The Global Cobalt Iron Soft Magnetic Alloy Market was valued at USD 65.79 Million in 2025 and is projected to reach USD 91.37 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period (2024–2034). This growth is primarily driven by escalating demand for miniaturization, the global push for electrification, and the need for materials that offer extreme magnetic performance in sectors like aerospace, defense, and advanced automotive systems.

As industries worldwide strive for greater efficiency and power density in electromagnetic components, cobalt iron alloys have become indispensable. Their unmatched saturation flux density makes them the material of choice for next-generation technologies. In this blog, we profile the Top 10 Companies in the Cobalt Iron Soft Magnetic Alloy Industry—specialized materials giants and innovative manufacturers shaping the future of high-performance magnetics.

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🔟 1. VACUUMSCHMELZE (VAC)

Headquarters: Hanau, Germany
Key Offering: VACOFLUX® and VACODUR® Cobalt Iron Alloys

VACUUMSCHMELZE is a globally recognized leader in the development and production of advanced magnetic materials, including premium cobalt iron soft magnetic alloys. With a century of expertise in vacuum metallurgy, VAC supplies high-purity alloys like VACOFLUX and VACODUR to demanding industries worldwide. Their materials are critical for applications requiring the highest magnetic flux density and thermal stability.

Key Innovations:

• Pioneer in vacuum induction melting and precision rolling technologies
• Leading supplier for aerospace actuators and high-speed motors
• Continuous R&D focused on pushing the boundaries of magnetic performance

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9️⃣ 2. Carpenter Technology Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Hiperco® Alloys

Carpenter Technology is a premier manufacturer of high-performance specialty alloys, with its Hiperco brand of cobalt iron alloys being a benchmark in the industry. These alloys are renowned for their exceptional saturation induction and permeability, serving critical roles in defense systems, aerospace power generation, and advanced medical imaging equipment.

Key Innovations:

• Extensive product portfolio of Hiperco 50 and Hiperco 50A alloys
• Strong focus on material consistency and reliability for mission-critical applications
• Strategic partnerships with leading OEMs in defense and aerospace sectors

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8️⃣ 3. Proterial, Ltd. (formerly Hitachi Metals)

Headquarters: Tokyo, Japan
Key Offering: High-Performance Cobalt-Iron Laminations and Cores

Proterial carries forward Hitachi Metals’ legacy as a key global supplier of advanced magnetic materials. The company produces high-grade cobalt iron alloys used in efficient motors, high-frequency transformers, and specialized sensors. Its strong presence in the Asian market and expertise in precision stamping make it a vital player.

Key Innovations:

• Advanced processing for thin-gauge laminations to minimize core losses
• Significant focus on applications within the automotive electrification and industrial automation sectors
• Development of alloys optimized for high-temperature operation

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7️⃣ 4. Beijing Beiye Functional Materials Corporation

Headquarters: Beijing, China
Key Offering: Custom Cobalt Iron Alloys in Various Forms (Strips, Bars)

Beijing Beiye Functional Materials is a leading Chinese manufacturer specializing in high-performance precision alloys, including cobalt iron soft magnetic materials. The company serves a growing domestic market for aerospace, defense, and power generation, supplying alloys that meet stringent national and international standards.

Key Innovations:

• Focus on import substitution and supplying China’s high-tech manufacturing base
• Capabilities in producing custom alloys tailored to specific customer requirements
• Investment in expanding production capacity for advanced magnetic materials

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

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6️⃣ 5. Xi’an Gangyan Special Alloy Co., Ltd.

Headquarters: Xi’an, China
Key Offering: Cobalt-Iron Alloy Strips and Precision Components

Xi’an Gangyan Special Alloy is a specialized producer focused on nickel-iron and cobalt-iron soft magnetic alloys. The company has carved out a niche by providing cost-effective yet high-quality alloy strips and custom-fabricated parts, catering primarily to the industrial motor and consumer electronics markets in Asia.

Key Innovations:

• Expertise in the production of ultra-thin alloy strips for miniaturized components
• Competitive positioning in the supply chain for medium-performance applications
• Growing capabilities to serve the evolving needs of the electric vehicle sector

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5️⃣ 6. Magnetic Metals Corporation

Headquarters: Camden, New Jersey, USA
Key Offering: Laminated Cores and Components from Cobalt Iron Alloys

Magnetic Metals Corporation is a key US-based manufacturer specializing in the production of soft magnetic cores and components. While offering a broad range of materials, the company provides precision laminations and assembled cores using high-performance cobalt iron alloys for demanding applications in aerospace and defense.

Key Innovations:

• Specialization in converting alloy strips into finished laminations and cores
• Long-standing relationships with defense contractors and Tier-1 suppliers
• Focus on quality control and meeting rigorous military specifications (MIL-SPEC)

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4️⃣ 7. Advanced Technology & Materials Co., Ltd. (AT&M)

Headquarters: Beijing, China
Key Offering: Advanced Metallic Materials, including Cobalt Iron Alloys

AT&M is a prominent Chinese advanced materials company involved in the research, development, and production of a wide array of functional materials. Its capabilities include the manufacturing of cobalt iron soft magnetic alloys, which are supplied to various high-tech industries supporting China’s industrial modernization and technological advancement.

Key Innovations:

• Strong R&D foundation with numerous patents in advanced material science
• Integration along the value chain, from raw material to semi-finished products
• Strategic focus on materials for new energy and high-end equipment manufacturing

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3️⃣ 8. Eclipse Magnetics Ltd.

Headquarters: Sheffield, United Kingdom
Key Offering: Magnetic Solutions and Specialized Alloys

Eclipse Magnetics is a UK-based specialist in magnetic technologies and materials. The company offers a range of soft magnetic alloys, including cobalt iron grades, often provided as finished components or sub-assemblies. They serve diverse sectors, including aerospace, medical technology, and research and development.

Key Innovations:

• Provider of complete magnetic solutions, from material selection to component design
• Expertise in handling bespoke projects for specialized industrial and research applications
• Strong emphasis on quality and technical customer support

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2️⃣ 9. Mayer & Co.

Headquarters: Schwabach, Germany
Key Offering: Precision Soft Magnetic Strips and Laminations

Mayer & Co. is a German specialist in the cold rolling of precision strips from special alloys, including cobalt iron. The company’s high-precision thin strips are essential for manufacturing laminations used in high-efficiency motors, sensors, and actuators, primarily serving the European automotive and industrial automation markets.

Key Innovations:

• Mastery of precision cold-rolling to achieve tight tolerances and superior surface quality
• Long history of supplying the European engineering and manufacturing sector
• Focus on developing strip products that enable further miniaturization of electromagnetic devices

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1️⃣ 10. Tridus Magnetics & Assemblies

Headquarters: Rancho Cucamonga, California, USA
Key Offering: Custom Magnetic Assemblies and Components

Tridus Magnetics & Assemblies is a US-based manufacturer and distributor of magnets and magnetic assemblies. While its portfolio is broad, the company supplies components utilizing cobalt iron soft magnetic alloys, particularly for customers in the aerospace, defense, and medical industries who require custom-engineered solutions.

Key Innovations:

• Specialization in value-added services like machining, coating, and assembly
• Ability to provide rapid prototyping and low-volume production runs
• Strategic distribution partnerships with major alloy producers

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

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🌍 Outlook: The Future of Cobalt Iron Alloys is Smarter and More Integrated

The cobalt iron soft magnetic alloy market is evolving beyond being a mere supplier of raw materials. The focus is shifting towards providing integrated solutions that enable higher efficiency, greater power density, and smarter electromagnetic systems across all advanced industries.

📈 Key Trends Shaping the Market:

• Accelerated adoption in next-generation electric vehicle powertrains and high-speed charging infrastructure
• Growing demand for ultra-high saturation alloys in compact aerospace and satellite systems
• Increasing R&D into additive manufacturing (3D printing) of complex cobalt iron components
• Strategic collaborations between alloy producers and OEMs to co-develop application-specific material grades

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

The companies listed above are not only supplying a critical material—they are enabling the technological leaps that will define the future of electrification, advanced mobility, and power electronics.