Vietnam Soft Magnetic Materials Market
Description
Vietnam Soft Magnetic Materials Market, By Material Type (Silicon Steel, Ferrites, Amorphous Metals, Nickel Alloys); By Application (Power Transformers, Inductors & Chokes, Magnetic Storage Devices, Electric Motors); By Manufacturing Process (Cold Rolling, Powder Metallurgy, Sputtering, Casting), Trend Analysis, Competitive Landscape & Forecast, 2019–2031Vietnam Soft Magnetic Materials Market Size Set to Reach USD 398 Million by 2031
Vietnam Soft Magnetic Materials Market is booming primarily due to rapid EV adoption, electronics growth, renewable energy expansion, smart grid development, energy efficiency demand, industrial automation, and advanced magnetic material innovations.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam Soft Magnetic Materials Market size by value at USD 223.27 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Vietnam Soft Magnetic Materials Market size to boom at a robust CAGR of 8.60%, reaching a value of USD 397.77 million by 2031. The growth of Vietnam Soft Magnetic Materials Market is propelled by rising demand in electronics, automotive, and energy sectors. The surge in electric vehicle adoption, the expansion of renewable energy projects, and the growth in consumer electronics are key contributors. Industrial automation and smart grid development further boost material usage. Technological advancements in magnetic alloys—offering higher saturation magnetization and lower core losses—enhance efficiency and performance. Vietnam’s integration into global supply chains and its expanding manufacturing base also support market growth. Additionally, the push for energy-efficient systems and miniaturization in devices drives innovation and demand across industries.
Opportunity – Surging Demand for Energy-Efficient Devices
Vietnam Soft Magnetic Materials Market is experiencing robust growth, due to the rising demand for energy-efficient devices across industries. As manufacturers prioritize sustainability and reduced power consumption, soft magnetic materials—known for low coercivity and minimal energy loss—are increasingly used in transformers, inductors, and electric motors. The push for smart appliances, renewable energy systems, and electric vehicles further amplifies this trend. Vietnam’s expanding electronics and automotive sectors, coupled with government initiatives promoting energy efficiency, are accelerating adoption. This surge reflects a broader global shift toward eco-friendly technologies, positioning Vietnam as a key player in the energy-efficient materials landscape.
Electric Motors Segment Leads Vietnam Soft Magnetic Materials Market
The electric motors segment accounts for the largest market share of Vietnam Soft Magnetic Materials Market. The rapid adoption of electric vehicles (EVs), industrial automation, and energy-efficient appliances drives the segment’s market dominance. Soft magnetic materials are vital in motor cores due to their low energy loss and high magnetic permeability, making them ideal for high-performance applications. Vietnam’s expanding manufacturing base and increasing demand for sustainable technologies further reinforce electric motors as the leading application segment in this market.
Impact of Escalating Geopolitical Tensions on Vietnam Soft Magnetic Materials Market
Escalating geopolitical tensions, especially United States-China trade disputes, are reshaping global supply chains, indirectly affecting Vietnam Soft Magnetic Materials Market. While disruptions pose risks to raw material sourcing and export stability, Vietnam benefits from increased foreign investment and manufacturing shifts away from China. Its strategic location and favorable trade policies attract electronics and automotive firms, boosting demand for soft magnetic components. However, heightened tariffs and global uncertainty may challenge long-term growth and supply chain resilience.
Competitive Landscape
Vietnam Soft Magnetic Materials Market is highly fragmented, with numerous players serving the market. Major companies dominating the market are Hitachi Metals, Ltd, VACUUMSCHMELZE GmbH & Co. KG, Toshiba Materials Co., Ltd, Daido Steel Co., Ltd, Arnold Magnetic Technologies, GKN Powder Metallurgy, Mate Co., Ltd, Mahindra CIE Automotive Ltd, Sumitomo Metal Mining Co., Ltd, JFE Steel Corporation, and POSCO. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Vietnam Soft Magnetic Materials Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and Vietnam Soft Magnetic Materials Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Soft Magnetic Materials Market, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Vietnam Soft Magnetic Materials Market is booming primarily due to rapid EV adoption, electronics growth, renewable energy expansion, smart grid development, energy efficiency demand, industrial automation, and advanced magnetic material innovations.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam Soft Magnetic Materials Market size by value at USD 223.27 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Vietnam Soft Magnetic Materials Market size to boom at a robust CAGR of 8.60%, reaching a value of USD 397.77 million by 2031. The growth of Vietnam Soft Magnetic Materials Market is propelled by rising demand in electronics, automotive, and energy sectors. The surge in electric vehicle adoption, the expansion of renewable energy projects, and the growth in consumer electronics are key contributors. Industrial automation and smart grid development further boost material usage. Technological advancements in magnetic alloys—offering higher saturation magnetization and lower core losses—enhance efficiency and performance. Vietnam’s integration into global supply chains and its expanding manufacturing base also support market growth. Additionally, the push for energy-efficient systems and miniaturization in devices drives innovation and demand across industries.
Opportunity – Surging Demand for Energy-Efficient Devices
Vietnam Soft Magnetic Materials Market is experiencing robust growth, due to the rising demand for energy-efficient devices across industries. As manufacturers prioritize sustainability and reduced power consumption, soft magnetic materials—known for low coercivity and minimal energy loss—are increasingly used in transformers, inductors, and electric motors. The push for smart appliances, renewable energy systems, and electric vehicles further amplifies this trend. Vietnam’s expanding electronics and automotive sectors, coupled with government initiatives promoting energy efficiency, are accelerating adoption. This surge reflects a broader global shift toward eco-friendly technologies, positioning Vietnam as a key player in the energy-efficient materials landscape.
Electric Motors Segment Leads Vietnam Soft Magnetic Materials Market
The electric motors segment accounts for the largest market share of Vietnam Soft Magnetic Materials Market. The rapid adoption of electric vehicles (EVs), industrial automation, and energy-efficient appliances drives the segment’s market dominance. Soft magnetic materials are vital in motor cores due to their low energy loss and high magnetic permeability, making them ideal for high-performance applications. Vietnam’s expanding manufacturing base and increasing demand for sustainable technologies further reinforce electric motors as the leading application segment in this market.
Impact of Escalating Geopolitical Tensions on Vietnam Soft Magnetic Materials Market
Escalating geopolitical tensions, especially United States-China trade disputes, are reshaping global supply chains, indirectly affecting Vietnam Soft Magnetic Materials Market. While disruptions pose risks to raw material sourcing and export stability, Vietnam benefits from increased foreign investment and manufacturing shifts away from China. Its strategic location and favorable trade policies attract electronics and automotive firms, boosting demand for soft magnetic components. However, heightened tariffs and global uncertainty may challenge long-term growth and supply chain resilience.
Competitive Landscape
Vietnam Soft Magnetic Materials Market is highly fragmented, with numerous players serving the market. Major companies dominating the market are Hitachi Metals, Ltd, VACUUMSCHMELZE GmbH & Co. KG, Toshiba Materials Co., Ltd, Daido Steel Co., Ltd, Arnold Magnetic Technologies, GKN Powder Metallurgy, Mate Co., Ltd, Mahindra CIE Automotive Ltd, Sumitomo Metal Mining Co., Ltd, JFE Steel Corporation, and POSCO. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Vietnam Soft Magnetic Materials Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and Vietnam Soft Magnetic Materials Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Soft Magnetic Materials Market, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
112 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Vietnam Soft Magnetic Materials Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising demand for electric motors and transformers
- 3.2.1.2. Expansion of Vietnam’s electronics manufacturing sector
- 3.2.1.3. Government push for renewable energy and EV adoption
- 3.2.2. Restraints
- 3.2.2.1. Volatile raw material prices
- 3.2.2.2. Limited domestic production capabilities
- 3.2.2.3. High cost of advanced magnetic alloys
- 3.2.3. Opportunities
- 3.2.3.1. Surge in demand for energy-efficient devices
- 3.2.3.2. Growing investments in smart grid infrastructure
- 3.2.4. Challenges
- 3.2.4.1. Technical complexity in reducing eddy current losses
- 3.2.4.2. Supply chain disruptions affecting material availability
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Vietnam Soft Magnetic Materials Market: Marketing Strategies
- 5. Vietnam Soft Magnetic Materials Market: Pricing Analysis
- 6. Vietnam Soft Magnetic Materials Market Overview
- 6.1. Market Size & Forecast, 2019–2031
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Material Type
- 6.2.1.1. Silicon Steel
- 6.2.1.2. Ferrites
- 6.2.1.3. Amorphous Metals
- 6.2.1.4. Nickel Alloys
- 6.2.2. By Application
- 6.2.2.1. Power Transformers
- 6.2.2.2. Inductors & Chokes
- 6.2.2.3. Magnetic Storage Devices
- 6.2.2.4. Electric Motors
- 6.2.3. By Manufacturing Process
- 6.2.3.1. Cold Rolling
- 6.2.3.2. Powder Metallurgy
- 6.2.3.3. Sputtering
- 6.2.3.4. Casting
- 7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. Nigeria Insurance Company Market Share Analysis, 2024
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
- 8. Impact of Escalating Geopolitical Tensions on Vietnam Soft Magnetic Materials Market
- 9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 9.1. Hitachi Metals, Ltd
- 9.2. VACUUMSCHMELZE GmbH & Co. KG
- 9.3. Toshiba Materials Co., Ltd
- 9.4. Daido Steel Co., Ltd
- 9.5. Arnold Magnetic Technologies
- 9.6. GKN Powder Metallurgy
- 9.7. Mate Co., Ltd
- 9.8. Mahindra CIE Automotive Ltd
- 9.9. Sumitomo Metal Mining Co., Ltd
- 9.10. JFE Steel Corporation
- 9.11. POSCO
- 9.12. Other Prominent Players
- 10. Key Strategic Recommendations
- 11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1.Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1.Secondary Research
- 11.3.2.Primary Research
- 11.4. Breakdown of Primary Research Respondents, By Region
- 11.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 Vietnam Soft Magnetic Materials Market Segmentation
- Figure 2 Vietnam Soft Magnetic Materials Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 Vietnam Soft Magnetic Materials Market Size, By Value (USD Million), 2019–2031
- Figure 5 Vietnam Soft Magnetic Materials Market Share, By Material Type, By Value, 2019–2031
- Figure 6 Vietnam Soft Magnetic Materials Market Share, By Application Phase, By Value, 2019–2031
- Figure 7 Vietnam Soft Magnetic Materials Market Share, By Manufacturing Process, By Value, 2019–2031
- List of Tables
- Table 1 Vietnam Soft Magnetic Materials Market Size, By Value (USD Million), 2019–2031
- Table 2 Vietnam Soft Magnetic Materials Market Size, By Material Type, By Value, 2019–2031
- Table 3 Vietnam Soft Magnetic Materials Market Size, By Application, By Value, 2019–2031
- Table 4 Vietnam Soft Magnetic Materials Market Size, By Manufacturing Process, By Value, 2019–2031
- Table 5 Vietnam Soft Magnetic Materials Market Size, By Size, By Value, 2019–2031
- Table 6 Hitachi Metals, Ltd Company Overview
- Table 7 Hitachi Metals, Ltd Financial Overview
- Table 8 VACUUMSCHMELZE GmbH & Co. KG Company Overview
- Table 9 VACUUMSCHMELZE GmbH & Co. KG Financial Overview
- Table 10 Toshiba Materials Co., Ltd Company Overview
- Table 11 Toshiba Materials Co., Ltd Financial Overview
- Table 12 Daido Steel Co., Ltd Company Overview
- Table 13 Daido Steel Co., Ltd Financial Overview
- Table 14 Arnold Magnetic Technologies Company Overview
- Table 15 Arnold Magnetic Technologies Financial Overview
- Table 16 GKN Powder Metallurgy Company Overview
- Table 17 GKN Powder Metallurgy Financial Overview
- Table 19 Mate Co., Ltd Financial Overview
- Table 20 Mahindra CIE Automotive Ltd Company Overview
- Table 21 Mahindra CIE Automotive Ltd Financial Overview
- Table 22 Sumitomo Metal Mining Co., Ltd Company Overview
- Table 23 Sumitomo Metal Mining Co., Ltd Financial Overview
- Table 24 JFE Steel Corporation Company Overview
- Table 25 JFE Steel Corporation Financial Overview
- Table 26 POSCO Company Overview
- Table 27 POSCO Financial Overview
Pricing
Currency Rates
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