Superconducting Materials Market Size was valued at USD 8.5 billion in 2021 and is expected to register a CAGR of up to 9.5% between 2022 and 2020, owing to the flourishing electronic industry and the rising use of Superconducting materials in medical devices. A Superconducting material is a material that exhibits zero electrical resistance when cooled below a certain threshold temperature. A Superconducting material can be a metal, non-metal, or metalloid. The medical industry has the highest application share as the Smart Materials are use in MRI machines.
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