Global Soft Magnetic Materials Market (2021-2026) by Material Type, Application, End-Use, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Soft Magnetic Materials Market is estimated to be USD 25.6 Bn in 2021 and is expected to reach USD 38.94 Bn by 2026, growing at a CAGR of 8.75%.

Market Dynamics

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 motor applications as it enhances the field produced by motor winding. Factors such as increasing demand for soft magnetic materials from the automotive industry, new product launches in the soft magnetic materials market, increasing usage of soft magnetic materials in motors, transformers, and alternators and development and modernization of infrastructure are drivers for the market growth. Whereas volatile raw material prices act as a restraint for the market.

Increasing demand from emerging economies is an opportunity for the market but to reduce the eddy current loss is a challenge for it.

Market Segmentation

The Global Soft Magnetic Materials Market is segmented further based on material type, application, end-use and Geography.

By Material Type, the market is classified into Electrical Steel, Soft Ferrite, Cobalt and Other segments. Amongst all segments the Electrical Steel segment is estimated to hold the highest market share during the forecast period.

By Application, the market is classified into Motors, Transformers, Alternators and other segments. Amongst all, the Motors segment is estimated to hold the highest market share during the forecast period.

By End-use Industry, the market is classified into Automotive, Electronics & Telecommunications, Electrical and Other segments. Amongst all, the Automotive segment is estimated to hold the highest market share during the forecast period.

By Geography, Asia Pacific is projected to lead the market.

Recent Developments

1. Fraunhofer IFAM launches new research area on soft magnetic materials - 30th July 2020
2. Scientists have developed a new way to cure adhesives using a magnetic field - 22nd December 2020

Company Profiles

Some of the companies covered in this report are Hitachi Metals Ltd., Toshiba Materials Company Ltd., GKN Sinter Metals, Arnold Magnetic Technologies, JFE Steel Group, Sintex A/S, Mahindra CIE, Mate Co. Ltd., etc.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Soft Magnetic Materials Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market