Magnetic Materials Market by Type (Hard/Permanent Magnet, Semi-Hard Magnet, Soft Magnet), by Application (Automotive, Electronics, Industrial, Power Generation), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2020 to 2027)

Magnetic Materials Market - Global Industry Analysis and Forecast 2020 to 2027

Magnetic Materials Market: Summary

The Global Magnetic Materials Market is projected to reach a value of over USD 176 billion by 2027 at a CAGR of around 9.1%.

Magnetic Material is an object that produce magnetic field. The Magnetic material response magnetic material responds to the applied magnetic field either in the form of attraction or repulsion by generating magnetization or demagnetization property. A magnetic material can be classified in permanent or temporary, soft, semi-hard or hard, each of them with specific properties and uses. These materials are used in various application including automotive, electronics, power generation, industrial, and others.

Magnetic Materials Market

Magnetic Materials Market: Drivers & Challenges

Market Driver:

  • Growing Automotive Industry

The high-quality magnetic material is used in processing automotive bodies and use of advanced technologies boost the market. Automotive industry has much to explore in terms of growth. Moreover, in the automotive industry, magnetic materials are used for anti-lock brake systems, compressors, fuel injectors, motors, and various rotating devices. Shift in trend from fuel-based vehicles to electric vehicles in the automotive industry is expected to drive the use of soft magnetic material in automotive applications. Electric car deployment has been growing rapidly over the past ten years, with the global stock of electric passenger cars passing 5 million in 2018, an increase of 63% from the previous year. Around 45% of electric cars on the road in 2018 were in China – a total of 2.3 million – compared to 39% in 2017. In comparison, Europe accounted for 24% of the global fleet, and the United States 22%. Thus, the increasing shift towards the use of electric vehicles is expected to boost the demand for global magnetic material market

Market Restraint:

  • Fluctuating Cost of the Raw Materials

A number of materials such as ferrite, neodymium, alnico, samarium cobalt, and others used for the manufacturing of magnetic materials. Neodymium (Nd) is a rare earth element on the earth. Although part of the rare earth family neodymium is relatively abundant and is no rarer than copper. Neodymium is mixed with iron and boron as well as traces of other elements such as dysprosium and praseodymium to produce a ferromagnetic, a strongest magnetic material in the world. Moreover, alnico is an acronym of aluminium, nickel and cobalt; the three primary elements which are used to create alnico magnetic material. the above-mentioned raw materials are the rare on the earth. Volatility in the prices of these materials is a major factor likely to hamper the market growth during the assessment period. The price fluctuations are attributed to the mining and extraction of the raw materials, which are dependent on geological and geopolitical factors.

Magnetic Materials Market: Key Segments

  • Segmentation based on type: Hard/Permanent Magnet, Semi-Hard Magnet,    Soft Magnet
  • Segmentation based on application: Automotive, Electronics, Industrial, Power Generation and Others
  • Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.

Magnetic Materials Market: Report Scope

The report on the Magnetic Materials market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features


Historical/Estimated/Forecasted Market Size Years


Base Year for Market Calculation


Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million), Volume (Kiloton)

Segments Included

Type, Application, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • Hitachi Metals, Ltd. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Daido Steel Co., Ltd.
  • Molycorp Magnequench
  • Shin-ETSU Chemical Co., Ltd.
  • TDK Corporation
  • Lynas Corporation Ltd.
  • Arnold Magnetic Technologies Corporation
  • Electron Energy Corporation
  • Tengam Engineering, Inc.
  • Adams Magnetic Products Co., Inc.
  • Other Key Companies

Magnetic Materials Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Magnetic Materials Market, by Type

  • Hard/Permanent Magnet
  • Semi-Hard Magnet
  • Soft Magnet

Magnetic Materials Market, by Material

  • Automotive
  • Electronics
  • Industrial
  • Power Generation
  • Others

Magnetic Materials Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Magnetic Materials Market Providers
  • Magnetic Materials Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Magnetic Materials Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms


    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
    1. Introduction
    2. Drivers
      1. Growing Automotive Industry
      2. Development and Modernization of Infrastructure
    3. Restraint
      1. Fluctuating Cost of the Raw Materials
    4. Opportunities
      1. Development of New Technologies
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL MAGNETIC MATERIALS MARKET BY TYPE, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Hard/Permanent Magnet
    3. Semi-Hard Magnet
    4. Soft Magnet
  7. GLOBAL MAGNETIC MATERIALS MARKET BY APPLICATION, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Automotive
    3. Electronics
    4. Industrial
    5. Power Generation
    6. Others
  8. GLOBAL MAGNETIC MATERIALS MARKET BY REGION, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    3. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
    1. Hitachi Metals, Ltd.
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Daido Steel Co., Ltd.
    3. Molycorp Magnequench
    4. Shin-ETSU Chemical Co., Ltd.
    5. TDK Corporation
    6. Lynas Corporation Ltd.
    7. Arnold Magnetic Technologies Corporation
    8. Electron Energy Corporation
    9. Tengam Engineering, Inc.
    10. Adams Magnetic Products Co., Inc.
    11. Other Key Companies
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain


Rep Id : CM 0118

Published : July, 2020

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