Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Permanent Magnet Material Market by Type (Ferrite, NdFeb, SmCo, Alnico), By Application (Aerospace & Defense, Automotive, Consumer Electronics, Energy, Industrial, Medical, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Permanent Magnet Material Market by Type (Ferrite, NdFeb, SmCo, Alnico), By Application (Aerospace & Defense, Automotive, Consumer Electronics, Energy, Industrial, Medical, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 130462 3300 Chemical & Material 377 246 Pages 4.6 (35)

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 .

Global Permanent Magnet Material Industry Outlook

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 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 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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. Hitachi Metals, Ltd.
  2. Daido Steel Co., Ltd.
  3. TDK Corporation
  4. Shin-ETSU Chemical Co., Ltd.
  5. Arnold Magnetic Technologies
  6. Lynas Corporation Ltd.
  7. Electron Energy Corporation
  8. Tengam Engineering, Inc.
  9. Adams Magnetic Products Co., Inc.
  10. Bunting Magnetics Co.
  11. Yantai Shougang Magnetic Materials Inc.
  12. Galaxy Magnets

Global Permanent Magnet Material Market Overview

Highlights of The Permanent Magnet Material Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Ferrite
    2. NdFeb
    3. SmCo
    4. Alnico
  1. By Application:

    1. Aerospace & Defense
    2. Automotive
    3. Consumer Electronics
    4. Energy
    5. Industrial
    6. Medical
    7. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

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

Global Permanent Magnet Material Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available
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. Overview Financials Developments Strategic Outlook
      14.4.2. Daido Steel Co., Ltd. Overview Financials Developments Strategic Outlook
      14.4.3. TDK Corporation Overview Financials Developments Strategic Outlook
      14.4.4. Shin-ETSU Chemical Co., Ltd. Overview Financials Developments Strategic Outlook
      14.4.5. Arnold Magnetic Technologies Overview Financials Developments Strategic Outlook
      14.4.6. Lynas Corporation Ltd. Overview Financials Developments Strategic Outlook
      14.4.7. Electron Energy Corporation Overview Financials Developments Strategic Outlook
      14.4.8. Tengam Engineering, Inc. Overview Financials Developments Strategic Outlook
      14.4.9. Adams Magnetic Products Co., Inc. Overview Financials Developments Strategic Outlook
      14.4.10. Bunting Magnetics Co. Overview Financials Developments Strategic Outlook
      14.4.11. Yantai Shougang Magnetic Materials Inc. Overview Financials Developments Strategic Outlook
      14.4.12. Galaxy Magnets Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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