Global Permanent Magnets Market to Reach $29 Billion by 2030
The global market for Permanent Magnets estimated at US$18.6 Billion in the year 2022, is projected to reach a revised size of US$29 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2022-2030. Neodymium-Iron-Boron (NdFeB), one of the segments analyzed in the report, is projected to record 5.7% CAGR and reach US$18.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Ferrite segment is readjusted to a revised 5.8% CAGR for the next 8-year period.The U.S. Market is Estimated at $5.1 Billion, While China is Forecast to Grow at 9.4% CAGR
The Permanent Magnets market in the U.S. is estimated at US$5.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.4 Billion by the year 2030 trailing a CAGR of 9.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 6.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.Select Competitors (Total 22 Featured) -
- Adams Magnetic Products Co.
- Anhui Earth-Panda Advance Magnetic Material Co., Ltd.
- Arnold Magnetic Technologies
- Bunting Magnetics Co.
- Daido Steel Co., Ltd.
- Dexter Magnetic Technologies, Inc.
- Eclipse Magnetics Ltd.
- Electron Energy Corporation
- Goudsmit Magnetics Group
- Hangzhou Permanent Magnet Group Co., Ltd.
- Hitachi Metals Ltd.
- Lingyi Itech (Guangdong) Company
- Lynas Corporation Ltd.
- Neo Performance Materials
- 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
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Adams Magnetic Products Co.
- Anhui Earth-Panda Advance Magnetic Material Co., Ltd.
- Arnold Magnetic Technologies
- Bunting Magnetics Co.
- Daido Steel Co., Ltd.
- Dexter Magnetic Technologies, Inc.
- Eclipse Magnetics Ltd.
- Electron Energy Corporation
- Goudsmit Magnetics Group
- Hangzhou Permanent Magnet Group Co., Ltd.
- Hitachi Metals Ltd.
- Lingyi Itech (Guangdong) Company
- Lynas Corporation Ltd.
- Neo Performance Materials
- 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
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 184 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 18.6 Billion |
Forecasted Market Value ( USD | $ 29 Billion |
Compound Annual Growth Rate | 5.7% |
Regions Covered | Global |