Global Magnet Market Analysis by Type (Ferrite, Neodymium Iron Boron, Aluminium Nickel Cobalt, Aluminium Nickel Cobalt) By End Use (Electronics, Automotive, Medical, Energy, Industrial, and others) and By Region- Forecast to 2030

Magnet Market Research Report Information by Type (Ferrite, Neodymium Iron Boron, Aluminium Nickel Cobalt, Aluminium Nickel Cobalt) By End Use (Electronics, Automotive, Medical, Energy, Industrial, and others) and By Region -Global Forecast to 2030


The Magnet industry is projected to grow from USD 9,737.5 million in 2023 to USD 17,695.6 million by 2030, exhibiting a compound annual growth rate (CAGR) of 8.91% during the forecast period (2023 - 2030). The demand for magnetic products spans a wide spectrum, reflecting their versatile applications across industries. Permanent magnets, such as neodymium magnets and ferrite magnets, are sought after in consumer electronics for their role in miniaturized speakers and electric motors. In the automotive sector, magnets power electric vehicle drivetrains and contribute to energy efficiency, fostering their growing demand. Electromagnets, on the other hand, are crucial in applications like MRI machines in the healthcare sector, where their powerful magnetic fields enable non-invasive diagnostics. Magnetic materials used in data storage devices are experiencing renewed interest due to the ever-increasing need for high-capacity data storage solutions.

Furthermore, the global transition to electric vehicles has far-reaching ramifications for the automotive sector and, by extension, the magnet business. Magnets play an important role in the propulsion systems of electric vehicles, particularly electric motors. Recent instances, such as Tesla's electric motor advancements, have had a major influence. These inventions use high-performance magnets to deliver amazing acceleration and economy, setting new records in the automotive industry. As the EV sector grows, the magnet market evolves to meet the increased demand for these vehicles.

The link between these market dynamics is clear. The demand for compact, powerful magnets crosses industry borders, prompting manufacturers to expand their product offers and investigate alternate magnet materials. This approach encourages innovation while emphasizing environmentally friendly solutions and supply chain resilience to ensure responsible and sustainable operations.

Magnets are more than just components; they are the driving force behind the efficient operation of cutting-edge technologies. This dynamic synergy between consumer behaviors, technological progress, and the magnetic materials industry emphasizes magnets' critical role in fuelling digital-age breakthroughs. The increasing demand for consumer electronics is more than simply a trend; it is the driving force behind the growing demand for powerful, small, and multifunctional magnets. As we embrace the revolutionary wave of the digital age, magnets remain crucial enablers of modern businesses, driving advancements across the consumer electronics sector.

Market Segmentation
The Magnet Market is classified into four types: ferrite, neodymium iron boron, aluminum nickel cobalt, and samarium cobalt.
The Magnet Market is divided into several end-use categories, including electronics, automotive, medical, energy, and industrial.

Regional Insights
The Magnet market is divided into five regions: North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The Asia-Pacific Magnet market had the largest market share and is predicted to account for a sizable revenue share over the forecast period. Because of its status as a worldwide manufacturing hub, Asia-Pacific has emerged as a dominant participant in the Magnet Market. The region is a manufacturing powerhouse, producing a wide range of magnet-intensive items on a constant basis. Magnets are used in a wide range of manufacturing processes, including consumer electronics and automobile components. The region's massive production across several sectors generates significant demand for magnets, cementing its market leadership.

Key Players
The major players in the Magnet Market are PROTERIAL, Ltd., TDK Corporation, Shin-Etsu Chemical Co., Ltd and Adams Magnetic Products Co.


1 Executive Summary
1.1 Market Attractiveness Analysis
1.1.1 Global Magnet Market, By Type
1.1.2 Global Magnet Market, By End Use
1.1.3 Global Magnet Market, By Region
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Market Structure
2.4 Key Implementation Criteria
3 Research Methodology
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Rising Demand For Consumer Electronics
4.2.2 Growing Demand For Magnet Solutions In The Renewable Energy Sector
4.3 Restraints
4.3.1 Recycling And Sustainability Challenges
4.4 Opportunities
4.4.1 High Demand For Hybrid And Electric Vehicles
5 Market Factor Analysis
5.1 Supply/Value Chain Analysis
5.2 Porter Five Forces
5.2.1 Threat Of New Entrants
5.2.2 Bargaining Power Of Suppliers
5.2.3 Bargaining Power Of Buyers
5.2.4 Threat Of Substitutes:
5.2.5 Competitive Rivalry
5.3 Impact Of Coronavirus Outbreak On The Global Magnet Market
5.3.1 Overview Of Supply And Demand Scenario
5.3.2 Impact Of Covid-19 On Supply Chain Analysis
6 Global Magnet Market, By Type
6.1 Introduction
6.2 Ferrite
6.3 Neodymium Iron Boron
6.4 Aluminium Nickel Cobalt
6.5 Samarium Cobalt
7 Global Magnet Market, By End Use
7.1 Introduction
7.2 Electronics
7.3 Automotive
7.4 Medical
7.5 Energy
7.6 Industrials
7.7 Other
8 Global Magnet Market, By Region
9.1 Overview
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.3.7 Rest Of Europe
9.4 Asia-pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Rest Of Apac
9.5 Mea (Middle East And Africa)
9.5.1 Gcc
9.5.2 South Africa
9.5.3 Romea
9.6 Latin America
9.6.1 Brazil
9.6.2 Mexico
9.6.3 Argentina
9.6.4 Rola (Rest Of Latin America)
10 Competitive Landscape
10.1 Market Share Analysis
10.2 Competitive Benchmarking
11 Company Profiles
11.1 Tdk Corporation
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Types And Services
11.1.4 Swot Analysis
11.1.5 Key Strategies
11.2 Proterial, Ltd
11.2.1 Company Overview
11.2.2 Financial Overview
11.2.3 Types And Services
11.2.4 Swot Analysis
11.2.5 Key Strategies
11.3 Shin-etsu Chemical Co., Ltd
11.3.1 Company Overview
11.3.2 Financial Overview
11.3.3 Types And Services
11.3.4 Neelkanth Finechem Llp: Swot Analysis
11.3.5 Key Strategies
11.4 Adams Magnetic Products Co
11.4.1 Company Overview
11.4.2 Financial Overview
11.4.3 Types And Services
11.4.4 Swot Analysis
11.4.5 Key Strategies
11.5 Bunting Magnetics Co.
11.5.1 Company Overview
11.5.2 Financial Overview
11.5.3 Types And Services
11.5.4 Swot Analysis
11.5.5 Key Strategies
11.6 Eclipse Magnetics
11.6.1 Company Overview
11.6.2 Financial Overview
11.6.3 Types And Services
11.6.4 Swot Analysis
11.6.5 Key Strategies
11.7 Electron Energy Corporation (Eec)
11.7.1 Company Overview
11.7.2 Financial Overview
11.7.3 Types And Services
11.7.4 Swot Analysis
11.7.5 Key Strategies
11.8 Arnold Magnetic Technologies (Amt)
11.8.1 Company Overview
11.8.2 Financial Overview
11.8.3 Types And Services
11.8.4 Swot Analysis
11.8.5 Key Strategies
11.9 Ningbo Yunsheng Co., Ltd. (Nbsy)
11.9.1 Company Overview
11.9.2 Financial Overview
11.9.3 Types And Services
11.9.4 Swot Analysis
11.9.5 Key Strategies
11.10 Chengdu Galaxy Magnets (Galaxy Magnets)
11.9.1 Company Overview
11.9.2 Financial Overview
11.9.3 Types And Services
11.9.4 Swot Analysis
11.9.5 Key Strategies
List Of Tables
Table 1 Global Magnet Market, By Type, 2019–2030 (Usd Million)
Table 2 Global Natural Magnet Market, By Region, 2019–2030 (Usd Million)
Table 3 Global Synthetic Magnet Market, By Region, 2019–2030 (Usd Million)
Table 5 Global Magnet Market, Ferrite, By Region, 2019–2030 (Usd Million)
Table 6 Global Magnet Market, Neodymium Iron Boron, By Region, 2019–2030 (Usd Million)
Table 7 Global Magnet Market, Aluminium Nickel Cobalt, By Region, 2019–2030 (Usd Million)
Table 8 Global Magnet Market, Samarium Cobalt, By Region, 2019–2030 (Usd Million)
Table 9 Global Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 10 Global Magnet Market, For Electronics, By Region, 2019–2030 (Usd Million)
Table 11 Global Magnet Market, For Automotive, By Region, 2019–2030 (Usd Million)
Table 12 Global Magnet Market, For Medical, By Region, 2019–2030 (Usd Million)
Table 13 Global Magnet Market, For Energy, By Region, 2019–2030 (Usd Million)
Table 14 Global Magnet Market, For Leather, By Region, 2019–2030 (Usd Million)
Table 15 Global Magnet Market, For Paints & Coating, By Region, 2019–2030 (Usd Million)
Table 16 Global Magnet Market, By Region, 2019–2030 (Usd Million)
Table 17 North America: Magnet Market, By Country, 2019-2030 (Usd Million)
Table 18 North America: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 20 North America: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 21 U.S.: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 23 U.S.: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 24 Canada: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 26 Canada: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 27 Europe: Magnet Market, By Country, 2019-2030 (Usd Million)
Table 28 Europe: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 30 Europe: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 31 Germany: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 33 Germany: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 34 U.K.: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 36 U.K.: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 37 France: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 39 France: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 40 Italy: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 42 Italy: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 43 Spain: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 45 Spain: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 46 Russia: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 48 Russia: Magnet Market, By End Use, 2019–2030 (Usd Million
Table 49 Roe: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 51 Roe: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 52 Asia Pacific: Magnet Market, By Country, 2019-2030 (Usd Million)
Table 53 Asia Pacific: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 55 Asia Pacific: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 56 China: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 58 China: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 59 India: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 61 India: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 62 Japan: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 64 Japan: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 65 South Korea: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 67 South Korea: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 68 Rest Of Apac: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 70 Rest Of Apac: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 71 Mea: Magnet Market, By Country, 2019-2030 (Usd Million)
Table 72 Mea: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 74 Mea: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 75 Gcc: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 77 Gcc: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 78 South Africa: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 80 South Africa: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 81 Romea: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 83 Romea: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 84 Latin America: Magnet Market, By Country, 2019-2030 (Usd Million)
Table 85 Latin America: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 87 Latin America: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 88 Brazil: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 90 Brazil: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 91 Mexico: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 93 Mexico: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 94 Argentina: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 96 Argentina: Magnet Market, By End Use, 2019–2030 (Usd Million)
Table 97 Rola: Magnet Market, By Type, 2019–2030 (Usd Million)
Table 99 Rola: Magnet Market, By End Use, 2019–2030 (Usd Million)
List Of Figures
Figure 1 Market Synopsis
Figure 2 Market Attractiveness Analysis: Global Magnet
Figure 3 Global Magnet Analysis By Type, % Share, 2022, Market Size, 2019-2030
Figure 5 Global Magnet Analysis By End Use, % Share, 2022, Market Size, 2019-2030
Figure 6 Global Magnet Analysis By Region, 2022
Figure 7 Global Magnet Market: Market Structure
Figure 8 Key Buying Criteria Of Magnet Report
Figure 9 Bottom-up And Top-down Approaches
Figure 10 Market Dynamic Analysis Of The Global Magnet Market
Figure 11 Supply / Value Chain: Global Magnet Market
Figure 12 Global Magnet Market, By Type, 2022 (% Share), 2022 Vs 2030 (Usd Million)
Figure 14 Global Magnet Market, By Technology, 2022 (% Share), 2022 Vs 2030 (Usd Million)
Figure 15 Global Magnet Market, By Region, 2021 (% Share) 2021 Vs 2030 (Usd Million)
Figure 16 North America: Magnet Market, By Country, 2022 (Usd Billion)
Figure 17 Europe: Magnet Market, By Country, 2022 (Revenue % Share)
Figure 18 Asia Pacific: Magnet Market, By Country, 2022 (Revenue % Share)
Figure 19 Mea: Magnet Market, By Country, 2022 (Revenue % Share)
Figure 20 Latin America: Magnet Market, By Country, 2022 (Revenue % Share)
Figure 21 Market Share Analysis (2022, %) *
Figure 22 Global Magnet Market: Competitive Benchmarking

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