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Global Amorphous Soft Magnetic Materials Market Size, Share: By Type: Iron-based, Fe-Ni-based, Cobalt-based, Others; By Application: Flexible Antenna, Transformers, Magnetic Sensors, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Competitive Landscape; 2024-2032
Global Amorphous Soft Magnetic Materials Market Outlook
The global amorphous soft magnetic materials market is expected to grow at a CAGR of 4.83% during the period 2024-2032.
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The Amorphous Soft Magnetic Materials Market Likely to be Driven by Applications in Multiple Sectors Including Automobiles, Electronics and Electric Devices
The global market for amorphous soft magnetic materials is expected to be driven by applications in sectors such as automobiles, electronics and electrical equipment (such as electric motors, transformers generators, etc.). North America, Europe and Asia are expected to be key markets.
Soft magnetic alloys are materials that can be easily magnetised and demagnetised. Thus, soft magnetic materials are generally characterized by intrinsic coercivity less than 1000 Am-1. These are employed primarily to improve and/or direct the flux generated by an electric current. Relative permeability (mr, where mr = B/moH) is the key parameter for soft magnetic materials; it measures the readiness with which the material reacts to the applied magnetic field. Other significant parameters include coercivity, saturation magnetisation, magneto-resistivity eddy current structure and losses (as a function of sample dimensions), heat conductivity and electrical conductivity.
Soft magnetic material applications broadly fall into alternating current (AC) and direct current (DC) applications. In DC soft magnetic applications, the material is magnetised for the performance of a particular task, and then demagnetised once the task has been carried out. For example, switchable electromagnets.
In AC applications, the soft magnetic material is continually cycled, usually at high frequencies, being magnetised from one direction to the other, through the whole duration of the operation, for example, a power supply transformer. For each type of application, high permeability is a requisite, however, the significance of other properties may vary.
For DC applications, the key consideration behind selection of material selection is usually permeability, such as in shielding applications where the flux is to be directed through the material. If the material is employed to create a magnetic field or to generate a force, then saturation magnetisation may assume significance.
For AC applications, energy loss in the system is a significant consideration as the material is permanently and at high frequencies cycled around its hysteresis loop. Loss of energy may occur from three different sources:
Hysteresis loss – Associated with the area contained within the hysteresis loop.
Eddy current loss – Linked to the creation of electric currents in the magnetic material and relative resistive losses.
Anomalous loss – Associated with magnetic domain wall movement (Bloch walls) within the material.
Hysteresis losses may be minimized by reducing intrinsic coercivity, with a subsequent reduction in the area within the hysteresis loop. Eddy current losses may be decreased by reducing the electrical conductivity, and laminating the material. Anomalous losses may be minimized by employing a completely homogeneous material within which there is no impediment to domain wall movement.
Amorphous and nano-crystalline soft magnetic alloys may be produced in the form of a tape, for example, by melt-spinning or other rapid cooling methods. Amorphous and nanocrystalline soft magnetic alloys may usually contain iron, nickel and/or cobalt; one or more elements among boron, carbon, phosphorous and silicon may also be present. These have very low coercivity and an order of magnitude below standard Fe-Si, with lower hysteresis losses. Due to relatively less magnetisation, these are not suited to high current applications. However, these may be employed in low current applications and specialised small devices.
Due to properties such as relatively high resistivity, low anisotropy and good mechanical strength, nano-crystalline soft magnetic alloys have garnered much attention. Soft magnetic alloys are being employed in electrical motors that need to function in mechanically stressful environments, such as in hybrid vehicles. Fe-based amorphous/nanocrystalline soft magnetic alloys are extensively employed in high-tech fields such as communications and computers owing to the advantages they offer, such as high saturation magnetic induction, magnetic permeability, resistivity, low coercivity, and iron core loss.
Demand to Cut CO2 Emissions and Necessities to Comply with Regulatory Standards to Encourage Development of Metal Core Materials with Lower Core Loss
In recent years, regulations have become more stringent, emphasizing reduction in CO2 emissions. This has also led to a need to devise ways to conserve energy. Regulations with respect to distribution transformers are becoming stricter in several nations, which has underscored the need to develop metal core materials with lower core loss. Companies have been engaged in devising suitable solutions to these issues. For example, Hitachi Metals has developed MaDC-A™, a new product with significantly reduced core loss. The product uses Metglas®, the Fe-based amorphous alloy ("Amorphous Alloy") employing magnetic domain control technology. MaDC-A™ has high flux density and nearly 25% lower core loss than conventional solutions, which enables greater efficiency of distribution transformers.
Amorphous Soft Magnetic Materials Market Segmentation
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By type, the market is classified into:
- Iron-based
- Fe-Ni-based
- Cobalt-based
- Others
By application, the market is divided into:
- Flexible Antenna
- Transformers
- Magnetic Sensors
- Magnetic Shielding
- Electronic Article Surveillance
- Others
By region, the market is classified into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Amorphous Soft Magnetic Materials Market
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Toshiba Materials Co., Ltd.
- VACUUMSCHMELZE GmbH & Co. KG
- Hitachi Metals, Ltd.
- Bomatec AG
- Advanced Technology & Materials Co., Ltd.
- MK Magnetics, Inc.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Amorphous Soft Magnetic Materials Market Analysis
8.1 Key Industry Highlights
8.2 Global Amorphous Soft Magnetic Materials Historical Market (2018-2023)
8.3 Global Amorphous Soft Magnetic Materials Market Forecast (2024-2032)
8.4 Global Amorphous Soft Magnetic Materials Market by Type
8.4.1 Iron-based
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Fe-Ni-based
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Cobalt-based
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Amorphous Soft Magnetic Materials Market by Application
8.5.1 Flexible Antenna
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Transformers
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Magnetic Sensors
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Magnetic Shielding
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Electronic Article Surveillance
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Amorphous Soft Magnetic Materials Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America Amorphous Soft Magnetic Materials Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Amorphous Soft Magnetic Materials Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Amorphous Soft Magnetic Materials Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Amorphous Soft Magnetic Materials Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Amorphous Soft Magnetic Materials Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 8505)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Toshiba Materials Co., Ltd.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 VACUUMSCHMELZE GmbH & Co. KG
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Hitachi Metals, Ltd.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Bomatec AG
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Advanced Technology & Materials Co., Ltd.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 MK Magnetics, Inc.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Amorphous Soft Magnetic Materials Market: Key Industry Highlights, 2018 and 2032
2. Global Amorphous Soft Magnetic Materials Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Amorphous Soft Magnetic Materials Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Amorphous Soft Magnetic Materials Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Amorphous Soft Magnetic Materials Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Amorphous Soft Magnetic Materials Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Amorphous Soft Magnetic Materials Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Amorphous Soft Magnetic Materials Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Amorphous Soft Magnetic Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Amorphous Soft Magnetic Materials Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Amorphous Soft Magnetic Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Amorphous Soft Magnetic Materials Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Amorphous Soft Magnetic Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Amorphous Soft Magnetic Materials Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Amorphous Soft Magnetic Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Amorphous Soft Magnetic Materials Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Amorphous Soft Magnetic Materials Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Amorphous Soft Magnetic Materials Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.83% between 2024 and 2032.
The major drivers of the market include the rising application of the product in the development of transformers, increasing demand from the healthcare industry for the manufacture of various medical equipment, and the rising demand for the product in the manufacture of coolants, ACs, rectifiers, and stabilisers.
The growing efforts and R&C activities by the major end-use industries aimed towards conserving electricity are expected to be the key trends guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Iron-based, Fe-Ni-based, and cobalt-based, among others are the major types included in the market report.
Flexible antenna, transformers, magnetic sensors, magnetic shielding, and electronic article surveillance, among others is the market segmentation based on service.
The major players in the industry are Toshiba Materials Co., Ltd., VACUUMSCHMELZE GmbH & Co. KG, Hitachi Metals, Ltd., Bomatec AG, Advanced Technology & Materials Co., Ltd., and MK Magnetics, Inc., among others.
Analyst Review
The global amorphous soft magnetic materials market is driven by the growing expansion of the major end-use industries of the product including healthcare, electronics and electrical, and automotive, among others, stringent government norms to conserve electricity, and rapid urbanisation. Aided by the continuous research and development activities aimed towards combining the amorphous soft magnetic materials and amorphous nanocrystalline alloys to achieve outstanding magnetic properties, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 4.83%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into iron-based, Fe-Ni-based, and cobalt-based, among others. On the basis of application, the market is divided into flexible antenna, transformers, magnetic sensors, magnetic shielding, and electronic article surveillance, among others. The major regional markets for amorphous soft magnetic materials are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Toshiba Materials Co., Ltd., VACUUMSCHMELZE GmbH & Co. KG, Hitachi Metals, Ltd., Bomatec AG, Advanced Technology & Materials Co., Ltd., and MK Magnetics, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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