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MSoft Magnetic Composites (SMCs) Market Trends, Share, Industry Size, Growth, Demand, Opportunities and Forecast By 2033

Posted by Yashi Vaidya on October 17, 2024 at 3:34am 0 Comments

The soft magnetic composites (SMCs) market, valued at US$ 4.5 billion in 2023, is projected to reach US$ 8.9 billion by 2033, growing at a CAGR of 7% over the forecast period.



The rising demand for motors in the automotive and electric sectors is a key driver of SMC usage, with soft magnetic composites currently accounting for 60% of the global motor market.



For more insights into the Market, Request a Sample of this Report –…

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Posted by goditac499 on October 17, 2024 at 3:28am 0 Comments

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