U.S. Electrical Steel Market
U.S. Electrical Steel Market Analysis By Product Type, By Application, By End-Use & By Region – Global Market Insights 2022 to 2032
Analysis of U.S. Electrical Steel market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
U.S. Electrical Steel Industry Outlook (2022 to 2032)
The U.S. electrical steel arcade is estimated to cross US$ 7.3 billion in revenue by the end of 2032, up from a valuation of US$ 3.7 billion in 2022.
The market witnessed 5% historic growth rate from 2017 to 2021; however, it is predicted to rise faster at 7.1% CAGR during the forecast years of 2022 to 2032..
| Report Attributes | Details |
|---|---|
| U.S. Market Size (2021A) | US$ 3.5 Billion |
| Estimated Market Value (2022E) | US$ 3.7 Billion |
| Forecasted Market Value (2032F) | US$ 7.3 Billion |
| U.S. Market Growth Rate (2022 to 2032) | 7.1% CAGR |
| South-West U.S. Market Share (2021) | ~25.7% |
| South-West U.S. Growth Rate (2022 to 2032) | ~7.4% CAGR |
| Market Share of Top 5 Companies | ~33% |
| Key Companies Profiled | AK Steel Holding Corporation; Allegheny Technologies, Inc.; United States Steel Corporation; Cleveland-Cliffs, Inc.; Arnold Medical Technologies; Big River Steel (BRS); Continental Steel & Tube Co.; Johnson Bros. Metal Forming Co.; AAA Metals Company, Inc.; Gibbs Wire & Steel Company, LLC |
Estimated market growth is high due to the rising demand for grain-oriented steel products and non-grain-oriented steel products, along with the several benefits of electrical steel for a wide range of applications
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U.S. Electrical Steel Consumption Analysis (2017 to 2021) Vs. Market Outlook (2022 to 2032)
Electrical steel is specialty steel that is manufactured by modifying the magnetic properties of conventional steel, inducing high permeability. It is used to manufacture generators, power transformers, inductors, etc. Demand for electrical steel is rising steadily for several applications across end-use industries.
Initiatives undertaken to streamline power distribution centers are also supporting product demand. Moreover, the rising popularity of electric vehicles and opportunities in the automotive industry will also fuel demand for electrical steel over the coming years.
- Short Term (2022 Q2 to 2025): Unique magnetic properties of electrical steel, resulting in low core loss and ensuring high permeability, to support short-term market demand growth.
- Medium Term (2025 to 2028): Companies investing in research and development to make use of safe and environment-friendly materials, along with developing products complying with local market regulations, is fuel market growth in medium term.
- Long Term (2028 to 2032): Wide application scope of electrical steel in consumer appliances along with product innovation in electrical steel to propel long-term market expansion.
Electrical steel sales across the U.S. registered a CAGR of 5% from 2017 to 2021. As per this detailed market analysis, the market is projected to exhibit 7.1% CAGR during the assessment period of 2022 to 2032.
Market share analysis of product type and region is provided in the above image in a nutshell. Under the product type segment, grain-oriented electrical steel held the largest market share of 52.8% in 2021.
Why is Demand for Electrical Steel High in the United States?
“Increasing Demand for Grain-oriented & Non-grain-oriented Products”
Consumption of power and energy is rising because of the rising population, rapid industrialization, and increasing per capita income. Strict government regulations concerning CO2 emissions focus on energy efficiency and environmental sustainability, which are some of the factors driving demand for grain-oriented and non-grain-oriented variants. This is to be used in high-power transformers and motors, especially for power transmission and distribution purposes.
Key market players are focusing on safe and environment-friendly materials such as chrome-free phosphate insulation coatings to grain-oriented products to eliminate the risks from hexavalent chrome and deliver safe and eco-friendly superior insulation coatings.
“Robust Industrial Growth to Anchor Consumption Behavior”
In industrial sectors such as mining, manufacturing, utilities, construction, oil & gas, etc., demand for structural components and engine components such as composite parts is anticipated to rise over the coming years. To capitalize on this trend, many companies are entering the market to expand their geographical footprint.
Players in the market are investing their resources in research, development, and innovation to develop products that comply with the safety norms of local markets, which is likely to provide unexploited opportunities and aid manufacturers enhance their market share.
Companies are developing flat-rolled for motors, transformers, and generators. Demand for extremely thin electrical steel strips for high-frequency applications is also witnessing an increase owing to technological advancements, in turn, anchoring the consumption behavior and fueling market growth in the United States.
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Region-wise Insights
Which U.S. Regions Account for Higher Consumption of Electrical Steel?
“Demand for Electrical Steel to Be Higher in South-West U.S. & West U.S.”
The South-West U.S. and the West U.S. hold 25.7% and 22.4% share, respectively, in the overall U.S. market. These regional markets are projected to rise at 7.4% and 7.1% CAGRs across the assessment period.
This high market growth is attributed to factors such as growing emphasis on power generation and electric vehicle production, fueling the need for electric motors and charging stations, in turn, supporting market growth.
For instance, more companies in these regions are investing in building electric vehicles. In addition to increasing investments in the electric vehicle industry, companies are also highlighting electric motors as well by undertaking capacity expansion. They are developing a new class of power electronics with patented coil driver technology to enhance electric motor and battery performance.
Category-wise Insights
Which Type of Holds Dominance in the U.S.?
“Grain-oriented Segment to Bring in Higher Revenues for Market Participants”
Under the product type segment, the market is segmented into grain-oriented and non-grain-oriented variables. Grain-oriented segment holds 52.8% market share and is valued at US$ 1.9 billion, which is estimated to rise to US$ 4.1 billion by 2032, expanding at an impressive CAGR of 8.1%.
Grain-oriented variant delivers high permeability and low energy loss as it is composed of iron with 3% Si content. Grain-oriented grades carry strong crystallographic properties and exhibit better magnetic properties in the rolling direction of the sheet. Along with this, they are also used for non-rotating applications such as transformers.
The non-grain-oriented segment is valued at US$ 1.7 billion and accounts for 47.2% market share. The segment is estimated to register a CAGR of 5.9% over the assessment period.
Factors such as carrying uniform magnetic properties in all directions, providing better thermal conductivity, and no need for a recrystallization process to develop properties are supporting segmental growth.
Where is Electrical Steel Used the Most in the United States?
The U.S. market, under application, is segmented into inductors, transformers, and motors.
The motors segment rules the market with 53.3% share and is valued at US$ 1.9 billion in 2022. The segment is projected to expand at 7.5% CAGR to exceed a market valuation of US$ 4.1 billion by end of 2032.
Factors such as excellent magnetic properties, high permeability, and high frequency of electrical steel make it preferable for electric motors. Rising emphasis on EV production is supporting the demand for electric motors, which, in turn, is fueling product demand.
In addition, electric motors used in industrial machinery provide 4X higher speed, making them more reliable and augmenting motor durability.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Prominent players in the United States market are focusing on expanding their manufacturing capacities to increase production and grab a larger market share.
Market players are also looking to launch innovative and developed products for a wide range of applications to fulfill the expanding demand of a growing client base.
For instance :
- United States Steel Corporation acquired Big River Steel in 2021. This acquisition will enable profitable growth via sustainable production of high-strength steel.
- Cleveland-Cliffs Inc. acquired AK Steel Holding Corporation in 2020. This acquisition will provide a unique strength to the company and add blast furnace steel mills, an HBI plant, and electric arc furnace plants along with other technologically-developed facilities in the company.
Fact.MR has provided detailed information about the price points of key manufacturers of electrical steel positioned across the U.S., sales growth, production capacity, and speculative technological expansion, in the recently published report.
Key Segments of U.S. Electrical Steel Industry Survey
-
By Product Type :
- Grain-Oriented
- Non-Grain-Oriented
- Fully-Processed
- Semi-Processed
-
By Application :
- Inductors
- Transformers
- Transmission
- Portable
- Distribution
- Motors
- 1hp – 100hp
- 101hp – 200hp
- 201hp – 500hp
- 501hp – 1000hp
- Above 1000hp
-
By End-use Industry :
- Automotive
- Manufacturing
- Energy
- Household Appliances
- Others (Construction, Fabrication)
-
By Region :
- West U.S.
- South-West U.S.
- Mid-West U.S.
- North-East U.S.
- South-East U.S.
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data Points
- 4. Value Chain Analysis
- 5. US Market Volume 2017 to 2021 Analysis and Forecast, 2022 to 2032
- 6. US Market - Pricing Analysis
- 7. US Market Value 2017 to 2021 Analysis and Forecast, 2022 to 2032
- 8. US Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Product Type
- 8.1. Grain-Oriented Electrical Steel
- 8.2. Non-Grain Oriented Electrical Steel
- 8.2.1. Fully-Processed
- 8.2.2. Semi-Processed
- 9. US Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Application
- 9.1. Inductors
- 9.2. Transformers
- 9.2.1. Transmission
- 9.2.2. Portable
- 9.2.3. Distribution
- 9.3. Motors
- 9.3.1. 1hp – 100hp
- 9.3.2. 101hp – 200hp
- 9.3.3. 201hp – 500hp
- 9.3.4. 501hp – 1000hp
- 9.3.5. Above 1000hp
- 10. US Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By End-Use Industry
- 10.1. Automotive
- 10.2. Manufacturing
- 10.3. Energy
- 10.4. Household Appliance
- 10.5. Others (Construction, Fabrication)
- 11. US Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Regions
- 11.1. West US
- 11.2. South-West US
- 11.3. Mid-West US
- 11.4. North-East US
- 11.5. South-East US
- 12. West US Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 13. South-West US Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 14. Mid-West US Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 15. North-East US Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 16. South-East US Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. AK Steel Holding Corporation
- 18.2. Allegheny Technologies, Inc.
- 18.3. United States Steel Corporation
- 18.4. Cleveland-Cliffs, Inc.
- 18.5. Arnold Medical Technologies
- 18.6. Big River Steel (BRS)
- 18.7. Continental Steel & Tube Co.
- 18.8. Johnson Bros. Metal Forming Co.
- 18.9. AAA Metals Company, Inc.
- 18.10. Gibbs Wire & Steel Company, LLC
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 01. US Market Value (US$ Billion) and Forecast by Region, 2017 to 2021
Table 02. US Market Value (US$ Billion) and Forecast by Region, 2022 to 2032
Table 03. US Market Volume (Kilo Tons) and Forecast by Region, 2017 to 2021
Table 04. US Market Volume (Kilo Tons) and Forecast by Region, 2022 to 2032
Table 05. US Market Value (US$ Billion) and Forecast by Product Type, 2017 to 2021
Table 06. US Market Value (US$ Billion) and Forecast by Product Type, 2022 to 2032
Table 07. US Market Volume (Kilo Tons) and Forecast by Product Type, 2017 to 2021
Table 08. US Market Volume (Kilo Tons) and Forecast by Product Type, 2022 to 2032
Table 09. US Market Value (US$ Billion) and Forecast by Application, 2017 to 2021
Table 10. US Market Value (US$ Billion) and Forecast by Application, 2022 to 2032
Table 11. US Market Volume (Kilo Tons) and Forecast by Application, 2017 to 2021
Table 12. US Market Volume (Kilo Tons) and Forecast by Application, 2022 to 2032
Table 13. US Market Value (US$ Billion) and Forecast by End-Use Industry, 2017 to 2021
Table 14. US Market Value (US$ Billion) and Forecast by End-Use Industry, 2022 to 2032
Table 15. US Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017 to 2021
Table 16. US Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022 to 2032
Table 17. West US Market Value (US$ Billion) and Forecast by Region, 2017 to 2021
Table 18. West US Market Value (US$ Billion) and Forecast by Region, 2022 to 2032
Table 19. West US Market Volume (Kilo Tons) and Forecast by Region, 2017 to 2021
Table 20. West US Market Volume (Kilo Tons) and Forecast by Region, 2022 to 2032
Table 21. West US Market Value (US$ Billion) and Forecast by Product Type, 2017 to 2021
Table 22. West US Market Value (US$ Billion) and Forecast by Product Type, 2022 to 2032
Table 23. West US Market Volume (Kilo Tons) and Forecast by Product Type, 2017 to 2021
Table 24. West US Market Volume (Kilo Tons) and Forecast by Product Type, 2022 to 2032
Table 25. West US Market Value (US$ Billion) and Forecast by Application, 2017 to 2021
Table 26. West US Market Value (US$ Billion) and Forecast by Application, 2022 to 2032
Table 27. West US Market Volume (Kilo Tons) and Forecast by Application, 2017 to 2021
Table 28. West US Market Volume (Kilo Tons) and Forecast by Application, 2022 to 2032
Table 29. West US Market Value (US$ Billion) and Forecast by End-Use Industry, 2017 to 2021
Table 30. West US Market Value (US$ Billion) and Forecast by End-Use Industry, 2022 to 2032
Table 31. West US Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017 to 2021
Table 32. West US Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022 to 2032
Table 33. South-West US Market Value (US$ Billion) and Forecast by Region, 2017 to 2021
Table 34. South-West US Market Value (US$ Billion) and Forecast by Region, 2022 to 2032
Table 35. South-West US Market Volume (Kilo Tons) and Forecast by Region, 2017 to 2021
Table 36. South-West US Market Volume (Kilo Tons) and Forecast by Region, 2022 to 2032
Table 37. South-West US Market Value (US$ Billion) and Forecast by Product Type, 2017 to 2021
Table 38. South-West US Market Value (US$ Billion) and Forecast by Product Type, 2022 to 2032
Table 39. South-West US Market Volume (Kilo Tons) and Forecast by Product Type, 2017 to 2021
Table 40. South-West US Market Volume (Kilo Tons) and Forecast by Product Type, 2022 to 2032
Table 41. South-West US Market Value (US$ Billion) and Forecast by Application, 2017 to 2021
Table 42. South-West US Market Value (US$ Billion) and Forecast by Application, 2022 to 2032
Table 43. South-West US Market Volume (Kilo Tons) and Forecast by Application, 2017 to 2021
Table 44. South-West US Market Volume (Kilo Tons) and Forecast by Application, 2022 to 2032
Table 45. South-West US Market Value (US$ Billion) and Forecast by End-Use Industry, 2017 to 2021
Table 46. South-West US Market Value (US$ Billion) and Forecast by End-Use Industry, 2022 to 2032
Table 47. South-West US Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017 to 2021
Table 48. South-West US Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022 to 2032
Table 49. Mid-West US Market Value (US$ Billion) and Forecast by Region, 2017 to 2021
Table 50. Mid-West US Market Value (US$ Billion) and Forecast by Region, 2022 to 2032
Table 51. Mid-West US Market Volume (Kilo Tons) and Forecast by Region, 2017 to 2021
Table 52. Mid-West US Market Volume (Kilo Tons) and Forecast by Region, 2022 to 2032
Table 53. Mid-West US Market Value (US$ Billion) and Forecast by Product Type, 2017 to 2021
Table 54. Mid-West US Market Value (US$ Billion) and Forecast by Product Type, 2022 to 2032
Table 55. Mid-West US Market Volume (Kilo Tons) and Forecast by Product Type, 2017 to 2021
Table 56. Mid-West US Market Volume (Kilo Tons) and Forecast by Product Type, 2022 to 2032
Table 57. Mid-West US Market Value (US$ Billion) and Forecast by Application, 2017 to 2021
Table 58. Mid-West US Market Value (US$ Billion) and Forecast by Application, 2022 to 2032
Table 59. Mid-West US Market Volume (Kilo Tons) and Forecast by Application, 2017 to 2021
Table 60. Mid-West US Market Volume (Kilo Tons) and Forecast by Application, 2022 to 2032
Table 61. Mid-West US Market Value (US$ Billion) and Forecast by End-Use Industry, 2017 to 2021
Table 62. Mid-West US Market Value (US$ Billion) and Forecast by End-Use Industry, 2022 to 2032
Table 63. Mid-West US Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017 to 2021
Table 64. Mid-West US Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022 to 2032
Table 65. North-East US Market Value (US$ Billion) and Forecast by Region, 2017 to 2021
Table 66. North-East US Market Value (US$ Billion) and Forecast by Region, 2022 to 2032
Table 67. North-East US Market Volume (Kilo Tons) and Forecast by Region, 2017 to 2021
Table 68. North-East US Market Volume (Kilo Tons) and Forecast by Region, 2022 to 2032
Table 69. North-East US Market Value (US$ Billion) and Forecast by Product Type, 2017 to 2021
Table 70. North-East US Market Value (US$ Billion) and Forecast by Product Type, 2022 to 2032
Table 71. North-East US Market Volume (Kilo Tons) and Forecast by Product Type, 2017 to 2021
Table 72. North-East US Market Volume (Kilo Tons) and Forecast by Product Type, 2022 to 2032
Table 73. North-East US Market Value (US$ Billion) and Forecast by Application, 2017 to 2021
Table 74. North-East US Market Value (US$ Billion) and Forecast by Application, 2022 to 2032
Table 75. North-East US Market Volume (Kilo Tons) and Forecast by Application, 2017 to 2021
Table 76. North-East US Market Volume (Kilo Tons) and Forecast by Application, 2022 to 2032
Table 77. North-East US Market Value (US$ Billion) and Forecast by End-Use Industry, 2017 to 2021
Table 78. North-East US Market Value (US$ Billion) and Forecast by End-Use Industry, 2022 to 2032
Table 79. North-East US Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017 to 2021
Table 80. North-East US Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022 to 2032
Table 81. South-East US Market Value (US$ Billion) and Forecast by Region, 2017 to 2021
Table 82. South-East US Market Value (US$ Billion) and Forecast by Region, 2022 to 2032
Table 83. South-East US Market Volume (Kilo Tons) and Forecast by Region, 2017 to 2021
Table 84. South-East US Market Volume (Kilo Tons) and Forecast by Region, 2022 to 2032
Table 85. South-East US Market Value (US$ Billion) and Forecast by Product Type, 2017 to 2021
Table 86. South-East US Market Value (US$ Billion) and Forecast by Product Type, 2022 to 2032
Table 87. South-East US Market Volume (Kilo Tons) and Forecast by Product Type, 2017 to 2021
Table 88. South-East US Market Volume (Kilo Tons) and Forecast by Product Type, 2022 to 2032
Table 89. South-East US Market Value (US$ Billion) and Forecast by Application, 2017 to 2021
Table 90. South-East US Market Value (US$ Billion) and Forecast by Application, 2022 to 2032
Table 91. South-East US Market Volume (Kilo Tons) and Forecast by Application, 2017 to 2021
Table 92. South-East US Market Volume (Kilo Tons) and Forecast by Application, 2022 to 2032
Table 93. South-East US Market Value (US$ Billion) and Forecast by End-Use Industry, 2017 to 2021
Table 94. South-East US Market Value (US$ Billion) and Forecast by End-Use Industry, 2022 to 2032
Table 95. South-East US Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2017 to 2021
Table 96. South-East US Market Volume (Kilo Tons) and Forecast by End-Use Industry, 2022 to 2032
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List Of Figures
Figure 01. US Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 02. US Market Absolute $ Opportunity (US$ Billion), 2022 to 2032
Figure 03. US Market Value (US$ Billion) and Volume (Kilo Tons) by Region, 2022 & 2032
Figure 04. US Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 05. US Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 06. US Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 07. US Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 08. US Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 09. US Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 10. US Market Y-o-Y Growth Rate by End-Use Industry, 2022 to 2032
Figure 11. West US Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 12. West US Market Absolute $ Opportunity (US$ Billion), 2022 to 2032
Figure 13. West US Market Value (US$ Billion) and Volume (Kilo Tons) by Region, 2022 & 2032
Figure 14. West US Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 15. West US Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 16. West US Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 17. West US Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 18. West US Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 19. West US Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 20. West US Market Y-o-Y Growth Rate by End-Use Industry, 2022 to 2032
Figure 21. West US Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 22. West US Market Attractiveness Analysis by Application, 2022 to 2032
Figure 23. West US Market Attractiveness Analysis by End-Use Industry, 2022 to 2032
Figure 24. South-West US Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 25. South-West US Market Absolute $ Opportunity (US$ Billion), 2022 to 2032
Figure 26. South-West US Market Value (US$ Billion) and Volume (Kilo Tons) by Region, 2022 & 2032
Figure 27. South-West US Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 28. South-West US Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 29. South-West US Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 30. South-West US Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 31. South-West US Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 32. South-West US Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 33. South-West US Market Y-o-Y Growth Rate by End-Use Industry, 2022 to 2032
Figure 34. South-West US Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 35. South-West US Market Attractiveness Analysis by Application, 2022 to 2032
Figure 36. South-West US Market Attractiveness Analysis by End-Use Industry, 2022 to 2032
Figure 37. Mid-West US Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 38. Mid-West US Market Absolute $ Opportunity (US$ Billion), 2022 to 2032
Figure 39. Mid-West US Market Value (US$ Billion) and Volume (Kilo Tons) by Region, 2022 & 2032
Figure 40. Mid-West US Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 41. Mid-West US Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 42. Mid-West US Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 43. Mid-West US Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 44. Mid-West US Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 45. Mid-West US Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 46. Mid-West US Market Y-o-Y Growth Rate by End-Use Industry, 2022 to 2032
Figure 47. Mid-West US Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 48. Mid-West US Market Attractiveness Analysis by Application, 2022 to 2032
Figure 49. Mid-West US Market Attractiveness Analysis by End-Use Industry, 2022 to 2032
Figure 50. North-East US Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 51. North-East US Market Absolute $ Opportunity (US$ Billion), 2022 to 2032
Figure 52. North-East US Market Value (US$ Billion) by Region, 2022 & 2032
Figure 53. North-East US Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 54. North-East US Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 55. North-East US Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 56. North-East US Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 57. North-East US Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 58. North-East US Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 59. North-East US Market Y-o-Y Growth Rate by End-Use Industry, 2022 to 2032
Figure 60. North-East US Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 61. North-East US Market Attractiveness Analysis by Application, 2022 to 2032
Figure 62. North-East US Market Attractiveness Analysis by End-Use Industry, 2022 to 2032
Figure 63. South-East US Market Value (US$ Billion) and Volume (Kilo Tons) Forecast, 2022 to 2032
Figure 64. South-East US Market Absolute $ Opportunity (US$ Billion), 2022 to 2032
Figure 65. South-East US Market Value (US$ Billion) and Volume (Kilo Tons) by Region, 2022 & 2032
Figure 66. South-East US Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 67. South-East US Market Value (US$ Billion) and Volume (Kilo Tons) by Product Type, 2022 & 2032
Figure 68. South-East US Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 69. South-East US Market Value (US$ Billion) and Volume (Kilo Tons) by Application, 2022 & 2032
Figure 70. South-East US Market Y-o-Y Growth Rate by Application, 2022 to 2032
Figure 71. South-East US Market Value (US$ Billion) and Volume (Kilo Tons) by End-Use Industry, 2022 & 2032
Figure 72. South-East US Market Y-o-Y Growth Rate by End-Use Industry, 2022 to 2032
Figure 73. South-East US Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 74. South-East US Market Attractiveness Analysis by Application, 2022 to 2032
Figure 75. South-East US Market Attractiveness Analysis by End-Use Industry, 2022 to 2032
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the size of the U.S. electrical steel market?
The U.S. electrical steel market is estimated at US$ 3.7 billion in 2022 and is anticipated to surpass US$ 7.3 billion by 2032.
What was the last 5-year CAGR for electrical steel demand in the U.S.?
Between 2017 and 2021, sales of electrical steel in the U.S. increased at 5% CAGR.
Who are the prominent players in the U.S. electrical steel market?
Prominent suppliers of electrical steel in the U.S. are AK Steel Holding Corporation, Allegheny Technologies, Inc., United States Steel Corporation, and Cleveland-Cliffs, Inc.
Which is the leading regional market for electrical steel?
South-West U.S. leads the market accounting for 25.7% share in 2022.
Which type of electrical steel holds the highest market share?
Grain-oriented electrical steel accounts for 52.8% market share in the United States.
U.S. Electrical Steel Market