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

Global Permanent Magnetic Material Market by Type (Alloy Permanent Magnetic Material, Ferrite Permanent Magnetic Material), By Application (Aerospace & Defense, Medical, Electronics, Instrument, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 130530 3300 Chemical & Material 377 230 Pages 4.6 (42)

Market Overview:

The global permanent magnetic material 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 permanent magnets in various applications such as aerospace & defense, medical, electronics, instrumentation, and others. In terms of type, alloy permanent magnetic material is expected to hold the largest share of the global permanent magnetic material market during the forecast period. This can be attributed to its high strength and durability as compared to other types of materials available in the market.

Global Permanent Magnetic Material Industry Outlook

Product Definition:

Permanent Magnetic Material is a material that can be magnetized and will hold its magnetization indefinitely. These materials are often used in motors, generators, magnetic separators, and loudspeakers.

Alloy Permanent Magnetic Material:

Alloy permanent magnetic material is a combination of two or more magnets, where at least one of the magnets is Neodymium-iron-boron (NdFeB) or Samarium cobalt (SmCo). The alloy can be used in applications such as hard drives, computer memory, and electric motors. NdFeB has low Curie temperature which makes it suitable for use in electric motor and computer memory application.

Ferrite Permanent Magnetic Material:

Ferrite permanent magnetic material is a group of iron-based alloy which has high saturation flux density and Curie temperature. It can be used as an alternative to rare earth magnets in applications where high permeability, low hysteresis energy loss, and large fields are required. Ferrite permanent magnetic materials have been gaining importance in recent years owing to their ability to provide higher saturation flux densities at lower cost when compared with rare earth magnets.

Application Insights:

The aerospace and defense application segment led the market in 2017. The segment is likely to witness significant growth over the forecast period on account of increasing demand for advanced permanent magnetic materials in aircraft engines, which are used for cutting-edge technologies. In addition, growing concerns regarding aircraft weight and cost efficiency are expected to drive the product demand over the next seven years.

The electronics application segment is also anticipated to witness considerable growth over the forecast period owing to rising consumer preference for advanced technology products with enhanced performance and features. Growing use of electronic devices such as smartphones, laptops, tablets among other similar products that utilize permanent magnets is projected to boost industry expansion over the coming years.

In addition, instrumentation sector accounted for a share of 9% in terms of volume in 2017 on account of high product utilization across various industries including automotive & transportation along with its growing applications such as electric motors along with sensors utilized in medical equipment will further propel industry expansion during future periods.

Regional Analysis:

Asia Pacific is expected to be the fastest-growing regional market at a 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 has witnessed significant growth in automobile production over the past few years which is likely to have a positive impact on the magnetic material demand.

The European permanent magnet industry was dominated by Germany that accounted for more than 25% of total consumption in 2016 followed by France and Italy respectively. However, UK Permanent Magnetics Ltd.

Growth Factors:

  • Increasing demand for electric vehicles
  • Growing demand from the renewable energy sector
  • Rising demand from the electronics industry
  • Increasing use in medical devices and implants
  • Growing popularity of magnetic resonance imaging (MRI)

Scope Of The Report

Report Attributes

Report Details

Report Title

Permanent Magnetic Material Market Research Report

By Type

Alloy Permanent Magnetic Material, Ferrite Permanent Magnetic Material

By Application

Aerospace & Defense, Medical, Electronics, Instrument, Others

By Companies

VACUUMSCHMELZE, MMC, Stanford Magnets, Hitachi-Metals, Yunsheng, Earth Panda, Shougang, Zhenghai, Zhongbei, Sanhuan, Baotou Gangtie, Thinova, Antai

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 Magnetic Material Market Report Segments:

The global Permanent Magnetic Material market is segmented on the basis of:


Alloy Permanent Magnetic Material, Ferrite Permanent Magnetic 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.


Aerospace & Defense, Medical, Electronics, Instrument, 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:

  2. MMC
  3. Stanford Magnets
  4. Hitachi-Metals
  5. Yunsheng
  6. Earth Panda
  7. Shougang
  8. Zhenghai
  9. Zhongbei
  10. Sanhuan
  11. Baotou Gangtie
  12. Thinova
  13. Antai

Global Permanent Magnetic Material Market Overview

Highlights of The Permanent Magnetic 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. Alloy Permanent Magnetic Material
    2. Ferrite Permanent Magnetic Material
  1. By Application:

    1. Aerospace & Defense
    2. Medical
    3. Electronics
    4. Instrument
    5. 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 Magnetic 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 Magnetic 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

Frequently Asked Questions?

Permanent Magnetic Material is a material that retains its magnetism after being removed from the magnetic field.

Some of the key players operating in the permanent magnetic material market are VACUUMSCHMELZE, MMC, Stanford Magnets, Hitachi-Metals, Yunsheng, Earth Panda, Shougang, Zhenghai, Zhongbei, Sanhuan, Baotou Gangtie, Thinova, Antai.

The permanent magnetic material market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Permanent Magnetic 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 Magnetic 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 Magnetic Material Market - Supply Chain
   4.5. Global Permanent Magnetic Material Market Forecast
      4.5.1. Permanent Magnetic Material Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Permanent Magnetic Material Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Permanent Magnetic Material Market Absolute $ Opportunity

5. Global Permanent Magnetic 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 Magnetic Material Market Size and Volume Forecast by Type
      5.3.1. Alloy Permanent Magnetic Material
      5.3.2. Ferrite Permanent Magnetic Material
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Permanent Magnetic 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 Magnetic Material Market Size and Volume Forecast by Application
      6.3.1. Aerospace & Defense
      6.3.2. Medical
      6.3.3. Electronics
      6.3.4. Instrument
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Permanent Magnetic 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 Magnetic 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 Magnetic 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 Magnetic 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 Magnetic Material Demand Share Forecast, 2019-2029

9. North America Permanent Magnetic 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 Magnetic 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 Magnetic Material Market Size and Volume Forecast by Application
      9.4.1. Aerospace & Defense
      9.4.2. Medical
      9.4.3. Electronics
      9.4.4. Instrument
      9.4.5. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Permanent Magnetic Material Market Size and Volume Forecast by Type
      9.7.1. Alloy Permanent Magnetic Material
      9.7.2. Ferrite Permanent Magnetic 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 Permanent Magnetic Material Demand Share Forecast, 2019-2029

10. Latin America Permanent Magnetic 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 Magnetic 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 Magnetic Material Market Size and Volume Forecast by Application
      10.4.1. Aerospace & Defense
      10.4.2. Medical
      10.4.3. Electronics
      10.4.4. Instrument
      10.4.5. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Permanent Magnetic Material Market Size and Volume Forecast by Type
      10.7.1. Alloy Permanent Magnetic Material
      10.7.2. Ferrite Permanent Magnetic 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 Permanent Magnetic Material Demand Share Forecast, 2019-2029

11. Europe Permanent Magnetic 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 Magnetic 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 Magnetic Material Market Size and Volume Forecast by Application
      11.4.1. Aerospace & Defense
      11.4.2. Medical
      11.4.3. Electronics
      11.4.4. Instrument
      11.4.5. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Permanent Magnetic Material Market Size and Volume Forecast by Type
      11.7.1. Alloy Permanent Magnetic Materil
      11.7.2. Ferrite Permanent Magnetic 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 Permanent Magnetic Material Demand Share, 2019-2029

12. Asia Pacific Permanent Magnetic 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 Magnetic 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 Magnetic Material Market Size and Volume Forecast by Application
      12.4.1. Aerospace & Defense
      12.4.2. Medical
      12.4.3. Electronics
      12.4.4. Instrument
      12.4.5. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Permanent Magnetic Material Market Size and Volume Forecast by Type
      12.7.1. Alloy Permanent Magnetic Material
      12.7.2. Ferrite Permanent Magnetic 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 Permanent Magnetic Material Demand Share, 2019-2029

13. Middle East & Africa Permanent Magnetic 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 Magnetic 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 Magnetic Material Market Size and Volume Forecast by Application
      13.4.1. Aerospace & Defense
      13.4.2. Medical
      13.4.3. Electronics
      13.4.4. Instrument
      13.4.5. 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 Magnetic Material Market Size and Volume Forecast by Type
      13.7.1. Alloy Permanent Magnetic Material
      13.7.2. Ferrite Permanent Magnetic 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 Permanent Magnetic Material Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Permanent Magnetic Material Market: Market Share Analysis
   14.2. Permanent Magnetic Material Distributors and Customers
   14.3. Permanent Magnetic Material Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. VACUUMSCHMELZE Overview Financials Developments Strategic Outlook
      14.4.2. MMC Overview Financials Developments Strategic Outlook
      14.4.3. Stanford Magnets Overview Financials Developments Strategic Outlook
      14.4.4. Hitachi-Metals Overview Financials Developments Strategic Outlook
      14.4.5. Yunsheng Overview Financials Developments Strategic Outlook
      14.4.6. Earth Panda Overview Financials Developments Strategic Outlook
      14.4.7. Shougang Overview Financials Developments Strategic Outlook
      14.4.8. Zhenghai Overview Financials Developments Strategic Outlook
      14.4.9. Zhongbei Overview Financials Developments Strategic Outlook
      14.4.10. Sanhuan Overview Financials Developments Strategic Outlook
      14.4.11. Baotou Gangtie Overview Financials Developments Strategic Outlook
      14.4.12. Thinova Overview Financials Developments Strategic Outlook
      14.4.13. Antai 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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