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Global Amorphous Soft Magnetic Materials Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Materials that are easily magnetised and demagnetized are known as soft magnetic materials. Amorphous soft magnetic materials often have high permeability, low eddy current, low hysteresis losses, little remnant magnetization, low coercivity, and low eddy current. These materials' remarkable magnetic capabilities make them suitable for a wide range of uses, including sensors, high-frequency inductors, transformers, shielding, and electronic article surveillance systems.
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Due to the rise in electric vehicle use worldwide and the region's position as the world's manufacturing hub for electronic and electrical components, the Asia-Pacific region is predicted to experience profitable growth over the course of the forecast period. Additionally, leading electric vehicle producers like Tesla have initiated investments in the Chinese market to take advantage of potential market prospects. Therefore, it is anticipated that during the projection period, China will experience a growth in demand for amorphous soft magnetic materials used in the production of electric vehicle components.
Some of the key players in Amorphous Soft Magnetic Materials market include Advanced Technology & Materials Co., Ltd., AMES SA, Arnold Magnetic Technologies, Bomatec AG, China Amorphous Technology Co., Ltd., GKN Sinter Metals, Hitachi Metals, Ltd., MK Magnetics, Inc., Powder Metal Group (PMG), Steward Advanced Materials, Toshiba Materials Co., Ltd. and Vacuumschmelze GmbH & Co. KG.
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