The Global Metal Soft Magnetic Materials Market was valued at USD 6.8 billion in 2023 and is projected to reach USD 11.2 billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 10.3% during the forecast period (2023-2028). This robust growth stems from accelerating electrification across automotive, renewable energy, and industrial sectors, where these materials play a crucial role in improving energy efficiency and reducing power losses.

With the global push toward electrification and smart power systems, soft magnetic materials have become critical enablers of energy-efficient technologies. This article profiles the Top 10 Companies in the Metal Soft Magnetic Materials Industry—innovators driving advancements in electromagnetic applications for electric vehicles, power generation, and consumer electronics.

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🔟 1. POCO Magnetic

Headquarters: Texas, USA
Key Offering: High-performance soft magnetic alloys (Fe-Ni, Fe-Co)

POCO Magnetic leads in ultra-high purity soft magnetic materials for critical applications in medical imaging systems, aerospace components, and defense systems. Their specialty alloys demonstrate superior magnetic permeability with minimal energy losses under extreme operating conditions.

Technology Leadership:

• Pioneer in nanocrystalline soft magnetic materials technology
• ISO 9001:2015 certified production facilities
• Custom alloy development for temperature ranges up to 600°C

Download FREE Sample Report: Metal Soft Magnetic Materials Market – View in Detailed Research Report

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9️⃣ 2. Proterial, Ltd. (Formerly Hitachi Metals)

Headquarters: Tokyo, Japan
Key Offering: METGLAS® amorphous metal alloys

Proterial dominates the amorphous metal alloy segment with its METGLAS brand, delivering significantly lower core losses compared to conventional silicon electrical steel in high-frequency applications.

Technology Leadership:

• World’s largest producer of amorphous metal ribbons
• Innovator in ultra-thin (18-25μm) magnetic ribbons
• Patented rapid solidification manufacturing process

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8️⃣ 3. ZheJiang NBTM KeDa (KDM)

Headquarters: Ningbo, China
Key Offering: Soft magnetic powder cores (SMPC)

KDM has emerged as China’s primary manufacturer of high-performance soft magnetic composites, supplying global EV charger and solar inverter manufacturers.

Technology Leadership:

• Annual production capacity exceeding 20,000 tons
• Advanced insulation coating technology for reduced eddy currents
• Vertically integrated manufacturing facilities

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7️⃣ 4. CSC (Changsung Corp.)

Headquarters: Seoul, South Korea
Key Offering: High-flux soft magnetic composites

CSC specializes in advanced soft magnetic materials for next-generation wireless charging systems and high-frequency power conversion equipment.

Technology Leadership:

• Automotive-grade materials certified to AEC-Q200
• Pioneer in 3D-printed soft magnetic components
• Strategic partnerships with automotive OEMs

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6️⃣ 5. MAGNETICS

Headquarters: Pennsylvania, USA
Key Offering: MPP (Molypermalloy Powder) cores

As a division of Arnold Magnetic Technologies, MAGNETICS sets the global standard for stable permeability soft magnetic cores in aerospace and defense applications.

Technology Leadership:

• Compliant with MIL-STD-202 military specifications
• Wide operating temperature range (-55°C to +200°C)
• Low-loss materials for high-frequency applications

Download FREE Sample Report: Metal Soft Magnetic Materials Market – View in Detailed Research Report

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5️⃣ 6. Micrometals

Headquarters: California, USA
Key Offering: Powdered iron cores

Micrometals, the inventor of commercial powdered iron cores in 1958, remains the volume leader in cost-effective soft magnetic solutions for consumer electronics and industrial applications.

Technology Leadership:

• Over 500 proprietary powder formulations
• High-volume production exceeding 1 billion cores annually
• Materials optimized for frequencies from 50Hz to 1MHz

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4️⃣ 7. Dongbu Electronic Materials

Headquarters: Incheon, South Korea
Key Offering: High-Bs amorphous alloys

Dongbu specializes in high-saturation flux density (Bs) materials crucial for compact power electronics in electric vehicles and renewable energy systems.

Technology Leadership:

• Leader in 100mm-wide amorphous ribbon production
• Bs values exceeding 1.6T for space-constrained designs
• Strategic partnerships with global semiconductor manufacturers

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3️⃣ 8. Qingdao Yunlu Advanced Materials

Headquarters: Shandong, China
Key Offering: Nanocrystalline soft magnetic ribbons

Qingdao Yunlu has established itself as China’s technological leader in nano-crystalline soft magnetic materials for EV and appliance applications.

Technology Leadership:

• Annual capacity of 7,000 tons nanocrystalline materials
• Proprietary continuous annealing technology
• Domestic market share leader in China

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2️⃣ 9. Sinomag Technology

Headquarters: Shanxi, China
Key Offering: High-performance silicon steel

Sinomag dominates the Chinese grain-oriented silicon steel market, essential for large power transformers and industrial motors requiring exceptional magnetic properties.

Technology Leadership:

• National research center for magnetic materials
• Patented domain refinement techniques
• Market leader in ultra-low loss steel

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1️⃣ 10. DMEGC

Headquarters: Zhejiang, China
Key Offering: Non-oriented electrical steel

DMEGC has grown to become the world’s second-largest producer of non-oriented electrical steel, supplying major appliance and automotive motor manufacturers globally.

Technology Leadership:

• Annual capacity exceeding 1.5 million tons
• Advanced continuous casting and rolling technology
• Strategic JVs with Japanese technology providers

Get Full Report Here: Metal Soft Magnetic Materials Market – View in Detailed Research Report

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🌍 Outlook: The Future of Soft Magnetic Materials is Efficient and Innovative

The metal soft magnetic materials industry is undergoing rapid transformation as global electrification accelerates across all sectors. Advanced materials enable more compact, efficient electromagnetic components that reduce energy consumption and improve performance.

📈 Key Trends Shaping the Market:

• Growing adoption in EV powertrains and charging infrastructure
• Development of ultra-thin amorphous and nanocrystalline materials
• Integration with wide-bandgap semiconductors (SiC/GaN)
• Increasing demand for high-frequency (100kHz-1MHz+) applications

Get Full Report Here: Metal Soft Magnetic Materials Market – View in Detailed Research Report

The companies profiled above are at the forefront of developing materials that enable the global electrification revolution across transportation, energy, and industrial sectors.