Global Soft Magnetic Materials Industry 2019, Deep Market Research Report, Analysis, Forecast and Outlook
Soft Magnetic Materials Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of soft magnetic materials market by material type (soft ferrite, electrical steel, cobalt, and other material types), application (motor, transformer, and alternator), end-user industry (automotive, electronics & telecommunications, electrical) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the soft magnetic materials market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global soft magnetic materials market are Toshiba Materials Co., Ltd., GKN Sinter Metals Inc., Sintex a/s, Hitachi Metals, Ltd., Mate Co., Ltd., Daido Steel Co. Ltd., Steward Advanced Materials LLC, Arnold Magnetic Technologies Corp., Powder Metal Group, Fuxtrol, Inc., and other companies. The global soft magnetic materials market is projected to grow at a CAGR of 8.6% over the forecast period of 2019-2025.
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Rising Demand for Materials Providing Good Permeability Drives the Growth of the Soft Magnetic Materials Market
Soft magnetic materials have high electrical resistivity, low coercivity, and have lees eddy current losses. The rising demand for materials providing good permeability drives the growth of the soft magnetic materials market. The growing use of soft magnetic materials in several applications such as anti-lock brake systems, fuel injectors, and compressors contribute to the growth of the soft magnetic materials market. The surge in research and development expenditure in developing high energy efficiency vehicles promotes the growth of the soft magnetic materials market.
On the other side, fluctuations in raw material prices and destabilization of the supply chain hamper the growth of the soft magnetic materials market. Moreover, the rising research and development in soft magnetic materials such as the development of nanostructured soft magnetic materials create several opportunities for the growth of the soft magnetic materials market.
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Asia-Pacific Region is Expected to Hold a Premium Share in the Global Soft Magnetic Materials Market
Based on geography, the global soft magnetic materials market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific region is expected to hold a premium share in the global soft magnetic materials market. The increasing automotive manufacturers and growing investments in advanced electronics in Asia-Pacific drive the growth of the soft magnetic materials market in the Asia-Pacific region.
North America is anticipated to grow in the global soft magnetic materials market with a significant CAGR over the forecast period. The rising technological advancement in North America contributes to the growth of the soft magnetic materials market in North America. Europe is showing growth in the global soft magnetic materials market.
Soft Magnetic Materials Market: Segmentation
The report on the global soft magnetic materials market covers segments such as material type, application, and end-user industry. On the basis of material type, the sub-markets include soft ferrite, electrical steel, cobalt, and other material types. On the basis of application, the sub-markets include motor, transformer, and alternator. On the basis of end-user industry, the sub-markets include automotive, electronics & telecommunications, electrical, and other end-user industries.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the soft magnetic materials.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.