Press release
Soft Magnetic Materials Market to Grow at 6.12% CAGR, Reaching USD 47.45 Billion by 2032
Soft Magnetic Materials Market
The Soft Magnetic Materials Market size was valued at USD 29.48 Billion in 2024, and the total Soft Magnetic Materials Market revenue is expected to grow at a CAGR of 6.12% from 2025 to 2032, reaching nearly USD 47.45 Billion.
Access Premium Market Insights - Limited-Time 30% Off : https://www.maximizemarketresearch.com/market-report/global-soft-magnetic-materials-market/31477/
Market Overview
The Soft Magnetic Materials Market is a critical part of the global electrical and electronics ecosystem. Soft magnetic materials are widely used in transformers, motors, generators, inductors, and other electromagnetic devices due to their ability to efficiently magnetize and demagnetize.
The market is driven by rapid industrialization, increasing demand for energy-efficient electrical equipment, and the growing adoption of electric vehicles and renewable energy systems. Continuous advancements in material science and manufacturing technologies are further strengthening the Soft Magnetic Materials Market growth.
Market Key (Key Highlights)
Rising demand from power generation and transmission sectors
Growing adoption in electric vehicles and hybrid vehicles
Increased focus on energy-efficient motors and transformers
Technological advancements in amorphous and nanocrystalline materials
Expanding applications across electronics and industrial automation
Market Size & Forecast
2024: USD USD 32.58 Bn.
2032: USD 65.54 Bn.
CAGR (2025-2032): 9.13%
Soft Magnetic Materials Market Segmentation
by Material
Cobalt
Iron
Nickel
Electric Steel
Alloys
Others
by Industry Vertical
Automotive
Aviation
Telecommunication
Power
Healthcare
Others
by Application
Motor
Transformer
Alternator
Key Growth Drivers
Rising Demand for Energy-Efficient Equipment
The growing need for energy-efficient transformers and motors is a major driver for the Soft Magnetic Materials Market, particularly in power and industrial applications.
Growth of Electric Vehicles
The rapid expansion of the electric vehicle industry is significantly increasing demand for soft magnetic materials used in motors, inverters, and charging systems.
Expansion of Renewable Energy
Wind and solar power installations require efficient power conversion systems, boosting demand in the Soft Magnetic Materials Market.
Advancements in Material Technology
Innovations in amorphous and nanocrystalline materials are improving performance, reducing energy losses, and enhancing overall efficiency.
Pain Points & Challenges
High Production Costs
Advanced soft magnetic materials involve complex manufacturing processes, increasing overall production costs.
Raw Material Availability
Fluctuations in the availability and prices of raw materials can impact market stability.
Technical Limitations
Certain materials face limitations in high-frequency or high-temperature applications.
Intense Competition
The presence of global and regional manufacturers creates strong pricing pressure.
Emerging Opportunities
Smart Grid Development
Increasing investments in smart grids are creating new opportunities for the Soft Magnetic Materials Market.
Industrial Automation
Rising adoption of automation and robotics is driving demand for high-performance magnetic components.
For full access to the data, request a sample report now : https://www.maximizemarketresearch.com/request-sample/31477/
Miniaturization of Electronics
Compact and lightweight electronic devices require advanced soft magnetic materials with superior properties.
Sustainable Manufacturing
Growing focus on sustainable and low-loss materials is opening new growth avenues.
Recent Developments & Trends
Increased use of nanocrystalline soft magnetic materials
Focus on reducing core losses in transformers
Investments in R&D for high-frequency applications
Growing partnerships between material suppliers and OEMs
Expansion of production capacities in Asia-Pacific
Frequently Asked Questions
1] What is the growth rate of the Soft Magnetic Materials Market?
Ans. The Soft Magnetic Materials Market is expected to grow at a CAGR of 6.12% during the forecast period.
2] What is the expected market size of the Soft Magnetic Materials Market by 2032?
Ans. The market is expected to reach nearly USD 47.45 Billion by 2032.
3] Which segment dominates the Soft Magnetic Materials Market?
Ans. The electrical steel segment dominates due to its extensive use in transformers and motors.
4] What factors are driving the Soft Magnetic Materials Market growth?
Ans. Growth is driven by energy-efficient equipment demand, electric vehicle adoption, and renewable energy expansion.
5] Who are the key players in the Soft Magnetic Materials Market?
Ans. Key players include global magnetic material manufacturers, electrical steel producers, and specialized material suppliers.
Analytics Partner
MMRStatistics is an advanced market intelligence platform delivering data-driven insights, forecasts, and industry trends across global markets. Powered by differentiated research modules-covering market sizing, competitive analysis, and future outlooks-it helps businesses decode complex industries with clarity. Unlike traditional market research firms, MMRStatistics blends primary research, secondary data, and analytical frameworks into actionable intelligence. Flexible subscription plans provide scalable access, from snapshot insights to enterprise-grade market reports.
Access mmr statistics, curated market research, and strategic insights designed to power confident decisions.
About Us :
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and growth-driven research initiatives make us a trusted partner for Fortune 500 companies across industries including IT & telecom, chemicals, energy, automotive, healthcare, and more.
Contact Us :
MAXIMIZE MARKET RESEARCH PVT. LTD.
2nd Floor, Navale IT Park Phase 3,
Pune Bangalore Highway, Narhe
Pune, Maharashtra 411041, India.
đź“ž +91 9607365656
✉️ sales@maximizemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soft Magnetic Materials Market to Grow at 6.12% CAGR, Reaching USD 47.45 Billion by 2032 here
News-ID: 4343639 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Ready-to-Drink Beverages Market Size to Reach USD 1,227.81 Billion by 2032
Ready-to-Drink Beverages Market is poised for substantial growth over the forecast period, driven by changing consumer lifestyles, rising disposable income, expanding urbanization, and increasing demand for convenient beverage solutions. According to recent industry analysis, the global Ready-to-Drink Beverages Market was valued at USD 766.69 Billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 6.22% from 2025 to 2032, reaching nearly USD 1,227.81 Billion…
Second hand Product Market Set to Surpass USD 1451.34 Billion by 2032, Expanding …
Second hand Product Market was valued at USD 594.45 Billion in 2025 and is projected to grow at a robust CAGR of 13.6% from 2025 to 2032, reaching nearly USD 1451.34 Billion by 2032. The rapid expansion of resale ecosystems, increasing consumer preference for cost-effective purchasing, and rising sustainability awareness are significantly driving the growth of the Second hand Product Market globally.
Market Overview
The Second hand Product Market is undergoing a…
Tungsten Market to Reach USD 10.99 Billion by 2032, Driven by Expanding Aerospac …
The Global Tungsten Market is poised for significant expansion over the coming years, with the market size valued at USD 6.41 Billion in 2025 and projected to grow at a CAGR of 8% from 2025 to 2032, reaching nearly USD 10.99 Billion by 2032. Rising industrial demand, technological advancements in material science, and increasing applications in high-performance sectors are collectively driving this steady growth trajectory.
Tungsten, recognized for its exceptional hardness,…
System-on-Chip (SoC) Market to Reach USD 391.61 Billion by 2032, Driven by 5G, A …
The global System-on-Chip (SoC) Market is poised for significant growth over the forecast period, reflecting the rapid evolution of semiconductor technologies and increasing demand for high-performance, energy-efficient electronic devices. Valued at USD 228.06 Billion in 2025, the market is projected to grow at a CAGR of 8.03% from 2025 to 2032, reaching nearly USD 391.61 Billion by 2032.
♦ Request a Free Sample Copy or View Report Summary:https://www.maximizemarketresearch.com/request-sample/33954/
System-on-Chip (SoC) Market Overview
A…
More Releases for Material
Firestop Material Market
LOS ANGELES, United States: The global Firestop Material market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Firestop Material market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and…
New Material Direction for Electric Toothbrushes - Si-TPV Soft Over Molded Mater …
When it comes to factors such as consumer experience or ergonomics, Si-TPV Soft Over Molded Material has had a huge impact on the improvement of various products such as electric toothbrushes, etc. Si-TPV is a Silicone Combine TPU developed and produced by SILIKE, a Thermoplastic Elastomer Manufacturer (Thermoplastic Elastomer Suppliers). Si-TPV material adopts Innovative Soft Slip Technology and Sustainable Overmolding Techniques, which can be used to make Stain Resistance Soft…
A new light on a misjudged material - Plastic waste: material for art
Used plastic bottles are not waste, but a valuable resource. They can be reprocessed in a variety of ways and transformed into new products or fresh energy. And into art. This is exactly what Ve-ronika Richterová does. The Czech artist creates fascinating sculp-tures made out of old PET bottles.
Plastic has inspired artists from the very beginning. The reason: plas-tic meets almost all technical and aesthetic requirements. It is a uni-versal…
Global Thermal Transfer Material Market, Global Thermal Transfer Material Indust …
Thermal conductivity refers as an important characteristic for several manufacturing operations. Thermal transfer properties of a variety of materials are effective in certain applications owing to natural molecular structure that allows for direct heat-transfer. Thermal transfer materials are extensively used to manufacture the heat conductive adhesive tapes, printable products and polymer sheets. These polymer sheets are utilized for barcodes, labeling, and QR code labels for retailing, logistics, and consumer goods.…
The Future of Smart Material Market Runs Through the Material Industry
Smart Materials Market is expected to garner $72.63 billion by 2022, registering a CAGR of 14.9% during the forecast period 2016-2022. Smart materials are adaptive or intelligent materials which pose intrinsic and extrinsic capabilities. These can be altered by external stimuli, such as moisture, temperature, electromagnetic field, and pressure to obtain the desired functional effects. In addition, these materials are dynamic in nature and respond to their immediate interaction environments…
Global Regenerative Artificial Skin Sales Market Research Report 2017 (Temporary …
The report "Global Regenerative Artificial Skin Sales Market Report 2017", has been prepared based on an in-depth market analysis with inputs from industry experts.
This report studies sales (consumption) of Regenerative Artificial Skin in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering
Integra Life Sciences Corporation
Mylan N.V
Johnson & Johnson…
