The soft magnetic composite market is set to reach USD 11,377.5 million by 2033, with United States demand growing at a 7.9% CAGR over the assessment period.

NEWARK, DE, UNITED STATES, February 14, 2025 /EINPresswire.com/ -- The global soft magnetic composite market is expected to grow at a CAGR of 9.3% over the forecast period, with its total value rising from USD 44,459.0 million in 2023 to USD 1,08,392.0 million by 2033. This growth is driven by increasing demand in electric vehicles, renewable energy systems, and advanced industrial applications, where high-performance magnetic materials enhance energy efficiency and miniaturization of components.

The soft magnetic composite market is witnessing substantial growth driven by the increasing demand for energy-efficient electrical and electronic applications. These composites, made of ferromagnetic powder insulated with an electrically insulating film, are playing a crucial role in the miniaturization and performance enhancement of electrical devices. With industries focusing on sustainability and power efficiency, the adoption of soft magnetic composites is projected to rise significantly in the coming years.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰! https://www.futuremarketinsights.com/report-sample#5245502d47422d383639

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• Market Size & Growth: The global soft magnetic composite market is expected to expand at a CAGR of 9.3%, reaching a valuation of USD 1,08,392.0 million by 2033.

• Growing EV Adoption: The surge in electric vehicle production is a major driver of SMC demand, as these materials enable higher efficiency and lightweight motor designs.

• Technological Innovations: Advancements in powder metallurgy and insulation coatings are improving the performance characteristics of SMCs, making them more attractive for industrial applications.

• Sustainability & Efficiency: Rising emphasis on reducing core losses in electrical machines and enhancing energy efficiency is boosting the adoption of SMCs in power electronics.

• Asia-Pacific Dominance: Countries like China, Japan, and India are leading the market due to strong manufacturing bases, increasing R&D investments, and high demand for energy-efficient components.

𝐒𝐨𝐟𝐭 𝐌𝐚𝐠𝐧𝐞𝐭𝐢𝐜 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

• Surge in Electric Vehicle (EV) Demand: The transition towards EVs has significantly increased the need for lightweight, energy-efficient electric motors. Soft magnetic composites help reduce energy losses, enhancing the overall performance of EV powertrains.

• Advancements in Manufacturing Technologies: Innovations in additive manufacturing and powder metallurgy are enabling the production of high-performance SMCs, improving their mechanical and magnetic properties for specialized applications.

• Growth in Renewable Energy Sector: Soft magnetic composites are gaining traction in renewable energy applications, such as wind and solar power inverters, where efficiency and reduced electromagnetic interference are crucial.

• Miniaturization of Electrical Components: The push for compact and high-power-density devices is driving the adoption of SMCs in consumer electronics and industrial automation sectors.

• Regulatory & Environmental Initiatives: Governments worldwide are imposing stringent regulations to improve energy efficiency, encouraging the use of advanced magnetic materials that minimize power losses and carbon footprints.

𝐃𝐢𝐯𝐞 𝐃𝐞𝐞𝐩𝐞𝐫 𝐢𝐧𝐭𝐨 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 – 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭! https://www.futuremarketinsights.com/reports/soft-magnetic-composites-market

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• Rising Demand for Energy Efficiency: Increasing emphasis on energy-efficient electrical devices is propelling the growth of the soft magnetic composite market.

• Electric Vehicles Driving Market Expansion: The rapid adoption of EVs is significantly boosting the demand for SMC-based electric motors.

• Technological Advancements Enhancing Performance: Innovations in powder metallurgy and insulation coatings are improving the properties and efficiency of soft magnetic composites.

• Asia-Pacific Leading Market Growth: Countries like China and Japan are at the forefront due to their strong manufacturing capabilities and investment in advanced materials.

• Competitive Strategies Focusing on R&D: Key players are investing in research and partnerships to develop high-performance, sustainable magnetic materials.

"The soft magnetic composite market is set for dynamic growth, driven by technological advancements and increasing applications across multiple industries. As energy efficiency and performance optimization continue to be top priorities, SMCs will play a critical role in shaping the future of electrical and electronic applications." Says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

The soft magnetic composite market is highly competitive, with key players investing in R&D to enhance product performance and expand their global presence. Major industry participants include:

• Hitachi Metals Ltd.
• PMG Holding GmbH
• Höganäs AB
• GKN plc.
• Sumitomo Metal Mining Co., Ltd.
• VACUUMSCHMELZE GmbH & Co. KG
• Rio Tinto PLC
• Toshiba Corp (Toshiba Materials Co.)
• Hengdian Group DMEGC Magnetics Co., Ltd.
• Mitsubishi Materials Corporation

These companies are engaging in strategic collaborations, mergers, and acquisitions to strengthen their market positions. Additionally, partnerships with automotive and electronics manufacturers are fostering innovation in next-generation magnetic components.

𝐀 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐭𝐡𝐞 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐚𝐧𝐝 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐅𝐮𝐭𝐮𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐬
https://www.futuremarketinsights.com/industry-analysis/general-and-advanced-materials

𝐒𝐨𝐟𝐭 𝐌𝐚𝐠𝐧𝐞𝐭𝐢𝐜 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐛𝐲 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲

By Material:
• Electrical Steel
• Soft Ferrite
• Iron Powder

By Type:
• 1P
• 3P
• 5P

By Application:
• Electrical Coils
• Motors
• Generators
• Transformers
• Inductors
• Sensors
• Others

By End-use:
• Automotive
• Industrial Machinery and Equipment
• Consumer Goods
• Power Generation
• Others

𝐇𝐚𝐯𝐞 𝐚 𝐋𝐨𝐨𝐤 𝐚𝐭 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐟 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 & 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐓𝐮𝐫𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟒: https://www.futuremarketinsights.com/reports/artificial-turf-market

𝐅𝐞𝐫𝐫𝐨𝐯𝐚𝐧𝐚𝐝𝐢𝐮𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐟𝐨𝐫 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟒: https://www.futuremarketinsights.com/reports/ferrovanadium-market

𝐍𝐞𝐨𝐧 𝐆𝐚𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟒: https://www.futuremarketinsights.com/reports/neon-gas-market

𝐂𝐥𝐞𝐚𝐧𝐫𝐨𝐨𝐦 𝐅𝐥𝐨𝐨𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟒: https://www.futuremarketinsights.com/reports/cleanroom-flooring-market

𝐒𝐩𝐞𝐜𝐢𝐚𝐥𝐭𝐲 𝐒𝐢𝐥𝐢𝐜𝐚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟒: https://www.futuremarketinsights.com/reports/specialty-silica-market

𝐆𝐥𝐚𝐬𝐬 𝐖𝐨𝐨𝐥 𝐈𝐧𝐬𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟒: https://www.futuremarketinsights.com/reports/glass-wool-insulation-market

𝐑𝐞𝐟𝐫𝐚𝐜𝐭𝐨𝐫𝐲 𝐂𝐞𝐦𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟒: https://www.futuremarketinsights.com/reports/refractory-cement-market

𝐀𝐛𝐨𝐮𝐭 𝐅𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 (𝐅𝐌𝐈)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

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Website: https://www.futuremarketinsights.com

Ankush Nikam
Future Market Insights, Inc.
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