Global Soft Magnetic Alloys Market Growth 2023-2029

Global Soft Magnetic Alloys Market Growth 2023-2029

Soft magnetic alloys are ferromagnetic materials that are easy to magnetize and demagnetize. In order to provide the best magnetic properties, these soft iron-based alloys have very low carbon, nitrogen and oxygen content. They rely on various added phosphorus, nickel and silicon to optimize the magnetic flux density, permeability and coercivity.
LPI (LP Information)' newest research report, the “Soft Magnetic Alloys Industry Forecast” looks at past sales and reviews total world Soft Magnetic Alloys sales in 2022, providing a comprehensive analysis by region and market sector of projected Soft Magnetic Alloys sales for 2023 through 2029. With Soft Magnetic Alloys sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Soft Magnetic Alloys industry.
This Insight Report provides a comprehensive analysis of the global Soft Magnetic Alloys landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Soft Magnetic Alloys portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Soft Magnetic Alloys market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Soft Magnetic Alloys and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Soft Magnetic Alloys.
The global Soft Magnetic Alloys market size is projected to grow from US$ 3259.8 million in 2022 to US$ 6535 million in 2029; it is expected to grow at a CAGR of 6535 from 2023 to 2029.
Global core soft magnetic alloys manufactures include Sandvik, VACUUMSCHMELZE, Aperam etc. The top 2 companies hold a share about 20%. China is the largest market, with a share about 30%, followed by Europe and North America both with the share about 20%. In terms of product, Fe-Ni/Fe-Co alloy is the largest segment, with a share over 65%. And in terms of application, the largest application is new energy vehicles, followed by consumer electronics and power.
This report presents a comprehensive overview, market shares, and growth opportunities of Soft Magnetic Alloys market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Low Carbon Steel / Fe-Si Alloy
Fe-Ni / Fe-Co Alloy
Amorphous / Nanocrystalline Alloy
Others
Segmentation by application
Consumer Electronics
Power
New Energy Vehicles
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Sandvik
VACUUMSCHMELZE
Aperam
VDM Metals
Advanced Technology & Materials
Yunlu Energy
Carpenter
POCO Holding
Ugitech
Hitachi-Metals
KeDa Magnetoelectricity
Nippon Yakin
Ualloy Material
JLC Electromet
GangYan Special Alloy
NiWire Industries
Beiye
Key Questions Addressed in this Report
What is the 10-year outlook for the global Soft Magnetic Alloys market?
What factors are driving Soft Magnetic Alloys market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Soft Magnetic Alloys market opportunities vary by end market size?
How does Soft Magnetic Alloys break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.