0
2019
Soft Magnetic Materials Market

Soft Magnetic Materials Market

by Material (Cobalt, Iron, Nickel, Electric Steel, and Others) and End Use (Automotive, Electrical & Electronics, Telecommunication, Energy & Power, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026

Report Code: A02115
Pages: 198
Tables: 102
Charts: 68
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

Soft Magnetic Materials Market Outlook - 2026

The global soft magnetic materials market was valued at $47.3 billion in 2018, and is projected to reach $87.2 billion by 2026, growing at a CAGR of 8.8% from 2019 to 2026.

Materials with a steep rising magnetization curve, relatively small and narrow hysteresis loop and consequently small energy losses for each cycle of magnetization are called soft magnetic materials. Soft magnetic material is popularly used in the motor application as it enhances the field produced by motor winding.  Moreover, mostly iron-based materials are used in motor application that include iron-silicon and iron-cobalt alloys. At present powder metallurgical process is used mainly to make motor components. Soft magnetic materials reduce eddy current loss that lead to increase in the efficiency of the motors.

for the global soft magnetic materials market is heading toward an expansion phase in its industry life cycle and is on the verge of exploring various growth opportunities. This is mainly due to superior properties of soft magnetic material over other materials. Furthermore, increase in demand for soft magnetic materials from the automotive industry is one of the major drivers of the market. This increasing demand is driven by the growing use of high functional automotive components such as gearbox, alternator, induction coil, and antenna core.

Soft Magnetic Material Market

Soft magnetic material used in electric motors is mainly adopted in electric vehicles owing to benefits such as low noise, compact design, and energy savings. In addition, soft magnetic materials are widely used in stators of brushless DC motors, stepper motors, brushed DC motors, switch reluctance motors, claw pole motors, transformers, and alternators. Owing to the properties such as low coercivity, high electrical resistivity to iron, high permeability soft magnetic materials acts as an electrical insulator and has less eddy current losses. Due to this factor, the demand for soft magnetic material is anticipated to increase considerably, which is expected to drive the growth of soft magnetic materials market.

The global soft magnetic materials market growth is anticipated to be hampered by unexpected fluctuations in raw material prices that result in destabilizing of supply chain and pose a challenge for manufacturers. However, increasing demand for soft magnetic materials from the developing nations such as China, India, and Malaysia, is expected to create lucrative opportunities for the growth of this market. Development of nano-structured soft magnetic material is further expected to come up with novel applications thereby developing new growth opportunities in this market.

The global soft magnetic materials market is segmented based on material, end use, and region. Depending on material, the global soft magnetic materials market size is classified into cobalt, iron, nickel, electric steel, and others. On the basis of end use, it is categorized into automotive, electrical & electronics, telecommunication, energy & power and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major key players operating in the global soft magnetic materials industry include AMES, Daido  Steel, Grundfos A/S, Hitachi, Ltd, Mate Co., Ltd., Melrose Industries PLC , SG Technologies, Sumitomo Metal Mining Co., Ltd., Toshiba Materials Co., L.

Other players operating in this market include Rio Tinto PLC, Hoganas AB, Voestalpine Stahl GmbH and Hengdian Group DMEGC Magnetics Co., Ltd. These major key players are adopting different strategies such as collaboration, partnership, product launch, joint venture, agreement and acquisition, to stay competitive in the global market.

Soft Magnetic Materials Market
By Region

2026
Asia-pacific 
North America
Europe
LAMEA

North America holds a dominant position in 2018 and would continue to maintain the lead over the forecast period.

Get more information on this report : Request Sample Pages

Asia-Pacific accounted for a major share in the global soft magnetic materials market in 2018, owing to presence of iron ore mines. Developing countries such as China and India, are the major contributors in the Asia-Pacific in terms of production and consumption. Availability of cheap labor force coupled with an aim to target untapped market areas propels soft magnetic materials manufacturers from North American and European countries to invest in the Asia-Pacific region. Robust industrialization across countries in the Asia-Pacific coupled with geographical advantages such as the presence of iron mines in India & China, are the factors that drive the soft magnetic materials market in this region.

Soft Magnetic Materials Market
By Type

Your browser does not support the canvas element.

Electric Steel is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Based on materials, the electric steel segment garnered a major share in 2018. Electric steel provides electrical insulation, high permeability, low coercivity, high electrical resistivity to iron, and minimizes magnetic losses. It is used in applications such as, electrical power transformers, motors, generators, and inductors. It also offers a small hysteresis area that eventually leads to less eddy current loss, thereby increasing the efficiency of the application. Due to favorable properties, adoption of electric steel in various application is high, which is driving its usage at robust rate by contributing in the overall market growth.  

Soft Magnetic Materials Market
By End Use

Your browser does not support the canvas element.

Electrical and Electronics is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Based on end use, the electrical and electronics segment accounted for a major soft magnetic materials market share in 2018. This was due to high demand of soft magnetic material in power transmission components, which is largely used in the electricity generation. However, automotive industry anticipated to offer promising growth considering the industry shift from fossil fuel to electric eco-system.

Key Benefits for Soft Magnetic Materials Market:

  • The soft magnetic materials market analysis covers in-depth information of the major industry participants.
  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Major countries have been mapped according to their individual revenue contribution to the regional market.
  • The report provides an in depth analysis of the soft magnetic materials market forecast for the period 2019-2026.
  • The report outlines the current soft magnetic materials market trends and future scenario of the market from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets

Soft Magnetic Materials Market Report Highlights

Aspects Details
By Material
  • Cobalt
  • Iron
  • Nickel
  • Electric Steel
  • Others
By Industry Vertical
  • Automotive
  • Electrical & Electronics
  • Telecommunication
  • Energy & Power
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players STEWARD ADVANCED MATERIALS LLC., VACUUMSCHMELZE GMBH AND CO. KG, MATE CO., LTD, SG TECHNOLOGIES, AMES, MELROSE INDUSTRIES PLC, SUMITOMO METAL MINING CO., LTD., HITACHI, LTD., DAIDO STEEL, GRUNDFOS A/S, TOSHIBA MATERIALS CO., LTD.
 

Loading Table Of Content...


 
 

The global soft magnetic material market is heading toward an expansion phase in its industry life cycle. Some of the advantages of soft magnetic material such as they are being magnetized and demagnetized based on the application develops the growth opportunities for this market. Specifically, cobalt is emerging as a dynamic material due to its effective use in the electric vehicle batteries. Since, the overall automotive industry is shifting from fuel-based to electric to create a sustainable ecosystem, this trend is anticipated to offer promising future opportunities for cobalt. On the other hand, electric steel also known as Si-Fe alloys mainly drives the demand for soft magnetic material as alloys made of Si-Fe are used to make motor cores used in transformers, ignition coils, and other high functional coils. Therefore, electric steel is the material of choice among other materials in the global soft magnetic material market. Most of the industry participants operating in the market are involved in material development to enhance soft magnetic materials for better efficiency and thus, reduce the energy loss during the process. Nano structured material is projected to be one of them, which is expected to be a new breakthrough in this market.

 

 

Purchase Options

Call or Email Us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com
 
Published Date :
Sep 2019
Author(s) : Krunal Y , Eswara P
FREQUENTLY ASKED QUESTIONS?

A. The global soft magnetic material market was valued at $47 billion in 2018

A. The forecast period considered for the global Soft magnetic material market is 2019-2026.

A. The global Soft magnetic material market was valued at $48 billion in 2019.

A. Base year considered in the global Soft magnetic material market is 2018.

A. Melrose Industries PLC, Daido Kogyo Co. Ltd., Toshiba Materials Co., Ltd., Steward Advanced Materials Inc., AMES, Mate Co., Ltd, Hitachi Metals, Ltd are the prominent companies that have acquired major market share in the global Soft magnetic material market.

A. The countries that have shown investment potential in the global Soft magnetic material market includes China, India, UK, Germany, and U.S.

A. The Asia-Pacific Soft magnetic material market accounted for the largest market share in 2018

A. Based on material, electric steel is cost effective type of material which is registering promising growth in the global Soft magnetic material market

A. France and Canada are the emerging markets in the global soft magnetic materials market, which are projected grow at a CAGR of 8.9% and 8.8% respectively.

A. Increasing adoption of high functional electric automotive components and development of nano-structured soft magnetic materials.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Sample
Related Tags

Purchase Full Report of
Soft Magnetic Materials Market

Start reading instantly.
This Report and over 71,323+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Sep 2020 - Sep 2021)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Sep 2020 - Sep 2021)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Sep 2020 - Sep 2021)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Sep 2020 - Sep 2021)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Sep 2020 - Sep 2021)
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

Related Reports
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time for readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers