A recent report published by Infinium Global Research on soft magnetic materials market provides in-depth analysis of segments and sub-segments in the global as well as regional soft magnetic materials market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional soft magnetic materials market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global soft magnetic materials market. According to the report, the global soft magnetic materials market is projected to grow at a CAGR of 8.6% over the forecast period of 2019-2025.
Soft magnetic materials are easily magnetized and demagnetized. They are used in an electrical rotating machine, electromagnet, transformers, and electrical machine. Soft magnetic materials are a functional element in various sensors that measures magnetic fields, electric currents, displacements, and mechanical stresses. Companies operating in the global soft magnetic materials market are adopting strategies such as mergers, acquisitions, and new product launches that promote market growth.
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.
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.
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.
The report provides profiles of the companies in the market such as 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 report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of soft magnetic materials market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
Get free analyst support for the queries before and post purchasing report.
Be assured of 100% customer satisfaction about the research and get 24X7 customer support.
Infinium has achieved over 400%+ growth in its repository and revenue over the last 2 years. Yes, we are proud to say we are growing at a great pace and becoming a trusted partner among our clients.
sign up for our newsletter
Infinium Global Research © 2019 All Rights Reserved