Soft Ferrite Market

Soft Ferrite Market Segmentation by Product (Mn-Zn Ferrite, and Ni-Zn Ferrite); by Application (Transformers, Motors, Alternators, and Others); by End User (Aerospace & Defense, Automotive, Consumer Electronics, Power, Telecommunications, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Report ID: 3350 | Published On: Apr 05, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


In The News

  • October 2, 2018: Hitachi Metals announced its involvement in the development of ML27D, which is a soft ferrite core material with distinguished high frequency characteristics. The use of this material is projected to enable low core loss and high energy savings.


Global Soft Ferrite Market Highlights 2022 – 2030

The global soft ferrite market is estimated to garner a large revenue and grow at a CAGR of ~4% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing usage of soft ferrite in electronics for automobiles, growing investments in power distribution sector, and large-scale application of the compound for the manufacturing of high-frequency transformers. In addition, soft ferrite is gaining huge popularity since the last few years as a result of its superior magnetic characteristics, ability to alter magnetization and high electrical resistance. This is considered to be a crucial factor projected to offer abundant growth opportunities to the market in the near future. Furthermore, rising production of electric vehicles, and increasing manufacturing activities in developed and emerging economies are also expected to drive market growth in the upcoming years.  According to the International Energy Agency, total number of electric cars on the road were 17,000 in 2010 which increased up to 7.2 million by 2019. The total sales of electric cars increased by 6 percent from 2018 to 2019. 

Soft Ferrite Market

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The market is segmented by application into transformers, motors, alternators, and others, out of which, the motors segment is anticipated to hold the largest share in the global soft ferrite market on account of the large-scale usage of electric motors in various end user industries such as medical equipment, consumer electronics and electric vehicles. Along with this, soft ferrite is widely being adopted to produce motors of high efficiency with lower consumption costs, which is also assessed to boost the growth of the segment by the end of 2030. The segment for transformers is also predicted to gather a significant market share during the forecast period owing to the increasing venture funding for finding premium quality materials for transformer core. Additionally, on the basis of product, the segment for Mn-Zn ferrite, or manganese coupled with zinc ferrite, is assessed to acquire the largest share over the forecast period in view of its extensive utilization in the electrical industry as a result of its higher permeability and saturation levels than nickel zinc ferrite.


Major Macro-Economic Indicators Impacting the Market Growth

chemicals Graph

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.


Global Soft Ferrite Market Regional Synopsis

On the basis of geographical analysis, the global soft ferrite market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the North America is estimated to witness noteworthy growth over the forecast period on the back of the rising production of electrical components in the region. Apart from this, growing use of electric motors for a variety of industrial applications such as refrigeration, pumping, compressed air and material processing, is also expected to expand the market in the region in the coming years. Moreover, the market in Asia Pacific is projected to occupy the largest share during the forecast period, which can be credited to the increasing demand for electricity, rapid population growth and growing industrialization in the region. For instance, the electricity consumption in China was more than 7500 terawatt hours in 2020, up from about 7225 terawatt hours in 2019. The total electricity consumption in this nation has only observed a hike since 2010.

The global soft ferrite market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Soft Ferrite Market
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Market Segmentation

Our in-depth analysis of the global soft ferrite market includes the following segments:

By Product

  • Mn-Zn Ferrite
  • Ni-Zn Ferrite

By Application

  • Transformers
  • Motors
  • Alternators
  • Others

By End User

  • Aerospace & Defense
  • Automotive
  • Consumer Electronics
  • Power
  • Telecommunications
  • Others


Growth Drivers
  • Growing Use of Soft Ferrite for Making Automobile Electronics
  • Increasing Investments in Power Distribution Sector

Challenges

  • Fluctuating Prices of Raw Materials


chemicals Graph
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Top Featured Companies Dominating the Market

    • Toshiba Materials Co., Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Hitachi Metals, Ltd.
    • TDK Corporation
    • Amidon Inc.
    • Ferroxcube International Holding B.V.
    • Mianyang Kaiyuan Magnetism Material Co., Ltd.
    • Laird Technologies, Inc.
    • Hengdian Group
    • DMEGC Magnetics Co., Ltd.
    • Rio Tinto PLC
    • PMG Holding GmbH

Key Questions Answered in the Report

1) What are the major factors driving the growth of the soft ferrite market?

Ans: The major factors driving market growth are growing use of soft ferrite for making automobile electronics and increasing investments in power distribution sector.

2) What would be the CAGR of soft ferrite market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the soft ferrite market growth?

Ans: Fluctuating prices of raw materials is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of soft ferrite market in future?

Ans: North America will provide more business opportunities for market growth owing to the rising production of electrical components in the region.

5) Who are the major players dominating the soft ferrite market?

Ans: The major players in the market are Toshiba Materials Co., Ltd., Hitachi Metals, Ltd., TDK Corporation, Amidon Inc., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the soft ferrite market?

Ans: The market is segmented by product, application, end user, and by region.

8) Which segment captures the largest market size in the application segment in the soft ferrite market?

Ans: The motor segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.

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