The global amorphous soft magnetic materials market was valued at USD 503 million in 2023, and it is expected to grow at a compound annual growth rate (CAGR) of 5.50% to reach USD 731.70 million by 2030. This growth can be attributed to several factors, including increased demand for energy-efficient electronic components, technological advancements, and the growing adoption of amorphous materials in industries such as automotive, power generation, and consumer electronics.
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