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Soft Magnetic Materials Market Worth 28.15 Billion USD by 2021PUNE, India, November 15, 2016 /PRNewswire/ -- The report "Soft Magnetic Materials Market by Material Type (Soft Ferrite, Electrical Steel, Cobalt), Application (Motor, Transformer, Alternator), End User Industry (Automotive, Electronics & Telecommunications, Electrical) - Global Forecast to 2026", published by MarketsandMarkets, the market is projected to reach USD 28.15 Billion by 2021, growing at a CAGR of 7.8%, from 2016 to 2021. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 72 market data Tables and 43 Figures spread through 125 Pages and in-depth TOC on "Soft Magnetic Materials Market" http://www.marketsandmarkets.com/Market-Reports/soft-magnetic-material-market-206182334.html Early buyers will receive 10% customization on this report. The increasing demand for materials that can reduce eddy current loss and offer good permeability is driving the usage of soft magnetic materials in many end-user industries such as automotive, electronics & telecommunications, and electrical, among others. Electrical steel comprises a major share of the soft magnetic materials market in terms of value Electrical steel has the highest market share in the global soft magnetic materials market as it provides electrical insulation, high permeability, low coercively, high electrical resistivity to iron, and minimizes magnetic losses. It is used in applications such as, electrical power transformers, motors, generators, and inductors. It also offers a small hysteresis area which eventually leads to less eddy current loss, thereby increasing the efficiency of the application. Download PDF Brochure of this Report @ http://www.marketsandmarkets.com/pdfdownload.asp?id=206182334 Automotive is the largest end-use industry for soft magnetic materials in terms of volume Soft magnetic materials have gained wide acceptance in various end-user industries, because of the superior performance anda number of advantageous properties such as, good permeability and the reduction of eddy current loss. Automotive is a major consumer in the soft magnetic materials market. The major automotive applications where these materials are used include, anti-lock brake systems, fuel injectors, motors, compressors, other rotating devices, and so on. Asia-Pacific accounts for a major market share in the soft magnetic materials market The growth of the Soft Magnetic Materials Market in the Asia-Pacific region is driven by the growing electronics & telecommunications and automotive industries due to the presence of established players and stringent environmental regulations stressing upon the use of materials which will lead to the reduction of eddy current loss, thereby leading to energy savings. Some of the leading players such as Daido Steel Co. Ltd. (Japan) and Toshiba Materials Co., Ltd. (Japan) have accelerated their R&D efforts to provide good quality soft magnetic materials. Moreover, the Asia-Pacific region is witnessing rapid economic development and industrialization, which is also giving an impetus to the soft magnetic materials market in the region. Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=206182334 Some of the key global players in the soft magnetic market are Hitachi Metals Ltd. (Japan), Toshiba Materials Co. Ltd. (Japan), GKN Sinter Metals Inc. (U.S.), Sintex a/s (Denmark) and others. These players have adopted various organic and inorganic developmental strategies during the past five years. Browse Related Reports: Magnetic Materials Market by Type (Semi-Hard Magnet, Soft Magnet, Hard/Permanent Magnet) & by Application (Automotive, Electronics, Industrial, Power Generation, and Others) - Global Forecasts to 2020 Subscribe Reports from Chemicals & Materials Domain: http://www.marketsandmarkets.com/Knowledgestore.asp About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical SOURCE MarketsandMarkets 
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