Soft Magnetic Composites SMCs Sales

Soft Magnetic Composites (SMCs) Sales Market Outlook

The global Soft Magnetic Composites (SMCs) market is projected to reach a value of approximately USD 3 billion by 2035, growing at a compound annual growth rate (CAGR) of around 6.5% during the forecast period from 2025 to 2035. This growth is primarily attributed to the increasing demand for efficient energy solutions across various industries, including automotive and electronics, alongside the ongoing technological advancements that enhance the performance of SMCs. Additionally, the rising emphasis on reducing energy losses in electrical devices has led to the growing adoption of SMCs, which exhibit superior magnetic properties and lower energy dissipation. The integration of SMCs in various applications enhances operational efficiency and contributes to significant cost savings for manufacturers, ultimately fostering market expansion. As industries strive for sustainability and energy efficiency, the SMCs market is poised for robust growth in the coming years.

Growth Factor of the Market

One of the primary growth factors driving the Soft Magnetic Composites (SMCs) market is the increasing adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs). As the automotive industry transitions toward electrification, there is a heightened demand for magnetic materials that can improve motor efficiency and overall vehicle performance. Furthermore, advancements in manufacturing techniques, including additive manufacturing, allow for the production of intricate designs using SMCs, thereby expanding their application potential. The growing demand for renewable energy solutions, such as wind and solar power systems, also fuels the need for efficient magnetic materials capable of handling high-frequency operations. Moreover, the rise of smart electronics and IoT devices necessitates the integration of SMCs in smaller, high-performance components, driving up demand in the electronics sector. These trends collectively create a favorable environment for the growth of the SMCs market.

Key Highlights of the Market

• The SMCs market is witnessing heightened demand in the automotive sector, particularly for electric and hybrid vehicles.
• Technological advancements in manufacturing processes are enhancing the performance characteristics of SMCs.
• The focus on energy efficiency and sustainability is driving the adoption of SMCs across various applications.
• The integration of SMCs in renewable energy solutions is contributing to market growth.
• Asia Pacific is anticipated to dominate the SMCs market due to rapid industrialization and increasing manufacturing capabilities.

By Product Type

Powder Core:

The powder core segment is a significant category within the SMCs market, primarily due to its versatility and ease of manufacturing. Powder cores are composed of fine magnetic particles sintered together to create a composite material that offers excellent magnetic properties with low energy losses. This type of SMC is widely used in inductors and transformers, where efficiency is paramount. The growing demand for energy-efficient devices further propels the powder core segment, as manufacturers are increasingly seeking materials that minimize core losses and enhance overall performance. Additionally, advancements in powder metallurgy techniques are improving the production processes and reducing costs, making powder cores an attractive option for various applications.

Ribbon:

The ribbon type SMCs are another crucial segment that has gained traction in the market due to their unique characteristics, such as high permeability and low core losses. These ribbons are produced by rolling or drawing out metal alloys and are primarily utilized in high-frequency applications, including transformers and inductors. The demand for ribbon SMCs is escalating, driven by the increasing need for compact and efficient power conversion devices in modern electronics. Furthermore, the ability to tailor the magnetic properties of ribbon SMCs for specific applications enhances their appeal, enabling manufacturers to develop custom solutions that meet stringent performance criteria. This adaptability has established ribbon SMCs as a vital component in next-generation electronic systems.

Flake:

Flake SMCs represent a segment characterized by their distinctive shape and structure, which contribute to their excellent magnetic performance. These materials consist of flakes of soft magnetic metals, providing enhanced surface contact and reduced energy losses. The flake type is particularly beneficial in applications requiring high saturation magnetization and low coercivity, such as in high-efficiency motors and transformers. The market for flake SMCs is witnessing growth due to their compatibility with modern manufacturing processes and the increasing focus on lightweight, compact designs in electrical devices. Manufacturers are leveraging flake SMCs to improve the energy efficiency of their products, making them a critical component in the evolution of sustainable energy technologies.

Amorphous:

Amorphous SMCs are gaining significant traction in the market, primarily owing to their unique structural properties that result in lower energy losses and higher performance in magnetic applications. Unlike crystalline materials, amorphous SMCs exhibit isotropic magnetic properties, which enhance their effectiveness in various applications, particularly in transformers and inductors. The demand for amorphous SMCs is experiencing robust growth fueled by the increasing emphasis on energy efficiency in industrial and commercial applications. Their ability to operate effectively at high frequencies makes them suitable for modern electrical devices that require high-performance materials to meet stringent energy-saving standards. As the industry moves towards more sophisticated magnetic solutions, amorphous SMCs are poised to play a pivotal role in driving innovation and efficiency in the sector.

By Application

Motors:

In the application segment, motors are one of the leading areas leveraging Soft Magnetic Composites (SMCs) due to their significance in electrical machinery. SMCs are extensively used in the manufacturing of electric motors, where their superior magnetic properties contribute to improved efficiency and performance. The increasing demand for energy-efficient motors across various industries, including automotive, aerospace, and industrial automation, is driving the adoption of SMCs. Additionally, advancements in motor design, such as the integration of SMCs in rotor and stator components, allow for higher power densities and reduced energy losses. This trend is particularly relevant in the context of electric vehicles and robotics, where performance and energy efficiency are paramount.

Transformers:

Transformers represent another critical application for Soft Magnetic Composites, as these materials enhance the operational efficiency of power distribution and conversion systems. The use of SMCs in transformers enables manufacturers to achieve lower core losses, making them ideal for applications in renewable energy systems, power electronics, and electric grids. The push towards smart grids and the increasing reliance on renewable energy sources are propelling the demand for efficient transformers, thus driving the adoption of SMCs. Moreover, advancements in transformer design, coupled with the need for compact and lightweight solutions, further facilitate the integration of SMCs, ensuring optimal performance and energy savings in transformer applications.

Inductors:

Inductors are another vital application area for Soft Magnetic Composites, where their high permeability and low core losses significantly enhance performance. SMCs are utilized in various types of inductors, including power inductors, RF inductors, and choke coils, across multiple industries. The growing demand for high-frequency applications, particularly in telecommunications and consumer electronics, is driving the need for effective inductors equipped with SMCs. As the market for electronic devices continues to expand, manufacturers are increasingly focusing on optimizing the performance of inductors while minimizing physical size and weight, making SMCs an ideal solution for modern inductor designs.

Sensors:

Sensors are emerging as a significant application for Soft Magnetic Composites, driven by the increasing need for accurate and efficient detection mechanisms in various sectors. The unique properties of SMCs allow for the development of highly sensitive magnetic sensors, which are essential in applications such as automotive systems, industrial automation, and consumer electronics. The integration of SMCs in sensors enhances their performance, enabling faster response times and lower power consumption. As industries strive for greater automation and smarter technologies, the demand for SMC-based sensors is expected to grow, further contributing to the overall expansion of the SMCs market.

Others:

In addition to the key applications mentioned, the 'Others' category encompasses various innovative uses of Soft Magnetic Composites across niche markets. This includes specialized applications in aerospace, defense, and medical devices, where high-performance magnetic materials are essential for reliability and efficiency. The versatility of SMCs allows for their integration into a wide range of products, from advanced medical imaging equipment to aerospace systems that require lightweight and efficient magnetic components. As research and development continue to uncover new applications for SMCs, this segment is likely to experience growth, driven by technological advancements and the pursuit of high-performance solutions in diverse industries.

By User

Automotive:

The automotive sector is a dominant user of Soft Magnetic Composites, particularly with the rising trend of electrification in vehicles. As automotive manufacturers develop more electric and hybrid vehicles, the demand for efficient magnetic materials that contribute to motor performance and energy efficiency is surging. SMCs are utilized in various components, including electric motors, alternators, and sensors, helping to enhance overall vehicle efficiency. Moreover, the growing emphasis on reducing carbon emissions and improving fuel economy in the automotive industry is further driving the adoption of SMCs, as manufacturers seek to implement advanced technologies that reduce energy losses in electrical systems.

Electronics:

The electronics sector is another significant user of Soft Magnetic Composites, with an increasing reliance on compact and efficient components. SMCs are integral to the development of high-performance inductors, transformers, and sensors used in consumer electronics, telecommunications, and computing devices. As the demand for smaller and more efficient electronic products continues to rise, manufacturers are turning to SMCs to achieve superior performance while minimizing physical dimensions. The trend toward smart devices, IoT, and high-frequency applications is propelling the adoption of SMCs in various electronic devices, ensuring they meet the needs of modern technology.

Energy:

In the energy sector, Soft Magnetic Composites play a crucial role in enhancing the efficiency of power generation, distribution, and conversion systems. SMCs are predominantly used in transformers and inductors, where their superior magnetic properties contribute to reduced core losses and improved energy efficiency. The push toward renewable energy sources, such as wind and solar, is further driving the demand for efficient magnetic materials in energy applications. Additionally, as the world transitions to smart grids that require advanced power management solutions, the integration of SMCs is becoming increasingly important, establishing a strong position for SMCs within the energy sector.

Industrial:

The industrial sector is another significant user of Soft Magnetic Composites, where they are employed in various applications such as motors, sensors, and transformers. SMCs are integral in enhancing the performance of industrial machinery, ensuring the reliable operation of equipment across manufacturing plants and production lines. The growing emphasis on automation and smart manufacturing technologies is driving the demand for efficient magnetic materials that can improve operational efficiency and reduce energy consumption. As industries continue to adopt advanced technologies and strive for increased productivity, the role of SMCs in the industrial sector will become increasingly vital.

Aerospace & Defense:

The aerospace and defense sector presents a unique and demanding environment for the application of Soft Magnetic Composites. SMCs are utilized in critical components such as sensors and actuators that require high reliability and performance under stringent conditions. The need for lightweight and efficient materials in aerospace applications is driving the adoption of SMCs, as they contribute to overall weight reduction while maintaining optimal performance. Additionally, the defense industry continually seeks advanced technologies that enhance system capabilities, making SMCs an attractive option for developing high-performance magnetic components in defense applications. This sector's stringent requirements and focus on innovation position SMCs as a key contributor to advancements in aerospace and defense technologies.

By Distribution Channel

Direct Sales:

Direct sales represent a significant distribution channel for Soft Magnetic Composites, allowing manufacturers to establish a direct relationship with customers and tailor solutions to meet their specific needs. This approach enables companies to provide comprehensive support, from product selection to technical assistance, ensuring that clients receive high-quality SMCs optimized for their applications. The direct sales model is particularly beneficial in industries such as automotive and aerospace, where specialized knowledge and technical expertise are crucial. As manufacturers increasingly seek customized solutions, the direct sales channel is poised to grow, fostering stronger partnerships between producers and end-users.

Indirect Sales:

The indirect sales channel encompasses distributors, agents, and retailers that facilitate the sale of Soft Magnetic Composites to end-users across various sectors. This distribution model allows manufacturers to reach a broader audience and penetrate diverse markets more effectively. Indirect sales are particularly advantageous in regions where direct sales may be less feasible due to geographical constraints or lack of local presence. As the demand for SMCs continues to rise, leveraging an indirect sales approach can help manufacturers establish their products in established and emerging markets, allowing for greater accessibility and market penetration.

By Region

The regional analysis of the Soft Magnetic Composites (SMCs) market reveals significant variations in demand and growth opportunities across different areas. North America is expected to account for a substantial portion of the market share, driven by the strong presence of key automotive and electronics manufacturers. The region’s focus on technological innovation and energy efficiency is further propelling the demand for SMCs in electric vehicles and advanced electronic systems. The North American SMCs market is projected to grow at a CAGR of approximately 5% between 2025 and 2035, primarily fueled by ongoing investments in renewable energy and electric mobility.

In contrast, the Asia Pacific region is anticipated to witness the highest growth rate in the SMCs market, owing to rapid industrialization and a booming electronics manufacturing sector. Countries like China, Japan, and South Korea are leading contributors to the demand for SMCs, as they invest heavily in electric vehicles, renewable energy solutions, and advanced manufacturing technologies. By 2035, the Asia Pacific region is expected to capture a significant share of the global SMCs market, reflecting a CAGR of nearly 7% during the forecast period. The remarkable growth in this region highlights the increasing adoption of advanced materials in various applications and the shift towards sustainable energy solutions.

Opportunities

The Soft Magnetic Composites (SMCs) market presents numerous opportunities for growth and innovation, particularly driven by the increasing demand for energy-efficient solutions in various industries. As the automotive sector pivots towards electric and hybrid vehicles, manufacturers are seeking advanced magnetic materials that can enhance motor performance while reducing energy losses. This transition creates a substantial opportunity for SMCs to establish themselves as vital components in electric vehicle technology and supporting infrastructure. Additionally, the rise of renewable energy sources, such as wind and solar power, further emphasizes the need for efficient magnetic materials that can optimize power generation and distribution systems. By capitalizing on these emerging trends, manufacturers of SMCs can position themselves as leaders in the market, contributing to a more sustainable future.

Another significant opportunity lies in the growing trend of miniaturization in electronic devices, which necessitates the development of compact and efficient components. As consumer electronics continue to evolve, the demand for high-performance inductors, transformers, and sensors equipped with SMCs is expected to surge. Manufacturers have the chance to innovate and create tailored solutions that cater to the unique requirements of various applications, enhancing device performance while minimizing size and weight. Furthermore, the ongoing advancements in manufacturing techniques, such as additive manufacturing and powder metallurgy, enable the production of more complex and customized SMCs, opening doors for new applications and markets. Embracing these opportunities will be crucial for SMC producers as they navigate the dynamic landscape of the global market.

Threats

While the Soft Magnetic Composites (SMCs) market presents numerous opportunities, it is not without its challenges. One of the primary threats facing the market is the intense competition from alternative magnetic materials, such as ferrites and silicon steel. These traditional materials have established themselves in various applications, and their lower cost may pose a significant challenge for SMCs, particularly in price-sensitive markets. Additionally, as manufacturers continuously seek to optimize performance and reduce costs, there is a risk that the adoption of SMCs may be hindered by the perception of higher manufacturing expenses. For SMC producers, addressing these competitive pressures will require innovation and a focus on demonstrating the long-term benefits and efficiencies that SMCs offer over traditional alternatives.

Another notable threat to the SMCs market is the potential for fluctuations in raw material availability and prices. The production of SMCs relies on specific raw materials, and any disruption in their supply chain can adversely impact manufacturing capabilities. Geopolitical tensions, trade restrictions, or natural disasters could lead to significant price volatility, thereby affecting the overall cost structure of SMCs. For manufacturers, maintaining flexibility in their supply chain and establishing strong relationships with suppliers will be essential in mitigating the risks associated with raw material fluctuations. Proactively addressing these threats will be crucial for sustaining growth in the SMCs market.

Competitor Outlook

• Hitachi Metals, Ltd.
• VACUUMSCHMELZE GmbH & Co. KG
• Magnetics, LLC
• Ferroxcube International Holding B.V.
• JFE Steel Corporation
• Arnold Magnetic Technologies
• Amorphous Materials, Inc.
• Advanced Technology Materials, Inc. (ATMI)
• Toshiba Material Co., Ltd.
• HITACHI Chemical Co., Ltd.
• Sumitomo Electric Industries, Ltd.
• TE Connectivity Ltd.
• Mueller Electric Co. Inc.
• Shenzhen Kede Technology Co., Ltd.
• Robert Bosch GmbH

The competitive landscape of the Soft Magnetic Composites (SMCs) market is characterized by a mix of well-established players and emerging companies that are striving to innovate and capture market share. Major companies such as Hitachi Metals, Ltd. and VACUUMSCHMELZE GmbH & Co. KG lead the market with their extensive product portfolios, advanced manufacturing capabilities, and strong research and development initiatives. These industry leaders are continuously investing in technological advancements to enhance the performance of SMCs, ensuring they meet the evolving demands of various sectors, including automotive and electronics. The focus on sustainability and energy efficiency is driving competition among these companies as they aim to develop more efficient magnetic materials that align with global environmental goals.

In addition to established players, several emerging companies are gaining traction in the SMCs market by offering specialized solutions and innovative products that cater to niche applications. Companies such as Amorphous Materials, Inc. and Advanced Technology Materials, Inc. focus on developing advanced SMCs for specific applications, distinguishing themselves through their expertise in material science and engineering. This trend towards specialization is becoming increasingly important as industries seek tailored solutions that deliver superior performance in demanding environments. Furthermore, collaboration and partnerships among manufacturers, suppliers, and research institutions are fostering innovation, allowing companies to leverage collective knowledge and resources to develop advanced SMC technologies.

As the Soft Magnetic Composites market continues to evolve, the ability to adapt to changing market dynamics will be crucial for all players involved. The ongoing push for energy efficiency, combined with the growing adoption of electric vehicles and renewable energy solutions, presents significant growth opportunities for SMC manufacturers. Companies that can swiftly respond to market trends and innovate their product offerings will be well-positioned to thrive in this competitive landscape. Moreover, an emphasis on sustainability and reducing carbon footprints will shape the strategies of key players, compelling them to focus on developing eco-friendly SMC solutions that cater to the preferences of environmentally conscious consumers and industries.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Magnetics, LLC
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Robert Bosch GmbH
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Hitachi Metals, Ltd.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 TE Connectivity Ltd.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 JFE Steel Corporation
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Amorphous Materials, Inc.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Mueller Electric Co. Inc.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 HITACHI Chemical Co., Ltd.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Toshiba Material Co., Ltd.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Arnold Magnetic Technologies
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 VACUUMSCHMELZE GmbH & Co. KG
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Shenzhen Kede Technology Co., Ltd.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Sumitomo Electric Industries, Ltd.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Ferroxcube International Holding B.V.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Advanced Technology Materials, Inc. (ATMI)
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Soft Magnetic Composites SMCs Sales Market, By User
    • 6.1.1 Automotive
    • 6.1.2 Electronics
    • 6.1.3 Energy
    • 6.1.4 Industrial
    • 6.1.5 Aerospace & Defense
  • 6.2 Soft Magnetic Composites SMCs Sales Market, By Application
    • 6.2.1 Motors
    • 6.2.2 Transformers
    • 6.2.3 Inductors
    • 6.2.4 Sensors
    • 6.2.5 Others
  • 6.3 Soft Magnetic Composites SMCs Sales Market, By Product Type
    • 6.3.1 Powder Core
    • 6.3.2 Ribbon
    • 6.3.3 Flake
    • 6.3.4 Amorphous
  • 6.4 Soft Magnetic Composites SMCs Sales Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Soft Magnetic Composites SMCs Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Soft Magnetic Composites SMCs Sales market is categorized based on

By Product Type

• Powder Core
• Ribbon
• Flake
• Amorphous

By Application

• Motors
• Transformers
• Inductors
• Sensors
• Others

By User

• Automotive
• Electronics
• Energy
• Industrial
• Aerospace & Defense

By Distribution Channel

• Direct Sales
• Indirect Sales

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Hitachi Metals, Ltd.
• VACUUMSCHMELZE GmbH & Co. KG
• Magnetics, LLC
• Ferroxcube International Holding B.V.
• JFE Steel Corporation
• Arnold Magnetic Technologies
• Amorphous Materials, Inc.
• Advanced Technology Materials, Inc. (ATMI)
• Toshiba Material Co., Ltd.
• HITACHI Chemical Co., Ltd.
• Sumitomo Electric Industries, Ltd.
• TE Connectivity Ltd.
• Mueller Electric Co. Inc.
• Shenzhen Kede Technology Co., Ltd.
• Robert Bosch GmbH