Research By Markets adds Market Research Report - Global Nanocrystalline Soft Magnetic Material Market Growth 2019-2024
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Nanocrystalline alloys are materials on the basis of Fe, Si and B with additions of Nb and Cu. They are produced via Rapid Solidification Technology as a thin ribbon, initially in the amorphous state and then crystallized in a subsequent heat treatment around 500 – 600 °C. This gives rise to an extremely fine grained microstructure with grain sizes of 10 nanometers – hence the name nanocrystalline.
These nanocrystalline alloys combine low magnetic anisotropy and low magnetostriction, both prerequisites for high magnetic permeability, with high magnetic flux density Bs and good thermal stability.
In recent years, the material properties of Nanocrystalline alloys with high competitive advantages have attracted much attention. With the rapid advancement of technology applications such as smart manufacturing, 5G communication, new energy vehicles, and 3D printing, the market has more demand for high-quality Nanocrystalline soft magnetic material, and the market formed is becoming a characteristic growth point for amorphous alloy materials. Nanocrystalline soft magnetic material molding is not only a scalable manufacturing process, but also a processing method for producing new materials, and the application prospect is very promising.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
According to this study, over the next five years the Nanocrystalline Soft Magnetic Material market will register a 10.8% CAGR in terms of revenue, the global market size will reach US$ 348.9 million by 2024, from US$ 208.8 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Nanocrystalline Soft Magnetic Material business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Nanocrystalline Soft Magnetic Material market by product type, application, key manufacturers and key regions and countries.
This study considers the Nanocrystalline Soft Magnetic Material value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
China Amorphous Technology
Londerful New Material
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Nanocrystalline Soft Magnetic Material consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Nanocrystalline Soft Magnetic Material market by identifying its various subsegments.
Focuses on the key global Nanocrystalline Soft Magnetic Material manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Nanocrystalline Soft Magnetic Material with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Nanocrystalline Soft Magnetic Material submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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