Magnetic Materials Market, By Product Type (Soft Magnetic Materials, Permanent Magnetic Materials, Semi-Hard Magnetic Materials), By Application (Automotive & Transportation, Electronics, Energy, Others), By Geography (North America, Latin America, Asia P
Magnetic Materials Market, By Product Type (Soft Magnetic Materials, Permanent Magnetic Materials, Semi-Hard Magnetic Materials), By Application (Automotive & Transportation, Electronics, Energy, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
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
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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