Amorphous Iron (Fe Amorphous) Market: End-users Turn to Amorphous Iron to Reduce Dependency on Rare-earth Magnets
July 9, 2019 by Steve Blade
A recently compiled report of Fact.MR, titled “Global Amorphous iron (Fe Amorphous) Market: Forecast, Trend Analysis & Competition Tracking Global Review 2018 to 2027,” provides a comprehensive analysis on development of the amorphous iron (Fe Amorphous) market worldwide. Size of the amorphous iron (Fe Amorphous) market has been assess for the historical period (2013-2017) and forecast period (2018-2027), and has been offered in terms of value (US$ million) and volume (tons). The report by Fact.MR also offers historical data and forecast on the amorphous iron (Fe Amorphous). The primary objective of the Fact.MR report is to offer updates on drivers, trends, restraints, value forecasts, challenges, and opportunities for manufacturers, distributors, and other stakeholders in the amorphous iron (Fe Amorphous) market. The latest report on amorphous iron (Fe Amorphous) market focuses on the factors impacting the growth and provides actionable key insights on the market. The report also offers qualitative and quantitative analysis of the amorphous iron (Fe Amorphous) 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.
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Increase in Iron Mine Production Keeps Prices Competitive
According to the National Minerals Information Center, US Geological Survey, the global production of crude iron ore increased from 2.5 billion metric tons to around 3.3 billion metric tons between the period 2010 and 2015. Also, the global production of usable iron ore also witnessed a significant rise from 1.8 billion metric tons to around 2.3 billion metric tons during the span of five years. Steadily increasing global production of iron is expected to amplify the availability of raw materials for amorphous iron, helping manufacturers to keep the production costs under control.
The information on the growth of the amorphous iron (Fe amorphous) market during the forecast period 2018-2027 featured in the Fact.MR report is divided into two main segments for the understanding of readers. The amorphous iron (Fe amorphous) market is segmented according to the applications of amorphous iron as a magnetic material and regions.
“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.
The Fact.MR report provides comprehensive information about competitive environment and company developments in the amorphous iron (Fe amorphous) market. The report provides key financials and information on winning strategies of amorphous iron (Fe amorphous) market players including GKN plc. (Hoeganaes Corporation), Rio Tinto PLC, Höganäs AB, Voestalpine Stahl GmbH, Hitachi Metals Ltd, Toshiba Corp (Toshiba Materials Co., Ltd.), Sumitomo Metal Mining Co., Ltd., VACUUMSCHMELZE GmbH & Co. KG, PMG Holding GmbH, and Hengdian Group DMEGC Magnetics Co., Ltd.
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