The global Soft Magnetic Powder market was valued at US$ 628 million in 2024 and is anticipated to reach US$ 1773 million by 2031, witnessing a CAGR of 16.2% during the forecast period 2025-2031.

Global key players of Soft Magnetic Powder include POCO Magnetic, ZheJiang NBTM KeDa (KDM), CSC (Changsung Corp.), MAGNETICS, Nanjing New Conda Magnetic, etc. The top five players hold a share about 51%. China is the largest market, and has a share about 48%, followed by North America and Europe with share 17% and 11%, separately. In terms of product type, Alloy Soft Magnetic Powder is the largest segment, accounting for a share of 91%. In terms of application, Photovoltaics and Wind Power is the largest field with a share about 35 percent.

Read full report: https://www.qyresearch.in/report-details/9278510/Global-Soft-Magnetic-Powder-Market-Insights

What is Soft Magnetic Powder?

Soft magnetic powder refers to finely milled ferromagnetic materials, such as iron, nickel, cobalt, and their alloys, that can be easily magnetized and demagnetized. These powders are widely used to produce cores for inductors, transformers, motors, and other electromagnetic components.

Key properties of soft magnetic powders include:

• High magnetic permeability for efficient energy transfer
• Low coercivity for easy magnetization/demagnetization
• Low core loss to reduce energy wastage

Competitive Landscape

The market features a mix of global leaders and specialized manufacturers. Key players include:

• Hitachi Metals, Ltd.
• Höganäs AB
• Rio Tinto Metal Powders
• Mate Co., Ltd.
• Steward Advanced Materials
• ATOMIYAMA Co., Ltd.
• Praxair Surface Technologies

These companies are investing in nanocrystalline and amorphous magnetic materials, powder coating technologies, and advanced manufacturing methods to improve performance and reduce energy loss.

Market Drivers

1. Electrification of Transportation

The rapid adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs) is a major driver for the soft magnetic powder market. These materials are used in traction motors, onboard chargers, and DC-DC converters, enabling efficient power conversion and reduced battery drain.

2. Growth in Renewable Energy Systems

Wind turbines, solar inverters, and other renewable energy infrastructure rely heavily on high-performance magnetic cores for energy conversion and grid integration. Soft magnetic powders enhance the efficiency of these systems, supporting global sustainability goals.

3. Miniaturization of Electronics

As consumer electronics become smaller yet more powerful, manufacturers require magnetic components with higher performance and compact form factors. Soft magnetic composite materials made from powders help meet these demands by enabling 3D magnetic circuit designs.

4. Industrial Automation and Robotics

Automation systems, industrial drives, and robotics require precise and efficient power control. Soft magnetic powders help produce lightweight, efficient motor cores that improve overall system performance.

Market Segmentation

The soft magnetic powder market can be segmented by:

• Material Type: Pure iron powder, iron-silicon alloys, iron-nickel alloys, and soft ferrite powders
• Application: Automotive, consumer electronics, industrial equipment, energy, and telecommunication
• Processing Technology: Press and sinter, metal injection molding (MIM), and additive manufacturing

Among these, iron-silicon alloys are widely used due to their high magnetic permeability and low core loss.

Regional Insights

• Asia-Pacific dominates the global market, driven by large-scale electronics manufacturing, automotive production, and renewable energy projects in China, Japan, South Korea, and India.
• North America is witnessing growth due to advancements in EV technology, aerospace applications, and renewable energy expansion.
• Europe benefits from a strong automotive industry and strict energy efficiency regulations, especially in Germany and the Nordic countries.

Challenges and Opportunities

Challenges:

• High raw material costs for premium alloys
• Complex manufacturing processes for consistent quality
• Limited availability of rare metals such as cobalt

Opportunities:

• Growth in wireless charging and 5G infrastructure
• Use in 3D printing of custom magnetic components
• Expansion of energy storage and smart grid systems

Future Outlook

The soft magnetic powder market is projected to grow steadily in the coming years as industries prioritize energy efficiency, electrification, and compact high-performance components. Emerging trends such as nanocrystalline powders, soft magnetic composites for additive manufacturing, and integration into AI-powered robotics will shape the next phase of market evolution.

With applications spanning from consumer electronics to renewable energy infrastructure, soft magnetic powders will remain an indispensable material in the global shift toward a more electrified and sustainable future.

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