Global Soft Magnetic Materials Market Size, Share, Trends, and Forecast, 2026-2033 | EVs and Grid Modernization Propel Revenue to USD 33.9 Billion at 4.8% CAGR

Dublin, Sept. 29, 2026 (GLOBE NEWSWIRE) -- "Soft Magnetic Materials Market Size, Share & Trends Analysis Report by Product, Application, Region, and Growth Forecasts, 2026-2033" has been added to ResearchAndMarkets.com's offering.

The global soft magnetic materials market was valued at an estimated USD 23.0 billion in 2025 and is projected to reach USD 33.9 billion by 2033. The market is expected to expand at a compound annual growth rate of 4.8% from 2026 to 2033, supported by rising electrification across the automotive, energy, electronics, and industrial sectors.

Growing electric vehicle production represents a major driver of soft magnetic materials market growth. These materials are widely used in electric motors, transformers, alternators, inductors, and power electronics to improve operating efficiency and reduce energy losses. Government incentives, increasingly stringent emission regulations, and continued investment in electric mobility infrastructure are expected to support demand for electrical steel, ferrites, permalloys, and other advanced magnetic materials.

Renewable energy development and power grid modernization are also creating significant market opportunities. Soft magnetic materials are essential to generators, transformers, and grid equipment, where they support efficient energy conversion and help minimize transmission losses. As countries expand solar and wind power capacity, upgrade aging electricity networks, and deploy intelligent grid systems, demand for high-performance magnetic components is anticipated to increase.

The expanding electronics and telecommunications industries provide another important growth channel. Smartphones, data centers, IoT devices, and high-frequency electronics require compact components that deliver improved performance with lower power consumption. Miniaturization and the increasing use of high-frequency systems are encouraging manufacturers to adopt advanced products, including amorphous alloys and nanocrystalline materials.

Industrial automation is further strengthening the market outlook. Automated production systems, robotics, sensors, and smart industrial equipment depend on electromagnetic components with high permeability and low energy loss. This demand is supporting the use of soft magnetic materials in motors, inductors, sensors, and other equipment deployed across modern manufacturing environments.

Research and development initiatives continue to broaden the commercial potential of the market. Manufacturers are advancing soft magnetic composites and specialized alloys with enhanced efficiency, thermal stability, and reduced core losses. These innovations are enabling new applications in high-speed motors, electric mobility systems, next-generation telecommunications, and advanced power conversion equipment.

Global Soft Magnetic Materials Market Report Segmentation

The report analyzes revenue and volume growth at global, regional, and country levels and evaluates industry trends across sub-segments from 2021 to 2033. Market forecasts are provided by product, application, and region.

Key Benefits of the Report

The global soft magnetic materials market report provides strategic intelligence for manufacturers, suppliers, investors, and other industry participants seeking to evaluate market opportunities. Its combination of segment forecasts, regional analysis, competitive insights, and technology trends supports planning across established and emerging applications.

Key Attributes:

Key Topics Covered:

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope

1.2. Market Definition

1.3. Information Procurement

1.3.1. Information Analysis

1.3.2. Data Analysis Models

1.3.3. Market Formulation & Data Visualization

1.3.4. Data Validation & Publishing

1.4. Research Scope and Assumptions

1.4.1. List of Data Applications

Chapter 2. Executive Summary

2.1. Market Outlook

2.2. Segmental Outlook

2.3. Competitive Outlook

Chapter 3. Market Variables, Trends, and Scope

3.1. Market Outlook

3.2. Industry Value Chain Analysis

3.2.1. Raw Material Trends

3.2.2. Sales Channel Analysis

3.3. Regulatory Framework

3.4. Market Dynamics

3.4.1. Market Driver Analysis

3.4.2. Market Restraint Analysis

3.5. Market Opportunities

3.6. Market Challenges

3.7. Porter's Five Forces Analysis

3.7.1. Bargaining Power of Suppliers

3.7.2. Bargaining Power of Buyers

3.7.3. Threat of Substitution

3.7.4. Threat of New Entrants

3.7.5. Competitive Rivalry

3.8. PESTLE Analysis

3.8.1. Political

3.8.2. Economic

3.8.3. Social Landscape

3.8.4. Product

3.8.5. Environmental

3.8.6. Legal

Chapter 4. Soft Magnetic Materials Market: Product Estimates & Trend Analysis

4.1. Soft Magnetic Materials Market: Product Movement Analysis, 2025 & 2033

4.2. Electrical Steel

4.2.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)

4.3. Ferrites

4.3.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)

4.4. Permalloys

4.4.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)

4.5. Others

4.5.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)

Chapter 5. Soft Magnetic Materials Market: Application Estimates & Trend Analysis

5.1. Soft Magnetic Materials Market: Application Movement Analysis, 2025 & 2033

5.2. Motors

5.2.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)

5.3. Transformers

5.3.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)

5.4. Alternators

5.4.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)

5.5. Others

5.5.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)

Chapter 6. Soft Magnetic Materials Market: Regional Estimates & Trend Analysis

6.1. Regional Analysis, 2025 & 2033

6.2. North America

6.2.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)

6.2.2. Market estimates and forecasts, by product, 2021-2033 (USD Million) (Kilotons)

6.2.3. Market estimates and forecasts, by application, 2021-2033 (USD Million) (Kilotons)

6.2.4. U.S.

6.2.5. Canada

6.2.6. Mexico

6.3. Europe

6.3.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)

6.3.2. Market estimates and forecasts, by product, 2021-2033 (USD Million) (Kilotons)

6.3.3. Market estimates and forecasts, by application, 2021-2033 (USD Million) (Kilotons)

6.3.4. Germany

6.3.5. Italy

6.3.6. France

6.3.7. Russia

6.4. Asia-Pacific

6.4.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)

6.4.2. Market estimates and forecasts, by product, 2021-2033 (USD Million) (Kilotons)

6.4.3. Market estimates and forecasts, by application, 2021-2033 (USD Million) (Kilotons)

6.4.4. China

6.4.5. India

6.4.6. Japan

6.5. Latin America

6.5.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)

6.5.2. Market estimates and forecasts, by product, 2021-2033 (USD Million) (Kilotons)

6.5.3. Market estimates and forecasts, by application, 2021-2033 (USD Million) (Kilotons)

6.5.4. Brazil

6.6. Middle East & Africa

6.6.1. Market estimates and forecasts, 2021-2033 (USD Million) (Kilotons)

6.6.2. Market estimates and forecasts, by product, 2021-2033 (USD Million) (Kilotons)

6.6.3. Market estimates and forecasts, by application, 2021-2033 (USD Million) (Kilotons)

6.6.4. Saudi Arabia

6.6.5. UAE

Chapter 7. Competitive Landscape

7.1. Recent Developments & Impact Analysis, by Key Market Participants

7.2. Company Categorization

7.3. Company Ranking, 2025

7.4. Heat Map Analysis

7.5. Kraljic Matrix

7.6. Vendor Landscape

7.6.1. List of Raw Material Suppliers

7.6.2. List of Distributors

7.7. List of Prospective End-Users

7.8. Strategy Initiatives

7.8.1. Acme Electronics Corporation

7.8.2. Advanced Technology & Materials Co., Ltd.

7.8.3. Arnold Magnetic Technologies

7.8.4. Daido Steel Co., Ltd.

7.8.5. DMEGC Magnetics Co., Ltd.

7.8.6. Ferroxcube

7.8.7. JFE Steel Corporation

7.8.8. Mate Co. Ltd.

7.8.9. Mk Magnetics Inc

7.8.10. PROTERIAL, Ltd.

List of Tables [63]

List of Figures [18]

Companies Featured

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