Global Soft Magnetic Alloys Market Growth 2025-2031

The global Soft Magnetic Alloys market size is predicted to grow from US$ 3930 million in 2025 to US$ 7134 million in 2031; it is expected to grow at a CAGR of 10.4% from 2025 to 2031.

Soft magnetic alloys are ferromagnetic materials that are easy to magnetize and demagnetize. In order to provide the best magnetic properties, these soft iron-based alloys have very low carbon, nitrogen and oxygen content. They rely on various added phosphorus, nickel and silicon to optimize the magnetic flux density, permeability and coercivity.

Global core soft magnetic alloys manufactures include Sandvik, VACUUMSCHMELZE, Aperam etc. The top 2 companies hold a share about 20%. China is the largest market, with a share about 30%, followed by Europe and North America both with the share about 20%. In terms of product, Fe-Ni/Fe-Co alloy is the largest segment, with a share over 65%. And in terms of application, the largest application is new energy vehicles, followed by consumer electronics and power.

LP Information, Inc. (LPI) ' newest research report, the “Soft Magnetic Alloys Industry Forecast” looks at past sales and reviews total world Soft Magnetic Alloys sales in 2024, providing a comprehensive analysis by region and market sector of projected Soft Magnetic Alloys sales for 2025 through 2031. With Soft Magnetic Alloys sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Soft Magnetic Alloys industry.

This Insight Report provides a comprehensive analysis of the global Soft Magnetic Alloys landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Soft Magnetic Alloys portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Soft Magnetic Alloys market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Soft Magnetic Alloys and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Soft Magnetic Alloys.

This report presents a comprehensive overview, market shares, and growth opportunities of Soft Magnetic Alloys market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

Low Carbon Steel / Fe-Si Alloy

Fe-Ni / Fe-Co Alloy

Amorphous / Nanocrystalline Alloy

Others

Segmentation by Application:

Consumer Electronics

Power

New Energy Vehicles

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

Sandvik

VACUUMSCHMELZE

Aperam

VDM Metals

Advanced Technology & Materials

Yunlu Energy

Carpenter

POCO Holding

Ugitech

Hitachi-Metals

KeDa Magnetoelectricity

Nippon Yakin

Ualloy Material

JLC Electromet

GangYan Special Alloy

NiWire Industries

Beiye

Key Questions Addressed in this Report

What is the 10-year outlook for the global Soft Magnetic Alloys market?

What factors are driving Soft Magnetic Alloys market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Soft Magnetic Alloys market opportunities vary by end market size?

How does Soft Magnetic Alloys break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.