Press release
Amorphous Iron Market: Demand Growing as End-Users Reduce their Reliance on Rare-Earth Magnets. || Key Players: Voestalpine Stahl GmbH, Hitachi Metals Ltd, Toshiba Corp, Sumitomo Metal Mining Co., Ltd., VACUUMSCHMELZE GmbH & Co. KG
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Increase in Iron Mine Production Keeps Prices Competitive
According to the National Minerals Information Center, US Geological Survey, the global production of crude iron ore increased from 2.5 billion metric tons to around 3.3 billion metric tons between the period 2010 and 2015. Also, the global production of usable iron ore also witnessed a significant rise from 1.8 billion metric tons to around 2.3 billion metric tons during the span of five years. Steadily increasing global production of iron is expected to amplify the availability of raw materials for amorphous iron, helping manufacturers to keep the production costs under control.
Market Structure
The information on the growth of the amorphous iron (Fe amorphous) market during the forecast period 2018-2027 featured in the Fact.MR report is divided into two main segments for the understanding of readers. The amorphous iron (Fe amorphous) market is segmented according to the applications of amorphous iron as a magnetic material and regions.
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“Amorphous iron, which is predominantly known as Fe amorphous, is an iron alloy in the disorderly structure and it is commonly used in electrical applications or power distribution systems, such as motors, inductors, generators, or transformers. With the conductive characteristics and magnetic properties of amorphous iron, they find a wide range of applications as a magnetic materials, which is boosting growth of the amorphous iron (Fe amorphous) market. Demand for amorphous iron is expected to surge due to the enhanced magnetism in amorphous iron that boosts energy efficiency of its applications,” says a lead analyst at Fact.MR.
The Fact.MR report provides comprehensive information about competitive environment and company developments in the amorphous iron (Fe amorphous) market. The report provides key financials and information on winning strategies of amorphous iron (Fe amorphous) market players including GKN plc. (Hoeganaes Corporation), Rio Tinto PLC, Höganäs AB, Voestalpine Stahl GmbH, Hitachi Metals Ltd, Toshiba Corp (Toshiba Materials Co., Ltd.), Sumitomo Metal Mining Co., Ltd., VACUUMSCHMELZE GmbH & Co. KG, PMG Holding GmbH, and Hengdian Group DMEGC Magnetics Co., Ltd.
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