Soft Magnetic Materials Market worth 28.15 Billion USD by 2021

1. MarketsandMarkets™ Presents • Soft Magnetic Materials Market worth 28.15 Billion USD by 2021

2. The report "Soft Magnetic Materials Market by Material Type (Soft Ferrite, Electrical Steel, Cobalt), Application (Motor, Transformer, Alternator), End User Industry (Automotive, Electronics & Telecommunications, Electrical) - Global Forecast to 2026", is projected to reach USD 28.15 Billion by 2021, growing at a CAGR of 7.8%, from 2016 to 2021. The increasing demand for materials that can reduce eddy current loss and offer good permeability is driving the usage of soft magnetic materials in many end-user industries such as automotive, electronics & telecommunications, and electrical, among others.

3. Browse • 72 market data tables and 43 figures spread through 125 pages and in-depth TOC on “Soft Magnetic Materials Market” http://www.marketsandmarkets.com/Market-Reports/soft-magnetic-material-market-206182334.html Early buyers will receive 10% customization on reports. • Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=206182334

4. Electrical steel comprises a major share of the soft magnetic materials market in terms of value • Electrical steel has the highest market share in the global soft magnetic materials market as it provides electrical insulation, high permeability, low coercivity, high electrical resistivity to iron, and minimizes magnetic losses. It is used in applications such as, electrical power transformers, motors, generators, and inductors. It also offers a small hysteresis area which eventually leads to less eddy current loss, thereby increasing the efficiency of the application. • Automotive is the largest end-use industry for soft magnetic materials in terms of volume • Soft magnetic materials have gained wide acceptance in various end-user industries, because of the superior performance and a number of advantageous properties such as, good permeability and the reduction of eddy current loss. Automotive is a major consumer in the soft magnetic materials market. The major automotive applications where these materials are used include, anti-lock brake systems, fuel injectors, motors, compressors, other rotating devices, and so on.

5. . • Asia-Pacific accounts for a major market share in the soft magnetic materials market • The growth of the soft magnetic materials market in the Asia-Pacific region is driven by the  growing electronics & telecommunications and automotive industries due to the presence of established players and stringent environmental regulations stressing upon the use of materials which will lead to the reduction of eddy current loss, thereby leading to energy savings. Some of the leading players such as Daido Steel Co. Ltd. (Japan) and Toshiba Materials Co., Ltd. (Japan) have accelerated their R&D efforts to provide good quality soft magnetic materials. Moreover, the Asia-Pacific region is witnessing rapid economic development and industrialization, which is also giving an impetus to the soft magnetic materials market in the region. • Some of the key global players in the soft magnetic market are Hitachi Metals Ltd. (Japan), Toshiba Materials Co. Ltd. (Japan), GKN Sinter Metals Inc. (U.S.), Sintex a/s (Denmark) and others. These players have adopted various organic and inorganic developmental strategies during the past five years. • Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=206182334

6. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

7. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

8. Contact Us Mr. RohanMarketsandMarkets™701 Pike Street Suite 2175, Seattle, WA 98101, United States USA : 1-888-600-6441Email: sales@marketsandmarkets.com 

9. Thank You !