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.
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
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:
Types
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.
Applications
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:
- VACUUMSCHMELZE
- MMC
- Stanford Magnets
- Hitachi-Metals
- Yunsheng
- Earth Panda
- Shougang
- Zhenghai
- Zhongbei
- Sanhuan
- Baotou Gangtie
- Thinova
- Antai
Highlights of The Permanent Magnetic 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:
- Alloy Permanent Magnetic Material
- Ferrite Permanent Magnetic Material
- By Application:
- Aerospace & Defense
- Medical
- Electronics
- Instrument
- 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 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
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 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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. MMC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Stanford Magnets
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hitachi-Metals
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Yunsheng
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Earth Panda
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shougang
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zhenghai
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Zhongbei
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sanhuan
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Baotou Gangtie
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Thinova
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Antai
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
