Global Market Study on Soft Magnetic Materials: Western Europe Projected to Gain More Than 15% Market Value Share by 2026 End


Soft Magnetic Materials Market
  • Published On : Apr-2017 |
  • Pages : 130 Pages |
  • Format :

In a new publication titled “Soft Magnetic Materials Market: Global Industry Analysis and Forecast, 2016–2026,” Persistence Market Research provides a comprehensive study of the global soft magnetic materials market. While inspecting this market, the analysts have observed that companies are looking to capitalize on market opportunities in the APEJ region. The researchers have further observed that factors such as a cheap labor force, the growing automotive industry and a vast electrical and electronics hub make the APEJ region quite important for manufacturers to increase their sales revenue. The overall market approach has been studied and the expert team of analysts have come to a conclusion that soft magnetic materials manufacturers work closely to cater to increasing demand for lightweight and high performance materials. Most of the companies are vertically integrated across the supply chain. Apart from this, the researchers have felt a need to target Fe amorphous and nano crystalline materials as they are technically advanced materials that are increasingly used in high end applications.

Report Description

The value chain analysis of the global soft magnetic materials market comprises soft magnetic materials manufacturers, component manufacturers and end users. The report begins with the market definition. The market dynamics section includes Persistence Market Research’s analysis of key trends, drivers, restraints, opportunities and macro-economic factors influencing the development of the global soft magnetic materials market. The report analyzes the global soft magnetic materials market on the basis of material type, application and region and presents a forecast by value for the next 10 years. The global soft magnetic materials market has been further analyzed in terms of basis point share (BPS) to understand individual segments’ relative contributions to market growth. This detailed level of information is important for identifying various key trends in the global soft magnetic materials market.

A competitive landscape has been included in the last section of the report to provide a dashboard view of key companies operating in the global soft magnetic materials market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the global soft magnetic materials market and the potential players. This section also includes market strategies and SWOT analysis of the main players operational in the global soft magnetic materials market. Detailed profiles of soft magnetic materials manufacturers are also included in the scope of the report to evaluate their long- and short-term strategies.

Global Soft Magnetic Materials Market: Segmentation

  • By Material Type
    • SMC
      • Pure Iron/Iron Powder
      • Silicon Ferrite
      • Supermalloy
      • Permalloy
    • Soft Ferrite
    • Fe Amorphous
    • Nano Crystalline
  • By Application
    • Transformers
      • Portable
      • Transmission
      • Distribution
    • Motors
      • 1 hp-100hp
      • 101 hp-200 hp
      • 201hp-1000hp
      • Above 1000hp
    • Inductors
    • Generators
  • By Region
    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • Japan
    • APEJ
    • Middle East and Africa

Research Methodology

Material-wise weighted Average Selling Price (ASP) has been considered to deduce market values. Factors such as GDP, industry growth, and steel annual growth rate has been considered while inspecting the global soft magnetic materials market. Top-down approach has been used to assess market numbers for each product category, while bottom-up approach has been used to counter validate the market estimations. Market volume is inferred through in-depth secondary research and validated from industry experts through primary interviews. Each interview is thoroughly analyzed and average market volume is deduced and reconfirmed prior to incorporating in the report. The market value of the global soft magnetic materials market is thus calculated from the data deduced from the average selling price and market volume. For the 10-year forecast of the global soft magnetic materials market, various macroeconomic factors and changing trends have been observed, giving an idea about the future of the market. Other important factors considered to arrive at market forecast include size of the current market, inputs from the demand side and the supply side and other dynamics shaping the scenario of the global soft magnetic materials market. In the compilation of this report, the forecast is conducted in terms of CAGR, while other important criteria such as year-on-year growth and absolute dollar opportunity have also been incorporated presenting clear insights into future opportunities likely to emerge in the global soft magnetic materials market.

Soft magnetic materials market in APEJ anticipated to account for a high market share in comparison to other regions by 2026 end

Among all the regions, APEJ is expected to expand at a significantly high CAGR in terms of value over the forecast period. The APEJ soft magnetic materials market is anticipated to emerge as the most attractive regional market in terms of CAGR and market share during the forecast period. APEJ is likely to reach a market value of more than US$ 15 Bn in 2017 and is projected to be valued close to US$ 40 Bn by 2026 end. The APEJ soft magnetic materials market is expected to account for a market share of a little more than 30% and increase at a CAGR of 8.9% over the estimated period. In the APEJ region, China is expected to dominate the soft magnetic materials market both in terms of volume and value over the forecast period.

The strong industrialization in APEJ countries coupled with geographical advantages such as mines in China is likely to boost the soft magnetic materials market in APEJ

The soft magnetic materials market in APEJ is largely driven by the presence of iron ore mines. Besides, countries such as China and India are the major contributors in the APEJ region in terms of production and consumption. Availability of cheap labor force coupled with an aim to target untapped market areas propels soft magnetic materials manufacturers from North American and European countries to invest in the APEJ region. The strong industrialization across APEJ countries coupled with geographical advantages such as the presence of mines in China is one of the growth drivers of the soft magnetic materials market in the APEJ region.

Hybrid vehicles combine diesel or petrol engines with an electric motor that reduces the fuel consumption and CO2 emissions. Soft magnetic materials is an important component of the motor drive system as it reduces the vehicle weight as compared to conventional electric steel. Use of soft magnetic motor offers various advantages such low noise, compact design, and energy savings. The increasing consumption of electric and hybrid vehicles in APEJ is expected to drive revenue growth of the global soft magnetic materials market. The automotive industry in the APEJ region is experiencing high demand for electronic components with enhanced reliability and efficiency. Besides, the industry demands space reductions of the components; for instance, inductors consume a large space inside an automobile. The need to attain a balance between working efficiency and the shift towards smaller dimensions propels the use of soft magnetic materials in the automotive industry.

China is one of the top consumers and producers of steel. The geographical strength of Bayo Obo mines, which is rich in iron ore and rare earth elements offers a strong advantage. Manufacturers from countries such as Germany, Japan etc. are partnering a free trade with Mongolia as it is close to Bayo Obo. Furthermore, growing electric vehicles, bicycles, aerospace and power industries offer good opportunities for soft magnetic material manufacturers to expand in the APEJ region.

soft magnetic materials market

APEJ soft magnetic materials market segmental forecast snapshot

By material type, the nano crystalline material consumption in the APEJ soft magnetic materials market is expected to penetrate at a fast rate during the forecast period. The nano crystalline material type segment is also projected to register the highest CAGR of 11.8% in terms of value in the APEJ soft magnetic materials market during the forecast period. Development of solar power use is expected to boost the consumption of soft magnetic materials in the APEJ region during the forecast period. The objective to increase the solar capacity of India from 22 GW to 100 GW by 2020 in order to reduce dependency on fossil fuels is likely to open wide growth opportunities for soft magnetic materials manufacturers.

Company Profiles

  • Hitachi Metals Ltd
  • GKN plc
  • Toshiba Corp (Toshiba Materials Co., Ltd.)
  • PMG Holding GmbH
  • Sumitomo Metal Mining Co., Ltd.
  • VACUUMSCHMELZE GmbH & Co. KG
  • Rio Tinto PLC
  • Höganäs AB
  • voestalpine Stahl GmbH
  • Hengdian Group DMEGC Magnetics Co., Ltd.
  • Others
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