Soft Magnetic Materials Market: APEJ to Remain Dominant throughout 2026

Growing demand for electric, and hybrid vehicles is likely to fuel demand for soft magnetic motors in the global soft magnetic materials market in the upcoming years. Moreover, soft magnetic materials are increasingly gaining importance in the power generation industries. Persistence Market Research has recently compiled a report, which reveals that the global soft magnetic materials market will witness an impressive growth of 7.6% CAGR over the forecast period, 2016-2026.

Factors Fuelling Growth of the Global Market

The soft magnetic materials are increasingly used in the soft magnetic motors of the vehicles. Increasing demand for soft magnetic materials among automotive manufacturers is likely to contribute towards growth of the global soft magnetic materials market during the projected years. Attributed to various benefits including energy savings, noise reduction, and compact designs, the soft magnetic materials witness significant demand in the automotive industry throughout 2026.

The soft magnetic materials find increasing demand in the power generation industries attributed to resistance of extreme temperatures. Automotive manufacturers are striving to strike a balance between working efficiency and small dimensions, which is attained by adoption of soft magnetic materials. Such factors are likely to impact growth of the global soft magnetic materials market during the predicted years.

Nano Crystalline Materials to Witness Significant Growth

Nano crystalline materials among other types of materials is likely to witness relatively fast growth at a CAGR growth of 9.8% in terms of volume throughout 2026. This segment is an emerging type of soft magnetic material, which represents relatively high efficiency, and is likely to witness significant growth in the upcoming years. Soft ferrite among other types of materials are likely to represent a major segment, and is likely to witness a dip in terms of revenue share in 2026. The steel industry is likely to witness a reduction due to transformation from labor intensive to capital intensive.

APEJ to Remain a Leading Market

Latin America, APEJ, and Eastern Europe are likely to represent the largest markets in terms of volume globally. The soft magnetic materials market in APEJ is likely to remain dominant, and is likely to register a CAGR growth of 8.5% in terms of volume throughout 2026. Further the market for soft magnetic materials in this region is mainly fuelled by the availability of cheap labor force, and iron ore mines. Eastern Europe is likely to represent the second largest market for soft magnetic materials globally during the predicted years. The market for soft magnetic materials in this region will register 7.9% CAGR in terms of volume throughout 2026. Increasing focus on strategies such as mergers and acquisitions among various market players is likely to rev up demand for soft magnetic materials globally. Such factors are likely to impact growth of the global soft magnetic materials market during the predicted period.

A sample of this report is available upon request @

http://www.persistencemarketresearch.com/samples/14842

Market Players

Leading players operating in the global soft magnetic materials market include PMG Holding GmBH, Hitachi Metals, Ltd., Rio Tinto PLC, VACUUMSCHMELZE GmBH & Co. KG, Hoganas AB, GKN plc, Toshiba Materials Co., Ltd., voestalpine Stahl GmBH, Sumitomo Metal Mining Co., Ltd., and Hengdian Group DMEGC Magnetics Co., Ltd. Major market players are focusing on strategies such as mergers and acquisitions. Sumitomo Metal Industries and Nippon Steel Corporation follow such strategies, and have shared a historic moment together. Such strategies are likely to impact growth of the global soft magnetic materials market positively.

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