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Magnetic Materials Market, By Product Type, By Application, By Geography

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Magnetic Materials Market-IMG1

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KSA 24.11.21

Magnetic materials market is estimated to be valued at USD 31.41 Bn in 2024 and is expected to reach USD 45.61 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

Report Coverage Report Details
Base Year: 2023 Market Size in 2024: US$ 31.41 Bn
Historical Data for: 2019 to 2023 Forecast Period: 2024 to 2031
Forecast Period 2024 to 2031 CAGR: 5.50% 2031 Value Projection: US$ 45.61 Bn
Figure. Magnetic Materials Market Share (%), By Region 2024
Magnetic Materials Market - IMG1

Magnetic materials are substances that can be magnetized and are widely used across many industries. Magnetism arises due to the motion of electric charges within the material. When these charged particles align in the presence of a magnetic field, it results in the material becoming magnetized. Magnetic materials find applications where control or redirection of electric currents or magnetic fields are required. Magnetic materials are used in motors, generators, transformers, inductors, and various other electro-magnetic systems. Advances in nanotechnology have enabled the development of improved magnetic materials with uniquely enhanced properties. Global magnetic materials market growth is driven by rising demand from various end-use industries.

Market Dynamics-

Global magnetic materials market growth is driven by factors such as growth of electronics sector, increasing demand for energy-efficient systems, and advancements in nanotechnology. Rising demand for improved magnetic components from industries such as automotive, consumer electronics and industrial motors can drive the market growth. However, high costs of production and volatility in raw material prices poses major challenges. Increasing focus on development of more efficient magnets using rare-earth elements presents an opportunity for manufacturers to develop highly specialized alloys. Initiatives to reduce reliance on rare-earth imports through strategic partnerships can offer growth opportunities. Expanding electric vehicle industry is another major growth driver as motors, batteries and charging infrastructure employ magnetic materials extensively. The renewable energy generation from solar and wind is witnessing strong growth worldwide creating demand for associated equipment utilizing magnetic materials. Industrial automation through robotics, 3D printing and automation solutions also spurs the need for magnetic materials in motors and sensors.

Key Features of the Study

This report provides in-depth analysis of the global magnetic materials market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

Key players covered as a part of this study include AK Steel Holding Corporation, Arnold Magnetic Technologies, Electron Energy Corporation, Hitachi Metals, Ltd., Lynas Corporation Ltd., Molycorp Inc., OM Group, Shin-Etsu Chemicals Co., Ltd., Tengam Engineering Inc., TDK Corporation, Daido Steel Co. Ltd

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global magnetic materials market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global magnetic materials market

Market Segmentation

  • Product Type Insights (Revenue, USD, 2019 - 2031)
    • Soft Magnetic Materials
    • Permanent Magnetic Materials
    • Semi-Hard Magnetic Materials
  • Application Insights (Revenue, USD, 2019 - 2031)
    • Automotive & Transportation
    • Electronics
    • Energy
    • Others
  • Regional Insights (Revenue, USD, 2019 - 2031)
    • North America
    • U.S.
    • Canada
    • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
    • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
    • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
    • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
    • Africa
    • South Africa
    • North Africa
    • Central Africa
  • Key Players Insights
    • AK Steel Holding Corporation
    • Arnold Magnetic Technologies
    • Electron Energy Corporation
    • Hitachi Metals, Ltd.
    • Lynas Corporation Ltd.
    • Molycorp Inc.
    • OM Group
    • Shin-Etsu Chemicals Co., Ltd.
    • Tengam Engineering Inc.
    • TDK Corporation
    • Daido Steel Co. Ltd

Table of Contents

1. Research Objectives and Assumptions

  • Research Objectives
  • Assumptions
  • Abbreviations

2. Market Purview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet, By Product Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restraints
    • PEST Analysis
    • PORTER's Five Forces Analysis
    • Market Opportunities
    • Regulatory Scenario
    • Key Developments
    • Industry Trend

4. Global Magnetic Materials Market - Impact of Coronavirus (COVID-19) Pandemic

  • Overview
  • Factors Affecting the Global Magnetic Materials Market - COVID-19
  • Impact Analysis

5. Global Magnetic Materials Market, By Product Type, 2019-2031, (USD Bn)

  • Introduction
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Soft Magnetic Materials
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Permanent Magnetic Materials
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Semi-Hard Magnetic Materials
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends

6. Global Magnetic Materials Market, By Application, 2019-2031, (USD Bn)

  • Introduction
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Automotive & Transportation
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Electronics
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Energy
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends
  • Others
    • Market Share Analysis, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, 2020 - 2031
    • Segment Trends

7. Global Magnetic Materials Market, By Region, 2019-2031, (USD Bn)

  • Introduction
    • Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
    • Y-o-Y Growth Analysis, For Region, 2020 - 2031
  • North America
    • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Country, 2020 - 2031
    • Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
      • U.S.
      • Canada
  • Latin America
    • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Country, 2020 - 2031
    • Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
  • Europe
    • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Country, 2020 - 2031
    • Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
      • U.K.
      • Germany
      • Italy
      • France
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Country, 2020 - 2031
    • Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • South Korea
      • Rest of Asia Pacific
  • Middle East
    • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Country, 2020 - 2031
    • Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
      • GCC Countries
      • Israel
      • Rest of Middle East
  • Africa
    • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
    • Y-o-Y Growth Analysis, For Country, 2020 - 2031
    • Market Size and Forecast, By Product Type, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
    • Market Size and Forecast, By Country/Region, 2019- 2031, (USD Bn)
      • South Africa
      • North Africa
      • Central Africa

8. Competitive Landscape

  • Heat Map Analysis
  • Market Share Analysis (3x3 Matrix)
  • Company Profiles
    • AK Steel Holding Corporation
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Arnold Magnetic Technologies
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Electron Energy Corporation
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Hitachi Metals, Ltd.
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Lynas Corporation Ltd.
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Molycorp Inc.
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • OM Group
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Shin-Etsu Chemicals Co., Ltd.
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Tengam Engineering Inc.
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • TDK Corporation
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates
    • Daido Steel Co. Ltd
      • Company Overview
      • Product Type Portfolio
      • Recent Developments/Updates

9. Analyst Recommendation

  • Wheel of Fortune
  • Analyst View
  • Coherent Opportunity Map

10. Section

  • References
  • Research Methodology
  • About Us and Sales Contact
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