Nanocrystalline Soft Magnetic Material Industry Analysis in Latin America are Expected to Reach at US$ 1.94 Bn by 2034

LA nanocrystalline soft magnetic materials is expected to grow significantly, driven by infrastructure investments & renewable energy adoption | Fact.MR Report

ROCKVILLE, MD , MD, UNITED STATES, February 5, 2025 /EINPresswire.com/ -- Sales of nanocrystalline soft magnetic materials in Latin America are expected to grow at a strong compound annual growth rate (CAGR) of 10.9%, from US$ 691.7 million in 2024 to US$ 1.94 billion by the end of 2034.

A intriguing and quickly developing area of materials science and engineering is represented by nanocrystalline soft magnetic materials. Because of their great permeability, nanocrystalline materials can be used in situations where magnetic flux must travel with little resistance. Nanocrystalline soft magnetic materials are widely employed in electronic devices and transformers for power distribution because of their reduced core losses.

The Latin American nanocrystalline soft magnetic material industry is expected to grow significantly, driven by rising infrastructure investments and increased adoption of renewable energy sources. The growing demand for energy-efficient technologies, such as in electric vehicles and renewable energy systems like wind and solar, further supports market expansion. Additionally, advancements in industrial applications and the shift towards smarter, more sustainable technologies in sectors like automotive and electronics are contributing to the market's growth in the region.

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Key Takeaways from Market Study:

The Latin American nanocrystalline soft magnetic materials market is projected to grow from US$ 691.7 million in 2024 to US$ 1.94 billion by 2034, at a 10.9% CAGR.
Demand for two-dimensional nanocrystalline soft magnetic materials is expected to rise at a CAGR of 12.9% through 2034.
In Mexico, the market is anticipated to grow from US$ 214.5 million in 2024 to US$ 690.38 million by 2034, at a 12.4% CAGR.
Brazil's market is projected to expand from US$ 203.6 million in 2024 to US$ 490.91 million by 2034, at a 9.2% CAGR.
Argentina's market is expected to grow from US$ 140 million in 2024 to US$ 423.31 million by 2034, at an 11.7% CAGR.
The motors application segment is forecasted to increase from US$ 202 million in 2024 to US$ 573.56 million by 2034, at an 11% CAGR.

Leading Players Driving Innovation in the Nanocrystalline Soft Magnetic Material Industry Analysis in Latin America:

Hitachi Metal; Toshiba Materials Co Ltd; VacuumSchmelze

Country-wise Analysis:

Mexico's energy sector is undergoing significant modernization, emphasizing infrastructure upgrades and the adoption of advanced technologies. This transformation is driving demand for efficient transformers and inductors utilizing nanocrystalline soft magnetic materials. With a market value of US$ 214.5 million in 2024, the sector is projected to expand at a 12.4% CAGR, reaching US$ 690.38 million by 2034. Government initiatives aimed at enhancing the reliability and sustainability of the power grid are key factors fueling this growth.

Brazil's emphasis on expanding its power transmission infrastructure to meet growing energy demands is driving the adoption of nanocrystalline soft magnetic materials. These materials are crucial for developing efficient transformers that support the country's evolving power grid. With a market value of US$ 203.6 million in 2024, the sector is expected to grow at a 9.2% CAGR, reaching US$ 490.91 million by 2034. Government incentives and regulations promoting energy efficiency and the use of advanced materials in infrastructure projects are further accelerating market growth.

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the Nanocrystalline Soft Magnetic Material Industry Analysis in Latin America, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study reveals essential insights based on classification, application, end-use industry, and country. By classification, the market is divided into one-dimensional, two-dimensional, and three-dimensional materials. In terms of application, key segments include transformers (covering portable, transmission, and distribution), motors (categorized by power range from 1hp to above 1000hp), inductors, and generators.

The end-use industries driving demand include consumer electronics & applications, healthcare, automotive, semiconductors, and others. Geographically, the market is analyzed across Brazil, Mexico, Argentina, Chile, Peru, and the rest of Latin America, with each country contributing to the regional industry's growth.

Check out More Related Studies Published by Fact.MR Research:

Increasing at a CAGR of 10.2%, the global nanocrystalline soft magnetic material market size is forecasted to jump from US$ 7.79 billion in 2024 to US$ 20.58 billion by 2034. Nanocrystalline soft magnetic materials are exhibiting increasing usage in the automobile industry.

The soft magnetic material market size reached US$ 63.42 billion in 2024. Over the forecast period, soft magnetic material demand is anticipated to rise at a 7.8% CAGR. Total market value is predicted to increase from US$ 134.40 billion by 2034.

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