Global Magnetic Materials Market Growth 2025-2031

The global Magnetic Materials market size is predicted to grow from US$ 8462 million in 2025 to US$ 14700 million in 2031; it is expected to grow at a CAGR of 9.6% from 2025 to 2031.

Magnetic materials can be divided into soft magnetic materials and hard magnetic materials according to the difficulty of demagnetization after magnetization. Materials that are easy to demagnetize after magnetization are called soft magnetic materials, and materials that are not easy to demagnetize are called hard magnetic materials. Magnetic materials are composed of ferromagnetic materials or ferrimagnetic materials. Under the action of an external magnetic field H, there must be a corresponding magnetization intensity M or magnetic induction intensity B. The curves of their changes with the magnetic field intensity H are called magnetization curves (MH or BH curves).

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.

Magnetic materials are key new materials and high-tech products, and have long been strongly supported by national industrial policies. For example, the "Guidelines for Industrial Structure Adjustment" issued by the National Development and Reform Commission encourages the application of rare earth permanent magnet materials in fields such as wind turbines, while the "Work Plan for Digital Transformation of Raw Materials Industry" issued by the Ministry of Industry and Information Technology and other nine departments has also promoted the digital transformation of the magnetic materials industry and the innovation of cutting-edge materials.

Growth of market demand

With the rapid development of emerging terminal markets such as new energy vehicles, wind power generation, robots, aerospace, and rail transportation, the demand for magnetic materials is also increasing. In particular, the rapid growth of the new energy vehicle market has effectively promoted the market demand for high-performance rare earth permanent magnet materials.

Technological progress and talent support

In the field of magnetic material research, China has made great progress, and the number of related patent applications has increased significantly. At the same time, with the continuous advancement of industry technology and the cultivation of high-end technical talents, it provides good technical support and talent guarantee for the development of the magnetic materials industry.

Environmental protection needs

With the improvement of global awareness of environmental protection, the demand for green industries and energy-saving products is becoming increasingly urgent. As an important functional material, magnetic materials play an important role in the conversion of electrical energy and kinetic energy, signal transmission, etc., which helps to promote energy conservation and emission reduction and sustainable development.

LP Information, Inc. (LPI) ' newest research report, the “Magnetic Materials Industry Forecast” looks at past sales and reviews total world Magnetic Materials sales in 2024, providing a comprehensive analysis by region and market sector of projected Magnetic Materials sales for 2025 through 2031. 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.

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.

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 analysing 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
Proterial, Ltd.
Yunlu Advanced Materials Technology
POCO 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 by Type, by Application?

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