Soft Magnetic Materials Sales

Soft Magnetic Materials Sales Market Outlook

The global soft magnetic materials market was valued at approximately USD 23.3 billion in 2022 and is projected to reach USD 36.9 billion by 2035, growing at a CAGR of 5.0% during the forecast period. This growth can be attributed to the increasing demand for energy-efficient electrical devices, along with advancements in technology that lead to the development of new and improved soft magnetic materials. Rising investments in renewable energy sources, particularly in wind and solar power, also significantly contribute to market expansion. Furthermore, the automotive sector's transition towards electric vehicles is expected to create substantial opportunities for soft magnetic materials, as they are pivotal in enhancing motor performance and efficiency. Lastly, the need for advanced consumer electronics that require lightweight and compact components further fuels the demand for innovative soft magnetic materials.

Growth Factor of the Market

The growth of the soft magnetic materials market is driven by several interrelated factors that contribute to its expansion across various sectors. One of the primary growth factors is the accelerated adoption of smart technologies in various industries, leading to increased demand for efficient power conversion and management systems. Additionally, the automotive industry's shift towards electric vehicles necessitates the use of advanced soft magnetic materials to improve the efficiency of electric motors and other components. The growing trend towards miniaturization in electronics also requires high-performance soft magnetic materials that occupy less space while delivering superior functionality. Moreover, the surge in renewable energy projects such as wind turbines and solar inverters enhances the demand for transformers and inductors, which rely heavily on soft magnetic materials. The increasing focus on sustainability and energy conservation across industries further bolsters market growth, creating a trend towards using eco-friendly and efficient materials.

Key Highlights of the Market

• Significant demand from the automotive sector driven by the rise of electric vehicles.
• Continuous advancements in material science leading to innovative soft magnetic materials.
• Growing investments in renewable energy sources bolstering the need for transformers and inductors.
• Increasing focus on energy efficiency and sustainability across various industries.
• Expansion of the electronics and telecommunication sectors contributing to market growth.

By Product Type

Soft Ferrite:

Soft ferrites are one of the most widely used types of soft magnetic materials, primarily due to their excellent magnetic properties and cost-effectiveness. They are predominantly used in inductors, transformers, and electromagnetic devices, which are essential components in various consumer electronics. The demand for soft ferrite materials is driven by their ability to operate at high frequencies, which is crucial for modern electronic applications. Furthermore, the ongoing development of high-performance soft ferrites tailored for specific applications enhances their market penetration. The market for soft ferrites is expected to continue growing, fueled by increasing investments in the electronics sector and the rising demand for more efficient and compact devices.

Electrical Steel:

Electrical steel, also known as silicon steel, is a crucial material in the manufacturing of various electrical devices, including transformers, generators, and motors. Its exceptional magnetic properties make it a preferred choice for applications where magnetic performance is essential. The growing demand for electrical steel is closely linked to the expansion of the energy and power sector, particularly in renewable energy applications where efficient energy conversion is vital. Additionally, the automotive industry's shift towards electric mobility further drives the demand for electrical steel in electric motor applications. As manufacturers continue to innovate in the production of electrical steel, the market is poised for significant growth, supported by ongoing advancements in processing technologies and material enhancements.

Amorphous Alloys:

Amorphous alloys are increasingly gaining traction in the soft magnetic materials market due to their unique properties, such as low core loss and high permeability. These materials are particularly beneficial in applications requiring high efficiency and compactness, such as transformers and inductors. The demand for amorphous alloys is driven by the need for energy-efficient solutions in various industries, especially in power generation and transmission. The innovative production techniques and the ability to tailor magnetic properties for specific applications have further fueled their adoption. As industries increasingly recognize the advantages offered by amorphous alloys, the market is expected to witness robust growth, reinforcing the significance of these materials in the soft magnetic materials landscape.

Nanocrystalline Alloys:

Nanocrystalline alloys represent a cutting-edge category of soft magnetic materials, noted for their superior magnetic performance due to their refined microstructure. These materials exhibit low energy losses and high saturation magnetization, making them ideal for high-frequency applications like transformers and inductors. The growing demand for efficient power conversion systems in renewable energy projects and electric vehicles is expected to drive the adoption of nanocrystalline alloys significantly. Furthermore, their ability to enhance performance in compact devices aligns with the ongoing trend toward miniaturization in the electronics sector. As manufacturers focus on developing advanced nanocrystalline materials, the market is projected to grow steadily, contributing to the overall advancement of soft magnetic materials.

Others:

This segment encompasses various other soft magnetic materials that may not fit into the mainstream categories but are nonetheless significant in specialized applications. These materials can include advanced composites and various proprietary formulations that have been developed for niche markets. The demand for these materials is often driven by specific industry requirements, such as extreme conditions or unique performance characteristics. As technology evolves, new types of soft magnetic materials are likely to emerge, further diversifying this segment. The continuous research and development in material science will play a crucial role in expanding the scope of the 'Others' category, allowing for innovative applications in diverse industries.

By Application

Transformers:

Transformers represent one of the largest application segments for soft magnetic materials, particularly due to their critical role in energy transmission and distribution systems. The efficiency of transformers is significantly influenced by the quality of materials used in their cores, where soft magnetic materials excel by minimizing energy losses during operation. With the growing demand for electricity and the need for modernized power infrastructure, the market for soft magnetic materials in transformers is expected to expand considerably. Moreover, the increasing focus on renewable energy sources, which often require transformers for power management, further enhances this segment's growth potential, ensuring a robust market outlook for soft magnetic materials in transformers.

Motors:

The utilization of soft magnetic materials in motors is pivotal, especially as the demand for energy-efficient and high-performance motors continues to rise. Soft magnetic materials enhance the efficiency of both traditional and electric motors by reducing losses associated with magnetization and demagnetization cycles. The proliferation of electric vehicles and industrial automation is driving significant growth in this application segment, as these sectors rely heavily on advanced motor technologies. As industries strive for improved energy efficiency and sustainability, the role of soft magnetic materials in motors is expected to gain prominence, contributing substantially to market growth in this area.

Inductors:

Inductors are essential components in a variety of electronic devices, where they serve to store energy in magnetic fields. The performance of inductors is highly dependent on the magnetic properties of the materials used, making soft magnetic materials a critical factor in their design and function. The increasing reliance on inductors in power supply circuits, filtering applications, and energy storage systems drives demand for high-quality soft magnetic materials. As technology continues to advance, the development of more efficient and compact inductors is anticipated to further bolster the market for soft magnetic materials in this application, reflecting the growing need for high-performance electronic components.

Sensors:

Sensors are increasingly integrating soft magnetic materials to enhance their sensitivity and overall performance in various applications. These materials are used in magnetic sensors, which play a vital role in automotive, industrial, and consumer electronics sectors. The demand for high-precision sensors has surged in recent years, driven by advancements in automation and the IoT (Internet of Things). As industries increasingly adopt smart technologies and automation solutions, the role of soft magnetic materials in sensor technology is expected to expand, fueling market growth in this application segment. The ongoing innovation in sensor design and functionality will further highlight the importance of soft magnetic materials in achieving desired performance levels.

Others:

The 'Others' segment comprises various applications where soft magnetic materials are utilized beyond the primary categories of transformers, motors, inductors, and sensors. These applications may include specialized devices in telecommunications, aerospace, and medical equipment, where unique magnetic properties are required. The versatility of soft magnetic materials allows them to be adapted for various innovative uses, which can lead to unexpected growth opportunities within niche markets. As companies continue to explore new applications and refine their technologies, this segment's significance is expected to grow, further diversifying the market landscape for soft magnetic materials.

By Distribution Channel

Direct Sales:

Direct sales remain a prominent distribution channel for soft magnetic materials, allowing manufacturers to establish direct relationships with customers. This approach enables manufacturers to provide tailored solutions that meet specific client requirements while also gaining valuable feedback on product performance. By bypassing intermediaries, companies can ensure that clients receive high-quality materials directly from the source, often resulting in better pricing and service. The growing trend toward customization in manufacturing further enhances the importance of direct sales channels, as businesses seek to optimize their supply chains and establish closer collaborations with suppliers. The continued focus on building direct relationships with key customers is expected to drive the growth of this distribution channel in the soft magnetic materials market.

Indirect Sales:

Indirect sales play a crucial role in expanding the reach of soft magnetic materials to a broader client base, especially in regions where direct access may be limited. Through partnerships with distributors, wholesalers, and agents, manufacturers can leverage existing relationships and networks to penetrate new markets. Indirect sales channels often provide valuable local market insights, enabling manufacturers to tailor their offerings to meet regional demands effectively. This distribution strategy is particularly beneficial for companies looking to expand into emerging markets, where establishing a direct presence may be cost-prohibitive. As the demand for soft magnetic materials continues to grow, the indirect sales channel will remain an essential component of the overall market strategy.

By User Industry

Automotive:

The automotive industry represents a significant user of soft magnetic materials, driven by the ongoing transition toward electric vehicles (EVs) and hybrid models. Soft magnetic materials are crucial in enhancing the performance of electric motors, transformers, and other essential components in EV systems. The increasing government regulations promoting emissions reduction and the rising consumer preference for green technologies are driving the adoption of advanced soft magnetic materials within this sector. Moreover, as automotive manufacturers continue to focus on improving energy efficiency and reducing costs, the demand for high-performance soft magnetic materials is expected to grow, solidifying their role in the future of automotive technologies.

Electronics & Telecommunications:

The electronics and telecommunications sectors rely heavily on soft magnetic materials for the development of various devices, including smartphones, computers, and communication equipment. The demand for compact and energy-efficient components drives the need for innovative soft magnetic materials that can improve device performance while minimizing energy consumption. As technology advances and new applications emerge, the role of soft magnetic materials in electronics and telecommunications is expected to expand. Furthermore, the increasing trend towards the Internet of Things (IoT) and smart devices will further bolster this sector's demand for efficient soft magnetic materials, highlighting their significance in modern technology.

Energy & Power:

The energy and power industry is one of the largest consumers of soft magnetic materials, particularly in the production of transformers, inductors, and other devices that facilitate energy conversion and transmission. The growing focus on renewable energy sources such as wind and solar power has created heightened demand for efficient energy management systems, which heavily utilize soft magnetic materials. As countries strive to achieve energy independence and reduce their carbon footprints, the role of soft magnetic materials in enhancing the efficiency of power systems becomes increasingly critical. The ongoing investment in modernizing power grids and expanding renewable energy projects is expected to drive significant growth in this user industry, ensuring a robust market for soft magnetic materials in the energy and power sector.

Industrial:

The industrial sector encompasses a wide range of applications for soft magnetic materials, from manufacturing and automation to robotics and machinery. As industry 4.0 continues to evolve, the demand for efficient magnetic components in various industrial devices is expected to grow. Soft magnetic materials play a vital role in enhancing the performance of induction heating systems, magnetic separators, and other critical equipment. The continuous push towards improving operational efficiency and reducing energy consumption across industries further drives the need for high-quality soft magnetic materials. As industrial applications diversify and technology advances, the market for soft magnetic materials within this sector is poised for steady growth, contributing to the overall market landscape.

Others:

The 'Others' category includes a variety of industries that utilize soft magnetic materials in specialized applications, such as aerospace, medical devices, and research laboratories. These sectors often require unique magnetic properties or specialized materials tailored to specific operational conditions. The demand for soft magnetic materials in these niche markets is often driven by advancements in technology and the increasing focus on high-performance applications. As innovation continues to drive growth in specialized fields, the significance of soft magnetic materials in 'Others' will likely expand, providing additional opportunities for manufacturers to explore new markets and applications.

By Region

The soft magnetic materials market exhibits significant regional differences, influenced by varying industrial demands and technological advancements. In North America, the market is anticipated to grow at a CAGR of approximately 4.5% during the forecast period, driven by the robust automotive and electronics sectors. The increasing adoption of electric vehicles in the region is expected to enhance demand for high-performance soft magnetic materials, particularly in motors and transformers. Similarly, the presence of key market players in the region facilitates innovation and development, further bolstering market growth. In Europe, the emphasis on renewable energy projects and energy efficiency initiatives is likely to fuel demand for soft magnetic materials, particularly in the energy and power sector.

Asia Pacific is projected to dominate the global soft magnetic materials market, accounting for nearly 40% of the total market share by 2035. The rapid industrialization, coupled with the growing consumer electronics sector, is driving substantial demand for soft magnetic materials in this region. Countries like China and Japan are at the forefront of technological advancements, leading to increased applications in automotive and energy sectors. The Latin American market is gradually expanding as countries invest in infrastructure and renewable energy projects, while the Middle East & Africa region is witnessing growth due to rising industrialization efforts and investments in energy efficiency. Overall, the regional dynamics present a diverse landscape with varying growth prospects for soft magnetic materials.

Opportunities

The soft magnetic materials market presents numerous opportunities for growth, particularly as global industries increasingly emphasize energy efficiency and sustainability. One of the key opportunities lies in the growing adoption of electric vehicles across various regions. As automotive manufacturers seek to enhance the performance of their electric drivetrains, there will be a significant demand for advanced soft magnetic materials that can improve motor efficiency and reduce overall vehicle weight. This trend will not only drive innovation in material development but will also provide market players with the chance to establish themselves as leaders in a rapidly evolving industry. Furthermore, the expansion of renewable energy projects, particularly in wind and solar applications, offers substantial opportunities for suppliers of soft magnetic materials, as they play a critical role in transformer and inverter technologies.

Moreover, the increasing focus on automation and smart technologies across multiple sectors opens up avenues for the application of soft magnetic materials in sophisticated electronic devices. As industries adopt IoT solutions and smart manufacturing practices, the demand for efficient and compact components will rise, highlighting the importance of soft magnetic materials in achieving these goals. Manufacturers that can innovate and adapt their offerings to meet the needs of an increasingly digital world are likely to capitalize on these opportunities. Additionally, the rising trend toward miniaturization in electronics presents a significant growth area, as smaller devices require specialized soft magnetic materials to maintain performance without sacrificing efficiency. These opportunities position the soft magnetic materials market for sustained growth and success in the coming years.

Threats

Despite the promising outlook for the soft magnetic materials market, several threats could impede its growth trajectory. One of the primary threats is the volatility of raw material prices, which can significantly impact production costs and profit margins for manufacturers. Fluctuations in the prices of key raw materials such as iron and silicon can lead to increased operational expenses, potentially forcing companies to pass these costs onto consumers, which may result in reduced competitiveness in pricing. Additionally, the increasing focus on sustainability and the circular economy may require manufacturers to adapt their processes and materials, posing a challenge for those who are slow to innovate. As environmental regulations tighten, companies that fail to align with these standards could face penalties and reputational damage.

Another critical threat is the intense competition within the market, particularly from emerging players who may offer lower-cost alternatives or innovative products. Established manufacturers must continuously invest in research and development to maintain their competitive edge; otherwise, they risk losing market share to more agile competitors. Moreover, rapid technological advancements in alternative materials and magnetic solutions could potentially disrupt the soft magnetic materials market, as new innovations may render traditional materials less relevant. Companies must remain vigilant and responsive to these changes to retain their position in an evolving landscape, ensuring they are well-prepared to tackle any imminent threats to their growth and sustainability.

Competitor Outlook

• Hitachi Metals, Ltd.
• JFE Steel Corporation
• Thyssenkrupp AG
• Magnetics, Inc.
• Mitsubishi Electric Corporation
• AMAG Austria Metall AG
• Carpenter Technology Corporation
• Vacuumschmelze GmbH & Co. KG
• Steward Advanced Materials, Inc.
• POSCO
• Suhner Group
• Alliance Materials
• United States Steel Corporation
• Schneider Electric
• Sumitomo Electric Industries, Ltd.

The competitive landscape of the soft magnetic materials market is characterized by a diverse array of companies that are actively engaging in research and development to innovate and enhance their product offerings. The market is dominated by several key players, each vying for market share through strategic collaborations, mergers, and acquisitions, as well as expanding their global reach. Companies such as Hitachi Metals, Ltd. and JFE Steel Corporation are at the forefront of this competitive environment, leveraging their extensive experience and technological expertise to deliver high-quality soft magnetic materials tailored to meet evolving customer demands. Additionally, the presence of established companies with strong brand recognition, like Thyssenkrupp AG and Mitsubishi Electric Corporation, further intensifies competition as they seek to capitalize on emerging opportunities within the market.

As demand for soft magnetic materials continues to rise across various industries, many companies are investing heavily in R&D to develop advanced products that cater to specialized applications. For instance, Magnetics, Inc. and Vacuumschmelze GmbH & Co. KG are focusing on producing innovative solutions that exhibit superior magnetic performance and energy efficiency. This ongoing investment in innovation not only drives competition but also fosters a spirit of collaboration, as companies recognize the value of partnerships in addressing common challenges and advancing technology within the sector. With the increasing emphasis on sustainability, some players are also exploring eco-friendly alternatives and environmentally responsible manufacturing processes to differentiate themselves in the market.

Furthermore, the competitive landscape is also shaped by emerging players entering the market, often bringing fresh perspectives and novel technologies. These entrants may offer disruptive solutions or cater to niche segments, creating an additional layer of competition for established companies. As the soft magnetic materials market evolves, it is essential for all players to remain adaptable and responsive to changing market dynamics, ensuring they can effectively compete and thrive in this increasingly competitive environment. Overall, the outlook for the soft magnetic materials market will depend significantly on the ability of companies to innovate, adapt, and strategically position themselves to capitalize on the opportunities presented by emerging trends.

• 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 POSCO
    • 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 Suhner Group
    • 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 Magnetics, Inc.
    • 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 Thyssenkrupp AG
    • 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 Alliance Materials
    • 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 Schneider Electric
    • 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 Hitachi Metals, Ltd.
    • 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 JFE Steel Corporation
    • 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 AMAG Austria Metall AG
    • 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 Vacuumschmelze GmbH & Co. KG
    • 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 Mitsubishi Electric Corporation
    • 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 United States Steel Corporation
    • 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 Carpenter Technology Corporation
    • 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 Steward Advanced Materials, Inc.
    • 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 Sumitomo Electric Industries, Ltd.
    • 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 Materials Sales Market, By Application
    • 6.1.1 Transformers
    • 6.1.2 Motors
    • 6.1.3 Inductors
    • 6.1.4 Sensors
    • 6.1.5 Others
  • 6.2 Soft Magnetic Materials Sales Market, By Product Type
    • 6.2.1 Soft Ferrite
    • 6.2.2 Electrical Steel
    • 6.2.3 Amorphous Alloys
    • 6.2.4 Nanocrystalline Alloys
    • 6.2.5 Others
  • 6.3 Soft Magnetic Materials Sales Market, By User Industry
    • 6.3.1 Automotive
    • 6.3.2 Electronics & Telecommunications
    • 6.3.3 Energy & Power
    • 6.3.4 Industrial
    • 6.3.5 Others
  • 6.4 Soft Magnetic Materials 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 Materials 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 Materials Sales market is categorized based on

By Product Type

• Soft Ferrite
• Electrical Steel
• Amorphous Alloys
• Nanocrystalline Alloys
• Others

By Application

• Transformers
• Motors
• Inductors
• Sensors
• Others

By Distribution Channel

• Direct Sales
• Indirect Sales

By User Industry

• Automotive
• Electronics & Telecommunications
• Energy & Power
• Industrial
• Others

By Region

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

Key Players

• Hitachi Metals, Ltd.
• JFE Steel Corporation
• Thyssenkrupp AG
• Magnetics, Inc.
• Mitsubishi Electric Corporation
• AMAG Austria Metall AG
• Carpenter Technology Corporation
• Vacuumschmelze GmbH & Co. KG
• Steward Advanced Materials, Inc.
• POSCO
• Suhner Group
• Alliance Materials
• United States Steel Corporation
• Schneider Electric
• Sumitomo Electric Industries, Ltd.