Magnetostrictive Material Market - Forecast(2023 - 2028)

Report Code: CMR 82310 Report Format: PDF + Excel
Magnetostrictive Material Market size is forecast to reach $25.2 billion by 2025, after growing at a CAGR of 8.6% during 2020-2025. Magnetostrictive Material industry is projected to augment due to Increase in application of Magnetostrictive material in diverse range of industries, owing to its superior property such as change in dimension. 

Report Coverage
The report: “Magnetostrictive Material Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Magnetostrictive Material Market Industry. 

By Type – Rare Earth Material, Ferrite Magnetostrictive Material (Cobalt Ferrite, Nickel Ferrite, Others)
By End Use – Aviation, Automotive, Construction, Medical and Healthcare Industry, Water and Waste-Water Treatment, Electrical and Electronics and Others.  
By Geography – North America, South America, Europe, APAC, RoW

Key Takeaways
  • APAC dominates the Magnetostrictive Material market owing to high demand from consumer electronics and automotive sector in the region.  
  • Increase in R&D activities and rise in investment will further drive the market growth.  
  • The market drivers and restraints have been assessed to understand their impact over the forecast period. The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. 
  • The other key areas of focus include the various applications in Magnetostrictive Material Market and their specific segmented revenue. 

Type - Segment Analysis
Ferrite Magnetostrictive material held the largest share in the Magnetostrictive Material market in 2019. Ferrite magnetostrictive materials have high stability, high durability, high precision, and long working life, and are feasible to end consumers such as wastewater treatment firms, pharmaceutical manufacturers, as well as consumer goods manufacturers. One of the most promising materials for applications involving torsion and stress are the cobalt ferrites substituted with manganese. Magnetostriction properties of these signposts of cobalt ferrites replaced with manganese can be implemented effectively in different directions. Cobalt ferrites can be used as gigantic material, as strain, torsion, or force sensors as well as magnetic cores. These materials when taken in the form of nano particles, can be commonly used in medicine as gas sensors and catalysts, and in micro and nanoelectronics as shrill mats. These factors are anticipated to boost the overall growth of ferrite magnetostrictive material.

End Use – Segment Analysis
Electrical and Electronics industry held the largest share in the Magnetostrictive Material market in 2019 growing at a CAGR of 9.7%. The magnetostrictive material market is witnessing significant growth in electronics industry because of its usage in transducers, actuators & motors, and structural materials. In the past few years there has been growth of electrical and electronics industry in emerging economies. The introduction of new products, leading more people to buy consumer electronics, innovation, falling prices, growing household incomes and increasing consumer sentiment have been driving the demand for consumer electronics. Shaft torque sensors based on the magnetostriction effect and magnetostrictive materials used in sensors. Torque sensors employing amorphous ribbons in a chevron pattern and with solenoidal pickup coils have been developed for highly sensitive torque measurements in an intermediate dynamic range. Hybrid electro-hydraulic actuators using smart materials such as Magnetostrictive along with flow rectification have been widely used in recent years. The basic operation of these electro-hydraulic actuators includes the bidirectional high frequency action of an active material which is transformed by a series of valves into unidirectional fluid movement. In recent times from January to March 2020, global electrical and electronics industry has seen decline in trade due to COVID-19 pandemic. The virus outbreak has affected the manufacturing sector across globe which has resulted into economic crisis across all industry verticals. The impact of COVID-19 pandemic on electrical and electronics industry can be traced till the end of year 2020, followed by which the industry will see healthy growth during the forecast period. 

Geography - Segment Analysis
APAC dominates the Magnetostrictive Material market with a share of more than 42%, followed by North America and Europe. The growth of Magnetostrictive Material is supported due to presence of consumer electronics industry, automotive and aviation industry. The consumer electronics market segment is projected to exhibit a higher growth during the forecast period. The growth of the media and entertainment industry is aiding the healthy growth of electrical and electronics industry. The penetration of air conditioners in households, increasing income levels and rising temperatures of the middle-class population in countries such as China and India further contribute to the segment growth. Furthermore, well-established automotive market in APAC region will fuel the growth of magnetostrictive material. Moreover, the market can see impact on the growth due to ongoing COVID-19 pandemic globally for year 2020. The COVID-19 pandemic has forced many manufacturers to temporary shutdown their manufacturing units. 

Drivers – Magnetostrictive Material Market
  • R&D for advanced Magnetostrictive Material will drive the market
In recent years, R&D on rare earth giant magnetostrictive materials has grown rapidly in the following areas, including mechanical properties of materials, alloy solidification cycle, magnetic domain orientation distribution, alloy properties in which the composition is in the morphotropic phase boundary, conventional methods such as high magnetic field application and stress treatment and new heat treatment method. The researchers continue to develop new rare earth giant magnetostrictive material alloy system, namely, the TbDyFe system with substitution or addition of different elements. 

Challenges – Magnetostrictive Material Market
  • Presence of alternative material can restrict the market
Magnetostrictive materials are currently of great interest due to their application potential in sensors and actuators. Metallic glass alloy Amorphous alloys Metglas 2826 MB are the best-known applicants for magnetostrictive sensors as these amorphous alloys exhibit large saturation magnetostriction, small saturation magnetization, low anisotropic energy, and low coercion. These materials can act as challenge to rare earth and Ferrite Magnetostrictive Material. 

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Magnetostrictive Material market. In 2019, the market of Magnetostrictive Material has been consolidated by the top five players accounting for xx% of the share. Major players in the Advanced Cerametrics, Bayer Material Science, TDK Corporation, Kenco Group, Gansu Rare Earth Functional Materials, and others. 

Acquisition/Technology Launches
  • Scientists has developed a new mechanism capable of harvesting wasted magnetic field energy and converting it into enough electricity to power next-generation sensor networks for smart buildings and factories. Scientists from Penn State University has developed a device that provides 400 percent higher power output compared to other state-of-the-art technology when working with low-level magnetic fields, like those found in our homes and buildings.

1. Magnetostrictive Material Market- Market Overview
    1.1 Definitions and Scope
2. Magnetostrictive Material Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Type
    2.3 Key Trends by End Use
    2.4 Key Trends by Geography
3. Magnetostrictive Material Market - Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Magnetostrictive Material Market - Startup companies Scenario Premium (Premium) 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Magnetostrictive Material Market -Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Magnetostrictive Material Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Magnetostrictive Material Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Magnetostrictive Material Market – By Type (Market Size -$Million, KT)
    8.1 Rare Earth Material
    8.2 Ferrite Magnetostrictive Material
        8.2.1 Cobalt Ferrite
        8.2.2 Nickel Ferrite
        8.2.3 Others
9. Magnetostrictive Material Market - By End Use (Market Size -$Million / KT)
    9.1 Aviation
    9.2 Automotive
    9.3 Construction
    9.4 Medical and Healthcare Industry
    9.5 Water and Waste Water Treatment
    9.6 Electrical and Electronics
    9.7 Others
10. Magnetostrictive Material Market - By Geography (Market Size -$Million / KT)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Chile
        10.2.5 Rest of South America
    10.3 Europe
        10.3.1 U.K
        10.3.2 Germany
        10.3.3 Italy
        10.3.4 France
        10.3.5 Netherlands
        10.3.6 Spain
        10.3.7 Russia
        10.3.8 Belgium
        10.3.9 Rest of Europe
    10.4 Asia Pacific
        10.4.1 China
        10.4.2 India
        10.4.3 Australia and New Zealand
        10.4.4 Japan
        10.4.5 South Korea
        10.4.6 Rest of Asia Pacific
    10.5 ROW
        10.5.1 Middle East
            10.5.1.1 UAE
            10.5.1.2 Saudi Arabia
            10.5.1.3 Israel
            10.5.1.4 Others
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. Magnetostrictive Material Market - Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Market Share Analysis (Premium)
    12.1 Market Share by Country- Top companies
    12.2 Market Share by Region- Top companies
    12.3 Market Share by type of Product / Product category- Top companies
    12.4 Market Share at global level- Top companies
    12.5 Best Practices for companies
13. Magnetostrictive Material Market -List of Key Companies by Country (Premium) 
14. Magnetostrictive Material Market Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments
    14.2 Company 1
    14.3 Company 2
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Global Magnetostrictive Material Market, By Type Market 2019-2024 ($M)
1.1 Rare Earth Material Market 2019-2024 ($M) - Global Industry Research
1.2 Ferrite Magnetostrictive Material Market 2019-2024 ($M) - Global Industry Research
2.Global Global Magnetostrictive Material Market, By Type Market 2019-2024 (Volume/Units)
2.1 Rare Earth Material Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Ferrite Magnetostrictive Material Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Global Magnetostrictive Material Market, By Type Market 2019-2024 ($M)
3.1 Rare Earth Material Market 2019-2024 ($M) - Regional Industry Research
3.2 Ferrite Magnetostrictive Material Market 2019-2024 ($M) - Regional Industry Research
4.South America Global Magnetostrictive Material Market, By Type Market 2019-2024 ($M)
4.1 Rare Earth Material Market 2019-2024 ($M) - Regional Industry Research
4.2 Ferrite Magnetostrictive Material Market 2019-2024 ($M) - Regional Industry Research
5.Europe Global Magnetostrictive Material Market, By Type Market 2019-2024 ($M)
5.1 Rare Earth Material Market 2019-2024 ($M) - Regional Industry Research
5.2 Ferrite Magnetostrictive Material Market 2019-2024 ($M) - Regional Industry Research
6.APAC Global Magnetostrictive Material Market, By Type Market 2019-2024 ($M)
6.1 Rare Earth Material Market 2019-2024 ($M) - Regional Industry Research
6.2 Ferrite Magnetostrictive Material Market 2019-2024 ($M) - Regional Industry Research
7.MENA Global Magnetostrictive Material Market, By Type Market 2019-2024 ($M)
7.1 Rare Earth Material Market 2019-2024 ($M) - Regional Industry Research
7.2 Ferrite Magnetostrictive Material Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Magnetostrictive Material Market Revenue, 2019-2024 ($M)
2.Canada Magnetostrictive Material Market Revenue, 2019-2024 ($M)
3.Mexico Magnetostrictive Material Market Revenue, 2019-2024 ($M)
4.Brazil Magnetostrictive Material Market Revenue, 2019-2024 ($M)
5.Argentina Magnetostrictive Material Market Revenue, 2019-2024 ($M)
6.Peru Magnetostrictive Material Market Revenue, 2019-2024 ($M)
7.Colombia Magnetostrictive Material Market Revenue, 2019-2024 ($M)
8.Chile Magnetostrictive Material Market Revenue, 2019-2024 ($M)
9.Rest of South America Magnetostrictive Material Market Revenue, 2019-2024 ($M)
10.UK Magnetostrictive Material Market Revenue, 2019-2024 ($M)
11.Germany Magnetostrictive Material Market Revenue, 2019-2024 ($M)
12.France Magnetostrictive Material Market Revenue, 2019-2024 ($M)
13.Italy Magnetostrictive Material Market Revenue, 2019-2024 ($M)
14.Spain Magnetostrictive Material Market Revenue, 2019-2024 ($M)
15.Rest of Europe Magnetostrictive Material Market Revenue, 2019-2024 ($M)
16.China Magnetostrictive Material Market Revenue, 2019-2024 ($M)
17.India Magnetostrictive Material Market Revenue, 2019-2024 ($M)
18.Japan Magnetostrictive Material Market Revenue, 2019-2024 ($M)
19.South Korea Magnetostrictive Material Market Revenue, 2019-2024 ($M)
20.South Africa Magnetostrictive Material Market Revenue, 2019-2024 ($M)
21.North America Magnetostrictive Material By Application
22.South America Magnetostrictive Material By Application
23.Europe Magnetostrictive Material By Application
24.APAC Magnetostrictive Material By Application
25.MENA Magnetostrictive Material By Application
26.Advanced Cerametrics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Bayer Material Science, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Tdk Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Tdvib, Llc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Kenco Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Gansu Rare Earth Functional Material, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Emerson Electric, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Metglas, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Lord Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Kyocera Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)