Soft magnetic materials are those materials that are easily magnetised and demagnetised. They typically have intrinsic coercivity less than 1000 Am-1. They are used primarily to enhance and/or channel the flux produced by an electric current. Soft magnetic materials have been used widely in generators, transformers, and switching circuits.
According to the new market research report “Soft Magnetic Materials - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Soft Magnetic Materials market size is projected to reach USD 5.43 billion by 2029, at a CAGR of 5.1% during the forecast period.
- Global Soft Magnetic Materials MarketSize(US$ Million), 2018-2029
Source: QYResearch, "Soft Magnetic Materials - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Soft Magnetic Materials Top19Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, "Soft Magnetic Materials - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
The global key manufacturers of Soft Magnetic Materials include Proterial, Ltd., TDK, DMEGC, POCO Magnetic, Qingdao Yunlu, TDG, MAGNETICS, CSC (Changsung Corp.), ZheJiang NBTM KeDa (KDM), Advanced Technology, etc.
In 2022, the global top five players had a share approximately 24.0% in terms of revenue.
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