Soft Magnet Powder Market

Soft magnet powders are materials that are easily magnetized and demagnetized. This powder plays an important role in many of the electrical and electronic systems and is used in electric motors, receipt of radio signals & microwaves, relays, solenoids, magnetic shielding, electrical power generation & transmission, and electromagnets. According to the new energy standards, which comprises greater dependence on renewable energy sources and energy efficient motors & machines, has fast-tracked research in development of soft magnet powder for energy-related technologies. New materials with higher energy competence includes soft ferrite, electrical steel, amorphous steel, cold-rolled lamination steel, cobalt, silicon steels, low carbon steel alloy, aluminum, phosphorus, chromium, and sintered iron powder.

Energy paradigm shift to implement usage of renewable energy sources and government regulations encouraging to use energy efficient systems is expected to drive the market growth. Rise in sustainability concerns and awareness toward reduction of greenhouse gas emissions leads to extensive R&D in the field of soft magnet powder, which fuels the market growth. In addition, increase in application of soft magnet powder in various end-use industries further fuel the market growth. In automotive industry, soft magnetic powder is used to manufacture induction coils and fuel injectors in diesel engines. In electrical industry, it finds applications in the production of stators of claw pole motors, brushless DC motors, brushed DC motors, stepper motors, switch reluctance motors, transformers, and alternators. However, volatile prices of raw materials restrain the market growth. Increase in demand of soft magnet powder from emerging economies such as China, India, Brazil, and others are expected to open new avenues for the market player.

The report on the global soft magnet powder market exclusively focuses on material, application, end-use industry, and geography. Based on the materials, the market is classified into soft ferrite, electrical steel, amorphous steel, cold-rolled lamination steel, cobalt, silicon steels, low carbon steel alloy, aluminum, phosphorus, chromium, and sintered iron powder. On the basis of application, it is divided into alternators, motors transformers, electromagnets, solenoids, relays, choke coils, loudspeakers, earphones, and others. By end-use industry, it is categorized into electrical, electronics & telecommunications, automotive, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

• The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global soft magnet powder market to elucidate the prevailing opportunities and potential investment pockets.
• It offers qualitative trends as well as quantitative analysis for the period of 20162023 to assist stakeholders to understand the market scenario.
• In-depth analysis of the key segments demonstrates the materials use for producing soft magnet powder and its application.
• Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
• The key players in the market are profiled along with their strategies and developments to understand the competitive outlook of the industry.

 Soft Magnet Powder Market Report Highlights