Soft Magnetic Powder Market by Product, End user, and Geography - Forecast and Analysis 2021-2025

The soft magnetic powder market share is expected to increase by 2352.10 thousand metric tons from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 10%.

This soft magnetic powder market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers soft magnetic powder market segmentation by product (electrical steel, cold-rolled lamination sheet, soft ferrites, amorphous steel, and others), end-user (electrical and electronics, automotive, telecommunication, and others), and geography (APAC, North America, Europe, South America, and MEA). The soft magnetic powder market report also offers information on several market vendors, including Arnold Magnetic Technologies Corp., DEXTER MAGNETIC TECHNOLOGIES, FJ Industries AS, Hitachi Metals Ltd., Hoganas AB, SG Technologies Ltd., Sintex AS, Steward Advanced Materials LLC, Sumitomo Metal Mining Co. Ltd., and VACUUMSCHMELZE GmbH & Co. KG   among others.

What will the Soft Magnetic Powder Market Size be During the Forecast Period?

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Soft Magnetic Powder Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing adoption of electric motors in automotive applications is notably driving the soft magnetic powder market growth, although factors such as volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the soft magnetic powder industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Soft Magnetic Powder Market Driver

One of the key factors driving growth in the soft magnetic powder market is the increasing adoption of electric motors in automotive applications. The automotive industry is transitioning toward manufacturing electric vehicles to eliminate the use of fossil fuels and establish sustainable operations. This has led to an increase in the adoption of electric motors in automotive applications. Governments across the world are introducing regulations and taking initiatives to induce industries to use environmentally compatible materials and conserve energy. Although electric and hybrid vehicles are not as fuel-efficient as conventional ones, the overall approach to transition to green technologies in the automotive industry is prompting OEMs to improve electric motors. These factors will increase the sales of soft magnetic powder over the forecast period.

Key Soft Magnetic Powder Market Trend

With the rising sales of electrical and electronic components, OEMs are constantly focusing on improving product functionalities and durability by using enduring raw materials. For instance, silicon steel is currently being used for manufacturing electrical and electronic components. Silicon steel not only reduces corrosion but also maintains magnetic fields in the respective products. Silicon steel is used to manufacture various electrical components, such as electrical stators/rotors and motors, coils, magnetic coils, and transformers. The rising production of these components with silicon steel will drive the sales of soft magnetic powder over the forecast period. 

This soft magnetic powder market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Soft Magnetic Powder Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Arnold Magnetic Technologies Corp.
• DEXTER MAGNETIC TECHNOLOGIES
• FJ Industries AS
• Hitachi Metals Ltd.
• Hoganas AB
• SG Technologies Ltd.
• Sintex AS
• Steward Advanced Materials LLC
• Sumitomo Metal Mining Co. Ltd.
• VACUUMSCHMELZE GmbH & Co. KG  

 

This statistical study of the soft magnetic powder market encompasses successful business strategies deployed by the key vendors. The soft magnetic powder market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The soft magnetic powder market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Soft Magnetic Powder Market?

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49% of the market's growth will originate from APAC during the forecast period. China is a key market for soft magnetic powder in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The growth of EV manufacturing and sales in the region will facilitate the soft magnetic powder market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Soft Magnetic Powder Market?

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The soft magnetic powder market share growth by the elecctrical steel segment will be significant during the forecast period. Electrical steel is a soft magnetic material, which is used in electrical power transformers, motors, and generators. It is generally coated on devices to protect it against corrosion or rust, increase electrical resistance between laminations, reduce eddy currents, and act as a lubricant during die-cutting. The increasing need for power transformers will drive the electrical steel segment of the market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the soft magnetic powder market size and actionable market insights on post COVID-19 impact on each segment.

 

Soft Magnetic Powder Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 10%
Market growth 2021-2025	2352.10 th MT
Market structure	Fragmented
YoY growth (%)	9.10
Regional analysis	APAC, North America, Europe, South America, and MEA
Performing market contribution	APAC at 49%
Key consumer countries	China, US, Germany, UK, and Brazil
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Arnold Magnetic Technologies Corp., DEXTER MAGNETIC TECHNOLOGIES, FJ Industries AS, Hitachi Metals Ltd., Hoganas AB, SG Technologies Ltd., Sintex AS, Steward Advanced Materials LLC, Sumitomo Metal Mining Co. Ltd., and VACUUMSCHMELZE GmbH & Co. KG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Soft Magnetic Powder Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive soft magnetic powder market growth during the next five years
• Precise estimation of the soft magnetic powder market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the soft magnetic powder industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of soft magnetic powder market vendors

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