Soft Magnetic Composite Market 2021 | Gross Margin, Trend, Analysis and Forecast 2031

𝐒𝐨𝐟𝐭 𝐌𝐚𝐠𝐧𝐞𝐭𝐢𝐜 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

Transparency Market Research delivers key insights on the global soft magnetic composites market. In terms of revenue, the global soft magnetic composites market is estimated to expand at a CAGR of 7.2% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global soft magnetic composites market.

The global soft magnetic composites market is broadly affected by several factors, including increase in usage of soft magnetic composites in various applications such as traction motors, air conditioning compressors, pumps (cooling, oil, etc.), DC/DC converters, high performance industrial motors, and others. Rise in global demand for high performance industrial motors has led to significant growth in usage of soft magnetic composites. Increase in usage of high performance industrial motors in the automotive industry is expected to be the primary driver of the global soft magnetic composites market.

𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.transparencymarketresearch.com/soft-magnetic-composite-market.html

𝐒𝐨𝐟𝐭 𝐌𝐚𝐠𝐧𝐞𝐭𝐢𝐜 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

The global soft magnetic composites market is consolidated, with the presence of key players. Prominent players operating in the global soft magnetic composites market include GKN Powder Metallurgy (Melrose PLC), Höganäs AB, Hitachi Metals Ltd, Rio Tinto, Sumitomo Metal Mining Co., Ltd., and Mitsubishi Materials Corporation.

𝐒𝐨𝐟𝐭 𝐌𝐚𝐠𝐧𝐞𝐭𝐢𝐜 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐬

Asia Pacific holds major share of the global soft magnetic composites market. The market in the region is anticipated to expand at a CAGR of more than 7.6% during the forecast period. Increase in demand for soft magnetic composites in various applications, such high performance industrial motors, is driving the soft magnetic composites market in Asia Pacific. China is a key country of the soft magnetic composites market in Asia Pacific. It held significant share of the soft magnetic composites market in Asia Pacific in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.

North America is also a prominent region of the global soft magnetic composites market. The U.S. led the soft magnetic composites market in North America in 2020. Increase in demand for soft magnetic composites in high performance industrial motors and pumps is driving the market in the U.S.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=60138 

𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐨𝐟𝐭 𝐌𝐚𝐠𝐧𝐞𝐭𝐢𝐜 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐒𝐨𝐟𝐭 𝐌𝐚𝐠𝐧𝐞𝐭𝐢𝐜 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥

Soft Ferrite

Electrical Steel

Iron

Others (including Supermalloys, Permalloys, and Silicon Ferrite)

𝐒𝐨𝐟𝐭 𝐌𝐚𝐠𝐧𝐞𝐭𝐢𝐜 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Traction Motors

Air Conditioning Compressors

Pumps (including Cooling and Oil)

DC/DC Converters

On-vehicle Chargers

Ventilation Fans

Solar Power

Industrial Motor Drives

Off-board Battery Charging

High Performance Industrial Motors

Electrical Engines & Generators

Others (including Sensors)

𝐆𝐞𝐭 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐛𝐮𝐲𝐢𝐧𝐠: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=60138 

𝐒𝐨𝐟𝐭 𝐌𝐚𝐠𝐧𝐞𝐭𝐢𝐜 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐄𝐧𝐝-𝐮𝐬𝐞

Automotive

Industrial Machinery & Equipment

Consumer Goods

Energy

Others (including Electronics)

𝐒𝐨𝐟𝐭 𝐌𝐚𝐠𝐧𝐞𝐭𝐢𝐜 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

Soft magnetic composites containing silicon ferrite are gaining prominence across regions, owing to extensive utilization and rising demand. Positive network externalities are contributing to the rapid growth of silicon ferrite.

A wide array of elements is alloyed together for the formation of soft magnetic composites. Major soft magnetic materials include soft ferrite, iron-cobalt, and silicon steel. These materials are formed via the combination of different elements, which can either be a major or minor constituent in the material. Commonly used elements in soft magnetic materials include iron (Fe), nickel (Ni), Zinc (Zn), Cobalt (Co), and manganese (Mn).

𝐂𝐥𝐢𝐜𝐤 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=60138 

Soft magnetic composites (SMCs) are extensively utilized in producing compact, high performance, and cost-efficient electromagnetic composites. These composites are majorly utilized in manufacturing automotive components such as traction motors, air conditioning compressors, pumps, on-vehicle chargers, and other bundle of components.

Manufacturers are focusing on of high performance industrial motors and pumps (cooling, oil, etc.) application segments, as the share held by these segment is likely to increase during the forecast period.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡
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