Electrical Steel Market Value Chain, Dynamics and Key Players 2020 to 2030
Verfasser: ashwani_kailiya on Thursday, 13 August 2020Electrical steel is a valuable steel variant which has acquired its cardinal position in the global market due to the rising demand for electric motors and electric cars. Fact.MR has conducted a precise evaluation on the overall electrical steel market in order to draw striking conclusions which can be utilized by industry experts, investors and other readers.
According to this research published by Fact.MR, the demand for electrical steel was evaluated at 16 thousand kilo tonnes in 2018. It has been examined that the overall growth of the electrical steel market is attributed to several factors such as rising interest of steel companies to put up with evolving trends in the concerned marketplace. Moreover, fluctuating trade measures are causing decline in exports and further solidifying domestic electrical steel production. The above represented scenario is projected to expand the global electrical steel market at a positive CAGR of ~6.2% over the assessment period (2020-2030).
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