The global soft ferrite market size has witnessed moderate growth at a CAGR of 4.4% over the past half-decade. However, due to the ongoing outbreak of COVID-19, the market has declined by more than 1% in terms of value, and around 0.4% decline in prices over the first 2 quarters of 2020. Post this timeframe, with a resurrection in global demand, the soft ferrite market is forecast to witness a rapid uptake at a CAGR of over 6% during the forecast period (2020-2030).
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Soft Ferrite Market Segmentation
Fact.MR has studied the soft ferrite market with detailed segmentation on the basis of product, application, and key regions.
- Mn-Zn Ferrite
- Ni-Zn Ferrite
- North America
- Latin America
- Asia Pacific Excluding Japan
- Middle East & Africa
Soft Ferrite Market Manufacturers: Key Strategies
The global soft ferrite market is fairly consolidated in nature. Voestalpine Stahl GmbH, Hitachi Metals Ltd, and Toshiba Corp (Toshiba Materials Co., Ltd.) are among the tier 1 players. Together, they are anticipated to account for more than 50% of the global market share in 2020. Key manufacturers are observed to be involved in extensive research, product development, and catering products to promising and niche applications to enhance their market share. Prominent manufacturers have also showcased inorganic strategies. For instance, in August 2016, MMG acquired Sinome Ferrites based in Brazil. This acquisition is set to enhance ferrite offerings across the Americas.