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PUBLISHER: Grand View Research | PRODUCT CODE: 1122297
PUBLISHER: Grand View Research | PRODUCT CODE: 1122297
Magnetic Materials Market Size, Share & Trends Analysis Report By Type (Hard/Permanent, Semi-hard, Soft), By Application (Automotive & Transportation), By Region, And Segment Forecasts, 2022 - 2030
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Magnetic Materials Market Growth & Trends:
The global magnetic materials market size is expected to reach USD 48.17 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 5.7% from 2022 to 2030. The rising investments in magnet-producing facilities are anticipated to augment the demand for the product during the forecast period.
The companies in the market are exploring the possibilities to expand their production capacities in end-use segments. For instance, in June 2021, Jintian Copper announced its plans to build facilities for the production of rare-earth magnets i.e., permanent magnets. The company is likely to target downstream mid to high-end products and improve the core competitiveness of the company.
Energy is anticipated to remain the fastest-growing application segment in Europe during the forecast period. Highly legislated climate targets require a rapid increase in renewable energy by 2030. The region adopted the European climate law in 2021 to reduce greenhouse gas emissions from end-use industries. This is projected to fuel the demand for magnets in renewable energy applications such as turbines.
In the electronics industry, magnetic materials are used computer cables, mobile phones, hard disk drives, printer machine rollers, fax stepper motors, voice coil motors, microphones, loudspeakers, earbuds, watches, and air conditioning compressors among others. Growth in the aforementioned products is thus likely to provide a boost to the growth of the magnetic materials industry.
Electric motors are the critical components used in industrial drives, household appliances, and transportation applications. Electricity consumption in these motors is very high and a slight improvement in energy efficiency assists in huge energy savings and thus reduction of carbon dioxide at the global level. Both soft and permanent magnets can be used in electric motors owing to their lightweight and small size with no compromise on the required torque and energy needed for transportation and actuation applications.
Transformers are the key products; wherein soft magnetic materials find applications in cores. Growth & investments in transformer manufacturing are projected to remain a crucial factor in the demand for soft magnetic materials. For instance, in May 2022, Hitachi Energy announced an investment of USD 10 million transformer production facility in Missouri, the U.S. With this investment, the company plans to expand its manufacturing capabilities and improve production capacity.
Magnetic Materials Market Report Highlights:
- Based on type, soft magnetic materials held the highest volume share of more than 53.0% in 2021, and this trend is expected to continue during the forecast period. Growing investments in the energy production and distribution sector are projected to remain a key driving factor for market growth
- Permanent magnets are anticipated to remain the fastest-growing segment from 2022 to 2030. The government's focus on renewable energy sectors including wind and solar energy and subsidies for such projects is likely to play important role in the growth of this segment
- Based on application, automotive & transportation accounted for the largest volume share of more than 36.0% in 2021. The demand for magnetic materials in switches, actuators, sensors and motors is anticipated to keep the growth momentum for this segment
- Based on region, in 2021, Asia Pacific was the dominant region with a revenue share of 66.0% 2021. The demand is expected to grow on account of the expansion of the automotive & electronics industry in China and India
Product Code: GVR-4-68039-972-2
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Research Methodology
- 1.4. Research Scope and Assumptions
- 1.5. Information Procurement
- 1.5.1. Purchased database
- 1.5.2. GVR's Internal Database
- 1.5.3. Secondary Sources
- 1.5.4. Third Party Perspective
- 1.5.5. Primary Research
- 1.6. Information Analysis
- 1.6.1. Data Analysis Models
- 1.7. Market Formulation and Data Visualization
- 1.8. Data Validation and Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Market Snapshot
- 2.3. Segmental Outlook
Chapter 3. Market Variables, Trends & Scope
- 3.1. Market Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.3.1. Raw Material Trends
- 3.3.2. Technology Trends
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.6. Industry Analysis- Porter's
- 3.7. PESTEL Analysis
Chapter 4. Magnetic Materials Market: Type Estimates & Trend Analysis
- 4.1. Definition & Scope
- 4.2. Type Movement Analysis & Market Share, 2021 & 2030
- 4.3. Hard/Permanent
- 4.3.1. Hard/permanent magnetic materials market estimates and forecast, 2017 - 2030 (Kilotons, USD Million)
- 4.4. Semi-hard
- 4.4.1. Semi-hard magnetic materials market estimates and forecast, 2017 - 2030 (Kilotons, USD Million)
- 4.5. Soft
- 4.5.1. Soft magnetic materials market estimates and forecast, 2017 - 2030 (Kilotons, USD Million)
Chapter 5. Magnetic Materials Market: Application Estimates & Trend Analysis
- 5.1. Definition & Scope
- 5.2. Application Movement Analysis & Market Share, 2021 & 2030
- 5.3. Automotive & Transportation
- 5.3.1. Magnetic materials market estimates and forecast, by automotive & transportation, 2017 - 2030 (Kilotons, USD Million)
- 5.4. Electronics
- 5.4.1. Magnetic materials market estimates and forecast, by electronics, 2017 - 2030 (Kilotons, USD Million)
- 5.5. Energy
- 5.5.1. Magnetic materials market estimates and forecast, by energy, 2017 - 2030 (Kilotons, USD Million)
- 5.6. Others
- 5.6.1. Magnetic materials market estimates and forecast, by other applications, 2017 - 2030 (Kilotons, USD Million)
Chapter 6. Magnetic Materials Market: Regional Estimates & Trend Analysis
- 6.1. Definition & Scope
- 6.2. Regional Movement Analysis & Market Share, 2021 & 2030
- 6.3. North America
- 6.3.1. North America magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.3.2. North America magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.3.3. North America magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- 6.3.4. U.S.
- 6.3.4.1. U.S. magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.3.4.2. U.S. magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.3.4.3. U.S. magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- 6.3.5. Canada
- 6.3.5.1. Canada magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.3.5.2. Canada magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.3.5.3. Canada magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- 6.3.6. Mexico
- 6.3.6.1. Mexico magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.3.6.2. Mexico magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.3.6.3. Mexico magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- 6.4. Europe
- 6.4.1. Europe magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.4.2. Europe magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.4.3. Europe magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- 6.4.4. Germany
- 6.4.4.1. Germany magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.4.4.2. Germany magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.4.4.3. Germany magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- 6.4.5. Italy
- 6.4.5.1. Italy magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.4.5.2. Italy magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.4.5.3. Italy magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- 6.4.6. Russia
- 6.4.6.1. Russia magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.4.6.2. Russia magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.4.6.3. Russia magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- 6.4.7. Turkey
- 6.4.7.1. Turkey magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.4.7.2. Turkey magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.4.7.3. Turkey magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- 6.5. Asia Pacific
- 6.5.1. Asia Pacific magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.5.2. Asia Pacific magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.5.3. Asia Pacific magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- 6.5.4. China
- 6.5.4.1. China magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.5.4.2. China magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.5.4.3. China magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- 6.5.5. Japan
- 6.5.5.1. Japan magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.5.5.2. Japan magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.5.5.3. Japan magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- 6.5.6. India
- 6.5.6.1. India magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.5.6.2. India magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.5.6.3. India magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- 6.5.7. South Korea
- 6.5.7.1. South Korea magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.5.7.2. South Korea magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.5.7.3. South Korea magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- 6.6. Central & South America
- 6.6.1. Central & South America magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.6.2. Central & South America magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.6.3. Central & South America magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- 6.6.4. Brazil
- 6.6.4.1. Brazil magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.6.4.2. Brazil magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.6.4.3. Brazil magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- 6.7. Middle East & Africa
- 6.7.1. Middle East & Africa magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.7.2. Middle East & Africa magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.7.3. Middle East & Africa magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- 6.7.4. South Africa
- 6.7.4.1. South Africa magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- 6.7.4.2. South Africa magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- 6.7.4.3. South Africa magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
Chapter 7. Competitive Analysis
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.1.1. Major Deals & Strategic Alliances
- 7.2. Company /Competition Categorization
- 7.3. Vendor Landscape
- 7.3.1. List of Prospective End-Users
- 7.3.2. List of Raw Material Suppliers/Distributors
Chapter 8. Magnetic Materials Market: Company Profiles
- 8.1. Daido Steel Co. Ltd.
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Strategic Initiatives
- 8.2. Hitachi Metals Ltd.
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Strategic Initiatives
- 8.3. TDK Corp
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Strategic Initiatives
- 8.4. Shin-Etsu Chemical Co. Ltd.,
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Strategic Initiatives
- 8.5. Molycorp Magnequench
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Strategic Initiatives
- 8.6. Metaltec Steel Abrasive
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Strategic Initiatives
- 8.7. Lynas Corporation Ltd.,
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Strategic Initiatives
- 8.8. Arnold Magnetic Technologies Corporation
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Strategic Initiatives
- 8.9. Electron Energy Corporation
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Strategic Initiatives
- 8.10. Tengam Engineering, Inc.
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Strategic Initiatives
Product Code: GVR-4-68039-972-2
List of Tables
- Table 1 Magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 2 Hard/permanent magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 3 Semi-hard magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 4 Soft magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 5 Magnetic Materials market estimates and forecasts, in automotive & transportation, 2017 - 2030 (Kilotons, USD Million)
- Table 6 Magnetic Materials market estimates and forecasts, in electronics, 2017 - 2030 (Kilotons, USD Million)
- Table 7 Magnetic Materials market estimates and forecasts, in energy 2017 - 2030 (Kilotons, USD Million)
- Table 8 Magnetic Materials market estimates and forecasts, in other applications, 2017 - 2030 (Kilotons, USD Million)
- Table 9 North America magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 10 North America magnetic materials market estimates and forecasts, by type, 2017- 2030(Kilotons, USD Million)
- Table 11 North America magnetic materials market estimates and forecasts, by application, 2017- 2030 (Kilotons, USD Million)
- Table 12 U.S. magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 13 U.S. magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- Table 14 U.S. magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- Table 15 Canada magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 16 Canada magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- Table 17 Canada magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- Table 18 Mexico magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 19 Mexico magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- Table 20 Mexico magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- Table 21 Europe magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 22 Europe magnetic materials market estimates and forecasts, by type, 2017- 2030 (Kilotons, USD Million)
- Table 23 Europe magnetic materials market estimates and forecasts, by application, 2017- 2030 (Kilotons, USD Million)
- Table 24 Germany magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 25 Germany magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- Table 26 Germany magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- Table 27 Italy magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 28 Italy magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- Table 29 Italy magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- Table 30 Turkey magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 31 Turkey magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- Table 32 Turkey magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- Table 33 Russia magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 34 Russia magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- Table 35 Russia magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- Table 36 Asia Pacific magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 37 Asia Pacific magnetic materials market estimates and forecasts, by type, 2017- 2030 (Kilotons, USD Million)
- Table 38 Asia Pacific magnetic materials market estimates and forecasts, by application, 2017- 2030 (Kilotons, USD Million)
- Table 39 China magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 40 China magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- Table 41 China magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- Table 42 Japan magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 43 Japan magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- Table 44 Japan magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- Table 45 India magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 46 India magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- Table 47 India magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- Table 48 South Korea magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 49 South Korea magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- Table 50 South Korea magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- Table 51 Central & South America magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 52 Central & South America magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- Table 53 Central & South America magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- Table 54 Brazil magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 55 Brazil magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- Table 56 Brazil magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- Table 57 Middle East & Africa magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 58 Middle East & Africa magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- Table 59 Middle East & Africa magnetic materials market estimates and forecasts, by application, 2017 - 2030 (Kilotons, USD Million)
- Table 60 South Africa magnetic materials market estimates and forecasts, 2017 - 2030 (Kilotons, USD Million)
- Table 61 South Africa magnetic materials market estimates and forecasts, by type, 2017 - 2030 (Kilotons, USD Million)
- Table 62 South Africa magnetic materials market estimates and forecasts, by application, 2017 - 2030
List of Figures
- Fig. 1 Magnetic materials market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research process
- Fig. 5 Primary research approaches
- Fig. 6 Market snapshot
- Fig. 7 Segment outlook
- Fig. 8 Penetration & growth prospect mapping
- Fig. 9 Value chain analysis
- Fig. 10 Market dynamics
- Fig. 11 Market driver analysis
- Fig. 12 Market restraint analysis
- Fig. 13 Magnetic materials market: Type movement analysis, 2021 & 2030 (%)
- Fig. 14 Magnetic materials market: Application movement analysis, 2021 & 2030 (%)
- Fig. 15 Magnetic materials market: Regional movement analysis, 2021 & 2030 (%)
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