Soft Magnetic Composite Market is projected to grow USD 42.1 Bn in 2030, at a CAGR of 8.1%

The soft magnetic composite market was valued at USD 19.5 Bn in 2021. The market is projected to grow USD 42.1 Bn in 2030, at a CAGR of 8.1%. Soft magnetic materials are becoming increasingly important in a variety of end-user industries and applications due to their high permeability and ability to reduce eddy current loss. Because of their superior magnetic characteristics and productivity, iron-based soft magnetic composites are a possible substitute for laminate steel in electromagnetic applications. Because electrical steel is used in only a few applications in soft magnetic composites, the electrical steel segment is expected to grow steadily throughout the projected period. Higher-performance motors are required as a result of advancements in electric mobility as well as improvements in the efficiency of home appliances and industrial equipment.

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The study’s scope includes a rating of main service providers, profits and pricing in key market segments utilizing business scenarios. The Soft Magnetic Composite research study also investigates the supply chain and industry dealers in depth. The market study also considers a number of crucial elements that influence the global industry’s growth. The report also provides a statistical picture of the global industry, indicating the number of external and internal driving and restraining factors. The Market Research study’s global market research study will feature a large amount of unique data. A number of Soft Magnetic Composite industry professionals and key opinion leaders also do extensive quantitative and qualitative research in order to obtain a better understanding of the market and industry performance.

The report provides a comprehensive analysis of company profiles listed below:

Hitachi Metals, Ltd.

Toshiba Materials Co., Ltd.

Steward Advanced Materials LLC

Sintex a/s

MMG Canada Ltd.

GKN Powder Metallurgy

Höganäs AB

Rio Tinto Metal Powders

PMG Holding GmbH

VACUUMSCHMELZE GmbH & Co. KG

Sumitomo Metal Mining Co., Ltd.

DMEGC

JFE Steel Corporation

TOKUSHU KINZOKU EXCEL CO.,LTD

Mitsubishi Materials Trading Corporation

Type Analysis of World Wide Market:

Soft ferrite

Electrical steel

Iron

Cobalt

Motors

Transformers

Generators

Sensors

Others

Segmentation of global Soft Magnetic Composite Market by Application:

Automotive

Consumer Electronics

Power Generation

Telecommunications

Others

The study report offers a comprehensive analysis of Soft Magnetic Composite Market size across the globe as regional and country level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background and sales analysis of the payers. Along with that, the report explains the major challenges and risks to face in the forecast period. Market is segmented by Type, by Application, Players, stakeholders and other participants in the global Market will be able to gain the upper hand as they use the report as a powerful resource.

Market segment by Region/Country including:

• North America (United States, Canada and Mexico)

• Europe (Germany, UK, France, Italy, Russia and Spain etc.)

• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)

• South America (Brazil, Argentina and Colombia etc.)

• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)

Scope of this Report:

• This report segments the global Soft Magnetic Composite market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.

• The report helps stakeholders understand the pulse of the Soft Magnetic Composite market and provides them with information on key market drivers, restraints, challenges and opportunities.

• This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement and acquisitions.

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This research report gives detailed data about the major factors influencing the growth of the Soft Magnetic Composite market at the global level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT Analysis, product portfolio and growth strategies. In this report, the market’s essential sides such as top participants, expansion strategies, business models and other market features to improve market insight.