Soft Magnetic Materials Strategic Insights: Analysis 2025 and Forecasts 2033

Key Insights

The global soft magnetic materials market is projected to grow from USD 2624 million in 2025 to USD 2905 million by 2033, at a CAGR of 1.1%. The growth of the market is driven by increasing demand from various applications, such as communication, home appliances and consumer electronics, automotive and transportation, and photovoltaics and wind power.

Key trends in the market include the miniaturization of electronic devices, which is leading to increased demand for soft magnetic materials with smaller sizes and higher efficiency. Another trend is the development of new materials with improved magnetic properties, such as nanocrystalline and amorphous magnetic materials. These materials offer advantages such as high permeability, low core losses, and high saturation magnetization, making them suitable for applications requiring high efficiency and performance. The market is highly competitive and dominated by a few key players, including Proterial, Ltd., TDK, DMEGC, Qingdao Yunlu, and TDG.

Soft Magnetic Materials Trends

The global soft magnetic materials market is projected to reach USD 30 million by 2028, exhibiting a CAGR of 6.5% during the forecast period. The rising demand for energy-efficient devices and the growing adoption of electric vehicles are the key factors driving the market growth. Soft magnetic materials are used in a wide range of applications, including transformers, inductors, and motors. They offer low energy losses and high permeability, making them ideal for use in devices that require efficient power conversion.

Driving Forces: What's Propelling the Soft Magnetic Materials Market

The increasing demand for energy-efficient devices is a major factor driving the growth of the soft magnetic materials market. Governments worldwide are implementing regulations to reduce energy consumption, which is leading to the development of more efficient appliances and electronic devices. Soft magnetic materials play a vital role in improving the efficiency of these devices by reducing energy losses.

The growing adoption of electric vehicles is another key factor driving the market growth. Electric vehicles require efficient power conversion systems to maximize their range and performance. Soft magnetic materials are used in these systems to reduce energy losses and improve efficiency.

Challenges and Restraints in Soft Magnetic Materials Market

The high cost of soft magnetic materials is a major challenge facing the market. These materials are typically made from rare earth elements, which are expensive and can be difficult to obtain. The availability of these materials is also a concern, as they are often sourced from politically unstable regions.

The development of new soft magnetic materials that are more affordable and widely available is a key challenge facing the industry. These materials must also meet the performance requirements of the applications in which they are used.

Key Region or Country & Segment to Dominate the Market

The Asia-Pacific region is expected to dominate the soft magnetic materials market over the forecast period. The region is home to a large number of manufacturers of electronic devices and appliances, which is driving the demand for soft magnetic materials. China is the largest market for soft magnetic materials in the region, followed by Japan and South Korea.

The communication segment is expected to account for the largest share of the soft magnetic materials market over the forecast period. This segment includes applications such as transformers, inductors, and filters. The growing demand for mobile devices and other electronic devices is driving the growth of this segment.

Growth Catalysts in Soft Magnetic Materials Industry

The development of new soft magnetic materials that are more affordable and widely available is a key growth catalyst for the industry. These materials must also meet the performance requirements of the applications in which they are used.

The growing adoption of electric vehicles is another key growth catalyst for the industry. Electric vehicles require efficient power conversion systems to maximize their range and performance. Soft magnetic materials are used in these systems to reduce energy losses and improve efficiency.

Leading Players in the Soft Magnetic Materials Market

• Proterial, Ltd.
• TDK
• DMEGC
• Qingdao Yunlu
• TDG
• POCO Magnetic
• MAGNETICS
• CSC (Changsung Corp.)
• ZheJiang NBTM KeDa (KDM)
• Advanced Technology
• FERROXCUBE
• Acme Electronics
• Tianchang Zhongde Electronic
• Kaiyuan Magnetism
• JPMF (Guangdong LingYI)
• Shanghai Jishun Magnetic Material
• Samwha Electronics
• Haining Lianfeng
• Nanjing New Conda
• Zhejiang Zhaojing
• Dongbu Electronic Materials
• Micrometals
• JFE Chemical
• Shandong Jianuo Electronic
• Sunshine Electronic Technology
• Suzhou Tianyuan Magnetic
• Tomita Electric
• Shanghai Magway Magnetic
• Haining Ferriwo Electronics

Significant Developments in Soft Magnetic Materials Sector

• In 2019, Proterial, Ltd. announced the development of a new soft magnetic material that is more affordable and widely available than traditional materials. This material is expected to drive the growth of the soft magnetic materials market in the coming years.
• In 2020, TDK announced the development of a new soft magnetic material that is more efficient than traditional materials. This material is expected to be used in a wide range of applications, including transformers, inductors, and motors.

Comprehensive Coverage Soft Magnetic Materials Report

This report provides a comprehensive overview of the global soft magnetic materials market. It includes detailed information on the market size, segmentation, key trends, and growth catalysts. The report also provides profiles of the leading players in the market.

Soft Magnetic Materials Segmentation

• 1. Type
  • 1.1. Overview: Global Soft Magnetic Materials Consumption Value
  • 1.2. Soft Ferrite Materials
  • 1.3. Metal Magnetic Powder Materials
  • 1.4. Amorphous Magnetic Materials
  • 1.5. Nanocrystalline Soft Magnetic Materials
  • 1.6. Others
• 2. Application
  • 2.1. Overview: Global Soft Magnetic Materials Consumption Value
  • 2.2. Communication
  • 2.3. Home Appliances and Consumer Electronics
  • 2.4. Automotive and Transportation
  • 2.5. Photovoltaics and Wind Power
  • 2.6. Lighting Industry
  • 2.7. Computers and Office Equipment
  • 2.8. Others

Soft Magnetic Materials Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific