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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Magnetic steel sheet, also known as silicon steel, is a type of steel that is alloyed with a small amount of silicon and other elements. It is often used in electrical applications because of its low electrical resistivity, which makes it highly resistant to electrical current. Its magnetic properties also make it a highly sought-after material in the electrical industry.
The addition of silicon to steel improves its mechanical properties, making it more resistant to corrosion, heat, and abrasion. Its high magnetic permeability makes it an ideal material for applications in motors and generators. The steel sheet is also used in electrical transformers and magnetic shields.
The sheet is produced by hot-rolling or cold-rolling the steel and then annealing it, which removes internal stresses and further hardens the material. This process also increases the magnetic permeability of the steel sheet. The sheet is then laminated with a thin layer of insulating material to protect against electrical interference.
The sheet can be produced in a range of sizes and thicknesses, depending on the application. It is also available in a variety of grades, with each grade having a different maximum operating temperature. Magnetic steel sheet is also available in a range of finishes, such as galvanized or painted.
In applications where high electrical and magnetic properties are required, magnetic steel sheets are often the material of choice. Its low electrical and magnetic resistivity, combined with its corrosion, heat, and abrasion resistance, make it an ideal material for a variety of electrical applications.
The Global magnetic steel sheet market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Magnetic steel sheet is a type of sheet metal that has been treated with a surface coating of magnetic material such as ferrite, nickel, or cobalt. This coating allows the sheet to be magnetically attracted to other metallic objects, making it extremely useful in a variety of applications.
Recently, several companies have launched new products and services related to magnetic steel sheets. One of the most prominent of these is Electrolux, which recently launched a series of stainless steel refrigerator/freezer doors and drawers using magnetic steel sheets.
The magnetic material is applied to the exterior of the doors and drawers, allowing them to be easily opened and closed without the need for handles or knobs. This makes them easy to clean and can help save space in tight spaces.
ArcelorMittal, a leading steel producer, has also recently released a line of magnetic steel sheets for use in various industrial applications. These sheets are designed to be used in a variety of applications, from automotive and aerospace to medical and industrial uses.
The sheets offer high levels of corrosion resistance and can be easily shaped into various forms and shapes. Additionally, the sheets are designed to have a uniform thickness throughout and are designed to be welded and cut with ease.
ThyssenKrupp, a German steel manufacturer, has also recently released a series of magnetic steel sheets for use in construction applications.
These sheets are designed to be highly durable and are designed to withstand extreme temperatures and environmental conditions. Additionally, the sheets are designed to be cut and welded with ease and are designed to be easily shaped into various forms.
Finally, Nippon Steel Corporation has recently launched a new line of magnetic steel sheets for use in a variety of industrial applications. The sheets are designed to be highly resistant to corrosion, are heat resistant, and can be easily cut and welded.
Additionally, the sheets are designed to be easily shaped into various forms and shapes, allowing them to be used in a variety of applications.
Overall, the recent launches of new products and services related to magnetic steel sheets have made it easier and more cost effective to use this material in a variety of applications. As these products and services become more accessible, it is likely that magnetic steel sheets will become more widely used in many different industries.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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