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Global Soft Magnetic Materials Analysis with Key Players, Applications, Trends and Forecasts by 2024

04-09-2019 11:54 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: PS Intelligence

Global Soft Magnetic Materials Analysis with Key Players,

The global soft magnetic materials market has been segmented on the basis of material type, application and end-user. On the basis of material type, the market has been segment into soft ferrite, electrical steel and cobalt. The electrical steel segment is expected to witness significant growth, during the forecast period, due to electrical steel properties such as high permeability, electrical insulation, minimal magnetic losses, low coercivity and high electrical resistivity to iron.

Browse a overview of this report @ www.psmarketresearch.com/market-analysis/soft-magnetic-materials-market

On the basis of end-user, the market has been categorized into electronics and telecommunications, automotive and electrical. The automotive industry uses the soft magnetic materials for anti-lock brake systems, fuel injectors, motors, compressors and various rotating devices. On the basis of application, the market has been segmented into motors, transformers and alternators.

The global soft magnetic materials market is expected to witness significant growth, during the forecast period, on account of increasing demand from automotive industry, new product development, and increasing application in motors, transformers and alternators. Additionally, increasing demand from the developing nations is offering new growth opportunities for the global soft magnetic materials manufacturers. Contrary to it, fluctuation in raw material prices is expected to have adverse ripple effects on the growth of the global soft magnetics materials market.

The North American market is expected to witness significant growth driven by technological advancement in the field of soft magnetic materials during the forecast period. The European region is expected to witness steady growth in the global soft magnetic materials market, during the forecast period. The European region acts as an epicenter for the global automotive manufacturing companies

Get a free sample copy of this report @ www.psmarketresearch.com/market-analysis/soft-magnetic-materials-market/report-sample

Some of the key companies in the global soft magnetic materials market are Hitachi Metals Co. Ltd., Toshiba Materials Co. Ltd., Daido Steel Company Ltd, Steward Advanced Materials, Sintex a/s, Vacuumschmelze GmbH & C0. Kg, GKN Sinter Metals, and Mate Co. Ltd.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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