NanocrystallineFoils Market: Introduction
· Nanocrystalline foil is made of a nanocrystalline material withcrystallite size of few nanometers. Technological advancements has led to theproduction of nanocrystalline foils.
· Fine crystalline structures are drawn into foils to achieve superiorproperties, such as wear & corrosion resistance, mechanical strength,protection from magnetic interference, noise & high-energy absorption, andreduce weight as compared to other materials
· Molecular structure of nanocrystalline foil produces quick and easyroute for electromagnetic particles to pass through. The streamlined processwill cause the foil to become more effective and cost-efficient.
· There are large number of applications that demand high resistance toexternal environmental conditions. Nanocrystalline foil are widely used inelectronics and energy industries.
Key Drivers ofGlobal Nanocrystalline Foils Market
· The global nanocrystallinefoils market is driven by the rise in its demand for use in variousapplications where conventional materials are restricted due to complexity,particle size, and other parameters. Moreover, the use of nanocrystalline foilscan significantly cause decline in weight and help improve process efficiency.
· The global nanocrystalline market is also driven by the rise in demandfrom high frequency power transformers. The nanocrystalline foil market hasexpanded as a result of continuous technological advancements.
Investments inResearch & Development to Offer Lucrative Opportunities
· As nanocrystalline foils possess several advantages over conventionalmaterial foils, significant investments are being made for its research anddevelopment
· Manufacturers of nanocrystalline foils are focusing on reducing the costof foils and make it easily available to customers
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High CostAssociated with Nanocrystalline Foils Production to Hamper Market
· High cost associated with the production of nanocrystalline foils, asnanocrystalline foils are made of precious materials and the processing cost ofsuch materials is high. Thus, this factor is likely to restrain the growth ofglobal nanocrystalline foils market.
· Lack of technical knowledge and skilled personnel in several developingcountries is restraining market growth
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Asia PacificExpected to Hold a Major Share of Global Nanocrystalline Foils Market
· The global nanocrystalline foils market can be segmented into: NorthAmerica, Europe, Asia Pacific, Latin America, and Middle East & Africa
· North America is a leading producer and consumer of nanocrystallinefoils across the world, followed by Europe and Asia Pacific. Increase in theproduction capacity is anticipated to boost the market in North America duringthe forecast period. The U.S. accounted for a major share of thenanocrystalline foils market in North America in 2018.
· China is estimated to be a prominent market for nanocrystalline foils inAsia Pacific during the forecast period, owing to increase in the demand fornanocrystalline foils for use in various applications such as mobile phones,tablets, and consumer electronics products
· The nanocrystalline foils market in Asia Pacific is expanding at a rapidpace, as developing countries, such as India and Japan, are witnessinginnovation and technological advancements in nanocrystalline foils
· Rise in imports of nanocrystalline foils in Latin America and MiddleEast & Africa led by increase in consumption of electronic devices in theseregions is anticipated to drive the nanocrystalline foils market in LatinAmerica and Middle East & Africa during the forecast period
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Key Players inGlobal Nanocrystalline Foils Market
The global nanocrystalline foilsmarket is a consolidated market, with leading manufacturers accounting forapproximately 20%–30% of the market share. Key players operating in the globalnanocrystalline foils market are:
· Metglas, Inc.
· American Elements
· Hitachi Metals, Ltd.
· Fukuda Metal Foil & Powder Co., Ltd
· Magnetic Shield Corporation
· Integran Technologies
· Nanostructured & Amorphous Materials Inc.
· Anhui Lizhi Magnetic Material Co., Ltd.
· Hill Technical Sales Corp.
· Shanghai Xianyu Electronics Co., Ltd
· Others
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