Download free PDF Sample: https://bit.ly/2ZVgWOH #SoftMagneticComposites #MarketAnalysis Global Soft Magnetic Composites (SMCs) Market Size by Type and by Application, 2019-2021, and 2020 (quarterly data), (US$ Million) & (MT) Global Soft Magnetic Composites (SMCs) Market Size by Region (and Key Countries), 2019-2021, and 2020.
The soft magnetic composite market was valued at USD 19.5 Bn in 2021. The market is projected to grow USD 42.1 Bn in 2030, at a CAGR of 8.1%. Soft magnetic materials are becoming increasingly important in a variety of end-user industries and applications due to their high permeability and ability to reduce eddy current loss. Because of their superior magnetic characteristics and productivity, iron-based soft magnetic composites are a possible substitute for laminate steel in electromagnetic applications. Because electrical steel is used in only a few applications in soft magnetic composites, the electrical steel segment is expected to grow steadily throughout the projected period. Higher-performance motors are required as a result of advancements in electric mobility as well as improvements in the efficiency of home appliances and industrial equipment.
Growth prospects of soft magnetic composites are lucrative in North America and East Asia, owing to the strong presence of industry behemoths in these regions. While both the regional markets are on par with each other in terms of revenue, the market in East Asia will surpass that in North America in the coming years.
The latest report on global Soft Magnetic Composites market by FMI Analysts at Future Market Insights found that the global Soft Magnetic Composites market has been evolving at a CAGR of xx% during the historic period 2014-2018. The market study suggests that the global market size of Soft Magnetic Composites is projected to reach ~US$ xx Mn/Bnby the end of 2029 with a CAGR of xx% over the stipulated timeframe 2019-2029. The COVID-19 pandemic has been posing a measurable impact on the global economy and, in turn, on the Soft Magnetic Composites market. Quarantines, traveling constraints, and social distancing measures on a broad-scale drive a steep decline in business and consumer spending until the end of Q2. This research work intends to offer market players with a viewpoint on the changing scenario and implications for the market players. To know more about this market, request a sample @ https://www.futuremarketinsights.com/reports/sample/REP-GB-869
Metal Injection Molding Market Research: Unleashing Opportunities and Insights. Explore the dynamic Metal Injection Molding (MIM) market with expert analysis and comprehensive research.
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