Amorphous Soft Magnetic Materials Market
PUBLISHED: 2023 ID: SMRC22893
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Amorphous Soft Magnetic Materials Market

Amorphous Soft Magnetic Materials Market Forecasts to 2028 - Global Analysis By Type (Cobalt-based, Fe-Ni-based, Iron-based and Other Types), By Application (Electronic Article Surveillance, Flexible Antenna, Magnetic Sensors, Magnetic Shieldings, Transformers and Other Applications) and By Geography

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Published: 2023 ID: SMRC22893

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $652.6 MN

Projected Year Value (2028)

US $1,018.5 MN

CAGR (2022 - 2028)

7.7%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Amorphous Soft Magnetic Materials Market is accounted for $652.6 million in 2022 and is expected to reach $1,018.5 million by 2028 growing at a CAGR of 7.7% during the forecast period. Materials that are easily magnetised and demagnetized are known as soft magnetic materials. Amorphous soft magnetic materials often have high permeability, low eddy current, low hysteresis losses, little remnant magnetization, low coercivity, and low eddy current. These materials' remarkable magnetic capabilities make them suitable for a wide range of uses, including sensors, high-frequency inductors, transformers, shielding, and electronic article surveillance systems.

According to the International Energy Agency, in 2018, 45% of the electric cars were on the road in China, as compared to 39% in 2017.



Market Dynamics:

Driver:

Combination of nano-crystalline alloys with amorphous soft magnetic materials

Both amorphous and nanocrystalline alloys were popular among scientists due to their superior mechanical and functional qualities. Although each of these materials performs well on its own, some underlying problems like poor ductility and decreased thermal stability need to be resolved. In order to create amorphous-nanocrystalline alloys with outstanding magnetic characteristics, high thermal stability, and ductility, ongoing research is being conducted to develop new manufacturing techniques that integrate these two material types.

Restraint:

Availability and wide acceptance of other soft magnetic materials

The market for soft magnetic materials has an extensive range of other soft magnetic materials, including iron/powder core, grain-oriented electrical steel, non-oriented electrical steel, soft ferrites, Ni-Fe, and CO-Fe. The production of electrical and electronic components also employs them. Together, grain-oriented electrical steel and non-oriented electrical steel hold more than 80% of the market share for soft magnetic materials worldwide. Amorphous and nanocrystalline alloys, on the other hand, only make for 2–3% of the total output of soft magnetic materials. Therefore, a major obstacle to the expansion of the global market for amorphous soft magnetic materials is the availability and widespread acceptance of substitute soft magnetic materials.

Opportunity:

Growing usage in electrical and electronic applications

Iron, nickel, and/or cobalt are the initial investment metals in amorphous alloys, together with boron, carbon, phosphorus, or silicon. Industrial users are using magnetic components made from amorphous alloys to operate processes more effectively, save energy, and save operating costs. Amorphous soft magnetic materials are ideal for the majority of electrical and electronic applications due to important characteristics like lower core losses at higher frequencies, higher & wide range of permeability, increased operational temperatures, low coercive field, core weight & volume reduction ability, excellent corrosion resistance, versatility, good mechanical strength, flux density, and various hysteresis loops, among others. It would fuel the expansion of this market further.

Threat:

Geopolitical issues

The key issues that the players in the amorphous soft magnetic materials industry have to deal with over the short and medium-term forecast include shifting consumer preferences in a scenario of projected economic downturn, changes to industrial policies to reflect growing environmental concerns, enormous fluctuations in raw material costs caused by current geo-political tensions, and anticipated economic turbulences.

Covid-19 Impact:

The COVID-19 outbreak has abruptly increased the need for medical equipment, including ventilators, MRI machines, and CT scanners. The Society of Critical Care Medicine predicted in March 2020 that during the pandemic in the United States, around 9,60,000 individuals would be placed on ventilators. Local ventilator manufacturers improved their production capacity to keep up with the escalating demand. Since the COVID-19 outbreak, GE Healthcare has doubled its production capacity and partnered with Ford to streamline the current ventilator design and quickly produce it. As a result, it is anticipated that producers of electrical motors, magnetic switches, and magnetic sensors for use in medical applications will require more of this kind of soft magnetic material.

The transformer segment is expected to be the largest during the forecast period

Due to its outstanding strength-to-weight ratio, the transformer category is anticipated to have the largest market share over the forecast period. The amorphous metal core also contributes significantly to the reduction of the overall weight of the transformer and provides enhanced energy efficiency. Additionally, reduced energy use and operating temperatures also assist in maintaining low CO2 emissions. As a result, amorphous metal transformers are essential for creating sustainable approaches to energy distribution. However, during the predicted period, the demand for amorphous soft magnetic materials would increase due to the demand for these transformers.

The Fe-based segment is expected to have the highest CAGR during the forecast period

The Fe-based segment is estimated to witness lucrative growth over the forecast period due to its benefits, such as high saturation magnetic induction, magnetic permeability, resistivity, low coercivity, and low iron core loss. Fe-based amorphous/ nanocrystalline soft magnetic alloys are widely used in high-tech industries, including communications and computers.

Region with largest share:

Asia Pacific led the global market for amorphous soft magnetic materials in 2019 and is anticipated to dominate the market over the next few years. China is one of the top producers of amorphous metal transformers in this region. As a result, there is an increasing demand for these resources across the nation. Additionally, it is anticipated that growing electric vehicle use will offer new growth prospects for the Chinese market. Moreover, due to an increased focus on smart manufacturing, e-mobility, and a shift to sustainable energy, the industry is constantly concentrating on developing electronics solutions for the manufacturing and automotive industries.

Region with highest CAGR:

Due to the rise in electric vehicle use worldwide and the region's position as the world's manufacturing hub for electronic and electrical components, the Asia-Pacific region is predicted to experience profitable growth over the course of the forecast period. Additionally, leading electric vehicle producers like Tesla have initiated investments in the Chinese market to take advantage of potential market prospects. Therefore, it is anticipated that during the projection period, China will experience a growth in demand for amorphous soft magnetic materials used in the production of electric vehicle components.



Key players in the market

Some of the key players in Amorphous Soft Magnetic Materials market include Advanced Technology & Materials Co., Ltd., AMES SA, Arnold Magnetic Technologies, Bomatec AG, China Amorphous Technology Co., Ltd., GKN Sinter Metals, Hitachi Metals, Ltd., MK Magnetics, Inc., Powder Metal Group (PMG), Steward Advanced Materials, Toshiba Materials Co., Ltd. and Vacuumschmelze GmbH & Co. KG.

Key Developments:

In January 2018, Hitachi Metals developed a Magnetic Domain Control Type Fe-base Amorphous Metal, MaDC-A, a new product with significantly reduced core loss.

Types Covered:
• Cobalt-based
• Fe-Ni-based
• Iron-based
• Other Types

Applications Covered:
• Electronic Article Surveillance
• Flexible Antenna
• Magnetic Sensors
• Magnetic Shieldings
• Transformers
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Amorphous Soft Magnetic Materials Market, By Type
5.1 Introduction
5.2 Cobalt-based
5.3 Fe-Ni-based
5.4 Iron-based
5.5 Other Types

6 Global Amorphous Soft Magnetic Materials Market, By Application
6.1 Introduction
6.2 Electronic Article Surveillance
6.3 Flexible Antenna
6.4 Magnetic Sensors
6.5 Magnetic Shieldings
6.6 Transformers
6.7 Other Applications

7 Global Amorphous Soft Magnetic Materials Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa

8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies

9 Company Profiling
9.1 Advanced Technology & Materials Co., Ltd.
9.2 AMES SA
9.3 Arnold Magnetic Technologies
9.4 Bomatec AG
9.5 China Amorphous Technology Co., Ltd.
9.6 GKN Sinter Metals
9.7 Hitachi Metals, Ltd.
9.8 MK Magnetics, Inc.
9.9 Powder Metal Group (PMG)
9.10 Steward Advanced Materials
9.11 Toshiba Materials Co., Ltd.
9.12 Vacuumschmelze GmbH & Co. KG

List of Tables
1 Global Amorphous Soft Magnetic Materials Market Outlook, By Region (2020-2028) ($MN)
2 Global Amorphous Soft Magnetic Materials Market Outlook, By Type (2020-2028) ($MN)
3 Global Amorphous Soft Magnetic Materials Market Outlook, By Cobalt-based (2020-2028) ($MN)
4 Global Amorphous Soft Magnetic Materials Market Outlook, By Fe-Ni-based (2020-2028) ($MN)
5 Global Amorphous Soft Magnetic Materials Market Outlook, By Iron-based (2020-2028) ($MN)
6 Global Amorphous Soft Magnetic Materials Market Outlook, By Other Types (2020-2028) ($MN)
7 Global Amorphous Soft Magnetic Materials Market Outlook, By Application (2020-2028) ($MN)
8 Global Amorphous Soft Magnetic Materials Market Outlook, By Electronic Article Surveillance (2020-2028) ($MN)
9 Global Amorphous Soft Magnetic Materials Market Outlook, By Flexible Antenna (2020-2028) ($MN)
10 Global Amorphous Soft Magnetic Materials Market Outlook, By Magnetic Sensors (2020-2028) ($MN)
11 Global Amorphous Soft Magnetic Materials Market Outlook, By Magnetic Shieldings (2020-2028) ($MN)
12 Global Amorphous Soft Magnetic Materials Market Outlook, By Transformers (2020-2028) ($MN)
13 Global Amorphous Soft Magnetic Materials Market Outlook, By Other Applications (2020-2028) ($MN)
14 North America Amorphous Soft Magnetic Materials Market Outlook, By Country (2020-2028) ($MN)
15 North America Amorphous Soft Magnetic Materials Market Outlook, By Type (2020-2028) ($MN)
16 North America Amorphous Soft Magnetic Materials Market Outlook, By Cobalt-based (2020-2028) ($MN)
17 North America Amorphous Soft Magnetic Materials Market Outlook, By Fe-Ni-based (2020-2028) ($MN)
18 North America Amorphous Soft Magnetic Materials Market Outlook, By Iron-based (2020-2028) ($MN)
19 North America Amorphous Soft Magnetic Materials Market Outlook, By Other Types (2020-2028) ($MN)
20 North America Amorphous Soft Magnetic Materials Market Outlook, By Application (2020-2028) ($MN)
21 North America Amorphous Soft Magnetic Materials Market Outlook, By Electronic Article Surveillance (2020-2028) ($MN)
22 North America Amorphous Soft Magnetic Materials Market Outlook, By Flexible Antenna (2020-2028) ($MN)
23 North America Amorphous Soft Magnetic Materials Market Outlook, By Magnetic Sensors (2020-2028) ($MN)
24 North America Amorphous Soft Magnetic Materials Market Outlook, By Magnetic Shieldings (2020-2028) ($MN)
25 North America Amorphous Soft Magnetic Materials Market Outlook, By Transformers (2020-2028) ($MN)
26 North America Amorphous Soft Magnetic Materials Market Outlook, By Other Applications (2020-2028) ($MN)
27 Europe Amorphous Soft Magnetic Materials Market Outlook, By Country (2020-2028) ($MN)
28 Europe Amorphous Soft Magnetic Materials Market Outlook, By Type (2020-2028) ($MN)
29 Europe Amorphous Soft Magnetic Materials Market Outlook, By Cobalt-based (2020-2028) ($MN)
30 Europe Amorphous Soft Magnetic Materials Market Outlook, By Fe-Ni-based (2020-2028) ($MN)
31 Europe Amorphous Soft Magnetic Materials Market Outlook, By Iron-based (2020-2028) ($MN)
32 Europe Amorphous Soft Magnetic Materials Market Outlook, By Other Types (2020-2028) ($MN)
33 Europe Amorphous Soft Magnetic Materials Market Outlook, By Application (2020-2028) ($MN)
34 Europe Amorphous Soft Magnetic Materials Market Outlook, By Electronic Article Surveillance (2020-2028) ($MN)
35 Europe Amorphous Soft Magnetic Materials Market Outlook, By Flexible Antenna (2020-2028) ($MN)
36 Europe Amorphous Soft Magnetic Materials Market Outlook, By Magnetic Sensors (2020-2028) ($MN)
37 Europe Amorphous Soft Magnetic Materials Market Outlook, By Magnetic Shieldings (2020-2028) ($MN)
38 Europe Amorphous Soft Magnetic Materials Market Outlook, By Transformers (2020-2028) ($MN)
39 Europe Amorphous Soft Magnetic Materials Market Outlook, By Other Applications (2020-2028) ($MN)
40 Asia Pacific Amorphous Soft Magnetic Materials Market Outlook, By Country (2020-2028) ($MN)
41 Asia Pacific Amorphous Soft Magnetic Materials Market Outlook, By Type (2020-2028) ($MN)
42 Asia Pacific Amorphous Soft Magnetic Materials Market Outlook, By Cobalt-based (2020-2028) ($MN)
43 Asia Pacific Amorphous Soft Magnetic Materials Market Outlook, By Fe-Ni-based (2020-2028) ($MN)
44 Asia Pacific Amorphous Soft Magnetic Materials Market Outlook, By Iron-based (2020-2028) ($MN)
45 Asia Pacific Amorphous Soft Magnetic Materials Market Outlook, By Other Types (2020-2028) ($MN)
46 Asia Pacific Amorphous Soft Magnetic Materials Market Outlook, By Application (2020-2028) ($MN)
47 Asia Pacific Amorphous Soft Magnetic Materials Market Outlook, By Electronic Article Surveillance (2020-2028) ($MN)
48 Asia Pacific Amorphous Soft Magnetic Materials Market Outlook, By Flexible Antenna (2020-2028) ($MN)
49 Asia Pacific Amorphous Soft Magnetic Materials Market Outlook, By Magnetic Sensors (2020-2028) ($MN)
50 Asia Pacific Amorphous Soft Magnetic Materials Market Outlook, By Magnetic Shieldings (2020-2028) ($MN)
51 Asia Pacific Amorphous Soft Magnetic Materials Market Outlook, By Transformers (2020-2028) ($MN)
52 Asia Pacific Amorphous Soft Magnetic Materials Market Outlook, By Other Applications (2020-2028) ($MN)
53 South America Amorphous Soft Magnetic Materials Market Outlook, By Country (2020-2028) ($MN)
54 South America Amorphous Soft Magnetic Materials Market Outlook, By Type (2020-2028) ($MN)
55 South America Amorphous Soft Magnetic Materials Market Outlook, By Cobalt-based (2020-2028) ($MN)
56 South America Amorphous Soft Magnetic Materials Market Outlook, By Fe-Ni-based (2020-2028) ($MN)
57 South America Amorphous Soft Magnetic Materials Market Outlook, By Iron-based (2020-2028) ($MN)
58 South America Amorphous Soft Magnetic Materials Market Outlook, By Other Types (2020-2028) ($MN)
59 South America Amorphous Soft Magnetic Materials Market Outlook, By Application (2020-2028) ($MN)
60 South America Amorphous Soft Magnetic Materials Market Outlook, By Electronic Article Surveillance (2020-2028) ($MN)
61 South America Amorphous Soft Magnetic Materials Market Outlook, By Flexible Antenna (2020-2028) ($MN)
62 South America Amorphous Soft Magnetic Materials Market Outlook, By Magnetic Sensors (2020-2028) ($MN)
63 South America Amorphous Soft Magnetic Materials Market Outlook, By Magnetic Shieldings (2020-2028) ($MN)
64 South America Amorphous Soft Magnetic Materials Market Outlook, By Transformers (2020-2028) ($MN)
65 South America Amorphous Soft Magnetic Materials Market Outlook, By Other Applications (2020-2028) ($MN)
66 Middle East & Africa Amorphous Soft Magnetic Materials Market Outlook, By Country (2020-2028) ($MN)
67 Middle East & Africa Amorphous Soft Magnetic Materials Market Outlook, By Type (2020-2028) ($MN)
68 Middle East & Africa Amorphous Soft Magnetic Materials Market Outlook, By Cobalt-based (2020-2028) ($MN)
69 Middle East & Africa Amorphous Soft Magnetic Materials Market Outlook, By Fe-Ni-based (2020-2028) ($MN)
70 Middle East & Africa Amorphous Soft Magnetic Materials Market Outlook, By Iron-based (2020-2028) ($MN)
71 Middle East & Africa Amorphous Soft Magnetic Materials Market Outlook, By Other Types (2020-2028) ($MN)
72 Middle East & Africa Amorphous Soft Magnetic Materials Market Outlook, By Application (2020-2028) ($MN)
73 Middle East & Africa Amorphous Soft Magnetic Materials Market Outlook, By Electronic Article Surveillance (2020-2028) ($MN)
74 Middle East & Africa Amorphous Soft Magnetic Materials Market Outlook, By Flexible Antenna (2020-2028) ($MN)
75 Middle East & Africa Amorphous Soft Magnetic Materials Market Outlook, By Magnetic Sensors (2020-2028) ($MN)
76 Middle East & Africa Amorphous Soft Magnetic Materials Market Outlook, By Magnetic Shieldings (2020-2028) ($MN)
77 Middle East & Africa Amorphous Soft Magnetic Materials Market Outlook, By Transformers (2020-2028) ($MN)
78 Middle East & Africa Amorphous Soft Magnetic Materials Market Outlook, By Other Applications (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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