The Global Soft Ferrite Market was valued at USD 2.85 Billion in 2024 and is projected to reach USD 5.64 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period (2024–2032). This robust growth is propelled by the electronics revolution, the accelerating shift towards electric vehicles, and the increasing adoption of renewable energy systems, all of which rely heavily on soft ferrite components for efficient power conversion and electromagnetic performance.

As industries worldwide push for greater energy efficiency and miniaturization, the demand for advanced magnetic materials has never been higher. In this blog, we profile the Top 10 Companies in the Soft Ferrite Industry—a combination of global materials science leaders, specialized manufacturers, and regional powerhouses that are shaping the future of electronic and electro-mechanical systems.

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🔟 1. TDK Corporation

Headquarters: Tokyo, Japan
Key Offering: Mn-Zn Ferrites, Ni-Zn Ferrites, Ferrite Cores and Components

TDK Corporation stands as a global titan in electronic components, with its soft ferrite division being a cornerstone of its business. Following the strategic acquisition of MMG Canada, TDK has significantly strengthened its position in the high-performance ferrite market. The company’s product portfolio is extensive, catering to everything from consumer electronics power supplies to advanced automotive applications.

Innovation Focus:

• Development of low-loss, high-frequency ferrites for 5G and automotive applications

• Investment in advanced sintering technologies to improve material density and performance

• Expansion of production capacity in Asia and Europe to meet growing EV demand

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9️⃣ 2. Hitachi Metals, Ltd. (Hitachi Metals America)

Headquarters: Tokyo, Japan
Key Offering: High-permeability Mn-Zn Ferrites, Power Materials

Hitachi Metals is a pioneer in the soft ferrite industry, renowned for its high-quality materials used in critical applications. The company’s expertise lies in producing ferrites with exceptional magnetic properties, making them ideal for high-efficiency transformers and inductors in power electronics. Their global presence, particularly through Hitachi Metals America, ensures a strong supply chain for North American markets.

Innovation Focus:

• Focus on materials for next-generation power supplies with higher efficiency ratings

• R&D into high-temperature stable ferrites for electric vehicle powertrains

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8️⃣ 3. Magnetics (a division of Spang & Company)

Headquarters: Butler, Pennsylvania, USA
Key Offering: Powder Cores, Ferrite Cores, Custom Magnetic Solutions

Magnetics is a key player in North America, known for its diverse range of magnetic materials, including soft ferrites. The company excels at providing custom-engineered solutions for demanding applications in industrial, aerospace, and defense sectors. Their technical expertise in both ferrites and powdered iron gives them a unique position to offer optimized solutions across different frequency ranges.

Innovation Focus:

• Specialization in high-reliability components for military and aerospace applications

• Development of integrated magnetic assemblies combining ferrites with other materials

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7️⃣ 4. Cosmo Ferrites Ltd.

Headquarters: New Delhi, India
Key Offering: Mn-Zn Ferrites, Ni-Zn Ferrites, Deflection Yokes

Cosmo Ferrites has emerged as one of India’s largest and fastest-growing manufacturers of soft ferrites. The company has carved a niche by offering cost-effective yet reliable ferrite cores for a wide spectrum of applications, from television deflection yokes to modern switch-mode power supplies. Their significant production capacity makes them a major supplier in the price-sensitive Asian markets.

Innovation Focus:

• Expansion into high-grade ferrites for telecommunications and automotive electronics

• Vertical integration strategies to control raw material costs and ensure supply chain stability

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6️⃣ 5. Ningbo Yunsheng Co., Ltd.

Headquarters: Ningbo, Zhejiang, China
Key Offering: Sintered NdFeB Magnets, Mn-Zn Ferrites, Bonded Magnets

Ningbo Yunsheng is a dominant force in China’s magnetic materials industry, with a substantial soft ferrite operation complementing its renowned permanent magnet business. The company benefits from a vertically integrated model, controlling the process from raw material processing to finished ferrite cores. This allows for competitive pricing and scalability, catering to the massive domestic electronics manufacturing sector.

Innovation Focus:

• Leveraging synergies between permanent magnet and soft ferrite technologies

• Focus on automation and scale to serve high-volume consumer electronics customers

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5️⃣ 6. TOMITA ELECTRIC CO., LTD.

Headquarters: Tokyo, Japan
Key Offering: High-Frequency Ferrites, Ni-Zn Cores, EMI Suppression Components

TOMITA ELECTRIC is a specialized Japanese manufacturer with a strong reputation for high-frequency soft ferrites. The company’s expertise is particularly valued in applications requiring superior performance at frequencies above 1 MHz, such as noise suppression filters, NFC antennas, and RF transformers. Their focus on quality and precision makes them a preferred supplier for high-end electronic equipment.

Innovation Focus:

• Development of ferrites for ultra-high-frequency applications, including nascent 6G research

• Miniaturization of ferrite components for compact consumer devices

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4️⃣ 7. Samwha Electronics

Headquarters: Seoul, South Korea
Key Offering: MLCCs, Inductors, Soft Ferrite Cores

Samwha Electronics is a major South Korean component manufacturer whose product line includes a comprehensive range of soft ferrite materials. The company’s strength lies in its ability to supply ferrite cores directly into the production of multilayer ceramic capacitors (MLCCs) and inductors, serving the vibrant Korean and global electronics hubs. Their proximity to major OEMs like Samsung and LG provides a significant market advantage.

Innovation Focus:

• Integration of ferrite materials into multi-component modules

• Development of environmentally friendly ferrite compositions compliant with international regulations

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3️⃣ 8. Daido Steel Co., Ltd.

Headquarters: Nagoya, Japan
Key Offering: Specialty Steels, Magnetic Materials, Soft Ferrites

Daido Steel, while primarily known for its specialty steels, has a respected division dedicated to magnetic materials, including soft ferrites. The company’s deep metallurgical expertise translates into precise control over ferrite composition and microstructure, yielding materials with consistent and reliable performance. They often cater to specialized industrial and automotive applications where material reliability is paramount.

Innovation Focus:

• Application of advanced metallurgical science to ferrite production

• Focus on high-durability ferrites for harsh automotive and industrial environments

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2️⃣ 9. Shin-Etsu Chemical Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Silicon Wafers, Semiconductor Materials, Rare-Earth Magnets, Soft Ferrites

Shin-Etsu Chemical is a global leader in silicon-based materials but also maintains a presence in the magnetic materials space. The company’s approach to soft ferrites is characterized by the same high standards of purity and process control for which it is known in the semiconductor industry. This results in ferrite materials that offer exceptional performance consistency for critical applications.

Innovation Focus:

• Leveraging chemical synthesis expertise for novel ferrite compositions

• Developing materials compatible with next-generation wide-bandgap semiconductors (SiC, GaN)

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1️⃣ 10. TSC Ferrite International

Headquarters: Shenzhen, Guangdong, China
Key Offering: Mn-Zn Ferrite Cores, Ni-Zn Ferrite Cores, Custom Shapes

TSC Ferrite International is a significant Chinese manufacturer that has grown rapidly by serving the massive domestic and international demand for cost-effective ferrite components. The company produces a wide array of standard ferrite cores used in power supplies, lighting ballasts, and various electronic devices. Their competitive pricing and flexibility make them a key supplier for volume-driven market segments.

Innovation Focus:

• Rapid scaling of production to meet fluctuating market demands

• Improving production efficiency to maintain cost leadership while meeting quality standards

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🔬 Outlook: The Future of Soft Ferrites Is Smarter and More Integrated

The soft ferrite market is undergoing a significant transformation. While traditional power applications continue to drive volume, the industry is innovating rapidly to meet the demands of electrification, miniaturization, and higher operating frequencies.

📈 Key Trends Shaping the Market:

• Electric Vehicle Proliferation: EVs require 30-40% more ferrite components than traditional vehicles, particularly for onboard chargers and DC-DC converters, creating massive new demand.

• 5G/6G Infrastructure Rollout: The deployment of next-generation networks demands high-frequency ferrites for base stations, filters, and antennas, pushing material performance boundaries.

• Renewable Energy Expansion: Solar inverters and wind turbine systems rely on soft ferrites for efficient power conversion, aligning with global sustainability goals.

• Material Science Advancements: R&D is focused on developing lower-loss compositions, higher-temperature stability, and rare-earth-free alternatives to mitigate supply chain and cost pressures.

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Soft Ferrite Market – View in Detailed Research Report

The companies profiled above are not just supplying components—they are enabling the technological advancements that define modern electronics, transportation, and energy systems.