Nanocrystalline Soft Magnetic Material Market Size, Share, Growth and Industry analysis, By Type (14~18µm Thickness, 18~22µm Thickness, 22~26µm Thickness, Others), By Application (Consumer Electronics, Renewable Energy, Electric Power, Aerospace, Medical, Transportation, Others) and Regional Forecast to 2034

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NANOCRYSTALLINE SOFT MAGNETIC MATERIAL MARKET OVERVIEW

The global nanocrystalline soft magnetic material market size was valued at USD 0.455 billion in 2025 and is expected to reach USD 1.417 billion by 2034, growing at a compound annual growth rate (CAGR) of about 13.44% from 2025 to 2034.

The United States Nanocrystalline Soft Magnetic Material Market size is projected at USD 0.1444 Billion in 2025, the Europe Nanocrystalline Soft Magnetic Material Market size is projected at USD 0.1145 Billion in 2025, and the China Nanocrystalline Soft Magnetic Material Market size is projected at USD 0.1399 Billion in 2025.

Materials based on Fe, Si, and B as well as Nb and Cu are known as nanocrystalline alloys. They start off as amorphous quick solidification products, which are then heated to a crystallization temperature of between 500 and 600 ° C. This leads to the formation of nanocrystals, which are very small grains with a grain size of 10 nanometers. These nanocrystalline alloys have a high magnetic flux density BS, low magnetic anisotropy, low magnetostriction, and strong thermal stability. It is mostly being used in automotive industry and also consumer electronics.

The need for nanocrystalline soft magnetic materials in the power and energy sector is rising as a result of the expanding worldwide population, expanding manufacturing operations, and quickening infrastructure projects. The segment "electrical steel" has the highest revenue share of all the other segments. Iron-silicon alloys are also utilized in a variety of applications, such as transformer cores, because silicon shortens the magnetization's length and improves electrical resistivity. Additionally, rising expenditures in the manufacturing of medical devices are driving the production of motors, transformers, electric vehicle manufacturing, the power transmission industry, and generators, which are anticipated to increase demand for soft magnetic materials globally.

NANOCRYSTALLINE SOFT MAGNETIC MATERIAL MARKET KEY FINDINGS

COVID-19 IMPACT

 COVID-19 to Disrupt the Supply and Demand Chain in the Market

Nanocrystalline soft magnetic materials have been negatively impacted by the COVID-19 pandemic in terms of supply and demand. The demand for medical devices like ventilators has increased as a result of the pandemic, which proportionally increased the need of motors for optimal control, regulated airflow, high force density, and little noise. Because of the rise in patients across the globe brought on by the coronavirus, there is an increased demand for ventilators, which is likely to raise demand for motors and ultimately augment the expansion of the soft magnetic material market.

LATEST TRENDS

Nanocrystalline Soft Magnetic Material Market to Experience Rapid Growth

In order to get a competitive advantage, the big corporations are typically refocusing their efforts on creating novel and cutting-edge products and expanding their production capabilities into the soft magnetic material industry. It is anticipated that the development of soft magnetic materials with nanostructures will lead to the invention of new uses that will greatly expand the market for soft magnetic materials. The various market growth chances are made even more available by the expanding investments made by the key industry players. As an illustration, Hydro-Québec announced a July 2019 investment to support Dana TM4's expansion in the electric powertrain sector. A joint venture business called Dana TM4 has made electric motor production and design its main priority.

• According to China’s Ministry of Industry and Information Technology via the U.S. Geological Survey’s Mineral Commodity Summaries 2024, Beijing raised its 2023 rare-earth mining quota to 240,000 t REO equivalent (up from 210,000 t in 2022), bolstering feedstock availability for nanocrystalline ribbon manufacturers

• According to the U.S. Geological Survey, global mine production of rare-earths reached 350,000 t REO equivalent in 2023 (versus 300,000 t in 2022), underpinning higher volumes of soft-magnetic alloy output worldwide

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NANOCRYSTALLINE SOFT MAGNETIC MATERIAL MARKET SEGMENTATION

 By Type Analysis

According to type, the market can be segmented into 14~18μm Thickness, 18~22μm Thickness, 22~26μm Thickness, and Others amongst which the 14-18 μm Thickness is anticipated to be the largest segment.

 By Application Analysis

Based on application, the market can be divided into Consumer Electronics, Renewable Energy, Electric Power, Aerospace, Medical, Automotive and Transportation, and Others amongst which consumer electronics and automotive transportation are expected to be the largest segments

DRIVING FACTORS

Growing Demand for Electric Motors to Surge Nanocrystalline Soft Material Market Growth

The market's main revenue-generating segments are those for electric motors. Electric motors are used in a wide range of end-use sectors, such as electric transportation, electric power transmission, consumer electronics, and medical equipment. Electric motors were employed in the production of medical devices and apparatus including hemodialysis machines, premium pumps, infusion pumps, compressors, respirators, centrifuges, scanners, and others. The demand for nanocrystalline soft magnetic materials is predicted to rise along with the demand for electric motors in medical equipment and many other types of equipment, which will accelerate market expansion.

• According to the U.S. Department of Energy, in 2023 $63.5 million was awarded under ARPA-E’s “Seeding Critical Advances” program to advanced-materials projects—many explicitly targeting low-loss, high-frequency magnetic cores

• According to the U.S. Geological Survey, U.S. rare-earth concentrate production rose to 43,000 t in 2023 (a 2.4 % increase over 2022), helping secure domestic supply chains for nanocrystalline-core processors

Escalating Need for Soft Magnetic Materials in the Automobile Industry to Augment the Market Growth

The automobile industry is seeing an upsurge in demand for nanocrystalline soft magnetic materials. The automotive industry is anticipated to develop at the highest rate and be the market's largest end-user during the period of forecasting. Motors, compressors, anti-lock brake systems, fuel injectors, and other rotating devices are among the primary automotive applications that are anticipated to drive the market's growth rate.

RESTRAINING FACTORS

High Cost of the Raw Materials for Soft Magnets to Restrain the Nanocrystalline Soft Magnetic Materials Market Growth

Unexpected changes in the price of soft magnetic raw material are predicted to impede the market expansion for nanocrystalline soft magnetic materials. As a result, it hampered the flow of soft magnetic raw materials and presented difficulties for producers. Since consumers and buyers are entirely focused on using a less expensive and affordable yet effective alternative of this particular product, the high cost of these materials is a factor greatly accountable for the declining demand for the product. This could have an impact on the nanocrystalline soft magnetic material market share and revenue systems, slowing their proliferating growth during the forecasted period.

• According to the U.S. Geological Survey, 95 % of global rare-earth processing occurs in China, which in 2023 allocated 220,850 t of light-REE quotas and 19,150 t of ion-adsorption-clay quotas—creating concentration risk for downstream nanocrystalline producers outside China

• According to the U.S. Geological Survey’s 2024 report, the top three mine-producing countries (China 240 000 t, U.S. 43 000 t, Australia 18 000 t in 2023) together accounted for 87 % of global mine output, limiting supplier diversification for nanocrystalline feedstock

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NANOCRYSTALLINE SOFT MAGNETIC MATERIAL MARKET REGIONAL INSIGHTS

North America to Dominate the Nanocrystalline Soft Magnetic Material Market

In North America, the energy and electricity, telecommunications, and aerospace industries all use nanocrystalline soft magnetic materials. Due to the high permeability characteristics of soft magnetic materials, it has enormous demand in the energy and power business for electricity production and the aircraft industry in APUs. The market for soft magnetic materials has prospects for growth due to the increase in demand for new airplanes and electricity. The market benefits from the usage of soft magnetic materials in aviation engines. The market for soft magnetic materials is driven by the increase in energy production from new renewable sources, which ultimately results in an increase in transformer usage. The rise of the American market is driven by an increase in aircraft shipments.

The region of Asia pacific is anticipated to be the second largest growing shareholders of the nanocrystalline soft magnetic material market globally. As the automotive industry and various telecommunications and electronics industry are growing rapidly in this region, Asia Pacific is attributing the market expansion worldwide.

KEY INDUSTRY PLAYERS

Key Players Focus on Partnerships to Gain a Competitive Advantage

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

• Henan Zhongyue: According to WIPO’s PCT Yearly Review 2025, applications from China accounted for 24.3 % of the ≈ 300 000 global PCT filings in 2023—roughly 72,900 filings, underscoring Chinese leadership (incl. Henan Zhongyue) in magnetic-material innovation.

• Russian-origin filings made up 0.2 % of the 300 000 PCT applications in 2023—about 600 filings—reflecting MSTATOR’s share of nascent nanocrystalline R&D.

List of Top Nanocrystalline Soft Magnetic Material Companies

• Henan Zhongyue
• OJSC MSTATOR
• Bomatec
• Londerful New Material
• VACUUMSCHMELZE
• Qingdao Yunlu
• Foshan Huaxin
• Orient Group
• Hitachi Metal
• China Amorphous Technology
• Advanced Technology

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.