The Global Soft Magnetic Iron-Nickel Alloy Market was valued at US$ 1.52 Billion in 2023 and is projected to reach US$ 2.17 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period (2024–2030). This growth is being driven by the surging demand for high-performance magnetic materials in consumer electronics, renewable energy systems, and electric vehicles, alongside the accelerating adoption of advanced manufacturing techniques that enhance material properties and production efficiency.

As the electronics and automotive industries advance toward greater energy efficiency and miniaturization, the strategic importance of soft magnetic iron-nickel alloys has never been greater. In this blog, we profile the Top 10 Companies in the Soft Magnetic Iron-Nickel Alloy Industry—a group of material science innovators and specialty metal producers defining the future of electromagnetic components.

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🔟 1. Sandvik

Headquarters: Sandviken, Sweden
Key Offering: Nickel-Iron alloys, High-Permeability alloys, Custom magnetic materials

Sandvik is a global leader in high-performance alloys, offering a comprehensive range of soft magnetic iron-nickel alloys known for their exceptional magnetic permeability and low coercivity. Their materials are critical for transformer cores, magnetic shields, and sensors used in telecommunications, aerospace, and medical devices.

Innovation Initiatives:

• Development of ultra-thin alloy strips for high-frequency applications

• Advanced powder metallurgy for complex magnetic components

• Commitment to sustainability through energy-efficient manufacturing processes

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

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9️⃣ 2. VACUUMSCHMELZE

Headquarters: Hanau, Germany
Key Offering: VACOPERM, VACOFLUX, and other precision magnetic alloys

VACUUMSCHMELZE specializes in advanced magnetic materials, particularly soft magnetic alloys with nickel content ranging from 36% to 80%. The company serves demanding applications in measurement technology, aerospace, and industrial automation with materials offering superior magnetic properties.

Innovation Initiatives:

• Pioneering nanocrystalline and amorphous magnetic materials

• Custom alloy development for specific technical requirements

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8️⃣ 3. Aperam

Headquarters: Luxembourg City, Luxembourg
Key Offering: Electrical steel, Nickel-Iron alloys, Precision strip products

As one of Europe’s leading stainless and specialty steel producers, Aperam maintains a significant presence in the soft magnetic materials sector. Their nickel-iron alloys are engineered for applications requiring high magnetic permeability and minimal core losses.

Innovation Initiatives:

• Investment in research for high-temperature magnetic alloys

• Sustainable production with high recycling rates in their manufacturing processes

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7️⃣ 4. VDM Metals

Headquarters: Werdohl, Germany
Key Offering: Nickel-based alloys, High-performance magnetic materials

VDM Metals produces a wide range of high-performance alloys, including specialized soft magnetic nickel-iron compositions. The company’s materials are essential for high-reliability applications in defense, automotive, and power generation sectors.

Innovation Initiatives:

• Development of corrosion-resistant magnetic alloys

• Focus on aerospace and chemical processing industries

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

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6️⃣ 5. Advanced Technology & Materials

Headquarters: Beijing, China
Key Offering: Fe-Ni alloys, Amorphous ribbons, Magnetic core materials

Advanced Technology & Materials is a prominent Chinese manufacturer specializing in advanced magnetic materials and rare earth products. Their soft magnetic iron-nickel alloys serve the growing domestic electronics and electric vehicle markets.

Innovation Initiatives:

• Research in high-saturation induction alloys

• Expansion of production capacity for high-performance magnetic materials

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5️⃣ 6. Yunlu Energy

Headquarters: Shenzhen, China
Key Offering: Soft magnetic composites, Powder cores, Electrical steel

Yunlu Energy focuses on developing advanced magnetic materials for energy applications, including soft magnetic iron-nickel alloys used in power electronics and renewable energy systems.

Innovation Initiatives:

• Development of cost-effective magnetic solutions for mass production

• Strategic partnerships with automotive component manufacturers

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4️⃣ 7. Carpenter Technology

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Carpenter HyMu, Carpenter High Permeability alloys

Carpenter Technology is a leading producer of specialty alloys, including a comprehensive portfolio of soft magnetic nickel-iron materials.

Innovation Initiatives:

• Precision alloy production with tight compositional control

• Focus on medical, aerospace, and defense applications requiring premium magnetic properties.

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3️⃣ 8. POCO Holding

Headquarters: Shanghai, China
Key Offering: Magnetic powders, Soft magnetic composites, Custom alloy formulations

POCO Holding specializes in advanced material solutions, with significant expertise in soft magnetic composites and nickel-iron alloys for electromagnetic applications.

Innovation Initiatives:

• Development of 3D printing materials for magnetic components

• Research in additive manufacturing of soft magnetic materials

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2️⃣ 9. Ugitech

Headquarters: Ugine, France
Key Offering: Stainless steel, Nickel alloys, Speciality long products

As part of the Swiss Steel Group, Ugitech produces specialty long steel products including nickel-iron alloys. The company serves industrial customers requiring long-length magnetic materials for specialized applications.

Innovation Initiatives:

• Investment in clean steel production technologies

• Development of magnetic alloys for nuclear and scientific applications

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1️⃣ 10. Hitachi Metals

Headquarters: Tokyo, Japan
Key Offering: Permalloy, Sendust, and other soft magnetic alloys

Hitachi Metals offers a diverse range of soft magnetic materials, with nickel-iron alloys playing a crucial role in their product portfolio for electronics and automotive applications.

Innovation Initiatives:

• Focus on automotive electrification applications

• Development of high-frequency magnetic materials for 5G applications

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

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🌍 Outlook: The Future of Soft Magnetic Materials Is Smarter and More Efficient

The soft magnetic iron-nickel alloy market is experiencing transformative changes driven by technological advancement and shifting industry demands. While traditional applications continue to dominate, the industry is investing heavily in next-generation magnetic materials, advanced manufacturing processes, and sustainable production methods.

📈 Key Trends Shaping the Market:

• Increasing adoption in electric vehicle powertrains and charging systems

• Growing demand for miniaturized electronic components

• Expansion of 5G infrastructure requiring high-frequency magnetic materials

• Development of amorphous and nanocrystalline alloys for high-efficiency applications

• Rising importance of thermal stability in magnetic materials

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 for global electronics—they’re pioneering the technological evolution of electromagnetic systems.