Global and China Silicon Steel Grade Magnesium Oxide Market Insights, Forecast to 2027

Grain oriented electrical steels (GOES) are iron-silicon alloys that were developed to provide the low core loss and high permeability required for efficient and economical electrical transformers. GOES is the most energy efficient electrical steel and used in transformers where energy conservation is critical. High-purity active magnesium oxide is used to form insulating “glass” layer of oriented grain on silicon steel (transformer steel) surface and give special electromagnetic properties to steel.

This is achieved by coating steel surface with aqueous slurry of magnesium oxide which reacts with silicon on steel surface during high-temperature annealing until transparent layer of magnesium silicate. Magnesium oxide shall have a high degree of purity and contain very low level of elements such as chlorine, bromine, calcium, fluorine and sodium which can form an unacceptably high electrical conductivity of insulating layer. Magnesium oxide shall also have a very small particle size to obtain slurry which is stable and has desired characteristics of coating.
In 2019, the global silicon steel grade magnesium oxide market is led by China. Europe is the second-largest region-wise market. The global silicon steel grade magnesium oxide market is growing at a CAGR of 2.49% between 2020 and 2026.
The concentration of this industry is relatively high. Tateho Chemical, Shanxi Yinsheng Technology, ICL-IP, Shanghai SIIC Zhentai Chemical and Meishen Technology are the main players in this industry. Among them, Tateho Chemical is considered to be the leader of the global market, occupying 19% of the global market share.
Special magnesium oxide is widely used. The main applications are oriented silicon steel, catalyst, pharmaceutical industry, food industry, cosmetic raw materials, plastic additives, rubber additives, electrode materials, glass substrate materials and some high-end materials. The electrician magnesium and oriented silicon steel industry are the main applications.

Market Analysis and Insights: Global and China Silicon Steel Grade Magnesium Oxide Market
This report focuses on global and China Silicon Steel Grade Magnesium Oxide market.
In 2020, the global Silicon Steel Grade Magnesium Oxide market size was US$ 95 million and it is expected to reach US$ 113 million by the end of 2027, with a CAGR of 2.5% during 2021-2027. In China the Silicon Steel Grade Magnesium Oxide market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Silicon Steel Grade Magnesium Oxide Scope and Market Size
Silicon Steel Grade Magnesium Oxide market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Silicon Steel Grade Magnesium Oxide market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For China market, this report focuses on the Silicon Steel Grade Magnesium Oxide market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in China.

Segment by Type
98% Purity Silicon Steel Grade Magnesium Oxide
99% Purity Silicon Steel Grade Magnesium Oxide

Segment by Application
High Magnetic Strength Electrical Steel
Conventional Electrical Steel
Domain Refinement Electrical Steel

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
Tateho Chemical
Shanxi Yinsheng Technology
ICL-IP
Shanghai SIIC Zhentai Chemical
Meishen Technology
JSC Kaustik
Martin Marietta Magnesia Specialties
Konoshima Chemical