What is Global Permalloys (FeNi) Market?
The Global Permalloys (FeNi) Market is a significant sector in the world economy, dealing with a nickel-iron magnetic alloy. This alloy is typically composed of 80% nickel and 20% iron, although other formulations are also available. The market for this alloy is vast and diverse, with applications in various industries. The global market value for Permalloys (FeNi) stood at a substantial US$ 207.9 million in 2022. The market is projected to grow and reach a value of US$ 277.1 million by 2029. This growth represents a Compound Annual Growth Rate (CAGR) of 0.2% during the forecast period from 2023 to 2029. The market is dominated by a few key players, with the top three manufacturers accounting for over 70% of the market share. These key players include Nippon Yakin Kogyo, Hitachi Metals Neomaterial, Ltd., and Vacuumschmelze GmbH & Co. KG.
PB (41～51% Ni-Fe Permalloy), PC (70%～85% Ni-Fe Permalloy), Others in the Global Permalloys (FeNi) Market:
Permalloys (FeNi) are classified into different types based on their nickel-iron content. The PB type contains 41-51% nickel-iron Permalloy, while the PC type contains 70-85% nickel-iron Permalloy. There are also other types available in the market. Each type has its unique properties and applications. For instance, the PB type is known for its high permeability and low coercivity, making it ideal for use in electronic components such as transformers and inductors. On the other hand, the PC type, with its higher nickel content, exhibits superior magnetic properties and is often used in high-frequency applications. Despite the differences, all types of Permalloys (FeNi) share a common feature - they are all magnetic alloys that can be easily magnetized and demagnetized. This makes them highly valuable in various industries, particularly in the electronics and telecommunications sectors.
Electronic Component, Others in the Global Permalloys (FeNi) Market:
The Global Permalloys (FeNi) Market finds its application in various areas, including electronic components and others. In the field of electronic components, Permalloys (FeNi) are used in the manufacturing of various devices due to their excellent magnetic properties. These devices include transformers, inductors, and magnetic cores, among others. The alloy's high permeability and low coercivity make it an ideal material for these applications. In addition to electronic components, Permalloys (FeNi) are also used in other areas. However, the specific applications in these other areas are not specified due to the lack of data. Despite this, it is clear that the versatility and unique properties of Permalloys (FeNi) make them a valuable material in various industries.
Global Permalloys (FeNi) Market Outlook:
In conclusion, the Global Permalloys (FeNi) Market is a dynamic and growing sector. With its diverse applications and significant market value, it plays a crucial role in various industries. The market is expected to continue its growth trajectory in the coming years, driven by the increasing demand for Permalloys (FeNi) in various applications. Despite the dominance of a few key players, there are still opportunities for other players to enter and thrive in this market.
| Report Metric | Details |
| Report Name | Permalloys (FeNi) Market |
| Accounted market size in 2023 | US$ 274 million |
| Forecasted market size in 2029 | US$ 277.1 million |
| CAGR | 0.2 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Nippon Yakin Kogyo Co., Ltd., Hitachi Metals Neomaterial, Ltd., Vacuumschmelze GmbH & Co. KG, VDM Metals GmbH, Kouei Co., Ltd., Beijing Beiye Functional Materials Corporation, Xi'an Gangyan Special Alloy Co., Ltd., ATI Inc., Hamilton Precision Metals, Inc., Tochigi Seiko Co., Ltd., Ohtama Co., Ltd. |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
