Amorphous Soft Magnetic Materials Market Size, Share & Trends 2032
- Pallavi Garudkar
- 7 hours ago
- 3 min read
The Global Amorphous Soft Magnetic Materials Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Amorphous Soft Magnetic Materials Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.
The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The Amorphous Soft Magnetic Materials Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.
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Forecast Growth Projected:
The global amorphous soft magnetic materials market size was USD 522.4 million in 2019 and is projected to reach USD 728.5 million by 2027, exhibiting a CAGR of 4.7% during the forecast period.
List of the Key Players in the Amorphous Soft Magnetic Materials Market:
Hitachi Metals, Ltd. (Tokyo, Japan)
VACUUMSCHMELZE GmbH Co KG (Hanau, Germany)
CHINA AMORPHOUS TECHNOLOGY CO., LTD. (Guangdong, China)
BOMATECH (Höri, Switzerland)
Toshiba Materials Co., Ltd. (Yokohama, Japan)
AMES SA (Barcelona, Spain)
Advanced Technology & Materials Co., Ltd. (Beijing, China)
MK Magnetics Inc. (California, U.S.)
Drivers & Restraints:
High Demand for Amorphous Alloys to Accelerate Market GrowthAmorphous alloys, which are mainly composed of cobalt, nickel, and iron with silicon, phosphorus, carbon, and boron, are witnessing growing demand. Industrial consumers are increasingly focused on reducing operating costs, improving energy efficiency, and running operations more effectively. Amorphous alloys offer excellent mechanical strength and low coercive field, making them ideal for these needs. However, the availability of alternative soft magnetic materials may restrict the market’s growth potential over the coming years.
Q: Why is demand for amorphous alloys rising?
A: They help industries save energy, cut operating costs, and provide better performance due to their superior mechanical strength and low coercive field.
Q: What factor could restrain market growth?
A: The presence of substitute soft magnetic materials that may be cheaper or more easily available.
Segment Analysis:
Transformer Segment to Lead the Market: By application, the market is divided into transformers, magnetic shielding, magnetic sensors, flexible antenna, electronic article surveillance, and others. The transformer segment accounted for 55.9% of the global market share in 2019 and is expected to remain dominant. Amorphous alloys are widely used in transformer magnetic cores, resulting in:
Improved transformer efficiency
Reduced overall weight
Lower energy losses
Q: Why does the transformer segment hold the largest share?
A: Because amorphous alloys are extensively used in transformer cores, making them lighter and more efficient.
Regional Analysis:
Asia Pacific to Dominate the Market
Asia Pacific generated USD 286.1 million in 2019 and is expected to remain the largest regional market.
Key Growth Factors:
China is one of the world’s leading producers of amorphous metal transformers.
Growing demand for energy-efficient transformers.
Increasing adoption of electric vehicles (EVs) driving demand for magnetic materials.
Europe is projected to hold the second-largest share, driven by Germany’s well-established electronics industry.
Q&A:
Q: Which region leads the market and why?
A: Asia Pacific leads, largely due to China’s major role in manufacturing amorphous metal transformers and growing EV usage.
Q: What makes Europe the second-largest market?
A: Its strong electronics industry, particularly in Germany, which drives steady demand for amorphous soft magnetic materials.
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