Soft Magnetic Materials Market worth 28.15 Billion USD by 2021 - PowerPoint PPT Presentation


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Soft Magnetic Materials Market worth 28.15 Billion USD by 2021


Soft magnetic materials offer good permeability and also help in the reduction of eddy current losses. Thus soft magnetic materials are extremely useful in various applications such as motors, transformers, and alternators. Companies are investing in R&D for the development and manufacture of high quality soft magnetic materials – PowerPoint PPT presentation

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Title: Soft Magnetic Materials Market worth 28.15 Billion USD by 2021

MarketsandMarkets Presents
  • Soft Magnetic Materials Market worth 28.15
    Billion USD by 2021

  • The report "Soft Magnetic Materials Market by
    Material Type (Soft Ferrite, Electrical Steel,
    Cobalt), Application (Motor, Transformer,
    Alternator), End User Industry (Automotive,
    Electronics Telecommunications, Electrical) -
    Global Forecast to 2026", is projected to reach
    USD 28.15 Billion by 2021, growing at a CAGR of
    7.8, from 2016 to 2021. The increasing demand
    for materials that can reduce eddy current loss
    and offer good permeability is driving the usage
    of soft magnetic materials in many end-user
    industries such as automotive, electronics
    telecommunications, and electrical, among others.

  • Browse
  • 72 market data tables and 43 figures spread
    through 125 pages and in-depth TOC on Soft
    Magnetic Materials Market
  • http//
  • Early buyers will receive 10 customization
    on reports.
  • Download PDF Brochure http//www.marketsandmarke

  • Electrical steel comprises a major share of the
    soft magnetic materials market in terms of value
  • Electrical steel has the highest market share in
    the global soft magnetic materials market as it
    provides electrical insulation, high
    permeability, low coercivity, high electrical
    resistivity to iron, and minimizes magnetic
    losses. It is used in applications such as,
    electrical power transformers, motors,
    generators, and inductors. It also offers a small
    hysteresis area which eventually leads to less
    eddy current loss, thereby increasing the
    efficiency of the application.
  • Automotive is the largest end-use industry for
    soft magnetic materials in terms of volume
  • Soft magnetic materials have gained wide
    acceptance in various end-user industries,
    because of the superior performance and a number
    of advantageous properties such as, good
    permeability and the reduction of eddy current
    loss. Automotive is a major consumer in the soft
    magnetic materials market. The major automotive
    applications where these materials are used
    include, anti-lock brake systems, fuel injectors,
    motors, compressors, other rotating devices, and
    so on.

  • Asia-Pacific accounts for a major market share in
    the soft magnetic materials market
  • The growth of the soft magnetic materials market
    in the Asia-Pacific region is driven by the
     growing electronics telecommunications and
    automotive industries due to the presence of
    established players and stringent environmental
    regulations stressing upon the use of materials
    which will lead to the reduction of eddy current
    loss, thereby leading to energy savings. Some of
    the leading players such as Daido Steel Co. Ltd.
    (Japan) and Toshiba Materials Co., Ltd. (Japan)
    have accelerated their RD efforts to provide
    good quality soft magnetic materials. Moreover,
    the Asia-Pacific region is witnessing rapid
    economic development and industrialization, which
    is also giving an impetus to the soft magnetic
    materials market in the region.
  • Some of the key global players in the soft
    magnetic market are Hitachi Metals Ltd. (Japan),
    Toshiba Materials Co. Ltd. (Japan), GKN Sinter
    Metals Inc. (U.S.), Sintex a/s (Denmark) and
    others. These players have adopted various
    organic and inorganic developmental strategies
    during the past five years.
  • Speak to Analyst http//


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