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Soft Magnetic Composites Market Segments, Opportunity, Growth and Forecast By End-use Industry 2015-2025

All transformation from generator to electric socket and finally computer screen or hair dryer is achieved by a simple device consisting of copper winding around a core of a soft-magnetic material, usually iron or an electric steel, and losses comes from the resistance in the copper and from the magnetization of the core material. Iron based soft magnetic composites are often termed ferromagnetic composite iron (abbreviated as FCI) or soft magnetic composites (abbreviated as SMC), increasingly used for soft magnetic applications. Efforts to improve the performance of electrical devices and to create the new high quality applications lead to the optimization of their design and application of existing magnetic materials such as soft magnetic composites (SMC). These materials are manufactured from iron and iron-based powder particles pressed together with a dielectric binder using the powder metallurgy compaction process. In low frequency applications (up to 50 kHz), high purity coarse iron powder is used with a thermoset resin powder to compete with low carbon steel laminate constructions. These applications will include small motors, reluctance motors and brushless dc motors; which also requires hard magnetic components for an efficient design.

All transformation from generator to electric socket and finally computer screen or hair dryer is achieved by a simple device consisting of copper winding around a core of a soft-magnetic material, usually iron or an electric steel, and losses comes from the resistance in the copper and from the magnetization of the core material. Iron based soft magnetic composites are often termed ferromagnetic composite iron (abbreviated as FCI) or soft magnetic composites (abbreviated as SMC), increasingly used for soft magnetic applications. Efforts to improve the performance of electrical devices and to create the new high quality applications lead to the optimization of their design and application of existing magnetic materials such as soft magnetic composites (SMC). These materials are manufactured from iron and iron-based powder particles pressed together with a dielectric binder using the powder metallurgy compaction process. In low frequency applications (up to 50 kHz), high purity coarse iron powder is used with a thermoset resin powder to compete with low carbon steel laminate constructions. These applications will include small motors, reluctance motors and brushless dc motors; which also requires hard magnetic components for an efficient design.

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<strong>Soft</strong> <strong>Magnetic</strong> <strong>Composites</strong> <strong>Market</strong> Is Expected To<br />

Generate Huge Profits by <strong>2015</strong>-<strong>2025</strong><br />

December 2016<br />

Report Id : REP-GB-869<br />

Status : Ongoing<br />

Category : Chemicals <strong>and</strong> Materials<br />

©<strong>2015</strong> Future <strong>Market</strong> Insights, All Rights Reserved


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<strong>Soft</strong> <strong>Magnetic</strong> <strong>Composites</strong> <strong>Market</strong><br />

With the accelerating electricity consumption <strong>and</strong> increasing threat from the green-ho<strong>use</strong> effect <strong>and</strong><br />

consequential environmental degradation, all the industries are stepping forward into the reduction of<br />

consumption <strong>and</strong> loss of energy. Though increasing the energy production will meet the dem<strong>and</strong> but it<br />

will lead to increased strain on natural resources <strong>and</strong> hence the environment. The better way to tackle<br />

the problem lies in the reduction of core losses that is related to the generation <strong>and</strong> transformation of<br />

electricity.<br />

All transformation from generator to electric socket <strong>and</strong> finally computer screen or hair dryer is achieved<br />

by a simple device consisting of copper winding around a core of a soft-magnetic material, usually iron or<br />

an electric steel, <strong>and</strong> losses comes from the resistance in the copper <strong>and</strong> from the magnetization of the<br />

core material. Iron based soft magnetic composites are often termed ferromagnetic composite iron<br />

(abbreviated as FCI) or soft magnetic composites (abbreviated as SMC), increasingly <strong>use</strong>d for soft<br />

magnetic applications. Efforts to improve the performance of electrical devices <strong>and</strong> to create the new<br />

high quality applications lead to the optimization of their design <strong>and</strong> application of existing magnetic<br />

materials such as soft magnetic composites (SMC). These materials are manufactured from iron <strong>and</strong> ironbased<br />

powder particles pressed together with a dielectric binder using the powder metallurgy<br />

compaction process. In low frequency applications (up to 50 kHz), high purity coarse iron powder is <strong>use</strong>d<br />

with a thermoset resin powder to compete with low carbon steel laminate constructions. These<br />

applications will include small motors, reluctance motors <strong>and</strong> brushless dc motors; which also requires<br />

hard magnetic components for an efficient design.<br />

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<strong>Soft</strong> <strong>Magnetic</strong> <strong>Composites</strong> <strong>Market</strong><br />

Advancements in materials research has put the imagination into reality to produce high quality material<br />

with soft magnetic properties. SMC compete with steel laminations at a similar production cost or even<br />

cheaper. The benefits of replacing the conventional laminated core in an electric machine with the SMC<br />

are considerable, <strong>and</strong> include reduced high frequency tooth ripple losses since the SMC has essentially no<br />

eddy current losses, modular construction allows the possibility of easy removal of an individual modular<br />

unit for quick repair or replacement, stator is easily recyclable, reduced bearing currents. <strong>Soft</strong> ferrite has<br />

the dominant share amongst the soft magnetic composites. Use of SMC in automotive application will<br />

also exp<strong>and</strong>, for instance in electro-mechanical valve opening <strong>and</strong> closing, direct fuel injection, noise<br />

suppression etc. Iron based soft magnetic composites are considered to have major potential in electric<br />

motors. Due to the significant economic <strong>and</strong> environmental benefits, SMC materials possess great<br />

potential for application in electrical machines, particularly those with complex structures. However,<br />

beca<strong>use</strong> of the outst<strong>and</strong>ing drawbacks of the SMC, as lower magnetic permeability <strong>and</strong> lower saturation<br />

flux density compared with laminated steels, particular efforts to overcome them should be done.<br />

<strong>Soft</strong> <strong>Magnetic</strong> <strong>Composites</strong> <strong>Market</strong>: Drivers & Restraints<br />

Energy paradigm shift to adopt usage of renewable energy sources, awareness towards reduction of<br />

greenho<strong>use</strong> gas emissions, rising sustainability concerns, <strong>and</strong> government regulations promoting energy<br />

efficient systems are some of the key factors driving the growth of the soft magnetic composites market.<br />

Raw material availability, associated costs <strong>and</strong> skilled labor force are probable factors restraining the<br />

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<strong>Soft</strong> <strong>Magnetic</strong> <strong>Composites</strong> <strong>Market</strong><br />

growth of the soft magnetic composites market.<br />

<strong>Soft</strong> <strong>Magnetic</strong> <strong>Composites</strong> <strong>Market</strong>: Segmentation<br />

The global soft magnetic composites market is broadly classified on the basis of product type,<br />

applications <strong>and</strong> geographies.<br />

Based on application, the global soft magnetic composites market is segmented into:<br />

Electronics<br />

Automotive<br />

Energy generation<br />

Others<br />

Based on product type, the global soft magnetic composites market is segmented into:<br />

<strong>Soft</strong> ferrite<br />

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<strong>Soft</strong> <strong>Magnetic</strong> <strong>Composites</strong> <strong>Market</strong><br />

Electrical steel<br />

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<strong>Soft</strong> <strong>Magnetic</strong> <strong>Composites</strong> <strong>Market</strong>: Overview<br />

Increased concern for energy efficiency <strong>and</strong> , the acceptance of soft magnetic composites is gaining<br />

popularity. The global soft magnetic composites market is expected to exp<strong>and</strong> at a promising CAGR<br />

during the forecast period (<strong>2015</strong>-<strong>2025</strong>).<br />

<strong>Soft</strong> <strong>Magnetic</strong> <strong>Composites</strong> <strong>Market</strong>: Region-wise Outlook<br />

The global soft magnetic composites market is expected to register a double-digit CAGR for the forecast<br />

period. Depending on geographic regions, global soft magnetic composites market is segmented into<br />

seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan,<br />

<strong>and</strong> Middle East & Africa. As of <strong>2015</strong>, Europe dominated the global soft magnetic composites market in<br />

terms of market revenue followed by North America. Asia Pacific & Japan are projected to exp<strong>and</strong> at a<br />

substantial growth <strong>and</strong> will contribute to the global soft magnetic composites market value exhibiting a<br />

robust CAGR during the forecast period, <strong>2015</strong>?<strong>2025</strong>.<br />

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<strong>Soft</strong> <strong>Magnetic</strong> <strong>Composites</strong> <strong>Market</strong><br />

<strong>Soft</strong> <strong>Magnetic</strong> <strong>Composites</strong> <strong>Market</strong>: Key Players<br />

Some of the key market participants in global soft magnetic composites market are Steward Advanced<br />

Materials Inc, GKN Sinter Metals, Dexter <strong>Magnetic</strong>s, MMG Canada Limited, <strong>Magnetic</strong>s, AMES, Elna<br />

<strong>Magnetic</strong>s, Hitachi Metals Ltd, Höganäs AB, Arnold <strong>Magnetic</strong> Technologies Corp <strong>and</strong> Electron Energy<br />

Corporation.<br />

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