Soft Magnetic Composite Market Size and Share Forecast Outlook 2025 to 2035

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%

Analyzing Soft Magnetic Composite Industry by Top Investment Segments

The global soft magnetic composite market is segmented by material into electrical steel, soft ferrite, and iron powder; by type into 1P, 3P, and 5P; by application into electrical coils, motors, generators, transformers, inductors, sensors, and others (including electromagnetic interference suppression components and solenoids); by end use into automotive, industrial machinery and equipment, consumer goods, power generation, and others (such as aerospace, defense, and research laboratories); and by region into North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia Pacific, and the Middle East and Africa.

Electrical Steel Segment to Grow at 6.6% CAGR Backed by EV and Grid Expansion

Electrical steel is expected to remain the most lucrative material segment in the soft magnetic composite market from 2025 to 2035, registering a CAGR of 6.6%, outperforming the global average. This growth is directly correlated with surging demand for high-efficiency transformers and motors, particularly in power transmission infrastructure and EV propulsion systems.

Electrical steel’s high magnetic permeability and low hysteresis loss make it indispensable for large-scale grid upgrades and utility-scale renewable integration. In comparison, soft ferrite, while gaining traction due to its high-frequency stability, is more commonly deployed in compact, cost-sensitive applications like EMI suppression and power electronics. Iron powder, although used in additive manufacturing and prototyping, lags in scalability and performance relative to the other two categories, limiting its market penetration. G

iven the substantial capital investments into electrification of both transport and energy grids, electrical steel's material properties and deployment versatility ensure it captures the lion’s share of material-based revenues through 2035.

Material Segment CAGR (2025 to 2035)
Electrical Steel 6.6%

By Type, 5P Segment to Account for Over 22% Market Share in 2025

Among the type-based segments 5P soft magnetic composites are poised to be the fastest-growing category between 2025 and 2035 and is estimated to account for 22% of the market and projected to grow at a CAGR of 7.1%. These high-density, multi-phase materials are optimized for performance-critical applications like electric traction motors and advanced generators in EVs and industrial systems. With enhanced permeability, minimal core losses, and improved thermal stability, 5P materials are gaining preference in next-generation designs.

In contrast, 1P materials often used in low-performance consumer electronics are approaching saturation, with limited room for innovation or cost reduction. 3P composites, while moderately evolving, continue to serve mid-range industrial applications but lack the specialization required for high-efficiency systems, capping their growth potential.

Type Segment CAGR (2025)
5P 22%

Motors Segment to Lead Application Growth with Strong 6.9% CAGR Through 2035

The motors segment in the application category is projected to be the most lucrative in the soft magnetic composite market from 2025 to 2035, translating to a strong CAGR of 6.9%, notably above the market average. This growth is propelled by the accelerating global demand for electric vehicles (EVs), industrial automation, and robotics, all of which rely heavily on high-efficiency motors designed with soft magnetic composites to minimize core losses and improve flux density.

The segments like transformers and inductors are also witnessing growth due to the rise in smart grid infrastructure and power electronics, their expansion remains more linear. Applications such as sensors and electrical coils are driven by steady demand in automotive and consumer electronics but do not match the capital intensity or volume growth of the motor segment.

Furthermore, within end-use industries, automotive remains the primary driver, followed by industrial machinery and power generation. Others in the application segment refers to electromagnetic interference suppression components and solenoids, while in end-use, it includes sectors like aerospace, defense systems, and research institutions.

Application Segment CAGR (2025 to 2035)
Motors 6.9%

By End Use, Automotive is Poised to be the Most Lucrative Segment

Among end-use industries, the automotive sector is projected to be the most lucrative in the soft magnetic composite market from 2025 to 2035, reflecting a CAGR of 6.8%, which is significantly above the global average of 6.3%.

This growth is primarily fueled by the rapid electrification of vehicles both EVs and HEVs as well as mandates for higher fuel efficiency and lower emissions. Soft magnetic composites (SMCs) are increasingly used in electric powertrains, motors, sensors, and onboard charging systems due to their low core losses and compact design advantages. Industrial machinery and equipment are another major end-use category, benefiting from Industry 4.0 trends and increased automation.

The power generation segment is driven by renewable energy expansion, particularly in transformers and inductors. Consumer goods continue to grow steadily with demand for compact electronics and appliances. The others category includes aerospace, defense systems, medical imaging equipment, and scientific research applications sectors that require precision components with superior magnetic performance.

End-Use Segment CAGR (2025 to 2035)
Automotive 6.8%

Challenges & Opportunities

Challenges

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.

Opportunities

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.

Country Wise Analysis

United States

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.

  • EV Development: The width of the exposure to electric vehicle technology increases the requirement for electric motors, and it makes more car manufacturers adopt SMCs in their models.
  • Renewable Energy Power Integration: The deployment of wind and solar power through SMCs transformers and inductors for energy-efficient power conversion is being supported by the infrastructure development of these alternative energy sources.
  • Government Legislation: The federal government also offers incentives for the manufacturers to switch to green and electrified production processes, which leads to investments in new magnetic soft materials.
  • The Expansion of Additive Manufacturing: 3D printing development facilitates intricate SMC designs, providing power-efficient solutions for the future generation of electrical devices.
  • Manufacturing Demand: The increased utilization of consumer electronics, and also to the automation of the production process, contributes to the adoption of these high-tech magnetic composites in the manufacturing sector.
Country CAGR (2025 to 2035)
United States 6.5%

United Kingdom

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.

  • Renewable Energy Investment: Investments in wind power and smart grids prove the need for SMCs in energy-efficient electrical applications.
  • Automotive Tools: The change to electric mobility gear-ups need for sophisticated magnetic bits in EV motor.
  • Different kinds of Research: Close collaboration between universities and industry creates innovations in SMC materials and applications.
  • Material Supply Problems: Supply problems from reliance on imported raw materials creates challenges relating to pricing and market competition.
  • Governmental Admission Reduction: Imposing strict carbon emissions leads to the growing use of SMC in green energy and transport.
Country CAGR (2025 to 2035)
United Kingdom 6.1%

European Union

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.

  • EV Market Leadership: The automotive sector which has grown strong with electric vehicle production drives the demand for soft magnetic composites.
  • Environmental Regulations: The stringent EU sustainability policies drive industries to the use of energy-efficient magnetic materials.
  • Industrial Automation Growth: The growing field of robotics and the use of automation in different applications results in the creation of a new market for high-performance SMCs.
  • Research Funding: Big money is being pumped into material science and magnetic technology which in turn helps product innovations.
Region CAGR (2025 to 2035)
European Union 6.4%

Japan

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.

  • Advanced Motor Technology: Japan’s supremacy in small, high-efficiency electric motors make it feasible to adopt SMC instead of traditional methods in electronics and EVs.
  • Consumer Electronics Growth: Miniaturized and energy-efficient power supplies in the electronics sector that are in high demand push the SMC manufacturers to produce better-performing SMCs.
  • Aging Workforce Challenges: The shortage of skilled labour restricts production lines in turn driving automation as well as improvements in the efficiency of the processing of magnetic materials.
  • Material Innovation: The rigorous R&D on the nanocrystal line type of magnetic material significantly boosts the SMC performance in different areas.
  • Hybrid Vehicle Market: The ongoing production of SMC motors is made possible through Japan's leadership in hybrid vehicle assembly.
Country CAGR (2025 to 2035)
Japan 5.9%

South Korea

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.

  • Tech-Driven Market: Strong semiconductor and electronics industries drive the need for precision magnetic components.
  • EV and Battery Growth: Expanding electric vehicle sector increases demand for efficient, high-performance magnetic composites.
  • Government Incentives: Policies supporting green technology investment fuel market expansion.
  • Nanocrystalline Material Development: R&D efforts enhance SMC efficiency and adoption in next-gen applications.
  • Export-Oriented Manufacturing: Strong global evidence of South Korean electronics and automotive parts supports SMC production.
Country CAGR (2025 to 2035)
South Korea 6.7%

Competition Outlook

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.

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

Report Coverage for Soft Magnetic Composites Market

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

Market Segmentation

By Material:

In terms of Material, the industry is divided into Electrical Steel, Soft Ferrite, Iron Powder

By Application:

In terms of Application, the industry is divided into Electrical Coils, Motors, Generators, Transformers, Inductors, Sensors, Others

By Region:

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 of Content

  1. Executive Summary
  2. Industry Introduction, including Taxonomy and Market Definition
  3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
  4. Global Market Demand Analysis 2020 to 2024 and Forecast 2025 to 2035, including Historical Analysis and Future Projections
  5. Pricing Analysis
  6. Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035
    • Material
    • Type
    • Application
    • End Use
  7. Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Material
    • Electrical Steel
    • Soft Ferrite
    • Iron Powder
  8. Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Type
    • 1P
    • 3P
    • 5P
  9. Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Application
    • Electrical Coils
    • Motors
    • Generators
    • Transformers
    • Inductors
    • Sensors
    • Others
  10. Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By End Use
    • Automotive
    • Industrial Machinery and Equipment
    • Consumer Goods
    • Power Generation
    • Others
  11. Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Region
    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • East Asia
    • South Asia Pacific
    • Middle East and Africa
  12. North America Sales Analysis 2020 to 2024 and Forecast 2025 to 2035, by Key Segments and Countries
  13. Latin America Sales Analysis 2020 to 2024 and Forecast 2025 to 2035, by Key Segments and Countries
  14. Western Europe Sales Analysis 2020 to 2024 and Forecast 2025 to 2035, by Key Segments and Countries
  15. Eastern Europe Sales Analysis 2020 to 2024 and Forecast 2025 to 2035, by Key Segments and Countries
  16. East Asia Sales Analysis 2020 to 2024 and Forecast 2025 to 2035, by Key Segments and Countries
  17. South Asia Pacific Sales Analysis 2020 to 2024 and Forecast 2025 to 2035, by Key Segments and Countries
  18. Middle East and Africa Sales Analysis 2020 to 2024 and Forecast 2025 to 2035, by Key Segments and Countries
  19. Sales Forecast 2025 to 2035 by Material, Type, Application, and End Use for 30 Countries
  20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
  21. Company Profile
    • 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

List of Tables

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

List of Figures

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

Frequently Asked Questions

What is the estimated market size of the global soft magnetic composite market for 2025?

The global market is projected to reach USD 44.4 billion by the end of 2025.

What is the anticipated market expansion rate for soft magnetic composites through 2035?

The market is anticipated to grow at a CAGR of 6.3% over the forecast period.

What is the projected soft magnetic composite market worth by 2035?

By 2035, the market is expected to reach USD 81.9 billion.

Which segment is expected to dominate the soft magnetic composite market?

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.

Which are the key players in the soft magnetic composite market?

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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