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Global Permanent Magnet Market by Type (Neodymium Iron Boron Magnet, Ferrite Magnet, Samarium Cobalt Magnet), End-Use Industry (Consumer Electronics, General Industrial, Automotive, Medical Technology, Environment & Energy), and Region - Forecast to 2026

  • ID: 5401674
  • Report
  • August 2021
  • Region: Global
  • 228 Pages
  • Markets and Markets

FEATURED COMPANIES

  • Bunting Magnetics Co.
  • Daido Steel Co., Ltd.
  • Eclipse Magnetics (U.K.)
  • Galaxy Magnets
  • Hitachi Metals, Ltd.
  • Lynas Corporation Ltd.

The global Permanent magnet market is expected to grow from USD 34.4 billion in 2021 to USD 54.1 billion by 2026, at a CAGR of 9.5% during the forecast period. Increasing demand from the automotive industry and general industrial applications are driving the growth of the market. These permanent magnets are used in consumer electronics, general industrial, automotive, medical technology, environment & energy, aerospace & defense, and other applications. However, the negative impact of the COVID-19 pandemic on the end use industries has affected the Permanent magnet adversely.




The neodymium iron boron magnet is the fastest-growing segment by magnet type in terms of value and volume.


The neodymium iron boron magnet market is expected to witness high growth because of the growing demand for miniaturization of various equipment. They are the most preferred permanent magnets owing to their strong magnetic properties. These magnets are made of alloys of neodymium, iron, and boron. They can be made in blocks, rings, discs, arcs, triangle, and spheres. NdFeB magnets are sintered anisotropic materials. They also contain dysprosium and terbium to maintain and improve the properties of magnets. It is the strongest permanent magnet available today with maximum energy products.


The consumer electronics industry dominates the global permanent magnet market in 2020


The demand for permanent magnet in consumer electronics industry is expected to increase mainly due to improving standards of living and rising disposable income in the APAC region. In the consumer electronics segment, permanent magnets are used in magnetic heads of Hard Disk Drives (HDD), CDs, as well as in motors of peripheral devices such as printers, fax machines, scanners, and photocopies. The increasing usage of cloud computing and related development resulted in the growing demand for data centers to store enormous amount of data. The growing demand from data centers for HDD pushes the demand for permanent magnets. These magnets are also used in air conditioners, washing machines, dryers, cooling fan motors in computers, fans, microwaves, loudspeakers, and VCR tape drive motors, among others. Permanent magnets help enhance the efficiency of such appliances.


APAC to lead the permanent magnet during the forecast period


APAC is projected to have the highest growth in the permanent magnet and will expand significantly by 2026. This dominance is attributed to the rising demand from domestic industries in the region. The demand for permanent magnet is growing, especially, in APAC and South America. The markets in these regions are expected to register high growth in comparison to other regions. The growth of the permanent magnet market in the APAC region is also driven by foreign investment and availability of low cost labor and raw materials.


This study has been validated through primary interviews conducted with various industry experts globally. These primary sources have been divided into the following three categories:


  • By Company Type- Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%
  • By Designation- C Level- 50%, Director Level- 20%, and Others- 30%
  • By Region- North America- 15%, Europe- 50%, Asia Pacific (APAC) - 20%, South America-5%, Middle East & Africa (MEA)-10%

The report provides a comprehensive analysis of company profiles listed below:


  • Hitachi Metals, Ltd. (Japan)
  • TDK Corporation (Japan)
  • Shin-Etsu Chemical Co., Ltd. (Japan)
  • Electron Energy Corporation (US)
  • Adams Magnetic Products Co., Inc. (US)
  • Bunting Magnetics Co. (US)
  • Tengam Engineering, Inc. (US)
  • Yantai Shougang Magnetic Materials Inc. (Japan)
  • Ningbo Yunsheng Co. Ltd. (China)
  • Chengdu Galaxy Magnets Co., Ltd. (China)
  • Goudsmit Magnetics (Netherlands)
  • Eclipse Magnetics (US)
  • Arnold Magnetic Technologies (US)

Research Coverage


This report covers the global Permanent magnet and forecasts the market size until 2026. It includes the following market segmentation-By magnet type (Neodymium Iron Boron Magnets, Ferrite Magnets, Samarium Cobalt Magnets, Alnico Magnets and Others), end-use (Consumer Electronics, General Industrial, Automotive, Medical Technology, Environment & Energy, Aerospace & Defense and Others), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2026. Porter’s Five Forces Analysis, along with the drivers, restraints, opportunities, and challenges, have been discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global Permanent magnet.


Key benefits of buying the report:
The report is expected to help market leaders/new entrants in this market in the following ways:



  1. This report segments the global Permanent magnet comprehensively. It provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
  2. The report helps stakeholders understand the pulse of the Permanent magnet and provides them with information on key market drivers, restraints, challenges, and opportunities.
  3. This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, expansion, and acquisition.

Reasons to buy the report:


The report will help leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall Permanent magnet and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.


Frequently Asked Questions about the Global Permanent Magnet Market

What is the estimated value of the Global Permanent Magnet Market?

The Global Permanent Magnet Market was estimated to be valued at $34.4 Billion in 2021.

What is the growth rate of the Global Permanent Magnet Market?

The growth rate of the Global Permanent Magnet Market is 9.5%, with an estimated value of $54.1 Billion by 2026.

What is the forecasted size of the Global Permanent Magnet Market?

The Global Permanent Magnet Market is estimated to be worth $54.1 Billion by 2026.

Who are the key companies in the Global Permanent Magnet Market?

Key companies in the Global Permanent Magnet Market include Hitachi Metals, Ltd., Daido Steel Co., Ltd., Tdk Corporation, Shin, Etsu Chemical Co., Ltd., Arnold Magnetic Technologies, Lynas Corporation Ltd., Electron Energy Corporation and Adams Magnetic Products Co., Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Bunting Magnetics Co.
  • Daido Steel Co., Ltd.
  • Eclipse Magnetics (U.K.)
  • Galaxy Magnets
  • Hitachi Metals, Ltd.
  • Lynas Corporation Ltd.

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered in the Report
1.4 Currency
1.5 Limitations
1.6 Stakeholders


2 Research Methodology
2.1 Market Share Estimation
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions


3 Executive Summary


4 Premium Insights
4.1 Significant Opportunities in Permanent Magnet Market, 2021-2026
4.2 Permanent Magnet Market, by Type
4.3 Permanent Magnet Market, by End-Use Industry


5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Permanent Magnet Market, by Type
5.2.2 Permanent Magnet Market, by End-Use Industry
5.3 Market Dynamics
5.3.1 Drivers
5.3.2 Restraints
5.3.3 Opportunities
5.4.4 Challenges


6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porter's Five Forces Analysis
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Power of Buyers
6.3.3 Threat of New Entrants
6.3.4 Threat of Substitutes
6.3.5 Degree of Competition
6.4 Price Analysis
6.5 Raw Material Analysis
6.6 Patent Analysis
6.7 Technology Analysis
6.8 Impact of COVID -19 on Permanent Magnet Market


7 Permanent Magnet Market, by Type
7.1 Introduction
7.2 Neodymium Iron Boron Magnets
7.3 Ferrite Magnets
7.4 Samarium Cobalt Magnets
7.5 Alnico Magnets
7.6 Other Permanent Magnets


8 Permanent Magnet Market, by End-Use Industry
8.1 Introduction
8.2 Consumer Electronics
8.2.1 Dc Motors
8.2.2 Loudspeakers
8.2.3 Generators
8.3 General Industrial
8.3.1 Magnetic Assemblies
8.3.2 Magnetic Separators
8.4 Automotive
8.4.1 Motors
8.4.2 Sensors
8.4.3 Switches
8.5 Medical Technology
8.5.1 Scanning Devices
8.5.2 Implantable Devices
8.6 Environment & Energy
8.6.1 Wind Torbines
8.7 Aerospace & Defense
8.7.1 Electric Engines
8.7.2 Magnetic Bearings
8.8 Others


9 Permanent Magnet Market, by Region
9.1 Introduction
9.2 North America
9.2.1 North America Permanent Magnet Market by Type
9.2.2 North America Permanent Magnet Market by End-Use Industry
9.2.3 North America Permanent Magnet Market by Country
9.2.3.1 US
9.2.3.1.1 Us Permanent Magnet Market by Type
9.2.3.1.2 Us Permanent Magnet Market by End-Use Industry
9.2.3.2 Canada
9.2.3.2.1 Canada Permanent Magnet Market by Type
9.2.3.2.2 Canada Permanent Magnet Market by End-Use Industry
9.3 Europe
9.3.1 Europe Permanent Magnet Market by Type
9.3.2 Europe Permanent Magnet Market by End-Use Industry
9.3.3 Europe Permanent Magnet Market by Country
9.3.3.1 Germany
9.3.3.1.1 Germany Permanent Magnet Market by Type
9.3.3.1.2 Germany Permanent Magnet Market by End-Use Industry
9.3.3.2 France
9.3.3.2.1 France Permanent Magnet Market by Type
9.3.3.2.2 France Permanent Magnet Market by End-Use Industry
9.3.3.3 Italy
9.3.3.3.1 Italy Permanent Magnet Market by Type
9.3.3.3.2 Italy Permanent Magnet Market by End-Use Industry
9.3.3.4 UK
9.3.3.4.1 UK Permanent Magnet Market by Type
9.3.3.4.2 UK Permanent Magnet Market by End-Use Industry
9.3.3.5 Rest of Europe
9.3.3.5.1 Rest of Europe Permanent Magnet Market by Type
9.3.3.5.2 Rest of Europe Permanent Magnet Market by End-Use Industry
9.4 APAC
9.4.1 APAC Permanent Magnet Market by Type
9.4.2 APAC Permanent Magnet Market by End-Use Industry
9.4.3 APAC Permanent Magnet Market by Country
9.4.3.1 Japan
9.4.3.1.1 Japan Permanent Magnet Market by Type
9.4.3.1.2 Japan Permanent Magnet Market by End-Use Industry
9.4.3.2 Australia & New Zealand
9.4.3.2.1 Australia & New Zealand Permanent Magnet Market by Type
9.4.3.2.2 Australia & New Zealand Permanent Magnet Market by End-Use Industry
9.4.3.3 China
9.4.3.3.1 China Permanent Magnet Market by Type
9.4.3.3.2 China Permanent Magnet Market by End-Use Industry
9.4.3.4 India
9.4.3.4.1 India Permanent Magnet Market by Type
9.4.3.4.2 India Permanent Magnet Market by End-Use Industry
9.4.3.5 Rest of APAC
9.4.3.5.1 Rest of APAC Permanent Magnet Market by Type
9.4.3.5.2 Rest of APAC Permanent Magnet Market by End-Use Industry
9.5 Mea
9.5.1 MEA Permanent Magnet Market by Type
9.5.2 MEA Permanent Magnet Market by End-Use Industry
9.5.3 MEA Permanent Magnet Market by Country
9.5.3.1 UAE
9.5.3.1.1 UAE Permanent Magnet Market by Type
9.5.3.1.2 UAE Permanent Magnet Market by End-Use Industry
9.5.3.2 Saudi Arabia
9.5.3.2.1 Saudi Arabia Permanent Magnet Market by Type
9.5.3.2.2 Saudi Arabia Permanent Magnet Market by End-Use Industry
9.5.3.3 South Africa
9.5.3.3.1 South Africa Permanent Magnet Market by Type
9.5.3.3.2 South Africa Permanent Magnet Market by End-Use Industry
9.5.3.4 Rest of Mea
9.5.3.4.1 Rest of MEA Permanent Magnet Market by Type
9.5.3.4.2 Rest of MEA Permanent Magnet Market by End-Use Industry
9.6 Latin America
9.6.1 Latin America Permanent Magnet Market by Type
9.6.2 Latin America Permanent Magnet Market by End-Use Industry
9.6.3 Latin America Permanent Magnet Market by Country
9.6.3.1 Brazil
9.6.3.1.1 Brazil Permanent Magnet Market by Type
9.6.3.1.2 Brazil Permanent Magnet Market by End-Use Industry
9.6.3.2 Mexico
9.6.3.2.1 Mexico Permanent Magnet Market by Type
9.6.3.2.2 Mexico Permanent Magnet Market by End-Use Industry
9.6.3.3 Rest of Latin America
9.6.3.3.1 Rest of Latin America Permanent Magnet Market by Type
9.6.3.3.2 Rest of Latin America Permanent Magnet Market by End-Use Industry


10 Competitive Landscape
10.1 Introduction
10.2 Market Share Analysis
10.3 Market Rankings
10.3 Market Evaluation Framework
9.3.1 Product Launches and Developments
9.3.2 Expansions
9.3.3 Agreements, Collaborations, Joint Ventures, and Partnership
9.3.4 Mergers & Acquisitions
10.5 Strength of Product Portfolio
10.6 Business Strategy Excellence


11 Company Profiles *
11.1 Introduction
11.2 Hitachi Metals, Ltd.
11.3 Daido Steel Co., Ltd.
11.4 Tdk Corporation
11.5 Shin-Etsu Chemical Co., Ltd.
11.6 Arnold Magnetic Technologies
11.7 Lynas Corporation Ltd.
11.8 Electron Energy Corporation
11.9 Tengam Engineering, Inc.
11.10 Adams Magnetic Products Co., Inc.
11.11 Bunting Magnetics Co.
11.12 Yantai Shougang Magnetic Materials Inc.
11.13 Galaxy Magnets
11.14 Other Companies
11.14.1 Ningbo Yunsheng Co. Ltd. (China)
11.14.2 Anhui Earth-Panda Advance Magnetic Material Co., Ltd. (China)
11.14.3 Eclipse Magnetics (U.K.)
11.14.4 Goudsmit Magnetics (Netherlands)
11.14.5 Hangzhou Permanent Magnet Group (China)
11.14.6 Jpmf Guangdong Co., Ltd. (China)
11.14.7 Ninggang Permanent Magnetic Materials Co. Ltd. (China)
11.14.8 Thomas & Skinner Inc. (U.S.)
11.14.9 Magx America, Inc. (U.S.)
11.14.10 Magnum Magnetics Corporation (U.S.)
11.14.11 Yantai Zhenghai Material Co., Ltd. (China)
11.14.12 Intermetallics Japan Corporation (Japan)
11.14.13 Ningbo Co-Star Materials Hi-Tech Co., Ltd. (China)
11.14.14 Risheng Magnets International Co., Ltd. (China)
11.14.15 Sanvac (Beijing) Magnetics Co., Ltd. (China)
11.14.16 Molycorp Magnequench (Canada)
11.14.17 Vacuumschmelze GmbH & Co., Kg (Germany)
11.14.18 Zhong Ke San Huan (China)


*Details Might Not be Captured in Case of Unlisted Companies.
Note: this is the Tentative List, We Will Provide You the Company Profiles of Major Companies in this Market.


12 Appendix


Note: Product cover images may vary from those shown
  • Hitachi Metals, Ltd.
  • Daido Steel Co., Ltd.
  • Tdk Corporation
  • Shin-Etsu Chemical Co., Ltd.
  • Arnold Magnetic Technologies
  • Lynas Corporation Ltd.
  • Electron Energy Corporation
  • Tengam Engineering, Inc.
  • Adams Magnetic Products Co., Inc.
  • Bunting Magnetics Co.
  • Yantai Shougang Magnetic Materials Inc.
  • Galaxy Magnets
  • Other Companies
  • Ningbo Yunsheng Co. Ltd. (China)
  • Anhui Earth-Panda Advance Magnetic Material Co., Ltd. (China)
  • Eclipse Magnetics (U.K.)
  • Goudsmit Magnetics (Netherlands)
  • Hangzhou Permanent Magnet Group (China)
  • Jpmf Guangdong Co., Ltd. (China)
  • Ninggang Permanent Magnetic Materials Co. Ltd. (China)
  • Thomas & Skinner Inc. (U.S.)
  • Magx America, Inc. (U.S.)
  • Magnum Magnetics Corporation (U.S.)
  • Yantai Zhenghai Material Co., Ltd. (China)
  • Intermetallics Japan Corporation (Japan)
  • Ningbo Co-Star Materials Hi-Tech Co., Ltd. (China)
  • Risheng Magnets International Co., Ltd. (China)
  • Sanvac (Beijing) Magnetics Co., Ltd. (China)
  • Molycorp Magnequench (Canada)
  • Vacuumschmelze GmbH & Co., Kg (Germany)
  • Zhong Ke San Huan (China)
Note: Product cover images may vary from those shown

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