Soft Ferrite Market Size & Share, by Product (Mn-Zn Ferrite, Ni-Zn Ferrite); Application (Transformers, Motors, Alternators); End-user (Aerospace & Defense, Automotive, Consumer Electronics, Power, Telecommunications) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3350
  • Published Date: Apr 29, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Soft Ferrite Market size is estimated to reach USD 4.2 Billion by the end of 2035,growing at a CAGR of 6% during the forecast period, i.e., 2023-2035. In the year 2022, industry size of soft ferrite was over USD 2 Billion. The growth of the market can be attributed to the widespread adoption of soft ferrite across multiple fields the primary factors impacting the development of the soft ferrite market throughout the forecast period. Transmission transformers, portable transformers, distribution transformers, 1 HP-100 HP motors, 101 HP-200 HP motors, 201 HP-500 HP motors, 501 HP-1000 HP motors, Inductors, and generators are some of the primary sectors where the soft ferrite industry is frequently employed.

Soft ferrite is a ceramic substance with moderate coercive strength. This characteristic aids in the modification of their magnetization, allowing them to function as magnetic field conductors. This attribute allows soft ferrite to spread smoothly for usage in a variety of applications throughout the electronics industry. Also, With the growing demand from the chemical sector, the market is expected to grow in the future. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, the Chemical industry in the U.S. accounted for 16.43% of manufacturing value-added in 2018.

Soft Ferrite Market
Get more information on this report: Request Free Sample PDF

Soft Ferrite Sector: Growth Drivers and Challenges

Growth Drivers

  • Major Growth in Electronic Sector- The soft ferrite market is projected to rely heavily on the attributes of elevated electrical resistance and excellent magnetic properties. With large-scale utilization of numerous equipment, the consumer electronics sector retains the worldwide industry thriving. From 1.3% in 2012, India's revenue share in the worldwide electronics manufacturing sector climbed to 3.6% in 2020.
  • Increase in the Automotive Electronics field- The utilization of soft ferrite in automotive electronics is propelling the soft ferrite industry to the next level. There are around 306 automobile and engine production centers in Europe that build passenger vehicles, light commercial vehicles, heavy-duty cars, buses, and engines.
  • Increasing Investments in the Power Distribution Industry- Annual global power distribution investment was expected to reach USD 1.9 trillion in 2021, up roughly 10% from 2020 and adding overall investment back to its pre-crisis state.
  • Rising Applications in Aerospace & Defense Sectors- According to the Boeing Commercial Outlook 2022-2041, total new jet deliveries globally are estimated to exceed 41,170 by 2041. For the first time, global defense spending reached over USD 2 trillion in 2021. Global investment in 2021 was 0.7% greater than in 2020. 
  • Growing Demand for Telecommunication Services- Total telecom investment in 2020 was expected to be over USD 1500 billion globally.


  • Fluctuating Prices of Raw Materials
  • Complexities in The Structure of Soft Ferrite- The complexity of minimizing eddy current losses is the key difficulty faced by most producers in the marketplace, leading to declining market share during the projection period.
  • Some Characteristics such as Minimal saturation magnetic flux density, reduced Curie point, and poor mechanical qualities

Soft Ferrite Market: Key Insights

Base Year


Forecast Year




Base Year Market Size (2022)

~ USD 2 Billion

Forecast Year Market Size (2035)

~ USD 4.2 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Soft Ferrite Segmentation

End-user (Aerospace & Defense, Automotive, Consumer Electronics, Power, Telecommunications)

The soft ferrite market is segmented and analyzed for demand and supply by end users into transformers, motors, alternators, and others. Out of these, the transformers segment is estimated to gain the largest market share of about ~48% in the year 2035. The growing demand for energy-efficient power distribution systems, as well as severe regulatory requirements to reduce power waste, are boosting the segment's growth prospects. The growing demand for energy-efficient power distribution networks, as well as severe federal regulations to reduce power waste, are boosting the market's growth opportunities. Increased innovation for the building of a centralized power distribution network, continuing use of sophisticated monitoring solutions, and the advancement of power distribution infrastructure are expected to open up new potential opportunities for the transformers segment. Baoding Tianwei Baobian Electric Co. Ltd revealed the manufacturing of its 110KV natural ester oil transformer in September 2022.

Product (Mn-Zn Ferrite, Ni-Zn Ferrite)

The global soft ferrite market is also segmented and analyzed for demand and supply by product into Mn-Zn ferrite, and Ni-Zn ferrite. Amongst these three segments, the Mn-Zn ferrite segment is expected to garner a significant share of around ~65% in the year 2035. Manganese-zinc ferrite (Mn-Zn Ferrite) is widely used in the electrical sector owing to its low cost and, more importantly, its favorable externalities, and numerous industries manufacture motors and transformers. These ferrites are also employed in magnetic liquids, sensors, and biosensors. Furthermore, it has superior saturation levels and conductivity than nickel zinc ferrite from a technical standpoint. Throughout the mid-term projection time frame, there is expected to be a surge in consumer demand for Mn-Zn Ferrite.

Our in-depth analysis of the global market includes the following segments:

         By Product

  • Mn-Zn Ferrite
  • Ni-Zn Ferrite

        By Application

  • Transformers
  • Motors
  • Alternators
  • Others

        By End User

  • Aerospace & Defense
  • Automotive
  • Consumer Electronics
  • Power
  • Telecommunications
  • Others

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Soft Ferrite - Regional Synopsis

North American Market Forecast

The market in North America is estimated to witness noteworthy growth over the forecast period on the back of the rising production of electrical components in the region. Apart from this, the growing use of electric motors for a variety of industrial applications such as refrigeration, pumping, compressed air, and material processing, is also expected to expand the market in the region in the coming years. As a result of an increase in electrical machinery production in the region. Key market companies in the region's electrical industry, including General Electric, demonstrate an increase in soft ferrite usage. One of the main influences fueling the expansion of the market in North America is the increasing demand for electric automobiles. In the motors and generators of electric cars, ferrite magnets are used. The region's primary markets are the United States and Canada.

APAC Market Statistics

Moreover, the market in the Asia Pacific is projected to occupy the largest share during the forecast period, which can be credited to the increasing demand for electricity, rapid population growth, and growing industrialization in the region. For instance, the electricity consumption in China was more than 7500 terawatt hours in 2020, up from about 7225 terawatt hours in 2019. The total electricity consumption in this nation has only observed a hike since 2010. Over the historical era, Japan has shown potential for expansion in the soft ferrite industry. This is a consequence of increased soft ferrite usage in electrical components such as transformers, smart transformers and motors. Furthermore, an increase in power industry projects may increase the requirement for soft ferrite in the country. According to the National Investment Promotion and Facilitation Agency, India's contribution to global electronics production has increased from 1.3% in 2012 to 3.0% in 2018, with a target of $400 billion by 2025. Therefore, the rise in the electronics sector is also estimated to contribute to the regional market.

Europe Market Forecast

Moreover, the market in Europe is anticipated to acquire a significant share during the forecast period. Higher permeation and saturation degrees of Mn-Zn ferrite are expected to boost consumption from motor manufacturers, increasing sales in Europe. As a result of its energy-saving properties, soft ferrite is increasingly being used in high-frequency transformers, which is expected to fuel the expansion of this market in Europe. Furthermore, Germany is known around the world for its pioneering microelectronics manufacturing and research facilities. Germany's electronics industry is also Europe's biggest manufacturing and distribution market. As a result, growth in the electronics sector is expected to add to the regional market over the upcoming decades.

Research Nester
Soft Ferrite Market Share
Get more information on this report: Request Free Sample PDF

Companies Dominating the Global Soft Ferrite Landscape

    • Toshiba Materials Co., Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Hitachi Metals, Ltd.
    • TDK Corporation
    • Amidon Inc.
    • Ferroxcube International Holding B.V.
    • Mianyang Kaiyuan Magnetism Material Co., Ltd.
    • Laird Technologies, Inc.
    • Hengdian Group
    • DMEGC Magnetics Co., Ltd.
    • Rio Tinto PLC
    • PMG Holding GmbH


In The News

  • Hitachi Metals, Ltd. announced its involvement in the development of ML27D, which is a soft ferrite core material with distinguished high frequency characteristics. The use of this material is projected to enable low core loss and high energy savings.
  • Cosmo Ferrites, a popular soft ferrites manufacturer, achieved a new record of Rs 635, up 4% on the BSE. From a low of Rs 17.50, the stock has risen 3,529% in FY22.

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 3350
  • Published Date: Apr 29, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving market growth are growing use of soft ferrite for making automobile electronics and increasing investments in power distribution sector.

The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023 – 2035.

Fluctuating prices of raw materials is estimated to hamper the market growth.

North America will provide more business opportunities for market growth owing to the rising production of electrical components in the region.

The major players in the market are Toshiba Materials Co., Ltd., Hitachi Metals, Ltd., TDK Corporation, Amidon Inc., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product, application, end user, and by region.

The motor segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.
Soft Ferrite Market Report Scope

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying