Future of Soft Magnetic Composites (SMCs) Market: Demand and Growth...

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2025-02-19 07:47:54 -

Future of Soft Magnetic Composites (SMCs) Market: Demand and Growth Forecast to 2033

The soft magnetic composites (SMCs) market is projected to expand from its present valuation of US$ 4.5 billion in 2023 to US$ 8.9 billion by the conclusion of 2033. During the period from 2023 to 2033, the market is anticipated to experience a compound annual growth rate (CAGR) of 7%. The rising demand for motors in the automotive and electric sectors is propelling the adoption of soft...

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