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.
For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=2472
“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.
Rare-Earth Magnet Crisis Spurs Demand for Amorphous Iron as a Magnetic Material
Though most countries are concentrating their efforts on mining rare-earth magnets, the availability of rare-earth materials is higher in China. China has been using it as a geopolitical tool and threatening to cut exports of rare-earth magnets, such as neodymium. This is resulting in fluctuating supply and soaring prices of rare-earth magnets, which is the primary reason why end-users are focusing on reducing their dependency on rare-earth magnets and moving to amorphous iron as a magnetic material, thereby boosting growth of the amorphous iron market.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=2472
Furthermore, in its recently published document ‘‘National Defense Authorization Act for Fiscal Year 2019’’, the U.S. government has announced a ban on imports of rare-earth permanent magnets, such as SmCo and NdFeB and Tungsten, from China, Russia, Iran, and North Korea. In addition, other countries, including Japan and leading European countries, have had stained geopolitical relations with China as China has been accused for unofficially banning supply of rare-earth magnets. Thereby, an increasing number of end-users are incorporating innovative magnetic materials, including amorphous iron, to replace rare-earth magnets in various power distribution systems. This is expected to make a significant impact on growth parameters of the amorphous iron (Fe amorphous) market.
Manufacturers active in the amorphous iron (Fe amorphous) market are capitalizing on the growing needs for using highly efficient magnetic materials in various industrial applications. Especially in automotive motors, an increasing number of automakers are making use of permanent magnets in manufacturing various electrical-automotive components, which is expected to create lucrative opportunities for amorphous iron (Fe amorphous) market players in the upcoming years.
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/2472/S
Amorphous Iron (Fe Amorphous) Market will Witness Fastest Growth in the Electric Motor Segment
The Fact.MR study thoroughly analyzes various applications of amorphous iron as a magnetic material, and finds that amorphous iron is more commonly used in the manufacturing of transformers than any other application. However, the study predicts that future demand for amorphous iron in electric motors will increase with the fastest rate to influence future trends in the amorphous iron (Fe amorphous) market.
The automotive industry is undergoing a transformation as global sales of electric vehicles was reached new heights. Stakeholders in the amorphous iron (Fe amorphous) market are adopting innovative strategies to benefit from increasing manufacturing of electric motors for electric vehicles and improve the profitable sales of amorphous iron.
For comprehensive insights on this market adoption, ask an analyst here – https://www.factmr.com/connectus/sample?flag=AE&rep_id=2472
The Fact.MR study provides a comprehensive explanation of the future prospects of the amorphous iron (Fe amorphous) market, and predicts that the market will witness healthy growth with an incremental 6.3% volume CAGR during the period 2019-2027.
Why Choose Fact.MR?
- Multi-Disciplinary Approach to Solve Market Challenges
- Accurate Regional Demand Estimation And Forecast
- Data Acquisition from Trusted Multidimensional Sources
- Real-Time Competitive Breakdown
- Customized Business Solutions
Explore Fact.MR’s Comprehensive Coverage on Chemical & Materials Landscape
Industrial Rubber Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2022 to 2030: https://www.factmr.com/report/industrial-rubber-market
Release Coatings Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2022 to 2031: https://www.factmr.com/report/release-coatings-market
Stain Resistant Coatings Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2022 to 2031: https://www.factmr.com/report/stain-resistant-coatings-market
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583