Market Insight-Global Soft Magnetic Materials Market Overview 2022
The Global Soft Magnetic Materials Market Size was estimated at USD 2171 million in 2021 and is projected to reach USD 2370 million approximately by 2028, exhibiting a CAGR of 1.08% during the forecast period– Bossonresearch.com
Soft magnetic materials are those materials that are easily magnetised and demagnetised. They typically have intrinsic coercivity less than 1000 Am-1. They are used primarily to enhance and/or channel the flux produced by an electric current. The main parameter, often used as a figure of merit for soft magnetic materials, is the relative permeability (µr, where µr = B/ µoH), which is a measure of how readily the material responds to the applied magnetic field. The other main parameters of interest are the coercivity, the saturation magnetisation and the electrical conductivity.
The types of applications for soft magnetic materials fall into two main categories: AC and DC. In DC applications the material is magnetised in order to perform an operation and then demagnetised at the conclusion of the operation, e.g. an electromagnet on a crane at a scrap yard will be switched on to attract the scrap steel and then switched off to drop the steel.
In AC applications the material will be continuously cycled from being magnetised in one direction to the other, throughout the period of operation, e.g. a power supply transformer. A high permeability will be desirable for each type of application but the significance of the other properties varies. For DC applications the main consideration for material selection is most likely to be the permeability. This would be the case, for example, in shielding applications where the flux must be channelled through the material. Where the material is used to generate a magnetic field or tocreate a force then the saturation magnetisation may also be significant.
According to Bosson Research, the Global Soft Magnetic Materials Market Size was estimated at USD 2171 million in 2021 and is projected to reach USD 2370 million approximately by 2028, exhibiting a CAGR of 1.08% during the forecast period.
Figure Global Soft Magnetic Materials Market Size
Source: Bossonresearch.com, 2022
Figure Global soft magnetic materials by Type
Source: Bossonresearch.com, 2022
The most common soft magnetic materials
1) Fe (contains a very small C content)
Pro: can be refined to get the utmost permeability (µmax ~ 1.4 x 10-6 ) and less coercive force.
Con: (i) it produces eddy current losses when subjected to a very high flux density, due to low resistivity; (ii) is extremely soft (mechanically). It is used in low frequency applications such as components for electrical instruments and cores in electromagnets.
2) Fe-Si Alloys (are the most commonly used soft magnetic materials) (<6% Si; most common 3÷4% Si)
Pros: the addition of Si increases the permeability, reduces the eddy current losses due to the increasein resistivity, reduces the crystalline anisotropy, magnetostriction and hysteresis losses;
They are used in electrical rotating machines, electromagnets, electrical machines and transformers.
3) Ni-Fe Alloys
Pros: high initial magnetic permeability; low hysteresis and eddy current losses.
They are used in communication equipment such as audio transformers, recording heads and magnetic modulators because of high initial permeability in feeble fields.
4) Grain oriented sheet steel
Used to make transformer cores.
5) Mu-metal
Used in miniature transformers meant for circuit applications.
6) Ceramic magnets (soft ferrites)
Used for making memory devices for microwave devices and computer. Ferrite-cored inductors are used extensively in frequency-selective circuits / resonant frequency. Used in antennae for radio receivers.
7) Amorphous/nanocrystalline materials
Used for pulsed power transformers, in magnetic sensors, magnetostrictive transducers, communication equipment, switches, other engineering and medical applications
Key players in the Soft Magnetic Materials Market include:
TDK
Hitachi-Metals
DMEGC
MAGNETICS
TDG
Acme Electronics
FERROXCUBE
Nanjing New Conda
Haining Lianfeng Magnet
Lingyi itech(JPMF)
KaiYuan Magnetism
Samwha Electronics
NBTM NEW MATERIALS
POCO Magnetic
Request for more information
Click to view the full report TOC, figure, and tables: https://www.bossonresearch.com/productinfo/1167047.html
About US:
Bosson Research (BSR) is a leading market research and consulting company, that provides market intelligence, advisory service, and market research reports for the automobile, electronics and semiconductor, and consumer good industry. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domains.
Bosson Research provides a one-stop solution right from data collection to investment advice. The analysts at Bosson Research (BSR) dig out factors that help clients understand the significance and impact of market dynamics. Bosson Research (BSR) brings together the deepest intelligence across the widest set of capital-intensive industries and markets. By connecting data across variables, our analysts and industry specialists present our customers with a richer, highly integrated view of their world.
Contact US:
Tel: +86 400-166-9288
E-mail: sales@bossonresearch.com
© 2022 Bosson Research, Inc. All rights reserved.
Copyright
All content including the presentation thereof on this website is the property of Bosson Research, Inc. and protected by the U.S. and international copyright laws. You may not copy, reproduce, distribute, transmit, modify, create derivative works, or in any other way exploit any part of copyrighted material without the prior written permission from Bosson Research, Inc.
