According a recent study published by Fact.MR, the amorphous iron (Fe amorphous) market is expected to envisage 6% volume growth in 2019 y-o-y over 2018 to surpass 2,427 tons in sales. The study finds that demand for amorphous iron has increased significantly over the past few years as end-users are aiming to reduce their dependency on rare-earth magnets, due to their fluctuating supply and soaring prices. Owing to the extraordinary magnetic properties of amorphous iron, rare-earth magnetics are being replaced by amorphous iron or Fe amorphous in a wide range of industrial applications.
“Amorphous iron, which is predominantly known as Fe amorphous, is an iron alloy in the disorderly structure and it is commonly used in electrical applications or power distribution systems, such as motors, inductors, generators, or transformers. With the conductive characteristics and magnetic properties of amorphous iron, they find a wide range of applications as a magnetic materials, which is boosting growth of the amorphous iron (Fe amorphous) market. Demand for amorphous iron is expected to surge due to the enhanced magnetism in amorphous iron that boosts energy efficiency of its applications,” says a lead analyst at Fact.MR.
Electrification of Drive Boosts Demand for Electric Motor – Triggers Adoption of Amorphous Iron
The global fleet of electric vehicles has been expanding at a rapid pace and various electric equipment used in electric vehicles are expanding the range of applications for amorphous iron or Fe amorphous as a magnetic material. With the recent developments in the designs of electric vehicles, energy efficient components have been witnessing tremendous demand. This is expected to augur well for growth of the amorphous iron market.
Electric components, especially electric motors and electric breaks, which are manufactured using amorphous iron as a magnetic material, deliver maximum energy efficiency and high frequency of operation. Automakers across the world, especially in emerging nations, are incorporating amorphous iron to meet the burgeoning demand for energy efficient electric vehicles, which is expected to create favorable growth environment for amorphous iron (Fe amorphous) in developing countries.
Following Questions Answers Covered in the Report are:
- How will the global Amorphous Iron (Fe Amorphous) Market perform during the forecast period? What will be the market size in terms of value and volume?
- Which segment will drive the global Amorphous Iron (Fe Amorphous) Market? Which regional market will show extensive growth in the future? What are the reasons?
- How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
- What are the key strategies adopted by players to sustain themselves in the global Amorphous Iron (Fe Amorphous) Market?
- How will these strategies influence the market growth and competition?
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
Fe Amorphous Market Competition Analysis
In this chapter, readers can find thorough information that can help them to understand the competitive environment in the amorphous iron (Fe amorphous) market along with detailed information about leading market players. This chapter also provides critical information about amorphous iron (Fe amorphous) market structure, financial share analysis key financials, and competitive developments of each stakeholder in the amorphous iron (Fe amorphous) market.
The Fact.MR report provides comprehensive information about competitive environment and company developments in the amorphous iron (Fe amorphous) market. The report provides key financials and information on winning strategies of amorphous iron (Fe amorphous) market players including GKN plc. (Hoeganaes Corporation), Rio Tinto PLC, Höganäs AB, Voestalpine Stahl GmbH, Hitachi Metals Ltd, Toshiba Corp (Toshiba Materials Co., Ltd.), Sumitomo Metal Mining Co., Ltd., VACUUMSCHMELZE GmbH & Co. KG, PMG Holding GmbH, and Hengdian Group DMEGC Magnetics Co., Ltd.
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