Market Overview

Driven by surging demand from new‑energy vehicles, renewable energy infrastructure, 5G communications and advanced power electronics, the global soft‑magnetic‑alloy market maintains strong momentum. Per QYResearch data, the global soft magnetic alloys market reached USD 25.22 billion in 2025, projected to hit USD 36.69 billion by 2032, delivering a 5.6 % CAGR from 2026‑2032. In RMB terms, the global market stood at 171.5 billion yuan (2025), forecast to reach 249.5 billion yuan in 2032. High‑precision soft magnetic alloys (Permalloy, Kovar, Invar etc.) register even faster growth: valued at USD 1.16 billion (2025) and expected to reach USD 2.006 billion by 2032, with an 8.3 % CAGR, fuelled by aerospace, medical imaging, semiconductor packaging and precision‑instrument requirements. China's domestic market continues rapid expansion, hitting approximately 148 billion yuan in 2025 (+9.6 % YoY), powered by NEVs, PV‑energy‑storage, 5G and high‑end power supplies. As the world's largest soft‑magnetic‑ferrite producer and major hub for alloy powder‑core manufacturing, China is capturing growing shares of global consumption. Domestic substitution accelerates for high‑grade soft magnetic alloys, narrowing gaps versus imported material performance.

China Soft Magnetic Alloy Supplier Directory

Beijing Beiye Functional Materials Corporation

• Location: Beijing
• Core strengths: State‑backed special‑material enterprise, mature vacuum‑melting and high‑temperature hydrogen‑annealing production lines; strict impurity‑level control for high‑permeability soft magnetic alloys.
• Key grades: Full series 1J‑type iron‑nickel soft‑magnetic alloys, Kovar, Invar, elastic precision alloys.
• Forms: Strip, thin foil, bar, forgings.
• Applications: Aerospace, defence, instrumentation, current‑sensor cores.

Advanced Technology & Materials Co., Ltd. (AT&M / Antai Tech)

• Location: Beijing
• Core strengths: Leading R&D‑driven enterprise, prominent capacity for amorphous / nanocrystalline soft‑magnetic ribbons alongside Permalloy series products.
• Key grades: 1J‑series Permalloy, Fe‑Co soft‑magnetic alloys, amorphous & nanocrystalline ribbons.
• Forms: Ribbon, strip, magnetic cores.
• Applications: New‑energy inverters, high‑frequency power supplies, aerospace electronic systems.

Tier 2: Specialised Soft‑Magnetic Powder & Powder‑Core Manufacturers

Boway New Materials

• Location: Ningbo, Zhejiang
• Core strengths: Large‑scale alloy‑powder atomisation and powder‑core manufacturing capacity; focus on Fe‑Si, Fe‑Si‑Al, Fe‑Ni soft‑magnetic powders and components.
• Products: Soft‑magnetic alloy powder, compression‑moulded powder cores.
• Applications: PV inverters, energy‑storage converters, automotive OBC and DC‑DC inductors.

Pro‑Power Materials (BoKe New Material)

• Location: Shenzhen, Guangdong
• Core strengths: Domestic pioneer in metal soft‑magnetic powder‑core mass‑production, stable supply for top‑tier new‑energy OEMs.
• Products: Fe‑Si, Fe‑Si‑Al series powder cores.
• Applications: Photovoltaic, energy‑storage, automotive power electronics.

Dongmu New Materials Group

• Location: Zhejiang
• Core strengths: Large‑scale powder‑metallurgy group, integrated powder preparation and component pressing capability; large‑volume automotive‑grade delivery capacity.
• Products: Soft‑magnetic composite powder cores, PM soft‑magnetic parts.
• Applications: Automotive motors, photovoltaic inverters, industrial power supplies.

Tier 3: Regional Professional Strip & Component Processors

• Shanghai Chaozhan New Metal Materials: Specialises in soft‑magnetic strip, Kovar and Invar strip processing for electronic components.
• Xi'an Bolante Alloy: Supplies Permalloy strip and small‑batch magnetic core processing for sensor and instrumentation markets.

Note: The above directory is compiled based on public industry information for reference only, not exhaustive ranking.

Major Industry Trends Shaping 2026

1. New‑energy sectors fuel material demand NEV drive motors, on‑board chargers, charging piles and PV inverters drive consumption growth. Amorphous and nanocrystalline alloys capture 17.5 % market share with a 14.2 % CAGR; metal soft‑magnetic powder cores reach 14.3 % share with fast adoption in energy‑storage converters.
2. High‑frequency and miniaturisation requirements rise Power electronics trend toward higher operating frequency and compact dimensions, increasing demand for low‑loss, high‑permeability materials such as Permalloy, amorphous and nanocrystalline grades.
3. Domestic substitution accelerates for high‑end soft magnetic alloys Local manufacturers close performance gaps against imported materials, gaining market share through competitive pricing, flexible customisation and responsive local technical support.
4. R&D investment intensifies for next‑generation materials Enterprises boost investment in new‑grade development. Additive manufacturing of soft‑magnetic alloys emerges for complex‑geometry magnetic‑component production.

Key Evaluation Criteria for Selecting China‑Based Soft‑Magnetic‑Alloy Suppliers