Soft Magnetic Composite Market

How big is Soft Magnetic Composite Market in 2026?

The soft magnetic composite market is estimated at USD 44.4 billion in 2025 and is projected to reach USD 47.3 billion in 2026. Sales of soft magnetic composite are expected to grow at a 6.3% CAGR and reach USD 87.1 billion by 2036.

Demand for soft magnetic composite is rising as motor designers move from laminated stacks to pressed powder cores that carry flux in three directions, a shift that favours iron powder at 38% of 2026 material sales. The soft magnetic composite market is likely to reach USD 47.3 billion in 2026, after an estimated USD 44.4 billion in 2025. Sales of soft magnetic composite are projected to grow at a 6.3% CAGR to USD 87.1 billion in 2036, as pressed cores move into traction, pump and charger designs.

For the decade ahead, the strongest single trend is axial flux and other compact motors moving from prototypes into vehicle and aircraft programmes. On 19 August 2026, a JMAG column modelled Somaloy 700 7P in a 150 kW dual-rotor axial flux motor and reported better high-speed efficiency and higher active power density than the 3P and 5P grades.[1] In turn, lower eddy current losses at high frequency let designers spin motors faster and shrink them.

Higher motor speeds favour pressed powder cores, which are moulded close to final shape with less scrap. For this reason, FMI's analysts advise powder producers to co-develop core geometries with motor makers before tooling is fixed, since a qualified core grade usually stays on a platform for the full production life, clearing a path for pressed stator cores in the next motor generation.

Key Market Trends & Insights

• Iron powder is expected to lead material sales with 38% share in 2026, ahead of electrical steel at an estimated 34.5% and soft ferrite at 27.5%.
• Within type, 5P grades are expected to hold 42% as a balance of strength and low loss for motor cores. Above that, a 7P grade is now being benchmarked against 3P and 5P in axial flux designs.[1] Benchmarking of a higher grade signals that premium motors will pull the mix above 5P later in the decade.
• Motors are estimated to lead application sales at 31.4% in 2026, as traction, pump and fan drives multiply, with inductors next at 16.8%.
• Automotive is expected to account for 36.5% of end use demand, as every electric model carries traction motors and chargers. Electric car sales are still rising fast. For scale, IEA expects electric car sales to reach 23 million in 2026, close to 30% of all cars sold.[2] Each of those cars adds traction motor and charger cores, keeping automotive the largest outlet.

Regional Highlights

• South Korea is set to grow fastest in FMI's outlook, at 6.7%, as electronics and electric vehicle component output expands.
• The United States is forecast at 6.5%, and China is expected to match the 6.3% global CAGR. Growth in the United Kingdom (6.1%), Germany (6%) and Japan (5.9%) runs slightly below that, with France slowest at 5.7%.
• Electric car registrations in Germany are rising sharply. German registrations of battery electric cars reached 88,599 in September 2026, a 34.5% share, Kraftfahrt-Bundesamt data reported by electrive show.[3] Higher battery electric volumes add traction motor core demand at German e-axle suppliers.

Market Size & Forecast

Table 1: Market Size and Forecast for the Soft Magnetic Composite Market (USD billion and percentage), 2025 to 2036

Metric	Value
2025 Market Size	USD 44.4 billion
Estimated Market Size in 2026	USD 47.3 billion
Projected Market Size by 2036	USD 87.1 billion
CAGR, 2026 to 2036	6.3%
Added Revenue, 2026 to 2036	USD 39.8 billion
Market Expansion Multiple	1.8x

Demand for soft magnetic composite is rising with electric car output, as each new traction motor and onboard charger adds powder core content. On the demand side, IEA put 2025 electric car sales above 20 million, up 20%.[2] Growth of that size widens the pool of motor platforms open to pressed cores. Motor output sets the pace, with a 6.6% CAGR forecast for the electric motor market, slightly ahead of core materials. FMI projects the soft magnetic composite market to add USD 39.8 billion over ten years, mostly from core orders tied to those motors. On the other hand, a slower electric vehicle cycle in large car markets would hold growth back.

Axial Flux Motors, Magnet-Free Designs and High-Frequency Cores

Motor designers are testing new powder grades for compact, high-speed machines. For instance, JMAG reported in August 2026 that the 7P grade cut high-frequency eddy current losses through a new coating and annealing process.[1] Lower losses at high frequency open faster motor designs to powder cores. Alongside this, Proterial developed Permendur YEP-2V, an iron-cobalt soft magnetic material that gave 14% higher torque at the same current than a motor with high-performance electrical steel.[4] As a result, better core materials allow smaller motors for eVTOL aircraft, e-axles and robots.

Magnet-free motors add a second route to growth. For example, Mahle presented a permanent magnet-free MCT motor for heavy trucks at IAA Transportation 2026, rated at 370 kW peak and above 900 Nm.[5] Removing rare earth magnets puts more of the magnetic job on the soft iron core. Specialty alloy makers are reporting firm results as motor programmes widen. On the materials side, Carpenter Technology reported fiscal 2026 net sales of USD 3,124.2 million and expects 2027 operating income of USD 850 million to USD 880 million.[6] Consequently, specialty alloy and powder producers will gain core orders as magnet-free designs move into production.

Table 2: Motor, Material and Vehicle Indicators for the Soft Magnetic Composite Market (efficiency, output and sales), 2026

Indicator	Data Point	Relevance	Source
Somaloy 700 7P benchmark, August 2026	150 kW axial flux motor; higher power density	New powder grades for high-speed motors	[1]
Electric car sales, 2026 outlook	23 million; close to 30% of cars sold	Traction motor volume	[2]
Proterial Permendur YEP-2V	14% higher torque at the same current	Premium soft magnetic cores	[4]
Mahle MCT motor, September 2026	370 kW peak; no permanent magnets	Magnet-free truck drives	[5]
Carpenter Technology net sales, FY2026	USD 3,124.2 million	Specialty soft magnetic alloys	[6]
German BEV share, September 2026	34.5%; 88,599 cars	European motor demand	[3]
UK BEV share, September 2026	28.3%; 99,199 cars	Motor demand in the United Kingdom	[7]

Analyst Perspective

“In my reading, the next leg of growth will come from motors that no longer fit inside a laminated stack. Axial flux, transverse flux and magnet-free drives all need cores that carry flux in three dimensions, and pressed powder does that with little machining. Producers who can guarantee loss figures at high frequency will set the price for every other supplier.”

- Nikhil Kaitwade, Principal Consultant, Future Market Insights.

How is the soft magnetic composite market segmented?

The market is segmented into material, type, application, end use, and region. Iron powder is expected to lead material with 38% share in 2026, and 5P grades lead type at 42%.

By material: electrical steel, soft ferrite, and iron powder.

By type: 1P, 3P, and 5P.

By application: electrical coils, motors, generators, transformers, inductors, sensors, and others.

By end use: automotive, industrial machinery and equipment, consumer goods, power generation, and others.

By region: motor, inductor and sensor makers across North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and Middle East and Africa.

Why does iron powder lead soft magnetic composite sales by material?

Iron powder is expected to lead material sales with 38% share in 2026, ahead of electrical steel at about 34.5% and soft ferrite at an estimated 27.5%.

Table 3: Material Share for the Soft Magnetic Composite Market (percentage share), 2026

Material	Estimated Share (2026)
Iron Powder	38%
Electrical Steel	34.5%
Soft Ferrite	27.5%
Total	100.0%

Table 4: Material Leadership and Market Growth for the Soft Magnetic Composite Market (segment and CAGR percentage), 2026 to 2036

Metric	Value
Global CAGR (2026 to 2036)	6.3%
Leading Segment	Iron Powder

Insulated iron powder can be pressed into teeth, yokes and claw poles in one step, so iron powder is expected to lead material demand, with roughly 38% of 2026 sales. By comparison, electrical steel, about 34.5%, still gives lower loss at mains frequency and suits large radial motors and transformers, though each stack needs stamping and stacking. The electrical steel market is expected to increase at a CAGR of 6.3%, level with powder cores. Meanwhile, soft ferrite, an estimated 27.5%, works best at very high frequency in chargers and power supplies but saturates early, which limits use in traction motors. Upstream, raw powder supply grows a little slower, at a 5.2% CAGR expected for the iron powder market. At the premium end, iron-cobalt alloys compete with powder for the highest-torque motors. Proterial is also pushing iron-cobalt grades for premium cores.[4] Those grades cost far more, so the alloys stay in aircraft and racing motors, leaving volume cars to iron powder.

• Pure iron, phosphate-coated iron and iron-silicon powders form most iron powder volume.
• Coating and annealing advances keep raising powder performance. JMAG reported that 7P powder reduced high-frequency eddy current losses in an August 2026 study.[1] Lower losses widen the frequency range in which powder cores can replace laminations.

Why do 5P grades lead soft magnetic composite sales by type?

5P grades are projected to lead type sales with 42% share in 2026, with 3P at about 35.5% and 1P at an estimated 22.5%.

Table 5: Type Share for the Soft Magnetic Composite Market (percentage share), 2026

Type	Estimated Share (2026)
5P	42%
3P	35.5%
1P	22.5%
Total	100.0%

Motor engineers choosing a 5P grade get higher mechanical strength and lower loss at the same density, so 5P is projected to lead type sales, at about 42% for 2026. 3P grades, near 35.5%, by comparison cost less and serve pumps, fans and ignition parts that run at moderate frequency. At the entry level, 1P grades, an estimated 22.5%, suit simple inductors and sensors, as loss matters less than price in those parts. Premium grades are already under test. At the top of the range, a JMAG study in August 2026 compared 3P, 5P and a new 7P grade in a 150 kW axial flux motor.[1] Over the forecast period, buyers will move up the grade ladder as motor speeds rise.

• Traction motor stators, e-axle cores and high-speed pump motors use most 5P volume.
• Higher-grade core materials are raising torque per motor size. Proterial reported 14% higher torque at the same current with a new soft magnetic core material.[4] Gains of that size let designers shrink motors for the same output, which favours premium grades in aircraft and robots.

Why do motors lead soft magnetic composite sales by application?

Motors are expected to lead application sales with 31.4% share in 2026, ahead of inductors at about 16.8% and transformers at an estimated 14.5%.

Table 6: Application Share for the Soft Magnetic Composite Market (percentage share), 2026

Application	Estimated Share (2026)
Motors	31.4%
Inductors	16.8%
Transformers	14.5%
Generators	12.6%
Electrical Coils	11.2%
Sensors	7.9%
Others	5.6%
Total	100.0%

Every electric car, HVAC compressor and robot joint needs several motors, so motors will lead application demand at an estimated 31.4%. Inductors, about 16.8%, are fitted in chargers and inverters and use smaller cores per unit. By contrast, transformers, near 14.5%, still rely mostly on laminated steel at large ratings. Generators hold an estimated 12.6%, led by wind and backup sets, and electrical coils 11.2%. Lastly, sensors, 7.9%, and other uses, 5.6%, buy small cores at low volume per device. Rail drives add steady demand, though growth in the railway traction motor market is slower, at a projected 4.3% CAGR. Magnet-free designs are a new outlet within motors. Among new motor types, Mahle unveiled a magnet-free truck motor in September 2026.[5] Without magnets, the soft core carries more of the flux, which raises core value per truck motor.

• Traction, compressor, pump and fan motors form the motor segment.
• Electric car volume is the largest single source of motor core demand. IEA expects electric car sales of 23 million in 2026.[2] Each of those cars carries several motors, which keeps motor cores ahead of inductors.

Why does automotive lead soft magnetic composite sales by end use?

Automotive is likely to lead end use sales with 36.5% share in 2026, with industrial machinery and equipment at about 24.8% and consumer goods at an estimated 16.4%.

Table 7: End Use Share for the Soft Magnetic Composite Market (percentage share), 2026

End Use	Estimated Share (2026)
Automotive	36.5%
Industrial Machinery and Equipment	24.8%
Consumer Goods	16.4%
Power Generation	14.7%
Others	7.6%
Total	100.0%

Traction motors, onboard chargers and dozens of small actuators put the largest core content in each car, so automotive is estimated to lead end use, near 36.5% of 2026 demand. Industrial machinery and equipment follows at about 24.8% and buys servo, pump and compressor motors on longer cycles. Consumer goods, near 16.4%, include appliances and power tools with small, price-sensitive cores. Power generation, an estimated 14.7%, uses cores in generators and grid electronics, and other uses hold 7.6%. The electric share of new car sales is rising across Europe. For instance, UK registrations of battery electric cars reached a 28.3% share in September 2026.[7] Higher electric shares raise the number of traction motors and chargers per thousand cars built. Above all, carmakers will hold this segment in the lead as electric models gain share.

• Battery electric, plug-in hybrid and mild hybrid cars form the automotive base.
• German demand for electric cars is growing at double-digit rates. From January to September 2026, 604,144 battery electric cars were registered in Germany, up 58.1%.[3] That volume adds e-axle and onboard charger core orders for European suppliers.

What are the drivers, restraints, and opportunities in the soft magnetic composite market?

Electric vehicles and efficient motors keep demand for soft magnetic composite growing. Lower saturation than laminated steel limits some uses, and axial flux and magnet-free motors open new core designs.

• Driver: Each electric car carries a traction motor, chargers and many small actuators, so wider adoption of electric vehicles multiplies core content per vehicle.
• Restraint: Powder cores have lower permeability and strength than laminated steel at mains frequency, so designers of large radial motors and transformers keep choosing steel stacks.
• Opportunity: Axial flux and magnet-free motors need three-dimensional flux paths, which pressed powder cores provide with little machining.

Electric Vehicles Multiply Core Content

Adoption of electric drive raises the number of magnetic cores in each vehicle. For example, IEA expects 23 million electric car sales in 2026, close to 30% of all cars sold.[2] A share that high makes electric drive the default platform for new motor programmes. Likewise, UK registrations of battery electric cars rose 36.3% in September 2026.[7] In turn, core suppliers qualified on high-volume platforms will gain the steadiest orders.

Steel Stacks Still Hold Large Motors

Producers of soft magnetic composite face a ceiling in large, low-frequency machines. In FMI's view, motors above a few hundred kilowatts and distribution transformers will stay mainly on laminated steel. Competing alloys are also raising the bar at the premium end. At the same time, Proterial reached 14% higher torque than high-performance electrical steel with Permendur YEP-2V, an iron-cobalt alloy aimed at eVTOL motors.[4] As a result, powder producers will focus on compact, high-speed designs instead of large stacks.

Axial Flux and Magnet-Free Motors Open New Designs

Compact motors with three-dimensional flux paths are the clearest new outlet. On this front, a JMAG study in August 2026 found that a 7P powder grade raised active power density in a 150 kW axial flux motor.[1] Higher power density is the main reason axial flux makers consider powder cores. Meanwhile, Mahle said development projects for the magnet-free MCT motor had begun with commercial vehicle makers.[5] Consequently, powder suppliers that tune grades for these motors will gain the first platform awards.

Which country CAGRs are profiled in the soft magnetic composite market?

Table 8: Country CAGR Comparison for the Soft Magnetic Composite Market (CAGR percentage), 2026 to 2036

Country	CAGR (2026 to 2036)
South Korea	6.7%
United States	6.5%
China	6.3%
United Kingdom	6.1%
Germany	6%
Japan	5.9%
France	5.7%

How do country-level CAGRs compare in the soft magnetic composite market?

South Korean component makers are growing on exports even as electrification orders soften. Hyundai Mobis reported Q2 2026 revenue of KRW 16.3 trillion, up 2.4%, though electrification sales dipped as some automaker customers cut output.[8] A dip of that kind at a major supplier shows Korean core demand moving with export carmaker schedules. South Korea still leads at 6.7% on battery, motor and chip plants, and the United States is forecast at 6.5% in the FMI outlook on efficient motors and grid equipment. Chinese car output is already very large, so China grows in line with the 6.3% global CAGR. Behind China, electric car registrations underpin a 6.1% rate for the United Kingdom. Germany follows closely, at 6%. Further back, Japan is projected at 5.9%, with specialty materials makers adding premium grades. Finally, France, at 5.7%, is the slowest.

• Korean battery, motor and chip plants supply carmakers abroad, so Korean core demand rises with export programmes. Powder suppliers qualified with Hyundai Mobis and other tier-ones gain the largest share of that growth.
• Efficiency rules for industrial motors and new grid equipment orders are pushing US buyers toward lower-loss cores, which favours higher grades and domestic specialty alloy producers such as Carpenter Technology.
• With most of the electric cars produced globally built in China, Chinese demand has the largest volume base but slower percentage growth. For suppliers, price competition is the main constraint on margins there.
• As the ZEV mandate raises the electric share of new UK cars, demand for traction motor cores is rising, and axial flux developers add specialist orders for high-grade powder.
• German battery electric registrations are rising quickly, and e-axle programmes at carmakers and Tier 1 suppliers are adopting powder cores for auxiliary motors. Design-in at a German Tier 1 brings powder producers multi-year volume.
• Japanese materials makers are developing premium soft magnetic grades for eVTOL and robot motors, which moves the Japanese mix toward high-value cores. Hybrid output keeps base demand steady.
• French growth comes from vehicle and industrial motor programmes as carmakers add electric drive lines. A smaller base of motor developers gives suppliers fewer early design-in chances in France than in Germany or the United Kingdom.

Full report country CAGRs cover: seven named rates, from 6.7% at the top to 5.7% at the bottom, plus regional rates that include every other standard country.

Country-wise Analysis

South Korea Soft Magnetic Composite Market Outlook (2026 to 2036)

Korean component makers supply motors, inverters and chargers to domestic and overseas carmakers. For instance, Hyundai Mobis said higher sales to overseas automakers and more high-value electronic components offset a slight fall in electrification sales in Q2 2026.[8] These component exports make South Korea the quickest-growing country, at 6.7%.

Key takeaway: Exports lead South Korea.

United States Soft Magnetic Composite Market Outlook (2026 to 2036)

US demand draws on a strong domestic specialty alloy base. Carpenter Technology, a specialty alloy producer, reported fiscal 2026 net sales of USD 3,124.2 million and set a fiscal 2027 operating income range of USD 850 million to USD 880 million.[6] Operating income guidance at that level gives Carpenter room to invest in soft magnetic alloy capacity. Alongside specialty alloy supply, efficient industrial motors, data center power gear and electric trucks support a projected 6.5% CAGR for the United States.

Key takeaway: Power gear leads the United States.

China Soft Magnetic Composite Market Outlook (2026 to 2036)

China already dominates electric car production. China made nearly three-quarters of the almost 22 million electric cars produced globally in 2025, and exports of electric cars doubled to above 2.5 million.[2] Even so, FMI analysis shows demand for soft magnetic composite in China rising in line with the global 6.3% pace, as the very large production base grows more slowly in percentage terms.

Key takeaway: Scale anchors China.

United Kingdom Soft Magnetic Composite Market Outlook (2026 to 2036)

UK electric car sales are rising but still short of the mandate. UK registrations of battery electric cars reached 99,199 in September 2026, a 28.3% share, against a ZEV mandate target of 33% for 2026.[7] The gap to target keeps pressure on carmakers to sell more electric models, which supports motor core demand. In addition, axial flux motor developers near Oxford and in the Midlands add specialist core orders, keeping British growth near 6.1%.

Key takeaway: The ZEV mandate keeps UK motor demand rising.

Germany Soft Magnetic Composite Market Outlook (2026 to 2036)

Electric car registrations in Germany are recovering strongly. A 34.5% battery electric share of German registrations in September 2026 came with volumes almost double the September 2025 level.[3] Near-doubled volumes feed directly into e-axle core orders. At the same time, German carmakers and Tier 1 suppliers are designing e-axles and auxiliary motors with powder cores, which supports a 6% expected rate.

Key takeaway: Electric car volumes raise German core orders.

Japan Soft Magnetic Composite Market Outlook (2026 to 2036)

Japanese makers are active in specialty soft magnetic materials. Among them, Proterial developed Permendur YEP-2V for eVTOL motor cores and plans wider use in other motor cores.[4] Wider use in motor cores would move Japanese output toward premium alloys. Beyond these materials, hybrid cars and factory automation keep orders steady, and FMI places Japan at a 5.9% CAGR.

Key takeaway: Premium materials define Japanese demand.

France Soft Magnetic Composite Market Outlook (2026 to 2036)

France gains mainly from wider European electrification. French carmakers and industrial motor makers are adding electric drive lines, and European electric car sales rose close to 30% in Q1 2026.[2] Growth tied to those programmes supports a 5.7% rate for France, the slowest of the seven countries.

Key takeaway: Vehicle programmes shape France.

Who are the notable companies in the soft magnetic composite market?

Höganäs, Rio Tinto Metal Powders, Proterial, GKN Powder Metallurgy, Sumitomo Electric, PMG Group, Carpenter Technology, Resonac, Magnetec and HöferMetall Technik are the profiled companies.

In FMI analysis, iron powder producers, powder metallurgy part makers and specialty alloy groups form the supplier base, and loss performance at high frequency separates them. Among alloy groups, Carpenter Technology reported Q4 fiscal 2026 net sales of USD 851.0 million.[6] Sales of that size give alloy groups room to fund new soft magnetic grades. In core materials, Proterial demonstrated an iron-cobalt core material with higher torque than electrical steel.[4] Premium materials of that kind compete with powder only in the highest-torque motors. Höganäs, Rio Tinto Metal Powders, GKN Powder Metallurgy, Sumitomo Electric, PMG Group, Resonac, Magnetec and HöferMetall Technik also compete in powder, part and core supply.

• Iron powder and composite core producers: Höganäs, Rio Tinto Metal Powders, GKN Powder Metallurgy, Sumitomo Electric and PMG Group.
• Specialty soft magnetic alloy and core makers: Proterial, Carpenter Technology, Resonac, Magnetec and HöferMetall Technik.

Competitive Benchmarking: Soft Magnetic Composite Market

Table 9: Competitive Benchmarking for the Soft Magnetic Composite Market (qualitative ratings), 2026

Company	Powder Cores	Specialty Alloys	Motor Programmes	Recent Activity
Höganäs	High	Low	Medium	High
Proterial	Medium	High	Medium	Medium
Carpenter Technology	Low	High	Low	High
Sumitomo Electric	Medium	Low	Medium	Low

Ratings compare the companies on powder cores, specialty alloys, motor programmes and recent activity.

Key Developments in the Soft Magnetic Composite Market

• Kraftfahrt-Bundesamt figures for September 2026, reported on 5 October 2026, showed a 34.5% battery electric share of German car registrations, adding traction motor core demand in Germany.[3]
• Britain registered 99,199 new battery electric cars in September, as counted on 2 October 2026, the strongest month for UK electric car registrations so far.[7]
• Mahle presented the permanent magnet-free MCT truck motor at IAA Transportation 2026 on 14 September 2026, which signals rising soft core content in heavy truck drives.[5]
• On 19 August 2026, JMAG published a study of Somaloy 700 7P in a 150 kW axial flux motor; for powder producers this means grade data now enters motor design earlier.[1]
• Carpenter Technology guided fiscal 2027 operating income to USD 850 million to USD 880 million in results of 30 July 2026, pointing to firm specialty alloy demand.[6]
• Electrification sales dipped slightly in the second quarter, Hyundai Mobis said on 24 July 2026, a reminder that Korean core demand moves with carmaker output.[8]
• IEA projected electric car sales of 23 million for 2026 in the 20 May 2026 outlook, a volume that widens the motor platform base for powder cores.[2]
• Permendur YEP-2V, the soft magnetic material for motor cores Proterial announced on 22 July 2025, gives premium motor designers an alternative to electrical steel.[4]

Key Players in the Soft Magnetic Composite Market

Iron Powder and Composite Core Producers

• Höganäs
• Rio Tinto Metal Powders
• GKN Powder Metallurgy
• Sumitomo Electric
• PMG Group

Specialty Soft Magnetic Alloy and Core Makers

• Proterial
• Carpenter Technology
• Resonac
• Magnetec
• HöferMetall Technik

Soft Magnetic Composite Market - Report Scope

Table 10: Report Scope for the Soft Magnetic Composite Market (coverage fields and definitions), 2026 to 2036

Coverage field	Report scope
Market breakdown	Material; type; application; end use; region
Quantitative units	USD billion
Market definition	Soft magnetic core materials and composites, covering insulated iron powder cores, electrical steel and soft ferrite used in motors, generators, transformers, inductors, coils and sensors.
Regions covered	North America; Latin America; Western Europe; Eastern Europe; East Asia; South Asia and Pacific; Middle East and Africa
Countries covered	United States; Canada; Brazil; Mexico; Argentina; Chile; Germany; France; United Kingdom; Italy; Spain; Benelux; Nordics; Poland; Czech Republic; Romania; Hungary; China; Japan; South Korea; India; ASEAN; Australia and New Zealand; GCC Countries; South Africa; Türkiye; Israel
Key companies profiled	Höganäs, Rio Tinto Metal Powders, Proterial, GKN Powder Metallurgy, Sumitomo Electric, PMG Group, Carpenter Technology, Resonac, Magnetec, HöferMetall Technik
Forecast period	2026 to 2036

Soft Magnetic Composite Market - Research Methodology

Table 11: Research Methodology for the Soft Magnetic Composite Market (research methods and approach), 2026 edition

Method	Approach
Data Sources	Company results, industry associations, government statistics and trade publications.
Desk Research	Desk research covers powder grades, axial flux and magnet-free motors, electric vehicle sales and specialty alloys.
Market Sizing and Forecasting	Sizing starts from the 2026 base of USD 47.3 billion and the 6.3% CAGR for 2026 to 2036.
Data Validation	Figures are cross-checked across company, industry and government sources.

Soft Magnetic Composite Market by Segments

Soft Magnetic Composite Market segmented by Material:

• Electrical Steel
• Soft Ferrite
• Iron Powder

Soft Magnetic Composite Market segmented by Type:

• 1P
• 3P
• 5P

Soft Magnetic Composite Market segmented by Application:

• Electrical Coils
• Motors
• Generators
• Transformers
• Inductors
• Sensors
• Others

Soft Magnetic Composite Market segmented by End Use:

• Automotive
• Industrial Machinery and Equipment
• Consumer Goods
• Power Generation
• Others

Soft Magnetic Composite Market by Region

• North America
  • United States
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile
• Western Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Benelux
  • Nordics
• Eastern Europe
  • Poland
  • Czech Republic
  • Romania
  • Hungary
• East Asia
  • China
  • Japan
  • South Korea
• South Asia and Pacific
  • India
  • ASEAN
  • Australia and New Zealand
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Türkiye
  • Israel

Research Sources and Bibliography

• [1] JMAG (Alvier Mechatronics AB). (2026, August 19). Column: Investigation of SMC Somaloy 700 7P for High-Performance Axial Flux Motor Applications. https://www.jmag-international.com/jmag_mail_news/20260819/
• [2] International Energy Agency. (2026, May 20). Close to 30% of cars sold this year are set to be electric as countries and consumers respond to energy crisis. https://www.iea.org/news/close-to-30-of-cars-sold-this-year-are-set-to-be-electric-as-countries-and-consumers-respond-to-energy-crisis
• [3] electrive.net. (2026, October 5). Neuer Spitzenwert: Mehr als jeder dritte Neuwagen ist ein Elektroauto. https://www.electrive.net/2026/10/05/jeder-dritte-neuwagen-elektroauto/
• [4] Magnetics Magazine Editorial Staff. (2025, August 7). Proterial develops heavy rare earth free Neo sintered magnet for EV motors, also new soft magnetic material for motor cores. https://magneticsmag.com/proterial-develops-heavy-rare-earth-free-neo-sintered-magnet-for-ev-motors-also-new-soft-magnetic-material-for-motor-cores/
• [5] Automotive World. (2026, September 14). Mahle unveils range extender and MCT motor at IAA 2026. https://www.automotiveworld.com/news/mahle-unveils-range-extender-and-mct-motor-at-iaa-2026/
• [6] Carpenter Technology Corporation. (2026, July 30). Carpenter Technology Reports Fourth Quarter and Fiscal Year 2026 Results (Form 8-K, Exhibit 99). https://www.sec.gov/Archives/edgar/data/0000017843/000001784326000030/a4thqtr2026resultspressrel.htm
• [7] electrive.com. (2026, October 2). UK posts strongest-ever month for BEV registrations in September. https://www.electrive.com/2026/10/02/uk-posts-strongest-ever-month-for-bev-registrations-in-september/
• [8] Edaily. (2026, July 24). Hyundai Mobis Reports Increased 2Q Revenue and Operating Profit, Up 2.4% and 12.1% Year-Over-Year. https://en.edaily.co.kr/news/eda202607245236

This bibliography is provided for reader reference. The full report contains the complete reference list and detailed citations.

This Report Answers

• How big is the soft magnetic composite market during 2026?
• What market size is projected by 2036?
• Which material holds notable share?
• Which type holds notable share?
• Which countries have notable growth?
• Which companies are notable in the market?