Sintered Soft Magnetic Material: Market Introduction
Sintered soft magnetic materials are produced by uniaxial pressing and sintering of alloyed powder at elevated temperatures. Depending on the application, there are material choices iron phosphorus (FeP), pure iron (Fe), iron silicon (FeSi), iron nickel (FeNi), iron cobalt (FeCo), and ferritic stainless steels. The sintered soft magnetic material are used to escort or escalate a magnetic field. Their purpose in an electromagnetic circuit may be to turn an electrical signal into motion or to transform a motion into an electrical signal based on their capacity to be magnetized or demagnetized easily and rapidly when a magnetic field is applied or removed. Sintered soft magnetic material is in many ways superior to other materials. Because of their complex close-net form and high strength, they are guaranteed excellent magnetic characteristics and 100% raw material utilization.
The Sintered soft magnetic material market is driven by a growing demand for soft magnetic materials from the auto industry, disruptive innovation that led to the launch of new products, the proliferation of the use of sintered soft magnetic material for electric motors, transformers, and alternative engines, and fast upgrading of infrastructure. In developed countries, booming demand for sintered soft magnetic material would open new directions for market over the expected horizon. Extensive R&D is stimulating the sintered soft magnetic material market growth. The volatile prices of raw materials, on the other hand, restrict business evolution. The key challenge for sintered soft magnetic material market is to reduce electric current losses in soft magnetic materials.
The superior performance and numerous advantageous features includes good permeability and minimizing the eddy current loss has increased the widespread adoption of sintered soft magnetic materials in different end-user industries. In the sintered soft magnetic material industry, automotive applications is the most important consumer. These materials can be used for major automotive applications, including anti-lock breakage systems, fuel injectors, engines, compressors, other rotational machines, etc.
Many leading players in the chemical industry have extended their business to become active in the manufacture of safe goods. Companies are using new manufacturing technologies to reduce their reliance on the workforce. They are rapidly incorporating advanced digital capabilities to incorporate systematic logistics and supply chains to ensure the efficient distribution of goods.
Global Sintered Soft Magnetic Material Market is Experiencing massive decline as COVID-19 Outbreak
The shortage of Chinese manufacturers' supply of raw materials has created a significant gap in demand-supply of sintered soft magnetic material and chenicla industry as a whole. Manufacturers are also projected to be deserted on raw material orders due to a major effect on the logistics sector due to a lockdown in COVID-19. However, manufacturers are expected to switch away from China in an attempt to minimize potential business risks and to restrict the supply chain of manufacturers in a single country.
Segmentation Analysis of Global Sintered Soft Magnetic Material Market
Global Sintered Soft Magnetic Material Market is divided into three key categories: Material type, End use, and Region.
On the basis of material type, the global market for Sintered Soft Magnetic Material is divided into:
- Electric Steel
On the basis of end use, the global market for Sintered Soft Magnetic Material is divided into:
- Electronics & Telecommunications
Based on the region, the global market for Sintered Soft Magnetic Material is segmented as:
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
Sintered Soft Magnetic Material Market: Regional Outlook
The Asia Pacific held the largest share of the sintered soft magnetic material market in 2019 and this trend is expected to continue over the forecast period, due to increased attention on electricity distribution, electric vehicle production, consumer goods and medical appliances. Countries like India have tremendous investment potential, with the country's electricity demand forecast to be above 15,000 TWh by 2040. Another driving force of the power sector is the gradual change to renewable energy, a strong indicator of growth in the sintered soft magnetic material market.
Sintered Soft Magnetic Material Market: Competition Outlook
Major players operating in the sintered soft magnetic material market include GKN Sinter Metals Engineering GmbH, MATE CO., LTD, AMES, ASCO Sintering Co., Meyer Sintermetall AG, Sintex a/s, Arnold Magnetic Technologies, Hitachi Metals Co. ltd., Toshiba Materials Co. Ltd., Daido Steel Company Ltd. Players are taking different organic and inorganic strategies to boost their market share and sintered soft magnetic material portfolio, including new product launches and agreements.
The research report presents a comprehensive assessment of the sintered soft magnetic material market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. This sintered soft magnetic material market report provides analysis and information, according to market segments such as material type, end use, and region.
The Global Sintered Soft Magnetic Material Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Global Sintered Soft Magnetic Material Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, RoE)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, ANZ, Rest of Oceania)
- MEA (GCC Countries, South Africa, Turkey, Rest of MEA)
The sintered soft magnetic material market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The global sintered soft magnetic material market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The global sintered soft magnetic material market report also maps the qualitative impact of various market factors on market segments and geographies.
The Global Sintered Soft Magnetic Material Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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