Market Overview:
The global permanent rare earth magnets market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for permanent rare earth magnets from various applications, such as industrial, consumer electronics, home appliances, automotive, wind turbines, medical equipment and aerospace. In addition, the growing demand for electric vehicles is also contributing to the growth of this market.
Product Definition:
Permanent rare earth magnets are made from alloys of rare earth elements which are then magnetized. They have a higher coercivity than other types of magnets and so can hold a stronger magnetic field. This makes them ideal for use in permanent magnet motors, generators and other electrical devices.
Neodymium Magnets:
Neodymium magnets are one of the strongest permanent rare earth magnets. They have a high permeability to radio-frequency electromagnetic waves and a low Curie temperature. Neodymium (Nd) magnets can be easily divided into NdFeB, NdZnO, and Nb3Sn among others; all these materials share similar properties but vary in dimensions and prices.
Samarium Magnets:
The global Samarium Magnets market size was valued at USD 31.5 million in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of its increasing demand from end-use industries such as automotive, energy, construction equipment, medical devices and equipment industry among others.
Application Insights:
The permanent rare earth magnets market is segmented on the basis of application into industrial, consumer electronics, home appliances, automotive, aerospace and wind turbines. The industrial sector accounted for a major share in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing demand from sectors such as construction equipment industry which utilizes these products for its motors along with neodymium magnets.
The growing use of permanent rare earth magnets in various applications including medical devices & equipment has resulted in increased product demand across all applications during recent years. Increasing R&D activities by companies pertaining to advanced usage of these materials in automobiles and wind turbines are some other factors responsible for driving the market growth over the forecast period.
Regional Analysis:
Asia Pacific permanent rare earth magnets market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing per capita income in emerging economies such as China, India, and Japan. The region holds a majority of global reserves and is also one of the top producers of these elements along with being a major consumer in various applications including automotive, wind turbines, electronics manufacturing etc. Neodymium magnet production accounted for over 80% share in 2017 on account rising demand from end-use industries such as automotive & transportation equipment, construction equipment/automotive parts etc., home appliances & FMCG industry among others across the globe.
Growth Factors:
- Increasing demand from the automotive and electronics industries
- Growing popularity of electric vehicles
- Rising demand for renewable energy sources
- Proliferation of digital technologies
- Stringent environmental regulations
Scope Of The Report
Report Attributes
Report Details
Report Title
Permanent Rare Earth Magnets Market Research Report
By Type
Neodymium Magnets, Samarium Magnets
By Application
Industrial, Consumer Electronics, Home Appliances, Automotive, Wind Turbines, Medical Equipment, Aerospace
By Companies
Hitachi Metals, Vacuumschmelze, Shin-Etsu Rare Earth Magnet, TDK
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
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Permanent Rare Earth Magnets Market Report Segments:
The global Permanent Rare Earth Magnets market is segmented on the basis of:
Types
Neodymium Magnets, Samarium Magnets
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
Industrial, Consumer Electronics, Home Appliances, Automotive, Wind Turbines, Medical Equipment, Aerospace
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:
- Hitachi Metals
- Vacuumschmelze
- Shin-Etsu Rare Earth Magnet
- TDK
Highlights of The Permanent Rare Earth Magnets 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:
- Neodymium Magnets
- Samarium Magnets
- By Application:
- Industrial
- Consumer Electronics
- Home Appliances
- Automotive
- Wind Turbines
- Medical Equipment
- Aerospace
- 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 Permanent Rare Earth Magnets 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?
Permanent rare earth magnets are made from a material that is very strong and has a long life. These magnets can be used in many applications, such as holding documents together or keeping small objects in place.
Some of the major companies in the permanent rare earth magnets market are Hitachi Metals, Vacuumschmelze, Shin-Etsu Rare Earth Magnet, TDK.
The permanent rare earth magnets market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Permanent Rare Earth Magnets Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Permanent Rare Earth Magnets Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Permanent Rare Earth Magnets Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Permanent Rare Earth Magnets Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Permanent Rare Earth Magnets Market Size & Forecast, 2018-2028 4.5.1 Permanent Rare Earth Magnets Market Size and Y-o-Y Growth 4.5.2 Permanent Rare Earth Magnets Market Absolute $ Opportunity
Chapter 5 Global Permanent Rare Earth Magnets Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Permanent Rare Earth Magnets Market Size Forecast by Type
5.2.1 Neodymium Magnets
5.2.2 Samarium Magnets
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Permanent Rare Earth Magnets Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Permanent Rare Earth Magnets Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Consumer Electronics
6.2.3 Home Appliances
6.2.4 Automotive
6.2.5 Wind Turbines
6.2.6 Medical Equipment
6.2.7 Aerospace
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Permanent Rare Earth Magnets Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Permanent Rare Earth Magnets Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Permanent Rare Earth Magnets Analysis and Forecast
9.1 Introduction
9.2 North America Permanent Rare Earth Magnets Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Permanent Rare Earth Magnets Market Size Forecast by Type
9.6.1 Neodymium Magnets
9.6.2 Samarium Magnets
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Permanent Rare Earth Magnets Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Consumer Electronics
9.10.3 Home Appliances
9.10.4 Automotive
9.10.5 Wind Turbines
9.10.6 Medical Equipment
9.10.7 Aerospace
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Permanent Rare Earth Magnets Analysis and Forecast
10.1 Introduction
10.2 Europe Permanent Rare Earth Magnets Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Permanent Rare Earth Magnets Market Size Forecast by Type
10.6.1 Neodymium Magnets
10.6.2 Samarium Magnets
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Permanent Rare Earth Magnets Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Consumer Electronics
10.10.3 Home Appliances
10.10.4 Automotive
10.10.5 Wind Turbines
10.10.6 Medical Equipment
10.10.7 Aerospace
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Permanent Rare Earth Magnets Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Permanent Rare Earth Magnets Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Permanent Rare Earth Magnets Market Size Forecast by Type
11.6.1 Neodymium Magnets
11.6.2 Samarium Magnets
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Permanent Rare Earth Magnets Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Consumer Electronics
11.10.3 Home Appliances
11.10.4 Automotive
11.10.5 Wind Turbines
11.10.6 Medical Equipment
11.10.7 Aerospace
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Permanent Rare Earth Magnets Analysis and Forecast
12.1 Introduction
12.2 Latin America Permanent Rare Earth Magnets Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Permanent Rare Earth Magnets Market Size Forecast by Type
12.6.1 Neodymium Magnets
12.6.2 Samarium Magnets
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Permanent Rare Earth Magnets Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Consumer Electronics
12.10.3 Home Appliances
12.10.4 Automotive
12.10.5 Wind Turbines
12.10.6 Medical Equipment
12.10.7 Aerospace
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Permanent Rare Earth Magnets Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Permanent Rare Earth Magnets Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Permanent Rare Earth Magnets Market Size Forecast by Type
13.6.1 Neodymium Magnets
13.6.2 Samarium Magnets
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Permanent Rare Earth Magnets Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Consumer Electronics
13.10.3 Home Appliances
13.10.4 Automotive
13.10.5 Wind Turbines
13.10.6 Medical Equipment
13.10.7 Aerospace
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Permanent Rare Earth Magnets Market: Competitive Dashboard
14.2 Global Permanent Rare Earth Magnets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hitachi Metals
14.3.2 Vacuumschmelze
14.3.3 Shin-Etsu Rare Earth Magnet
14.3.4 TDK