World’s Top 40 Companies in Magnetics Powder Core Material Market 2025: Industry Intelligence Report by Spherical Insights (2024–2035)
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Magnetics Powder Core Material Market Size is projected to Grow from USD 1.59 Billion in 2024 to USD 3.31 Billion by 2035, at a CAGR of 6.89% during the forecast period 2025–2035. The expansion of this market is mainly fueled by the rising need for energy-saving electrical parts and the growing renewable energy industry. The strong growth of the market is additionally bolstered by progress in material science and the swift global adoption of electric vehicles (EVs).
Introduction
The Worldwide Magnetics Powder Core Material Market Size pertains to the sector aimed at the creation, distribution, and utilization of powdered magnetic core materials, which are crucial elements for contemporary electronic, power, and communication equipment. Magnetic powder cores consist of small magnetic powder particles (like iron, alloys, or nanocrystalline materials) that are usually coated with an insulating layer and compacted through powder metallurgy or similar methods to create cores with customised magnetic characteristics. These substances are commonly employed in inductors, transformers, filters, reactors, antennas, and various passive components to enhance energy efficiency, electromagnetic compatibility, and function in AC and DC circuits. Uses for magnetic powder core materials span power electronics, telecommunications, renewable energy systems, automotive (including electric vehicles), industrial automation, and new areas such as IoT, 5G, and medical electronics.
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Magnetics Powder Core Material Market Size & Statistics
- The Market Size for Magnetics Powder Core Material Was Estimated to be worth USD 1.59 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 6.89% between 2025 and 2035.
- The Global Magnetics Powder Core Material Market Size is anticipated to reach USD 3.31 Billion by 2035.
- Asia Pacific is projected to generate the highest demand during the forecast period in the magnetics powder core material market.
- North America is anticipated to grow the fastest during the forecast period in the magnetics powder core material market.
Regional growth and demand
North America is expected to grow the fastest during the forecast period in the Magnetics Powder Core Material market. The North American market is propelled by progress in automotive technology and rising investments in renewable energy initiatives. The United States, specifically, is a major contributor, with significant R&D efforts and a strong emphasis on innovation, with an increase in electric vehicle usage and the growth of wind and solar energy projects. The North American market is marked by strong demand for high-performance materials that deliver exceptional efficiency and energy savings, showcasing the region's dedication to sustainability and technological advancement.
Asia Pacific is expected to generate the highest demand during the forecast period in the Magnetics Powder Core Material market. The market is fueled by swift industrialisation, urban growth, and significant electronics manufacturing centres. Nations like China, Japan, and India are leading this expansion, making substantial investments in infrastructure enhancement and technological progress. The region's growing automotive sector, especially the increase in electric car manufacturing, strengthens the need for magnetic powder cores.
Top 10 Trends in the Magnetics Powder Core Material Market
- Electrification of Transportation (EVs)
- Renewable Energy Integration
- Demand for Low-Loss, High-Frequency Materials
- Rise of Soft Magnetic Composites (SMCs)
- Miniaturisation of Power Electronics
- Increased Focus on Thermal Management
- Strategic Shift to Integrated Solutions
- Geopolitical and Supply Chain Concentration
- Growth in Asia-Pacific
- Material demands
1. Electrification of Transportation (EVs)
This is the most significant force influencing the market. Electric vehicles (EVs) and hybrid electric vehicles (HEVs) depend on advanced magnetic components in their onboard chargers, DC-DC converters, inverters, and motor drives. Magnetic powder cores are essential for these uses because they can manage high currents, elevated temperatures, and high frequencies while minimising energy loss.
2. Renewable Energy Integration
The growth of solar, wind, and large-scale battery storage systems is generating significant and ongoing demand. Magnetic powder cores play a crucial role in power inverters and converters for these applications, as they are needed for their excellent efficiency, power density, and resilience in challenging environmental circumstances.
3. Demand for Low-Loss, High-Frequency Materials
This movement is fostering the creation and use of advanced materials such as nanocrystalline and amorphous alloys, which provide enhanced performance over conventional iron powder and ferrites.
4. Rise of Soft Magnetic Composites (SMCs)
This distinctive method allows for the creation of highly efficient, intricate parts, like axial flux motors for electric vehicles, that cannot be achieved with conventional laminated steel cores.
5. Increased Focus on Thermal Management
Producers of magnetic powder cores are moving towards materials that exhibit reduced core loss and enhanced thermal characteristics to assist in heat management and enhance the overall reliability of the system.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the magnetics powder core material market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 20 Companies Leading the Magnetics Powder Core Material Market
- Hitachi Metals Ltd.
- Magnetics - Division of Spang & Company
- TDK Corporation
- VACUUMSCHMELZE GmbH & Co. KG
- GKN Sinter Metals Engineering GmbH
- Molycorp Inc.
- Sumitomo Electric Industries, Ltd.
- Ferroxcube International Holding B.V.
- Nippon Steel Corporation
- Arnold Magnetic Technologies
- Dexter Magnetic Technologies
- AMETEK Inc.
- MMG Canada Limited
- Magnetics International, Inc.
- Toshiba Materials Co., Ltd.
- Electron Energy Corporation
- Neo Performance Materials Inc.
- Advanced Technology & Materials Co., Ltd.
- Hitachi Chemical Co., Ltd.
- VAC Magnetics LLC
- Others
1. Hitachi Metals Ltd.
Headquarters: Tokyo, Japan
Hitachi Metals, Ltd. (now Proterial, Ltd.) was a Japanese producer of advanced materials and components, concentrating on offerings for the automotive, industrial infrastructure, and electronics industries. Its business strategy was founded on its knowledge in metallurgy, especially in speciality steels and advanced magnetic substances. The strategic shift of the company to Proterial, Ltd. represents an ongoing commitment to materials that drive sustainability through superior performance. It has maintained and even grown its primary product offerings, such as soft magnetic materials, essential for energy-efficient electronics. These cores, including the HRM series, are crafted for elevated saturation flux density, consistent magnetic properties across a broad temperature spectrum, and significant mechanical durability. This renders them perfect for uses that demand high current and compact size, such as in components for electric vehicles and portable electronics.
2. TDK Corporation
Headquarters: Tokyo, Japan
TDK Corporation is a Japan-based multinational electronics firm that focuses on the design and production of various electronic components and solutions. TDK's fundamental advantage is its proficiency in magnetic materials, a tradition that began with its establishment in 1935 as the first company to bring ferrite cores to market. The company functions through multiple important business segments, such as Passive Components and Sensors, essential for use in automotive, industrial, and consumer electronics applications. TDK's ongoing advancements in ferrite materials, particularly the PC95 and PC200 series, aim to reduce core loss and enhance saturation flux density, both of which are critical performance metrics for magnetic powder cores. TDK's offerings also feature nanocrystalline substances such as the FINEMET series, which consist of amorphous metal-based materials providing extremely low core loss and high permeability.
3. VACUUMSCHMELZE GmbH & Co. KG
Headquarters: Hanau, Germany
VAC is a significant and direct participant in the magnetic powder core material industry. Its primary focus is on creating and selling an assortment of magnetic materials, such as soft magnetic alloys and nanocrystalline substances, with its offerings directly competing against and frequently providing a better option than conventional magnetic powder cores. This represents one of VAC's significant advantages. The VITROPERM brand of nanocrystalline alloys provides an exceptional blend of soft-magnetic characteristics, featuring remarkably low core loss and high permeability. These substances are utilised to create common-mode chokes, noise reduction filters, and transformers for high-frequency uses, a niche also catered to by specific varieties of magnetic powder cores.
4. GKN Sinter Metals Engineering GmbH
Headquarters: Linden, Germany
GKN Sinter Metals is a significant and direct participant in the magnetic powder core material sector, yet its strategy diverges from conventional material suppliers. Rather than solely offering raw powder cores, GKN's business approach utilises its powder metallurgy expertise to develop intricate, high-performance Soft Magnetic Components (SMC) designed for direct incorporation into electric motors, inductors, and various electronic applications. The firm's business approach focuses on utilising its knowledge in powder metallurgy to manufacture high-precision metal parts for various challenging sectors, such as automotive, industrial, and consumer products. GKN's value offer lies in its capability to produce intricate, near-net-shape parts with exceptional characteristics while maintaining high material efficiency. GKN Powder Metallurgy is an international organisation with an extensive manufacturing presence and an emphasis on collaborating with its clients to develop solutions.
5. Sumitomo Electric Industries, Ltd.
Headquarters: Osaka, Japan
Sumitomo Electric Industries is a key and direct participant in the magnetic powder core material sector, concentrating on a particular, rapidly expanding segment: Soft Magnetic Composites (SMCs). The firm utilises its knowledge in powder metallurgy to create these sophisticated materials, which are a particular kind of magnetic powder core. Sumitomo Electric's primary product in this market is its Soft Magnetic Composites (SMC), which it promotes under its own label. These are not standard powder cores but are designed solutions for high-performance uses.
Are you ready to discover more about the magnetics powder core material market?
The report provides an in-depth analysis of the leading companies operating in the global magnetics powder core material market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Hitachi Metals Ltd
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Magnetics - Division of Spang & Company
- TDK Corporation
- VACUUMSCHMELZE GmbH & Co. KG
- GKN Sinter Metals Engineering GmbH
- Molycorp Inc.
- Sumitomo Electric Industries, Ltd.
- Ferroxcube International Holding B.V.
- Nippon Steel Corporation
- Arnold Magnetic Technologies
- Dexter Magnetic Technologies
- AMETEK Inc.
- MMG Canada Limited
- Magnetics International, Inc.
- Toshiba Materials Co., Ltd.
- Electron Energy Corporation
- Neo Performance Materials Inc.
- Advanced Technology & Materials Co., Ltd.
- Hitachi Chemical Co., Ltd.
- VAC Magnetics LLC
- Others
Conclusion
The Magnetics Powder Core Material Market Size is experiencing significant growth, anticipated to increase from USD 1.59 billion in 2024 to USD 3.31 billion by 2035, fueled by heightened demand in energy-efficient electronics, renewable energy, and the swift global adoption of electric vehicles. The Asia-Pacific region drives demand thanks to its electronics and automotive production centres, whereas North America speeds up innovation and technology integration. The competitive environment is somewhat consolidated, with leading firms heavily involved in R&D, strategic collaborations, and continual product diversification. The industry’s forecast indicates continuous growth, with significant opportunities for market players that prioritise technology and sustainability until 2035.
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