Global Electrical Steel Coatings
Market Report
2025
As per Cognitive Market Research's latest published report, the Global Electrical Steel Coatings market size will be USD 366.27 Million by 2028. Electrical Steel Coatings Industry's Compound Annual Growth Rate will be 5.16% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Electrical Steel Coatings market size will be USD 366.27 Million by 2028. Electrical Steel Coatings Industry's Compound Annual Growth Rate will be 5.16% from 2023 to 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Electrical Steel Coatings Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 5.16% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Product Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Electrical Steel Coatings industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Electrical Steel Coatings Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Electrical steel is also referred to as silicon steel because silicon is the primary addicting ingredient. Electrical steel coatings are pigmented coatings that insulate motor and generator silicon steel sheets. A material that can be magnetized and demagnetized is required to assure the efficiency of motors or generators. This condition is completely met by electrical steel.
In transformers, generators, and motors, electrical steel is commonly utilized. There are two types of electrical steels: grain-oriented and non-oriented electrical steels. Grain-oriented electrical steel (GOES) is a kind of cold-rolled electrical steel that contains 3% silicon and is used in the core of transformers. Non-oriented electrical steel has a cubic texture, which is commonly used in motors and generators.
Electrical steel coatings are required for the construction of the magnetizable core. The coating's main purpose is to insulate the electrical steel sheets, preventing electricity leakage and reducing eddy current. Electrical steel coatings also serve to improve the life of the essential punching tools. On the market, there are numerous varieties of electrical steel coatings, including chrome-free, chrome-containing, formaldehyde-free, and MgO.
Electrical steel coatings are done in the form of lamination, sheet, wrap, and others. This coating is widely used in automobile electrification. Hence, with the rising electric vehicle industry, there is high demand for electrical steel coatings.
One of the important factors that help to grow the developing countries is industrialization. The industrialization of developing countries involves the global shifting of environmentally destructive industries from developed to developing countries. There are some factors that support the market to increase the growth ratio. Among them, one factor is geographical region which plays an important role in any market growth. Developing countries, also known as emerging markets, are creating huge opportunities for global growth.
Additionally, growth in emerging economies can be attributed to rapid urbanization. Industrialization occurs mainly in or near cities, which have infrastructure such as air, rail, and water transportation, and a supply of labor. Moreover, the government of these countries is taking initiatives to develop various power systems which is expected to drive various end-use industries. Furthermore, growing concerns regarding prices are expected to encourage companies to adopt cost-effective measures in their industrial activities
Power and distribution transformers play a vital role in the industrial sector such as the automobile industry, electrochemical industry, steel manufacturing industry, etc. It ensures appropriate, safe, and careful usage of the power supply and eliminates unnecessary power issues. Moreover, the increasing demand for renewable energy and efficient transformers and high-performance generators is also creating the corridor for the electrical steel strip.
The electrical steel coatings are the substances/pigments which provide the insulation and also ensure the efficiency of transformers, motors, or generators. It also helps to serve to lengthen the shelf-life of products. Hence, growing industrialization is driving the growth of the electrical steel coatings market.
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Axalta Coating System specializes in offering energy and coating solutions in the market. The company has wide range product portfolio, which includes wire enamels, impregnating resin, electrical steel coating. These products are used as insulation materials for motors, transformer and other products.
Axalta has engaged in partnership with Anhui Shengran Insulating Materials Co. Ltd to expand its energy solution product portfolio in the market and accelerated the value of technological solution, coating and other.
ThyssenKrupp Europe is engaged in the manufacturing of high-tech steel products used for coating and processing application. The company built modern facilities for production of portfolio. The products included in the portfolio are blue mint, hot strip, precision strip, electrical steel strips, packaging steel, sheet or coated products, composite, and byproducts. Additionally, the company is known for supplying its carbon steel product line across several regions.
Top Companies Market Share in Electrical Steel Coatings Industry: (In no particular order of Rank)
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The regional analysis offers Electrical Steel Coatings market size, share and a detailed analysis for each region. This quantitative as well as qualitative information is crucial for new entrants along with companies operating in Electrical Steel Coatings market . Electrical Steel Coatings market production and consumption can vary significantly from one region to another owing to factors such as, the availability of raw materials, regulatory environments, and others.
The current report Scope analyzes Electrical Steel Coatings Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Electrical Steel Coatings Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Electrical Steel Coatings Industry growth. Electrical Steel Coatings market has been segmented with the help of its Product Type, Application , and others. Electrical Steel Coatings market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Chrome-free Market Share in Electrical Steel Coatings market was USD 288.49 Million by 2028.
The chromium-free coating is a one-component coating that can be diluted with water. This coating offers superior corrosion resistance, interlayer electrical resistance, substrate adhesion, and resistance to cutting-edge rusting. The newly developed Chrome-free coatings C6N8-G and C6NM have increased performance.
For decades, a chrome-containing electrical steel coating has been the standard. Cr-containing coatings remain the most used electric steel coatings because of their excellent corrosion-inhibiting and self-healing properties.
Several companies are now developing formaldehyde-free electrical steel varnish. These formaldehyde-free electrical steel coatings are intended for use in particular applications such as large hydro and turbo generators that do not require formaldehyde degassing. Large generators benefit from the coating, which makes maintenance easier.
Magnesium coatings, which are mostly made of magnesium oxide and magnesium hydroxide, are widely employed as a separator coating on electrical steel during high-temperature annealing to keep coil laps from adhering together. Magnesia is commonly employed as a separator in the high-temperature annealing of electrical steels following cold rolling. After decarburizing, the coating is generally applied and forms a glass layer during the final high-temperature anneal.
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The Transformer segment Revenue in Electrical Steel Coatings market is anticipated to reach USD 212.83 Million by 2028.
Transformer components are made of electrical steel. Grain-oriented electrical steel (GOES) is a type of cold-rolled electrical steel coating used in the core of transformers. Electrical steel is the fundamental core material of distribution transformers, power transformers, and miniature transformers in the form of laminated, wrapped or punched sheets. Electrical steel coatings in transformers assist to minimize energy consumption and greenhouse gas emissions.
Non-oriented electrical steel (NO) is a popular motor core material because it is cost-effective and fits the demands of high-efficiency, high-power motors. Electrical steel coatings are pigmented coatings that insulate motors' silicon steel sheets. They assist in minimizing eddy current and energy loss in magnetic cores by raising the resistance between laminates, and they help to enhance the electrical efficiency of electrical motors after they are applied.
Electrical steel coatings are also used for generators. Non-oriented electrical steel used in generators. Generators use isotropic sheets of silicon steel where the flux direction varies continually during operation.
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | Chrome free, Chrome containing, Formaldehyde free, MgO |
Application | Transformer, Motor, Others |
List of Competitors | Axalta Coating Systems, Thyssenkrupp, Rembrandtin Lack GmbH, AK Steel Holding Corporation, Cogent Power Limited, Chemetall, ArcelorMittal, JFE Steel Corporation, Filtra Catalysts and Chemicals, Polaris Laser Lamination, Wuhan Iron & Steel, Proto Laminations |
This chapter will help you gain GLOBAL Market Analysis of Electrical Steel Coatings. Further deep in this chapter, you will be able to review Global Electrical Steel Coatings Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Electrical Steel Coatings. Further deep in this chapter, you will be able to review North America Electrical Steel Coatings Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Electrical Steel Coatings. Further deep in this chapter, you will be able to review Europe Electrical Steel Coatings Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Electrical Steel Coatings. Further deep in this chapter, you will be able to review Asia Pacific Electrical Steel Coatings Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Electrical Steel Coatings. Further deep in this chapter, you will be able to review South America Electrical Steel Coatings Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Electrical Steel Coatings. Further deep in this chapter, you will be able to review Middle East Electrical Steel Coatings Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Electrical Steel Coatings. Further deep in this chapter, you will be able to review Middle East Electrical Steel Coatings Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Electrical Steel Coatings. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Electrical Steel Coatings market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Chrome free have a significant impact on Electrical Steel Coatings market? |
What are the key factors affecting the Chrome free and Chrome containing of Electrical Steel Coatings Market? |
What is the CAGR/Growth Rate of Transformer during the forecast period? |
By type, which segment accounted for largest share of the global Electrical Steel Coatings Market? |
Which region is expected to dominate the global Electrical Steel Coatings Market within the forecast period? |
Segmentation Level Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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