel to cater to the increasing demand, which is likely to drive the growth of this segment in the coming years.

Asia Pacific is projected to account for the highest CAGR in the Electrical Steel market during the forecast period

The Asia Pacific region dominates the electrical steel market, with China, Japan, and India being the major countries leading in the industry. The region is expected to continue to be the largest market for electrical steel due to the increasing industrialization and urbanization, as well as the rising demand for energy-efficient equipment.

Electrical Steel Market by Region

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Key Market Players

The electrical steel market is dominated by a few globally established players, such as ArcelorMittal (Luxembourg), POSCO (South Korea), Voestalpine AG (Austria), China Baowu Steel Group Corporation (China), Nippon Steel Corporation (Japan), United States Steel Corporation (United States), Steel Authority of India (India), TATA Steel Limited (India), Thyssenkrupp AG (Germany), JFE Steel Corporation (Japan), amongst others.

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Scope of the Report

:

Report Metric

Details

Years Considered

2021–2028

Base year

2022

Forecast period

2023–2028

Unit considered

Value (USD Million/USD Billion) and Volume (Kilotons)

Segments

Type, End Use Industry, Application, and Region

Regions

North America, Europe, South America, Asia Pacific, and Middle East & Africa.

Companies

ArcelorMittal (Luxembourg), POSCO (South Korea), Voestalpine AG (Austria), China Baowu Steel Group (China), Nippon Steel Corporation (Japan), United States Steel Corporation (United States), Steel Authority Of India (India), TATA Steel Limited (India), Thyssenkrupp AG (Germany), JFE Steel Corporation (Japan), amongst others are covered in the electrical steel market.

This research report categorizes the global electrical steel market on the basis of Type, Application, and Region.

On the basis of type:
  • Grain-oriented
  • Non-grain-oriented
On the basis of end use industry:
  • Energy
  • Automotive
  • Household Appliances
  • Manufacturing
  • Others
On the basis of application:
  • Transformers
  • Motors
  • Inductors
  • Others
On the basis of region:
  • North America
  • Europe
  • APAC
  • Middle East & Africa
  • South America

The market has been further analyzed for the key countries in each of these regions.

Recent Developments

  • In June 2022, Voestalpine’s high-performance metals division has completed the construction of a new special steel plant in Kapfenberg. The advanced facility is expected to produce 205,000 tons of steel annually for industries such as aerospace, automotive, and oil & gas.
  • In April 2022, POSCO established a new plant with an annual capacity of 300,000 tons for producing non-oriented electrical steel sheets at its Gwangyang Works. The company aims to increase its production capacity of high-efficiency non-oriented electrical steel sheets from 100,000 tons to 400,000 tons per year by 2025.
  • In March 2022, ArcelorMittal is expected to invest over USD 330.8 million to create a new production unit for electrical steels at its Mardyck site in France. The unit is expected to produce steel used in electric and hybrid vehicles and industrial machinery. This project is supported by the French government and is expected to create over 100 jobs and contribute to achieving the European Union CO2 emission reduction goals. The production unit is set to start in 2024 with a 200,000-ton production capacity.
  • In March 2022, China Baowu Steel Group Corporation and Shell signed two cooperative agreements, including an enterprise framework cooperation agreement (EFA) on the supply of green steel products and a master agreement on emission trading, symbolizing that the cooperation between both parties in low-carbon development advances to a new level.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
          TABLE 1 INCLUSIONS AND EXCLUSIONS
    1.4 MARKET SCOPE 
          FIGURE 1 ELECTRICAL STEEL MARKET SEGMENTATION
           1.4.1 YEARS CONSIDERED
           1.4.2 REGIONAL SCOPE
    1.5 CURRENCY CONSIDERED 
    1.6 UNITS CONSIDERED 
    1.7 STAKEHOLDERS 
    1.8 LIMITATIONS 
    1.9 SUMMARY OF CHANGES 
    1.10 IMPACT OF RECESSION 
 
2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA 
          FIGURE 2 RESEARCH DESIGN
    2.2 MARKET SIZE ESTIMATION 
          FIGURE 3 BASE NUMBER CALCULATION APPROACH 1
          FIGURE 4 BASE NUMBER CALCULATION APPROACH 2
    2.3 MARKET ENGINEERING PROCESS 
           2.3.1 TOP-DOWN APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
           2.3.2 BOTTOM-UP APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 
          FIGURE 7 DATA TRIANGULATION
           2.4.1 SECONDARY DATA
                    2.4.1.1 Key data from secondary sources
           2.4.2 PRIMARY DATA
                    2.4.2.1 Key data from primary sources
                    2.4.2.2 Key industry insights
                    2.4.2.3 Breakdown of primary interviews
    2.5 ASSUMPTIONS 
           2.5.1 RISK ASSESSMENT
                    TABLE 2 LIMITATIONS
                    TABLE 3 RISKS
 
3 EXECUTIVE SUMMARY (Page No. - 44)
    FIGURE 8 NON-GRAIN-ORIENTED ELECTRICAL STEEL TYPE TO LEAD MARKET
    FIGURE 9 TRANSFORMERS APPLICATION TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 10 MANUFACTURING END-USE INDUSTRY TO LEAD MARKET DURING FORECAST PERIOD
    FIGURE 11 ASIA PACIFIC LED ELECTRICAL STEEL MARKET IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 ATTRACTIVE OPPORTUNITIES IN ELECTRICAL STEEL MARKET 
          FIGURE 12 MANUFACTURING INDUSTRY TO DRIVE ELECTRICAL STEEL MARKET
    4.2 ELECTRICAL STEEL MARKET, BY TYPE 
          FIGURE 13 NON-GRAIN-ORIENTED ELECTRICAL STEEL TYPE TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
    4.3 ELECTRICAL STEEL MARKET, BY APPLICATION 
          FIGURE 14 MOTORS APPLICATION TO LEAD MARKET DURING FORECAST PERIOD
    4.4 ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY 
          FIGURE 15 ENERGY SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.5 ELECTRICAL STEEL MARKET: MAJOR COUNTRIES 
          FIGURE 16 MARKET IN INDIA TO GROW AT HIGHEST CAGR
    4.6 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY TYPE & COUNTRY 
          FIGURE 17 NON-GRAIN-ORIENTED ELECTRICAL STEEL AND CHINA LED MARKET IN ASIA PACIFIC
 
5 MARKET OVERVIEW (Page No. - 50)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN ELECTRICAL STEEL MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Abundance of iron ore and other minerals
                                TABLE 4 GLOBAL PRODUCTION OF IRON ORE, BY COUNTRY, 2021
                                TABLE 5 WORLD RESERVES OF CRUDE IRON ORE, BY COUNTRY, 2021
                    5.2.1.2 Increasing urban population
                                TABLE 6 URBANIZATION, BY REGION, 2021–2050 (IN MILLION)
                    5.2.1.3 Transition toward renewable energy
                    5.2.1.4 High consumption of electrical steel in transformers and motors
                    5.2.1.5 Growing electric vehicle market
                                FIGURE 19 BEV + PHEV SALES, 2021 VS. 2022
           5.2.2 RESTRAINTS
                    5.2.2.1 Volatile prices of raw materials
                                FIGURE 20 GLOBAL IRON ORE PRICE (USD/TONS), 2020–2023
                    5.2.2.2 Limited supply of high-quality electrical steel
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Upcoming regulations and government support
                    5.2.3.2 Increasing capacity utilization and expansion
                                FIGURE 21 GLOBAL CRUDE STEELMAKING CAPACITY, PRODUCTION, AND CAPACITY–PRODUCTION GAP, 2008–2018
                                TABLE 7 GLOBAL CRUDE STEELMAKING CAPACITY, 2001–2018 (MILLION METRIC TONS)
                                FIGURE 22 GLOBAL EVOLUTION OF CRUDE STEELMAKING CAPACITY
                                TABLE 8 CURRENT CRUDE STEEL NOMINAL CAPACITY AND POTENTIAL GROSS CAPACITY ADDITIONS, BY REGION (MILLION METRIC TONS)
           5.2.4 CHALLENGES
                    5.2.4.1 Safety and technological constraints
                    5.2.4.2 Environmental challenges
    5.3 PORTER'S FIVE FORCES ANALYSIS 
          FIGURE 23 ELECTRICAL STEEL MARKET: PORTER'S FIVE FORCES ANALYSIS
           5.3.1 BARGAINING POWER OF SUPPLIERS
           5.3.2 THREAT OF NEW ENTRANTS
           5.3.3 THREAT OF SUBSTITUTES
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
 
6 INDUSTRY TRENDS (Page No. - 64)
    6.1 MACROECONOMIC INDICATORS 
           6.1.1 INTRODUCTION
           6.1.2 GDP TRENDS AND FORECAST
                    TABLE 9 GDP GROWTH PROJECTION WORLDWIDE
           6.1.3 GLOBAL AUTOMOBILE PRODUCTION AND GROWTH
                    TABLE 10 GLOBAL AUTOMOBILE PRODUCTION (UNITS) AND GROWTH, BY COUNTRY
    6.2 VALUE CHAIN ANALYSIS 
          FIGURE 24 PRODUCTION PROCESS CONTRIBUTES HIGHEST VALUE TO OVERALL PRICE OF ELECTRICAL STEEL
    6.3 SUPPLY CHAIN ANALYSIS 
          FIGURE 25 SUPPLY CHAIN
    6.4 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS 
          FIGURE 26 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
    6.5 MARKET MAPPING/ECOSYSTEM MAP 
          FIGURE 27 ECOSYSTEM MAP
    6.6 PATENT ANALYSIS 
           6.6.1 INTRODUCTION
           6.6.2 METHODOLOGY
           6.6.3 DOCUMENT TYPE FOR ELECTRICAL STEEL (2013–2022)
                    TABLE 11 TOTAL NUMBER OF PATENTS FOR ELECTRICAL STEEL
                    FIGURE 28 GRANTED PATENTS, LIMITED PATENTS, AND PATENT APPLICATIONS
                    FIGURE 29 PUBLICATION TRENDS - LAST 10 YEARS (2013–2022)
           6.6.4 INSIGHTS
                     FIGURE 30 JURISDICTION ANALYSIS (2013–2022)
           6.6.5 TOP COMPANIES/APPLICANTS (TILL 2022)
                    FIGURE 31 TOP APPLICANTS OF ELECTRICAL STEEL
                    TABLE 12 LIST OF PATENTS FOR ELECTRICAL STEEL
           6.6.6 DISCLAIMER
    6.7 TECHNOLOGY ANALYSIS 
    6.8 REGULATORY ANALYSIS 
          TABLE 13 ASTM STANDARDS
          TABLE 14 INDIAN STANDARDS
    6.9 REGULATORY LANDSCAPE 
          TABLE 15 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.10 PRICING ANALYSIS 
           6.10.1 PRICING ANALYSIS, BY TYPE
                     TABLE 16 AVERAGE PRICE RANGE, BY TYPE (USD/KG)
           6.10.2 PRICING ANALYSIS, BY REGION
                     FIGURE 32 PRICING ANALYSIS, BY REGION
    6.11 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.11.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
                     TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR ELECTRICAL STEEL
           6.11.2 BUYING CRITERIA
                     FIGURE 34 KEY BUYING CRITERIA OF ELECTRICAL STEEL INDUSTRY
                     TABLE 18 KEY BUYING CRITERIA FOR ELECTRICAL STEEL INDUSTRY
    6.12 TRADE ANALYSIS 
           TABLE 19 EXPORTERS OF FLAT-ROLLED ELECTRICAL STEEL, NON-GRAIN-ORIENTED, OF A WIDTH OF >= 600 MM, IN 2021 (HS = 722519)
           TABLE 20 IMPORTERS OF FLAT-ROLLED ELECTRICAL STEEL NON-GRAIN-ORIENTED, OF A WIDTH OF >= 600 MM, IN 2021 (HS = 722519)
           TABLE 21 EXPORTERS OF FLAT-ROLLED ELECTRICAL STEEL, GRAIN-ORIENTED, FOR WIDTH OF >= 600 MM, IN 2021 (HS = 722511)
           TABLE 22 IMPORTERS OF FLAT-ROLLED SILICON ELECTRICAL STEEL NON-GRAIN ORIENTED, OF A WIDTH OF >= 600 MM, IN 2021 (HS = 722511)
           TABLE 23 IMPORTERS OF SILICON, IN 2021 (HS = 280461)
           TABLE 24 EXPORTERS OF SILICON, IN 2021 (HS = 280461)
    6.13 CASE STUDY ANALYSIS 
           TABLE 25 ELECTRICAL STEEL FOR ROURKELA PLANT
           TABLE 26 IMPROVING PERFORMANCE OF ELECTRICAL STEELS
           TABLE 27 HI-LITE FOR HIGH-PERFORMANCE ELECTRIC MOTOR
    6.14 KEY CONFERENCES 
           TABLE 28 DETAILED LIST OF CONFERENCES & EVENTS
 
7 ELECTRICAL STEEL MARKET, BY TYPE (Page No. - 90)
    7.1 INTRODUCTION 
          FIGURE 35 NON-GRAIN-ORIENTED ELECTRICAL STEEL TYPE TO GROW AT HIGHER CAGR
          TABLE 29 ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
          TABLE 30 ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
          TABLE 31 ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
          TABLE 32 ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
    7.2 GRAIN-ORIENTED ELECTRICAL STEEL 
           7.2.1 CONTRIBUTES TO ENERGY CONSERVATION
                    TABLE 33 GRAIN-ORIENTED ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 34 GRAIN-ORIENTED ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 35 GRAIN-ORIENTED ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (KILOTONS)
                    TABLE 36 GRAIN-ORIENTED ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (KILOTONS)
    7.3 NON-GRAIN-ORIENTED ELECTRICAL STEEL 
           7.3.1 WIDELY USED IN CONSTRUCTION OF ROTORS AND STATORS
                    TABLE 37 NON-GRAIN-ORIENTED ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 38 NON-GRAIN-ORIENTED ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 39 NON-GRAIN-ORIENTED ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (KILOTONS)
                    TABLE 40 NON-GRAIN-ORIENTED ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (KILOTONS)
 
8 ELECTRICAL STEEL MARKET, BY APPLICATION (Page No. - 97)
    8.1 INTRODUCTION 
           FIGURE 36 TRANSFORMERS APPLICATION TO GROW AT HIGHEST CAGR
          TABLE 41 ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
          TABLE 42 ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
          TABLE 43 ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
          TABLE 44 ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
    8.2 TRANSFORMERS 
           8.2.1 INCREASE IN DEMAND FOR ENERGY TO DRIVE SEGMENT
                    TABLE 45 TRANSFORMERS: ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 46 TRANSFORMERS: ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 47 TRANSFORMERS: ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (KILOTONS)
                    TABLE 48 TRANSFORMERS: ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (KILOTONS)
    8.3 MOTORS 
           8.3.1 INCREASING APPLICATIONS IN TRANSPORTATION AND AUTOMOTIVE TO DRIVE SEGMENT
                    TABLE 49 MOTORS: ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 50 MOTORS: ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 51 MOTORS: ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (KILOTONS)
                    TABLE 52 MOTORS: ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (KILOTONS)
    8.4 INDUCTORS 
           8.4.1 INCREASE IN DEPLOYMENT OF SMART GRIDS TO DRIVE MARKET GROWTH
                    TABLE 53 INDUCTORS: ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 54 INDUCTORS: ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 55 INDUCTORS: ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (KILOTONS)
                    TABLE 56 INDUCTORS: ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (KILOTONS)
    8.5 OTHER APPLICATIONS 
          TABLE 57 OTHER APPLICATIONS: ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (USD MILLION)
          TABLE 58 OTHER APPLICATIONS: ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (USD MILLION)
          TABLE 59 OTHER APPLICATIONS: ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (KILOTONS)
          TABLE 60 OTHER APPLICATIONS: ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (KILOTONS)
 
9 ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY (Page No. - 107)
    9.1 INTRODUCTION 
          FIGURE 37 MANUFACTURING END-USE INDUSTRY TO LEAD MARKET GROWTH
          TABLE 61 ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
          TABLE 62 ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
          TABLE 63 ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
          TABLE 64 ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
    9.2 ENERGY 
           9.2.1 GROWING GLOBAL ENERGY CONSUMPTION TO INCREASE DEMAND FOR ELECTRICAL STEEL
                    TABLE 65 ENERGY: ELECTRICAL MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 66 ENERGY: ELECTRICAL MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 67 ENERGY: ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (KILOTONS)
                    TABLE 68 ENERGY: ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (KILOTONS)
    9.3 AUTOMOTIVE 
           9.3.1 DEMAND IN FUNCTIONAL FUEL PUMPS AND ELECTRICAL POWER STEERING TO DRIVE MARKET
                    TABLE 69 AUTOMOTIVE: ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 70 AUTOMOTIVE: ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 71 AUTOMOTIVE: ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (KILOTONS)
                    TABLE 72 AUTOMOTIVE: ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (KILOTONS)
    9.4 MANUFACTURING 
           9.4.1 NEW TECHNOLOGIES TO DRIVE MARKET
                    TABLE 73 MANUFACTURING: ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 74 MANUFACTURING: ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 75 MANUFACTURING: ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (KILOTONS)
                    TABLE 76 MANUFACTURING: ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (KILOTONS)
    9.5 HOUSEHOLD APPLIANCES 
           9.5.1 HIGHER LIVING STANDARDS AND RISE IN INCOME TO DRIVE MARKET
                    TABLE 77 HOUSEHOLD APPLIANCES: ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (USD MILLION)
                    TABLE 78 HOUSEHOLD APPLIANCES: ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (USD MILLION)
                    TABLE 79 HOUSEHOLD APPLIANCES: ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (KILOTONS)
                    TABLE 80 HOUSEHOLD APPLIANCES: ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (KILOTONS)
    9.6 OTHERS 
          TABLE 81 OTHERS: ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (USD MILLION)
          TABLE 82 OTHERS: ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (USD MILLION)
          TABLE 83 OTHERS: ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (KILOTONS)
          TABLE 84 OTHERS: ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (KILOTONS)
 
10 ELECTRICAL STEEL MARKET, BY REGION (Page No. - 119)
     10.1 INTRODUCTION 
             FIGURE 38 INDIA TO BE FASTEST-GROWING MARKET FOR ELECTRICAL STEEL DURING FORECAST PERIOD
             TABLE 85 ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (USD MILLION)
             TABLE 86 ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (USD MILLION)
             TABLE 87 ELECTRICAL STEEL MARKET, BY REGION, 2019–2021 (KILOTONS)
             TABLE 88 ELECTRICAL STEEL MARKET, BY REGION, 2022–2028 (KILOTONS)
     10.2 ASIA PACIFIC 
             FIGURE 39 ASIA PACIFIC: ELECTRICAL STEEL MARKET SNAPSHOT
             TABLE 89 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
             TABLE 90 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
             TABLE 91 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2021 (KILOTONS)
             TABLE 92 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY COUNTRY, 2022–2028 (KILOTONS)
             TABLE 93 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
             TABLE 94 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
             TABLE 95 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
             TABLE 96 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
             TABLE 97 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
             TABLE 98 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
             TABLE 99 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
             TABLE 100 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
             TABLE 101 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
             TABLE 102 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
             TABLE 103 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
             TABLE 104 ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.2.1 CHINA
                        10.2.1.1 Growing industrial activity to drive market
                                      TABLE 105 CHINA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 106 CHINA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 107 CHINA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 108 CHINA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 109 CHINA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 110 CHINA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 111 CHINA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 112 CHINA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 113 CHINA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 114 CHINA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 115 CHINA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 116 CHINA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILO TONS)
             10.2.2 INDIA
                        10.2.2.1 Rising demand from energy & power sector to drive market
                                      TABLE 117 INDIA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 118 INDIA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 119 INDIA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 120 INDIA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 121 INDIA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 122 INDIA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 123 INDIA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 124 INDIA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 125 INDIA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 126 INDIA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 127 INDIA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 128 INDIA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.2.3 JAPAN
                        10.2.3.1 Growing electronics and electric vehicle industries to drive market
                                      TABLE 129 JAPAN: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 130 JAPAN: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 131 JAPAN: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 132 JAPAN: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 133 JAPAN: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 134 JAPAN: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 135 JAPAN: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 136 JAPAN: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 137 JAPAN: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 138 JAPAN: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 139 JAPAN: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 140 JAPAN: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.2.4 SOUTH KOREA
                        10.2.4.1 High demand from manufacturing and power industries to drive market
                                      TABLE 141 SOUTH KOREA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 142 SOUTH KOREA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 143 SOUTH KOREA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 144 SOUTH KOREA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 145 SOUTH KOREA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 146 SOUTH KOREA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 147 SOUTH KOREA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 148 SOUTH KOREA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 149 SOUTH KOREA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 150 SOUTH KOREA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 151 SOUTH KOREA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 152 SOUTH KOREA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.2.5 REST OF ASIA PACIFIC
                        10.2.5.1 Increasing government initiatives for green technology major factor driving market
                                      TABLE 153 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 154 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 155 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 156 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 157 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (MILLION)
                                      TABLE 158 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (MILLION)
                                      TABLE 159 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 160 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 161 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 162 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 163 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 164 REST OF ASIA PACIFIC: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
     10.3 NORTH AMERICA 
             FIGURE 40 NORTH AMERICA: ELECTRICAL STEEL MARKET SNAPSHOT
             TABLE 165 NORTH AMERICA: ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
             TABLE 166 NORTH AMERICA: ELECTRICAL STEEL MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
             TABLE 167 NORTH AMERICA: ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2021 (KILOTONS)
             TABLE 168 NORTH AMERICA: ELECTRICAL STEEL MARKET, BY COUNTRY, 2022–2028 (KILOTONS)
             TABLE 169 NORTH AMERICA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
             TABLE 170 NORTH AMERICA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
             TABLE 171 NORTH AMERICA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
             TABLE 172 NORTH AMERICA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
             TABLE 173 NORTH AMERICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
             TABLE 174 NORTH AMERICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
             TABLE 175 NORTH AMERICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
             TABLE 176 NORTH AMERICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
             TABLE 177 NORTH AMERICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
             TABLE 178 NORTH AMERICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
             TABLE 179 NORTH AMERICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
             TABLE 180 NORTH AMERICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.3.1 US
                        10.3.1.1 Demand from manufacturing and automotive industries to drive market
                                      TABLE 181 US: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 182 US: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 183 US: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 184 US: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 185 US: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 186 US: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 187 US: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 188 US: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 189 US: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 190 US: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 191 US: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 192 US: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.3.2 CANADA
                        10.3.2.1 Establishment of new power plants and automobile manufacturing facilities to drive market
                                      TABLE 193 CANADA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 194 CANADA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 195 CANADA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 196 CANADA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 197 CANADA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 198 CANADA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 199 CANADA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 200 CANADA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 201 CANADA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 202 CANADA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 203 CANADA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 204 CANADA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.3.3 MEXICO
                        10.3.3.1 Fastest-growing automotive manufacturing cluster to drive market growth
                                      TABLE 205 MEXICO: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 206 MEXICO: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 207 MEXICO: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 208 MEXICO: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 209 MEXICO: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 210 MEXICO: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 211 MEXICO: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 212 MEXICO: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 213 MEXICO: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 214 MEXICO: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 215 MEXICO: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 216 MEXICO: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
     10.4 EUROPE 
             TABLE 217 EUROPE: ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
             TABLE 218 EUROPE: ELECTRICAL STEEL MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
             TABLE 219 EUROPE: ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2021 (KILOTONS)
             TABLE 220 EUROPE: ELECTRICAL STEEL MARKET, BY COUNTRY, 2022–2028 (KILOTONS)
             TABLE 221 EUROPE: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
             TABLE 222 EUROPE: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
             TABLE 223 EUROPE: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
             TABLE 224 EUROPE: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
             TABLE 225 EUROPE: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
             TABLE 226 EUROPE: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
             TABLE 227 EUROPE: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
             TABLE 228 EUROPE: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
             TABLE 229 EUROPE: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
             TABLE 230 EUROPE: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
             TABLE 231 EUROPE: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
             TABLE 232 EUROPE: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.4.1 GERMANY
                        10.4.1.1 Government support to boost electric vehicle market
                                      TABLE 233 GERMANY: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 234 GERMANY: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 235 GERMANY: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021(KILOTONS)
                                      TABLE 236 GERMANY: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 237 GERMANY: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021(USD MILLION)
                                      TABLE 238 GERMANY: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 239 GERMANY: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 240 GERMANY: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 241 GERMANY: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 242 GERMANY: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 243 GERMANY: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 244 GERMANY: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.4.2 UK
                        10.4.2.1 Growing electric vehicle penetration to meet vehicle emission targets
                                      TABLE 245 UK: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 246 UK: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 247 UK: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 248 UK: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 249 UK: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 250 UK: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 251 UK: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 252 UK: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 253 UK: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 254 UK: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 255 UK: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 256 UK: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.4.3 FRANCE
                        10.4.3.1 Growing consumption of electrical steel in electricity generation to drive demand
                                      TABLE 257 FRANCE: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 258 FRANCE: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 259 FRANCE: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 260 FRANCE: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 261 FRANCE: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 262 FRANCE: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 263 FRANCE: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 264 FRANCE: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 265 FRANCE: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 266 FRANCE: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 267 FRANCE: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 268 FRANCE: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.4.4 RUSSIA
                        10.4.4.1 Energy industry to be major contributor to market growth
                                      TABLE 269 RUSSIA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 270 RUSSIA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 271 RUSSIA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 272 RUSSIA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 273 RUSSIA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 274 RUSSIA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 275 RUSSIA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 276 RUSSIA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 277 RUSSIA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 278 RUSSIA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 279 RUSSIA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 280 RUSSIA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.4.5 REST OF EUROPE
                        10.4.5.1 Increasing investments for renovation and upgradation of grid infrastructure and rising demand for electronics to drive market growth
                                      TABLE 281 REST OF EUROPE: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 282 REST OF EUROPE: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 283 REST OF EUROPE: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 284 REST OF EUROPE: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 285 REST OF EUROPE: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 286 REST OF EUROPE: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 287 REST OF EUROPE: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 288 REST OF EUROPE: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 289 REST OF EUROPE: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 290 REST OF EUROPE: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 291 REST OF EUROPE: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 292 REST OF EUROPE: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
     10.5 MIDDLE EAST & AFRICA 
             TABLE 293 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
             TABLE 294 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
             TABLE 295 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2021 (KILOTONS)
             TABLE 296 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY COUNTRY, 2022–2028 (KILOTONS)
             TABLE 297 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
             TABLE 298 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
             TABLE 299 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
             TABLE 300 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
             TABLE 301 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
             TABLE 302 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
             TABLE 303 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
             TABLE 304 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
             TABLE 305 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
             TABLE 306 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
             TABLE 307 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
             TABLE 308 MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.5.1 SOUTH AFRICA
                        10.5.1.1 Increasing demand from power sector to drive market
                                      TABLE 309 SOUTH AFRICA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 310 SOUTH AFRICA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 311 SOUTH AFRICA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 312 SOUTH AFRICA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 313 SOUTH AFRICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 314 SOUTH AFRICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 315 SOUTH AFRICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 316 SOUTH AFRICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 317 SOUTH AFRICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 318 SOUTH AFRICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 319 SOUTH AFRICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 320 SOUTH AFRICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.5.2 SAUDI ARABIA
                        10.5.2.1 Growth of industrial, agricultural, and construction sectors to fuel market
                                      TABLE 321 SAUDI ARABIA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 322 SAUDI ARABIA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 323 SAUDI ARABIA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 324 SAUDI ARABIA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 325 SAUDI ARABIA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 326 SAUDI ARABIA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 327 SAUDI ARABIA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 328 SAUDI ARABIA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 329 SAUDI ARABIA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 330 SAUDI ARABIA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 331 SAUDI ARABIA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 332 SAUDI ARABIA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.5.3 EGYPT
                        10.5.3.1 Increasing investments in energy sector to drive market
                                      TABLE 333 EGYPT: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 334 EGYPT: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 335 EGYPT: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 336 EGYPT: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 337 EGYPT: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 338 EGYPT: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 339 EGYPT: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 340 EGYPT: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 341 EGYPT: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 342 EGYPT: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 343 EGYPT: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 344 EGYPT: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.5.4 QATAR
                        10.5.4.1 Significant growth of power sector to drive market
                                      TABLE 345 QATAR: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 346 QATAR: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 347 QATAR: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 348 QATAR: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 349 QATAR: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 350 QATAR: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 351 QATAR: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 352 QATAR: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 353 QATAR: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 354 QATAR: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 355 QATAR: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 356 QATAR: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.5.5 REST OF MIDDLE EAST & AFRICA
                        10.5.5.1 Growing end-use industries to drive market
                                      TABLE 357 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 358 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 359 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 360 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 361 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 362 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 363 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 364 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 365 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 366 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 367 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 368 REST OF MIDDLE EAST & AFRICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
     10.6 SOUTH AMERICA 
             TABLE 369 SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
             TABLE 370 SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY COUNTRY, 2022–2028 (USD MILLION)
             TABLE 371 SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY COUNTRY, 2019–2021 (KILOTONS)
             TABLE 372 SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY COUNTRY, 2022–2028 (KILOTONS)
             TABLE 373 SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
             TABLE 374 SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
             TABLE 375 SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
             TABLE 376 SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
             TABLE 377 SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
             TABLE 378 SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
             TABLE 379 SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
             TABLE 380 SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
             TABLE 381 SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
             TABLE 382 SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
             TABLE 383 SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
             TABLE 384 SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.6.1 BRAZIL
                        10.6.1.1 Automotive and energy industries to fuel market
                                      TABLE 385 BRAZIL: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 386 BRAZIL: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 387 BRAZIL: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 388 BRAZIL: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 389 BRAZIL: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 390 BRAZIL: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 391 BRAZIL: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 392 BRAZIL: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 393 BRAZIL: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 394 BRAZIL: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 395 BRAZIL: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 396 BRAZIL: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.6.2 ARGENTINA
                        10.6.2.1 Renewable energy initiatives to boost market
                                      TABLE 397 ARGENTINA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 398 ARGENTINA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 399 ARGENTINA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 400 ARGENTINA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 401 ARGENTINA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 402 ARGENTINA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 403 ARGENTINA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 404 ARGENTINA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 405 ARGENTINA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 406 ARGENTINA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 407 ARGENTINA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 408 ARGENTINA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.6.3 CHILE
                        10.6.3.1 Increasing smart grid expansions to drive demand for power transformers and motors
                                      TABLE 409 CHILE: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 410 CHILE: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 411 CHILE: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 412 CHILE: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 413 CHILE: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 414 CHILE: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 415 CHILE: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 416 CHILE: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 417 CHILE: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 418 CHILE: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 419 CHILE: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 420 CHILE: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.6.4 PERU
                        10.6.4.1 Significant investments in energy sector to fuel demand
                                      TABLE 421 PERU: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 422 PERU: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 423 PERU: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 424 PERU: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 425 PERU: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 426 PERU: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 427 PERU: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 428 PERU: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 429 PERU: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 430 PERU: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 431 PERU: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 432 PERU: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
             10.6.5 REST OF SOUTH AMERICA
                        10.6.5.1 Economic growth of countries in region to drive market
                                      TABLE 433 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (USD MILLION)
                                      TABLE 434 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (USD MILLION)
                                      TABLE 435 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY TYPE, 2019–2021 (KILOTONS)
                                      TABLE 436 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY TYPE, 2022–2028 (KILOTONS)
                                      TABLE 437 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
                                      TABLE 438 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (USD MILLION)
                                      TABLE 439 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2019–2021 (KILOTONS)
                                      TABLE 440 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY APPLICATION, 2022–2028 (KILOTONS)
                                      TABLE 441 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (USD MILLION)
                                      TABLE 442 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (USD MILLION)
                                      TABLE 443 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2019–2021 (KILOTONS)
                                      TABLE 444 REST OF SOUTH AMERICA: ELECTRICAL STEEL MARKET, BY END-USE INDUSTRY, 2022–2028 (KILOTONS)
 
11 COMPETITIVE LANDSCAPE (Page No. - 242)
     11.1 OVERVIEW 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             FIGURE 41 COMPANIES ADOPTED PARTNERSHIPS AS KEY GROWTH STRATEGY, 2017–2023
             TABLE 445 STRATEGIC POSITIONING OF KEY PLAYERS
     11.3 REVENUE ANALYSIS OF TOP MARKET PLAYERS 
             FIGURE 42 REVENUE ANALYSIS FOR KEY COMPANIES IN ELECTRICAL STEEL MARKET
     11.4 MARKET SHARE ANALYSIS 
             TABLE 446 MARKET SHARES OF KEY PLAYERS
             FIGURE 43 SHARE OF LEADING COMPANIES IN ELECTRICAL STEEL MARKET
     11.5 COMPANY EVALUATION MATRIX 
             FIGURE 44 ELECTRICAL STEEL MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2022
             11.5.1 STARS
             11.5.2 PERVASIVE PLAYERS
             11.5.3 EMERGING LEADERS
             11.5.4 PARTICIPANTS
     11.6 COMPETITIVE BENCHMARKING 
             TABLE 447 ELECTRICAL STEEL MARKET: DETAILED LIST OF KEY STARTUP/SMES
             TABLE 448 ELECTRICAL STEEL MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS
     11.7 COMPETITIVE LEADERSHIP MAPPING OF SMES (SMALL AND MEDIUM-SIZED ENTERPRISES) 
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 RESPONSIVE COMPANIES
             11.7.3 STARTING BLOCKS
             11.7.4 DYNAMIC COMPANIES
                        FIGURE 45 COMPETITIVE LEADERSHIP MAPPING OF SMES (SMALL AND MEDIUM-SIZED ENTERPRISES), 2022
     11.8 COMPETITIVE SCENARIOS 
             11.8.1 DEALS
                        TABLE 449 DEALS, 2018– 2023
             11.8.2 OTHERS
                        TABLE 450 OTHERS, 2018–2023
 
12 COMPANY PROFILES (Page No. - 262)
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
     12.1 KEY PLAYERS 
             12.1.1 ARCELORMITTAL
                        TABLE 451 ARCELORMITTAL: COMPANY OVERVIEW
                        FIGURE 46 ARCELORMITTAL: COMPANY SNAPSHOT
                        TABLE 452 ARCELORMITTAL: DEALS
                        TABLE 453 ARCELORMITTAL: PRODUCT LAUNCHES
                        TABLE 454 ARCELORMITTAL: OTHERS
             12.1.2 CHINA BAOWU STEEL GROUP CORPORATION
                        TABLE 455 CHINA BAOWU STEEL GROUP CORPORATION: COMPANY OVERVIEW
                        FIGURE 47 CHINA BAOWU STEEL GROUP CORPORATION: COMPANY SNAPSHOT
                        TABLE 456 CHINA BAOWU STEEL GROUP CORPORATION: DEALS
                        TABLE 457 CHINA BAOWU STEEL GROUP CORPORATION: PRODUCT LAUNCHES
             12.1.3 POSCO
                        TABLE 458 POSCO: COMPANY OVERVIEW
                        FIGURE 48 POSCO: COMPANY SNAPSHOT
                        TABLE 459 POSCO: DEALS
                        TABLE 460 POSCO: PRODUCT LAUNCHES
                        TABLE 461 POSCO: OTHERS
             12.1.4 VOESTALPINE AG
                        TABLE 462 VOESTALPINE AG: COMPANY OVERVIEW
                        FIGURE 49 VOESTALPINE AG: COMPANY SNAPSHOT
                        TABLE 463 VOESTALPINE AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 464 VOESTALPINE AG: PRODUCT LAUNCHES
                        TABLE 465 VOESTALPINE AG: OTHERS
             12.1.5 NIPPON STEEL CORPORATION
                        TABLE 466 NIPPON STEEL CORPORATION: COMPANY OVERVIEW
                        FIGURE 50 NIPPON STEEL CORPORATION: COMPANY SNAPSHOT
                        TABLE 467 NIPPON STEEL CORPORATION: DEALS
                        TABLE 468 NIPPON STEEL CORPORATION: OTHERS
             12.1.6 UNITED STATES STEEL CORPORATION
                        TABLE 469 UNITED STATES STEEL CORPORATION: COMPANY OVERVIEW
                        FIGURE 51 UNITED STATES STEEL CORPORATION: COMPANY SNAPSHOT
                        TABLE 470 UNITED STATES STEEL CORPORATION: DEALS
                        TABLE 471 UNITED STATES STEEL CORPORATION: PRODUCT LAUNCHES
                        TABLE 472 UNITED STATES STEEL CORPORATION: OTHERS
             12.1.7 STEEL AUTHORITY OF INDIA LIMITED
                        TABLE 473 STEEL AUTHORITY OF INDIA LIMITED: COMPANY OVERVIEW
                        FIGURE 52 STEEL AUTHORITY OF INDIA LIMITED: COMPANY SNAPSHOT
                        TABLE 474 STEEL AUTHORITY OF INDIA LIMITED: DEALS
                        TABLE 475 STEEL AUTHORITY OF INDIA LIMITED: OTHERS
             12.1.8 TATA STEEL LIMITED
                        TABLE 476 TATA STEEL LIMITED: COMPANY OVERVIEW
                        FIGURE 53 TATA STEEL LIMITED: COMPANY SNAPSHOT
                        TABLE 477 TATA STEEL LIMITED: DEALS
                        TABLE 478 TATA STEEL LIMITED: OTHERS
             12.1.9 THYSSENKRUPP AG
                        TABLE 479 THYSSENKRUPP AG: COMPANY OVERVIEW
                        FIGURE 54 THYSSENKRUPP AG: COMPANY SNAPSHOT
                        TABLE 480 THYSSENKRUPP AG: OTHERS
             12.1.10 JFE STEEL CORPORATION
                        TABLE 481 JFE STEEL CORPORATION: COMPANY OVERVIEW
                        FIGURE 55 JFE STEEL CORPORATION: COMPANY SNAPSHOT
                        TABLE 482 JFE STEEL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 483 JFE STEEL CORPORATION: DEALS
                        TABLE 484 JFE STEEL CORPORATION: PRODUCT LAUNCHES
                        TABLE 485 JFE STEEL CORPORATION: OTHERS
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     12.2 OTHER PLAYERS 
             12.2.1 CLEVELAND-CLIFFS INC.
                        TABLE 486 CLEVELAND-CLIFFS INC.: COMPANY OVERVIEW
             12.2.2 HEBEI PUYANG IRON AND STEEL GROUP
                        TABLE 487 HEBEI PUYANG IRON AND STEEL GROUP: COMPANY OVERVIEW
             12.2.3 JIANGSU SHAGANG INTERNATIONAL TRADE CO. LTD
                        TABLE 488 JIANGSU SHAGANG INTERNATIONAL TRADE CO. LTD: COMPANY OVERVIEW
             12.2.4 CHINA STEEL CORPORATION
                        TABLE 489 CHINA STEEL CORPORATION: COMPANY OVERVIEW
             12.2.5 JSW STEEL
                        TABLE 490 JSW STEEL: COMPANY OVERVIEW
             12.2.6 LEICONG INDUSTRIAL CO. LTD
                        TABLE 491 LEICONG INDUSTRIAL CO. LTD: COMPANY OVERVIEW
             12.2.7 ANGANG STEEL COMPANY LIMITED
                        TABLE 492 ANGANG STEEL COMPANY LIMITED: COMPANY OVERVIEW
             12.2.8 APERAM S.A.
                        TABLE 493 APERAM S.A.: COMPANY OVERVIEW
             12.2.9 ALLEGHENY TECHNOLOGIES
                        TABLE 494 ALLEGHENY TECHNOLOGIES: COMPANY OVERVIEW
             12.2.10 UNION ELECTRIC STEEL CORPORATION
                        TABLE 495 UNION ELECTRIC STEEL CORPORATION: COMPANY OVERVIEW
             12.2.11 EURO-MIT STAAL B.V.
                        TABLE 496 EURO-MIT STAAL B.V.: COMPANY OVERVIEW
             12.2.12 TC METAL
                        TABLE 497 TC METAL: COMPANY OVERVIEW
             12.2.13 VESUVIUS PLC
                        TABLE 498 VESUVIUS PLC: COMPANY OVERVIEW
             12.2.14 FERRIC SRL
                        TABLE 499 FERRIC SRL: COMPANY OVERVIEW
             12.2.15 WAELZHOLZ GMBH & CO.
                        TABLE 500 WAELZHOLZ GMBH & CO.: COMPANY OVERVIEW
 
13 ADJACENT & RELATED MARKETS (Page No. - 313)
     13.1 INTRODUCTION 
     13.2 LIMITATIONS 
     13.3 IRON & STEEL MARKET 
             13.3.1 MARKET DEFINITION
             13.3.2 MARKET OVERVIEW
     13.4 IRON & STEEL MARKET, BY TYPE 
             TABLE 501 IRON & STEEL MARKET, BY TYPE, 2020–2027 (USD BILLION)
             TABLE 502 IRON & STEEL MARKET SIZE, BY TYPE, 2020–2027 (MILLION TONS)
     13.5 IRON & STEEL MARKET, BY PRODUCTION TECHNOLOGY 
             TABLE 503 IRON & STEEL MARKET, BY PRODUCTION TECHNOLOGY, 2020–2027 (USD BILLION)
             TABLE 504 IRON & STEEL MARKET, BY PRODUCTION TECHNOLOGY, 2020–2027 (MILLION TONS)
     13.6 IRON & STEEL MARKET, BY END-USE INDUSTRY 
             TABLE 505 IRON & STEEL MARKET, BY END-USE INDUSTRY, 2020–2027 (USD BILLION)
             TABLE 506 IRON & STEEL MARKET, BY END-USE INDUSTRY, 2020–2027 (MILLION TONS)
     13.7 IRON & STEEL MARKET, BY REGION 
             TABLE 507 IRON & STEEL MARKET, BY REGION, 2020–2027 (USD BILLION)
             TABLE 508 IRON & STEEL MARKET, BY REGION, 2020–2027 (MILLION TONS)
 
14 APPENDIX (Page No. - 318)
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.3 CUSTOMIZATION OPTIONS 
     14.4 RELATED REPORTS 
     14.5 AUTHOR DETAILS 

This research involved the use of extensive secondary sources and databases, such as Factiva and Bloomberg, to identify and collect information useful for a technical and market-oriented study of the flexible packing market. Primary sources included industry experts from related industries and preferred suppliers, manufacturers, distributors, technologists, standards & certification organizations, and organizations related to all segments of the value chain of this industry. In-depth interviews have been conducted with various primary respondents, such as key industry participants, subject matter experts (SMEs), executives of key companies, and industry consultants, to obtain and verify critical qualitative and quantitative information as well as to assess growth prospects.

Secondary Research

In the secondary research process, various sources such as annual reports, press releases, and investor presentations of companies, white papers, and publications from recognized websites and databases have been referred to for identifying and collecting information. Secondary research has been used to obtain key information about the industry's supply chain, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from both market-and technology-oriented perspectives.

Primary Research

The electrical steel market comprises several stakeholders in the supply chain, which include suppliers, processors, and end-product manufacturers. Various primary sources from the supply and demand sides of the markets have been interviewed to obtain qualitative and quantitative information. The primary participants from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies in the electrical steel market. Primary sources from the supply side include associations and institutions involved in the electrical steel industry, key opinion leaders, and processing players.

Following is the breakdown of primary respondents

Electrical Steel Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the global electrical steel market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry were identified through extensive secondary research.
  • The supply chain of the industry and market size, in terms of value, were determined through primary and secondary research.
  • All percentage share split, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of key industry players, along with extensive interviews with key officials, such as directors and marketing executives.

Market Size Estimation: Bottom-Up Approach and Top-Down Approach

Data Triangulation

After arriving at the total market size from the estimation process explained above, the overall market was split into several segments and subsegments. To complete the overall market size estimation process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size has been validated by using both the top-down and bottom-up approaches.

Market Definition

The electrical steel industry refers to the market for specialty steel products that are designed to have specific magnetic properties, making them ideal for use in a wide range of electrical applications. Electrical steel is a type of ferromagnetic material composed of iron and varying amounts of silicon, typically between 1% and 6.5%. The addition of silicon to iron helps to reduce heat dissipation and minimize energy wastage in electrical devices. Electrical steel is also known as transformer steel or silicon steel.

The unique properties of electrical steel, including low core loss and high permeability, depend on the proportion of silicon added. The most commonly used electrical steel contains around 3-5% silicon, as higher silicon content can make the material too brittle for cold rolling. However, electrical steel with 6.5% silicon has the best magnetic and electrical properties, although additional thermomechanical processes are required to overcome its brittleness and limited ductility.

Electrical steel is primarily produced in the form of cold-rolled strips with a thickness of less than 2mm. It is used in a variety of electrical applications, including transformers, electric motors, generators, and consumer electronics. The electrical steel industry encompasses a range of companies involved in the production, processing, and distribution of these specialized steel products, driven by demand from various end-use sectors such as power generation and automotive.

Key Stakeholders

  • Raw Material Suppliers and Producers
  • Electrical Steel Manufacturers, Dealers, and Suppliers
  • Regulatory Bodies
  • Electrical Steel Distributors/Suppliers
  • Local Governments
  • Industry Associations
  • Investment Banks
  • Consulting Companies/Consultants in the Steel and Metal Sectors
  • Raw Material Providers
  • Steel Fabricators and Suppliers

Report Objectives

  • To define, describe, and forecast the global  electrical steel market in terms of value
  • To provide insights regarding the significant factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To analyze and forecast the market based on type, region, and end-use application.
  • To forecast the market size, in terms of value, with respect to five main regions: North America, Europe, South America, Asia Pacific, Middle East & Africa.
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape
  • To strategically profile key players in the market
  • To analyze competitive developments in the market, such as new product launches, capacity expansions, and mergers & acquisitions
  • To strategically profile the leading players and comprehensively analyze their key developments in the market

Available Customizations:

Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:

Product Analysis:

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis:

  • Further breakdown of the Rest of the Asia Pacific  electrical steel market
  • Further breakdown of the Rest of Europe's  electrical steel market

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
MM 5145
Published ON
May, 2023
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