[FURL=https://www.industryarc.com/Report/16417/soft-magnetic-materials-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=Paidpressrelease]Soft Magnetic Materials Market[/FURL] size is forecast to reach $79.17 billion by 2025, after growing at a CAGR of 9.2% during 2020-2025. The use of soft magnetic materials is becoming critical in the various end-user industries and applications as it provides high permeability and helps minimize eddy current losses. Soft magnetic material is popularly used in the motor application as it enhances the field produced by motor winding.Key Takeaways
Asia Pacific dominates the Soft Magnetic Materials market owing to presence of iron ore mines in countries such as China and India.
Robust industrialization across Asia-Pacific countries, coupled with geographical advantages such as the presence of iron mines in India and China, is the driving force behind the soft magnetic materials market in this region.
The market drivers and restraints have been assessed to understand their impact over the forecast period. The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
The other key areas of focus include the various applications in Soft Magnetic Materials market and their specific segmented revenue.
Request for Sample of the Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=16417[/FURL]
Soft Magnetic Materials Market Segment Analysis - Geography
Asia-Pacific (APAC) dominated the Soft Magnetic Materials market growing at CAGR of 39% followed by North America and Europe. Significant factors contributing to regional market growth include growing the base of automobile producers and rising investment in the production of advanced electronics and telecommunications industries.
Soft Magnetic Materials Market Segment Analysis - By Application
Motors is projected to witness highest share in Soft Magnetic Materials market in 2019. Currently motors are typically made from silicon steels. Metal amorphous nanocomposite materials (MANCs) offer an alternative to silicone steels which, due to their high resistance, do not heat up as much and can thus rotate at much higher speeds.
Soft Magnetic Materials Market Drivers
Advancement in Soft Magnetic Material will drive the market
An advanced soft magnetic material has been developed for ac and dc motor applications. In comparison to the conventional method of stacking punched laminations, the engine components are made of a powder metallurgical process. This new material has many production advantages. It also has strong high-frequency magnetic properties, a core loss of 90 W / kg when calculated at 400 Hz and an induction of 1,5 T due to its low eddy current loss.
Soft Magnetic Materials market top 5 companies are Toshiba Materials Co., Ltd., GKN Sinter Metals Inc., Sintex a/s, Hitachi Metals, Ltd., Mate Co., Ltd.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.