Soft Magnetic Powder Market by Product, End-users, and Geography - Global Forecast and Analysis 2019-2023

Soft Magnetic Powder Market by Product, End-users, and Geography - Global Forecast and Analysis 2019-2023

Global Soft Magnetic Powder Market: About this market

Technavio’s soft magnetic powder market analysis considers sales from electrical steel, cold-rolled lamination steel, soft ferrites, amorphous steel, and other products. Our analysis report also considers considers the sales of soft magnetic powder in APAC, Europe, North America, South America, and MEA. In 2018, the electrical steel segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the significant growth ofubstantial growth in the power transformer market will play a significant vital role in the electrical steel segment to maintain its market position. Also, our global soft magnetic powder market report looks at factors such as increasing adoption of electric motors in automotive applications, the surge in transformers installations, and growth in data center infrastructure. However, volatility in raw material prices, high failure rate of electronic components, cyclical nature of the electronics industry may hamper the growth of the soft magnetic powder industry over the forecast period.

Global Soft Magnetic Powder Market: Overview

Increasing adoption of electric motors in automotive applications

Emissions from fossil fuel-based vehicles account for a significant share of global air pollution. The adoption of electric vehicles (EVs) offers an effective solution to resolve this issue as EVs use electric motors and electricity instead of an engine and fossil fuels, respectively. This has led to an increase in the adoption of electric motors in automotive applications. The recent transition to green technologies in the automotive industry is prompting OEMs to improve electric motors. The growth of the hybrid vehicle and the cost of hybrid passenger cars are crucial factors for the automotive motors market. The reduction in the prices of hybrid passenger cars, technological improvements in hybrid and electric cars, along with government initiatives, are likely to increase the adoption of automotive motors, and thereby. boost the demand for soft magnetic powder. This will lead to the expansion of the global soft magnetic powder market at a CAGR of almost 10% during the forecast period.

The growing use of silicon steel in electrical and electronics industry

Silicon steel is used to produce most motor laminations. The addition of silicon to the steel increases the electrical resistance of the motor lamination and improves the ability of magnetic fields to penetrate it and consequently reduces the hysteresis loss in the steel. The addition of silicon to steel also makes the steel more efficient and faster in terms of building and maintaining magnetic fields and, at the same time, reduces corrosion. Silicon steel is used in several electrical applications, such as electrical stators/rotors and motors, coils, magnetic coils, and transformers where the electromagnetic field plays an important role. This motor laminate material is extensively used in motion control products where the additional costs are justified by the enhancements in performance. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global soft magnetic powder market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global soft magnetic powder market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position. , and in In line with this, this report provides a detailed analysis of several leading soft magnetic powder manufacturers, that include Arnold Magnetic Technologies, DEXTER MAGNETIC TECHNOLOGIES, FJ Industries AS, Hitachi Metals Ltd., Höganäs AB, SG Technologies Ltd., Sintex AS, Steward Advanced Materials LLC., Sumitomo Metal Mining Co. Ltd., and VACUUMSCHMELZE GmbH & Co. KG.

Also, the soft magnetic powder market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Vendor key offerings
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global metals and mining market
      • Table Segments of global metals and mining market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 (thousand t)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Electrical steel - Market size and forecast 2018-2023
      • Table Electrical steel - Market size and forecast 2018-2023 (thousand t)
      • Table Electrical steel - Year-over-year growth 2019-2023 (%)
    • Cold-rolled lamination steel - Market size and forecast 2018- 2023
      • Table Cold-rolled lamination steel - Market size and forecast 2018-2023 (thousand t)
      • Table Cold-rolled lamination steel - Year-over-year growth 2019-2023 (%)
    • Soft ferrites - Market size and forecast 2018-2023
      • Table Soft ferrites - Market size and forecast 2018-2023 (thousand t)
      • Table Soft ferrites - Year-over-year growth 2019-2023 (%)
    • Amorphous steel - Market size and forecast 2018-2023
      • Table Amorphous steel - Market size and forecast 2018-2023 (thousand t)
      • Table Amorphous steel - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 (thousand t)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Electrical and electronics - Market size and forecast 2018- 2023
      • Table Electrical and electronics - Market size and forecast 2018-2023 (thousand t)
      • Table Electrical and electronics - Year-over-year growth 2019-2023 (%)
    • Automotive - Market size and forecast 2018-2023
      • Table Automotive - Market size and forecast 2018-2023 (thousand t)
      • Table Automotive - Year-over-year growth 2019-2023 (%)
    • Telecommunication - Market size and forecast 2018-2023
      • Table Telecommunication - Market size and forecast 2018-2023 (thousand t)
      • Table Telecommunication - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 (thousand t)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 (thousand t)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 (thousand t)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 (thousand t)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 (thousand t)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 (thousand t)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Technological advances in transformers
    • Growing use of silicon steel in electrical and electronics industry
    • Increasing investment opportunities in APAC
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Arnold Magnetic Technologies
      • Table Arnold Magnetic Technologies - Vendor overview
      • Table Arnold Magnetic Technologies - Product segments
      • Table Arnold Magnetic Technologies - Key offerings
    • DEXTER MAGNETIC TECHNOLOGIES
      • Table DEXTER MAGNETIC TECHNOLOGIES - Vendor overview
      • Table DEXTER MAGNETIC TECHNOLOGIES - Product segments
      • Table DEXTER MAGNETIC TECHNOLOGIES - Key offerings
    • FJ Industries AS
      • Table FJ Industries AS - Vendor overview
      • Table FJ Industries AS - Business segments
      • Table FJ Industries AS - Key offerings
    • Hitachi Metals Ltd.
      • Table Hitachi Metals Ltd. - Vendor overview
      • Table Hitachi Metals Ltd. - Business segments
      • Table Hitachi Metals Ltd. - Geographic focus
      • Table Hitachi Metals Ltd. - Segment focus
      • Table Hitachi Metals Ltd. - Key offerings
    • Höganäs AB
      • Table Höganäs AB - Vendor overview
      • Table Höganäs AB - Business segments
      • Table Höganäs AB - Key offerings
    • SG Technologies Ltd.
      • Table SG Technologies Ltd. - Vendor overview
      • Table SG Technologies Ltd. - Product segments
      • Table SG Technologies Ltd. - Key offerings
    • Sintex AS
      • Table Sintex AS - Vendor overview
      • Table Sintex AS - Product segments
      • Table Sintex AS - Key offerings
    • Steward Advanced Materials LLC.
      • Table Steward Advanced Materials LLC. - Vendor overview
      • Table Steward Advanced Materials LLC. - Product segments
      • Table Steward Advanced Materials LLC. - Key offerings
    • Sumitomo Metal Mining Co. Ltd.
      • Table Sumitomo Metal Mining Co. Ltd. - Vendor overview
      • Table Sumitomo Metal Mining Co. Ltd. - Business segments
      • Table Sumitomo Metal Mining Co. Ltd. - Organizational developments
      • Table Sumitomo Metal Mining Co. Ltd. - Segment focus
      • Table Sumitomo Metal Mining Co. Ltd. - Key offerings\
    • VACUUMSCHMELZE GmbH & Co. KG
      • Table VACUUMSCHMELZE GmbH & Co. KG - Vendor overview
      • Table VACUUMSCHMELZE GmbH & Co. KG - Product segments
      • Table VACUUMSCHMELZE GmbH & Co. KG - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook