Additive manufacturing (AM) has emerged over the past 20 years as a technology that is revolutionizing the manufacturing industry with its ability to turn digital data into physical parts. According to a new iRAP report, the 2018 market for AM machines, materials and processes is projected to reach $6 billion in 2018. It is expected to grow at a compound annual growth rate (CAGR) of 24.5% from 2018 through 2023, to reach $19.5 billion in 2023.
While the soft magnetic material industry is a mature industry, new improved materials are providing with higher energy efficiency transformers and motors. According to a new iRAP report, the 2014 global market for soft magnetic materials stood at about $45.4 billion, and it is estimated to reach $66.6 billion by 2019 with a CAGR of 7.9%.
The platinum group metals (PGMs) recycling industry has sustained growth in the last decade and is likely to continue this growth into the next decade because of the increasing value of PGMs and an expansion of technologies.
