The global soft magnetic materials market is projected to reach USD 28.15 Billion by 2021, at a CAGR of 7.8%, from 2016 to 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. The growing automotive end-user industry is one of the major drivers for the soft magnetic materials market.
The global soft magnetic materials market is segmented into end-user industry type, application type, material type, and region. The soft magnetic materials market, by material type is further segmented into electrical steel, soft ferrite, and cobalt, among others. Electrical steel based soft magnetic materials had the largest market share in terms of value in the year 2016 owing to the high demand from various applications such as motors, alternators, and among others.
The soft magnetic materials market, by application type is segmented into motors, transformers, and alternators, among others. The market of soft magnetic materials in motors is expected to grow at a faster rate during the forecast period due to the increasing demand for motors in the automotive and electrical industries both, in terms of value and volume.
Automotive is projected to be the largest and the fastest-growing end-user industry in the soft magnetic materials market during the forecast period. The major automotive applications include, anti-lock brake systems, fuel injectors, motors, compressors, and other rotating devices, among others.
Companies such as Hitachi Metals Co. ltd. (Japan), Toshiba Materials Co. Ltd. (Japan), Daido Steel Company Ltd (Japan), Steward Advanced Materials (U.S.), Sintex a/s (Denmark), are the leading market players in the global soft magnetic materials market. They have been adopting various organic and inorganic growth strategies such as new product developments and agreements to strengthen their market shares.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Macro Economic Overview And Key Trends
7 Soft Magnetic Materials Market, By Material Type
8 Soft Magnetic Materials Market, By Application
9 Soft Magnetic Material Market, By End-Use Industry
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
- Ames Sa
- Daido Steel Co. Ltd.
- Gkn Sinter Metals
- Hitachi Metals Ltd.
- Mate Co. Ltd.
- SG Technologies Limited
- Sintex A/S
- Steward Advanced Materials
- Toshiba Materials Company Ltd.
- Vacuumschmelze Gmbh & C0. Kg
For more information about this report visit http://www.researchandmarkets.com/research/fcpvnj/soft_magnetic
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SOURCE Research and Markets