About Soft Magnet Powder
Owing to rise in sustainability concern, increasing awareness towards the reduction of greenhouse gas emission to extensive R&D in the field of soft magnet and energy paradigm shift to implement the usage of renewable energy sources is expected to drive the market in the forecasted period. Soft magnet powder refers to the material that can be easily magnetized or demagnetized. This play a vital role in many electrical and electronic systems widely used in relays, electric motors, receipt of radio signals & microwave, solenoids, electric power generation & transmission and magnetic shielding among others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Soft Magnet Powder market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Soft Magnet Powder market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Soft Magnet Powder market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GKN Sinter Metals (United States), AMES SA (Spain), Steward Advanced Materials (United States), SG Technologies Ltd. (United Kingdom), Fluxtrol Inc. (United States), FJ Industries (Denmark), Arnold Magnetic Technologies (United States), Powder Metal Group (Germany), Mate Co., Ltd. (Japan), Vacuumschmelze GmbH & Co., Ltd. (Germany) and Hitachi Metals Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Toshiba Materials Co Ltd. (Japan), Daido Steel Co Ltd. (Japan) and Sintex A/S (Denmark).
Segmentation Overview
AMA Research has segmented the market of Global Soft Magnet Powder market by Type (Soft Ferrite, Electrical Steel, Amorphous Steel, Cold-Rolled Lamination Steel, Cobalt, Silicon Steels and Other), Application (Solenoids, Alternators, Relays, Motors Transformers, Electromagnets, Earphones, Loudspeakers and Others) and Region.
On the basis of geography, the market of Soft Magnet Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-Use Industry, the sub-segment i.e. Electronics & Telecommunications will boost the Soft Magnet Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. SoftFerrite will boost the Soft Magnet Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Electronics & Telecommunications Products Are In Trend
Market Growth Drivers:
Increasing Demand for Soft Magnet Powder Due To Its Easily Magnetized and Demagnetized Property, Growing Application and Usage of Soft Magnet Powder in Many of the Electrical and Electronic Systems and Government Regulations and Support In Favour Of Using Renewable Energy Sources and Energy Efficient Machines
Challenges:
Management of Raw Material
Restraints:
Lack of Awareness About Soft Magnet Powder and Raw Materials Availability and Its Volatile Price Is Restricting the Soft Magnet Powder Market
Opportunities:
Research and Development in Field Of Soft Magnet Powder, Increase in Application of Soft Magnet Powder in Various End-Use Industries and Technological Advancement in Soft Magnet Powder Market to Develop Energy Efficient Machines
Market Leaders and their expansionary development strategies
In February 2024, Materials developer Elkem has developed an iron silicon powder, a soft magnetic material, suitable for additive manufacturing of electric motor components.
In January 2022, JFE Steel Corporation announced its recent launch of Denjiro an insulation-coated pure iron powder for soft magnetic composites ideally suited to axial gap motors (Fig. 1). The launch, which expands JFE Steel’s broad lineup of soft magnetic materials, ranging from Electrical steel sheets to soft ferrite cores, solidifies the company’s status as the world’s only one-stop supplier of optimum solutions for all types of motors and other power-supply equipment.
Key Target Audience
Soft Magnet Powder Producer, Soft Magnet Powder Supplier & Wholesaler, Raw Material Supplier, Government Agencies, Research Companies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.