Published by Jessica Weisman-Pitts
Posted on April 8, 2025
Multi-Faceted Properties of Nanocrystalline Soft Magnetic Materials Driving Their Use in Several Industries Such as Electronics and Medical: Fact.MR Analysis
According to this recently updated report by Fact.MR, a market research and competitive intelligence provider, rising demand for high-performance magnetic materials across various industries, from electronics to aerospace, is set to increase the size of the global Nanocrystalline Soft Magnetic Material Market from US$ 7.79 billion in 2024 to US$ 20.58 billion by 2034.
Ongoing technological advancements are set to improve the characteristics and effectiveness of nanocrystalline soft magnetic materials. Advancements in manufacturing techniques and classification are further expanding the application areas of nanocrystalline soft magnetic materials. These soft magnetic composites are also finding extensive applications in technologies such as 5G networks, consumer electronics, and wireless charging systems.
Shift toward electric mobility is a significant trend driving sales of nanocrystalline soft magnetic materials. These advanced materials are widely adopted by the automotive sector to improve the efficiency and performance of power trains. Nanocrystalline soft magnetic materials also play a vital role in improving the efficiency of electric motors.
In the medical sector, nanocrystalline soft magnetic materials are increasingly used in the production of various medical devices and diagnostic equipment such as magnetic resonance imaging (MRI). Biocompatibility and corrosion resistance qualities are driving adoption of nanocrystalline soft magnetic materials in medical implants.
Click to Request a Sample of this Report for Additional Market Insights: https://www.factmr.com/connectus/sample?flag=S&rep_id=771
Nanocrystalline Soft Magnetic Material Industry News & Trends:
Research interest in nanocrystalline soft magnetic materials is being driven by their distinctive microstructure and appealing magnetic characteristics. The benefits of combining various desirable properties are currently the focus of research efforts for these materials, leading to the creation of WC-Co nano-composites and bulk nano-structured soft magnetic alloys based on iron. Manufacturers of nanocrystalline soft magnetic materials are thus able to investigate new application areas and achieve significant profit margins thanks to R&D initiatives.
For soft magnetic composites used in gap motors, JFE Steels introduced DenjiroTM insulation-coated pure iron powder in 2022.
Key Takeaways from Nanocrystalline Soft Magnetic Material Market Study
Global demand for nanocrystalline soft magnetic materials is expected to increase at a CAGR of 10.2% from 2024 to 2034. The market in the United States is projected to reach US$ 3.7 billion by 2034.
Sales of nanocrystalline soft magnetic materials in South Korea are foreseen to rise at a CAGR of 12.3% during the next 10 years. Three dimensional nanocrystalline soft magnetic material demand is calculated at a market value of US$ 3.8 billion in 2024.
“Unique magnetic properties such as high permeability are driving nanocrystalline soft magnetic material use in miniature component manufacturing,” says Fact.MR analyst.
Get a Custom Analysis for Targeted Research Solutions:https://www.factmr.com/connectus/sample?flag=S&rep_id=771
Market Competition
The nanocrystalline soft magnetic material market is highly competitive. To sustain in this market various industry leaders are adopting strategies such as product innovations and investments in R&D. The continuous focus on innovation is set to drive sales of advanced nanocrystalline soft magnetic materials. Furthermore, strategies such as global expansion are set to boost their market reach and presence.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global nanocrystalline soft magnetic material market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights on the market based on classification (one dimensional, two dimensional, three dimensional), application (transformers, motors, inductors, generators), and end-use industry (consumer electronics & applications, healthcare, automotive, semiconductors, others), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).
Explore More Related Studies Published by Fact.MR Research:
BOPP Packaging Film Market is expanding from an estimated $25.9 billion in 2024 to a colossal $44.6 billion by 2034, fueled by an impressive CAGR of 5.6%.
Window Blinds Market projected to reach US$ 2.99 billion by 2024, with an impressive 5.8% CAGR, crossing US$ 4.69 billion by 2034.
Camping Stove Market is projected to reach US$ 540.8 million in 2024, and it is anticipated to exceed US$ 839.8 million at 4.5% CAGR through 2034.
Cat Litter Box Market is estimated to be valued at US$ 1.99 billion in 2024 and is set to cross US$ 3.18 billion with a CAGR of 4.8% through 2034.
Outdoor Garden Furniture Market is expanding from an estimated $21.6 billion in 2024 to a colossal $45 billion by 2034, fueled by a CAGR of 7.6%.
The Cigar & Cigarillo Market is expanding from an estimated $23.5 billion in 2024 to a colossal $37.9 billion by 2034, fueled by an impressive CAGR of 4.9%.
The Leather Luggage & Goods Market is expanding from an estimated $295.4 billion in 2024 to a colossal $524 billion by 2034, fueled by a CAGR of 5.9%.
The Pool Float Market is expanding from an estimated $1.02 billion in 2024 to a colossal $1.94 billion by 2034, fueled by a CAGR of 6.6%.
Explore more articles in the Research Reports category
