Soft Magnetic Material Market
Soft Magnetic Material Market by Application (Transformers, Motors, Inductors, and Generators) By Region - Global Market Report (2024 to 2034)
Analysis of Soft Magnetic Material Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Soft Magnetic Material Market Outlook (2024 to 2034)
The soft magnetic material market size reached US$ 63.42 billion in 2024. Over the forecast period, soft magnetic material demand is anticipated to rise at a 7.8% CAGR. Total market value is predicted to increase from US$ 134.40 billion by 2034.
Demand for soft magnetic materials has grown severely in recent years due to increasing industry demand and technological developments.
Key Market Growth Drivers
- The global demand for soft magnetic materials is expected to increase due to expanding power distribution and rising demand for motors in various applications, particularly medical equipment.
- Innovations in renewable energy harvesting, increased investments in the power distribution industry, and the growing demand for electric automobiles are driving the soft magnetic materials market's growth.
- Global demand for soft magnetic materials is driven by rising investments in producing electric vehicles and power transmission equipment, including generators, motors, and transformers.
- Global advancements in electrification, renewable energy, and electric mobility impact the soft magnetic material industry despite obstacles such as cost competitiveness and the requirement for high-performance materials.
- Advancements in electric motors and telecommunications in developed regions are driving the demand for advanced materials, which are expected to drive the soft magnetic material market for the forthcoming decade.
Soft magnetic materials, known for their low coercivity, high permeability, electrical resistivity, corrosion resistance, formability, ease of magnetization, and temperature range, are expected to experience market expansion due to increasing demand for motors in electric vehicles and medical equipment and power distribution growth.
| Report Attributes | Details |
|---|---|
| Estimated Market Value (2024E) | US$ 63.42 billion |
| Forecasted Market Value (2034F) | US$ 134.40 billion |
| Global Market Growth Rate (2024 to 2034) | 7.8% CAGR |
| Motors Segment Growth Rate (2024 to 2034) | 7.9% |
| North America Market Share (2024) | 28.6% |
| East Asia Market Share (2024) | 36.5% |
| Key Companies Profiled | Arnold Magnetic Technologies; GKN Sinter Metals Engineering GmbH; Hitachi Metals Group; JFE Steel Group; Mahindra CIE; MATE CO., LTD; Meyer Sintermetall AG; Sintered Specialties, LLC; Steward Advanced Materials LLC; VACUUMSCHMELZE GmbH & Co. KG; NBTM New Materials; POCO; TDK; DMEGC; MAGNETICS; TDG; Acme Electronics; FERROXCUBE; Nanjing New Conda; Haining Lianfeng; JPMF; Kaiyuan; Samwha Electronics |
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Which Factors Have Driven the Global Surge in Soft Magnetic Material Industry?
“Rising Electronic Devices Production Upsurge the Soft Magnetic Material Demand”
The global market for soft magnetic materials is expected to grow significantly over the next decade due to remarkable progress in developed-region telecommunications and electric motors. The advancement of advanced technologies and novel manufacturing processes has dramatically aided the expansion of this market. Soft magnetic materials, which are used in the production of electric motors, are becoming more popular as the demand for energy-efficient and eco-friendly technologies develops.
Low coercivity, high permeability, electrical resistivity, corrosion resistance, formability, ease of magnetization, and a useful temperature range make soft magnetic materials highly desirable. The need for motors in the power sector is anticipated to increase due to population growth, the quick development of infrastructure, remote access to electricity in developing nations, and the rise in manufacturing activities.
These developments have increased the demand for advanced materials that provide high performance and energy efficiency. Soft magnetic materials have heightened magnetic permeability and low coercive force, making them ideal for transformers, motors, and generators. Soft magnetic materials' growing prevalence in electronic and electrical equipment is expected to drive market growth in the coming decade.
“Healthcare Sector Demands the Soft Magnetic Material Machinery”
The market for soft magnetic materials is expected to grow, especially due to the high demand for motors in various applications, primarily medical equipment, and the growing need for power distribution. Power infrastructure is expanding due to organizations embracing technology, which calls for effective soft magnetic materials for transformers and related parts. Due to their ability to reduce energy losses during magnetic flux cycles, these materials are essential for improving the functionality of electrical devices.
The expected soft magnetic material industry development is greatly influenced by the growing demand for motors, particularly in the medical equipment industry. Accurate and dependable motor-driven equipment use in the medical field is growing. These devices include imaging systems, diagnostic tools, and robotically assisted surgeries. Developing high-performance, compact, and energy-efficient motors is made possible by soft magnetic materials and is essential for these applications.
The market for soft magnetic materials is positioned to be a major contributor to the changing face of technology-driven industries due to the convergence of the increasing need for advanced motors and the expanding requirements for power distribution. The soft magnetic materials market is anticipated to grow rapidly as it integrates into the infrastructure that drives contemporary innovations, especially in the medical sector.
Which Factors Present Challenges to the Soft Magnetic Material Market Growth?
“Growing Row Material Expenditure Limits the Soft Magnetic Materials Demand”
The soft magnetic materials market is encountering challenges due to unanticipated fluctuations in raw material prices, which disrupt the supply chain and pose a substantial threat to manufacturers. These variations may result in higher production costs, which would impact the overall economics of manufacturing processes as well as the growth track of the market.
The unstable supply chain environment impacts the availability of raw materials, inventory control, and production scheduling, which makes manufacturing operations difficult. This may make it more difficult to maintain pricing stability and cost competitiveness.
Market players monitor trends, work with suppliers, implement agile business models, and take a strategic approach involving risk mitigation, supplier diversification, and innovative procurement practices to overcome obstacles in the market for soft magnetic materials.
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Country-wise Insights
North America's soft magnetic material sector is expected to increase at an impressive annual rate of 8.0% by 2034. Soft magnetic composites are expected to account for 71.7% of the industry in the United States in 2024. Meanwhile, the East Asian soft magnetic composites sector is predicted to increase at an 8.3% CAGR until 2034. China is expected to hold the greatest share of the East Asian market for soft magnetic materials in 2024, with a market share of 56.9%.
Why is the United States Controlling the Global Soft Magnetic Material Market?
“Rigid Healthcare Infrastructure Spurs the United States’ Soft Magnetic Material Demand”
The need for soft magnetic materials is predicted to rise significantly in the United States, with a market value of US$ 13,005.1 million estimated in 2024. Furthermore, the predicted CAGR during the projection period is 8.3%. By 2034, this expected increase would result in a market value of US$ 28,747.2 million.
The soft magnetic materials industry is a critical sector that profoundly impacts the global economy. The United States, being a frontrunner in this industry, is poised to lead due to its extensive research capabilities, manufacturing expertise, and industrial infrastructure scale. The country's track record of efficiently producing high-quality materials has increased the demand for soft magnetic materials, making them a crucial component of the United States economy.
The United States is strategically positioned to dominate the soft magnetic composites industry, meeting regional and international demand for cutting-edge magnetic materials with a strong emphasis on technical innovation. The soft magnetic materials industry has been influenced by the country’s fast-growing electric car market, further reinforcing American leadership in global expansion.
Which Factors Position China as a Succeeding Soft Magnetic Materials Industry?
“Rising Soft Magnetic Component Advancements Skyrockets in China”
Soft magnetic material utilization in China is expected to climb to US$ 13,171.4 million in 2024. In 2024, China is predicted to maintain its leading 56.9% share of the East Asian market for electromagnet soft iron applications. This market has been rapidly expanding in recent years.
China is emerging as a key participant in the soft magnetic material market thanks to its wealth of natural resources and steadfast dedication to sustainable development. China's emphasis on electrification and renewable energy has increased demand for highly efficient magnetic materials, establishing the nation as a major player in the global soft magnetic composites market.
China is well-positioned to achieve substantial advancements in producing and applying soft magnetic composites by leveraging its considerable capabilities, including a robust agricultural sector that supplies necessary raw materials. Its systematic approach to creating and using these materials is anticipated to profoundly affect the industry, potentially completely changing the soft magnetic material market in the subsequent decade.
Category-wise Insights
According to market projections by Fact.MR., in 2024, Electric motors are expected to hold a considerable 31.5% share in the soft magnetic material market, while Inductors are forecasted to possess a 24.3% market share. This implies that these components are likely to play a crucial role in developing and growing the soft magnetic material market in the forthcoming decade.
Why is the Soft Magnetic Material Industry's Augmented Demand for Motors?
“Electric Motors Shocks the Soft Magnetic Materials Industry”
The electric motors segment is likely to hold a 31.5% market share in 2024. Over the next decade, the motors category is predicted to rise at a 7.9% annually. Anticoagulant demand is expected to be valued at US$ 19,977.4 million in 2024.
Electric motors are essential in the soft magnets market since they have been used for centuries in various applications, such as transportation, industrial drives, and domestic appliances. Since the quantity of power they use is in the billions, even a little increase in efficiency may result in large savings and a reduction in carbon dioxide.
Since permanent and soft magnets are lightweight and tiny enough to fit inside electric motors without sacrificing the necessary torque and power for actuation and transportation applications, they are utilized in these motors.
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Competitive Landscape
The soft magnetic material industry is highly diverse, with multiple leading players vying for market share. Key players in the soft magnetic material market include Arnold Magnetic Technologies, GKN Sinter Metals Engineering GmbH, Hitachi Metals Group, JFE Steel Group, Mahindra CIE, MATE CO., LTD, Meyer Sintermetall AG, and Sintered Specialties. Collectively, these companies are driving innovation and competition in the industry, offering a wide range of soft magnetic materials to meet the varied needs of customers globally.
Market players in the soft magnetic material industry prioritize continuous research to develop innovative products and enhance their production capabilities to meet the ever-growing needs of end-users. These companies also strongly recommend adopting strategic growth initiatives, such as mergers, acquisitions, partnerships, and facility expansions, which help them expand their market presence and consolidate their position in the industry.
- In January 2024, Researchers from the University of Chicago, Argonne National Laboratory, University of Iowa, and Tohoku University developed a scalable and robust technology that uses magnets to transmit signals between individual qubits across a chip instead of air, using soft magnetic materials and operating at room temperature.
- In August 2023, City College of New York scientists discovered a method to trap light within soft magnetic materials by cooling a crystal to extremely low temperatures and placing it in a powerful magnetic field.
Segmentation of the Soft Magnetic Material Market
-
By Application:
- Transformers
- Motors
- Inductors
- Generators
-
By Region:
- North America
- Europe
- East Asia
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
- 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product
- 5.1. Electrical Steel
- 5.2. Ferrite
- 5.3. Permalloys
- 5.4. Others
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
- 6.1. Motors
- 6.2. Transformers
- 6.3. Alternators
- 6.4. Others
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
- 7.1. North America
- 7.2. Latin America
- 7.3. Western Europe
- 7.4. Eastern Europe
- 7.5. South Asia and Pacific
- 7.6. East Asia
- 7.7. Middle East and Africa
- 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 15. Key Countries Market Analysis
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Arnold Magnetic Technologies
- 17.2. GKN Sinter Metals Engineering GmbH
- 17.3. Hitachi Metals Group
- 17.4. JFE Steel Group
- 17.5. Mahindra CIE
- 17.6. MATE CO., LTD
- 17.7. Meyer Sintermetall AG
- 17.8. Sintered Specialties, LLC
- 17.9. Steward Advanced Materials LLC
- 17.10. VACUUMSCHMELZE GmbH & Co. KG
- 18. Assumptions & Acronyms Used
- 19. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Tons) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 4: Global Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 6: Global Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 10: North America Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 12: North America Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 16: Latin America Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 18: Latin America Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Western Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 21: Western Europe Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 22: Western Europe Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 23: Western Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 24: Western Europe Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Eastern Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 28: Eastern Europe Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 29: Eastern Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 30: Eastern Europe Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia and Pacific Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 34: South Asia and Pacific Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 36: South Asia and Pacific Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: East Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 39: East Asia Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 40: East Asia Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 41: East Asia Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 42: East Asia Market Volume (Tons) Forecast by Application, 2019 to 2034
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: Middle East and Africa Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 46: Middle East and Africa Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2019 to 2034
Table 48: Middle East and Africa Market Volume (Tons) Forecast by Application, 2019 to 2034
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List Of Figures
Figure 1: Global Market Value (US$ Million) by Product, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Application, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Tons) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 9: Global Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 13: Global Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 16: Global Market Attractiveness by Product, 2024 to 2034
Figure 17: Global Market Attractiveness by Application, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Product, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by Application, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 27: North America Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 31: North America Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 34: North America Market Attractiveness by Product, 2024 to 2034
Figure 35: North America Market Attractiveness by Application, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Product, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by Application, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 45: Latin America Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 49: Latin America Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Product, 2024 to 2034
Figure 53: Latin America Market Attractiveness by Application, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) by Product, 2024 to 2034
Figure 56: Western Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 57: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Western Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 63: Western Europe Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 66: Western Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 67: Western Europe Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 70: Western Europe Market Attractiveness by Product, 2024 to 2034
Figure 71: Western Europe Market Attractiveness by Application, 2024 to 2034
Figure 72: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: Eastern Europe Market Value (US$ Million) by Product, 2024 to 2034
Figure 74: Eastern Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: Eastern Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 81: Eastern Europe Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 85: Eastern Europe Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 88: Eastern Europe Market Attractiveness by Product, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness by Application, 2024 to 2034
Figure 90: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia and Pacific Market Value (US$ Million) by Product, 2024 to 2034
Figure 92: South Asia and Pacific Market Value (US$ Million) by Application, 2024 to 2034
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia and Pacific Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 99: South Asia and Pacific Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 103: South Asia and Pacific Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 106: South Asia and Pacific Market Attractiveness by Product, 2024 to 2034
Figure 107: South Asia and Pacific Market Attractiveness by Application, 2024 to 2034
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 109: East Asia Market Value (US$ Million) by Product, 2024 to 2034
Figure 110: East Asia Market Value (US$ Million) by Application, 2024 to 2034
Figure 111: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: East Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: East Asia Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 117: East Asia Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 120: East Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 121: East Asia Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 124: East Asia Market Attractiveness by Product, 2024 to 2034
Figure 125: East Asia Market Attractiveness by Application, 2024 to 2034
Figure 126: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 127: Middle East and Africa Market Value (US$ Million) by Product, 2024 to 2034
Figure 128: Middle East and Africa Market Value (US$ Million) by Application, 2024 to 2034
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: Middle East and Africa Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 135: Middle East and Africa Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 139: Middle East and Africa Market Volume (Tons) Analysis by Application, 2019 to 2034
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 142: Middle East and Africa Market Attractiveness by Product, 2024 to 2034
Figure 143: Middle East and Africa Market Attractiveness by Application, 2024 to 2034
Figure 144: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What was the value of the soft magnetic material market in 2019?
The global soft magnetic material market was worth US$ 43.5 billion in 2019.
What is the sales outlook for soft magnetic material in 2024?
The sales outlook for soft magnetic material is likely to be valued at US$ 63.42 billion in 2024.
What is the demand forecast for soft magnetic material for the decade?
Demand for soft magnetic material is projected to reach a market value of US$ 134. 40 billion by 2034.
What is the adoption growth projection for soft magnetic material?
The adoption of soft magnetic material is projected to rise at a CAGR of 7.8% through 2034.
At what rate is the North American market in predicted to grow?
The North American market for soft magnetic material is forecasted to expand at a CAGR of 8.0% through 2034.
Soft Magnetic Material Market