The global Soft Magnetic Alloys market size is projected to grow from USD 3.68 billion in 2023 to USD 6.55 billion by 2029

Soft Magnetic Alloys Market Summary

Soft magnetic alloys are ferromagnetic materials that are easy to magnetize and demagnetize. In order to provide the best magnetic properties, these soft iron-based alloys have very low carbon, nitrogen and oxygen content. They rely on various added phosphorus, nickel and silicon to optimize the magnetic flux density, permeability and coercivity.

According to the new market research report "Global Soft Magnetic Alloys Market Report 2023-2029", published by GlobalInfoResearch, the global Soft Magnetic Alloys market size is projected to grow from USD 3.68 billion in 2023 to USD 6.55 billion by 2029, at a CAGR of 10.1% during the forecast period.

• Global Soft Magnetic Alloys MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Soft Magnetic Alloys Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”(published in 2023). If you need the latest data, plaese contact GlobalInfoResearch.

• Global Soft Magnetic Alloys Top17 Players Rankingand Market Share (Ranking is based on the revenue of 2022, continually updated)

Source: GlobalInfoResearch, “Global Soft Magnetic Alloys Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030”(published in 2023). If you need the latest data, plaese contact GlobalInfoResearch.

This report profiles key players of Soft Magnetic Alloys such as Sandvik, VACUUMSCHMELZE, Aperam, VDM Metals, Advanced Technology & Materials.

In 2022, the global top five Soft Magnetic Alloys players account for 34.2% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Soft Magnetic Alloys.

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