The global demand for Soft Magnetic Materials Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Soft magnetic materials are useful critical components in a wide variety of sensors to quantify magnetic fields, electric flows, relocations, and mechanical burdens. They typically have intrinsic coercivity less than 1000 Am-1. They are primarily used in applications where switching occurs quickly, and therefore a low value of coercivity less than 5Oe (∼400A/m) is desirable. It is likewise utilized for electromagnetic pole-pieces, to upgrade the fields delivered by the magnet. The principle parameter used as a figure of legitimacy for soft magnetic materials is the relative penetrability, which is a proportion of how promptly the material reacts to the applied attractive field. The other principle parameter of intrigue is the coercivity, the immersion magnetization, and the electrical conductivity.
Rapid industrialization and urbanization and the need for greater energy efficiency are factors augmenting the demand for the soft magnetic material. Flourishing production of electric motors, gearbox, alternator, induction coil, and antenna core is propelling the growth of the soft magnetic material market. The industry is pursuing improvements in the manufacture of magnetic products and improvement to the devices that use them. There has been a continuous improvement in composition and manufacturing methods. The newest type of soft magnetic material in use is amorphous and nanocrystalline alloys. Amorphous and nanocrystalline soft magnetic alloys have been paid more and more attention, even in developing countries. They can save energy not only during use but also in the preparation process.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of soft magnetic materials.
The entire soft magnetic materials market has been sub-categorized into material and end use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End Use
- Electric Steel
- Electrical & Electronics
- Energy & Power
This section covers regional segmentation which accentuates on current and future demand for soft magnetic materials market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Soft Magnetic Materials Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the soft magnetic materials market include AMES, Daido Steel, Grundfos A/S, Hitachi, Ltd., Mate Co., Ltd., Melrose Industries PLC, SG Technologies, Sumitomo Metal Mining Co., Ltd., Toshiba Materials Co., L., Rio Tinto PLC, Hoganas AB. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.