Market Overview:
The global magnetic particle market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for neodymium-based magnets in various applications, such as automotive, household appliance, computer, electronic toy and electroacoustic product industries. In addition, the growing demand for military applications is also contributing to the growth of this market. However, volatility in prices of rare earth metals may restrain the growth of this market during the forecast period.
Product Definition:
A magnetic particle is a small, magnetized piece of material. Magnetic particles are used for many purposes, including locating cracks and imperfections in metal objects, removing paint or other coatings from surfaces, and adding color to materials.
Ferrites:
Ferrites are magnetic nanoparticles and have applications in Magnetic Particle Market. They can be used as a substitute to rare earth magnets because of their low cost, high permeability, and large surface area. Ferrites find application in various industries such as automotive industry, consumer electronics industry among others.
Neodymium(NdFeB):
Neodymium (NdFeB) is a chemical element produced by the rare earth metal group. The name comes from the Greek word “neo” which means new and “demi” which means half. It has no stable isotopes due to its radioactive nature.
Application Insights:
The global magnetic particle market is segmented on the basis of applications into the auto industry, household appliance industry, computer industry, electronic toys and electroacoustic products. The auto application segment accounted for a major share in 2017 owing to increasing demand for advanced vehicles with enhanced performance capabilities.
Magnetic particles are used in various automotive applications such as engine control systems and power trains along with sensors that monitor wheel speed and vehicle acceleration/deceleration information. These particles also play an important role in hybrid vehicles by enhancing battery efficiency through regenerative braking energy capture systems which reduce fuel consumption by around 10%.
Household appliances are expected to be one of the fastest-growing segments over the forecast period due to rapid growth of electronics product manufacturing across regions coupled with rising consumer disposable income levels. Increasing use of magnetic materials in refrigerators, washing machines and dryers has led to higher durability along with increased efficiency which is likely to propel their demand over next eight years or so.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2016. The growth can be attributed to increasing demand for magnetic particle products from various end-use industries such as automotive, household appliances, computer and electronics. In addition, rising R&D activities by key companies are expected to fuel the product demand over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rapid industrialization and urbanization coupled with increasing per capita income levels in emerging economies such as China and India. Moreover, growing population has led to increased consumption of electronic gadgets which will further drive product demand across this region during the forecast period. Neodymium magnets are widely used in loudspeakers due their high efficiency factor at low cost; hence they find applications across numerous sectors including automotive audio systems and consumer electronics among others).
Growth Factors:
- Increasing demand from end-use industries such as automotive, aerospace, and defense
- Growing popularity of nanotechnology and its applications in various industries
- Rising demand for lightweight and high-strength materials in the automotive sector
- Increasing investments by key players in research and development activities to develop new products
- Growing number of magnetic particle testing laboratories worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Particle Market Research Report
By Type
Ferrites, Neodymium(NdFeB)
By Application
Auto Industry, Household Appliance Industry, Computer Industry, Electronic Toys, Electroacoustic Product, Military Application
By Companies
MQI, Aichi Steel, Zhao Ri Ke, Galaxy Magnets, Yuhong, Huiling, Western Magnet, San Huan, Hoosier Magnetics, Todakogyo, HIMAG, DMEGC Magnetics, Zhejiang Ante, Maanshan CY, BGRIMM Magnetic, Shunde Baling, MGC, Comc Technology
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Particle Market Report Segments:
The global Magnetic Particle market is segmented on the basis of:
Types
Ferrites, Neodymium(NdFeB)
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
Auto Industry, Household Appliance Industry, Computer Industry, Electronic Toys, Electroacoustic Product, Military Application
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:
- MQI
- Aichi Steel
- Zhao Ri Ke
- Galaxy Magnets
- Yuhong
- Huiling
- Western Magnet
- San Huan
- Hoosier Magnetics
- Todakogyo
- HIMAG
- DMEGC Magnetics
- Zhejiang Ante
- Maanshan CY
- BGRIMM Magnetic
- Shunde Baling
- MGC
- Comc Technology
Highlights of The Magnetic Particle 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:
- Ferrites
- Neodymium(NdFeB)
- By Application:
- Auto Industry
- Household Appliance Industry
- Computer Industry
- Electronic Toys
- Electroacoustic Product
- Military Application
- 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 Magnetic Particle 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?
Magnetic particles are tiny pieces of metal that have been magnetized. They can be found in a variety of places, including Earth's atmosphere and inside the planet's core. Magnetic fields are created when these particles interact with electric fields.
Some of the major companies in the magnetic particle market are MQI, Aichi Steel, Zhao Ri Ke, Galaxy Magnets, Yuhong, Huiling, Western Magnet, San Huan, Hoosier Magnetics, Todakogyo, HIMAG, DMEGC Magnetics, Zhejiang Ante, Maanshan CY, BGRIMM Magnetic, Shunde Baling, MGC, Comc Technology.
The magnetic particle market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnetic Particle 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. Magnetic Particle Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnetic Particle Market - Supply Chain
4.5. Global Magnetic Particle Market Forecast
4.5.1. Magnetic Particle Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnetic Particle Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnetic Particle Market Absolute $ Opportunity
5. Global Magnetic Particle 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. Magnetic Particle Market Size and Volume Forecast by Type
5.3.1. Ferrites
5.3.2. Neodymium(NdFeB)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnetic Particle 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. Magnetic Particle Market Size and Volume Forecast by Application
6.3.1. Auto Industry
6.3.2. Household Appliance Industry
6.3.3. Computer Industry
6.3.4. Electronic Toys
6.3.5. Electroacoustic Product
6.3.6. Military Application
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnetic Particle 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. Magnetic Particle 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 Magnetic Particle 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. Magnetic Particle 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 Magnetic Particle Demand Share Forecast, 2019-2029
9. North America Magnetic Particle 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 Magnetic Particle 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 Magnetic Particle Market Size and Volume Forecast by Application
9.4.1. Auto Industry
9.4.2. Household Appliance Industry
9.4.3. Computer Industry
9.4.4. Electronic Toys
9.4.5. Electroacoustic Product
9.4.6. Military Application
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnetic Particle Market Size and Volume Forecast by Type
9.7.1. Ferrites
9.7.2. Neodymium(NdFeB)
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 Magnetic Particle Demand Share Forecast, 2019-2029
10. Latin America Magnetic Particle 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 Magnetic Particle 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 Magnetic Particle Market Size and Volume Forecast by Application
10.4.1. Auto Industry
10.4.2. Household Appliance Industry
10.4.3. Computer Industry
10.4.4. Electronic Toys
10.4.5. Electroacoustic Product
10.4.6. Military Application
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnetic Particle Market Size and Volume Forecast by Type
10.7.1. Ferrites
10.7.2. Neodymium(NdFeB)
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 Magnetic Particle Demand Share Forecast, 2019-2029
11. Europe Magnetic Particle 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 Magnetic Particle 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 Magnetic Particle Market Size and Volume Forecast by Application
11.4.1. Auto Industry
11.4.2. Household Appliance Industry
11.4.3. Computer Industry
11.4.4. Electronic Toys
11.4.5. Electroacoustic Product
11.4.6. Military Application
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnetic Particle Market Size and Volume Forecast by Type
11.7.1. Ferrites
11.7.2. Neodymium(NdFeB)
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 Magnetic Particle Demand Share, 2019-2029
12. Asia Pacific Magnetic Particle 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 Magnetic Particle 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 Magnetic Particle Market Size and Volume Forecast by Application
12.4.1. Auto Industry
12.4.2. Household Appliance Industry
12.4.3. Computer Industry
12.4.4. Electronic Toys
12.4.5. Electroacoustic Product
12.4.6. Military Application
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnetic Particle Market Size and Volume Forecast by Type
12.7.1. Ferrites
12.7.2. Neodymium(NdFeB)
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 Magnetic Particle Demand Share, 2019-2029
13. Middle East & Africa Magnetic Particle 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 Magnetic Particle 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 Magnetic Particle Market Size and Volume Forecast by Application
13.4.1. Auto Industry
13.4.2. Household Appliance Industry
13.4.3. Computer Industry
13.4.4. Electronic Toys
13.4.5. Electroacoustic Product
13.4.6. Military Application
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnetic Particle Market Size and Volume Forecast by Type
13.7.1. Ferrites
13.7.2. Neodymium(NdFeB)
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 Magnetic Particle Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Magnetic Particle Market: Market Share Analysis
14.2. Magnetic Particle Distributors and Customers
14.3. Magnetic Particle Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. MQI
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Aichi Steel
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zhao Ri Ke
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Galaxy Magnets
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Yuhong
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Huiling
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Western Magnet
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. San Huan
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hoosier 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. Todakogyo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. HIMAG
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. DMEGC Magnetics
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zhejiang Ante
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Maanshan CY
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. BGRIMM Magnetic
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Shunde Baling
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. MGC
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Comc Technology
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
