The Global Soft Magnetic Iron-Nickel Alloy Market was valued at USD 1.54 Billion in 2023 and is projected to reach USD 2.18 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period (2024–2030). This significant growth is primarily driven by the escalating demand for high-efficiency electronic components, the rapid expansion of the consumer electronics and automotive sectors, and the increasing adoption of renewable energy technologies that rely on advanced magnetic materials.

As industries worldwide push for greater energy efficiency and miniaturization, soft magnetic iron-nickel alloys (also known as Permalloy) have become critical enablers. These materials offer exceptional magnetic permeability, low coercivity, and high electrical resistivity, making them indispensable for transformers, inductors, magnetic shielding, and sensors. In this blog, we profile the Top 10 Companies in the Soft Magnetic Iron-Nickel Alloy Industry—a group of global specialists and advanced materials giants shaping the technological landscape.

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🔟 1. Sandvik AB

Headquarters: Sandviken, Sweden
Key Offering: High-purity Iron-Nickel alloys (e.g., Sandvik 4J36, 4J50), Precision strips and wires

Sandvik is a global engineering group with a renowned materials technology division that produces advanced alloys. Their range of soft magnetic iron-nickel alloys is known for its consistent quality and is widely used in precision instruments, aerospace components, and telecommunications equipment where thermal stability and specific magnetic properties are paramount.

Key Innovations & Market Position:

• Leading supplier of low thermal expansion and soft magnetic alloys

• Strong focus on R&D for next-generation electronic materials

• Global distribution network serving high-tech industries

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9️⃣ 2. VACUUMSCHMELZE GmbH & Co. KG (VAC)

Headquarters: Hanau, Germany
Key Offering: VACOPERM, VACOFLUX, Nanocrystalline and amorphous magnetic alloys

VACUUMSCHMELZE is a world leader in the development and production of advanced magnetic materials. While renowned for its cobalt-iron and amorphous alloys, VAC is also a significant producer of high-performance iron-nickel soft magnetic alloys used in demanding applications like sensors, current transformers, and shielding for electric vehicles.

Key Innovations & Market Position:

• Pioneer in precision magnetic solutions for over 100 years

• Extensive portfolio catering to automotive electrification and industrial automation

• Strategic focus on sustainability and material efficiency

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8️⃣ 3. Aperam

Headquarters: Luxembourg City, Luxembourg
Key Offering: Stainless and specialty steel alloys, including soft magnetic grades

Aperam, a spin-off from ArcelorMittal, is a major player in specialty steels. Its operations include the production of alloys with specific electromagnetic properties. The company’s expertise in rolling and processing enables it to supply high-quality soft magnetic strips for various electrical and electronic applications.

Key Innovations & Market Position:

• Integrated production from melting to finished strip

• Strong presence in European and American markets

• Commitment to reducing the carbon footprint of its products

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Soft Magnetic Iron-Nickel Alloy Market – View in Detailed Research Report

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7️⃣ 4. VDM Metals GmbH

Headquarters: Werdohl, Germany
Key Offering: Nickel alloys, specialty stainless steels, and soft magnetic alloys

VDM Metals, part of the Aperam group, specializes in high-performance metals. The company produces a range of soft magnetic iron-nickel alloys that exhibit excellent magnetic softness and are used in critical components for the electrical, electronic, and chemical processing industries.

Key Innovations & Market Position:

• Expertise in custom alloy development for specific customer requirements

• Global service centers providing tailored material solutions

• Focus on high-purity materials for corrosion-resistant and magnetic applications

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6️⃣ 5. Advanced Technology & Materials Co., Ltd. (AT&M)

Headquarters: Beijing, China
Key Offering: Advanced metallic materials, magnetic materials, powder metallurgy products

AT&M is a leading Chinese supplier of advanced materials, playing a crucial role in the domestic supply chain for soft magnetic iron-nickel alloys. The company serves a broad spectrum of industries, including new energy vehicles, consumer electronics, and industrial machinery, with a strong emphasis on research and development.

Key Innovations & Market Position:

• Key supplier to China’s rapidly growing high-tech manufacturing sector

• Significant investments in R&D for energy-efficient magnetic materials

• Expanding international presence to compete globally

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5️⃣ 6. Carpenter Technology Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Specialty alloys, including Carpenter High Permeability 49 and other soft magnetic alloys

Carpenter Technology is a recognized leader in the manufacture and distribution of premium specialty alloys. Their soft magnetic iron-nickel alloys are engineered for applications requiring high magnetic permeability and low core loss, such as magnetic amplifiers, transformers, and sensitive relay cores in aerospace and defense systems.

Key Innovations & Market Position:

• Long-standing reputation for quality and technical expertise in specialty metals

• Extensive product certification for aerospace and medical applications

• Focus on additive manufacturing powders with specific magnetic properties

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4️⃣ 7. Hitachi Metals, Ltd. (Now part of Proterial, Ltd.)

Headquarters: Tokyo, Japan
Key Offering: Magnetic materials, specialty steel products, functional components

As a cornerstone of Japan’s materials industry, Hitachi Metals (now operating as Proterial) has deep expertise in magnetic materials. The company produces high-performance soft magnetic iron-nickel alloys that are critical components in electronic devices, automotive sensors, and power supply units, known for their reliability and precision.

Key Innovations & Market Position:

• Vertically integrated production from raw materials to finished components

• Strong technological partnerships with leading global electronics manufacturers

• Continuous development of alloys for high-frequency and high-temperature applications

Download FREE Sample Report:
Soft Magnetic Iron-Nickel Alloy Market – View in Detailed Research Report

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3️⃣ 8. Nippon Yakin Kogyo Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Heat-resistant and stainless steels, nickel-based alloys, high-nickel alloys

Nippon Yakin Kogyo is a specialist in high-nickel alloys and stainless steels. The company’s product portfolio includes soft magnetic iron-nickel alloys that are essential for electronic components requiring precise magnetic characteristics and thermal stability, serving customers in the electronics and industrial sectors.

Key Innovations & Market Position:

• Expertise in rolling technology for producing ultra-thin precision strips

• Strategic focus on supplying the Asian electronics market

• Commitment to quality control and material consistency

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2️⃣ 9. Ugitech S.A.S. (Schmolz + Bickenbach France)

Headquarters: Ugine, France
Key Offering: Long stainless steel products, wire rod, and specialty alloys

Ugitech, part of the Swiss-based Schmolz + Bickenbach group, is a European producer of long stainless steel and specialty alloy products. The company supplies soft magnetic iron-nickel alloys in the form of wire and bar, which are used in various electromagnetic applications, including solenoids and sensor components.

Key Innovations & Market Position:

• Strong position in the European market for specialty long products

• Capability to produce alloys with tightly controlled chemical compositions

• Focus on customized solutions for automotive and industrial customers

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1️⃣ 10. POCO Holding, Inc.

Headquarters: Albany, New York, USA
Key Offering: Specialty graphites, silicon carbide, and advanced composite materials

While better known for its graphites, POCO Holding, through its heritage and technical capabilities, is involved in the supply chain for advanced materials, including specialized metal alloys. The company’s expertise in material science allows it to serve niche markets that require custom magnetic material solutions.

Key Innovations & Market Position:

• Focus on high-performance materials for extreme environments

• Collaboration with research institutions on new material development

• Niche supplier to the semiconductor and specialty electronics industries

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Soft Magnetic Iron-Nickel Alloy Market – View in Detailed Research Report

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🌍 Outlook: The Future of Soft Magnetic Iron-Nickel Alloys Is Smarter and More Efficient

The soft magnetic iron-nickel alloy market is at a pivotal point, driven by the global push for electrification and digitalization. While traditional alloys continue to serve foundational applications, the industry is aggressively innovating to meet the demands of miniaturization, higher operating frequencies, and improved energy efficiency.

📈 Key Trends Shaping the Market:

• Accelerated demand from the Electric Vehicle (EV) sector for power electronics and motor components

• Growth in 5G infrastructure and Internet of Things (IoT) devices requiring advanced magnetic shielding

• Development of new alloy compositions and processing techniques (e.g., rapid solidification) for enhanced performance

• Increasing competition and technological advancements from manufacturers in the Asia-Pacific region

Get Full Report Here:
Soft Magnetic Iron-Nickel Alloy Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials—they are enabling the technological advancements that define modern electronics and sustainable energy systems.