Amorphous Iron Market Classification, Opportunities, Types, Applications, Status And Forecast To 2027

Foliar Fertilizer Market

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.

Request for the Report Summary: https://www.factmr.com/report/2472/amorphous-iron-market

“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.

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.

Request for the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S&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.

Get the Discount on the Report: https://www.factmr.com/connectus/sample?flag=D&rep_id=2472

About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

FactMR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Tel: +353-1-6111-593
Email: sales@factmr.com
Blog: https://theheraldmedia.com/

Matched content

Editor’s pick

Express Press Release Distribution