The Global Vanadium Permendur Market was valued at USD 192.8 Million in 2025 and is projected to reach USD 285.3 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.1% during the forecast period (2024–2034). This robust growth is primarily driven by escalating demand from the aerospace and defense sector, the proliferation of electric vehicles (EVs), and the increasing need for high-efficiency components in power generation and industrial automation.

As industries worldwide push for greater energy efficiency and superior performance in critical applications, the spotlight falls on the specialized materials that make it possible. Vanadium Permendur, a cobalt-iron soft magnetic alloy renowned for its exceptional magnetic saturation and low core loss, is at the forefront of this transformation. In this blog, we profile the Top 10 Companies in the Vanadium Permendur Industry—a mix of global advanced materials giants and specialized alloy producers shaping the future of electromagnetism and power systems.

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🔟 1. Goodfellow

Headquarters: Huntingdon, United Kingdom
Key Offering: Permendur 49, Hiperco 50, Custom Alloy Forms

Goodfellow is a leading global supplier of metals, alloys, ceramics, and other materials for research and industry. Their portfolio includes high-purity Vanadium Permendur in various forms such as foil, rod, wire, and sheet, catering to R&D laboratories and specialized manufacturing needs.

Innovation Focus:

• Providing small-batch, high-purity materials for prototyping and research

• Extensive online catalog and global logistics for rapid material sourcing

Download FREE Sample Report: Vanadium Permendur Market – View in Detailed Research Report

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9️⃣ 2. Carpenter Technology Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Hiperco® 50 Alloy, Specialty Engineered Alloys

Carpenter Technology is a pioneer in the development and production of high-performance specialty alloys, including their flagship Hiperco 50, a vacuum-melted 49% Cobalt-Iron-Vanadium soft magnetic alloy. Their materials are critical for aerospace actuators, high-speed motors, and sensitive instrumentation.

Innovation Focus:

• Advanced melting and processing technologies for superior magnetic properties

• Strong focus on aerospace, defense, and energy sectors

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

Headquarters: Tokyo, Japan
Key Offering: Vanadium Permendur, Soft Magnetic Composites

Proterial boasts a long history of innovation in magnetic and electronic materials. The company produces high-grade Vanadium Permendur alloys used in high-performance motors, generators, and magnetic amplifiers, serving global automotive and industrial equipment manufacturers.

Innovation Focus:

• Development of next-generation soft magnetic materials for EV traction motors

• Integration of material science with component design

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7️⃣ 4. Metalwerks, Inc.

Headquarters: Wallingford, Connecticut, USA
Key Offering: PMD-49 (Permendur), Custom Magnetic Alloys

Metalwerks specializes in precision rolled specialty metals, including a range of high-permeability, high-saturation alloys like their PMD-49. They provide materials for demanding applications in the medical, aerospace, and defense industries, often supplying custom-tailored solutions.

Innovation Focus:

• Precision rolling to ultra-thin gauges for high-frequency applications

• Expertise in heat treatment processes to optimize magnetic performance

Download FREE Sample Report: Vanadium Permendur Market – View in Detailed Research Report

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6️⃣ 5. Zormetal

Headquarters: Ruse, Bulgaria
Key Offering: Cobalt-Iron Alloys, Magnetic Laminations

Zormetal is a European manufacturer specializing in precision thin strip metals, including cobalt-iron alloys akin to Vanadium Permendur. They supply laminations and custom-shaped parts to the automotive, electrical, and telecommunications industries across Europe.

Innovation Focus:

• Cost-effective manufacturing of magnetic laminations for mass production

• Strong regional supply chain partnerships within Europe

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5️⃣ 6. Danyang Kaixin Alloy Material Co., Ltd.

Headquarters: Danyang, Jiangsu, China
Key Offering: Permendur 49, Hiperco 50, Soft Magnetic Strips

Danyang Kaixin is a key Chinese producer of soft magnetic alloys, including Vanadium Permendur. The company serves the growing domestic market for EVs, renewable energy systems, and consumer electronics, offering competitive pricing and scalable production.

Innovation Focus:

• Expanding production capacity to meet booming Asian demand

• Focus on cost-optimized alloys for high-volume applications

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4️⃣ 7. Xi’an Gangyan Special Alloy Co., Ltd.

Headquarters: Xi’an, Shaanxi, China
Key Offering: High Permeability Alloys, Cobalt-Iron-Vanadium Alloys

Specializing in rare and special metals, Xi’an Gangyan produces a range of advanced magnetic materials. Their expertise in Vanadium Permendur supports China’s strategic industries, including defense avionics, satellite systems, and high-power industrial motors.

Innovation Focus:

• Research into alloy modifications for extreme environment performance

• Supporting China’s indigenization goals in high-tech materials

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3️⃣ 8. VACUUMSCHMELZE GmbH & Co. KG (VAC)

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

VAC is a world leader in advanced magnetic solutions, producing high-performance cobalt-iron alloys under the VACODUR brand, which compete directly with Vanadium Permendur. Their materials are essential for sensors, actuators, and high-efficiency motors in automotive and aerospace.

Innovation Focus:

• Pioneering amorphous and nanocrystalline magnetic materials

• Strong R&D pipeline for next-generation electric mobility

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2️⃣ 9. Arnold Magnetic Technologies

Headquarters: Rochester, New York, USA
Key Offering: Permendur, Hiperco, Custom Magnetic Assemblies

Arnold Magnetic Technologies is a vertically integrated manufacturer of precision magnetic materials and assemblies. Their Permendur products are used in critical applications such as flight control actuators, medical imaging systems, and high-speed turbomachinery.

Innovation Focus:

• From material production to finished component assembly

• R&D focused on lightweighting and thermal performance

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1️⃣ 10. Magnetic Metals Corporation

Headquarters: Camden, New Jersey, USA
Key Offering: Laminations, Cores, Soft Magnetic Alloys

Magnetic Metals Corporation is a specialist in manufacturing laminations and cores from various soft magnetic alloys, including cobalt-iron types. They provide customized magnetic components for the power generation, aerospace, and specialty transformer markets.

Innovation Focus:

• Precision stamping and fabrication of complex magnetic components

• Long-standing partnerships with defense and energy contractors

Read Full Report: Vanadium Permendur Market – View in Detailed Research Report

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🌍 Outlook: The Future of Vanadium Permendur is Smarter and More Efficient

The Vanadium Permendur market is evolving rapidly, driven by the global transition to electrification and the insatiable demand for higher efficiency in power conversion and electromechanical systems. While traditional applications in aerospace and defense remain strong, new growth frontiers are emerging in renewable energy and electric mobility.

📈 Key Trends Shaping the Market:

• Accelerated adoption in EV traction motors and onboard chargers for superior power density

• Increasing use in wind turbine generators and high-frequency power converters

• R&D focus on reducing vanadium and cobalt content to mitigate supply chain and cost pressures

• Advancements in additive manufacturing for complex magnetic components

Read Full Report: Vanadium Permendur Market – View in Detailed Research Report

The companies listed above are not only supplying a critical advanced material—they are enabling the technological leaps that will define a more electrified and efficient future.