Soft Magnetic Composites (SMCs) Market

Soft Magnetic Composites (SMCs) Market Study by Iron Powder, Silicon Ferrite, Supermalloys, and Permalloys for Transformers, Inductors, Motors, and Generators from 2023 to 2033

Analysis of Soft Magnetic Composites (SMCs) Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Soft Magnetic Composites (SMCs) Market Outlook (2023 to 2033)

The global soft magnetic composites (SMCs) market is valued at US$ 4.5 billion in 2023 and is forecasted to reach US$ 8.9 billion by 2033-end. The market is predicted to expand at a CAGR of 7% from 2023 to 2033.

  • Rising demand for motors in the automotive and electric sectors is fueling the consumption of soft magnetic composites.
  • Application of soft magnetic composites in motors currently accounts for 60% share of the global market.

A uniform electrically insulating coating is applied to ferromagnetic powder particles to create soft magnetic composites. Soft magnetic composites are used in a variety of industries, from electronics to automotive and energy.

Iron is typically used in soft magnetic composites. The material is pre-mixed with compaction lubricant to smooth the route for compaction and ejection from the die. The lubricant is eliminated during heat treatment.

SMCs are commonly used to create lightweight, high-performance electromagnetic composites that are also affordable. The fabrication of vehicle parts such as traction motors, air conditioning compressors, pumps, onboard chargers, and other parts mostly uses these composite materials.

The benefits of soft magnetic composite materials are found in the powder's capacity to take on various shapes, which is easily accomplished with soft magnetic powders. The global market is being significantly impacted by ongoing product improvements, rising investments in the electrical industry, and rising sales of electric vehicles.

The market for soft magnetic composites will continue to be driven by the advantages of efficient output and good chemical characteristics. The market is predicted to grow due to the cost-effective features and compact designs associated with these materials, which are driving up demand for electromagnetic devices.

The market has grown significantly as a result of rising demand from the automotive and energy sectors. Furthermore, it is anticipated that the market for soft magnetic composites will rise over the coming years due to an increase in nuclear power plants and electrical appliances. The demand for solar panels has increased, creating a domino effect that has positively impacted the market space posture of SMCs, which may be attributed to the expansion of SMCs.

Nickel, zinc, and copper are found in an iron ore that is specifically used to make electrical steel. Due to the presence of these metals, it has a high electrical resistance. Because it increases the magnetism and energy absorption of soft magnetic composites, the product finds use in their production.

Report Attributes

Details

Soft Magnetic Composites Market Size (2023)

US$ 4.5 Billion

Projected Market Value (2033)

US$ 8.9 Billion

Global Market Growth Rate (2023 to 2033)

7% CAGR

Market Share of Silicon Ferrite (2023)

60%

Key Companies Profiled

  • Elna Magnetics
  • MMG Canada Limited
  • Hitachi Metals Ltd.
  • Electron Energy Corporation
  • Rio Tinto
  • Steward Advanced Materials
  • Arnold Magnetic Technologies Corporation
  • Magnetics
  • Dexter Magnetic Technologies, Inc.

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Which Key Factors are Pushing Consumption of Soft Magnetic Composites?

“Miniaturization of Electronic Devices”

The demand for smaller, more effective gadgets is what is driving the trend toward miniaturization. As a result, new manufacturing methods have been created, enabling the fabrication of thinner and more compact electronics. Additionally, the creation of smaller, more effective devices has been made possible by the use of novel materials with enhanced magnetic characteristics.

Over the past several years, the electronics industry has seen a significant trend toward the miniaturization of electronic devices. The rising need for portable electronic gadgets such as smartphones, laptops, and tablets has fueled this trend. Additionally, as electronic gadgets get smaller, there is a greater need for electronic components that are similarly smaller and more effective.

Transformers, inductors, and motors are just a few electronic parts that employ soft magnetic composites. These composites are perfect for miniature electronic devices because they have high magnetic permeability and low coercivity.

“Growing Sales of Electric Vehicles”

An increase in demand for electric vehicles and motors is boosting the demand for soft magnetic composites. One of the major drivers of demand growth is the increasing use of axial flux motors in electric vehicles, which is also boosting demand for soft magnetic composites. Growing usage of soft magnetic composites in electric vehicle component manufacturing and rising demand for energy-efficient electric motors and generators are the factors driving market demand.

What are the Roadblocks for Producers of SMCs?

“High Cost of Raw Materials”

The high cost of raw materials and stringent government regulations are limiting market expansion. The absence of consistent usage guidelines for soft magnetic composites is anticipated to restrain the market during the forecast period.

The use of soft magnetic composites is governed by a unique set of laws in each country. These county-specific limitations are challenging for businesses to follow, which deters investment in the soft magnetic composite market and restricts market growth throughout the forecast period.

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How are New Entrants Strengthening Their Market Position?

“New Companies Investing Heavily in R&D Efforts to Introduce Innovative Products”

Emerging market players are investing heavily in R&D efforts to introduce innovative products to enhance their share in the global soft magnetic composites market. They are focusing on the introduction of nanoparticle-based materials in the manufacturing of soft magnetic composites.

  • A start-up based in Switzerland, Magnes provides a range of micro-sized magnetic materials, from ultra-soft magnetic alloys to cutting-edge permanent magnets, with a variety of characteristics. Additionally, it offers services for designing and developing magnetic microsystems as well as advice in electrodeposition.

Soft Magnetic Composites Market Forecast by Fact.MR

Which Region Accounts for a Leading Position in the Soft Magnetic Composites Market?

“Rapid Expansion of Electrical Industry in Asia Pacific”

  • Asia Pacific accounts for 50% share of the global market in 2023.

Rise in the consumption of soft magnetic composites in the region is attributed to the growing electrical industry. The growing population and an increase in demand for electricity are boosting market growth. Transformer and motor demand are rising in the region due to rising electricity consumption.

Demand is particularly strong in developing countries that are placing a greater focus on domestic production. Over the projection period, it is predicted that increasing motor manufacturing would increase demand for soft magnetic composites in the region.

Know thy Competitors

Competitive landscape highlights only certain players
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Country-wise Insights

Why are Sales of SMCs Bolstering in the United States?

Presence of Top Producers of Soft Magnetic Composites

Market growth in the United States is attributed to the booming automotive sector and the presence of top producers of SMCs. Over the projection period, it is predicted that rising industrial activities would fuel demand for electric motors and ultimately soft magnetic composites.

The United States has a highly established infrastructure that makes it easier for new technology to be adopted. As magnetic materials are used in radar systems, missile guidance systems, and other electronic warfare applications, the aerospace and defense industry is another significant end-user of SMCs.

What is the Market Scenario for Soft Magnetic Composites in Japan?

“Market Players benefiting from Availability of Low-cost Labor”

The market in Japan is predicted to increase over the projection period due to the expansion of the construction industry. Rapid urbanization and the availability of low-cost labor are driving the demand for SMCs. Technological advancements in manufacturing techniques of soft magnetic composites and an increase in the sales of passenger and commercial vehicles are the factors supporting market expansion.

Will Germany Be an Investment-worthy Market for SMC Producers?

“Growing Government Investments in Electricity Distribution”

The market in Germany is expanding due to the rise in automobile component production and high demand for nanocrystalline soft magnetic materials. Increasing power generation industry and growing government investments in electricity distribution are driving market growth.

The market for SMCs in the country is driven by the strong demand for these materials for several applications, including high-performance industrial motors that are essential to industrial units. The rising demand for magnetic materials in the consumer electronics industry is boosting market value in the country.

Category-wise Insights

Why is Demand for Silicon Ferrite Gaining Traction?

“Silicon Ferrite Preferred Due to Its High Permeability

The market is segmented by product into iron powder, silicon ferrite, supermalloy, and permalloy. Silicon ferrite holds 60% of the global market.

Soft magnetic composites containing silicon ferrite are gaining prominence across regions owing to extensive utilization and rising demand. Positive network externalities are a key factor contributing to the rapid growth of silicon ferrite.

Key consumers of SMCs, such as Toshiba Corporation, Schneider Electric SA, and others, have utilized silicon ferrite in significant amounts. Due to the high saturation flux density and permeability requirements of noise filters, choke coils, and transformer magnetic cores, silicon ferrite is used in these components.

Which Application of Soft Magnetic Composites is Leading in Terms of Revenue Generation?

“Soft Magnetic Composites Widely Used in Motors Owing to High Electrical Resistivity”

Based on application, the market is segmented into transformers, inductors, motors, and generators.

Soft magnetic composites are widely used in axial-flux motors owing to their high electrical resistivity. The global need for advanced axial flow motors and electric vehicles is boosting the demand for soft magnetic composites.

The metallurgical powder technique, which delivers higher leniency and stiffness than the traditional way of stacking punched laminations, is used to create motor components. Magnetic sensors, impact printer heads, and actuators for valve control also employ SMCs. The market for SMCs is also anticipated to be driven by the rising demand for electric motors due to rapid industrialization and urbanization.

Competitive Landscape

Top producers of soft magnetic composites are also concentrating on market growth tactics by setting up new production facilities, acquiring other businesses, and working together with other market players. They are focusing on quality control, product standards, supply chain management, pricing trends, and new developments to introduce novel products following safety regulations.

For instance,

  • In 2019, the prominent metal powder and components supplier in the world, GKN Powder Metallurgy, acquired FORECAST 3D.

Key Segments of Soft Magnetic Composites Industry Research

  • By Product :

    • Iron Powder
    • Silicon Ferrite
    • Supermalloy
    • Permalloy
  • By Application :

    • Transformers
    • Inductors
    • Motors
    • Generators
  • By Region :

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Table of Content

1. Executive Summary

    1.1. Summary of Key Findings

    1.2. Summary of Statistics

    1.3. Fact.MR Analysis and Recommendations

2. Market Overview

    2.1. Market Introduction

    2.2. Market Definition

    2.3. Market Taxonomy

3. Market Risks & Trends Assessment

    3.1. COVID-19 Impact Benchmark with Previous Crisis

        3.1.1. Change in Soft Magnetic Composites Demand and Consumption Growth

        3.1.2. Before and After COVID-19 Crisis (Projected)

        3.1.3. Before and after SARS Pandemic (Actual)

        3.1.4. Before and After Sub-prime Crisis – 2008 (Actual)

        3.1.5. Change in Demand post Recovery Period (After Each Crisis)

    3.2. Impact on Market Value (US$ Mn)

        3.2.1. Likely Loss of Value in 2023

        3.2.2. Mid-term and Long Term Forecast

        3.2.3. Quarter by Quarter Dip and Recovery Assessment

    3.3. Anticipated Demand and Value Recovery Curve

        3.3.1. Likelihood of U-Shape Recovery

        3.3.2. Likelihood of L-Shape Recovery

    3.4. Recovery Period Assessment by Key Countries

4. Market Background and Associated Industry Indicators

    4.1. Historical Price Fluctuations of Soft Magnetic Composites

    4.2. Comparison of Soft Magnetic Composites

        4.2.1. By Type

        4.2.2. By Price

    4.3. Price Fluctuations of ferrite

    4.4. Market Penetration Analysis

        4.4.1. By Type

        4.4.2. By Region

    4.5. Global Power Industry Outlook

        4.5.1. Market Growth & Key Factors

        4.5.2. By Region

    4.6. Global Electrical Machinery Industry Outlook

    4.7. Soft Magnetic Composites Production Process

    4.8. Forecast Factors - Relevance & Impact for Soft Magnetic Composites

        4.8.1. Key Market Players Historic Growth

        4.8.2. Chemical Industry Growth Outlook

        4.8.3. Lubricants Market Growth

        4.8.4. Market Penetration

        4.8.5. Others

    4.9. Value Chain Analysis and Operating Margins

        4.9.1. List of Raw Material Suppliers

        4.9.2. List of Key Manufacturers

        4.9.3. List of End-users

        4.9.4. Profit Margins

        4.9.5. Notes on Value Added at Each Node in the Value Chain

    4.10. Market Dynamics

        4.10.1. Drivers

        4.10.2. Restraints and Market Risks

        4.10.3. Opportunity Analysis

5. Global Market Volume Demand Tons Analysis 2018-2022 and Forecast, 2023-2033

    5.1. Historical Market Volume Tons Analysis, 2018-2022

    5.2. Current and Future Market Volume Tons Projections, 2023-2033

        5.2.1. Y-o-Y Growth Trend Analysis

        5.2.2. Absolute $ Opportunity Analysis

6. Global Market - Pricing Analysis

    6.1. Regional Pricing Analysis

    6.2. Pricing Break-up

    6.3. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value or Size in US$ Mn) Analysis 2018-2022 and Forecast, 2023-2033

    7.1. Historical Market Value (US$ Mn) Analysis, 2018-2022

    7.2. Current and Future Market Value (US$ Mn) Projections, 2023-2033

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Product

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) and Volume Analysis By Product, 2018 - 2022

    8.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product, 2023 - 2033

        8.3.1. Iron Powder

        8.3.2. Silicon Ferrite

        8.3.3. Supermalloy

        8.3.4. Permalloy

    8.4. Market Attractiveness Analysis By Product

9. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Application

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2018 - 2022

    9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2023 - 2033

        9.3.1. Transformers

        9.3.2. Inductors

        9.3.3. Motors

        9.3.4. Generators

    9.4. Market Attractiveness Analysis By Application

10. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Region

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2018 - 2022

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2023-2033

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Europe

        10.3.4. Japan

        10.3.5. Asia Pacific Excluding Japan

        10.3.6. Middle East & Africa

11. North America Market Analysis 2018-2022 and Forecast 2023-2033

    11.1. Introduction

    11.2. Pricing Analysis

    11.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022

    11.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 - 2033

        11.4.1. By Country

            11.4.1.1. U.S.

            11.4.1.2. Canada

        11.4.2. By Product

        11.4.3. By Application

    11.5. Market Attractiveness Analysis

        11.5.1. By Country

        11.5.2. By Product

        11.5.3. By Application

    11.6. Market Trends

    11.7. Key Market Participants - Intensity Mapping

    11.8. Drivers and Restraints - Impact Analysis

12. Latin America Market Analysis 2018-2022 and Forecast 2023-2033

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022

    12.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 - 2033

        12.4.1. By Country

            12.4.1.1. Brazil

            12.4.1.2. Mexico

            12.4.1.3. Argentina

            12.4.1.4. Rest of Latin America

        12.4.2. By Product

        12.4.3. By Application

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By Product

        12.5.3. By Application

    12.6. Market Trends

    12.7. Key Market Participants - Intensity Mapping

    12.8. Drivers and Restraints - Impact Analysis

13. Europe Market Analysis 2018-2022 and Forecast 2023-2033

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022

    13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 - 2033

        13.4.1. By Country

            13.4.1.1. EU-4

            13.4.1.2. U.K

            13.4.1.3. Nordic

            13.4.1.4. BENELUX

            13.4.1.5. Russia

            13.4.1.6. Rest of Europe

        13.4.2. By Product

        13.4.3. By Application

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Product

        13.5.3. By Application

    13.6. Market Trends

    13.7. Key Market Participants - Intensity Mapping

    13.8. Drivers and Restraints - Impact Analysis

14. Japan Market Analysis 2018-2022 and Forecast 2023-2033

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022

    14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 - 2033

        14.4.1. By Product

        14.4.2. By Application

    14.5. Market Attractiveness Analysis

        14.5.1. By Product

        14.5.2. By Application

    14.6. Market Trends

    14.7. Key Market Participants - Intensity Mapping

    14.8. Drivers and Restraints - Impact Analysis

15. Asia Pacific Excluding Japan Market Analysis 2018-2022 and Forecast 2023-2033

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022

    15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 - 2033

        15.4.1. By Country

            15.4.1.1. China

            15.4.1.2. India

            15.4.1.3. ASEAN

            15.4.1.4. Malaysia

            15.4.1.5. Australia & New Zealand

            15.4.1.6. Rest of Asia Pacific Excluding Japan

        15.4.2. By Country

        15.4.3. By Product

        15.4.4. By Application

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Product

        15.5.3. By Application

    15.6. Market Trends

    15.7. Key Market Participants - Intensity Mapping

    15.8. Drivers and Restraints - Impact Analysis

16. Middle East and Africa Market Analysis 2018-2022 and Forecast 2023-2033

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018 - 2022

    16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023 - 2033

        16.4.1. By Country

            16.4.1.1. GCC Countries

            16.4.1.2. South Africa

            16.4.1.3. Rest of Middle East and Africa

        16.4.2. By Country

        16.4.3. By Product

        16.4.4. By Application

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Product

        16.5.3. By Application

    16.6. Market Trends

    16.7. Key Market Participants - Intensity Mapping

    16.8. Drivers and Restraints - Impact Analysis

17. Key Countries Market Analysis 2018-2022 and Forecast 2023-2033

    17.1. Introduction

        17.1.1. Market Value Proportion Analysis, By Key Countries

        17.1.2. Global Vs. Country Growth Comparison

    17.2. U.S. Market Analysis

        17.2.1. Pricing Analysis

        17.2.2. Market Value Proportion Analysis by Market Taxonomy

        17.2.3. Market Value (US$ Mn) and Volume Analysis and Forecast by Market Taxonomy

            17.2.3.1. By Product

            17.2.3.2. By Application

    17.3. Canada Market Analysis

        17.3.1. Pricing Analysis

        17.3.2. Market Value Proportion Analysis by Market Taxonomy

        17.3.3. Market Value (US$ Mn) and Volume Analysis and Forecast by Market Taxonomy

            17.3.3.1. By Product

            17.3.3.2. By Application

    17.4. Germany Market Analysis

        17.4.1. Pricing Analysis

        17.4.2. Market Value Proportion Analysis by Market Taxonomy

        17.4.3. Market Value (US$ Mn) and Volume Analysis and Forecast by Market Taxonomy

            17.4.3.1. By Product

            17.4.3.2. By Application

    17.5. France Market Analysis

        17.5.1. Pricing Analysis

        17.5.2. Market Value Proportion Analysis by Market Taxonomy

        17.5.3. Market Value (US$ Mn) and Volume Analysis and Forecast by Market Taxonomy

            17.5.3.1. By Product

            17.5.3.2. By Application

    17.6. Austria Market Analysis

        17.6.1. Pricing Analysis

        17.6.2. Market Value Proportion Analysis by Market Taxonomy

        17.6.3. Market Value (US$ Mn) and Volume Analysis and Forecast by Market Taxonomy

            17.6.3.1. By Product

            17.6.3.2. By Application

    17.7. BENELUX Market Analysis

        17.7.1. Pricing Analysis

        17.7.2. Market Value Proportion Analysis by Market Taxonomy

        17.7.3. Market Value (US$ Mn) and Volume Analysis and Forecast by Market Taxonomy

            17.7.3.1. By Product

            17.7.3.2. By Application

    17.8. Russia Market Analysis

        17.8.1. Pricing Analysis

        17.8.2. Market Value Proportion Analysis by Market Taxonomy

        17.8.3. Market Value (US$ Mn) and Volume Analysis and Forecast by Market Taxonomy

            17.8.3.1. By Product

            17.8.3.2. By Application

    17.9. India Market Analysis

        17.9.1. Pricing Analysis

        17.9.2. Market Value Proportion Analysis by Market Taxonomy

        17.9.3. Market Value (US$ Mn) and Volume Analysis and Forecast by Market Taxonomy

            17.9.3.1. By Product

            17.9.3.2. By Application

    17.10. Malaysia Market Analysis

        17.10.1. Pricing Analysis

        17.10.2. Market Value Proportion Analysis by Market Taxonomy

        17.10.3. Market Value (US$ Mn) and Volume Analysis and Forecast by Market Taxonomy

            17.10.3.1. By Product

            17.10.3.2. By Application

    17.11. China Market Analysis

        17.11.1. Pricing Analysis

        17.11.2. Market Value Proportion Analysis by Market Taxonomy

        17.11.3. Market Value (US$ Mn) and Volume Analysis and Forecast by Market Taxonomy

            17.11.3.1. By Product

            17.11.3.2. By Application

    17.12. South Korea Market Analysis

        17.12.1. Pricing Analysis

        17.12.2. Market Value Proportion Analysis by Market Taxonomy

        17.12.3. Market Value (US$ Mn) and Volume Analysis and Forecast by Market Taxonomy

            17.12.3.1. By Product

            17.12.3.2. By Application

18. Market Structure Analysis

    18.1. Market Analysis by Tier of Companies (Soft Magnetic Composites)

    18.2. Market Concentration

    18.3. Market Share Analysis of Top Players

19. Competition Analysis

    19.1. Competition Dashboard

    19.2. Competition Benchmarking

    19.3. Competition Deep Dive

        19.3.1. GKN plc. (Hoeganaes Corporation)

            19.3.1.1. Overview

            19.3.1.2. Product Portfolio

            19.3.1.3. Profitability by Market Segments (Product/Region)

            19.3.1.4. Sales Footprint

            19.3.1.5. Strategy Overview

        19.3.2. Rio Tinto PLC

            19.3.2.1. Overview

            19.3.2.2. Product Portfolio

            19.3.2.3. Profitability by Market Segments (Product/Region)

            19.3.2.4. Sales Footprint

            19.3.2.5. Strategy Overview

        19.3.3. Höganäs AB

            19.3.3.1. Overview

            19.3.3.2. Product Portfolio

            19.3.3.3. Profitability by Market Segments (Product/Region)

            19.3.3.4. Sales Footprint

            19.3.3.5. Strategy Overview

        19.3.4. Voestalpine Stahl GmbH

            19.3.4.1. Overview

            19.3.4.2. Product Portfolio

            19.3.4.3. Profitability by Market Segments (Product/Region)

            19.3.4.4. Sales Footprint

            19.3.4.5. Strategy Overview

        19.3.5. Hitachi Metals Ltd

            19.3.5.1. Overview

            19.3.5.2. Product Portfolio

            19.3.5.3. Profitability by Market Segments (Product/Region)

            19.3.5.4. Sales Footprint

            19.3.5.5. Strategy Overview

        19.3.6. Toshiba Corp (Toshiba Materials Co., Ltd.)

            19.3.6.1. Overview

            19.3.6.2. Product Portfolio

            19.3.6.3. Profitability by Market Segments (Product/Region)

            19.3.6.4. Sales Footprint

            19.3.6.5. Strategy Overview

        19.3.7. Sumitomo Metal Mining Co., Ltd.

            19.3.7.1. Overview

            19.3.7.2. Product Portfolio

            19.3.7.3. Profitability by Market Segments (Product/Region)

            19.3.7.4. Sales Footprint

            19.3.7.5. Strategy Overview

        19.3.8. VACUUMSCHMELZE GmbH & Co. KG

            19.3.8.1. Overview

            19.3.8.2. Product Portfolio

            19.3.8.3. Profitability by Market Segments (Product/Region)

            19.3.8.4. Sales Footprint

            19.3.8.5. Strategy Overview

        19.3.9. PMG Holding GmbH

            19.3.9.1. Overview

            19.3.9.2. Product Portfolio

            19.3.9.3. Profitability by Market Segments (Product/Region)

            19.3.9.4. Sales Footprint

            19.3.9.5. Strategy Overview

        19.3.10. Hengdian Group DMEGC Magnetics Co., Ltd.

            19.3.10.1. Overview

            19.3.10.2. Product Portfolio

            19.3.10.3. Profitability by Market Segments (Product/Region)

            19.3.10.4. Sales Footprint

            19.3.10.5. Strategy Overview

        19.3.11. Others

            19.3.11.1. Overview

            19.3.11.2. Product Portfolio

            19.3.11.3. Profitability by Market Segments (Product/Region)

            19.3.11.4. Sales Footprint

            19.3.11.5. Strategy Overview

20. Assumptions and Acronyms Used

21. Research Methodology

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List Of Table

TABLE 1: Global Market Value (US$ Mn) & Volume, 2018-2022

TABLE 2: Global Market Value (US$ Mn) & Volume, 2023-2033

TABLE 3: Global Market Value (US$ Mn) & Volume and Y-o-Y, 2023-2033

TABLE 4: Global Silicon Ferrite Segment Value (US$ Mn) & Volume, By Region 2018-2022

TABLE 5: Global Silicon Ferrite Segment Value (US$ Mn) & Volume, By Region 2023-2033

TABLE 6: Global Silicon Ferrite Segment Market Share, By Region 2018-2022

TABLE 7: Global Silicon Ferrite Segment Market Share, By Region 2023-2033

TABLE 8: Global Silicon Ferrite Segment Y-o-Y, By Region 2023-2033

TABLE 9: Global Iron Powder Segment Value (US$ Mn) & Volume, By Region 2018-2022

TABLE 10: Global Iron Powder Segment Value (US$ Mn) & Volume, By Region 2023-2033

TABLE 11: Global Iron Powder Segment Market Share, By Region 2018-2022

TABLE 12: Global Iron Powder Segment Market Share, By Region 2023-2033

TABLE 13: Global Iron Powder Segment Y-o-Y, By Region 2023-2033

TABLE 14: Global Transformers Segment Value (US$ Mn) & Volume, By Region 2018-2022

TABLE 15: Global Transformers Segment Value (US$ Mn) & Volume, By Region 2023-2033

TABLE 16: Global Transformers Segment Market Share, By Region 2018-2022

TABLE 17: Global Transformers Segment Market Share, By Region 2023-2033

TABLE 18: Global Transformers Segment Y-o-Y, By Region 2023-2033

TABLE 19: Global Transmission Transformers Segment Value (US$ Mn) & Volume, By Region 2018-2022

TABLE 20: Global Transmission Transformers Segment Value (US$ Mn) & Volume, By Region 2023-2033

TABLE 21: Global Transmission Transformers Segment Market Share, By Region 2018-2022

TABLE 22: Global Transmission Transformers Segment Market Share, By Region 2023-2033

TABLE 23: Global Transmission Transformers Segment Y-o-Y, By Region 2023-2033

TABLE 24: Global Portable Transformers Segment Value (US$ Mn) & Volume, By Region 2018-2022

TABLE 25: Global Portable Transformers Segment Value (US$ Mn) & Volume, By Region 2023-2033

TABLE 26: Global Portable Transformers Segment Market Share, By Region 2018-2022

TABLE 27: Global Portable Transformers Segment Market Share, By Region 2023-2033

TABLE 28: Global Portable Transformers Segment Y-o-Y, By Region 2023-2033

TABLE 29: Global Distribution Transformers Segment Value (US$ Mn) & Volume, By Region 2018-2022

TABLE 30: Global Distribution Transformers Segment Value (US$ Mn) & Volume, By Region 2023-2033

TABLE 31: Global Distribution Transformers Segment Market Share, By Region 2018-2022

TABLE 32: Global Distribution Transformers Segment Market Share, By Region 2023-2033

TABLE 33: Global Distribution Transformers Segment Y-o-Y, By Region 2023-2033

TABLE 34: Global Motors Segment Value (US$ Mn) & Volume, By Region 2018-2022

TABLE 35: Global Motors Segment Value (US$ Mn) & Volume, By Region 2023-2033

TABLE 36: Global Motors Segment Market Share, By Region 2018-2022

TABLE 37: Global Motors Segment Market Share, By Region 2023-2033

TABLE 38: Global Motors Segment Y-o-Y, By Region 2023-2033

TABLE 39: Global 1 HP - 100 HP Motors Segment Value (US$ Mn) & Volume, By Region 2018-2022

TABLE 40: Global 1 HP - 100 HP Motors Segment Value (US$ Mn) & Volume, By Region 2023-2033

TABLE 41: Global 1 HP - 100 HP Motors Segment Market Share, By Region 2018-2022

TABLE 42: Global 1 HP - 100 HP Motors Segment Market Share, By Region 2023-2033

TABLE 43: Global 1 HP - 100 HP Motors Segment Y-o-Y, By Region 2023-2033

TABLE 44: Global 101 HP - 200 HP Motors Segment Value (US$ Mn) & Volume, By Region 2018-2022

TABLE 45: Global 101 HP - 200 HP MotorsSegment Value (US$ Mn) & Volume, By Region 2023-2033

TABLE 46: Global 101 HP - 200 HP Motors Segment Market Share, By Region 2018-2022

TABLE 47: Global 101 HP - 200 HP Motors Segment Market Share, By Region 2023-2033

TABLE 48: Global 101 HP - 200 HP Motors Segment Y-o-Y, By Region 2023-2033

TABLE 49: Global 201 HP - 500 HP Motors Segment Value (US$ Mn) & Volume, By Region 2018-2022

TABLE 50: Global 201 HP - 500 HP MotorsSegment Value (US$ Mn) & Volume, By Region 2023-2033

TABLE 51: Global 201 HP - 500 HP Motors Segment Market Share, By Region 2018-2022

TABLE 52: Global 201 HP - 500 HP Motors Segment Market Share, By Region 2023-2033

TABLE 53: Global 201 HP - 500 HP Motors Segment Y-o-Y, By Region 2023-2033

TABLE 54: Global 501 HP - 1000 HP Motors Segment Value (US$ Mn) & Volume, By Region 2018-2022

TABLE 55: Global 501 HP - 1000 HP Motors Segment Value (US$ Mn) & Volume, By Region 2023-2033

TABLE 56: Global 501 HP - 1000 HP Motors Segment Market Share, By Region 2018-2022

TABLE 57: Global 501 HP - 1000 HP Motors Segment Market Share, By Region 2023-2033

TABLE 58: Global 501 HP - 1000 HP Motors Segment Y-o-Y, By Region 2023-2033

TABLE 59: Global Above 1000 HP Motors Segment Value (US$ Mn) & Volume, By Region 2018-2022

TABLE 60: Global Above 1000 HP MotorsSegment Value (US$ Mn) & Volume, By Region 2023-2033

TABLE 61: Global Above 1000 HP Motors Segment Market Share, By Region 2018-2022

TABLE 62: Global Above 1000 HP Motors Segment Market Share, By Region 2023-2033

TABLE 63: Global Above 1000 HP Motors Segment Y-o-Y, By Region 2023-2033

TABLE 64: Global Inductors Segment Value (US$ Mn) & Volume, By Region 2018-2022

TABLE 65: Global Inductors Segment Value (US$ Mn) & Volume, By Region 2023-2033

TABLE 66: Global Inductors Segment Market Share, By Region 2018-2022

TABLE 67: Global Inductors Segment Market Share, By Region 2023-2033

TABLE 68: Global Inductors Segment Y-o-Y, By Region 2023-2033

TABLE 69: Global Generators Segment Value (US$ Mn) & Volume, By Region 2018-2022

TABLE 70: Global Generators Segment Value (US$ Mn) & Volume, By Region 2023-2033

TABLE 71: Global Generators Segment Market Share, By Region 2018-2022

TABLE 72: Global Generators Segment Market Share, By Region 2023-2033

TABLE 73: Global Generators Segment Y-o-Y, By Region 2023-2033

TABLE 74: North America Market Value (US$ Mn) & Volume, By Country 2018-2022

TABLE 75: North America Market Value (US$ Mn) & Volume, By Country 2023-2033

TABLE 76: North America Market Value (US$ Mn) & Volume, By Product 2018-2022

TABLE 77: North America Market Value (US$ Mn) & Volume, By Product 2023-2033

TABLE 78: North America Market Value (US$ Mn) & Volume, By Application 2018-2022

TABLE 79: North America Market Value (US$ Mn) & Volume, By Application 2023-2033

TABLE 80: Latin America Market Value (US$ Mn) & Volume, By Country 2018-2022

TABLE 81: Latin America Market Value (US$ Mn) & Volume, By Country 2023-2033

TABLE 82: Latin America Market Value (US$ Mn) & Volume, By Product 2018-2022

TABLE 83: Latin America Market Value (US$ Mn) & Volume, By Product 2023-2033

TABLE 84: Latin America Market Value (US$ Mn) & Volume, By Application 2018-2022

TABLE 85: Latin America Market Value (US$ Mn) & Volume, By Application 2023-2033

TABLE 86: Europe Market Value (US$ Mn) & Volume, By Country 2018-2022

TABLE 87: Europe Market Value (US$ Mn) & Volume, By Country 2023-2033

TABLE 88: Europe Market Value (US$ Mn) & Volume, By Product 2018-2022

TABLE 89: Europe Market Value (US$ Mn) & Volume, By Product 2023-2033

TABLE 90: Europe Market Value (US$ Mn) & Volume, By Application 2018-2022

TABLE 91: Europe Market Value (US$ Mn) & Volume, By Application 2023-2033

TABLE 92: Japan Market Value (US$ Mn) & Volume, By Country 2018-2022

TABLE 93: Japan Market Value (US$ Mn) & Volume, By Country 2023-2033

TABLE 94: Japan Market Value (US$ Mn) & Volume, By Product 2018-2022

TABLE 95: Japan Market Value (US$ Mn) & Volume, By Product 2023-2033

TABLE 96: Japan Market Value (US$ Mn) & Volume, By Application 2018-2022

TABLE 97: Japan Market Value (US$ Mn) & Volume, By Application 2023-2033

TABLE 98: APEJ Market Value (US$ Mn) & Volume, By Country 2018-2022

TABLE 99: APEJ Market Value (US$ Mn) & Volume, By Country 2023-2033

TABLE 100: APEJ Market Value (US$ Mn) & Volume, By Product 2018-2022

TABLE 101: APEJ Market Value (US$ Mn) & Volume, By Product 2023-2033

TABLE 102: APEJ Market Value (US$ Mn) & Volume, By Application 2018-2022

TABLE 103: APEJ Market Value (US$ Mn) & Volume, By Application 2023-2033

TABLE 104: MEA Market Value (US$ Mn) & Volume, By Country 2018-2022

TABLE 105: MEA Market Value (US$ Mn) & Volume, By Country 2023-2033

TABLE 106: MEA Market Value (US$ Mn) & Volume, By Product 2018-2022

TABLE 107: MEA Market Value (US$ Mn) & Volume, By Product 2023-2033

TABLE 108: MEA Market Value (US$ Mn) & Volume, By Application 2018-2022

TABLE 109: MEA Market Value (US$ Mn) & Volume, By Application 2023-2033

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List Of Figures

Figure: 1 Global Market Value (US$ Mn), 2018-2022

Figure: 2 Global Market Value (US$ Mn) Forecast, 2023-2033

Figure: 3 Global Market Value (US$ Mn) and Y-o-Y, 2023-2033

Figure: 4 Global Iron Powder Segment Market Value (US$ Mn) By Region, 2018-2022

Figure: 5 Global Iron Powder Segment Market Value (US$ Mn) By Region, 2023-2033

Figure: 6 Global Silicon Ferrite Segment Y-o-Y Growth Rate, By Region, 2023-2033

Figure: 7 Global Silicon Ferrite Segment Market Value (US$ Mn) By Region, 2018-2022

Figure: 8 Global Supermalloy Segment Market Value (US$ Mn) By Region, 2023-2033

Figure: 9 Global Supermalloy Segment Y-o-Y Growth Rate, By Region, 2023-2033

Figure: 10 Global Transformers Segment Market Value (US$ Mn) By Region, 2018-2022

Figure: 11 Global Transformers Segment Market Value (US$ Mn) By Region, 2023-2033

Figure: 12 Global Transformers Segment Y-o-Y Growth Rate, By Region, 2023-2033

Figure: 13 Global Transmission Transformers Segment Market Value (US$ Mn) By Region, 2018-2022

Figure: 14 Global Transmission Transformers Segment Market Value (US$ Mn) By Region, 2023-2033

Figure: 15 Global Transmission Transformers Segment Y-o-Y Growth Rate, By Region, 2023-2033

Figure: 16 Global Portable Transformers Segment Market Value (US$ Mn) By Region, 2018-2022

Figure: 17 Global Portable Transformers Segment Market Value (US$ Mn) By Region, 2023-2033

Figure: 18 Global Portable Transformers Segment Y-o-Y Growth Rate, By Region, 2023-2033

Figure: 19 Global Distribution Transformers Segment Market Value (US$ Mn) By Region, 2018-2022

Figure: 20 Global Distribution Transformers Segment Market Value (US$ Mn) By Region, 2023-2033

Figure: 21 Global Distribution Transformers Segment Y-o-Y Growth Rate, By Region, 2023-2033

Figure: 22 Global Motors Segment Market Value (US$ Mn) By Region, 2018-2022

Figure: 23 Global Motors Segment Market Value (US$ Mn) By Region, 2023-2033

Figure: 24 Global Motors Segment Y-o-Y Growth Rate, By Region, 2023-2033

Figure: 25 Global 1 HP - 100 HP Motors Segment Market Value (US$ Mn) By Region, 2018-2022

Figure: 26 Global 1 HP - 100 HP Motors Segment Market Value (US$ Mn) By Region, 2023-2033

Figure: 27 Global 1 HP - 100 HP Motors Segment Y-o-Y Growth Rate, By Region, 2023-2033

Figure: 28 Global 101 HP - 200 HP Motors Segment Market Value (US$ Mn) By Region, 2018-2022

Figure: 29 Global 101 HP - 200 HP Motors Segment Market Value (US$ Mn) By Region, 2023-2033

Figure: 30 Global 101 HP - 200 HP Motors Segment Y-o-Y Growth Rate, By Region, 2023-2033

Figure: 31 Global 201 HP - 500 HP Motors Segment Market Value (US$ Mn) By Region, 2018-2022

Figure: 32 Global 201 HP - 500 HP Motors Segment Market Value (US$ Mn) By Region, 2023-2033

Figure: 33 Global 201 HP - 500 HP Motors Segment Y-o-Y Growth Rate, By Region, 2023-2033

Figure: 34 Global 501 HP - 1000 HP Motors Segment Market Value (US$ Mn) By Region, 2018-2022

Figure: 35 Global 501 HP - 1000 HP Motors Segment Market Value (US$ Mn) By Region, 2023-2033

Figure: 36 Global 501 HP - 1000 HP Motors Segment Y-o-Y Growth Rate, By Region, 2023-2033

Figure: 37 Global Above 1000 HP Motors Segment Market Value (US$ Mn) By Region, 2018-2022

Figure: 38 Global Above 1000 HP Motors Segment Market Value (US$ Mn) By Region, 2023-2033

Figure: 39 Global Above 1000 HP Motors Segment Y-o-Y Growth Rate, By Region, 2023-2033

Figure: 40 Global Inductors Segment Market Value (US$ Mn) By Region, 2018-2022

Figure: 41 Global Inductors Segment Market Value (US$ Mn) By Region, 2023-2033

Figure: 42 Global Inductors Segment Y-o-Y Growth Rate, By Region, 2023-2033

Figure: 43 Global Generators Segment Market Value (US$ Mn) By Region, 2018-2022

Figure: 44 Global Generators Segment Market Value (US$ Mn) By Region, 2023-2033

Figure: 45 Global Generators Segment Y-o-Y Growth Rate, By Region, 2023-2033

Figure: 46 North America Market Value (US$ Mn), By Country 2018-2022

Figure: 47 North America Market Value (US$ Mn), By Country 2023-2033

Figure: 48 North America Market Value (US$ Mn), By Product 2018-2022

Figure: 49 North America Market Value (US$ Mn), By Product 2023-2033

Figure: 50 North America Market Value (US$ Mn), By Application 2018-2022

Figure: 51 North America Market Value (US$ Mn), By Application 2023-2033

Figure: 52 Latin America Market Value (US$ Mn), By Country 2018-2022

Figure: 53 Latin America Market Value (US$ Mn), By Country 2023-2033

Figure: 54 Latin America Market Value (US$ Mn), By Product 2018-2022

Figure: 55 Latin America Market Value (US$ Mn), By Product 2023-2033

Figure: 56 Latin America Market Value (US$ Mn), By Application 2018-2022

Figure: 57 Latin America Market Value (US$ Mn), By Application 2023-2033

Figure: 58 Europe Market Value (US$ Mn), By Country 2018-2022

Figure: 59 Europe Market Value (US$ Mn), By Country 2023-2033

Figure: 60 Europe Market Value (US$ Mn), By Product 2018-2022

Figure: 61 Europe Market Value (US$ Mn), By Product 2023-2033

Figure: 62 Europe Market Value (US$ Mn), By Application 2018-2022

Figure: 63 Europe Market Value (US$ Mn), By Application 2023-2033

Figure: 64 Japan Market Value (US$ Mn), By Country 2018-2022

Figure: 65 Japan Market Value (US$ Mn), By Country 2023-2033

Figure: 66 Japan Market Value (US$ Mn), By Product 2018-2022

Figure: 67 Japan Market Value (US$ Mn), By Product 2023-2033

Figure: 68 Japan Market Value (US$ Mn), By 2018-2022

Figure: 69 Japan Market Value (US$ Mn), By Application 2023-2033

Figure: 70 APEJ Market Value (US$ Mn), By Country 2018-2022

Figure: 71 APEJ Market Value (US$ Mn), By Country 2023-2033

Figure: 72 APEJ Market Value (US$ Mn), By Product 2018-2022

Figure: 73 APEJ Market Value (US$ Mn), By Product 2023-2033

Figure: 74 APEJ Market Value (US$ Mn), By Application 2018-2022

Figure: 75 APEJ Market Value (US$ Mn), By Application 2023-2033

Figure: 76 MEA Market Value (US$ Mn), By Country 2018-2022

Figure: 77 MEA Market Value (US$ Mn), By Country 2023-2033

Figure: 78 MEA Market Value (US$ Mn), By Product 2018-2022

Figure: 79 MEA Market Value (US$ Mn), By Product 2023-2033

Figure: 80 MEA Market Value (US$ Mn), By Application 2018-2022

Figure: 81 MEA Market Value (US$ Mn), By Application 2023-2033

Figure 82: United States Market Value Share, by Product (2023 E to 2033 F)

Figure 83: United States Market Value Share, by Application (2023 E to 2033 F)

Figure 84: Canada Market Value Share, by Product (2023 E to 2033 F)

Figure 85: Canada Market Value Share, by Application (2023 E to 2033 F)

Figure 86: Germany Market Value Share, by Product (2023 E to 2033 F)

Figure 87: Germany Market Value Share, by Application (2023 E to 2033 F)

Figure 88: France Market Value Share, by Product (2023 E to 2033 F)

Figure 89: France Market Value Share, by Application (2023 E to 2033 F)

Figure 90: BENELUX Market Value Share, by Product (2023 E to 2033 F)

Figure 91: BENELUX Market Value Share, by Application (2023 E to 2033 F)

Figure 92: Russia Market Value Share, by Product (2023 E to 2033 F)

Figure 93: Russia Market Value Share, by Application (2023 E to 2033 F)

Figure 94: India Market Value Share, by Product (2023 E to 2033 F)

Figure 95: India Market Value Share, by Application (2023 E to 2033 F)

Figure 96: Malaysia Market Value Share, by Product (2023 E to 2033 F)

Figure 97: Malaysia Market Value Share, by Application (2023 E to 2033 F)

Figure 98: China Market Value Share, by Product (2023 E to 2033 F)

Figure 99: China Market Value Share, by Application (2023 E to 2033 F)

Figure 100: Japan Market Value Share, by Product (2023 E to 2033 F)

Figure 101: Japan Market Value Share, by Application (2023 E to 2033 F)

Figure 102: South Korea Market Value Share, by Product (2023 E to 2033 F)

Figure 103: South Korea Market Value Share, by Application (2023 E to 2033 F)

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- FAQs -

What is the value of the soft magnetic composites market?

The global soft magnetic composites market is valued at US$ 4.5 billion in 2023.

What is the forecasted size of the market for soft magnetic composites for 2033?

Sales of soft magnetic composites are forecasted to reach US$ 8.9 billion by 2033.

What is the estimated CAGR for the SMCs market from 2023 to 2033?

Demand for soft magnetic composites is set to increase at a CAGR of 7% through 2033.

Which product accounts for a prominent market share?

Currently, silicon ferrite holds 60% share of the global market.

Who are the prominent suppliers of soft magnetic composites?

Elna Magnetics, MMG Canada Limited, and Hitachi Metals Ltd. are key providers of soft magnetic composites.

Soft Magnetic Composites (SMCs) Market

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