Title: Motor Lamination Material Market Study Provides Latest Intelligence on Growth in 2023 and Beyond
Global Motor Lamination Material supply-demand continues to be impacted by broader developments in the chemicals sector. The new Motor Lamination Material market research report outlines the key factors that will impact production, supply, and demand during the assessment period (2021-2031).
The study tracks Motor Lamination Material demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and Motor Lamination Material in particular.
How will Motor Lamination Material Sales Grow in 2023 and Beyond
The Motor Lamination Material industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.
Overall, demand for Motor Lamination Material will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2023 with sales expected to be in the range of 15.5 million to 16 million.
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Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.
The European chemical sector is also set to recover in 2023, after contracting by 2% in 2023. Recovery is likely to be sustained with a growth of 2% also expected in 2023.
Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2023, but other economies in the region continue to be on the path to recovery.
The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
Motor Lamination Material Market: Segmentation
On the basis of Product Type, the Motor Lamination Material Market can be segmented into:
- Nickel Alloys
- Cobalt Alloys
On the basis of Application, the Motor Lamination Material Market can be segmented into:
- Electrical stators/rotors
- Electric motors
- Magnetic coils
On the basis of End use, the Motor Lamination Material Market can be segmented as:
- Consumer Appliances
- Power Infrastructure
- Oil Gas Energy
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The Fact.MR study profiles the business, product and other key strategies of the leading Motor Lamination Material companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use. Some of the leading companies in the Motor Lamination Material market include (Big River Steel, Alliance Steel, Metglas,Tempel, Sinotech, LCS Company)
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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