Change Language

Select Language

Press Release:

Global Magnet Market to Grow at 5.5% During 2021-2026, Impelled by Significant Growth in Consumer Electronics Sector

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Global Magnet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global magnet market reached a value of US$ 20.7 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A magnet refers to any material that produces a magnetic field and is capable of attracting iron, nickel and cobalt and objects containing these metals. It is made of a group of materials called ferromagnetic metals, such as nickel and iron, which have the unique property of being able to be magnetized uniformly. Over the years, the demand for magnets has escalated around the world as they are used in a wide range of devices used today, from air-conditioners and washing machines to speakers and hybrid cars.

Magnets are used in various home appliances such as refrigerators, vacuum cleaners, lawnmowers and garden tractors. They also play a critical role in the functioning of multiple medical devices, particularly magnetic resonance imaging (MRI) machines, hearing aids, and ventricular assist devices (VAD). Besides this, their strong magnetic strength allows for significant product miniaturization, improved product performance and reduced manufacturing costs. Apart from this, the reduction in the emissions of CO2 and other greenhouse gases in line with the Kyoto Protocol is rapidly emerging as a major global agenda. Owing to this, governments of various countries are focusing on using energy-saving technologies and devices that can help them in reducing their carbon footprints. Moreover, manufacturers have introduced magnetic levitation (maglev), a relatively new transportation technology, in which non contacting vehicles travel safely at a speed of 250 to 300 miles-per-hour or higher while suspended, guided and propelled above a guideway by magnetic fields. This technology has the potential to grow in the near future, thereby creating a strong demand for magnets.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global magnet market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on magnet type and application.

Breakup by Magnet Type:

  • Ferrite
  • Neodymium Iron Boron (NdFeB)
  • Aluminium Nickel Cobalt (AlNiCo)
  • Samarium Cobalt (SmCo)


Amongst these, ferrite is the most popular type of magnets, accounting for the majority of the overall market share. They are used in speakers, MRI machines, DC motors, and magnet-based holders, lifters, separators, assemblies and tools.

Breakup by Application:

  • Computer Hard Disk Drives (HDD), CD, DVD
  • Hybrid Electric Vehicles
  • Electric Bicycles
  • Heating, Ventilating and Air Conditioners (HVAC)
  • Wind Turbines
  • Other Applications
    • Transducers and Loudspeakers
    • Magnetic Separation Equipment and Sorters
    • Magnetic Resonance Imaging (MRI)
    • Magnetic Braking Systems
    • Magnetically Levitated Transportation Systems
    • Medicine and Health
    • Credit Cards and other ID Cards
    • Traveling Waves Tubes (TWT)
    • Advertising and Promotional Products
    • Magnetic Refrigeration system
    • Nanotechnology
    • Military and Aerospace
    • Energy Storage Systems


At present, the major share of magnets is used in computer hard disk drives (HDD), CDs and DVDs, where the magnet is used both for driving the spindle motor and for positioning the read/write head.

Regional Insights:

  • China
  • Japan
  • USA
  • Europe
  • Other Regions


On the geographical front, China represents the world’s largest market for permanent magnets and currently accounts for nearly two-thirds of the global market.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, providing the detailed profiles of the major players operating in the industry.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Magnet Type, Application, Region
Region Covered China, Japan, USA, Europe, Other Regions
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

 

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
5   Global Permanent Magnet Market
    5.1    Market Overview
    5.2    Market Performance
       5.2.1    Volume Trends
       5.2.2    Value Trends
    5.3    Impact of COVID-19
    5.4    Market Breakup by Type
    5.5   Market Forecast
    5.6    Value Chain Analysis
    5.7    Pricing Mechanism and Profit Margins at Various Levels of the Supply Chain
    5.8   SWOT Analysis
          5.8.1    Overview
          5.8.2    Strengths
          5.8.3    Weaknesses
          5.8.4    Opportunities
          5.8.5    Threats
   5.9    Porter’s Five Forces Analysis
         5.9.1    Overview
         5.9.2    Bargaining Power of Buyers
         5.9.3    Bargaining Power of Suppliers
         5.9.4    Degree of Competition
         5.9.5    Threat of New Entrants
         5.9.6    Threat of Substitutes
    5.10    Key Success and Risk Factors for Manufacturers
6   Global Permanent Magnet Market by Magnet Type
    6.1    Ferrite
        6.1.1    Volume Trends
        6.1.2    Value Trends
        6.1.3    Market by Region
        6.1.4    Major Applications
        6.1.5    Market Forecast
    6.2    Neodymium Iron Boron (NdFeB)
        6.2.1    Volume Trends
        6.2.2    Value Trends
        6.2.3    Market by Region
        6.2.4    Major Applications
        6.2.5    Market Forecast
    6.3    Aluminium Nickel Cobalt (AlNiCo)
        6.3.1    Volume Trends
        6.3.2    Value Trends
        6.3.3    Market by Region
        6.3.4    Major Applications
        6.3.5    Market Forecast
    6.4    Samarium Cobalt (SmCo)
        6.4.1    Volume Trends
        6.4.2    Value Trends
        6.4.3    Market by Region
        6.4.4    Major Applications
        6.4.5    Market Forecast
7   Global Permanent Magnet Market by Region
    7.1    China
        7.1.1    Current and Historical Market Trends
        7.1.2    Market Forecast
    7.2    Japan
        7.2.1    Current and Historical Market Trends
        7.2.2    Market Forecast
    7.3    USA
        7.3.1    Current and Historical Market Trends
        7.3.2    Market Forecast
    7.4    Europe
        7.4.1    Current and Historical Market Trends
        7.4.2    Market Forecast
    7.5    Other Regions
        7.5.1    Current and Historical Market Trends
        7.5.2    Market Forecast
8   Global Permanent Magnet Market by Application
    8.1    Computer Hard Disk Drives (HDD), CD, DVD
    8.2    Hybrid Electric Vehicles
    8.3    Electric Bicycles
    8.4    Heating, Ventilating and Air Conditioners (HVAC)
    8.5    Wind Turbines
    8.6    Other Applications
        8.6.1    Transducers and Loudspeakers
        8.6.2    Magnetic Separation Equipment and Sorters
        8.6.3    Magnetic Resonance Imaging (MRI)
        8.6.4    Magnetic Braking Systems
        8.6.5    Magnetically Levitated Transportation Systems
        8.6.6    Medicine and Health
        8.6.7    Credit Cards and other ID Cards
        8.6.8    Travelling Waves Tubes (TWT)
        8.6.9    Advertising and Promotional Products
        8.6.10    Magnetic Refrigeration system
        8.6.11    Nanotechnology
        8.6.12    Military and Aerospace
        8.6.13    Energy Storage Systems
9   Key Players in the Global Magnet Market
10  Requirements for Setting-up a Permanent Magnet Manufacturing Plant
    10.1    Ferrite
        10.1.1    Manufacturing Process
        10.1.2    Raw Material Requirements
        10.1.3    Land and Construction Requirements
        10.1.4    Machinery and Infrastructure
        10.1.5    Machinery Pictures
        10.1.6    Plant Layout 
        10.1.7    Packaging Requirements 
        10.1.8    Utility Requirements
        10.1.9    Manpower Requirements  
    10.2    Neodymium Iron Boron (NdFeB)
        10.2.1    Manufacturing Process
        10.2.2    Raw Material Requirements
        10.2.3    Land and Construction Requirements
        10.2.4    Machinery and Infrastructure
        10.2.5    Machinery Pictures
        10.2.6    Plant Layout 
        10.2.7    Packaging Requirements 
        10.2.8    Utility Requirements
        10.2.9    Manpower Requirements  
     10.3    Samarium Cobalt (SmCo)
        10.3.1    Manufacturing Process
        10.3.2    Raw Material Requirements
        10.3.3    Land and Construction Requirements
        10.3.4    Machinery and Infrastructure
        10.3.5    Machinery Pictures
        10.3.6    Plant Layout 
        10.3.7    Packaging Requirements 
        10.3.8    Utility Requirements
        10.3.9    Manpower Requirements
11   Drivers of the Global Permanent Magnets Industry
12   Challenges Faced by the Magnet Industry
13   Import and Export Data of Permanent Magnets
     13.1    Exports
     13.2    Imports
 

List of Figures

Figure 1: History of Magnetic Materials    
Figure 2: Global: Permanent Magnet Market: Sales Volume (in 000’ Metric Tons), 2015-2020
Figure 3: Global: Permanent Magnet Market: Sales Value (in Billion US$), 2015-2020
Figure 4: Global: Permanent Magnet Market: Volume Breakup by Magnet Type (In %), 2015-2020
Figure 5: Global: Permanent Magnet Market: Value Breakup by Magnet Type (In %), 2015-2020
Figure 6: Global: Permanent Magnet Market Forecast: Sales Volume (in 000’ Metric Tons), 2021-2026 
Figure 7: Global: Permanent Magnet Market Forecast: Sales Value (in Billion US$), 2021-2026       
Figure 8: Global: Permanent Magnet Market Forecast: Volume Breakup by Magnet Type (in %), 2021-2026    
Figure 9: Global: Permanent Magnet Market Forecast: Value Breakup by Magnet Type (in %), 2021-2026    
Figure 10: Global: Permanent Magnet Market: Value Chain Analysis
Figure 11: Global: Permanent Magnet Market: Pricing Mechanism and Profit Margins at Various Levels of Supply Chain
Figure 12: Global: Permanent Magnet Market: SWOT Analysis
Figure 13: Global: Permanent Magnet Market: Porter's Five Forces Analysis
Figure 14: Global: Ferrite Magnet Market: Sales Volume (in Metric Tons), 2015-2020    
Figure 15: Global: Ferrite Magnet Market: Sales Value (in Million US$), 2015-2020 
Figure 16: Global: Ferrite Magnet Market: Breakup by Region (in %), 2015-2020
Figure 17: Global: Ferrite Magnet Market: Breakup by Application (in %)
Figure 18: Global: Ferrite Magnet Market Forecast: Sales Volume (in Metric Tons), 2021-2026    
Figure 19: Global: Ferrite Magnet Market Forecast: Sales Value (in Million US$), 2021-2026    
Figure 20: Global: Ferrite Magnet Market Forecast: Breakup by Region (in %), 2021-2026    
Figure 21: Global: Neodymium Iron Boron (NdFeB) Magnet Market: Sales Volume (in Metric Tons), 2015-2020 
Figure 22: Global: Neodymium Iron Boron (NdFeB) Magnet Market: Breakup by Region (in %), 2015-2020    
Figure 23: Global: Neodymium Iron Boron (NdFeB) Magnet Market: Breakup by Application (in %)    
Figure 24: Global: Neodymium Iron Boron (NdFeB) Magnet Market Forecast: Sales Volume (in Metric Tons), 2021-2026
Figure 25: Global: Neodymium Iron Boron (NdFeB) Magnet Market Forecast: Sales Value (in Million US$), 2021-2026   
Figure 26: Global: Neodymium Iron Boron (NdFeB) Magnet Market Forecast: Breakup by Region (in %), 2021-2026
Figure 27: Global: Aluminium Nickel Cobalt (AlNiCo) Magnet Market: Sales Volume (in Metric Tons), 2015-2020
Figure 28: Global: Aluminium Nickel Cobalt (AlNiCo) Magnet Market: Sales Value (in Million US$), 2015-2020
Figure 29: Global: Aluminium Nickel Cobalt (AlNiCo) Magnet Market: Breakup by Application (in %)
Figure 30: Global: Aluminium Nickel Cobalt (AlNiCo) Magnet Market: Breakup by Region (in %), 2015-2020
Figure 31: Global: Aluminium Nickel Cobalt (AlNiCo) Magnet Market Forecast: Sales Volume (in Metric Tons), 2021-2026
Figure 32: Global: Aluminium Nickel Cobalt (AlNiCo) Magnet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Aluminium Nickel Cobalt (AlNiCo) Magnet Market Forecast: Breakup by Region (in %), 2021-2026
Figure 34: Global: Samarium Cobalt (SmCo) Magnet Market: Sales Volume (in Metric Tons), 2015-2020
Figure 35: Global: Samarium Cobalt (SmCo) Magnet Market: Sales Value (in Million US$), 2015-2020
Figure 36: Global: Samarium Cobalt (SmCo) Magnet Market: Breakup by Application (in %)
Figure 37: Global: Samarium Cobalt (SmCo) Magnet Market: Breakup by Region (in %), 2015-2020
Figure 38: Global: Samarium Cobalt (SmCo) Magnet Market Forecast: Sales Volume (in Metric Tons), 2021-2026
Figure 39: Global: Samarium Cobalt (SmCo) Magnet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Samarium Cobalt (SmCo) Magnet Market Forecast: Breakup by Region (in %), 2021-2026
Figure 41: Global: Permanent Magnet Market: Breakup by Region (in %), 2015-2020 
Figure 42: Global: Permanent Magnet Market Forecast: Breakup by Region (in %), 2021-2026
Figure 43: China: Permanent Magnet Market: Breakup by Magnet Type (in %), 2015-2020
Figure 44: China: Permanent Magnet Market Forecast: Breakup by Magnet Type (in %), 2021-2026
Figure 45: Japan: Permanent Magnet Market: Breakup by Magnet Type (in %), 2015-2020
Figure 46: Japan: Permanent Magnet Market Forecast: Breakup by Magnet Type (In %), 2021-2026
Figure 47: USA: Permanent Magnet Market: Breakup by Magnet Type (in %), 2015-2020
Figure 48: USA: Permanent Magnet Market Forecast: Breakup by Magnet Type (in %), 2021-2026
Figure 49: Europe: Permanent Magnet Market: Breakup by Magnet Type (in %), 2015-2020
Figure 50: Europe: Permanent Magnet Market Forecast: Breakup by Magnet Type (in %), 2021-2026
Figure 51: Other Countries: Permanent Magnet Market: Breakup by Magnet Type (in %), 2015-2020
Figure 52: Other Countries: Permanent Magnet Market Forecast: Breakup by Magnet Type (in %), 2021-2026
Figure 53: Global: Hard Disk Drive Market: Total Number of Shipments (in Million Units), 2015 & 2020
Figure 54: Global: Hard Disk Drive Market Forecast: Total Number of Shipments (in Million Units), 2021-2026
Figure 55: Global: Hybrid Electric Vehicle Market: Sales Volume (in Numbers), 2015-2020    
Figure 56: Global: Hybrid Electric Vehicle Market Forecast: Sales Volume (in Numbers), 2021-2026
Figure 57: Global: Electric Bicycles Market: Sales Volume (in Million Units), 2015-2020
Figure 58: Global: Electric Bicycles Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 59: Global: Air Conditioners Market: Sales Volume (in Million Units), 2015-2020
Figure 60: Global: Air Conditioners Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 61: Global: Wind Power Market: Capacity (in GW), 2015-2020
Figure 62: Ferrite Magnets: Manufacturing Process
Figure 63: Ferrite Magnets: Detailed Process Flow    
Figure 64: Ferrite Magnets: Raw Material Requirements
Figure 65: Ferrite Magnets: Plant Layout
Figure 66: Ferrite Magnets: Packaging Requirements
Figure 67: NdFeB Magnets: Manufacturing Process
Figure 68: NdFeB Magnets: Detailed Process Flow    
Figure 69: NdFeB Magnets: Raw Material Requirements
Figure 70: NdFeB Magnets: Plant Layout
Figure 71: NdFeB Magnets: Packaging Requirements
Figure 72: SmCo Magnets: Manufacturing Process
Figure 73: SmCo Magnets: Detailed Process Flow    
Figure 74: SmCo Magnets: Raw Material Requirements
Figure 75: SmCo Magnets: Plant Layout
Figure 76: SmCo Magnets: Packaging Requirements

List of Tables

Table 1: Major Applications of Permanent Magnets
Table 2: Overview of Various Permanent Magnets
Table 3: Global: Permanent Magnet Market: Breakup by Magnet Type (in Metric Tons), 2015-2020
Table 4: Global: Permanent Magnet Market: Breakup by Magnet Type (in Million US$), 2015-2020
Table 5: Global: Permanent Magnet Market Forecast: Breakup by Magnet Type (in Metric Tons), 2021-2026
Table 6: Global: Permanent Magnet Market Forecast: Breakup by Magnet Type (in Million US$), 2021-2026
Table 7: Global: Ferrite Magnet Market: Breakup by Region (in Metric Tons), 2015-2020
Table 8: Global: Ferrite Magnet Market Forecast: Breakup by Region (in Metric Tons), 2021-2026
Table 9: Global: Neodymium Iron Boron (NdFeB) Magnet Market: Breakup by Region (in Metric Tons), 2015-2020
Table 10: Global: Neodymium Iron Boron (NdFeB) Magnet Market Forecast: Breakup by Region (in Metric Tons), 2021-2026
Table 11: Global: Aluminium Nickel Cobalt (AlNiCo) Magnet Market: Breakup by Region (in Metric Tons), 2015-2020
Table 12: Global: Aluminium Nickel Cobalt (AlNiCo) Magnet Market Forecast: Breakup by Region (in Metric Tons), 2021-2026
Table 13: Global: Samarium Cobalt (SmCo) Magnet Market: Breakup by Region (in Metric Tons), 2015-2020
Table 14: Global: Samarium Cobalt (SmCo) Magnet Market Forecast: Breakup by Region (in Metric Tons), 2021-2026
Table 15: Global: Permanent Magnet Market: Breakup by Region (in Metric Tons), 2015-2020
Table 16: Global: Permanent Magnet Market Forecast: Breakup by Region (in Metric Tons), 2021-2026
Table 17: China: Permanent Magnet Market: Breakup by Magnet Type (in Metric Tons), 2015-2020
Table 18: China: Permanent Magnet Market Forecast: Breakup by Magnet Type (in Metric Tons), 2021-2026
Table 19: Japan: Permanent Magnet Market: Breakup by Magnet Type (in Metric Tons), 2015-2020
Table 20: Japan: Permanent Magnet Market Forecast: Breakup by Magnet Type (in Metric Tons), 2021-2026
Table 21: USA: Permanent Magnet Market: Breakup by Magnet Type (in Metric Tons), 2015-2020
Table 22: USA: Permanent Magnet Market Forecast: Breakup by Magnet Type (in Metric Tons), 2021-2026
Table 23: Europe: Permanent Magnet Market: Breakup by Magnet Type (in Metric Tons), 2015-2020
Table 24: Europe: Permanent Magnet Market Forecast: Breakup by Magnet Type (in Metric Tons), 2021-2026
Table 25: Other Countries: Permanent Magnet Market: Breakup by Magnet Type (in Metric Tons), 2015-2020
Table 26: Other Countries: Permanent Magnet Market Forecast: Breakup by Magnet Type (in Metric Tons), 2021-2026
Table 27: China: Permanent Magnets Market: Key Manufacturers
Table 28: USA: Permanent Magnets Market: Key Manufacturers
Table 29: Japan: Permanent Magnets Market: Key Manufacturers
Table 30: Europe: Permanent Magnets Market: Key Manufacturers
Table 31: Ferrite Magnet Manufacturing Plant: Land and Construction Requirements
Table 32: Ferrite Magnet Manufacturing Plant: Machinery Requirements
Table 33: Ferrite Magnet Manufacturing Plant: Utility Requirements
Table 34: Ferrite Magnet Manufacturing Plant: Manpower Requirements 
Table 35: NdFeB Magnet Manufacturing Plant: Land and Construction Requirements
Table 36: NdFeB Magnet Manufacturing Plant: Machinery Requirements
Table 37: NdFeB Magnet Manufacturing Plant: Utility Requirements
Table 38: NdFeB Magnet Manufacturing Plant: Manpower Requirements 
Table 39: SmCo Magnet Manufacturing Plant: Land and Construction Requirements
Table 40: SmCo Magnet Manufacturing Plant: Machinery Requirements
Table 41: SmCo Magnet Manufacturing Plant: Utility Requirements
Table 42: SmCo Magnet Manufacturing Plant: Manpower Requirements

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Key Question Answered in this Report

The global magnet market was valued at US$ 20.7 Billion in 2020. 
 

We expect the global magnet market to exhibit a CAGR of 5.5% during 2021-2026.
 

The growing adoption of electric vehicles, along with a significant growth in the renewable energy sector, is currently catalyzing the global magnet market.
 

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries of magnets.
 

Based on the magnet type, the global magnet market can be segmented into ferrite, Neodymium Iron Boron (NdFeB), Aluminium Nickel Cobalt (AlNiCo), and Samarium Cobalt (SmCo). Currently, ferrite holds the majority of the total market share.
 

Based on the application, the global magnet market can be categorized into computer Hard Disk Drives (HDD), CD, DVD, hybrid electric vehicles, electric bicycles, Heating, Ventilating and Air Conditioners (HVAC), wind turbines, and other applications. Among these, computer Hard Disk Drives (HDD), CD, DVD currently account for the largest market share.
 

On a regional level, the market has been classified into China, Japan, USA, Europe, and other regions, where China currently dominates the global market.
 

Some of the major players in the global magnet market include Arnold Magnetic Technologies, Adams Magnetic Products Co., Inc., Hitachi Metals, Ltd., BGRIMM Magnetic Materials & Technology Co., Ltd, etc.

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Related Report

West Africa Ceramic Tiles Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Isophytol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Epoxy Curing Agent Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Smart Polymers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Spray Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Read More

Purchase Options




$ 2299

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )

Drop us an email at

sales@imarcgroup.com

Social Links