As of 2023, the global soft magnetic absorbing material market is valued at approximately USD 8.975 billion. The market is projected to grow significantly, reaching an estimated USD 14.889 billion by 2030. This translates into a compound annual growth rate (CAGR) of 7.50% over the forecast period from 2023 to 2030. This growth is a reflection of the increasing application of soft magnetic materials across diverse sectors, from consumer electronics to power electronics and telecommunications.
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