
Soft magnetic materials market to grow to $30.62B by 2031 driven by EVs, renewable energy, and smart grids.
The global soft magnetic materials market, valued at $20.89 billion in 2025, is projected to reach $30.62 billion by 2031 with a CAGR of 6.7%. Growth is fueled by rising demand in electric vehicles, renewable energy, and smart grid applications, whic...





