The Infinium Global Research analyzes the Soft Magnetic Materials Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global soft magnetic materials market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of soft magnetic materials. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the soft magnetic materials market during the period. 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 contributes 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 number of 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.
Soft Magnetic Materials Market: Competitive Analysis
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.
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