Soft Magnetic Materials Market to reach 28.15 Billion USD : Increasing Usage and Growth Opportunities by 2021
The Soft Magnetic Materials Market is projected to reach USD 42.14 Billion by 2026 at a CAGR of 8.1%. The use of soft magnetic materials is becoming crucial in the various end-user industries and applications as it offers high permeability and helps in the reduction of eddy current loss.The increasing demand for materials that can reduce eddy current loss and offer good permeability is driving the usage of soft magnetic materials in many end-user industries such as automotive, electronics & telecommunications, and electrical, among others. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=206182334 Electrical steel comprises a major share of the soft magnetic materials market in terms of value Electrical steel has the highest market share in the global soft magnetic materials market as it provides electrical insulation, high permeability, low coercivity, high electrical resistivity to iron, and minimizes magn