The Global Cobalt Iron Soft Magnetic Alloy Market was valued at USD 1.52 Billion in 2025 and is projected to reach USD 2.13 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2034). This robust growth is fueled by the escalating demand for high-efficiency electric motors, advancements in aerospace and defense technologies, and the critical role these alloys play in the miniaturization of electronic components and power generation systems.

As industries worldwide push for greater energy efficiency and performance, the spotlight intensifies on the specialized materials that enable technological breakthroughs. Cobalt-iron alloys, particularly Permendur and Hiperco, are at the forefront due to their exceptional magnetic saturation—the highest of any commercially available metal. In this blog, we profile the Top 10 Companies in the Cobalt Iron Soft Magnetic Alloy Industry—a group of advanced material specialists and global manufacturers driving innovation in this critical sector.

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🔟 1. Goodfellow

Headquarters: Huntingdon, United Kingdom
Key Offering: Permendur 49, Hiperco 50, Custom Alloy Forms (foil, wire, rod)

Goodfellow is a globally recognized supplier of high-purity metals and materials for research and industry. Their extensive catalog includes a range of cobalt-iron soft magnetic alloys, supplied in various forms to meet the precise requirements of R&D laboratories and specialized manufacturing. They serve clients in aerospace, telecommunications, and advanced sensor development.

Innovation & Specialization:

• Global distribution network for small-quantity, high-purity materials

• Support for prototyping and research institutions

• Custom material processing capabilities

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9️⃣ 2. Carpenter Technology Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Hiperco® Alloy 50, Custom soft magnetic solutions

Carpenter Technology is a leader in the development, manufacturing, and distribution of premium specialty alloys, including its renowned Hiperco 50 alloy. This alloy is specified for applications requiring the highest magnetic flux density, such as aerospace actuators, high-speed motors, and military systems where performance under extreme conditions is non-negotiable.

Innovation & Specialization:

• Proprietary vacuum induction melting (VIM) for ultra-clean alloys

• Extensive R&D focused on magnetic and physical properties

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Cobalt Iron Soft Magnetic Alloy Market – View in Detailed Research Report

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

Headquarters: Tokyo, Japan
Key Offering: High-performance Permendur-type alloys, Laminated cores

Proterial, with its deep heritage as Hitachi Metals, is a powerhouse in advanced metal products. The company produces sophisticated soft magnetic alloys used extensively in the automotive sector for electric vehicle traction motors, as well as in industrial robotics and high-frequency power electronics. Their expertise in metallurgy ensures consistent, high-quality material performance.

Innovation & Specialization:

• Integration of alloys into finished component solutions

• Strong focus on automotive electrification markets

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7️⃣ 4. Metalwerks, Inc.

Headquarters: Willoughby, Ohio, USA
Key Offering: Precision-rolled cobalt-iron alloys, Ultra-thin gauge strip

Metalwerks specializes in the precision rolling of difficult-to-work metals, including cobalt-iron alloys. They provide ultra-thin strips and foils that are essential for high-frequency magnetic cores in aerospace and defense applications, where weight and efficiency are critical. Their capability to handle bespoke orders makes them a key partner for specialized projects.

Innovation & Specialization:

• Expertise in rolling exotic alloys to precise tolerances

• Serving niche markets with low-volume, high-value products

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6️⃣ 5. Zormetal

Headquarters: Elektrenai, Lithuania
Key Offering: Cobalt-iron laminations, Custom magnetic components

Zormetal is a European manufacturer focused on producing precision electrical steel laminations and soft magnetic components. They process cobalt-iron alloys into stamped laminations used in motors, generators, and sensors. Their strategic location in Europe positions them as a key supplier to the region’s automotive and industrial automation industries.

Innovation & Specialization:

• Advanced stamping and annealing services

• Supply chain integration for European OEMs

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

Headquarters: Danyang, Jiangsu, China
Key Offering: Permendur 49, Hiperco 50, Magnetic alloy strip

Danyang Kaixin is a significant Chinese producer of soft magnetic alloys, catering to the booming domestic market for electronics, industrial motors, and renewable energy systems. The company supplies cobalt-iron alloy strips and sheets, supporting China’s push for technological self-sufficiency and manufacturing scale.

Innovation & Specialization:

• Cost-effective production for volume applications

• Growing capacity to serve Asian and global markets

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

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

Headquarters: Xi’an, Shaanxi, China
Key Offering: High-purity cobalt-iron alloys, Custom ingots and billets

Specializing in high-performance alloys, Xi’an Gangyan produces cobalt-iron materials that meet stringent specifications for magnetic and thermal properties. They supply raw materials to component manufacturers who serve the defense, aerospace, and medical imaging sectors, where material integrity is paramount.

Innovation & Specialization:

• Focus on high-purity, vacuum-melted products

• Strong R&D collaboration with academic institutions

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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-leading expert in magnetic materials and a major producer of advanced soft magnetic cobalt-iron alloys under the VACOFLUX and VACODUR brands. These materials are critical for applications demanding the highest levels of magnetic polarization and minimal core losses, such as in high-speed electric vehicles and aerospace power systems.

Innovation & Specialization:

• Pioneering development of nanocrystalline and amorphous alloys

• Vertical integration from alloy production to finished magnetic components

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2️⃣ 9. Arnold Magnetic Technologies

Headquarters: Rochester, New York, USA
Key Offering: Precision soft magnetic components, Cobalt-iron laminations

Arnold Magnetic Technologies designs and manufactures high-performance magnetic materials and assemblies. Their expertise in cobalt-iron alloys is applied to create custom laminations and cores for the most demanding applications in defense, aerospace, and medical technology, where reliability and performance under stress are essential.

Innovation & Specialization:

• Design and engineering support for custom magnetic solutions

• AS9100 certified for aerospace and defense Quality Management Systems

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1️⃣ 10. Magnetec GmbH

Headquarters: Maintal, Germany
Key Offering: SIFERRIT® cobalt-iron cores, Custom magnetic assemblies

Magnetec specializes in soft magnetic components, particularly cores made from cobalt-iron and other high-performance materials. Their products are essential in power electronics, sensor technology, and high-frequency applications. The company is known for its technical expertise in material selection and component design for optimized magnetic performance.

Innovation & Specialization:

• Specialization in powder cores and laminated cores for diverse frequencies

• Close collaboration with customers on application-specific designs

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Cobalt Iron Soft Magnetic Alloy Market – View in Detailed Research Report

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🔬 Outlook: The Future of Cobalt Iron Soft Magnetic Alloys is High-Performance and Sustainable

The cobalt iron soft magnetic alloy market is experiencing a significant transformation, driven by the global transition to electrification and digitalization. While traditional applications remain vital, new opportunities are emerging in renewable energy, electric mobility, and advanced computing.

📈 Key Trends Shaping the Market:

• Accelerated adoption in Electric Vehicle (EV) traction motors and onboard chargers

• Growing demand for more efficient aerospace and defense systems

• Miniaturization of electronics driving need for alloys with higher power density

• R&D focus on reducing cobalt content and improving sustainability without compromising magnetic properties

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

The companies profiled above are not just supplying materials—they are enabling the next wave of technological innovation by providing the critical components that make smaller, faster, and more efficient electronics possible.