Electrical Steel Coatings Market size is evaluated at USD 321.4 million in 2024 and is poised to exceed USD 644.7 million by the end of 2037, registering over 5.5% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of electrical steel coatings is estimated at USD 339.1 million.
The rising demand for advanced industrial components such as transformers and electric motors is fuelling the application of electrical steel coatings to mitigate energy losses.
The C5 coatings have widespread use cases in carbon steel and galvanized steel due to their superior surface resistivity and high performance, aiding its revenue growth. For instance, C5 electrical steel coating sales are expected to increase from USD 138.3 million in 2025 to USD 257.0 million by 2037. The growing industrial activities worldwide are boosting the use of C5 coatings for enhanced performance and durability of materials. C5 electrical steel coatings are projected to capture 39.8% of the revenue share by 2037 owing to the increasing application in refrigerator motors and large turbogenerators.
Author Credits: Rajrani Baghel
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