Market Overview:
The global ferromagnetic materials market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electronic products, physical products, aviation products, and other applications across the globe. The metal permanent magnet materials segment is expected to hold the largest share of the global ferromagnetic materials market during the forecast period. This segment is projected to grow at a CAGR of 6% from 2018 to 2030.
Product Definition:
Ferromagnetic materials are materials that exhibit a strong magnetic attraction to an external magnetic field. The most common ferromagnetic material is iron, which is why magnets are often made from iron. Ferromagnetic materials are used in many applications, including electric motors, loudspeakers, and MRI machines.
Rare Earth Permanent Magnet Materials:
Rare earth permanent magnets materials are a group of 17 elements from the periodic table, which have properties such as high strength and corrosion resistance. These rare earth elements include neodymium, samarium, europium, dysprosium, Holmium (TMD), terbium (TBI), yttrium and others.
Metal Permanent Magnet Materials:
Metal permanent magnet materials and it's usage in ferromagnetic materials market is expected to witness significant growth over the forecast period. The key driver for this market is increasing demand from the electronics industry. Electronics & Information Technology sector has witnessed tremendous growth over the past few years, which has positively affected metal permanent magnet material and their demand in ferromagnetic materials market.
The other drivers for this Metal Permanent Magnet Materials (MPM).
Application Insights:
The other application segment includes applications such as automotive, consumer electronics, appliances and transportation. The physical application segment dominated the global ferromagnetic materials market in 2017 owing to increasing demand from various industries including automotive, construction and electrical & electronics.
Automotive is expected to be one of the fastest growing segments over the forecast period owing to increasing use of permanent magnets in various components such as engine parts, power trains and brake systems for a better performance. Rare earth permanent magnet materials are widely used in automobiles for providing a smooth ride by reducing vibrations caused by moving vehicle parts or sound waves generated by speakers installed at a car¢â‚¬â„¢s interior surfaces.
The electronic products segment accounted for more than 25% share of the overall revenue on account of high magnetic properties exhibited by rare-earth magnets that are used across multiple industry verticals including computers, telephones and televisions (C T V).
Regional Analysis:
North America dominated the global ferromagnetic materials market in 2016. The region is expected to witness a considerable growth rate of 5.6% over the forecast period, owing to rapid technological advancements and increasing demand for electronics products in U.S., Canada, and Mexico.
The European market also accounted for a significant share of the overall revenue due to high product adoption in various end-use industries including automotive, energy storage & renewable power generation, aerospace & defense among others across Europe especially Germany.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for ferromagnetic materials, as they are used in the manufacture of electric motors and generators.
- Growing popularity of renewable energy sources: Renewable energy sources such as solar and wind power are becoming increasingly popular due to their environmental benefits. This will lead to an increase in the demand for ferromagnetic materials, as they are used in the manufacture of wind turbines and solar panels.
- Rising disposable income levels: A growing middle class population with rising disposable incomes is driving growth in many industries, including the Ferromagnetic Materials market. This is leading to increased spending on products that require ferromagnetic materials, such as consumer electronics and appliances.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ferromagnetic Materials Market Research Report
By Type
Rare Earth Permanent Magnet Materials, Metal Permanent Magnet Materials, Ferrite Permanent Magnet Material
By Application
Electronic Products, Physical, Aviation, Other
By Companies
Dexter Magnetic Technologies, Digi-Key Electronics, RS Components, Murata Americas, Skyworks Solutions, Adams Magnetic Products, Braden Shielding Systems, Armstrong Magnetics, CMS Magnetics, Dura Magnetics, Earth Magnets, Electrodyne Company, Hitachi Metals America, International MagnaProducts, Kemtron, Kreger Components,, Magnetfabrik Bonn GmbH, Magnetics, Micromark, NIKKO Company, Ningbo Xiangyang
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Ferromagnetic Materials Market Report Segments:
The global Ferromagnetic Materials market is segmented on the basis of:
Types
Rare Earth Permanent Magnet Materials, Metal Permanent Magnet Materials, Ferrite Permanent Magnet Material
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronic Products, Physical, Aviation, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dexter Magnetic Technologies
- Digi-Key Electronics
- RS Components
- Murata Americas
- Skyworks Solutions
- Adams Magnetic Products
- Braden Shielding Systems
- Armstrong Magnetics
- CMS Magnetics
- Dura Magnetics
- Earth Magnets
- Electrodyne Company
- Hitachi Metals America
- International MagnaProducts
- Kemtron
- Kreger Components,
- Magnetfabrik Bonn GmbH
- Magnetics
- Micromark
- NIKKO Company
- Ningbo Xiangyang
Highlights of The Ferromagnetic Materials Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rare Earth Permanent Magnet Materials
- Metal Permanent Magnet Materials
- Ferrite Permanent Magnet Material
- By Application:
- Electronic Products
- Physical
- Aviation
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ferromagnetic Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ferromagnetic materials are materials that have a property of being able to retain their magnetic properties when subjected to an external magnetic field. This means that these materials can be used in applications where it is important to keep items magnetized, such as in hard drive storage or data archival.
Some of the major players in the ferromagnetic materials market are Dexter Magnetic Technologies, Digi-Key Electronics, RS Components, Murata Americas, Skyworks Solutions, Adams Magnetic Products, Braden Shielding Systems, Armstrong Magnetics, CMS Magnetics, Dura Magnetics, Earth Magnets, Electrodyne Company, Hitachi Metals America, International MagnaProducts, Kemtron, Kreger Components,, Magnetfabrik Bonn GmbH, Magnetics, Micromark, NIKKO Company, Ningbo Xiangyang.
The ferromagnetic materials market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ferromagnetic Materials Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ferromagnetic Materials Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ferromagnetic Materials Market - Supply Chain
4.5. Global Ferromagnetic Materials Market Forecast
4.5.1. Ferromagnetic Materials Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ferromagnetic Materials Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ferromagnetic Materials Market Absolute $ Opportunity
5. Global Ferromagnetic Materials Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ferromagnetic Materials Market Size and Volume Forecast by Type
5.3.1. Rare Earth Permanent Magnet Materials
5.3.2. Metal Permanent Magnet Materials
5.3.3. Ferrite Permanent Magnet Material
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ferromagnetic Materials Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ferromagnetic Materials Market Size and Volume Forecast by Application
6.3.1. Electronic Products
6.3.2. Physical
6.3.3. Aviation
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ferromagnetic Materials Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ferromagnetic Materials Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ferromagnetic Materials Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ferromagnetic Materials Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ferromagnetic Materials Demand Share Forecast, 2019-2026
9. North America Ferromagnetic Materials Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ferromagnetic Materials Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ferromagnetic Materials Market Size and Volume Forecast by Application
9.4.1. Electronic Products
9.4.2. Physical
9.4.3. Aviation
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ferromagnetic Materials Market Size and Volume Forecast by Type
9.7.1. Rare Earth Permanent Magnet Materials
9.7.2. Metal Permanent Magnet Materials
9.7.3. Ferrite Permanent Magnet Material
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ferromagnetic Materials Demand Share Forecast, 2019-2026
10. Latin America Ferromagnetic Materials Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ferromagnetic Materials Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ferromagnetic Materials Market Size and Volume Forecast by Application
10.4.1. Electronic Products
10.4.2. Physical
10.4.3. Aviation
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ferromagnetic Materials Market Size and Volume Forecast by Type
10.7.1. Rare Earth Permanent Magnet Materials
10.7.2. Metal Permanent Magnet Materials
10.7.3. Ferrite Permanent Magnet Material
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ferromagnetic Materials Demand Share Forecast, 2019-2026
11. Europe Ferromagnetic Materials Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ferromagnetic Materials Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ferromagnetic Materials Market Size and Volume Forecast by Application
11.4.1. Electronic Products
11.4.2. Physical
11.4.3. Aviation
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ferromagnetic Materials Market Size and Volume Forecast by Type
11.7.1. Rare Earth Permanent Magnet Materials
11.7.2. Metal Permanent Magnet Materials
11.7.3. Ferrite Permanent Magnet Material
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ferromagnetic Materials Demand Share, 2019-2026
12. Asia Pacific Ferromagnetic Materials Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ferromagnetic Materials Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ferromagnetic Materials Market Size and Volume Forecast by Application
12.4.1. Electronic Products
12.4.2. Physical
12.4.3. Aviation
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ferromagnetic Materials Market Size and Volume Forecast by Type
12.7.1. Rare Earth Permanent Magnet Materials
12.7.2. Metal Permanent Magnet Materials
12.7.3. Ferrite Permanent Magnet Material
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ferromagnetic Materials Demand Share, 2019-2026
13. Middle East & Africa Ferromagnetic Materials Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ferromagnetic Materials Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ferromagnetic Materials Market Size and Volume Forecast by Application
13.4.1. Electronic Products
13.4.2. Physical
13.4.3. Aviation
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ferromagnetic Materials Market Size and Volume Forecast by Type
13.7.1. Rare Earth Permanent Magnet Materials
13.7.2. Metal Permanent Magnet Materials
13.7.3. Ferrite Permanent Magnet Material
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ferromagnetic Materials Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ferromagnetic Materials Market: Market Share Analysis
14.2. Ferromagnetic Materials Distributors and Customers
14.3. Ferromagnetic Materials Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dexter Magnetic Technologies
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Digi-Key Electronics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. RS Components
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Murata Americas
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Skyworks Solutions
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Adams Magnetic Products
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Braden Shielding Systems
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Armstrong Magnetics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. CMS Magnetics
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dura Magnetics
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Earth Magnets
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Electrodyne Company
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hitachi Metals America
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. International MagnaProducts
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kemtron
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Kreger Components,
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Magnetfabrik Bonn GmbH
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Magnetics
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Micromark
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. NIKKO Company
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
