Soft magnetic materials are defined as those materials which have steep rising magnetization curve along with comparatively narrow hysteresis loop and small energy losses for every cycle of magnetization. Such kinds of material are commonly used in the motor application as it improves the field produced by motor winding. Also, generally iron-based materials are incorporated in motor uses which includes iron-silicon and iron-cobalt alloys. Currently, powder metallurgical technique is used mainly to produce motor components. Soft magnetic materials helps to minimize eddy current loss which may cause increase in the efficiency of the motors.
MARKET DYNAMICS
The soft magnetic materials market has witnessed a significant growth owing to factors such as growing demand of soft magnetic materials from the automotive industry. Further, new product launches is significantly increasing their demand in the global soft magnetic materials market. However, volatility in the prices of raw material is projected to hamper the soft magnetic materials market growth over the projected period. Nevertheless, growing demand from emerging economis is further expected to fuel the growth of the market.
MARKET SCOPE
The "Global Soft Magnetic Materials Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the soft magnetic materials market with detailed market segmentation by material type, application, end use industry and geography. The global soft magnetic materials market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading soft magnetic materials market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global soft magnetic materials market is segmented on the basis of material type, application and end use industry. On the basis of material type, the soft magnetic materials market is segmented into electrical steel, soft ferrite, cobalt and others. On the basis of application, the soft magnetic materials market is segmented into motors, transformers, alternators and others. On the basis of end use industry, the soft magnetic materials market is segmented into automotive, electronics and telecommunications, electrical and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global soft magnetic materials market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The soft magnetic materials market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the soft magnetic materials market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the soft magnetic materials market in these regions.
MARKET PLAYERS
The reports cover key developments in the soft magnetic materials market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from soft magnetic materials market are anticipated to lucrative growth opportunities in the future with the rising demand for soft magnetic materials in the global market. Below mentioned is the list of few companies engaged in the soft magnetic materials market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the soft magnetic materials market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ames SA
- Arnold Magnetic Technologies
- Daido Steel Co. Ltd
- GKN Sinter Metals
- Hitachi Metals Ltd.
- Mate Co. Ltd.
- SG Technologies
- Sintex A/S
- Steward Advanced Materials
- Vacuumschmelze GmbH and Co. Kg