Global Magnet Market Research Report Information by Type (Ferrite, Neodymium Iron Boron, Aluminium Nickel Cobalt, Aluminium Nickel Cobalt) By End Use (Electronics, Automotive, Medical, Energy, Industrial, and others) and By Region- Forecast to 2030

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Magnet Market Research Report Information by Type (Ferrite, Neodymium Iron Boron, Aluminium Nickel Cobalt, Aluminium Nickel Cobalt) By End Use (Electronics, Automotive, Medical, Energy, Industrial, and others) and By Region -Global Forecast to 2030

Market Overview

The Magnet industry is projected to grow from USD 9,737.5 million in 2023 to USD 17,695.6 million by 2030, exhibiting a compound annual growth rate (CAGR) of 8.91% during the forecast period (2023 - 2030). The demand for magnetic products spans a wide spectrum, reflecting their versatile applications across industries. Permanent magnets, such as neodymium magnets and ferrite magnets, are sought after in consumer electronics for their role in miniaturized speakers and electric motors. In the automotive sector, magnets power electric vehicle drivetrains and contribute to energy efficiency, fostering their growing demand. Electromagnets, on the other hand, are crucial in applications like MRI machines in the healthcare sector, where their powerful magnetic fields enable non-invasive diagnostics. Magnetic materials used in data storage devices are experiencing renewed interest due to the ever-increasing need for high-capacity data storage solutions.

Furthermore, the global transition to electric vehicles has far-reaching ramifications for the automotive sector and, by extension, the magnet business. Magnets play an important role in the propulsion systems of electric vehicles, particularly electric motors. Recent instances, such as Tesla's electric motor advancements, have had a major influence. These inventions use high-performance magnets to deliver amazing acceleration and economy, setting new records in the automotive industry. As the EV sector grows, the magnet market evolves to meet the increased demand for these vehicles.

The link between these market dynamics is clear. The demand for compact, powerful magnets crosses industry borders, prompting manufacturers to expand their product offers and investigate alternate magnet materials. This approach encourages innovation while emphasizing environmentally friendly solutions and supply chain resilience to ensure responsible and sustainable operations.

Magnets are more than just components; they are the driving force behind the efficient operation of cutting-edge technologies. This dynamic synergy between consumer behaviors, technological progress, and the magnetic materials industry emphasizes magnets' critical role in fuelling digital-age breakthroughs. The increasing demand for consumer electronics is more than simply a trend; it is the driving force behind the growing demand for powerful, small, and multifunctional magnets. As we embrace the revolutionary wave of the digital age, magnets remain crucial enablers of modern businesses, driving advancements across the consumer electronics sector.

Market Segmentation

The Magnet Market is classified into four types: ferrite, neodymium iron boron, aluminum nickel cobalt, and samarium cobalt.

The Magnet Market is divided into several end-use categories, including electronics, automotive, medical, energy, and industrial.

Regional Insights

The Magnet market is divided into five regions: North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The Asia-Pacific Magnet market had the largest market share and is predicted to account for a sizable revenue share over the forecast period. Because of its status as a worldwide manufacturing hub, Asia-Pacific has emerged as a dominant participant in the Magnet Market. The region is a manufacturing powerhouse, producing a wide range of magnet-intensive items on a constant basis. Magnets are used in a wide range of manufacturing processes, including consumer electronics and automobile components. The region's massive production across several sectors generates significant demand for magnets, cementing its market leadership.

Key Players

The major players in the Magnet Market are PROTERIAL, Ltd., TDK Corporation, Shin-Etsu Chemical Co., Ltd and Adams Magnetic Products Co.

Product Code: MRFR/CnM/19184-CR

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 GLOBAL MAGNET MARKET, BY TYPE
- 1.1.2 GLOBAL MAGNET MARKET, BY END USE
- 1.1.3 GLOBAL MAGNET MARKET, BY REGION

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
2.4 KEY IMPLEMENTATION CRITERIA

3 RESEARCH METHODOLOGY

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 RISING DEMAND FOR CONSUMER ELECTRONICS
- 4.2.2 GROWING DEMAND FOR MAGNET SOLUTIONS IN THE RENEWABLE ENERGY SECTOR
4.3 RESTRAINTS
- 4.3.1 RECYCLING AND SUSTAINABILITY CHALLENGES
4.4 OPPORTUNITIES
- 4.4.1 HIGH DEMAND FOR HYBRID AND ELECTRIC VEHICLES

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY/VALUE CHAIN ANALYSIS
5.2 PORTER FIVE FORCES
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 BARGAINING POWER OF BUYERS
- 5.2.4 THREAT OF SUBSTITUTES:
- 5.2.5 COMPETITIVE RIVALRY
5.3 IMPACT OF CORONAVIRUS OUTBREAK ON THE GLOBAL MAGNET MARKET
- 5.3.1 OVERVIEW OF SUPPLY AND DEMAND SCENARIO
- 5.3.2 IMPACT OF COVID-19 ON SUPPLY CHAIN ANALYSIS

6 GLOBAL MAGNET MARKET, BY TYPE

6.1 INTRODUCTION
6.2 FERRITE
6.3 NEODYMIUM IRON BORON
6.4 ALUMINIUM NICKEL COBALT
6.5 SAMARIUM COBALT

7 GLOBAL MAGNET MARKET, BY END USE

7.1 INTRODUCTION
7.2 ELECTRONICS
7.3 AUTOMOTIVE
7.4 MEDICAL
7.5 ENERGY
7.6 INDUSTRIALS
7.7 OTHER

8 GLOBAL MAGNET MARKET, BY REGION

9.1 OVERVIEW
9.2 NORTH AMERICA
- 9.2.1 U.S.
- 9.2.2 CANADA
9.3 EUROPE
- 9.3.1 GERMANY
- 9.3.2 U.K.
- 9.3.3 FRANCE
- 9.3.4 ITALY
- 9.3.5 SPAIN
- 9.3.6 RUSSIA
- 9.3.7 REST OF EUROPE
9.4 ASIA-PACIFIC
- 9.4.1 CHINA
- 9.4.2 INDIA
- 9.4.3 JAPAN
- 9.4.4 SOUTH KOREA
- 9.4.5 REST OF APAC
9.5 MEA (MIDDLE EAST AND AFRICA)
- 9.5.1 GCC
- 9.5.2 SOUTH AFRICA
- 9.5.3 ROMEA
9.6 LATIN AMERICA
- 9.6.1 BRAZIL
- 9.6.2 MEXICO
- 9.6.3 ARGENTINA
- 9.6.4 ROLA (REST OF LATIN AMERICA)

10 COMPETITIVE LANDSCAPE

10.1 MARKET SHARE ANALYSIS
10.2 COMPETITIVE BENCHMARKING

11 COMPANY PROFILES

11.1 TDK CORPORATION
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 TYPES AND SERVICES
- 11.1.4 SWOT ANALYSIS
- 11.1.5 KEY STRATEGIES
11.2 PROTERIAL, LTD
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 TYPES AND SERVICES
- 11.2.4 SWOT ANALYSIS
- 11.2.5 KEY STRATEGIES
11.3 SHIN-ETSU CHEMICAL CO., LTD
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 FINANCIAL OVERVIEW
- 11.3.3 TYPES AND SERVICES
- 11.3.4 NEELKANTH FINECHEM LLP: SWOT ANALYSIS
- 11.3.5 KEY STRATEGIES
11.4 ADAMS MAGNETIC PRODUCTS CO
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 TYPES AND SERVICES
- 11.4.4 SWOT ANALYSIS
- 11.4.5 KEY STRATEGIES
11.5 BUNTING MAGNETICS CO.
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 TYPES AND SERVICES
- 11.5.4 SWOT ANALYSIS
- 11.5.5 KEY STRATEGIES
11.6 ECLIPSE MAGNETICS
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 FINANCIAL OVERVIEW
- 11.6.3 TYPES AND SERVICES
- 11.6.4 SWOT ANALYSIS
- 11.6.5 KEY STRATEGIES
11.7 ELECTRON ENERGY CORPORATION (EEC)
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 TYPES AND SERVICES
- 11.7.4 SWOT ANALYSIS
- 11.7.5 KEY STRATEGIES
11.8 ARNOLD MAGNETIC TECHNOLOGIES (AMT)
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 FINANCIAL OVERVIEW
- 11.8.3 TYPES AND SERVICES
- 11.8.4 SWOT ANALYSIS
- 11.8.5 KEY STRATEGIES
11.9 NINGBO YUNSHENG CO., LTD. (NBSY)
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 TYPES AND SERVICES
- 11.9.4 SWOT ANALYSIS
- 11.9.5 KEY STRATEGIES
11.10 CHENGDU GALAXY MAGNETS (GALAXY MAGNETS)
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 TYPES AND SERVICES
- 11.9.4 SWOT ANALYSIS
- 11.9.5 KEY STRATEGIES