Middle East & Africa Soft Magnetic Materials Market to 2032
Overview
The Middle East & Africa Soft Magnetic Materials Market is expected to reach a 3.47 USD Billion by 2032 and is projected to grow at a CAGR of 6.26% from 2025 to 2032.
Revenue, 2024 (USD Billion)
2.15
Forecast, 2032 (USD Billion)
3.47
CAGR, 2024 - 2032
6.26%
Report Coverage
Middle East & Africa
Middle East & Africa Soft Magnetic Materials Market 2018-2032 USD Billion
Middle East & Africa Soft Magnetic Materials Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 2.15 USD Billion
- Projected Market Size (2032): 3.47 USD Billion
- CAGR (2025-2032): 6.26%
Key Findings of Middle East & Africa Soft Magnetic Materials Market
- The Middle East & Africa Soft Magnetic Materials Market was valued at 2.15 USD Billion in 2024.
- The Middle East & Africa Soft Magnetic Materials Market is likely to grow at a CAGR of 6.26% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Cold Rolling & Annealing in Manufacturing Process Segment accounted for the largest share of the market with a revenue of 1.34 USD Billion
- The fastest growing segment Soft Ferrites in Material Type Segment grew Fastest with a CAGR of 7.43% during the forecast period from 2024 to 2032.
Middle East & Africa Soft Magnetic Materials Market Scope
Middle East & Africa Soft Magnetic Materials Market Segmentation & Scope
Material Type
- Others
- Thin Films & Magnetic Coatings
- Iron-Silicon Powder
- Sendust Powder (Fe-Si-Al)
- Solenoid-quality Stainless Steel Powder
- High-purity Iron Powder
- CIP — Carbonyl Iron Powder (CIP)
- Permendur
- Permalloy
- Soft Magnetic Alloys
- Amorphous & Nanocrystalline Alloys
- Powdered Iron & Metal Powders
- Electrical Steels (Fe-Si)
- Soft Ferrites
Product Type
- Others
- Ingots
- Assembled Components
- Ribbons & Foils
- Powders & Granules
- Cores & Core Types
- Sheets & Strips
Manufacturing Process
- Others
- Powder Metallurgy
- Melt Spinning
- Cold Rolling & Annealing
Application
- Signal Processing & Noise Suppression
- Magnetic Recording & Data Storage
- Others
- Energy Storage & Transfer
- Magnetization & Demagnetization Systems
- Magnetic Shielding
- Electromagnetic Sensing & Detection
- Power Conditioning and Conversion
- Electromagnetic Energy Conversion
- Electromagnetic Induction
End-User
- Others
- Construction Industry
- Renewable Energy
- Healthcare & Medical
- Aerospace & Defence
- Industrial Manufacturing
- IT and Telecommunication
- Consumer Electronics
- Electrical & Power Utilities
- Automotive Industry
Distribution Channel
- In-Direct
- Direct
Middle East & Africa Soft Magnetic Materials Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2024 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 2.15 USD Billion |
| Market Value in 2032 | 3.47 USD Billion |
| CAGR (2025-2032) | 6.26% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Material Type,Product Type,Manufacturing Process,Application,End-User,Distribution Channel |
Regional Insights:
-
Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 2.15 USD Billion in 2024
- Key Country: Saudi Arabia, leading in terms of revenue with value of 526.49 USD Million in 2024.
Segments and Scope
-
Middle East & Africa Soft Magnetic Materials Market to 2032, By Material Type
- Soft Ferrites is the largest segment in Middle East & Africa Soft Magnetic Materials Market to 2032 with a revenue of 612.75 USD Billion in the year 2024.
- Soft Ferrites is the Fastest growing segment in Middle East & Africa Soft Magnetic Materials Market to 2032 with a Growth rate of 7.43 % in forecast period 2025-2032.
-
Middle East & Africa Soft Magnetic Materials Market to 2032, By Product Type
- Sheets & Strips is the largest segment in Middle East & Africa Soft Magnetic Materials Market to 2032 with a revenue of 699.85 USD Billion in the year 2024.
- Sheets & Strips is the Fastest growing segment in Middle East & Africa Soft Magnetic Materials Market to 2032 with a Growth rate of 6.90 % in forecast period 2025-2032.
-
Middle East & Africa Soft Magnetic Materials Market to 2032, By Manufacturing Process
- Cold Rolling & Annealing is the largest segment in Middle East & Africa Soft Magnetic Materials Market to 2032 with a revenue of 1.34 USD Billion in the year 2024.
- Melt Spinning is the Fastest growing segment in Middle East & Africa Soft Magnetic Materials Market to 2032 with a Growth rate of 6.12 % in forecast period 2025-2032.
-
Middle East & Africa Soft Magnetic Materials Market to 2032, By Application
- Electromagnetic Induction is the largest segment in Middle East & Africa Soft Magnetic Materials Market to 2032 with a revenue of 688.52 USD Billion in the year 2024.
- Electromagnetic Energy Conversion is the Fastest growing segment in Middle East & Africa Soft Magnetic Materials Market to 2032 with a Growth rate of 6.93 % in forecast period 2025-2032.
-
Middle East & Africa Soft Magnetic Materials Market to 2032, By End-User
- Automotive Industry is the largest segment in Middle East & Africa Soft Magnetic Materials Market to 2032 with a revenue of 613.10 USD Billion in the year 2024.
- Automotive Industry is the Fastest growing segment in Middle East & Africa Soft Magnetic Materials Market to 2032 with a Growth rate of 7.05 % in forecast period 2025-2032.
-
Middle East & Africa Soft Magnetic Materials Market to 2032, By Distribution Channel
- Direct is the largest segment in Middle East & Africa Soft Magnetic Materials Market to 2032 with a revenue of 1.23 USD Billion in the year 2024.
- In-Direct is the Fastest growing segment in Middle East & Africa Soft Magnetic Materials Market to 2032 with a Growth rate of 5.70 % in forecast period 2025-2032.
Middle East & Africa Soft Magnetic Materials Market Company Share Analysis
| Company Name |
|
||
| TDK CORPORATION | |||
| TATA STEEL | |||
| ARCELORMITTAL | |||
| JFE STEEL CORPORATION | |||
| THYSSENKRUPP AG | |||
Middle East & Africa Soft Magnetic Materials Market Geographical Sales Distribution, 2018-2032 USD Billion
Middle East & Africa Soft Magnetic Materials Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Middle East & Africa Soft Magnetic Materials Market is segmented based on Segmentation Material Type,Product Type,Manufacturing Process,Application,End-User,Distribution Channel.
Middle East & Africa Soft Magnetic Materials Market was valued at USD 2.15(Revenue in USD Billion) in 2024.
Middle East & Africa Soft Magnetic Materials Market is projected to grow at a CAGR of 6.26% during the forecast period of 2024 to 2032.
The Cold Rolling & Annealing segment is expected to dominate the Middle East & Africa Soft Magnetic Materials Market, holding a largest market share of 1.34 USD Billion in 2024
Middle East & Africa Soft Magnetic Materials Market Scope
Middle East & Africa Soft Magnetic Materials Market Segmentation & Scope
Material Type
- Others
- Thin Films & Magnetic Coatings
- Iron-Silicon Powder
- Sendust Powder (Fe-Si-Al)
- Solenoid-quality Stainless Steel Powder
- High-purity Iron Powder
- CIP — Carbonyl Iron Powder (CIP)
- Permendur
- Permalloy
- Soft Magnetic Alloys
- Amorphous & Nanocrystalline Alloys
- Powdered Iron & Metal Powders
- Electrical Steels (Fe-Si)
- Soft Ferrites
Product Type
- Others
- Ingots
- Assembled Components
- Ribbons & Foils
- Powders & Granules
- Cores & Core Types
- Sheets & Strips
Manufacturing Process
- Others
- Powder Metallurgy
- Melt Spinning
- Cold Rolling & Annealing
Application
- Signal Processing & Noise Suppression
- Magnetic Recording & Data Storage
- Others
- Energy Storage & Transfer
- Magnetization & Demagnetization Systems
- Magnetic Shielding
- Electromagnetic Sensing & Detection
- Power Conditioning and Conversion
- Electromagnetic Energy Conversion
- Electromagnetic Induction
End-User
- Others
- Construction Industry
- Renewable Energy
- Healthcare & Medical
- Aerospace & Defence
- Industrial Manufacturing
- IT and Telecommunication
- Consumer Electronics
- Electrical & Power Utilities
- Automotive Industry
Distribution Channel
- In-Direct
- Direct
Frequently Asked Questions
The Middle East & Africa Soft Magnetic Materials Market is segmented based on Segmentation Material Type,Product Type,Manufacturing Process,Application,End-User,Distribution Channel.
Middle East & Africa Soft Magnetic Materials Market was valued at USD 2.15(Revenue in USD Billion) in 2024.
Middle East & Africa Soft Magnetic Materials Market is projected to grow at a CAGR of 6.26% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Soft Magnetic Materials Market for final year is USD 3.47 (USD Billion).
Middle East & Africa Soft Magnetic Materials Market Company Profiling
Frequently Asked Questions
The Middle East & Africa Soft Magnetic Materials Market is segmented based on Segmentation Material Type,Product Type,Manufacturing Process,Application,End-User,Distribution Channel.
Middle East & Africa Soft Magnetic Materials Market was valued at USD 2.15(Revenue in USD Billion) in 2024.
Middle East & Africa Soft Magnetic Materials Market is projected to grow at a CAGR of 6.26% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Soft Magnetic Materials Market for final year is USD 3.47 (USD Billion).
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