ACCESS Newswire
13 Oct 2020, 19:07 GMT+10
Application of SMCs in automobile component production is slated to offer long-run sustainable push to the global soft magnetic composites market
ROCKVILLE, MD / ACCESSWIRE / October 13, 2020 / The soft magnetic composites market is anticipated to grow at 6.4% CAGR through 2030. The SMCs market is in its developing stage in a PLC curve, due to numerous innovations by prominent stakeholders and quickly changing market dynamics.
'Regional presence and price normalization plays an imperative role in outrivalling in the global market for soft magnetic composites,' says the Fact.MR report.
Soft Magnetic Composites (SMCs) Market - Key Takeaways
Request a report sample to gain comprehensive market insights at
https://www.factmr.com/connectus/sample?flag=S&rep_id=2543
Soft Magnetic Composites (SMCs) Market - Driving Factors
Soft Magnetic Composites (SMCs) Market - Constraints
Anticipated Market Impact by COVID-19 Outbreak
The COVID-19 pandemic has prompted disrupted supply chains and reduced industrial activities. Lockdowns across the majority of the nations have adversely impacted the manufacturing of soft magnetic composites. With a gradual lift in lockdowns, the SMC market will at least take a couple of quarters to restore back to pre-crisis landscape.
Explore the Soft Magnetic Composites market comprising of 103 figures and 109 data tables, along with the table of contents. You can find a detailed market segmentation on https://www.factmr.com/report/2543/soft-magnetic-composites-market
Competition Landscape
The soft magnetic composites market is moderately consolidated. Toshiba Corp (Toshiba Materials Co., Ltd.), Voestalpine Stahl GmbH, and Hitachi Metals Ltd are amid the tier 1 companies. Together, they are projected to capture over 40% of the worldwide SMCs market share in 2020. Producers are focusing on channeling products to promising applications and research & development to improve their market share. Moreover, they have also demonstrated organic strategies such as entering niche and developing products, impenetrable markets such as aerospace and defense components.
More on the Report
The Fact.MR's market research report provides in-depth insights into the Soft Magnetic Composites (SMCs) market. The market is scrutinized based on product (pure iron/ iron powder, silicon ferrite, supermalloys, and permalloy) and application (transformers, motors, inductors, and generators), across five major regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)).
Explore Wide-ranging Coverage of FACT.MR's Chemicals & Materials Landscape
Soft Ferrite Market: Find insights on the soft ferrite market with analysis of segments, statistics, influencers, market players, and business strategies adopted over a 10-year forecast period.
Magnetic Alloys Market: FACT.MR's report on the Magnetic Alloys market offers insights on the market during 2018-2028, including restraints, revenue sources, market leaders, and market strategies.
High Purity Iron Powder Market: Read an analysis of the High Purity Iron Powder market with insights on growth factors, opportunities, restraints, regional market forecast, regulatory policies, and strengths of market leaders.
About Fact.MR
Fact.MR is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. Fact.MR is headquartered in Dublin, and has offices in Dubai. FACT.MR's latest market research reports industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Contact:
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: [email protected]
Web: https://www.factmr.com/
PR- https://www.factmr.com/media-release/1641/soft-magnetic-composites-market-trends
SOURCE: Fact.MR
Get a daily dose of Miami Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Miami Mirror.
More InformationREDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...