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India CRNO Steel Lamination Market

India CRNO Steel Lamination Market (Coating Type: Thick Coating and Thin/Normal Coating; Application: Power & Distribution Transformer, Motor, Inductor, and Others; and End-use Industry: Energy & Power, Automobile, Manufacturing, Home Appliance, and Others) - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Companies Redefine Manufacturing and Production Techniques to Improve India CRNO Steel Lamination Market? Share

The Indian sub-continent continues to provide plentiful opportunities for the manufacturing sector. The storyline remains the same for the steel industry, as a host of steel-intensive sectors that are direct and indirect consumers of steel gain momentum such as automotive, aerospace, construction, marine, etc. Companies operating in the steel sector are continually introspecting their operational models, manufacturing processes, and business strategies to improve their position in the India CRNO steel lamination market landscape. The steel consumption in India is projected to scale new heights in the upcoming years, thereby witnessing an increase in demand for electrical steel. The demand for silicon steel such as cold-rolled non-grained oriented (CRNO) steel laminates is witnessing rapid growth from several end-use industries, including home appliance, manufacturing, automotive, and energy & power.

Some of the major applications wherein CRNO steel laminates is expected to gain notable traction during the forecast period include motor, inductor, and power & distribution transformer. The growing demand for CRNO steel laminates from the automotive and component manufacturers coupled with fluctuating prices of raw materials are some of the key factors that are expected to fuel the growth of the India CRNO steel lamination market, which is projected to reach a market value of ~US$ 1 Bn by the end of 2027.

india crno steel laminate market infographic

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Indian Steel Sector – Staring at a Positive Future

The long-term growth potential of the CRNO steel lamination market has a positive outlook due to a range of factors. Soaring investments, favorable government policies, rapid industrialization, and burgeoning demand from steel-intensive sectors are expected to contribute toward the growth of the India CRNO steel lamination market in the next few years. Moreover, companies operating in the current market for CRNO steel lamination are increasingly focusing on modernizing and expanding their manufacturing facilities to improve their presence in the market. Companies in the India CRNO steel lamination market are expected to hinge their hopes on inorganic growth strategies to improve their market position.

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Mergers and acquisitions are likely to increase in the coming years, as market participants continue to find new ways to strengthen their foothold in the market. Moreover, as the Indian Government continues to formulate regulations that favor the growth of domestic industries, the Indian steel sector is staring at a positive future. Various long-term and short-term policy measures such as the National Steel Policy 2017 implemented by the Government of India to support the steel industry are projected to boost the prospects of the India CRNO steel lamination market. Short-term policies that are intended to offer opportunities for local steel companies will also continue to provide a significant push to the CRNO steel lamination market.

Companies Leverage Opportunities in Automobile Sector

Despite the considerable adoption of CRNO steel laminates from the energy & power and the manufacturing sector, participants in the current India CRNO steel lamination market are expected to tap into the growth opportunities within the automotive sector. The shift toward sustainability and safe mobility coupled with favorable policies that encourage the development of electric vehicles will open up new growth avenues for market players. Despite the growing interest in plastics and aluminum, the demand for steel is expected to remain unaffected due to progress and large-scale development of high-strength steel. As the automotive industry continues to emphasize energy efficiency, recyclability, weight reduction, and cost-efficiency, the demand for CRNO steel laminates is likely to move in an upward trajectory during the forecast period.

Apart from surge in demand from the automotive sector, the energy & power sector will continue to be lead, in terms of market share and value. The significant growth in the demand for electricity is reflected in the significant rise in the number of infrastructure development projects, which, in turn, presents participants in the India CRNO steel lamination market with lucrative growth opportunities. Electrical steel is increasingly being used in the power sector in motors, transformers, generators, and other types of industrial machines– a trend that is expected to continue during the forecast period.

india crno steel laminate market segmentation

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Analysts’ Viewpoint

The India CRNO steel lamination market is expected to grow at an impressive CAGR of 14% during the forecast period. The market growth will primarily depend on favorable government policies, development of electric vehicles, growing demand from the power sector, and significant rise in infrastructure development projects across the Indian subcontinent. Market participants are expected to modernize and expand their manufacturing capabilities to fulfill the swelling requirement. Companies in the current market landscape are likely to rely on inorganic strategies to improve their position and share in the India CRNO steel lamination market.

Significant Growth of Electric Vehicles Industry in India to Boost India CRNO Steel Lamination Market

  • In terms of value, the India CRNO steel lamination market is expected to surpass ~US$ 1 Bn by 2027
  • Rise in manufacturing activities and increase in government efforts to protect the environment and lower the level of carbon emissions by introduction of electric vehicles are factors anticipated to augment the CRNO steel lamination market in India during the forecast period
  • Consumption of EVs lagged behind that of conventional ICE vehicles in 2019; however, EVs are projected to make up a quarter of all new car sales by 2027

India CRNO Steel Lamination Market: Key Drivers and Restraints

  • India replaced Japan as the world's second-largest steel-producing country in 2018, following China. Favorable demand-supply dynamics of the steel industry in the country is estimated to be a key factor driving the CRNO steel lamination market in the country in the next few years. Initiatives such as ‘Make in India’ and growth of the chemical industry can play a major role in making India a key consumer of CRNO steel lamination in the next decade.
  • Led by the rise in industrialization, India plans to expand the fields of electric vehicles and other sustainable energy systems to meet the goal of lowering carbon emissions. This is expected to drive the consumption of motors, generators, and transformers during the forecast period. In turn, this is anticipated to propel the CRNO steel lamination market in India.
  • Increase in adoption of nickel-iron alloys in electro-technical applications is expected to hamper the CRNO steel lamination market during the forecast period. Nickel-iron alloys play an important role in the production of relays, sensors, and motor laminations. Furthermore, these materials offer better magnetic permeability and magnetic induction vis-à-vis electrical steel.

India CRNO Steel Lamination Market: Key Segments

  • Based on application, the CRNO steel lamination market in India has been segmented into power & distribution transformer, motor, inductor, and others
  • The motor segment accounted for major share of the CRNO steel lamination market in India in 2018. CRNO steel laminations are used primarily in motor employed in manufacturing, automotive, and construction industries. The motor segment is estimated to continue its dominance in the CRNO steel lamination market in India throughout the forecast period.
  • Based on end-use industry, the CRNO steel lamination market in India has been broadly segregated into energy & power, automobile, manufacturing, home appliance, and others
  • Increase in consumption of Hybrid Electric Vehicles (HEVs) in India is anticipated to be a major factor driving the demand for CRNO steel lamination in the automotive sector. CRNO steel lamination are primarily utilized in high-speed electric Motor and high-frequency Transformers. CRNO steel lamination are also employed in traction Motor of HEVs. Rise in demand for HEVs in India can primarily be ascribed to the increase in environmental regulations. This is projected to drive the CRNO steel lamination market in India in the near future.

West Zone and South Zone to be Highly Lucrative Areas of India CRNO Steel Lamination Market

  • In terms of value and volume, the south zone dominated the CRNO steel lamination market in India in 2018. The south zone is an ideal destination for the CRNO steel lamination market in India in terms of physical infrastructure such as roads and ports, skilled human workforce, and an established industrial base. According to the Confederation of Indian Industry (CII), the combined GDP of South India was valued at US$ 300 Bn as of 2015, which is about the same as that of Malaysia. It is poised to more than double by the end of 2020.
  • The west zone segment constituted the second-largest share of the CRNO steel lamination market in India in 2018. The zone consists of Maharashtra, Gujarat, and Goa. The industrial sector in Maharashtra holds prominent position in the national economy. Automotive, machinery, electronic apparatus & appliances, and transport equipment contribute substantially to the state’s industrial production.

India CRNO Steel Lamination Market: Competition Landscape

  • Major players operating in the CRNO steel lamination market in India include
    • Tata Steel Limited
    • Nomax Electrical Steel Pvt. Ltd.
    • ThyssenKrupp Electrical Steel India Pvt. Ltd.
    • MAGNETIC METAL INDUSTRIES
    • SAIL
  • The CRNO steel lamination market in the country is consolidated, with large numbers of small domestic as well as international players operating in the market

India CRNO Steel Lamination Market – Segmentation

TMR’s study on the CRNO steel lamination market in India segments the market based on coating type, application, end-use industry, and zone. Changing market trends and other crucial market dynamics associated with these segments of the India CRNO Steel lamination market are discussed in detail.

Coating Type

  • Thick Coating
  • Thin/Normal Coating

Application

  • Power & Distribution Transformer
  • Motor
  • Inductor
  • Others

End-use Industry

  • Energy & Power
  • Automobile
  • Manufacturing
  • Home Appliance
  • Others

Zone

  • North Zone
  • South Zone
  • East Zone
  • West Zone
India CRNO Steel Lamination Market

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1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

    2.1. Report Assumptions

    2.2. Secondary Sources & Acronyms Used

    2.3. Research Methodology  

3. Executive Summary: India Cold Rolled Non oriented (CRNO) Steel Lamination Market

4. Market Overview

    4.1. Introduction

    4.2. Key Market Developments 

    4.3. Recent Developments 

    4.4. Market Dynamics

        4.4.1. Drivers

        4.4.2. Restraints

        4.4.3. Opportunities

    4.5. India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Analysis and Forecast, 2018–2027

        4.5.1. India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons)

        4.5.2. India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value (US$ Mn)

    4.6. Porters Five Forces Analysis

    4.7. Value Chain Analysis

5. India Steel Products Market Overview

6. India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Production Output Analysis, 2018

7. Pricing Analysis, 2018

    7.1. Price Comparison Analysis by Coating Type

    7.2. Price Comparison Analysis by Application

8. India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Analysis and Forecast, by Coating Type

    8.1. Introduction

    8.2. India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Coating Type, 2019–2027

        8.2.1. Thick Coating CRNO

        8.2.2. Thin/ Normal Coating CRNO

    8.3. India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Attractiveness Analysis, by Coating Type

9. India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Analysis and Forecast, by Application

    9.1. Introduction

    9.2. India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Application, 2019–2027

        9.2.1. Power & Distribution Transformer

        9.2.2. Motor

        9.2.3. Inductor

        9.2.4. Others

    9.3. India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Attractiveness Analysis, by Application

10. India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Analysis and Forecast, by End-use Industry

    10.1. Introduction

    10.2. India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by End-use Industry, 2019–2027

        10.2.1. Energy & Power

        10.2.2. Automobile

        10.2.3. Manufacturing

        10.2.4. Household Appliances

        10.2.5. Others

    10.3. India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Attractiveness Analysis, by Application

11. India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Analysis and Forecast, by Zone

    11.1. Key Findings

    11.2. India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, by Zone, 2018–2027

        11.2.1. North 

        11.2.2. West

        11.2.3. South

        11.2.4. East 

12. Competition Landscape

    12.1. India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Share Analysis, by Company, 2018

    12.2. Market Players-Competition Matrix

        12.2.1. SAIL (Steel Authority of India Limited) 

        12.2.2. JSW Steel Limited 

    12.3. Company Profiles

        12.3.1. JSW Steel Limited 

        12.3.2. Tata Steel Limited

        12.3.3. ThyssenKrupp Electrical Steel India Pvt Ltd 

        12.3.4. SAIL (Steel Authority of India Limited)

        12.3.5. Enpar Steels Private Limited 

        12.3.6. Magnetic Metal Industries

        12.3.7. Nomax Electrical Steel Pvt. Ltd.

        12.3.8. Shree Nakoda Lamination

13. Key Primary Insights

List of Tables 

Table 1 India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) Forecast, by Coating Type, 2018–2027

Table 2 India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value (US$ Mn) Forecast, by Coating Type, 2018–2027

Table 3 India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) Forecast, by Application, 2018–2027

Table 4 India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value (US$ Mn) Forecast, by Application, 2018–2027

Table 5 India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) Forecast, by End-use Industry, 2018–2027

Table 6 India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value (US$ Mn) Forecast, by End-use Industry, 2018–2027

Table 7 India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) Forecast, by Zone, 2018–2027

Table 8 India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value (US$ Mn) Forecast, by Zone, 2018–2027

Table 9 North India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) Forecast, by Coating Type, 2018–2027

Table 10 North India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value (US$ Mn) Forecast, by Coating Type, 2018–2027

Table 11 North India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) Forecast, by Application, 2018–2027

Table 12 North India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value (US$ Mn) Forecast, by Application, 2018–2027

Table 13 North India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) Forecast, by End-use Industry, 2018–2027

Table 14 North India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value (US$ Mn) Forecast, by End-use Industry, 2018–2027

Table 15 South India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) Forecast, by Coating Type, 2018–2027

Table 16 South India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value (US$ Mn) Forecast, by Coating Type, 2018–2027

Table 17 South India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) Forecast, by Application, 2018–2027

Table 18 South India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value (US$ Mn) Forecast, by Application, 2018–2027

Table 19 South India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) Forecast, by End-use Industry, 2018–2027

Table 20 South India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value (US$ Mn) Forecast, by End-use Industry, 2018–2027

Table 21 East India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) Forecast, by Coating Type, 2018–2027

Table 22 East India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value (US$ Mn) Forecast, by Coating Type, 2018–2027

Table 23 East India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) Forecast, by Application, 2018–2027

Table 24 East India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value (US$ Mn) Forecast, by Application, 2018–2027

Table 25 East India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) Forecast, by End-use Industry, 2018–2027

Table 26 East India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value (US$ Mn) Forecast, by End-use Industry, 2018–2027

Table 27 West India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) Forecast, by Coating Type, 2018–2027

Table 28 West India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value (US$ Mn) Forecast, by Coating Type, 2018–2027

Table 29 West India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) Forecast, by Application, 2018–2027

Table 30 West India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value (US$ Mn) Forecast, by Application, 2018–2027

Table 31 West India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) Forecast, by End-use Industry, 2018–2027

Table 32 West India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value (US$ Mn) Forecast, by End-use Industry, 2018–2027

List of Figures 

Figure 1 Electric Car Sales, by Country, 2018

Figure 2 India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Volume (Kilo Tons) and Value (US$ Mn) Forecast, 2019–2027

Figure 3 CRNO Steel Lamination Production Analysis, by Zone 

Figure 4 Pricing Analysis & Trend for Cold Rolled Non-grain Oriented (CRNO) Steel Lamination, by Coating Type (US$/Ton)

Figure 5 Pricing Analysis & Trend for Cold Rolled Non-grain Oriented (CRNO) Steel Lamination, Application (US$/Ton)

Figure 6 India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value Share Analysis, by Coating Type, 2018 and 2027

Figure 7 India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Attractiveness Analysis, by Coating Type

Figure 8 India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value Share Analysis, by Application, 2018 and 2027

Figure 9 India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Attractiveness Analysis, by Application

Figure 10 India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value Share Analysis, by End-use Industry, 2018 and 2027

Figure 11 India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Attractiveness Analysis, by End-use Industry

Figure 12 India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Value Share Analysis, by Application, 2018 and 2027

Figure 13 India Cold Rolled Non-grain Oriented (CRNO) Steel Lamination Market Share Analysis, by Company, 2018

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