The soft magnetic composite market is projected to reach USD 44.4 billion by 2025 and is expected to expand significantly to USD 81.9 billion by 2035, growing at a CAGR of 6.3% during the forecast period. The United States is likely to remain a lucrative market throughout the forecast period.
This growth trajectory is underpinned by large-scale electrification initiatives, surging EV adoption, and rapid industrial automation. Favorable government policies, technological advancements, and increased renewable energy integration further reinforce long-term market potential.
The market is being shaped by increasing adoption of electric vehicles (EVs), accelerated electrification of industrial systems, and growing reliance on renewable energy. Soft magnetic composites (SMCs) offer key advantages such as low eddy current losses and enhanced magnetic performance, making them vital in motors, transformers, and energy-efficient systems. The shift toward smart grids, EV propulsion systems, and miniaturized electronic devices further fuels demand.
Particularly, soft ferrites are gaining popularity for their high-frequency performance, affordability, and application in advanced telecommunications. However, high manufacturing costs and price volatility of critical raw materials such as cobalt and iron are limiting widespread adoption. Despite these challenges, manufacturers are focusing on advanced powder metallurgy, new material compositions, and strategic OEM collaborations to enhance efficiency and reduce costs.
Looking forward, the 2025 to 2035 period will see the soft magnetic composite market driven by trends like Industry 4.0 adoption, nanostructured material development, and AI-enabled design automation. The integration of 3D printing in component manufacturing is expected to lower production complexity while enhancing customization and performance.
Sustainability initiatives such as closed-loop recycling, bio-based binders, and reduced dependency on rare earth elements will open new growth avenues. Additionally, emerging applications in fusion energy, IoT devices, robotics, and aerospace systems will further propel market expansion, positioning SMCs as foundational materials in the next generation of electrified, smart infrastructure.
| Attributes | Description |
|---|---|
| Estimated Size (2025E) | USD 44.4 billion |
| Projected Value (2035F) | USD 81.9 billion |
| Value-based CAGR (2025 to 2035) | 6.3% |
Globally, SMCs are manufactured under widely recognized technical standards that define performance, testing, and quality benchmarks for electrical and electronic applications.
Trade and manufacturing of SMCs fall under general chemical, environmental, and product safety rules rather than SMC‑specific regulations.
Iron powder holds the dominant position with 38.0% of the market share in the material category within the soft magnetic composite market. This leadership is driven by iron powder's widespread availability, cost-effectiveness, and favorable magnetic properties that make it highly suitable for electric motors, inductors, transformers, and magnetic cores across automotive and industrial sectors.
Iron powder-based soft magnetic composites offer excellent permeability, low coercivity, and efficient energy conversion, making them particularly valuable for applications requiring low to moderate frequency performance.
The segment's dominance is reinforced by iron powder's established manufacturing processes and compatibility with various applications where electromagnetic performance and cost efficiency are critical requirements.
These composites provide reliable magnetic performance while maintaining competitive pricing compared to more specialized materials. As the demand for energy-efficient electric motors and power electronics continues to expand, particularly in electric vehicles and industrial automation, the iron powder segment is positioned to maintain its market leadership through continued optimization of magnetic properties and manufacturing scalability.
The 5P segment holds the dominant position with 41.5% of the market share in the type category within the soft magnetic composite market. This leadership is attributed to 5P soft magnetic composites' superior performance characteristics, including enhanced permeability, minimal core losses, and improved thermal stability that make them ideal for performance-critical applications.
These high-density, multi-phase materials are optimized for demanding applications like electric traction motors and advanced generators in electric vehicles and industrial systems.
The segment's dominance is reinforced by the growing adoption of next-generation electric propulsion systems and high-efficiency industrial equipment that require advanced magnetic materials with exceptional performance characteristics. 5P composites are gaining preference in sophisticated designs where magnetic efficiency and thermal management are paramount.
As the market continues to evolve toward more demanding applications and higher performance requirements, the 5P segment is expected to strengthen its position through continued innovation in material formulations that deliver enhanced magnetic properties and operational reliability.
High Manufacturing Costs
Manufacturing soft magnetic composites calls for intricate manufacturing procedures since they mainly involve powder metallurgy and advanced sintering methods which are the determining factors behind high costs. The requirement for specific equipment and strict testing which are mandatory are part of the newly added expenses.
Also, getting a hold of the high-purity materials such as iron and cobalt is another circling factor to the production of course these materials are the main reasons behind the high scrutiny of pricing quoted to manufacturers in the areas that are affected by high competition. Companies must explore cost-effective manufacturing techniques and alternative materials to mitigate these expenses and maintain competitiveness in the industry.
Raw Material Price Fluctuations
The soft magnetic composite market is particularly exposed to changes of raw materials like iron, nickel, and cobalt, which can be highly volatile. The factors that play are the political conflicts, supply chain break, and the mining outputs that fluctuate which in turn constitute the costs of the specific materials.
Such uncertainty leads to difficulties for the manufacturers in keeping stability in the profit margins and pricing structure. The primary strategy that the players are outlining includes researching new material compositions, establishing long-term supplier collaborative, and sponsoring recycling plans to guarantee cost-effective and steady procurements of raw materials.
Advancements in Powder Metallurgy
Innovations in the field of powder metallurgy are not only making the production of soft magnetic composites more efficient but also less costly. Advances in manufacturing techniques, such as the incorporation of additive and high-density compaction, provide the opportunity for the industry to commoditize the enhanced mechanical strength and magnetic properties of the products.
The long-term benefits of these advancements will particularly be seen in high-performance applications like electric vehicles, industrial automation, and renewable energy systems. The constant breakthroughs in powder machining methods will open new avenues for enterprises to boost their ranges of products and fill the market need for magnetic materials with better energy consumption.
Integration with Industry 4.0 and Smart Manufacturing
The ongoing integration of Industry 4.0 technologies into sectors is responsible for the boost for high-performance materials such as soft magnetic composites. Smart manufacturing is being incorporated with tools like machine learning, robotics, and data analysis which are shifting things to a new level regarding the control of raw materials, lessening waste, and heightening the efficiency in production as a result.
The amalgamation of SMCs with innovative manufacturing applications not only is a possibility in new areas like robotics, IoT-enabled devices but also in telecommunications such as high-speed data. By the time the other sectors gatekeep digital transformation, the market of soft magnetic composites is anticipated not only to be stable on the same line but to grow significantly.
The United States soft magnetic composite (SMC) market is witnessing a consistent growth trend as a result of the increased utilization of energy-efficient electric motors and transformers that are mostly found in the flourishing electric vehicle (EV) sector and in the renewable energy sectors.
The government programs that are directed at the energy-saving and the continuing developments of the additive manufacturing process are the two other contributors that have an impact on the growth of the market. The transition from traditional to lightweight and high-tech materials in the manufacturing of industrial and consumer electronics is another characteristic determinant.
The USA market has an evaluation of growing at a rate of CAGR of 6.5% (2025 to 2035), maintained substantially above the global average due to the strong demand in the manufacturing sector as well as the new technologies in the field of magnetic materials.
| Country | CAGR (2025 to 2035) |
|---|---|
| United States | 6.5% |
Besides gaining benefits, the UK soft magnetic composite sector is boosted by financing in such fields as sustainable energies, electrification of transport, and developments that take place in modern power electronics. Due to strong pressure on the environment, SMCs have to be replaced with inductors and motors for section vehicles and wind energy applications in next-generation equipment, consequently, purchase them in high demand.
Furthermore, partner universities and industrial stakeholders have been the leading forces in this research trend. In the United Kingdom, the rise in the soft magnetic composite market is projected at 6.1% during the forecast period of 2025 to 2035, which is a little bit below the global figure due to the reason that the market is growing mature and there is a considerable need for raw material imports.
| Country | CAGR (2025 to 2035) |
|---|---|
| United Kingdom | 6.1% |
The SMC market of the European Union is largely influenced by the refereeing environmental regulations, the increasing of electric vehicles, and the growing investment in renewable energy. The lead demand for discrete semiconductor components (SMCs) comes from countries like Germany and France mainly in vehicle and industrial applications, whereas the most particular products are high-performance electric motors and transformers.
Research projects oriented on sustainable magnetic materials and circular economy principles promote even more the growth. According to the forecasts, the EU market will expand at a compound 6.4% annual growth rate (2025 to 2035) which is very similar to the global average since the government is providing plenty of money to the industry and there are technological advancements.
| Region | CAGR (2025 to 2035) |
|---|---|
| European Union | 6.4% |
Japan's SMC (Soft Magnetic Composites) market is secured by the nation's advanced manufacturing ecosystem and being at the top of the field in electric motor technology. The emphasis on miniaturization and high-efficiency power systems, especially for hybrid and electric vehicles, leads to an increase in the demand for soft magnetic composites in the avowed sector.
The robotics and electronics industries support this growth of SMC market very well. In contrast, the lack of raw materials and the old workforce are the burdens for the economy. Japan's SMC market is expected to rise at a CAGR of 5.9% from 2025 to 2035, slightly under the global average, mainly due to market saturation and high manufacturing costs.
| Country | CAGR (2025 to 2035) |
|---|---|
| Japan | 5.9% |
South Korea is emerging as a key player in the SMC market, fueled by its strong automotive, consumer electronics, and semiconductor industries. The remarkable development of EV and renewable energy infrastructures, along with government benefits for green technologies, inflates the demand for the business.
Progress in nanocrystalline and amorphous magnetic materials has a substantial impact on the competitiveness. South Korean SMC market, which is expected to expand at a 6.7% CAGR (2025 to 2035), is primarily driven by high-tech applications and export-oriented manufacturing. The market growth is above global average, due to the increase in R&D investment and industrial collaborations.
| Country | CAGR (2025 to 2035) |
|---|---|
| South Korea | 6.7% |
The Soft Magnetic Composite (SMC) sector is increasing very fast mainly due to more and more capacity for renewable energy sources, electric motors, and electromagnetic application projects. The main players in the sector lay emphasis on enhancing the quality of materials, improving the manufacturability and, in particular, decreasing the core losses in the magnetic components. The main trend in this market includes technological progress, green projects, and new partnerships between material suppliers and end-users, etc.
| Report Attributes | Details |
|---|---|
| Current Total Market Size (2025) | USD 44.4 billion |
| Projected Market Size (2035) | USD 81.9 billion |
| CAGR (2025 to 2035) | 6.3% |
| Base Year for Estimation | 2024 |
| Historical Period | 2019 to 2024 |
| Projections Period | 2025 to 2035 |
| Report Parameter | Revenue in USD billion |
| By Material | Electrical Steel, Soft Ferrite, Iron Powder |
| By Type | 1P, 3P, 5P |
| By Application | Electrical Coils, Motors, Generators, Transformers, Inductors, Sensors, Others |
| By End Use | Automotive, Industrial Machinery and Equipment, Consumer Goods, Power Generation, Others |
| Regions Covered | North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia Pacific, Middle East and Africa |
| Countries Covered | United States, Japan, Germany, India, United Kingdom, France, Italy, Brazil, Canada, South Korea, Australia, Spain, Netherlands, Saudi Arabia, Switzerland |
| Key Players | Höganäs AB, Rio Tinto Metal Powders, Hitachi Metals, Ltd., GKN Powder Metallurgy, Sumitomo Electric Industries, PMG Group, Carpenter Technology Corporation, Hitachi Chemical, Magnetec GmbH, Höfer Metall Technik GmbH, Other Major Players |
| Additional Attributes | Market driven by EV adoption, renewable energy expansion, and industrial automation; electrical steel dominates due to efficiency; Asia-Pacific leads growth with 10.3% CAGR; key players focus on R&D and strategic partnerships |
| Customization and Pricing | Available upon request |
In terms of Material, the industry is divided into Electrical Steel, Soft Ferrite, Iron Powder
In terms of Application, the industry is divided into Electrical Coils, Motors, Generators, Transformers, Inductors, Sensors, Others
The report covers key regions, including North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and the Middle East and Africa (MEA).
Table 01: Global Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022 by Material
Table 02: Global Market Value (US$ million) and Volume (KT) and Forecast 2023 to 2033by Material
Table 03: Global Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022, by Type
Table 04: Global Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033by Type
Table 05: Global Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022, by Application
Table 06: Global Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033by Application
Table 07: Global Market Value (US$ million) Forecast 2018 to 2022 by End Use
Table 08: Global Market Value (US$ million) Forecast 2023 to 2033, by End Use
Table 09: Global Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022 by Region
Table 10: Global Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033by Region
Table 11: North America Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022 by Country
Table 12: North America Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033 by Country
Table 13: North America Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022 by Material
Table 14: North America Market Value (US$ million) and Volume (KT) and Forecast 2023 to 2033 by Material
Table 15: North America Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022 by Type
Table 16: North America Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033 by Type
Table 17: North America Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022by Application
Table 18: North America Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033 by Application
Table 19: North America Market Value (US$ million) Forecast 2018 to 2022 by End Use
Table 20: North America Market Value (US$ million) Forecast 2023 to 2033, by End Use
Table 21: Latin America Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022 by Country
Table 22: Latin America Market Value (US$ million) and Volume (KT) and Forecast 2023 to 2033 by Country
Table 23: Latin America Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022 by Material
Table 24: Latin America Market Value (US$ million) and Volume (KT) and Forecast 2023 to 2033 by Material
Table 25: Latin America Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022 by Type
Table 26: Latin America Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033 by Type
Table 27: Latin America Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022 by Application
Table 28: Latin America Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033 by Application
Table 29: Latin America Market Value (US$ million) Forecast 2018 to 2022 by End Use
Table 30: Latin America Market Value (US$ million) Forecast 2023 to 2033, by End Use
Table 31: Western Europe Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022 by Country
Table 32: Western Europe Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033 by Country
Table 33: Western Europe Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022 by Material
Table 34: Western Europe Market Value (US$ million) and Volume (KT) and Forecast 2023 to 2033 by Material
Table 35: Western Europe Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022 by Type
Table 36: Western Europe Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033, by Type
Table 37: Western Europe Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022, by Application
Table 38: Western Europe Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033, by Type
Table 39: Western Europe Market Value (US$ million) Forecast 2018 to 2022, by End Use
Table 40: Western Europe Market Value (US$ million) Forecast 2023 to 2033, by End Use
Table 41: Eastern Europe Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022, by Country
Table 42: Eastern Europe Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033, by Country
Table 43: Eastern Europe Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022 by Material
Table 44: Eastern Europe Market Value (US$ million) and Volume (KT) and Forecast 2023 to 2033, by Material
Table 45: Eastern Europe Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022, by Type
Table 46: Eastern Europe Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033, by Type
Table 47: Eastern Europe Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022, by Application
Table 48: Eastern Europe Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033, by Type
Table 49: Eastern Europe Market Value (US$ million) Forecast 2018 to 2022, by End Use
Table 50: Eastern Europe Market Value (US$ million) Forecast 2023 to 2033, by End Use
Table 51: East Asia Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022, by Country
Table 52: East Asia Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033, by Country
Table 53: East Asia Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022 by Material
Table 54: East Asia Market Value (US$ million) and Volume (KT) and Forecast 2023 to 2033, by Material
Table 55: East Asia Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022, by Type
Table 56: East Asia Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033, by Type
Table 57: East Asia Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022, by Application
Table 58: East Asia Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033, by Type
Table 59: East Asia Market Value (US$ million) Forecast 2018 to 2022, by End Use
Table 60: East Asia Market Value (US$ million) Forecast 2023 to 2033, by End Use
Table 61: South Asia and Pacific Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022, by Country
Table 62: South Asia and Pacific Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033, by Country
Table 63: South Asia Pacific Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022 by Material
Table 64: South Asia Pacific Market Value (US$ million) and Volume (KT) and Forecast 2023 to 2033, by Material
Table 65: South Asia Pacific Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022, by Type
Table 66: South Asia Pacific Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033, by Type
Table 67: South Asia Pacific Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022, by Application
Table 68: South Asia Pacific Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033, by Type
Table 69: South Asia Pacific Market Value (US$ million) Forecast 2018 to 2022, by End Use
Table 70: South Asia Pacific Market Value (US$ million) Forecast 2023 to 2033, by End Use
Table 71: Middle East and Africa Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022, by Country
Table 72: Middle East and Africa Market Value (US$ million) and Volume (KT) Historical Data Forecast 2023 to 2033, by Country
Table 73: Middle East and Africa Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022 by Material
Table 74: Middle East and Africa Market Value (US$ million) and Volume (KT) and Forecast 2023 to 2033, by Material
Table 75: Middle East and Africa Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022, by Type
Table 76: Middle East and Africa Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033, by Type
Table 77: Middle East and Africa Market Value (US$ million) and Volume (KT) Historical Data 2018 to 2022, by Application
Table 78: Middle East and Africa Market Value (US$ million) and Volume (KT) Forecast 2023 to 2033, by Type
Table 79: Middle East and Africa Market Value (US$ million) Forecast 2018 to 2022, by End Use
Table 80: Middle East and Africa Market Value (US$ million) Forecast 2023 to 2033, by End Use
Figure 01: Global Market Historical Volume (KT) , 2018 to 2022
Figure 02: Global Market Current and Forecast Volume (KT) , 2023 to 2033
Figure 03: Global Market Historical Value (US$ million), 2018 to 2022
Figure 04: Global Market Current and Forecast Value (US$ million), 2023 to 2033
Figure 05: Global Market Incremental $ Opportunity (US$ million), 2023 to 2033
Figure 06: Global Market Share and BPS Analysis by Material– 2023 to 2033
Figure 07: Global Market Y-o-Y Growth Projections by Material, 2023 to 2033
Figure 08: Global Market Attractiveness by Material, 2023 to 2033
Figure 09: Global Market Absolute $ Opportunity by Electrical Steel Segment
Figure 10: Global Market Absolute $ Opportunity by Soft Ferrite Segment
Figure 11: Global Market Absolute $ Opportunity by Iron Powder Segment, 2023 to 2033
Figure 12: Global Market Share and BPS Analysis by Type – 2023 to 2033
Figure 13: Global Market Y-o-Y Growth Projection by Type, 2023 to 2033
Figure 14: Global Market Attractiveness Index by , 2023 to 2033
Figure 15: Global Market Absolute $ Opportunity by 1P Segment
Figure 16: Global Market Absolute $ Opportunity by 3P Segment
Figure 17: Global Market Absolute $ Opportunity by 3P Segment
Figure 18: Global Market Value Share and BPS Analysis by Application – 2023 to 2033
Figure 19: Global Market Value Y-o-Y (%) Growth Projections by Application, 2023 to 2033
Figure 20: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 21: Global Market Absolute $ Opportunity by Electrical Coils Segment
Figure 22: Global Market Absolute $ Opportunity by Motors Segment
Figure 23: Global Market Absolute $ Opportunity by Generators Segment
Figure 24: Global Market Absolute $ Opportunity by Transformers Segment
Figure 25: Global Market Absolute $ Opportunity by Inductors Segment
Figure 26: Global Market Absolute $ Opportunity by Sensors Segment
Figure 27: Global Market Absolute $ Opportunity by Others Segment
Figure 28: Global Market Share and BPS Analysis by End Use – 2023 to 2033
Figure 29: Global Market Y-o-Y Growth Projections by End Use, 2023 to 2033
Figure 30: Global Market Attractiveness by End Use, 2023 to 2033
Figure 31: Global Market Absolute $ Opportunity by Automotive Segment
Figure 32: Global Market Absolute $ Opportunity by Industrial Machinery and Equipment Segment
Figure 33: Global Market Absolute $ Opportunity by Consumer Goods Segment
Figure 34: Global Market Absolute $ Opportunity by Power Generation Segment
Figure 35: Global Market Absolute $ Opportunity by Others Segment
Figure 36: Global Market Share and BPS Analysis by Region – 2023 to 2033
Figure 37: Global Market Y-o-Y Growth Projection by Region, 2023 to 2033
Figure 38: Global Market Attractiveness Index by Region, 2023 to 2033
Figure 39: Global Market Absolute $ Opportunity by North America Segment
Figure 40: Global Market Absolute $ Opportunity by Latin America Segment
Figure 41: Global Market Absolute $ Opportunity by Western Europe Segment
Figure 42: Global Market Absolute $ Opportunity by Eastern Europe Segment
Figure 43: Global Market Absolute $ Opportunity by East Asia Segment
Figure 44: Global Market Absolute $ Opportunity by South Asia Pacific Segment
Figure 45: Global Market Absolute $ Opportunity by Middle East and Africa Segment
Figure 46: North America Market Share and BPS Analysis by Country– 2023 to 2033
Figure 47: North America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 48: North America Market Attractiveness Index by Country, 2023 to 2033
Figure 49: North America Market Share and BPS Analysis by Material– 2023 to 2033
Figure 50: North America Market Y-o-Y Growth Projections by Material, 2023 to 2033
Figure 51: North America Market Attractiveness by Material, 2023 to 2033
Figure 52: North America Market Share and BPS Analysis by Type– 2023 to 2033
Figure 53: North America Market Y-o-Y Growth Projection by Type, 2023 to 2033
Figure 54: North America Market Attractiveness Index by Type, 2023 to 2033
Figure 55: North America Market Value Share and BPS Analysis by Application – 2023 to 2033
Figure 56: North America Market Value Y-o-Y (%) Growth Projections by Application, 2023 to 2033
Figure 57: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 58: North America Market Share and BPS Analysis by End Use – 2023 to 2033
Figure 59: North America Market Y-o-Y Growth Projections by End Use, 2023 to 2033
Figure 60: North America Market Attractiveness by End Use, 2023 to 2033
Figure 61: Latin America Market Share and BPS Analysis by Country– 2023 to 2033
Figure 62: Latin America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 63: Latin America Market Attractiveness Index by Country, 2023 to 2033
Figure 64: Latin America Market Share and BPS Analysis by Material– 2023 to 2033
Figure 65: Latin America Market Y-o-Y Growth Projections by Material, 2023 to 2033
Figure 66: Latin America Market Attractiveness by Material, 2023 to 2033
Figure 67: Latin America Market Share and BPS Analysis by Type– 2023 to 2033
Figure 68: Latin America Market Y-o-Y Growth Projection by Type, 2023 to 2033
Figure 69: Latin America Market Attractiveness Index by Type, 2023 to 2033
Figure 70: Latin America Market Value Share and BPS Analysis by Application – 2023 to 2033
Figure 71: Latin America Market Value Y-o-Y (%) Growth Projections by Application, 2023 to 2033
Figure 72: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 73: Latin America Market Share and BPS Analysis by End Use – 2023 to 2033
Figure 74: Latin America Market Y-o-Y Growth Projections by End Use, 2023 to 2033
Figure 75: Latin America Market Attractiveness by End Use, 2023 to 2033
Figure 76: Western Europe Market Share and BPS Analysis by Country– 2023 to 2033
Figure 77: Western Europe Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 78: Western Europe Market Attractiveness Index by Country, 2023 to 2033
Figure 79: Western Europe Market Share and BPS Analysis by Material– 2023 to 2033
Figure 80: Western Europe Market Y-o-Y Growth Projections by Material, 2023 to 2033
Figure 81: Western Europe Market Attractiveness by Material, 2023 to 2033
Figure 82: Western Europe Market Share and BPS Analysis by Type– 2023 to 2033
Figure 83: Western Europe Market Y-o-Y Growth Projection by Type, 2023 to 2033
Figure 84: Western Europe Market Attractiveness Index by Type, 2023 to 2033
Figure 85: Western Europe Market Value Share and BPS Analysis by Application – 2023 to 2033
Figure 86: Western Europe Market Value Y-o-Y (%) Growth Projections by Application, 2023 to 2033
Figure 87: Western Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 88: Western Europe Market Share and BPS Analysis by End Use – 2023 to 2033
Figure 89: Western Europe Market Y-o-Y Growth Projections by End Use, 2023 to 2033
Figure 90: Western Europe Market Attractiveness by End Use, 2023 to 2033
Figure 91: Eastern Europe Market Share and BPS Analysis by Country– 2023 to 2033
Figure 92: Eastern Europe Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 93: Eastern Europe Market Attractiveness Index by Country, 2023 to 2033
Figure 94: Eastern Europe Market Share and BPS Analysis by Material– 2023 to 2033
Figure 95: Eastern Europe Market Y-o-Y Growth Projections by Material, 2023 to 2033
Figure 96: Eastern Europe Market Attractiveness by Material, 2023 to 2033
Figure 97: Eastern Europe Market Share and BPS Analysis by Type– 2023 to 2033
Figure 98: Eastern Europe Market Y-o-Y Growth Projection by Type, 2023 to 2033
Figure 99: Eastern Europe Market Attractiveness Index by Type, 2023 to 2033
Figure 100: Eastern Europe Market Value Share and BPS Analysis by Application – 2023 to 2033
Figure 101: Eastern Europe Market Value Y-o-Y (%) Growth Projections by Application, 2023 to 2033
Figure 102: Eastern Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 103: Eastern Europe Market Share and BPS Analysis by End Use – 2023 to 2033
Figure 104: Eastern Europe Market Y-o-Y Growth Projections by End Use, 2023 to 2033
Figure 105: Eastern Europe Market Attractiveness by End Use, 2023 to 2033
Figure 106: East Asia Market Share and BPS Analysis by Country– 2023 to 2033
Figure 107: East Asia Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 108: East Asia Market Attractiveness Index by Country, 2023 to 2033
Figure 109: East Asia Market Share and BPS Analysis by Material– 2023 to 2033
Figure 110: East Asia Market Y-o-Y Growth Projections by Material, 2023 to 2033
Figure 111: East Asia Market Attractiveness by Material, 2023 to 2033
Figure 112: East Asia Market Share and BPS Analysis by Type– 2023 to 2033
Figure 113: East Asia Market Y-o-Y Growth Projection by Type, 2023 to 2033
Figure 114: East Asia Market Attractiveness Index by Type, 2023 to 2033
Figure 115: East Asia Market Value Share and BPS Analysis by Application – 2023 to 2033
Figure 116: East Asia Market Value Y-o-Y (%) Growth Projections by Application, 2023 to 2033
Figure 117: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 118: East Asia Market Share and BPS Analysis by End Use – 2023 to 2033
Figure 119: East Asia Market Y-o-Y Growth Projections by End Use, 2023 to 2033
Figure 120: East Asia Market Attractiveness by End Use, 2023 to 2033
Figure 121: South Asia and Pacific Market Share and BPS Analysis by Country– 2023 to 2033
Figure 122: South Asia and Pacific Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 123: South Asia and Pacific Market Attractiveness Index by Country, 2023 to 2033
Figure 124: South Asia Pacific Market Share and BPS Analysis by Material– 2023 to 2033
Figure 125: South Asia Pacific Market Y-o-Y Growth Projections by Material, 2023 to 2033
Figure 126: South Asia Pacific Market Attractiveness by Material, 2023 to 2033
Figure 127: South Asia Pacific Market Share and BPS Analysis by Type– 2023 to 2033
Figure 128: South Asia Pacific Market Y-o-Y Growth Projection by Type, 2023 to 2033
Figure 129: South Asia Pacific Market Attractiveness Index by Type, 2023 to 2033
Figure 130: South Asia Pacific Market Value Share and BPS Analysis by Application – 2023 to 2033
Figure 131: South Asia Pacific Market Value Y-o-Y (%) Growth Projections by Application, 2023 to 2033
Figure 132: South Asia Pacific Market Attractiveness Analysis by Application, 2023 to 2033
Figure 133: South Asia Pacific Market Share and BPS Analysis by End Use – 2023 to 2033
Figure 134: South Asia Pacific Market Y-o-Y Growth Projections by End Use, 2023 to 2033
Figure 135: South Asia Pacific Market Attractiveness by End Use, 2023 to 2033
Figure 136: Middle East and Africa Market Share and BPS Analysis by Country, 2023 to 2033
Figure 137: Middle East and Africa Market Y-o-Y Growth Projections by Country, 2023 to 2033
Figure 138: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 139: Middle East and Africa Market Share and BPS Analysis by Material– 2023 to 2033
Figure 140: Middle East and Africa Market Y-o-Y Growth Projections by Material, 2023 to 2033
Figure 141: Middle East and Africa Market Attractiveness by Material, 2023 to 2033
Figure 142: Middle East and Africa Market Share and BPS Analysis by Type– 2023 to 2033
Figure 143: Middle East and Africa Market Y-o-Y Growth Projection by Type, 2023 to 2033
Figure 144: Middle East and Africa Market Attractiveness Index by Type, 2023 to 2033
Figure 145: Middle East and Africa Market Value Share and BPS Analysis by Application – 2023 to 2033
Figure 146: Middle East and Africa Market Value Y-o-Y (%) Growth Projections by Application, 2023 to 2033
Figure 147: Middle East and Africa Market Attractiveness Analysis by Application, 2023 to 2033
Figure 148: Middle East and Africa Market Share and BPS Analysis by End Use – 2023 to 2033
Figure 149: Middle East and Africa Market Y-o-Y Growth Projections by End Use, 2023 to 2033
Figure 150: Middle East and Africa Market Attractiveness by End Use, 2023 to 2033
The global market is projected to reach USD 44.4 billion by the end of 2025.
The market is anticipated to grow at a CAGR of 6.3% over the forecast period.
By 2035, the market is expected to reach USD 81.9 billion.
The electrical steel segment is expected to dominate the market due to its high magnetic permeability, low core losses, and critical role in enhancing efficiency across motors, transformers, and generators.
Key players in the soft magnetic composite market include Höganäs AB, Rio Tinto Metal Powders, Hitachi Metals, Ltd., GKN Powder Metallurgy, Sumitomo Electric Industries.
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Soft Magnetic Composite Market
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