Press release
Electrical Steel Coating Market to be Valued at US$ 353.6 Mn by 2026-end
The global electrical steel coatings market is expected to increase at an above average CAGR over the forecast period (2016–2026). The global electrical steel coatings market was estimated to be valued at over US$ 200 Mn by 2016 end and is projected to increase at a CAGR of 5.3%, creating an incremental opportunity of US$ 141.7 Mn between 2016 and 2026. In terms of volume, the global electrical steel coatings market is forecast to reach more than 55,000 Tonnes by the end of 2026. APEJ is expected to exhibit promising growth in the global electrical steel coatings market, registering a CAGR of 6.4% over the forecast period. Driven by the consumption growth of electrical steel across various end-use applications, the APEJ electrical steel coatings market is expected to witness a sustainable growth rate over the coming years. China and India are likely to provide substantial opportunities in the global electrical steel coatings market over the coming years.
Consumption growth of electrical steel in a wide range of applications, coupled with the global trend of energy conservation in various electrical equipment are expected to fuel demand for electrical steel coatings
Electrical steel finds its utilisation in various small and large electrical equipment, including motors, inductors, transformers, etc. Furthermore, growth of the energy and power sector is leading to an increased demand for supporting infrastructure, wherein electrical steel finds its use. This, in turn, is expected to drive the growth of electrical steel as well as coatings.
Request For Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-3103
Performance analysis of the coating type segment
On the basis of coating type, the electrical steel coatings market is segmented into C2, C3, C4 C5 and C6. C5 segment is projected to account for a major share of the global electrical steel coatings market through 2026. The physical and chemical properties imparted by the C5 type of coating makes it the coating of choice for electrical steel. In 2016, the C5 segment dominated the global market with more than two-third revenue share, followed by the C6 and C3 segments respectively.
The C5 segment is anticipated to expand at a CAGR of 5.8% over the forecast period to reach a market value in excess of US$ 265 Mn by the end of 2026. The demand for C5 coating – applied on both grain and non-grain oriented electrical steel – is expected to remain high across various regions. On the other hand, the C6 segment is estimated to exhibit a steady growth rate through the forecast period. C3 segment, witnessing a CAGR of 3.1%, is expected to represent 3.8% share of the total incremental opportunity created between 2016 and 2026.
Market analysis of coating type segment
C2: C2 segment is expected to reach a market value of more than US$ 9.0 Mn by 2026 end.
C3: Registering a CAGR of 3.1% over the forecast period, the segment is anticipated to reach a value of more than US$ 20 Mn by 2026 end.
Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-3103
C4: C4 segment is expected to represent relatively small market share by the end of 2026.
C5: C5 segment is expected to hold major market share throughout the forecast period, accounting for 84% share of the total incremental opportunity created between the years 2016 and 2026.
C6: C6 segment is projected to create an incremental $ opportunity of US$ 13 Mn during the forecast period.
Decrease in end-use sales points among potential buyers
Competition in the global electrical steel coatings market is intensifying. Electrical steel manufacturers are increasingly developing their own R&D and manufacturing facilities to produce coatings with desired physical and chemical characteristics. Due to this, the number of total end-use sales points/potential buyers are decreasing, thereby further swelling the competition scenario in the remaining open market.
ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electrical Steel Coating Market to be Valued at US$ 353.6 Mn by 2026-end here
News-ID: 484508 • Views: …
More Releases from Future Market Insights
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,…
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry…
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033.
The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable…
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
