A variety of reasons continue to affect the soft magnetic composites (SMCs) industry, most notably increased palpability of silicon ferrite in inductors and increasing desire for soft magnetic materials in electronic components. According to a recent Fact.MR report, global sales of soft magnetic materials topped US$ 18,000 Mn in 2018. The focus of utility equipment makers on reducing core losses and harnessing renewable energy sources to satisfy rising power demand will drive demand for soft magnetic composites much higher.
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Soft Magnetic Composites Market: Segmentation
Fact.MR has studied the soft magnetic composites market with detailed segmentation on the basis of by product, application, and region.
- Pure Iron/ Iron Powder
- Silicon Ferrite
- North America
- Latin America
- Asia Pacific Excluding Japan
- Middle East & Africa
Top producers of soft magnetic composites are also concentrating on market growth tactics by setting up new production facilities, acquiring other businesses, and working together with other market players. They are focusing on quality control, product standards, supply chain management, pricing trends, and new developments to introduce novel products following safety regulations.
- In 2019, the prominent metal powder and components supplier in the world, GKN Powder Metallurgy, acquired FORECAST 3D.
Key Companies Profiled
- Elna Magnetics
- MMG Canada Limited
- Hitachi Metals Ltd.
- Electron Energy Corporation
- Rio Tinto
- Steward Advanced Materials
- Arnold Magnetic Technologies Corporation
- Dexter Magnetic Technologies, Inc.
After reading the Soft Magnetic Composites Market report, readers can:
- Understand the drivers, restraints, opportunities and trends affecting the growth of the global .
- Analyze key regions holding significant share of the total Soft Magnetic Composites Market revenue.
- Study the growth outlook of the global Soft Magnetic Composites Market scenario, including production, consumption, history and forecast.
- Learn consumption pattern and impact of each end use on the Soft Magnetic Composites Market growth.
- Investigate the recent R&D projects performed by each Soft Magnetic Composites Market player.