Market Overview:
The global permanent magnet material 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 magnets in various applications, such as aerospace & defense, automotive, consumer electronics, energy, industrial and medical applications. In addition, the growing demand for electric vehicles is also contributing to the growth of this market. However, fluctuations in prices of raw materials used in manufacturing permanent magnets may restrain the growth of this market during the forecast period. Based on type, the global permanent magnet material market can be segmented into ferrite magnets (including ceramic and bonded), neodymium-iron-boron (NdFeB) magnets (including sintered and bonded), samarium cobalt (SmCo) magnets and alnico magnets. NdFeB Magnets are expected to witness highest growth during the forecast period due to their high strength and durability as compared with other types of magnetic materials available in the market. Based on application,the global Permanent Magnet Material Market can be segmented into aerospace & defense; automotive; consumer electronics; energy; industrial ; medical ;and others .
Product Definition:
A permanent magnet material is a type of magnet that retains its magnetic properties over an extended period of time. These materials are used in a wide variety of applications, including electric motors, generators, and other electrical devices. The importance of permanent magnet materials lies in their ability to create strong magnetic fields that can be used to power various devices.
Ferrite:
Ferrite is a type of iron oxide, which has the ability to transform magnetic flux when it comes in contact with an electric current. The product finds application in transformer cores and magnetic wire. It can also be used as a substitute for real estate property tax by states across the globe.
The global ferrite market size was valued at USD 1,849 million in 2016.
NdFeb:
NdFeB is a ferromagnetic metal, which has the highest Curie temperature of any material. It also has an excellent magnetic property with no energy loss during its transformation from relaxor to magnetism. The NdFeB permanent magnet material market is expected to witness significant growth over the forecast period owing to its increasing demand in electric motors and hard disk drives.
Application Insights:
The aerospace and defense application segment led the market in 2017. The growth of this segment is attributed to increasing investments for developing commercial and military aircraft, helicopters, missiles, space vehicles and defense systems. The permanent magnet materials are used in various components of these systems owing to their ability to generate high magnetic fields with low power consumption as compared to other technologies.
The automotive sector is also expected to witness significant growth over the forecast period due largelyto growing demand for electric vehicles across the globe. With rising environmental concerns regarding greenhouse gas emissions from automobiles, governments are taking measures such as offering subsidies for consumers desiring electric cars along with tax incentives on installing charging stations at homes or workplaces.
Regional Analysis:
North America dominated the global permanent magnet material market in 2016. The region is expected to witness a CAGR of XX% during the forecast period. North America has been witnessing increasing demand for electric vehicles, which in turn is anticipated to drive the growth of motors and motors application segment over the next few years.
The U.S., being a leading automobile producer, holds significant importance in this market space and thus it accounts for approximately 80% of total North American demand with an annual average growth rate exceeding 7%. Europe also held a considerable share as compared to other regions due to high product adoption across various end-use industries such as automotive, aerospace & defense, consumer electronics among others.
Growth Factors:
- Increasing demand for electric vehicles
- Growing demand from the renewable energy sector
- Rising awareness about the benefits of using permanent magnet materials
- Technological advancements in the manufacturing of permanent magnet materials
- Growing demand from the electronics industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Permanent Magnet Material Market Research Report
By Type
Ferrite, NdFeb, SmCo, Alnico
By Application
Aerospace & Defense, Automotive, Consumer Electronics, Energy, Industrial, Medical, Others
By Companies
Hitachi Metals, Ltd., Daido Steel Co., Ltd., TDK Corporation, Shin-ETSU Chemical Co., Ltd., Arnold Magnetic Technologies, Lynas Corporation Ltd., Electron Energy Corporation, Tengam Engineering, Inc., Adams Magnetic Products Co., Inc., Bunting Magnetics Co., Yantai Shougang Magnetic Materials Inc., Galaxy Magnets
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Permanent Magnet Material Market Report Segments:
The global Permanent Magnet Material market is segmented on the basis of:
Types
Ferrite, NdFeb, SmCo, Alnico
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
Aerospace & Defense, Automotive, Consumer Electronics, Energy, Industrial, Medical, Others
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, Ltd.
- Daido Steel Co., Ltd.
- TDK Corporation
- Shin-ETSU Chemical Co., Ltd.
- Arnold Magnetic Technologies
- Lynas Corporation Ltd.
- Electron Energy Corporation
- Tengam Engineering, Inc.
- Adams Magnetic Products Co., Inc.
- Bunting Magnetics Co.
- Yantai Shougang Magnetic Materials Inc.
- Galaxy Magnets
Highlights of The Permanent Magnet Material 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:
- Ferrite
- NdFeb
- SmCo
- Alnico
- By Application:
- Aerospace & Defense
- Automotive
- Consumer Electronics
- Energy
- Industrial
- Medical
- Others
- 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 Magnet Material 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.
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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 magnet material is a type of metal that has been treated to make it magnetic. This treatment makes the metal more powerful and efficient when it comes to holding a magnet, which is why permanent magnets are often used in technology like hard drives and speakers.
Some of the key players operating in the permanent magnet material market are Hitachi Metals, Ltd., Daido Steel Co., Ltd., TDK Corporation, Shin-ETSU Chemical Co., Ltd., Arnold Magnetic Technologies, Lynas Corporation Ltd., Electron Energy Corporation, Tengam Engineering, Inc., Adams Magnetic Products Co., Inc., Bunting Magnetics Co., Yantai Shougang Magnetic Materials Inc., Galaxy Magnets.
The permanent magnet material market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Permanent Magnet Material 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. Permanent Magnet Material Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Permanent Magnet Material Market - Supply Chain
4.5. Global Permanent Magnet Material Market Forecast
4.5.1. Permanent Magnet Material Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Permanent Magnet Material Market Size (000 Units) and Y-o-Y Growth
4.5.3. Permanent Magnet Material Market Absolute $ Opportunity
5. Global Permanent Magnet Material 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. Permanent Magnet Material Market Size and Volume Forecast by Type
5.3.1. Ferrite
5.3.2. NdFeb
5.3.3. SmCo
5.3.4. Alnico
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Permanent Magnet Material 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. Permanent Magnet Material Market Size and Volume Forecast by Application
6.3.1. Aerospace & Defense
6.3.2. Automotive
6.3.3. Consumer Electronics
6.3.4. Energy
6.3.5. Industrial
6.3.6. Medical
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Permanent Magnet Material 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. Permanent Magnet Material 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 Permanent Magnet Material 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. Permanent Magnet Material 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 Permanent Magnet Material Demand Share Forecast, 2019-2029
9. North America Permanent Magnet Material 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 Permanent Magnet Material 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 Permanent Magnet Material Market Size and Volume Forecast by Application
9.4.1. Aerospace & Defense
9.4.2. Automotive
9.4.3. Consumer Electronics
9.4.4. Energy
9.4.5. Industrial
9.4.6. Medical
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Permanent Magnet Material Market Size and Volume Forecast by Type
9.7.1. Ferrite
9.7.2. NdFeb
9.7.3. SmCo
9.7.4. Alnico
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 Permanent Magnet Material Demand Share Forecast, 2019-2029
10. Latin America Permanent Magnet Material 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 Permanent Magnet Material 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 Permanent Magnet Material Market Size and Volume Forecast by Application
10.4.1. Aerospace & Defense
10.4.2. Automotive
10.4.3. Consumer Electronics
10.4.4. Energy
10.4.5. Industrial
10.4.6. Medical
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Permanent Magnet Material Market Size and Volume Forecast by Type
10.7.1. Ferrite
10.7.2. NdFeb
10.7.3. SmCo
10.7.4. Alnico
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 Permanent Magnet Material Demand Share Forecast, 2019-2029
11. Europe Permanent Magnet Material 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 Permanent Magnet Material 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 Permanent Magnet Material Market Size and Volume Forecast by Application
11.4.1. Aerospace & Defense
11.4.2. Automotive
11.4.3. Consumer Electronics
11.4.4. Energy
11.4.5. Industrial
11.4.6. Medical
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Permanent Magnet Material Market Size and Volume Forecast by Type
11.7.1. Ferrite
11.7.2. NdFeb
11.7.3. SmCo
11.7.4. Alnico
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 Permanent Magnet Material Demand Share, 2019-2029
12. Asia Pacific Permanent Magnet Material 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 Permanent Magnet Material 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 Permanent Magnet Material Market Size and Volume Forecast by Application
12.4.1. Aerospace & Defense
12.4.2. Automotive
12.4.3. Consumer Electronics
12.4.4. Energy
12.4.5. Industrial
12.4.6. Medical
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Permanent Magnet Material Market Size and Volume Forecast by Type
12.7.1. Ferrite
12.7.2. NdFeb
12.7.3. SmCo
12.7.4. Alnico
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 Permanent Magnet Material Demand Share, 2019-2029
13. Middle East & Africa Permanent Magnet Material 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 Permanent Magnet Material 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 Permanent Magnet Material Market Size and Volume Forecast by Application
13.4.1. Aerospace & Defense
13.4.2. Automotive
13.4.3. Consumer Electronics
13.4.4. Energy
13.4.5. Industrial
13.4.6. Medical
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Permanent Magnet Material Market Size and Volume Forecast by Type
13.7.1. Ferrite
13.7.2. NdFeb
13.7.3. SmCo
13.7.4. Alnico
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 Permanent Magnet Material Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Permanent Magnet Material Market: Market Share Analysis
14.2. Permanent Magnet Material Distributors and Customers
14.3. Permanent Magnet Material Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hitachi Metals, Ltd.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Daido Steel Co., Ltd.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TDK Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shin-ETSU Chemical Co., Ltd.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Arnold Magnetic Technologies
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lynas Corporation Ltd.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Electron Energy Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tengam Engineering, Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Adams Magnetic Products Co., Inc.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bunting Magnetics Co.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Yantai Shougang Magnetic Materials Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Galaxy Magnets
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
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
