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Permanent Magnet Market by Types, End User Industry & Geography - Trends & Forecast To 2018 - Product Image

Permanent Magnet Market by Types, End User Industry & Geography - Trends & Forecast To 2018

  • Published: September 2013
  • Region: Global
  • 298 Pages
  • Markets and Markets

FEATURED COMPANIES

  • Bunting Magnetics Co
  • Eclipse Magnetics Ltd
  • Hitachi Metals Ltd
  • Lynas Corporation Ltd
  • Ningbo Yunsheng Co Ltd
  • TDK Corporation
  • MORE

'Permanent Magnet Market, By Types (NdFeB, Ferrite, SmCo, Alnico), End User Industry (Consumer Electronics, General Industrial, Automotive, Medical Technology, Environment & Energy, Aerospace & Defense, Others) & Geography - Trends & Forecast To 2018'

Rising demand for miniaturization coupled with advancement in technology that leads to the availability of better quality ferrite magnets and neo magnets with lesser dysprosium content, will drive the permanent magnets market to $18.8 billion by 2018. Asia-Pacific is the fastest growing market for permanent magnets. Developing economies such as China and India are act as a growth engine for many industries that include automotive, consumer electronics, and medical technologies. These growing industries drive the growth of permanent magnets in the region. The market here is expected to experience highest revenue growth during the next five years.

The factors that drive growth in the permanent magnets market include high demand from current & emerging applications, development, and modernization of infrastructure, increased demand for efficiency & miniaturization, and initiatives of associations & READ MORE >

1 Introduction
1.1 Key Take-Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stake Holders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Key Data Points Taken From Secondary Sources
1.5.3 List Of Secondary Data Sources
1.5.4 Key Data Points Taken From Primary Sources
1.5.5 Assumptions Made For This Report

2 Executive Summary

3 Premium Insights
3.1 Market Segmentation
3.2 Asia-Pacific - Best Market To Invest
3.3 Asia-Pacific – To Continue Driving The Permanent Magnet Market
3.4 Neodymium Iron Boron - The Largest Type Of Permanent Magnet
3.5 Automotive Industry - Growing At The Fastest Rate
3.6 Ferrite Magnets Dominates The Consumption, But Neodymium Iron Boron Dominates The Market In Terms Of Revenue
3.7 China – The Clear Leader In This Market
3.8 China Produces The Largest Quantities Of Permanent Magnet
3.9 Most Companies Relied On Capacity Expansions For Growth
3.10 Hitachi Metals - The Most Active Player In Permanent Magnets Market

4 Market Overview
4.1 Introduction
4.1.1 History
4.1.2 Types
4.2 Value Chain Analysis
4.3 Burning Issue
4.3.1 Chinese Monopoly In Permanent Magnet Market
4.4 Market Dynamics
4.4.1 Drivers
4.4.1.1 High Demand From Current & Emerging Applications
4.4.1.2 Development & Modernization Of Infrastructure
4.4.1.3 Increasing Demand For Efficiency & Miniaturization
4.4.1.4 Initiatives Of Associations & Regulatory Bodies
4.4.2 Restraints
4.4.2.1 Fluctuating Costs Of Raw Materials
4.4.2.2 Lack Of Quality Control Across Developing Countries
4.4.2.3 Huge Investments In R&D
4.4.3 Opportunities
4.4.3.1 Emerging Economies
4.4.4 Winning Imperatives
4.4.4.1 Focus On Product Innovation & Modification
4.4.4.2 Expansion Of Production Capacities
4.5 Raw Material Analysis
4.5.1 Iron Oxides
4.5.2 Cobalt Oxides
4.5.3 Rare Earth Oxides
4.6 Pricing Analysis
4.7 Major Players – Market Share Analysis
4.7.1 U.S.
4.7.2 Europe
4.7.3 Japan
4.7.4 China
4.8 Porter's Five Force Analysis
4.8.1 Buyers' Power
4.8.2 Suppliers' Power
4.8.3 Threat Of New Entrants
4.8.4 Threat Of Substitutes
4.8.5 Competitive Rivalry within an Industry

5 By Types
5.1 Introduction
5.2 Market Share Of Permanent Magnet, By Types
5.2.1 Neodymium Iron Boron Magnets Continue To Boost The Market
5.2.1.1 Alnico Magnets
5.2.1.1.1 Alnico Magnets Have Been Around For A Long Time
5.2.1.1.2 Lower Coercivity Limits The Usage Of Alnico Magnets
5.2.1.2 Ferrite Magnets
5.2.1.2.1 Ferrite Magnets Are Quite Cheap
5.2.1.2.2 Ferrite Magnets Are Consumed In Large Quantities
5.2.1.3 Samarium Cobalt Magnets (SMCO)
5.2.1.3.1 SMCO Magnets Are Brittle In Nature
5.2.1.3.2 Higher Costs Hinder The Growth Of SMCO Magnets
5.2.1.4 Neodymium Iron Boron Magnets (NDFEB)
5.2.1.4.1 Neo Magnets Have The Strongest Magnetic Properties
5.2.1.4.2 Demand For Miniaturization Drives The Market Growth

6 By End-User Industries
6.1 Introduction
6.2 Market Analysis By End-User Industries
6.2.1 Automotive Industry Applications To Experience Maximum Growth
6.2.1.1 Consumer Electronics
6.2.1.1.1 Electronic Devices & Home Appliances Consume Large Quantities
6.2.1.1.2 Consumer Electronics: Demand Driven By Developing Economies
6.2.1.2 General Industrial
6.2.1.2.1 Increasing Automation In Various Industries
6.2.1.2.2 Increasing Industrialization, Especially In Developing Countries
6.2.1.3 Automotive Industry
6.2.1.3.1 Extensively Used In Automobiles
6.2.1.3.2 Rising Automobile Production Fuels The Market Growth
6.2.1.4 Medical Technology
6.2.1.4.1 Permanent Magnet Are Widely Used In Various Medical Equipments
6.2.1.4.2 Global Rise In Healthcare Expenditure
6.2.1.5 Environment & Energy
6.2.1.5.1 Increasing Drive For Clean Energy
6.2.1.5.2 The Environment & Energy Market Is Dominated By Asia-Pacific
6.2.1.6 Aerospace & Defense
6.2.1.6.1 Increasing Trends For Electrification In Aircraft
6.2.1.6.2 Critical Material For Major Military Platforms
6.2.1.7 Other End-User Industries
6.2.1.7.1 Several Applications Utilize Permanent Magnet
6.2.1.7.2 Demand Driven By Enhanced Usage

7 By Geography
7.1 Market Segmentation
7.2 Market Estimates By Regions
7.3 Asia-Pacific To Drive The Permanent Magnet Market
7.3.1 Asia-Pacific
7.3.1.1 Driven By Thriving Economies
7.3.1.2 The Asia-Pacific Market To Grow At A Rapid Pace
7.3.1.3 China Dominates This Market
7.3.1.4 China
7.3.1.4.1 China: Fastest Growing Permanent Magnet Market
7.3.1.4.2 Heavy Capital Expenditure Drives The Growth In China
7.3.1.5 Japan
7.3.1.5.1 Japan Has Been One Of The Pioneer Markets
7.3.1.5.2 Japan – Still Reeling Under The Effects Of The Tsunami
7.3.1.6 Rest Of Asia-Pacific
7.3.1.6.1 The Region Boasts Of Thriving Economies
7.3.1.6.2 Rest Of Asia-Pacific: Huge Possibility For Growth
7.3.2 North America
7.3.2.1 Increased Demand For Advanced Materials Drives The Market
7.3.2.2 Superior Structural Properties Of Permanent Magnet Driving Its Market Growth
7.3.2.3 U.S.: The Largest Consumer Of Permanent Magnet In North America
7.3.2.4 U.S.
7.3.2.4.1 U.S.: The Most Technologically Advanced Country
7.3.2.4.2 The Permanent Magnet Market Is Driven By Demand From End-User Industries
7.3.2.5 Canada
7.3.2.5.1 Canada - Huge Potential For The Permanent Magnet Market
7.3.2.5.2 Canadian Market - Experiencing High Growth
7.3.3 Europe
7.3.3.1 Europe – One Of The Major Markets For Permanent Magnet
7.3.3.2 Drive For Efficiency Is Fuelling Market Growth
7.3.4 The Middle East & Africa
7.3.4.1 Infrastructure Development Prevalent In The Middle East & Africa
7.3.4.2 The Market Is Anticipated To Remain Underdeveloped
7.3.5 Latin America
7.3.5.1 Market Ready To Be Tapped
7.3.5.2 The Market Will Grow At The Highest Rate

8 Competitive Landscape
8.1 Introduction
8.1.1 Company Analysis, By Types
8.1.2 Company Analysis, By End-Uses
8.1.3 Company Analysis, By Regions
8.2 Strategic Developments
8.2.1 Capacity Expansions: Most Preferred Strategy
8.2.1.1 Maximum Developments In 2011 & 2013
8.2.1.2 Asia-Pacific: The Most Active Region
8.2.1.3 Hitachi Metals Ltd (Japan), & Daido Steel Co. Ltd (Japan): The Most Active Players
8.2.2 New Product Launch/Development
8.2.3 Expansions
8.2.4 Partnership & Collaboration
8.2.5 Government Support
8.2.6 Investment/Fundings
8.2.7 Joint Ventures
8.2.8 Supply Contracts
8.2.9 Others

9 Company Profiles (Overview, Financial*, Products & Services, Strategy, And Developments)
9.1 Adams Magnetic Products Co.
9.2 Anhui Earth-Panda Advance Magnetic Material Co. Ltd
9.3 Arnold Magnetic Technologies
9.4 Bunting Magnetics Co.
9.5 Daido Steel Co. Ltd
9.6 Eclipse Magnetics Ltd
9.7 Electron Energy Corporation
9.8 Goudsmit Magnetics Group
9.9 Hangzhou Permanent Magnet Group
9.10 Hitachi Metals Ltd
9.11 JPMF Guangdong Co. Ltd
9.12 Lynas Corporation Ltd
9.13 Molycorp Magnequench
9.14 Ningbo Yunsheng Co. Ltd
9.15 Ninggang Permanent Magnetic Materials Co. Ltd
9.16 Shin-Etsu Chemical Co. Ltd
9.17 TDK Corporation
9.18 Tengam Engineering Inc.
9.19 Thomas & Skinner Inc.
9.20 Vacuumschmelze GMBH & Co. Kg

*Details Might Not Be Captured In Case Of Unlisted Companies

List Of Tables (131 Tables)

Table 1 Types: manence, Coercivity,& Maximum Energy Product BH (Max)
Table 2 Permanent Magnetic Force: Types & Its Applications
Table 3 Magnets: Year Of Origin & Strength
Table 4 Effect Of Raw Material Price Fluctuations
Table 5 Top 10 Largest Economies By GDP In PPP Terms: 2010 & 2020
Table 6 10 Largest Economies' Total GDP In PPP Terms, 2020
Table 7 Innovative Products Launch, 2013 – 2011
Table 8 Capacity Expansion, 2013 – 2012
Table 9 Country Wise Production & Reserve Of Iron Ore, 2011 – 2012
Table 10 Prices Of Rare Earth Oxides From Feb 2011 To July 2011 ($/Kg)
Table 11 The Supply & Demand Of Rare Earth Oxide
Table 12 Average Prices Of Permanent Magnet From 2011 To 2018 ($/Kg)
Table 13 Market Revenue, By Types,2011 - 2018 ($Million)
Table 14 Market Consumption, By Types,2011 – 2018 (KT)
Table 15 Composition Of Alnico Magnets
Table 16 Temperature Characteristics Of Various Grades Of Alnico Magnets
Table 17 Companies That Offer Alnico Magnets
Table 18 Alnico Permanent Magnet Types: Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 19 Alnico Permanent Magnet Types: Market Consumption, By Geography, 2011 – 2018 (Tons)
Table 20 Magnetic Properties Of Ferrite Magnets
Table 21 Companies That Offer Ferrite Magnets
Table 22 Ferrite Permanent Magnet Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 23 Ferrite Permanent Magnet Market Consumption, By Geography, 2011 – 2018 (KT)
Table 24 Magnetic Properties Of Samarium Cobalt Magnets
Table 25 Companies That Offer Samarium Cobalt Magnets
Table 26 Samarium Cobalt Permanent Magnet: Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 27 Samarium Cobalt Permanent Magnet: Market Consumption, By Geography, 2011 – 2018 (Tons)
Table 28 Magnetic Properties Of NDFEB Magnets
Table 29 Companies That Offer NDFEB Magnets
Table 30 Neodymium Iron Boron Permanent Magnet: Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 31 Neodymium Iron Boron Permanent Magnet: Market Consumption, By Geography, 2011 – 2018 (KT)
Table 32 Industry Wise Applications
Table 33 Market Revenue, By End Use Industries, 2011 – 2018 ($Million)
Table 34 Market Consumption, By End Use Industries, 2011 – 2018 (KT)
Table 35 Consumer Electronics: Market Growth Strategies, By Companies
Table 36 Consumer Electronics Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 37 Consumer Electronics Market Consumption, By Geography, 2011 – 2018 (KT)
Table 38 General Industrial Market: Growth Strategies, By Companies
Table 39 General Industrial Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 40 General Industrial Market Consumption, By Geography, 2011 – 2018 (KT)
Table 41 Automotive Market: Growth Strategies, By Companies
Table 42 Automotive Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 43 Automotive Market Consumption, By Geography, 2011 – 2018 (KT)
Table 44 Medical Technology Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 45 Medical Technology Market Consumption, By Geography, 2011 – 2018 (KT)
Table 46 Environment & Energy Market: Growth Strategies, By Companies
Table 47 Environment & Energy Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 48 Environment & Energy Market Consumption, By Geography, 2011 – 2018 (KT)
Table 49 Aerospace & Defence Market: Growth Strategies, By Companies
Table 50 Aerospace & Defense Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 51 Aerospace & Defense Market Consumption, By Geography, 2011 – 2018 (KT)
Table 52 Other End-User Industry Market Revenue, By Geography, 2011 – 2018 ($Million)
Table 53 Other End-User Industry Market Consumption, By Geography, 2011 – 2018 (KT)
Table 54 Market Revenue, By Geography,2011 – 2018 ($Million)
Table 55 Market Consumption, By Geography,2011 – 2018 (KT)
Table 56 Companies In Asia-Pacific
Table 57 Asia-Pacific: Permanent Magnet Market Consumption, By End Use Industries, 2011 – 2018 (KT)
Table 58 Asia-Pacific: Revenue, By End Use Industries, 2011 – 2018 ($Million)
Table 59 Asia-Pacific: Consumption, By Types, 2011 – 2018 (KT)
Table 60 Asia-Pacific: Revenue, By Types, 2011 – 2018 ($Million)
Table 61 Asia-Pacific: Consumption, By Countries, 2011 – 2018 (KT)
Table 62 Asia-Pacific: Revenue, By Countries, 2011 – 2018 ($Million)
Table 63 China: Permanent Magnets Market Consumption, By End Use Industries, 2011 – 2018 (KT)
Table 64 China: Revenue, By End Use Industries, 2011 – 2018 ($Million)
Table 65 China: Consumption, By Types, 2011 – 2018 (KT)
Table 66 China: Revenue, By Types,2011 – 2018 ($Million)
Table 67 Japan: Permanent Magnets Market Consumption, By End Use Industries, 2011 – 2018 (KT)
Table 68 Japan: Revenue, By End Use Industries, 2011 – 2018 ($Million)
Table 69 Japan: Consumption, By Types, 2011 – 2018 (Tons)
Table 70 Japan: Revenue, By Types,2011 – 2018 ($Million)
Table 71 Rest Of Asia-Pacific: Permanent Magnets Market Consumption, By End Use Industries, 2011 – 2018 (KT)
Table 72 Rest Of Asia-Pacific: Revenue, By End Use Industries, 2011 – 2018 ($Million)
Table 73 Rest Of Asia-Pacific: Consumption, By Types, 2011 – 2018 (Tons)
Table 74 Rest Of Asia-Pacific: Revenue, By Types, 2011 – 2018 ($Million)
Table 75 Companies In North America
Table 76 North America: Permanent Magnet Market Consumption, By End Use Industries, 2011 – 2018 ($Million)
Table 77 North America: Revenue, By End Use Industries, 2011 – 2018 ($Million)
Table 78 North America: Consumption, By Types, 2011 – 2018 (KT)
Table 79 North America: Revenue, By Types, 2011 – 2018 ($Million)
Table 80 North America: Consumption, By Countries, 2011 – 2018 (KT)
Table 81 North America: Revenue, By Countries, 2011 – 2018 ($Million)
Table 82 U.S.: Permanent Magnet Market Consumption, By End Use Industries, 2011 – 2018 (KT)
Table 83 U.S.: Permanent Magnet Market Revenue, By End Use Industries, 2011 – 2018 ($Million)
Table 84 U.S.: Permanent Magnet Market Consumption, By Types,2011 – 2018 (Tons)
Table 85 U.S.: Permanent Magnet Market Revenue, By Types,2011 – 2018 ($Million)
Table 86 Canada: Permanent Magnet Market Consumption, By End Use Industries, 2011 – 2018 (Tons)
Table 87 Canada: Permanent Magnet Market Revenue, By End Use Industries, 2011 – 2018 ($Million)
Table 88 Canada: Permanent Magnet Market Consumption, By Types, 2011 – 2018 (Tons)
Table 89 Canada: Permanent Magnet Market Revenue, By Types,2011 – 2018 ($Million)
Table 90 Companies In Europe
Table 91 Europe: Permanent Magnet Market Consumption, By End Use Industries, 2011 – 2018 (KT)
Table 92 Europe: Permanent Magnet Market Revenue, By End Use Industries, 2011 – 2018 ($Million)
Table 93 Europe: Permanent Magnet Market Consumption, By Types, 2011 – 2018 (Tons)
Table 94 Europe: Permanent Magnet Market Revenue, By Types,2011 – 2018 ($Million)
Table 95 The Middle East & Africa: Permanent Magnet Market Consumption, By End Use Industries, 2011 – 2018 (Tons)
Table 96 The Middle East & Africa: Permanent Magnet Market Revenue, By End Use Industries, 2011 – 2018 ($Million)
Table 97 The Middle East & Africa: Permanent Magnet Market Consumption, By Types, 2011 – 2018 (Tons)
Table 98 The Middle East & Africa: Permanent Magnet Market Revenue, By Types, 2011 – 2018 ($Million)
Table 99 Latin America: Permanent Magnets Market Consumption, By End Use Industries, 2011 – 2018 (Tons)
Table 100 Latin America: Permanent Magnets Market Revenue, By End Use Industries, 2011 – 2018 ($Million)
Table 101 Latin America: Permanent Magnets Market Consumption, By Types, 2011 – 2018 (Tons)
Table 102 Latin America: Permanent Magnets Market Revenue, By Types, 2011 – 2018 ($Million)
Table 103 Company Analysis, By End-Uses
Table 104 Company Analysis, By End-Uses
Table 105 Company Analysis, By Regions
Table 106 New Products Launch/Developments, 2010 – 2013
Table 107 Expansions, 2010 – 2013
Table 108 Partnership/Collaborations, 2010 – 2013
Table 109 Government Support, 2012 – 2013
Table 110 Investment/Funding, 2011
Table 111 Joint Ventures, 2011 – 2013
Table 112 Supply Contracts, 2011 – 2013
Table 113 Others, 2010 – 2013
Table 114 Adams Magnetic: Products, Specifications, & Its Applications
Table 115 Earth-Panda: Products & Its Applications
Table 116 Arnold Magnetic: Products, Brands, & Specifications
Table 117 Bunting Magnetics: Products & Its Applications
Table 118 Daido Steel: Products & Brands
Table 119 Daido Steel: Market Revenue, By Segments,2011 – 2012 ($Million)
Table 120 Eclipse Magnetics: Products & Its Subtypes
Table 121 Electron Energy: Products & Its Applications
Table 122 Goudsmit Magnetics: Products & Its Specifications
Table 123 Hangzhou Permanent: Products & Its Applications
Table 124 Hitachi Metals: Products, Brands, & Its Specifications
Table 125 Hitachi Metals: Market Revenue, By Segments,2011 – 2012 ($Million)
Table 126 JPMF Guangdong: Products & Its Applications
Table 127 Molycorp Magnequench: Products & Its Applications
Table 128 Ninggang Permanent: Products & Its Applications
Table 129 Shin-Etsu Chemical: Products, Brands, & Its Applications
Table 130 TDK Corporation: Products, Brands, & Its Applications
Table 131 Vacuumschmelze: Products, Specifications, & Its Applications

List Of Figures (48 Figures)

Figure 1 Permanent Magnet : Market Share, By Geography, End User Industries, & Types, 2012
Figure 2 Market Segmentation
Figure 3 Growth Matrix
Figure 4 Market Revenue Trend, By Geography, 2011 – 2018 ($Million)
Figure 5 Market Revenue, By Geography & Types, 2012 ($Million)
Figure 6 Market Size, By Types, 2013 – 2018
Figure 7 Market Size, By End Uses, 2012 – 2018
Figure 8 Market Size, By Countries, 2013 – 2018
Figure 9 Type Wise Manufacturing Capacity, By Regions, 2012
Figure 10 Competitive Developments, By Types, 2010 – 2013
Figure 11 Growth Strategies Of Top Five Companies, 2010 – 2013
Figure 12 Life Cycle Of Permanent Magnet
Figure 13 Types Of Permanent Magnet
Figure 14 Usable Temperature Ranges For Permanent Magnet
Figure 15 Value Chain For The Permanent Magnet Market
Figure 16 Impact Analysis – Drivers, 2013 – 2018
Figure 17 Wind Power Cumulative Capacity
Figure 18 Impact Analysis – Restraints, 2013 – 2018
Figure 19 Fluctuation In Prices Of Permanent Magnet
Figure 20 Impact Analysis – Opportunity, 2013 – 2018
Figure 21 Automobile Production From 2013 To 2018 (In 000'units)
Figure 22 Demand & Supply Of Cobalt, 2008 – 2013 (In 000' Tonnes)
Figure 23 U.S.: Market Share, By Companies, 2012
Figure 24 Europe: Market Share, By Companies, 2012
Figure 25 Japan: Market Share, By Companies, 2012
Figure 26 China: Market Share, By Companies, 2012
Figure 27 Porter's Five Force Analysis
Figure 28 Market Segmentation, By Types
Figure 29 Market Share, By Types, 2012
Figure 30 Market Share, By Types, 2018
Figure 31 Market Segmentation, By End-User Industries
Figure 32 Market Share, By Applications, 2012
Figure 33 Market Share, By Applications, 2018
Figure 34 Percentage Of Cumulative Capacities Of Wind Energy In 2011
Figure 35 Market Segmentation, By Geography
Figure 36 Market Share, By Geography, 2012
Figure 37 Market Share, By Geography, 2018
Figure 38 Demand For Automobiles In Asia
Figure 39 Competitive Developments, By Growth Strategies, 2010 – 2013
Figure 40 Competitive Developments, By Years, 2010 – 2013
Figure 41 Competitive Developments, By Geography, 2010 – 2013
Figure 42 Competitive Developments, By Companies, 2010 – 2013
Figure 43 Growth Strategies Of Top Five Companies, 2010 – 2013
Figure 44 New Products Launch/Development, 2010 – 2013
Figure 45 Expansions, 2010 – 2013
Figure 46 Partnership & Collaborations, 2010 – 2013
Figure 47 Joint Ventures, 2011 – 2013
Figure 48 Supply Contracts, 2011 – 2013

The permanent magnet market is witnessing very high growth on account of rising demand for efficiency and increased electrification in all facets of life. The demand for permanent magnets is growing, especially from the automotive and wind energy sectors. It is increasingly used for electric power steering, electric vehicles, and hybrid vehicles. The wind turbine market is another major growth area for permanent magnet. China is a dominant player in the rare earth permanent magnet.

Permanent magnet are made of diverse materials that range from ferrite to rare earth elements. NdFeB permanent magnet, due to their wide areas of applications and numerous advantages, are used in most of the industries. Hence they dominated the market. Presently, China has the monopoly in the supply of rare earth minerals that are necessary to produce rare earth magnets. It has huge reserves of rare earth minerals that account for 23% of the world's total rare earth reserves. China produces a vast quantity of two primarily important rare earth minerals required to produce , dysprosium (production share of 99%) and neodymium (production share of 95%).

The Chinese government is taking strategic steps to maintain its leading position as a supplier of rare earth minerals as well as to secure rare earth reserves for its own internal consumption. It has restricted rare earth annual export quotas to less than 35,000 tonnes. The Chinese government is also taking measures to curb non-licensed mining and export of rare earth minerals. The supply constraints from China results in high volatility in the prices of rare earth minerals that results in high prices for rare earth magnets.

Due to the supply constraint from China, other countries across the globe are finding new ways to reduce the dependence on China for the rare earth minerals. They are finding new ways to diversifying global rare earth supply chain, development of alternative materials, and more efficient use of rare earth, including recycling. The U.S. government is keen on domestic production of the entire supply chain of permanent magnet which are critical for the defense and energy. Many governments are encouraging their manufacturers to develop alternative technologies to reduce or no use of rare earth in the production rare earth magnets.

In terms of the market, the industry comprises of few small market participants with only a few major companies globally. The industry is highly fragmented in terms of segments to which the products are offered. Due to the presence of a number of small players, companies are constantly fighting to capture more market share. The market is dominated by a significant number of smaller Chinese players that are trying to consolidate and merge with each other so as to have increased market presence. The potential opportunities in emerging economies are the ones that the players in this market should be aiming for in future.

- Adams Magnetic Products Co
- Anhui Earth-Panda Advance Magnetic Material Co Ltd
- Arnold Magnetic Technologies
- Bunting Magnetics Co
- Daido Steel Co Ltd
- Eclipse Magnetics Ltd
- Electron Energy Corporation
- Goudsmit Magnetics Group
- Hangzhou Permanent Magnet Group
- Hitachi Metals Ltd
- JPMF Guangdong Co Ltd
- Lynas Corporation Ltd
- Molycorp Magnequench
- Ningbo Yunsheng Co Ltd
- Ninggang Permanent Magnetic Materials Co Ltd
- Shin-Etsu Chemical Co Ltd
- TDK Corporation
- Tengam Engineering Inc
- Thomas & Skinner Inc
- Vacuumschmelze GMBH & Co Kg

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