Grain oriented electrical steel market will keep growing at the CAGR of 1.78 % from 2017 to 2025

The worldwide market for grain oriented electrical steel is expected to grow at a CAGR of roughly 1.78 % over the next five years, will reach $7.270 B in 2024, from $6.59 B in 2019, according to a new study by Absolute Reports.

In the past five years from 2012-2016, because of European debt crisis and complex international economic situation, grain oriented electrical steel industry only developed at a low growth rate. But in Asia, especially in China and India, grain oriented electrical steel industry developed at a higher growth rate. In the next five years (2017-2025), grain oriented electrical steel industry will keep growing with the CAGR of 1.78 % growth rate.

Ther key players on the market are: Baowu Group, NSSMC, AK Steel, ThyssenKrupp, NLMK Group, JFE Steel, Posco, ArcelorMittal, Ansteel, Shougang, Stalprodukt S.A., Cogent (Tata Steel), ATI.

The regions covered in this report are: North America, Asia and Asia-Pacific, Latin America, Middle East and Africa

Source: Livonia Post