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Amorphous Soft Magnetic Powder Market to Reach USD 95.1 Million by 2031 | Forecast 2025-2031
Amorphous Soft Magnetic Powder
According to the latest research publication by QYResearch, the global Amorphous Soft Magnetic Powder market size was valued at USD 24.8 million in 2024 and is projected to expand significantly to USD 95.1 million by 2031, registering a CAGR of 21.5% during the forecast period 2025-2031. This rapid growth trajectory is fueled by surging demand for high-performance magnetic materials in advanced electronics, automotive applications, and renewable energy systems.
Amorphous soft magnetic powders are widely known for their excellent magnetic permeability, low coercivity, and reduced energy loss during magnetization. These properties make them indispensable in high-efficiency electrical components such as transformers, inductors, electric motors, and sensors. As industries prioritize compact, lightweight, and energy-efficient designs, the adoption of amorphous magnetic materials is accelerating globally.
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Key Market Drivers and Trends
The market is being strongly driven by technological innovation and the ongoing transition toward energy-efficient systems. With rising environmental concerns and carbon reduction mandates, the shift to electric vehicles (EVs), renewable power generation, and smart electronics has intensified the need for magnetic materials that minimize energy loss and thermal buildup.
Amorphous soft magnetic powders are gaining widespread traction in the production of soft magnetic composites (SMCs), which are utilized in modern motor cores and energy storage components. In addition, continuous developments in power electronics, wireless charging, and aerospace-grade magnetics are paving new avenues for product applications.
Market Segmentation
By Type:
Iron-Based Amorphous Powder
Cobalt-Based Amorphous Powder
Other Alloy Types
By Application:
Electrical Transformers
Electric Vehicle Motors
Power Electronics
Inductive Components
Renewable Energy Systems
Aerospace & Defense
By End-Use Industry:
Automotive
Consumer Electronics
Energy & Power
Industrial Machinery
Military & Aerospace
Iron-based powders dominate the market due to their cost-effectiveness and strong magnetic performance. However, cobalt-based powders are gaining momentum in premium applications demanding higher thermal and corrosion resistance.
Regional Insights
Asia-Pacific remains the fastest-growing market, with China, Japan, and South Korea leading in electronics manufacturing, automotive production, and renewable energy adoption. North America and Europe are also witnessing strong growth, supported by government incentives for clean energy technologies and EV adoption.
The rise in global smart factory initiatives and digital electrification trends will further augment demand in regions undergoing rapid industrial modernization and infrastructure upgrades.
Competitive Landscape
The global Amorphous Soft Magnetic Powder market is moderately consolidated, with major players focusing on innovation, partnerships, and capacity expansion to cater to growing demand. Key companies are prioritizing magnetic property enhancements, improved sintering performance, and environmental compliance.
Prominent players include:
Hitachi Metals, Ltd.
Advanced Technology & Materials Co., Ltd. (AT&M)
VACUUMSCHMELZE GmbH
Qingdao Yunlu Energy Technology
Daido Steel Co., Ltd.
Nanoval GmbH & Co. KG
Toshiba Materials Co., Ltd.
These companies are driving market competitiveness by advancing powder purity, uniformity, and performance across varied application sectors.
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Challenges and Opportunities
Despite the promising outlook, the Amorphous Soft Magnetic Powder market faces certain challenges. High production costs, limited availability of raw materials, and complex manufacturing techniques are factors restraining mass adoption in cost-sensitive applications.
However, these limitations are being addressed by ongoing R&D in powder metallurgy, additive manufacturing, and material recycling. The growing emphasis on high-frequency and high-efficiency magnetic components in smart grids, EV infrastructure, and IoT-connected devices opens substantial opportunities for market expansion. Furthermore, advancements in nanocrystalline technologies are likely to complement amorphous magnetic materials, further fueling industry growth.
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QYResearch, established in 2007, is a globally trusted market research and consulting firm delivering high-quality, tailored insights across industries including ICT, chemicals, healthcare, and advanced materials. With over 50,000 satisfied clients across 80+ countries, QYResearch empowers business decisions with robust data and forward-thinking analytics.
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