MARKET OVERVIEW
Magnetic materials are substances that are attracted towards a magnet when an external magnetic field applied on them. Magnetic materials are magnetized in the applied magnetic field because they have induced magnetic moments. Magnetism ascends from the magnetic moment of the magnetic materials. Iron, cobalt, nickel, neodymium, and samarium cobalt are the most commonly used five magnetic materials as they reflect favourable magnetic properties. The behaviour of magnetism in materials is closely related to the properties of their constituent atoms, particularly the behaviour of their electrons. The home entertainment products market relies on magnetic materials in applications including loudspeakers, CD players, televisions, PCs, and games consoles. Besides, surging demand for electronic devices such as tablets, smartphones, laptops, and televisions will boost the overall industry growth.
MARKET DYNAMICS
The magnetic materials market is expected to grow substantially during the forecast period. The growth is attributed to increasing application in the automotive sector. Magnetic materials, including materials used in power steering systems, electric motors, sensors, and actuators, are crucial in various automotive applications. The demand for electric and hybrid vehicles has been steadily increasing, which, in turn, boosting the permanent magnets demand. Permanent magnets are used in wind turbines for power generation, while magnetic elements are utilized in inverters, solar panels, and energy storage systems. The expansion of renewable energy installations is likely to boost the magnetic material products demand in coming years. Many companies are shifting their focus towards developing new and innovative products in the magnetic materials market. The increasing demand for magnetic materials drives the properties and new applications because of technological advancement. However, the cost of magnetic raw materials, manufacturing, and processing are high, which may hinder growth.
MARKET SCOPE AND REPORT FEATURES
The "Global Magnetic Materials Market Analysis to 2030" is a specialized and in-depth study with a major focus on the global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation by type, application, and geography. The global magnetic materials market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of magnetic materials worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the magnetic materials market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in magnetic materials market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global magnetic materials market, which helps understand the entire supply chain and various factors affecting the market growth.
SEGMENTAL ANALYSIS
The global magnetic materials market is segmented on the basis of type and application. Based on type, the magnetic materials market is segmented as soft magnet, semi-hard magnet, and hard/permanent magnet. On the basis of application, the market is classified as automotive, electronics, power generation, and others.
Based on type, the semi-hard magnet segment accounts for a significant share which can be attributed to its common use in magnetic materials applications. Magnetically, the semi-hard materials fall into the category between soft magnetic and permanent magnetic materials with respect to coercivity. In magnetic recording, semihard material either in particulate or thin film form is processed into tape or disk media. Semi-hard magnet materials function well in devices such as hysteresis-coupled drives, braking systems and compass. They are designed to have specific magnetic properties suitable for various applications where low coercivity, high permeability, and minimal losses are desired. However, the combination of these properties the soft magnet materials highly desirable for a wide range of applications, including transformers, inductors, magnetic sensors, electric motors, generators, and other electromagnetic devices where efficient energy conversion and minimal losses are essential.
REGIONAL INSIGHTS
The report provides a detailed overview of the global magnetic materials market with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia-Pacific is estimated to account for a significant share of the market. China and India, particularly have highly developed power generation sectors and have made substantial investments in the electronics and automotive industries. The progression in this sector has led to increased demand for magnetic materials, which are essential components in various applications, including power generation, electronics, and automotive systems. The Asia Pacific region is facing growing environmental concerns related to air pollution and carbon emission. Magnetic converters are needed to convert solar or wind energy into electrical energy. Thus, continuous development of renewable energy sectors in Asia-Pacific is a boost to drive the market for magnetic materials.
MARKET PLAYERS
Some of the key players operating in the magnetic materials market include Daido Steel Co Ltd, Dexter Magnetic Technologies, Dura Magnetics, Kaiven Magnet Co, Lynas Corporation Ltd, Molycorp Magnequench, Shin-Etsu Chemical Co Ltd, TDK Corp, Toshiba Materials Co Ltd, FJ Industries A/S, Arnold Magnetic Technologies, and Hitachi Metals, Ltd among others.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Magnetic Materials Market - By Type
1.3.2 Magnetic Materials Market - By Application
1.3.3 Magnetic Materials Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MAGNETIC MATERIALS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MAGNETIC MATERIALS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MAGNETIC MATERIALS MARKET - GLOBAL MARKET ANALYSIS
6.1. MAGNETIC MATERIALS - GLOBAL MARKET OVERVIEW
6.2. MAGNETIC MATERIALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MAGNETIC MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SEMI-HARD MAGNET
7.3.1. Overview
7.3.2. Semi-Hard Magnet Market Forecast and Analysis
7.4. SOFT MAGNET
7.4.1. Overview
7.4.2. Soft Magnet Market Forecast and Analysis
7.5. HARD OR PERMANENT MAGNET
7.5.1. Overview
7.5.2. Hard or Permanent Magnet Market Forecast and Analysis
8. MAGNETIC MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. ELECTRONICS
8.4.1. Overview
8.4.2. Electronics Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
8.6. POWER GENERATION
8.6.1. Overview
8.6.2. Power Generation Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. MAGNETIC MATERIALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Magnetic Materials Market Overview
9.1.2 North America Magnetic Materials Market Forecasts and Analysis
9.1.3 North America Magnetic Materials Market Forecasts and Analysis - By Type
9.1.4 North America Magnetic Materials Market Forecasts and Analysis - By Application
9.1.5 North America Magnetic Materials Market Forecasts and Analysis - By Countries
9.1.5.1 United States Magnetic Materials Market
9.1.5.1.1 United States Magnetic Materials Market by Type
9.1.5.1.2 United States Magnetic Materials Market by Application
9.1.5.2 Canada Magnetic Materials Market
9.1.5.2.1 Canada Magnetic Materials Market by Type
9.1.5.2.2 Canada Magnetic Materials Market by Application
9.1.5.3 Mexico Magnetic Materials Market
9.1.5.3.1 Mexico Magnetic Materials Market by Type
9.1.5.3.2 Mexico Magnetic Materials Market by Application
9.2. EUROPE
9.2.1 Europe Magnetic Materials Market Overview
9.2.2 Europe Magnetic Materials Market Forecasts and Analysis
9.2.3 Europe Magnetic Materials Market Forecasts and Analysis - By Type
9.2.4 Europe Magnetic Materials Market Forecasts and Analysis - By Application
9.2.5 Europe Magnetic Materials Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Magnetic Materials Market
9.2.5.1.1 Germany Magnetic Materials Market by Type
9.2.5.1.2 Germany Magnetic Materials Market by Application
9.2.5.2 France Magnetic Materials Market
9.2.5.2.1 France Magnetic Materials Market by Type
9.2.5.2.2 France Magnetic Materials Market by Application
9.2.5.3 Italy Magnetic Materials Market
9.2.5.3.1 Italy Magnetic Materials Market by Type
9.2.5.3.2 Italy Magnetic Materials Market by Application
9.2.5.4 United Kingdom Magnetic Materials Market
9.2.5.4.1 United Kingdom Magnetic Materials Market by Type
9.2.5.4.2 United Kingdom Magnetic Materials Market by Application
9.2.5.5 Russia Magnetic Materials Market
9.2.5.5.1 Russia Magnetic Materials Market by Type
9.2.5.5.2 Russia Magnetic Materials Market by Application
9.2.5.6 Rest of Europe Magnetic Materials Market
9.2.5.6.1 Rest of Europe Magnetic Materials Market by Type
9.2.5.6.2 Rest of Europe Magnetic Materials Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Magnetic Materials Market Overview
9.3.2 Asia-Pacific Magnetic Materials Market Forecasts and Analysis
9.3.3 Asia-Pacific Magnetic Materials Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Magnetic Materials Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Magnetic Materials Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Magnetic Materials Market
9.3.5.1.1 Australia Magnetic Materials Market by Type
9.3.5.1.2 Australia Magnetic Materials Market by Application
9.3.5.2 China Magnetic Materials Market
9.3.5.2.1 China Magnetic Materials Market by Type
9.3.5.2.2 China Magnetic Materials Market by Application
9.3.5.3 India Magnetic Materials Market
9.3.5.3.1 India Magnetic Materials Market by Type
9.3.5.3.2 India Magnetic Materials Market by Application
9.3.5.4 Japan Magnetic Materials Market
9.3.5.4.1 Japan Magnetic Materials Market by Type
9.3.5.4.2 Japan Magnetic Materials Market by Application
9.3.5.5 South Korea Magnetic Materials Market
9.3.5.5.1 South Korea Magnetic Materials Market by Type
9.3.5.5.2 South Korea Magnetic Materials Market by Application
9.3.5.6 Rest of Asia-Pacific Magnetic Materials Market
9.3.5.6.1 Rest of Asia-Pacific Magnetic Materials Market by Type
9.3.5.6.2 Rest of Asia-Pacific Magnetic Materials Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Magnetic Materials Market Overview
9.4.2 Middle East and Africa Magnetic Materials Market Forecasts and Analysis
9.4.3 Middle East and Africa Magnetic Materials Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Magnetic Materials Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Magnetic Materials Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Magnetic Materials Market
9.4.5.1.1 South Africa Magnetic Materials Market by Type
9.4.5.1.2 South Africa Magnetic Materials Market by Application
9.4.5.2 Saudi Arabia Magnetic Materials Market
9.4.5.2.1 Saudi Arabia Magnetic Materials Market by Type
9.4.5.2.2 Saudi Arabia Magnetic Materials Market by Application
9.4.5.3 U.A.E Magnetic Materials Market
9.4.5.3.1 U.A.E Magnetic Materials Market by Type
9.4.5.3.2 U.A.E Magnetic Materials Market by Application
9.4.5.4 Rest of Middle East and Africa Magnetic Materials Market
9.4.5.4.1 Rest of Middle East and Africa Magnetic Materials Market by Type
9.4.5.4.2 Rest of Middle East and Africa Magnetic Materials Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Magnetic Materials Market Overview
9.5.2 South and Central America Magnetic Materials Market Forecasts and Analysis
9.5.3 South and Central America Magnetic Materials Market Forecasts and Analysis - By Type
9.5.4 South and Central America Magnetic Materials Market Forecasts and Analysis - By Application
9.5.5 South and Central America Magnetic Materials Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Magnetic Materials Market
9.5.5.1.1 Brazil Magnetic Materials Market by Type
9.5.5.1.2 Brazil Magnetic Materials Market by Application
9.5.5.2 Argentina Magnetic Materials Market
9.5.5.2.1 Argentina Magnetic Materials Market by Type
9.5.5.2.2 Argentina Magnetic Materials Market by Application
9.5.5.3 Rest of South and Central America Magnetic Materials Market
9.5.5.3.1 Rest of South and Central America Magnetic Materials Market by Type
9.5.5.3.2 Rest of South and Central America Magnetic Materials Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MAGNETIC MATERIALS MARKET, KEY COMPANY PROFILES
11.1. ARNOLD MAGNETIC TECHNOLOGIES
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DAIDO STEEL CO. LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DEXTER MAGNETIC TECHNOLOGIES
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DURA MAGNETICS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HITACHI METALS LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KAIVEN MAGNET CO.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LYNAS CORPORATION LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MOLYCORP MAGNEQUENCH
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SHIN-ETSU CHEMICAL CO. LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TDK CORP.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Arnold Magnetic Technologies
2. Daido Steel Co. Ltd.
3. Dexter Magnetic Technologies
4. Dura Magnetics
5. Hitachi Metals Ltd.
6. Kaiven Magnet Co.
7. Lynas Corporation Ltd.
8. Molycorp Magnequench
9. Shin-Etsu Chemical Co. Ltd.
10. TDK Corp.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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