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Nanocrystalline Soft Magnetic Materials Market

Nanocrystalline Soft Magnetic Materials Market

Nanocrystalline Soft Magnetic Material Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2021 to 2031

Nanocrystalline Soft Magnetic Materials Market
FACT771MR

Market Snapshot

According to Fact.MR, the nanocrystalline soft magnetic materials market is likely to register an impressive valuation by 2031. Increasing need for power electronics with the ability to offer high performance at high frequencies will amplify the demand and drive market expansion at around 9.5% CAGR through 2031.

Key Points Covered in Nano Crystalline Soft Magnetic Materials Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • Assessment by Product Grade / Purity / Formulation Standards
  • Assessment of Import Price, Bulk Price, Contractual Price, Producer / Distributor Price
  • Certifications and Compliance Requirements
  • COVID-19 Impact on the Nano Crystalline Soft Magnetic Materials Sales and How to Navigate
  • Recommendation on Key Winning Strategies

Consumption Analysis of Nano Crystalline Soft Magnetic Materials from 2016-2020 Vs Market Outlook for 2021 to 2031

As per Fact.MR – a market research and competitive intelligence provider, over the last 5 years, the global market for nanocrystalline soft magnetic materials expanded at close to 3% CAGR. In 2020, the market was valued at around US$ 365 Mn.

Nano crystalline soft magnetic materials exhibit high permeability, enhanced saturation flux density, low core loss, high-temperature resistance, low ageing effects, and high-frequency characteristics.

Efforts and expenditure for developing effective materials to improve product performance are likely to play a key role in market expansion.

Furthermore, automotive electrification and rising competition between key players in the global market are expected to drive market growth.

All these factors create an ideal environment for nano crystalline soft magnetic materials growth,  expected to grow at nearly 9.5% CAGR by 2031.

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How is Automotive Electrification Fueling Global Market Demand?

Electric vehicles have created significant demand for compact-sized power supply circuits with reduced weight. Continuous downsizing and space-saving designs generate noise at high-frequency ranges, which cannot be suppressed by conventional soft magnetic materials. 

Thus, electro-mobility is considered to be one of the most recent and dynamically emerging areas where nano-crystalline soft magnetic materials will witness high adoption.

According to research conducted by International Energy Agency, in European countries, Battery Powered Electric Vehicles registrations accounted for 54% of electric car registrations in 2020, continuing to exceed those of plug-in hybrid electric vehicles (PHEVs). 

Increasing consumption of nano crystalline soft magnetic materials in electric vehicles and other range of applications like inverters, onboard chargers, batteries, DCDC converters, and motors will create lucrative avenues for market players. 

Furthermore, robust growth of the electric and hybrid vehicles market with increased adoption of nano crystalline soft magnetic materials in automotive is poised to drive the market at a CAGR of ~10% during the forecast period (2021-2031).

How is Demand for High-Performance Magnetic Materials Spurring Sales?

Impressive high switching frequency and low core losses offered by nano crystalline soft magnetic materials are set to make it a material of choice in power electronic applications. 

Surging demand for power electronics with the ability to offer high performance at high frequencies will amplify the demand for nano crystalline soft magnetic materials.

Additionally, attributed to its high magnetic permeability and flux density, nano crystalline soft magnetic materials have emerged as an ideal soft magnetic material in widespread applications such as transformers , reactors, and chokes for noise filters. 

Heightening demand for nano crystalline soft magnetic materials in high-frequency transformers and reactors is set to spur market growth in the coming years.

Which is the Most Opportunistic Region for Nano-Crystalline Soft Magnetic Materials Landscape?

Asia Pacific excluding Japan (APEJ) is projected to remain a hotspot for key market players during the forecast period. East Asia accounted for bulk of the consumption of nano crystalline soft magnetic materials, accounting for over 1/4th of the global consumption in 2020. 

Massive industrialization in the Asia Pacific region along with the growing need for electricity transmission from generators is boosting the market.

China is the largest producer and exporter of consumer electronics, rendering it as the largest consumer of nano crystalline soft magnetic materials across the globe. The country has a vast power generation sector and is a leading producer of electric vehicles.

Moreover, ongoing strategic investments by the Chinese government to advance the electronics and automotive sector and support the electric vehicle industry will result in additional demand for nano crystalline soft magnetic materials.

According to the International Energy Agency (IEA), China possesses the largest fleet, with 4.5 million electric cars, recording over 1.2 million new registrations in 2020. Hence, owing to these trends, the market across APEJ appears highly promising.

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Country-Wise Analysis

What is the Demand Outlook for Nano Crystalline Soft Magnetic Materials in the U.S.?

The outbreak of the COVID-19 pandemic had a negative impact on the demand for nano crystalline soft magnetic materials in the U.S. 

According to IEA, in 2020, 295,000 new electric cars were registered in the U.S., of which about 78% were BEVs, down from 327,000 in 2019.

In 2021, the market demand is projected to bolster. The U.S. government, in February 2021, announced measures to reduce the dependence on China for rare-earth (RE) magnets. The shortage has prompted the U.S government to subsidize and stimulate domestic RE mining, metal-making, and magnet manufacturing.

These steps taken to improve domestic manufacturing will enhance the regional presence and product offerings to expand the demand. 

What are the Growth Opportunities for Nano Crystalline Soft Magnetic Materials in Germany?

In the last quarter of 2020, countries like Germany and France announced increased support measures towards electric vehicles to support the European Union’s existing policies and regulations. 

According to a report published by the European Commission, the applications of nano crystalline soft magnetic materials in the electronic industry have surged owing to their attributes. 

Germany is projected to be the most lucrative region across Europe owing to the increased demand from the automotive sector for the production of electric vehicles. In 2020, Germany registered 395,000 new electric cars. 

Moreover, Germany’s federal government announced that it intends to register 7 to 10 million electric vehicles in the country by the end of this decade. 

Based on these factors, the market for nano crystalline soft magnetic materials is projected to be highly lucrative in Germany during the forecast period. 

Category-Wise Analysis

How is Increasing Demand for Transformers Driving Market Expansion?

Demand for industrial control transformers has remained significantly high in a wide range of end-use industries, as the need for stepped-down voltage is an important aspect for the seamless working of machine tool control devices in isolating control circuits.

Manufacturers in the industrial control transformers market are adopting strategies to ensure compliance with international as well as local standards to gain an edge in the market. 

As per Fact.MR’s projections, the global demand for electricity is projected to reach around 38,700 terawatt-hours by 2050, increasing the demand for nano crystalline soft magnetic materials. 

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How is the Semiconductor Industry Propelling Growth?

The semiconductor industry has been propelling growth in the global market for nano crystalline soft magnetic materials. In July 2021, the Semiconductor Industry Association (SIA) announced that global semiconductor industry sales were $43.6 billion in the month of May 2021, an increase of 26.2% from May 2020. 

The global semiconductor market is the backbone of every other technological industry and advancement. The semiconductor market serves almost every producer of consumer electronics and is projected to expand continuously. 

How Has COVID-19 Impacted Demand for Nano Crystalline Soft Magnetic Materials?

The COVID-19 outbreak has exposed businesses to several challenges across the world. Production facilities and supply chains have been affected. Key manufacturing industries have registered immense downsizing of their operations, owing to a majority of employees working from home.

Demand for electric vehicles and other electronics declined. Supply-side shocks are perhaps some of the most visible effects of the pandemic’s impact on the market.

Companies that are located in countries badly affected by the virus or those that are dependent on supply chains located in affected countries are the immediate victims of the pandemic.

Countries have effectively shut down their production units, putting a strain on equipment manufacturers. Major countries such as the U.S. are taking measures to reduce the dependence on China for various materials and the supply chain of product manufacturers has been affected.

2021 is projected to be better, with the market regaining its original traction by 2022.

Several key manufactures, such as Hitachi Construction Machinery Co., Ltd., have reported that the spread of the pandemic has affected the company’s production activities globally, owing to a prolonged tightening of restrictions by governments, including bans on international travel. 

The company’s operations in Japan and Indonesia have remained unaffected while its operations in India have ceased until further notice.

Policymakers worldwide have announced massive monetary and fiscal stimuli measures to mitigate the pandemic’s economic fallout to keep financially starved businesses stay afloat. These measures are anticipated to leverage the global nano crystalline soft magnetic materials market.

Competitive Landscape

Nano crystalline soft magnetic materials market is a highly consolidated market in which a small group of players accounts for near half of the global sales. 

To address the increasing demand for high-performance soft magnetic materials, players have launched a new range of products. Further, prominent players have focused their cash reserves to optimize the manufacturing process, maintaining their supremacy in the market during the forecast period.

For instance, in 2020, LG Innotek announced the launch of a highly efficient ferrite with the lowest power loss in the world. The high-efficiency ferrite developed by LG Innotek has a maximum of 40% less power loss from heat compared to general ferrite. 

In addition to this, Hitachi Metals Ltd. successfully commissioned its new FINEMET Ribbon production line at plant Metglas Yasugi Works.

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Nano Crystalline Soft Magnetic Materials Market Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Brazil
  • Mexico
  • Argentina
  • GCC
  • South Africa

Key Market Segments Covered

  • Classification
  • End-User
  • Application
  • Region

Key Companies Profiled

  • Hitachi Metal
  • Advanced Technology
  • VACUUMSCHMELZE
  • Qingdao Yunlu
  • China Amorphous Technology
  • Henan Zhongyue
  • Foshan Huaxin
  • Londerful New Material
  • Orient Group
  • Bomatec
  • OJSC MSTATOR
Customization & Pricing

Available upon Request

Key Market Segments in Nano Crystalline Soft Magnetic Materials Industry Research

Fact.MR has segmented the market on the basis of classification, application, end-use industry, and region.

  • Classification

    • One Dimensional
    • Two Dimensional
    • Three Dimensional
  • Application

    • Transformers
    • Portable
    • Transmission
    • Distribution
    • Motors
    • 1hp-100hp
    • 101hp-200hp
    • 201hp-1000hp
    • Above 1000hp
    • Inductors
    • Generators
  • End Use Industry

    • Consumer Electronics & Applications
    • Healthcare
    • Automotive
    • Semiconductor
  • Region

    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • Japan
    • Asia Pacific excluding Japan
    • Middle East & Africa

Nano Crystalline Soft Magnetic Materials Market- Scope of Report

A recent study by Fact.MR on the nano crystalline soft magnetic materials market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market.

This report explicates vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering nano crystalline soft magnetic materials.

The study also provides the dynamics responsible for influencing the future status of the nano crystalline soft magnetic materials market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies operating in the nano crystalline soft magnetic materials market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers a comprehensive analysis of diverse features, including production capacities, demand, product developments, revenue generation, and sales of nano crystalline soft magnetic materials across the globe.

A comprehensive estimate of the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of nano crystalline soft magnetic materials during the forecast period. Price point comparison by region with the global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative nano crystalline soft magnetic materials markets?
  • Which factors will impact the growth of nano crystalline soft magnetic materials market?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the nano crystalline soft magnetic materials industry?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Estimates at global and regional levels for nano crystalline soft magnetic materials market are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. 

A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. 

Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global nano crystalline soft magnetic materials market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which has helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the nano crystalline soft magnetic materials market during the forecast period.

Country-specific valuation on demand for nano crystalline soft magnetic materials has been offered for each region, along with market scope estimated rates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. 

For all regional markets, Y-o-Y growth estimates have also been incorporated in the report. Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of nano crystalline soft magnetic materials, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering nano crystalline soft magnetic materials have been brought with the help of a detailed dashboard view.

Market share analysis and comparison of prominent players provided in the report permit report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which includes essentials such as product portfolios and key strategies, along with an all-inclusive SWOT analysis on each player. 

Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the nano crystalline soft magnetic materials domain. 

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the nano crystalline soft magnetic materials industry, and reach conclusions on the future growth parameters. 

This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases.

Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

- FAQs -

As of 2020, sales of nano crystalline soft magnetic materials were valued at US$ 365 Mn

Sales of nano crystalline soft magnetic materials are projected to rise at a CAGR of 9.5% by 2031

Global market for nano crystalline soft magnetic materials expanded at close to 3% CAGR during 2016-2020

Increasing automotive electrification is majorly spurring sales of nano crystalline soft magnetic materials

Asia Pacific excluding Japan (APEJ) is likely to present significant growth opportunities in the long-run

China, U.S, Germany and France are likely to remain frontrunners of the global demand for nano crystalline soft magnetic materials

Sales in the U.S are rising amid increased emphasis on domestic rare earth magnets mining to be used across EVs

Hitachi Metals Ltd., VacuumSchmelze, Magnetec, and Bomatec are identified as the leading nano crystalline soft magnetic material producers.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.