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> Chemicals and Advanced Materials > Permanent Magnet Market
Chemicals and Advanced Materials CM0123 January 2020 Share

Permanent Magnet Market

The Permanent Magnet market is expected to grow from USD 19.38 billion in 2019 to USD 32.34 billion by 2025 at a CAGR of 8.91% from 2019 to 2025.

A permanent magnet is an entity that is designed by ferromagnetic material, which uses a strong magnetic field to magnetize. Permanent magnet retains its magnetic properties in the absence of an inducing field or current. High-quality permanent magnet forms a high magnetic field with low mass and stable against the influences which would demagnetize it. Growing adoption of a permanent magnet for manufacturing high-performance products such as radar arrays, door actuators, fluid flow meters, and braking systems in aircraft is anticipated to drive the growth of the global market over the estimated period. In addition, increasing preference towards magnetic systems for manufacturing products in space applications such as in jets and military helicopters is another important factor projected to fuel the growth of the target market. Furthermore, technological advancements in the product manufacturing process with cost-effective methods such as hydrogen decrepitation and powder method and increasing adoption of permanent magnet in medical imaging devices are expected to support the development of this market in the near future. The global market is segregated on the basis of End User as Environment & Energy, Aerospace & Defense, Others, Consumer Electronics, General Industrial, Automotive, and Medical Technology. Based on Type the global market is segmented in Alnico Magnet, Others, Neodymium Iron Boron Magnet, Ferrite Magnet, and Samarium Cobalt Magnet.

The global market report provides geographical analysis covering regions, such as North America, Europe, Asia-Pacific, and the Rest of the World. The market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Hitachi Metals, Ltd. (Japan), Daido Steel Co., Ltd. (Japan), TDK Corporation (Japan), Shin-etsu Chemical Co., Ltd. (Japan), Arnold Magnetic Technologies (U.S.), Lynas Corporation Ltd. (Australia), Electron Energy Corporation (U.S.), Tengam Engineering, Inc. (U.S.), Adams Magnetic Products Co., Inc. (U.S.), Bunting Magnetics Co. (U.S.), and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

The global Permanent Magnet market has been segmented as below:

By End-User

  • Environment & Energy
  • Aerospace & Defense
  • Others
  • Consumer Electronics
  • General Industrial
  • Automotive
  • Medical Technology

By Type

  • Alnico Magnet
  • Others
  • Neodymium Iron Boron Magnet
  • Ferrite Magnet
  • Samarium Cobalt Magnet

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Permanent Magnet Market, By Company

  • Hitachi Metals, Ltd. (Japan)
  • Daido Steel Co., Ltd. (Japan)
  • TDK Corporation (Japan)
  • Shin-etsu Chemical Co., Ltd. (Japan)
  • Arnold Magnetic Technologies (U.S.)
  • Lynas Corporation Ltd. (Australia)
  • Electron Energy Corporation (U.S.)
  • Tengam Engineering, Inc. (U.S.)
  • Adams Magnetic Products Co., Inc. (U.S.)
  • Bunting Magnetics Co. (U.S.)

The report covers the below scope:

  • Global market sizes from 2019 to 2025, along with CAGR for 2020-2025
  • Market size comparison for 2020 vs 2025, with actual data for 2020, estimates for 2021 and forecast from 2021 to 2025
  • Global market trends, covering a comprehensive range of consumer trends & manufacturer trends
  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the market
  • Major market opportunities and challenges in forecast timeframe to be focused
  • Competitive landscape with analysis of competition pattern, portfolio comparisons, development trends, and strategic management
  • Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

  • Base year - 2019
  • Estimated year - 2020
  • Projected year - 2021
  • Forecast period - 2021 to 2025

Report Scope:

The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers the analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. Major industry players with significant revenue share include Hitachi Metals, Ltd. (Japan), Daido Steel Co., Ltd. (Japan), TDK Corporation (Japan), Shin-etsu Chemical Co., Ltd. (Japan), Arnold Magnetic Technologies (U.S.), Lynas Corporation Ltd. (Australia), Electron Energy Corporation (U.S.), Tengam Engineering, Inc. (U.S.), Adams Magnetic Products Co., Inc. (U.S.), Bunting Magnetics Co. (U.S.), and others.

Why to Buy this Report:

  • Gain detailed insights on the Permanent Magnet industry trends
  • Find a complete analysis of the market status
  • Identify the Permanent Magnet market opportunities and growth segments
  • Analyze competitive dynamics by evaluating business segments & product portfolios
  • Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

The report targeted the existing players in the industry is as follows:

  • Market Manufacturers/Service Providers
  • Market Wholesale/Traders
  • Investment and Financial Institutions

Free and Paid Customization based on the requirement

Report Content

  1. Introduction

            1.1 Key Insights

            1.2 Report Overview

            1.3 Markets Covered

            1.4 Stakeholders

  1. Research Methodology

            2.1 Research Scope

            2.2 Market Research Process

            2.3 Research Data Analysis

                        2.4.1 Secondary Research

                        2.4.2 Primary Research

                        2.4.3 Models for Estimation

            2.5 Market Size Estimation

                        2.5.1 Bottom-Up Approach - Segmental Market Analysis

                        2.5.2 Top-Down Approach - Parent Market Analysis

  1. Executive Summary
  2. Market Overview

            4.1 Introduction

                        4.2.1 Drivers

                        4.2.2 Restraints

                        4.2.3 Opportunities

                        4.2.4 Challenges

            4.2 Porter's Five Force Analysis

  1. Permanent Magnet Market, By End User

            5.1 Introduction

            5.2 Environment & Energy

                        5.2.1 Market Overview

                        5.2.2 Market Size and Forecast

            5.3 Aerospace & Defense

                        5.3.1 Market Overview

                        5.3.2 Market Size and Forecast

            5.4 Others

                        5.4.1 Market Overview

                        5.4.2 Market Size and Forecast

            5.5 Consumer Electronics

                        5.5.1 Market Overview

                        5.5.2 Market Size and Forecast

            5.6 General Industrial

                        5.6.1 Market Overview

                        5.6.2 Market Size and Forecast

            5.7 Automotive

                        5.7.1 Market Overview

                        5.7.2 Market Size and Forecast

            5.8 Medical Technology

                        5.8.1 Market Overview

                        5.8.2 Market Size and Forecast

  1. Permanent Magnet Market, By Type

            6.1 Introduction

            6.2 Alnico Magnet

                        6.2.1 Market Overview

                        6.2.2 Market Size and Forecast

            6.3 Others

                        6.3.1 Market Overview

                        6.3.2 Market Size and Forecast

            6.4 Neodymium Iron Boron Magnet

                        6.4.1 Market Overview

                        6.4.2 Market Size and Forecast

            6.5 Ferrite Magnet

                        6.5.1 Market Overview

                        6.5.2 Market Size and Forecast

            6.6 Samarium Cobalt Magnet

                        6.6.1 Market Overview

                        6.6.2 Market Size and Forecast

  1. Permanent Magnet Market, By Geography

            7.1 Introduction

            7.2 North America

                        7.2.1 North America Market, By End User

                        7.2.2 North America Market, By Type

            7.3 Europe

                        7.3.1 Europe Market, By End User

                        7.3.2 Europe Market, By Type

            7.4 Asia-Pacific

                        7.4.1 Asia-Pacific Market, By End User

                        7.4.2 Asia-Pacific Market, By Type

            7.5 Rest of the World

                        7.5.1 Rest of the World Market, By End User

                        7.5.2 Rest of the World Market, By Type

  1. Competitive Insights

            8.1 Key Insights

            8.2 Company Market Share Analysis

            8.3 Strategic Outlook

                        8.3.1 Mergers & Acquisitions

                        8.3.2 New Product Development

                        8.3.3 Portfolio/Production Capacity Expansions

                        8.3.4 Joint Ventures, Collaborations, Partnerships & Agreements

                        8.3.5 Others

  1. Company Profiles

            9.1 Hitachi Metals, Ltd. (Japan)

                        9.1.1 Company Overview

                        9.1.2 Product/Service Landscape

                        9.1.3 Financial Overview

                        9.1.4 Recent Developments

            9.2 Daido Steel Co., Ltd. (Japan)

                        9.2.1 Company Overview

                        9.2.2 Product/Service Landscape

                        9.2.3 Financial Overview

                        9.2.4 Recent Developments

            9.3 TDK Corporation (Japan)

                        9.3.1 Company Overview

                        9.3.2 Product/Service Landscape

                        9.3.3 Financial Overview

                        9.3.4 Recent Developments

            9.4 Shin-etsu Chemical Co., Ltd. (Japan)

                        9.4.1 Company Overview

                        9.4.2 Product/Service Landscape

                        9.4.3 Financial Overview

                        9.4.4 Recent Developments

            9.5 Arnold Magnetic Technologies (U.S.)

                        9.5.1 Company Overview

                        9.5.2 Product/Service Landscape

                        9.5.3 Financial Overview

                        9.5.4 Recent Developments

            9.6 Lynas Corporation Ltd. (Australia)

                        9.6.1 Company Overview

                        9.6.2 Product/Service Landscape

                        9.6.3 Financial Overview

                        9.6.4 Recent Developments

            9.7 Electron Energy Corporation (U.S.)

                        9.7.1 Company Overview

                        9.7.2 Product/Service Landscape

                        9.7.3 Financial Overview

                        9.7.4 Recent Developments

            9.8 Tengam Engineering, Inc. (U.S.)

                        9.8.1 Company Overview

                        9.8.2 Product/Service Landscape

                        9.8.3 Financial Overview

                        9.8.4 Recent Developments

            9.9 Adams Magnetic Products Co., Inc. (U.S.)

                        9.9.1 Company Overview

                        9.9.2 Product/Service Landscape

                        9.9.3 Financial Overview

                        9.9.4 Recent Developments

            9.10 Bunting Magnetics Co. (U.S.)

                        9.10.1 Company Overview

                        9.10.2 Product/Service Landscape

                        9.10.3 Financial Overview

                        9.10.4 Recent Developments

The global Permanent Magnet market has been segmented as below:

By End User

  • Environment & Energy
  • Aerospace & Defense
  • Others
  • Consumer Electronics
  • General Industrial
  • Automotive
  • Medical Technology

By Type

  • Alnico Magnet
  • Others
  • Neodymium Iron Boron Magnet
  • Ferrite Magnet
  • Samarium Cobalt Magnet

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Permanent Magnet Market, By Company

  • Hitachi Metals, Ltd. (Japan)
  • Daido Steel Co., Ltd. (Japan)
  • TDK Corporation (Japan)
  • Shin-etsu Chemical Co., Ltd. (Japan)
  • Arnold Magnetic Technologies (U.S.)
  • Lynas Corporation Ltd. (Australia)
  • Electron Energy Corporation (U.S.)
  • Tengam Engineering, Inc. (U.S.)
  • Adams Magnetic Products Co., Inc. (U.S.)
  • Bunting Magnetics Co. (U.S.)

FAQ's

The global permanent magnet market size is expected to surpass USD 32.34 billion by 2025.

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 are among the key players in the global permanent magnet market. We provide a minimum of 10 company profiles in the report.

 

 

The neodymium iron boron magnet holds a leading market share in the permanent magnet market share in 2019.

 

 

 

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