Global Amorphous Steels Market Research Report 2024

Amorphous steel is an alloy steel with advantageous magnetic properties necessary for use in distribution transformers, electric reactors, electric machines and middle and high frequency transformers. The iron- based amorphous steel is predominantly iron (Fe) (up to 82%), with boron (B) (8 percent to15 percent), and silicon (Si) (5 percent to 10 percent) (SA1 and HB1M). AR may also contain carbon (C) alloyed to allow for its amorphous structure. Up to 25% of the iron (Fe) may be replaced with cobalt (Co) to allow for higher induction, to be used in pulse power applications (2605CO alloy). This AR is normally imported in the form of a singleply coil up to 1000kg in weight, or in a multiple-ply format where 3 to 10 sheets are co-wound onto a single hub.

The global Amorphous Steels market was valued at US$ 570.2 million in 2023 and is anticipated to reach US$ 884.8 million by 2030, witnessing a CAGR of 6.4% during the forecast period 2024-2030.

The market for Amorphous Steel is concentrated with players such as Hitachi, Henan Zhongyue, Junhua Technology, Londerful New Material, Shenke, Foshan Huaxin, Advanced Technology & Materials, Zhaojing Incorporated Company, Qingdao Yunlu and Advanced Material Technology, etc. Among them, Hitachi is the leader with about 61% revenue market share.

This report aims to provide a comprehensive presentation of the global market for Amorphous Steels, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Amorphous Steels.

Report Scope

The Amorphous Steels market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Amorphous Steels market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Amorphous Steels manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation


By Company


Hitachi Metal

Advanced Technology

Qingdao Yunlu

Henan Zhongyue

China Amorphous Technology

Zhaojing Incorporated

Junhua Technology

Londerful New Material

Shenke

Orient Group

Foshan Huaxin


Segment by Type


Amorphous Ribbon

Nano-Crystalline Ribbon


Segment by Application


Distribution Transformer

Electric Machinery

Electronic Components

Others


Production by Region



North America

Europe

China

Japan


Consumption by Region


North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

China Taiwan

Southeast Asia

India

Latin America, Middle East & Africa

Mexico

Brazil

Turkey

GCC Countries

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Detailed analysis of Amorphous Steels manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Production/output, value of Amorphous Steels by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 4: Consumption of Amorphous Steels in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.

Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: The main points and conclusions of the report.

Frequently Asked Questions