The Magnetic Materials Market - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Magnetic materials are used all over the world for a variety of purposes. Some materials have the property to retain different shapes when they are exposed to an alternating magnetic field. These materials can be used in mechanical and electrical engineering to create anisotropic, non-permanent magnetic structures which are very important in the aerospace industry. The materials also perform well in resisting impact, heat, and even heat damage. The materials also provide an efficient energy source through their ability to store electrical energy and convert it directly into mechanical energy.

Market Dynamics

Rapid growth in the automotive industry is driving growth of the magnetic materials market. Increasing penetration of electric vehicles is also fostering growth of the market. Growing usage of electrical &electronics is further projected to augment growth of the magnetic materials market. According to European Union, in 2019, electric car registrations were close to 550 000 units, having reached 300 000 units in 2018. This represents an increase from 2 to 3.5 % of total car registrations. The uptake of electric vans also increased, from 0.8 % of total registrations in 2018 to 1.3 % in 2019.

On the other hand, the high investment required for R&D is expected to hinder growth of the magnetic materials market.

Key features of the study:

• This report provides in-depth analysis of the magnetic materials market, and provides market size (US$ Million & KiloTons) and compound annual growth rate (CAGR%) for the forecast period (2021-2028), considering 2020 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global magnetic materials market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include AK Steel Holding Corporation, Arnold Magnetic Technologies, Electron Energy Corporation, Hitachi Metals, Ltd., Lynas Corporation Ltd., Molycorp Inc., OM Group, Shin-Etsu Chemicals Co., Ltd., Tengam Engineering Inc., and TDK Corporation
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global magnetic materials market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global magnetic materials market

Detailed Segmentation:

Global Magnetic Materials Market, By Product Type:

• Soft Magnetic Materials
• Permanent Magnetic Materials
• Semi-Hard Magnetic Materials

Global Magnetic Materials Market, By Application:

• Automotive
• Electronics
• Energy generation
• Others

Global Magnetic Materials Market, By Region:

• North America
• By Country
• Canada
• U.S.
• Europe
• By Country
• U.K.
• France
• Germany
• Rest of Europe
• Asia Pacific
• By Country
• China
• India
• ASEAN
• Australia
• Rest of Asia Pacific
• Latin America
• By Country
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Middle East & Africa
• By Region
• Middle East
• Africa
• Company Profiles
• AK Steel Holding Corporation *
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• Arnold Magnetic Technologies
• Electron Energy Corporation
• Hitachi Metals, Ltd.
• Lynas Corporation Ltd.
• Molycorp Inc.
• OM Group
• Shin-Etsu Chemicals Co., Ltd.
• Tengam Engineering Inc.
• TDK Corporation