The Soft Magnet Powder market size is USD 7.4 Bn in 2026.
The Soft Magnet Powder market is projected to grow at a CAGR of 7% by 2033.
The Soft Magnet Powder market growth drivers include rising demand from automotive and electronics industries, adoption in electric vehicles, and advancements in powder metallurgy.
Asia Pacific is the dominating region for the Soft Magnet Powder market.
Hitachi Metals, Toshiba Materials, VACUUMSCHMELZE, TDK Group (TOKIN), and Nippon Steel Corporation are some leading industry players in the Soft Magnet Powder market.