With a resurrection in global demand, the soft ferrite market is forecast to witness a rapid uptake at a CAGR of over 6% during the forecast period (2020-2030).
The global soft ferrite market size has witnessed moderate growth at a CAGR of 4.4% over the past half-decade. However, due to the ongoing outbreak of COVID-19, the market has declined by more than 1% in terms of value, and around 0.4% decline in prices over the first 2 quarters of 2020. Post this timeframe, with a resurrection in global demand, the soft ferrite market is forecast to witness a rapid uptake at a CAGR of over 6% during the forecast period (2020-2030).
Distributors have followed the route of speculative demand in the first two quarters of 2020, and significant rise in inventory storage has been observed owing to the rise in confidence of price uptake in Q3 of FY2020. Moreover, reopening of the markets in Europe and East Asia has kick-started the consumption and production of soft ferrite.
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Key Soft Ferrite Market Survey Highlights and Projections
Soft Ferrite Market Segmentation
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Fact.MR
Jun 21, 2023
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