Soft Magnetic Composites Market Dynamics, Segments and Supply Demand 2015-2025 by FMI

Global Soft Magnetic
Composites Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015
Future Market Insights
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Description
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With the accelerating electricity consumption and increasing threat from the green-house
effect and consequential environmental degradation, all the industries are stepping forward
into the reduction of consumption and loss of energy. Though increasing the energy
production will meet the demand but it will lead to increased strain on natural resources and
hence the environment. The better way to tackle the problem lies in the reduction of core
losses that is related to the generation and transformation of electricity.
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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Advancements in materials research has put the imagination into reality to produce high
quality material with soft magnetic properties. SMC compete with steel laminations at a
similar production cost or even cheaper. The benefits of replacing the conventional laminated
core in an electric machine with the SMC are considerable, and include reduced high
frequency tooth ripple losses since the SMC has essentially no eddy current losses, modular
construction allows the possibility of easy removal of an individual modular unit for quick
repair or replacement, stator is easily recyclable, reduced bearing currents. Soft ferrite has the
dominant share amongst the soft magnetic composites. Use of SMC in automotive application
will also expand, for instance in electro-mechanical valve opening and closing, direct fuel
injection, noise suppression etc. Iron based soft magnetic composites are considered to have
major potential in electric motors. Due to the significant economic and environmental
benefits, SMC materials possess great potential for application in electrical machines,
particularly those with complex structures. However, because of the outstanding drawbacks of
the SMC, as lower magnetic permeability and lower saturation flux density compared with
laminated steels, particular efforts to overcome them should be done.
Soft Magnetic Composites Market: Drivers & Restraints
Energy paradigm shift to adopt usage of renewable energy sources, awareness towards
reduction of greenhouse gas emissions, rising sustainability concerns, and government
regulations promoting energy efficient systems are some of the key factors driving the growth
of the soft magnetic composites market.
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Description
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Raw material availability, associated costs and skilled labor force are probable factors
restraining the growth of the soft magnetic composites market.
Soft Magnetic Composites Market: Segmentation
The global soft magnetic composites market is broadly classified on the basis of product type,
applications and geographies.
Based on application, the global soft magnetic composites market is segmented into:
• Electronics
• Automotive
• Energy generation
• Others
Based on product type, the global soft magnetic composites market is segmented into:
• Soft ferrite
• Electrical steel
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Soft Magnetic Composites Market: Overview
Increased concern for energy efficiency and , the acceptance of soft magnetic composites is
gaining popularity. The global soft magnetic composites market is expected to expand at a
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Description
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Soft Magnetic Composites Market: Region-wise Outlook
The global soft magnetic composites market is expected to register a double-digit CAGR for the
forecast period. Depending on geographic regions, global soft magnetic composites market is
segmented into seven key regions: North America, South America, Eastern Europe, Western
Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2015, Europe dominated the global
soft magnetic composites market in terms of market revenue followed by North America. Asia
Pacific & Japan are projected to expand at a substantial growth and will contribute to the
global soft magnetic composites market value exhibiting a robust CAGR during the forecast
period, 2015?2025.
Soft Magnetic Composites Market: Key Players
Some of the key market participants in global soft magnetic composites market are Steward
Advanced Materials Inc, GKN Sinter Metals, Dexter Magnetics, MMG Canada Limited,
Magnetics, AMES, Elna Magnetics, Hitachi Metals Ltd, Höganäs AB, Arnold Magnetic
Technologies Corp and Electron Energy Corporation.
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With the accelerating electricity consumption and increasing threat from the green-house effect and consequential environmental degradation, all the industries are stepping forward into the reduction of consumption and loss of energy. Though increasing the energy production will meet the demand but it will lead to increased strain on natural resources and hence the environment. The better way to tackle the problem lies in the reduction of core losses that is related to the generation and transformation of electricity.