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Amorphous and nanocrystalline magnetic materials market to reach 1.7 billion USD by 2032
The global market for amorphous and nanocrystalline soft magnetic materials is projected to reach 1,707 million USD by 2032, growing at a compound annual growth rate (CAGR) of 8.7% from 2026, according to reports from YH Research. This growth is driven by decarbonization policies and the evolution of power electronics, specifically increasing demand for electric vehicles, renewable energy integration, and efficient data center power supplies.
Separately, the amorphous metal market is forecasted to reach 785 million USD by 2032, with a CAGR of 6.9%. These materials are increasingly utilized in high-efficiency transformers, motors, and medical devices due to their low magnetic loss and high durability.
Market competition is characterized by significant concentration. In the soft magnetic materials sector, the top three players—Qingdao Yunlu, Advanced Technology, and Jiangsu Guoneng Alloy Technology—accounted for approximately 42% of the market share in 2024. In the broader amorphous metal market, the top three companies held roughly 83% of the market share in 2024. Key industry players include Chinese manufacturers like Qingdao Yunlu and Japanese firms such as Proterial, Ltd.
Entities
Advanced Technology · Jiangsu Guoneng Alloy Technology · Proterial, Ltd. · Qingdao Yunlu · YH Research
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] The top three companies in the amorphous metal market held approximately 83% of the market share in 2024. mimemo.io
- [○ 1 SOURCE] The amorphous metal market is expected to grow at a CAGR of 6.9% from 2026 to 2032. mimemo.io
- [● 2 SOURCES] The amorphous and nanocrystalline soft magnetic materials market is expected to grow at a CAGR of 8.7% from 2026 to 2032. www.the-miyanichi.co.jp · www.dreamnews.jp
- [○ 1 SOURCE] The global amorphous metal market is projected to reach 785 million USD by 2032. mimemo.io
- [● 2 SOURCES] The global amorphous and nanocrystalline soft magnetic materials market is projected to reach 1,707 million USD by 2032. www.the-miyanichi.co.jp · www.dreamnews.jp
- [● 2 SOURCES] Three companies—Qingdao Yunlu, Advanced Technology, and Jiangsu Guoneng Alloy Technology—held approximately 42% of the market share in 2024. www.the-miyanichi.co.jp · www.dreamnews.jp