Soft Magnetic Materials Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The automotive industry has been generating remarkable demand for electronic components that enhance efficiency and reliability. Components such as inductors, which occupy significant space inside an automobile, have recently been undergoing dimensional reduction, facilitated by soft magnetic materials. These materials help reduce the size of electronic components, thereby promoting work efficiency. The exceptional magnetic properties of soft magnetic materials continue to drive their application in the automotive industry, which remains at the forefront in terms of demanding technically advanced materials.

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This study indicates that the notable increase in sales of hybrid vehicles, which combine petrol or diesel engines with an electric motor, will significantly boost the soft magnetic materials market growth. These materials catalyze the reduction of CO2 emissions and promote low fuel consumption. Attributing to their ability to reduce vehicle weight compared to conventional electric steel, soft magnetic materials are extensively used in motor-driven systems. Key advantages such as compact design, energy savings, and low noise will continue to push demand for soft magnetic motors in electric and hybrid vehicles, bolstering the growth of the global soft magnetic materials market in the near future.

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Nanocrystalline soft magnetic materials and amorphous alloys exhibit high permeability and enhanced saturation flux density. Other unique properties include low core loss, high temperature resistance, low ageing effects, and high frequency characteristics. The demand for high-frequency transformers and reactors is increasing in power generation. Core losses of electrical steel under high-frequency ranges are very high compared to soft magnetic materials. This core loss converts into heat, raising the temperature of the immediate area and increasing the demand for soft magnetic materials for use in high-temperature environments.

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China is among the major consumers and producers of steel. The geographical strength of Bayo Obo mines, enriched with rare earth elements and iron ore, offers a strong advantage. Manufacturers from Japan and Germany aim to establish a free trade agreement with Mongolia to leverage its proximity to Bayo Obo and access its elements. Furthermore, the growing adoption of bicycles, electric vehicles, power industries, and aerospace creates lucrative growth opportunities for soft magnetic material manufacturers.

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The soft magnetic materials industry has witnessed major expansion, attributable to key global players with diverse product portfolios. The global soft magnetic materials market is highly consolidated and competitive, with leading manufacturing players emphasizing advanced material properties. Players in the soft magnetic materials market focus on strategic acquisitions, enhancing marketing and distribution channels with the objective of gaining high market shares and increasing their geographical presence.

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Prominent market players are concentrating on using various types of alloys for electric steel production and soft magnetic composites (SMC) to improve energy efficiency. Some of the prominent participants in the global soft magnetic materials market that the report covers include GKN plc, Sumitomo Metal Mining Co., Ltd., Hitachi Metals Ltd, Toshiba Materials Co., Ltd., and Rio Tinto PLC.

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The continued advancements in the automotive industry and the increasing focus on reducing CO2 emissions are expected to drive the demand for soft magnetic materials. The development of hybrid and electric vehicles, with their reliance on soft magnetic materials for improved efficiency and performance, will be a significant driver for market growth. Furthermore, the superior magnetic attributes of these materials over traditional electric steel will continue to push their demand in various applications, including power generation and high-frequency environments.

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Soft magnetic materials offer enhanced energy efficiency and design flexibility, making them an ideal choice for modern automotive and electronic applications. Their ability to reduce dimensions, increase efficiency, and lower noise levels will continue to drive their adoption in various industries. The ongoing research and development efforts to improve the properties and performance of soft magnetic materials will further enhance their market prospects.

Key Market Players:

Rio Tinto PLC
GKN Powder Metallurgy
Hoganas AB
Voestalpine Stahl GmbH
Hitachi Metals Ltd
Toshiba Materials Co., Ltd.
Sumitomo Metal Mining Co., Ltd.
VACUUMSCHMELZE GmbH & Co. KG
PMG Holding GmbH
Hengdian Group DMEGC Magnetics Co., Ltd.

Market Segments Covered in Soft Magnetic Materials Market Analysis:

Material Type

Soft Magnetic Composites (SMC)
- Pure Iron/Iron Powder
- Silicon Ferrite
- Supermalloy
- Permalloy
Soft Ferrite
Fe Amorphous
Nano Crystalline

Application:

Transformers
- Portable
- Transmission
- Distribution
Motors
- 1hp-100hp
- 101hp-200hp
- 201hp-1000hp
- Above 1000hp
Inductors
Generators

Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

1. Executive Summary

1.1. Global Soft Magnetic Materials Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018-2024

3.1. Global Soft Magnetic Materials, Production Output, by Region, 2018 - 2024
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa

4. Global Soft Magnetic Materials Market Outlook, 2018 - 2031

4.1. Global Soft Magnetic Materials Market Outlook, by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Soft Magnetic Composites (SMC)
    - 4.1.1.1.1. Pure Iron/Iron Powder
    - 4.1.1.1.2. Silicon Ferrite
    - 4.1.1.1.3. Supermalloy
    - 4.1.1.1.4. Permalloy
  - 4.1.1.2. Soft Ferrite
  - 4.1.1.3. Fe Amorphous
  - 4.1.1.4. Nano Crystalline
4.2. Global Soft Magnetic Materials Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Transformers
    - 4.2.1.1.1. Portable
    - 4.2.1.1.2. Transmission
    - 4.2.1.1.3. Distribution
  - 4.2.1.2. Motors
    - 4.2.1.2.1. 1hp-100hp
    - 4.2.1.2.2. 101hp-200hp
    - 4.2.1.2.3. 201hp-1000hp
    - 4.2.1.2.4. Above 1000hp
  - 4.2.1.3. Inductors
  - 4.2.1.4. Generators
4.3. Global Soft Magnetic Materials Market Outlook, by Region, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. North America
  - 4.3.1.2. Europe
  - 4.3.1.3. Asia Pacific
  - 4.3.1.4. Latin America
  - 4.3.1.5. Middle East & Africa

5. North America Soft Magnetic Materials Market Outlook, 2018 - 2031

5.1. North America Soft Magnetic Materials Market Outlook, by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Soft Magnetic Composites (SMC)
    - 5.1.1.1.1. Pure Iron/Iron Powder
    - 5.1.1.1.2. Silicon Ferrite
    - 5.1.1.1.3. Supermalloy
    - 5.1.1.1.4. Permalloy
  - 5.1.1.2. Soft Ferrite
  - 5.1.1.3. Fe Amorphous
  - 5.1.1.4. Nano Crystalline
5.2. North America Soft Magnetic Materials Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Transformers
    - 5.2.1.1.1. Portable
    - 5.2.1.1.2. Transmission
    - 5.2.1.1.3. Distribution
  - 5.2.1.2. Motors
    - 5.2.1.2.1. 1hp-100hp
    - 5.2.1.2.2. 101hp-200hp
    - 5.2.1.2.3. 201hp-1000hp
    - 5.2.1.2.4. Above 1000hp
  - 5.2.1.3. Inductors
  - 5.2.1.4. Generators
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. North America Soft Magnetic Materials Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. U.S. Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.3.1.2. U.S. Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.3.1.3. Canada Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 5.3.1.4. Canada Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Europe Soft Magnetic Materials Market Outlook, 2018 - 2031

6.1. Europe Soft Magnetic Materials Market Outlook, by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Soft Magnetic Composites (SMC)
    - 6.1.1.1.1. Pure Iron/Iron Powder
    - 6.1.1.1.2. Silicon Ferrite
    - 6.1.1.1.3. Supermalloy
    - 6.1.1.1.4. Permalloy
  - 6.1.1.2. Soft Ferrite
  - 6.1.1.3. Fe Amorphous
  - 6.1.1.4. Nano Crystalline
6.2. Europe Soft Magnetic Materials Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Transformers
    - 6.2.1.1.1. Portable
    - 6.2.1.1.2. Transmission
    - 6.2.1.1.3. Distribution
  - 6.2.1.2. Motors
    - 6.2.1.2.1. 1hp-100hp
    - 6.2.1.2.2. 101hp-200hp
    - 6.2.1.2.3. 201hp-1000hp
    - 6.2.1.2.4. Above 1000hp
  - 6.2.1.3. Inductors
  - 6.2.1.4. Generators
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. Europe Soft Magnetic Materials Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Germany Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.2. Germany Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.3. U.K. Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.4. U.K. Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.5. France Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.6. France Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.7. Italy Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.8. Italy Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.9. Turkey Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.10. Turkey Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.11. Russia Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.12. Russia Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.13. Rest of Europe Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 6.3.1.14. Rest of Europe Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Asia Pacific Soft Magnetic Materials Market Outlook, 2018 - 2031

7.1. Asia Pacific Soft Magnetic Materials Market Outlook, by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Soft Magnetic Composites (SMC)
    - 7.1.1.1.1. Pure Iron/Iron Powder
    - 7.1.1.1.2. Silicon Ferrite
    - 7.1.1.1.3. Supermalloy
    - 7.1.1.1.4. Permalloy
  - 7.1.1.2. Soft Ferrite
  - 7.1.1.3. Fe Amorphous
  - 7.1.1.4. Nano Crystalline
7.2. Asia Pacific Soft Magnetic Materials Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Transformers
    - 7.2.1.1.1. Portable
    - 7.2.1.1.2. Transmission
    - 7.2.1.1.3. Distribution
  - 7.2.1.2. Motors
    - 7.2.1.2.1. 1hp-100hp
    - 7.2.1.2.2. 101hp-200hp
    - 7.2.1.2.3. 201hp-1000hp
    - 7.2.1.2.4. Above 1000hp
  - 7.2.1.3. Inductors
  - 7.2.1.4. Generators
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Asia Pacific Soft Magnetic Materials Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. China Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.2. China Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.3. Japan Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.4. Japan Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.5. South Korea Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.6. South Korea Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.7. India Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.8. India Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.9. Southeast Asia Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.10. Southeast Asia Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.11. Rest of Asia Pacific Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 7.3.1.12. Rest of Asia Pacific Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Latin America Soft Magnetic Materials Market Outlook, 2018 - 2031

8.1. Latin America Soft Magnetic Materials Market Outlook, by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Soft Magnetic Composites (SMC)
    - 8.1.1.1.1. Pure Iron/Iron Powder
    - 8.1.1.1.2. Silicon Ferrite
    - 8.1.1.1.3. Supermalloy
    - 8.1.1.1.4. Permalloy
  - 8.1.1.2. Soft Ferrite
  - 8.1.1.3. Fe Amorphous
  - 8.1.1.4. Nano Crystalline
8.2. Latin America Soft Magnetic Materials Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Latin America Soft Magnetic Materials Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Brazil Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.2. Brazil Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.3. Mexico Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.4. Mexico Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.5. Argentina Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.6. Argentina Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.7. Rest of Latin America Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 8.3.1.8. Rest of Latin America Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Middle East & Africa Soft Magnetic Materials Market Outlook, 2018 - 2031

9.1. Middle East & Africa Soft Magnetic Materials Market Outlook, by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Soft Magnetic Composites (SMC)
    - 9.1.1.1.1. Pure Iron/Iron Powder
    - 9.1.1.1.2. Silicon Ferrite
    - 9.1.1.1.3. Supermalloy
    - 9.1.1.1.4. Permalloy
  - 9.1.1.2. Soft Ferrite
  - 9.1.1.3. Fe Amorphous
  - 9.1.1.4. Nano Crystalline
9.2. Middle East & Africa Soft Magnetic Materials Market Outlook, by Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Transformers
    - 9.2.1.1.1. Portable
    - 9.2.1.1.2. Transmission
    - 9.2.1.1.3. Distribution
  - 9.2.1.2. Motors
    - 9.2.1.2.1. 1hp-100hp
    - 9.2.1.2.2. 101hp-200hp
    - 9.2.1.2.3. 201hp-1000hp
    - 9.2.1.2.4. Above 1000hp
  - 9.2.1.3. Inductors
  - 9.2.1.4. Generators
9.3. Middle East & Africa Soft Magnetic Materials Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. GCC Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.2. GCC Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.3. South Africa Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.4. South Africa Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.5. Egypt Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.6. Egypt Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.7. Egypt Soft Magnetic Materials Market End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.8. Nigeria Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.9. Nigeria Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.10. Rest of Middle East & Africa Soft Magnetic Materials Market by Material Type, Volume (Tons) and Value (US$ Bn), 2018 - 2031
  - 9.3.1.11. Rest of Middle East & Africa Soft Magnetic Materials Market Application, Volume (Tons) and Value (US$ Bn), 2018 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Competitive Landscape

10.1. Material Type vs Application Heatmap
10.2. Manufacturer vs Application Heatmap
10.3. Company Market Share Analysis, 2024
10.4. Competitive Dashboard
10.5. Company Profiles
- 10.5.1. Rio Tinto PLC
  - 10.5.1.1. Company Overview
  - 10.5.1.2. Product Portfolio
  - 10.5.1.3. Financial Overview
  - 10.5.1.4. Business Strategies and Development
- 10.5.2. GKN Powder Metallurgy
- 10.5.3. Hoganas AB
- 10.5.4. Voestalpine Stahl GmbH
- 10.5.5. Hitachi Metals Ltd
- 10.5.6. Toshiba Materials Co., Ltd.
- 10.5.7. Sumitomo Metal Mining Co., Ltd.
- 10.5.8. VACUUMSCHMELZE GmbH & Co. KG
- 10.5.9. PMG Holding GmbH
- 10.5.10. Hengdian Group DMEGC Magnetics Co., Ltd.

11. Appendix

11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations