Time:2025-11-13 Browse: 4
In the global soft magnetic materials market, silicon steel-based soft magnetic materials hold an absolute dominant position due to their excellent magnetic properties and wide range of applications. Soft magnetic materials mainly include silicon steel (oriented silicon steel and non-oriented silicon steel), ferrite cores, amorphous ribbons, nanocrystalline ribbons, metallic magnetic powder cores, permalloy, etc. According to QYResearch data, the market size of silicon steel-based soft magnetic materials reached US$25.3 billion in 2024, accounting for as much as 87% of the overall soft magnetic materials market. This data fully reflects the core position of silicon steel in the power, machinery, and electrical industries. As an essential material for key equipment such as transformers and motors, it plays an irreplaceable role in the stable operation of the global industrial system.
