PUBLISHER: QYResearch | PRODUCT CODE: 1227586
PUBLISHER: QYResearch | PRODUCT CODE: 1227586
The global Soft Magnetic Materials market size was US$ 3.8 billion in 2022 and is forecast to a readjusted size of US$ 5.4 billion by 2029 with a CAGR of 5.13% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Soft Ferrite Materials accounting for 67.70% of the Soft Magnetic Materials global market in 2022, is projected to value US$ 3.6 billion by 2029, growing at a revised 4.77% CAGR from 2023 to 2029. While Automotive and Transportation segment is altered to an 6.71% CAGR throughout this forecast period.
The United States Soft Magnetic Materials market size was US$ 529.45 million in 2022, while China was US$ 1,191.31 million. The proportion of the United States was 13.93% in 2022, while Chinese percentage was 31.35%, and it is predicted that China share will reach 33.85% in 2029, trailing a CAGR of 6.24% through the analysis period.
The global key manufacturers of Soft Magnetic Materials include Proterial, Ltd., TDK, DMEGC, Qingdao Yunlu, TDG, POCO Magnetic, MAGNETICS, CSC (Changsung Corp.), and ZheJiang NBTM KeDa (KDM), etc. In 2022, the global top five players occupied for a share approximately 23.73% in terms of revenue.
The global Soft Magnetic Materials market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Soft Magnetic Materials market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.