This report provides exclusive insights into the COVID-19 impact on the Soft Magnetic Materials Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Soft Magnetic Materials Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Soft Magnetic Materials Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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
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.