Portland, OR -- (SBWIRE) -- 08/25/2017 -- The global ferrite magnetostrictive material market has witnessed tremendous growth opportunities in the past few years. Ferrite magnetostrictive materials possess high stability, high reliability, high accuracy, and long working life, and are feasible to the end users such as wastewater treatment companies, pharmaceutical manufacturers, as well as consumer goods manufacturers. These factors are anticipated to boost the overall growth of the global ferrite magnetostrictive material market during the forecast period.

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Cobalt ferrites substituted with manganese are one of the most promising materials for applications involving torsion and stress. Magnetostriction properties of these manganese-substituted cobalt ferrites signposts can be effectively applied in various directions. As a gigantic material, they can be used as pressure, torsion, or force sensors as well as magnetic cores. When taken in the form of nano particles, these materials can be widely used as gas sensors and catalysts in medicine, and as shrill layers in micro and nanoelectronics. Ferrite magnetostrictive materials are widely utilized in magnetoelastic transducers for detecting mechanical stresses and magnetic fields. There are various examples in the prose of magnetostrictive ferrites applications in torque, magnetic field, hydrostatic stress, and compressive stress sensors. Magneto-electric composites associate piezoelectric and magnetostrictive phases for the formation of materials, which can convert both mechanical and magnetic energies into electricity. These characteristic features of magneto electric composites make them applicable in power sources for wireless sensor nodes as well as magnetic field sensors since they allow to generate electricity from ambient pulsations and abandoned magnetic fields.

Key Benefits:

-This report provides a quantitative analysis of the current trends, estimations, and dynamics from 2016 to 2023 to assist in identifying the prevailing market opportunities.

-Major countries in each region are mapped according to the individual market revenue.

-The region-wise and country-wise ferrite magnetostrictive material market conditions are comprehensively analyzed.

-This study evaluates the competitive landscape and the value chain analysis to understand the competitive environment across geographies.

-An in-depth analysis of each segment of the ferrite magnetostrictive material market is provided, to assist the prevailing market opportunities.

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Ferrite Magnetostrictive Material Market Key Segments:

By Product type:

-Rare Earth Materials
-Others

By End-User:

-Consumer Goods
-Industrial Manufacturing
-Wastewater Treatment
-Healthcare
-Others

By Geography:

-North America
-Europe
-Asia-Pacific
-LAMEA

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