This report is a detailed and comprehensive analysis for global Magnetic Materials market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
According to our (Global Info Research) latest study, the global Magnetic Materials market size was valued at US$ 8901 million in 2024 and is forecast to a readjusted size of USD 16250 million by 2031 with a CAGR of 9.1% during review period.
Magnetic materials can be divided into soft magnetic materials and hard magnetic materials according to the difficulty of demagnetization after magnetization. Materials that are easy to demagnetize after magnetization are called soft magnetic materials, and materials that are not easy to demagnetize are called hard magnetic materials. Magnetic materials are composed of ferromagnetic materials or ferrimagnetic materials. Under the action of an external magnetic field H, there must be a corresponding magnetization intensity M or magnetic induction intensity B. The curves of their changes with the magnetic field intensity H are called magnetization curves (MH or BH curves).
Global Magnetic Materials key players include DMEGC, LINGYI iTECH (GUANGDONG) COMPANY, Hitachi Metals, Ltd., TDG HOLDING CO., LTD, etc. Global top four manufacturers hold a share about 65%. China is the largest market, with a share over 70%, followed by Japan, and North America, both have a share over 15 percent. In terms of product, Permanent Magnetic Material is the largest segment, with a share about 65%. And in terms of application, the largest application is Consumer, followed by Communications, Computer, Automotive, etc.
Magnetic materials are key new materials and high-tech products, and have long been strongly supported by national industrial policies. For example, the "Guidelines for Industrial Structure Adjustment" issued by the National Development and Reform Commission encourages the application of rare earth permanent magnet materials in fields such as wind turbines, while the "Work Plan for Digital Transformation of Raw Materials Industry" issued by the Ministry of Industry and Information Technology and other nine departments has also promoted the digital transformation of the magnetic materials industry and the innovation of cutting-edge materials.
Growth of market demand
With the rapid development of emerging terminal markets such as new energy vehicles, wind power generation, robots, aerospace, and rail transportation, the demand for magnetic materials is also increasing. In particular, the rapid growth of the new energy vehicle market has effectively promoted the market demand for high-performance rare earth permanent magnet materials.
Technological progress and talent support
In the field of magnetic material research, China has made great progress, and the number of related patent applications has increased significantly. At the same time, with the continuous advancement of industry technology and the cultivation of high-end technical talents, it provides good technical support and talent guarantee for the development of the magnetic materials industry.
Environmental protection needs
With the improvement of global awareness of environmental protection, the demand for green industries and energy-saving products is becoming increasingly urgent. As an important functional material, magnetic materials play an important role in the conversion of electrical energy and kinetic energy, signal transmission, etc., which helps to promote energy conservation and emission reduction and sustainable development.
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The overall report focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity. The market outlook section gives a detailed analysis of market evolution, growth drivers, restraints, opportunities, and challenges, Porter’s 5 Force’s Framework, macroeconomic analysis, value chain analysis and pricing analysis that directly shape the market at present and over the forecasted period. The drivers and restraints cover the internal factors of the market whereas opportunities and challenges are the external factors that are affecting the market. The market outlook section also gives an indication of the trends influencing new business development and investment opportunities.
The Primary Objectives in This Report determine the size of the total market opportunity of global and key countries,assess the growth potential for Magnetic Materials and competitive factors affecting the marketplace,forecast future growth in each product and end-use market. Also,this report profiles key players in the global Magnetic Materials market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments.
Magnetic Materials market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by region, regional analysis covers North America (United States, Canada, and Mexico),Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe),Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia),South America (Brazil, Argentina, Colombia, and Rest of South America),Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa).
The report provides insights regarding the lucrative opportunities in the Magnetic Materials Market at the country level. The report also includes a precise cost, segments, trends, region, and commercial development of the major key players globally for the projected period.
The Magnetic Materials Market report comprehensively examines market structure and competitive dynamics. Researching the Magnetic Materials market entails a structured approach beginning with clearly defined objectives and a comprehensive literature review to understand the current landscape. Methodologies involve a mix of primary research through interviews, surveys, and secondary research from industry reports and databases. Sampling strategies ensure representation, while data analysis utilizes statistical and analytical techniques to identify trends, market sizing, and competitive landscapes. Key areas of focus include trend analysis, risk assessment, and forecasting. Findings are synthesized into a detailed report, validated through peer review or expert consultation, and disseminated to stakeholders, with ongoing monitoring to stay abreast of developments.
Global Info Research is a company that digs deep into global industry information to support enterprises with market strategies and in-depth market development analysis reports. We provides market information consulting services in the global region to support enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.
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