Soft Magnetic Composites Market

2019 Analysis and Review of Soft Magnetic Composites Market by Material - Electrical Steel, Soft Ferrite, and Iron Powder for 2019 - 2029

  • 2020-01-14
  • REP-GB-869
  • 52 Tables
  • 212 Figures
  • 412 pages
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Soft Magnetic Composites Market
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Soft Magnetic Composites Market Revenues to Double by 2029

Rising need for alloys with high energy efficiency and optimum ferromagnetic properties are gauging the demand growth of soft magnetic composites. Considering the swelling production of electric and hybrid vehicles as well as the flourishing consumer electronics sector, the global soft magnetic composites (SMC) market will generate over twofold revenues during 2019-2029. The trend of downsizing and 3D printing technology would also have a significant impact on the soft magnetic composites market.

Frequently asked questions about soft magnetic composites market

How will soft magnetic composites (SMCs) be relevant in future?

Constant demand for cost & energy effective materials from automotive and power generation industry is likely to keep soft magnetic composites relevant over the coming years. However, introduction of new & better magnetic materials is anticipated to give soft magnetic composites a tough competition in the global market.

Will the soft magnetic composites market witness new entrants?

Definitely, the SMC market holds high potential, new entrants from the mining and powder metallurgy sector are anticipated to invest heavily in the SMC market to establish presence in the coming years.

Which application area holds potential growth opportunities for market players?

While automotive & power generation sector continues to influence growth strategies, new applications in the field of 3D printing are expected to open up new doorways for investments for end users and manufacturers.

What is the degree of competition in the soft magnetic composites market?

The market portrays highly competitive nature with large number of regional and local market players. In the current scenario, industry leaders such as GKN PM (Melrose PLC), Hitachi Metals Ltd, and Sumitomo Metal Mining Co., Ltd. collectively hold over 50% of the total revenue share.

Which region will lead the global sales of soft magnetic composites?

East Asia is anticipated to lead the soft magnetic composites market with emergence of China as a prominent consumer of the SMCs, owing to the high presence of growing automotive, consumer goods, and power generation industries in the country. Manufacturers are focusing on increasing foothold in the Asia Pacific market as the region amounts for high consumption of SMC in the global market.

Soft Ferrite to Lose Share to Electrical Steel

Accounting for nearly 40% share of market revenues, soft ferrite currently defines manufacturers’ bottom lines. In 2018, soft ferrite worth of around US$ 13 Bn was sold and is expected to register revenues more than double over the next decade. However, electrical steel will exceed soft ferrite in terms of value in the near future, owing to its low-cost attribute. Furthermore, sales of both the materials will individually surpass the US$ 30 Bn mark towards the end of the forecast period.

North America in Neck-and-neck with East Asia

Growth prospects of soft magnetic composites are lucrative in North America and East Asia, owing to the strong presence of industry behemoths in these regions. While both the regional markets are on par with each other in terms of revenue, the market in East Asia will surpass that in North America in the coming years. The booming automotive and consumer electronics industries in the China, and Japan are primarily responsible for significant investments from stakeholders in the regional market.  

* This data is only a representation. Actual data may vary and will be available in report.

North America in Neck-and-neck with East Asia
North America in Neck-and-neck with East Asia
North America in Neck-and-neck with East Asia
North America in Neck-and-neck with East Asia
  • 2014
  • 2018
  • 2022
  • 2029
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Wireless Chargers - Emerging Application Area

Owing to the benefits of easy and convenient charging, wireless chargers are finding immense utilization in myriads of applications - aerospace, consumer appliances, and other industrial equipment. This wireless charging technology leverages SMCs as magnetic materials for integrating an inductive wireless power transfer (WPT) system to drones, thereby shaping the future of the global market for soft magnetic composites.

Soft ferrite takes the lead

Electrical steel to witness substantial sales

5P remains the preferred type

1P to see rapid adoption

Motors remain key application area

Increasing application in generators

Surging demand from automotive

Demand from power generation gaining pace

How Growth will Unfold

The automotive and power generation industries continue to be the key revenue generators for SMC manufacturers, where SMCs are used as core materials in actuators, and transformers, among other applications, respectively. Adoption of soft magnetic composites in both the end-use industries will continue to grow at a robust pace, collectively holding over 3/5th of total sales. Surging production of laptops, and smartphones in the consumer goods industry are also reflecting new avenues of growth for market players.

Soft Magnetic Composites Market Analysis, by End Use

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Soft Magnetic Composites Market Analysis 2019-2029

A recent market study published by FMI on the soft magnetic composites market includes global industry analysis 2014-2018 & opportunity assessment 2019-2029, and delivers a comprehensive assessment of the market dynamics. After a thorough research on the historical as well as current growth parameters of the soft magnetic composites market, the growth prospects of the market are obtained with maximum precision.

Soft Magnetic Composites Market Taxonomy

Material

  • Electrical Steel
  • Soft Ferrite
  • Iron Powder

Type

  • 1P
  • 3P
  • 5P

Application

  • Electrical Coils
  • Motors
  • Generators
  • Transformers
  • Inductors
  • Sensors
  • Others

End Use

  • Automotive
  • Industrial Machinery & Equipment
  • Consumer Goods
  • Power Generation
  • Others

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

What's Included

This chapter includes the executive summary of soft magnetic composites market with a side focus on the supply as well as demand side trends of the market.

The market overview includes market definition and taxonomy to give the reader a market description of soft magnetic composites.

Factors and strategies adopted by key market participants, which have a significant impact on the soft magnetic composites market.

It includes market volume projection in terms of consumption over the forecast period of 2019-2029.

This section helps the reader analyze pricing trends owing to the necessary assumptions.

This section helps the reader understand the global market value analysis and forecast for the soft magnetic composites market.

Key macro-economic factors, value chain, market participants, consumption & production are the highlights of this chapter.

Based on material, the soft magnetic composites market is segmented into electrical steel, soft ferrite, and iron powder.

Based on product type, the soft magnetic composites market is segmented into 1P, 3P, and 5P.

The soft magnetic composites market is segmented on the basis of application into electrical coils, motors, generators, transformers, inductors, sensors, and others.

The soft magnetic composites market segmented on basis of end use such as automotive, industrial machinery & equipment, consumer goods, power generation, and others.

This chapter explains how the soft magnetic composites market will grow across various geographic regions.

It includes deep dived analysis on the basis of segments to the country level of the U.S and Canada.

It includes deep dived analysis on the basis of segments to the country level of Brazil, Mexico, and Rest of Latin America.

Important growth prospects of the soft magnetic composites market based on its end users in several countries such as Germany, Italy, France, Spain, the U.K., Russia, Benelux, and the rest of Europe are included in this chapter.

This chapter highlights the growth of the soft magnetic composites market in South Asia by focusing on India, ASEAN, and the rest of South Asia.

This chapter includes the analysis of soft magnetic composites market in Japan, China, and South Korea, which are prominent countries in the East Asia region.

This chapter includes the analysis of the soft magnetic composites market in countries such as Australia and New Zealand regions during the forecast period.

Growth of the soft magnetic composites market in MEA by focusing on South Africa, Turkey, GCC countries, and the rest of MEA.

This chapter highlights the emerging countries in the soft magnetic composites market, which show a substantial growth rate in the market.

Some of the market players featured in the report are GKN PM (Melrose PLC), Hitachi Metals Ltd., and Toshiba Materials Co., Ltd., among others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the soft magnetic composites market report.

This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the soft magnetic composites market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current market dynamics and challenges
  • Yesteryear trends 
  • Market characteristics
  • Market performance and growth quadrants
  • Competition structure and market structure
  • Strategic growth initiatives
  • Near-term and long-term market growth prospects
  • Market segment splits and authenticity
  • Opinions on market projections and validity of assumptions

Secondary Research

  • Industry Publications
    • World of Chemicals
    • Chemical Weekly
    • Chemical Engineering World, etc.
  • Industry Associations
    • The European Chemical Industry Council
    • The American Chemical Society
    • China Chemical Society
    • Indian Chemical Council
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits soft magnetic composites market designation

Primary Interview Splits soft magnetic composites market stakeholders

Soft Magnetic Composites Market Reports - Table of Contents

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Global Head - Business Development

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Client Partner - Global Business Development

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