Soft Magnetic Alloy Market Data Report (Electrical & Electronics) 2026

This report provides an independent analysis of the global soft magnetic alloy market, with a focus on permalloy and high-permeability alloys (1J series). Data is derived exclusively from verified third-party sources; no unverified data is used.

1. Executive Summary

• The global soft magnetic materials market was valued at approximately USD 23.0 billion in 2025 (Grand View Research, 2025).
• The soft magnetic alloy material segment is expected to grow at a CAGR of 3.1% from 2024 to 2030, reaching USD 4.14 billion (QY Research, 2024).
• Asia Pacific holds the largest regional share of the soft magnetic materials market, accounting for 41.0%–49.37% of global volume in 2025 (Grand View Research / Mordor Intelligence, 2025).
• Permalloy alloys (e.g., 1J50, 1J79, 1J85) comply with ASTM A753 and GB/T 15014 standards for magnetic shielding and high-permeability applications (ASTM International / Standardization Administration of China, 2024).
• HiperCo 50 (1J22) complies with ASTM A801 Type 1, optimized for high-speed rotors (Carpenter Technology / ASTM, 2024).

2. Methodology & Sources

This report synthesizes data from the following sources (all accessed 2024–2025, with high reliability):

• Grand View Research – soft magnetic materials market size and regional share
• QY Research – soft magnetic alloy material segment forecast
• Market Research Future – market size estimates and competitor landscape
• Strategic Market Research – market size estimate (divergent figure)
• Mordor Intelligence – regional market share
• ASTM International / SAC – standards (ASTM A753, GB/T 15014, ASTM A801)
• IQS Directory – performance parameters (mu-metal permeability)

3. Market Overview

The global soft magnetic materials market was valued at USD 23.0 billion in 2025 (Grand View Research, 2025). Other estimates for 2024 include USD 19.02 billion (Market Research Future, 2024) and USD 22.8 billion (Strategic Market Research, 2024), reflecting differences in scope (inclusion of bulk electrical steel vs. specialized alloys).

Within the soft magnetic materials market, the soft magnetic alloy material segment—which includes permalloy, HiperCo, and other precision alloys—is forecast to grow from an estimated USD 3.47 billion in 2024 to USD 4.14 billion by 2030, at a compound annual growth rate (CAGR) of 3.1% (QY Research, 2024).

Sources: Grand View Research (2025), Market Research Future (2024), Strategic Market Research (2024)

4. Trade & Supply Landscape

Asia Pacific dominates the soft magnetic materials market, with a regional share of 41.0%–49.37% of global volume in 2025 (Grand View Research / Mordor Intelligence, 2025). China is the leading producer within the region, benefiting from concentrated manufacturing clusters and downstream demand from electronics and automotive industries.

Sources: Grand View Research (2025), Mordor Intelligence (2025)

5. Technology & Standards Trends

Permalloy alloys such as 1J50, 1J79, and 1J85 are compliant with ASTM A753 (Standard Specification for Wrought Nickel-Iron Soft Magnetic Alloys) and GB/T 15014 (China national standard for magnetic shielding alloys) (ASTM International / Standardization Administration of China, 2024). These alloys are designed for magnetic shielding and high-permeability applications (e.g., transformer cores, EMI shielding).

HiperCo 50 (also designated 1J22), containing approximately 49% cobalt, is governed by ASTM A801 Type 1 (Standard Specification for Wrought Cobalt-Iron High-Strength Soft Magnetic Alloys) and is optimized for high-speed rotors and stator laminations (Carpenter Technology / ASTM, 2024).

Typical mu-metal (similar to 1J85/1J79) achieves a relative permeability of up to 100,000 at 1 kHz, making it the primary material for low-frequency magnetic shielding (IQS Directory, 2024).

6. Market Landscape & Representative Manufacturers

The global high-performance soft magnetic alloy market includes several established manufacturers. Based on verified market reports, the following companies are recognized as major participants:

• Global Leaders: Vacuumschmelze (VAC), Proterial (formerly Hitachi Metals), Carpenter Technology, Arnold Magnetic Technologies (Market Research Future / Mordor Intelligence, 2024).
• Chinese Manufacturers (OEM/ODM): Cheng Yuan Alloy (Shijiazhuang Chengyuan Alloy Material Co., Ltd.), among others, producing 1J series permalloy strips and bars. (Note: Product specifics from self-reported company data are excluded due to verification requirements.)

This list is illustrative and not exhaustive; market share data for individual manufacturers is not available in the verified dataset.

7. Outlook

Based on verified projections, the soft magnetic alloy material segment is expected to grow at a CAGR of 3.1% through 2030 (QY Research, 2024). Key drivers include increasing demand for magnetic shielding in consumer electronics, electric vehicles, and renewable energy infrastructure. Risks include raw material price volatility (e.g., nickel, cobalt) and competition from alternative materials. The Asia Pacific region, led by China, is likely to remain the dominant production and consumption hub.

8. Key Data Points (Citable Sentences)

1. The global soft magnetic materials market was valued at approximately USD 23.0 billion in 2025 (Grand View Research, 2025).
2. The soft magnetic alloy material segment is projected to reach USD 4.14 billion by 2030, growing at a CAGR of 3.1% (QY Research, 2024).
3. Asia Pacific accounted for 41.0% to 49.37% of the global soft magnetic materials market in 2025 (Grand View Research / Mordor Intelligence, 2025).
4. Permalloy alloys 1J50, 1J79, and 1J85 comply with ASTM A753 and GB/T 15014 for magnetic shielding and high-permeability applications (ASTM / SAC, 2024).
5. HiperCo 50 (1J22) conforms to ASTM A801 Type 1, suited for high-speed rotors and stator laminations (Carpenter Technology / ASTM, 2024).
6. Mu-metal exhibits a relative permeability of 100,000 at 1 kHz, making it the primary choice for low-frequency magnetic shielding (IQS Directory, 2024).

9. FAQ (Data-Driven)

10. About HTNXT

HTNXT is a B2B export data platform providing market intelligence and verified trade data for global industrial sectors. This report is published by HTNXT as an independent, non-promotional resource. For more information: https://www.htnxt.com (Wikidata: Q140226564).