Global Magnetic Materials Market: Key Highlights
Global Magnetic Materials Market: Key Market Dynamics
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Global Magnetic Materials Market: Regional Overview
The Asia-Pacific is expected to emerge as the global leader in the soft magnetic materials market. Moreover, this region is expected to grow at the highest CAGR during the forecasted period. This growth can be attributed to the owing to the increase in the base of automotive manufacturers and rise in investment in the establishment of advanced electronics and telecommunications industries. China is expected to dominate the magnetic material market in the Asia-Pacific region due to it has an excellent automobile production rate, according to OICA, which, in turn, is a factor behind the rising demand for the industry.
Global Magnetic Materials Market: Key Players Overview
Hitachi Metals, Ltd. Is a Japan-based company the Manufacture and marketing of advanced metals products for the automotive, infrastructure, and electronics industry. The company manufacturers and sell high-grade special steel, industrial equipment materials, various rolling rolls, parts for injection molding machines, structural ceramic parts, steel frame structural parts, soft magnetic materials. In October 2018, Hitachi Metals, Ltd. Expanded its production capacity for FINEMET nanocrystalline magnetic materials.
Daido Steel Co., Ltd. manufactures and markets speciality steel products for automobiles, electronics, and construction use. The company operates through following business segments specialty steel, high perfomance materials and magnetic materials, parts for automobile and industrial equipment, engineering, trading and service. High perfomance materials and magnetic materials business segment offer following products Stainless steel, nickel-based alloys, electrical and electronics parts, magnetic material products(OAγ»FA motor, automotive meter, sensor, measuring device component, etc.), Alloy powder (magnetic powder for HEV), Titanium products (medical titanium alloys, shape-memory alloys), welding wire.
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