Global Magnetic Materials Market Growth 2023-2029

Global Magnetic Materials Market Growth 2023-2029

Magnetic material, the magnetic material that says normally is to point to strong magnetic material, it is ancient and the functional material with very extensive use.Over the next eight years, we expect global revenue to grow at a compound annual rate of 9 per cent.China is the world's largest exporter and manufacturer of magnetic materials, while Japan was the second largest market for magnetic materials in 2018.In the industry, the consumer electronics industry has the largest revenue in recent years in 2018, while the communication industry and the computer industry rank the 2nd and 3rd respectively, with market share of 26%, 23% and 22% respectively in 2018. Due to different strategies, the market share gap keeps widening.At present, there are two types of magnetic materials: soft magnetic materials and permanent magnetic materials.Soft magnetic materials are the main type of magnetic materials. In 2018, the output of soft magnetic materials was about 250,000 tons, accounting for 64 percent of the global share.Magnetic material technology has been relatively mature, new enterprises in the short term can not surpass the reputation and design of the existing well-known brands.The team therefore recommends that new entrants be carefully considered before entering the field.As emerging market application development, such as automotive electronics, LEDTV, LED lighting, EMC, 4 c (computer, communications, radio and television, content service) and 4 g, 5 g communications, smart grid, the Internet of things, such as new energy vehicles in the development of emerging markets, will provide more development for the development of Chinese magnetic material industry new opportunities.Magnetic materials also face two major development opportunities: one is the opportunity for environmental protection and energy conservation, the other is the opportunity brought by the international industrial transfer.With the development of China's environmental protection and the implementation of the national strategy of building a conservation-oriented society soft magnetic ferrite is facing a great historical opportunity.On the one hand, magnetic materials have been applied more fully in recent years under the guidance of energy-saving and environmental protection concepts.On the other hand, magnetic materials industry is a high energy consumption and labor-intensive industry. With the increase of energy shortage and labor cost, foreign magnetic materials production is gradually transferred from developed countries to developing countries. Foreign manufacturers have set up factories in China or cooperated with domestic manufacturers to carry out industrial transfer.China's domestic magnetic material manufacturers continue to grow, China has become a major producer of magnetic materials.
LPI (LP Information)' newest research report, the “Magnetic Materials Industry Forecast” looks at past sales and reviews total world Magnetic Materials sales in 2022, providing a comprehensive analysis by region and market sector of projected Magnetic Materials sales for 2023 through 2029. With Magnetic Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Magnetic Materials industry.
This Insight Report provides a comprehensive analysis of the global Magnetic Materials landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Magnetic Materials portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Magnetic Materials market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Magnetic Materials and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Magnetic Materials.
The global Magnetic Materials market size is projected to grow from US$ 7092.7 million in 2022 to US$ 13510 million in 2029; it is expected to grow at a CAGR of 13510 from 2023 to 2029.
Global Magnetic Materials key players include DMEGC, LINGYI iTECH (GUANGDONG) COMPANY, Hitachi Metals, Ltd., TDG HOLDING CO., LTD, etc. Global top four manufacturers hold a share about 65%.
China is the largest market, with a share over 70%, followed by Japan, and North America, both have a share over 15 percent.
In terms of product, Permanent Magnetic Material is the largest segment, with a share about 65%. And in terms of application, the largest application is Consumer, followed by Communications, Computer, Automotive, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Magnetic Materials market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Soft Magnetic Material
Permanent Magnetic Material
Segmentation by application
Automotive
Computer
Communications
Consumer
Other Industries
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Hitachi Metals, Ltd.
TDK
Ningbo Keningda Industry Co., Ltd.
DMEGC
LINGYI iTECH (GUANGDONG) COMPANY
Ningbo Yunsheng
Anhui Antai Technology Co., LTD
Shin-Etsu Chemical Co., Ltd.
Zhenghai Group Co., Ltd.
Innuovo
VAC
Arnold Magnetic
Galaxy Magnets
TDG HOLDING CO., LTD
Key Questions Addressed in this Report
What is the 10-year outlook for the global Magnetic Materials market?
What factors are driving Magnetic Materials market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Magnetic Materials market opportunities vary by end market size?
How does Magnetic Materials break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.