Magnet market is driven by factors such as rising demand for neodymium and dysprosium owing to enhanced
properties such as magnetization in small-size products with higher magnetic strength and enlarged pull force.
Additionally, rising adoption of low-costs manufacturing techniques such as powder method and hydrogen
decrepitating is expected to enhance the demand in the forecast period.
Magnet market is segmented into automotive, electronics, medical, aerospace, energy and industrial, based on end-
use. Electronics segment is anticipated to grow at a higher CAGR during the forecast period owing to rising demand
for smartphones, electrodynamic speakers and sensors. Also, a significant reduction in size of the product is
anticipated to drive the product in small size electronic devices.
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Based on application, the magnet industry is segmented into automotive and electrical. Automotive segment is
anticipated to grow at a higher CAGR during the forecast period owing to rising permanent magnet demand in the
electric braking, electric steering, electric throttle actuation, auto-clutch, and gearbox actuation. The demand for
automotive is generally high in the APAC region owing to rising demand for electric & hybrid vehicles. Also, factors
such as growth in disposable income in countries such as India, China and South Korea are expected to boost the
magnet industry.
Magnet market geographically spans North America, Latin America, Asia-Pacific, Europe, Middle-East and Africa. Latin
America is anticipated to rise at a higher CAGR during the forecast period owing to stable economic growth in this
region. Factors such as rising demand for permanent magnet, growth in disposable income is anticipated to propel the
market growth during the forecast period.
The key players in the magnet market include Hitachi Metals Ltd, Daido Steel Co Ltd, TDK Corporation, Shin-etsu
Chemical Co Ltd, Lynas Corporation Ltd, Arnold Magnetic Technologies Inc, Electron Energy Corporation, Tengam
Engineering, Bunting Magnetics, and Adams Magnetic Products Co Inc.
Table of Contents
1 Industry Overview of Magnet
2 Manufacturing Cost Structure Analysis of Magnet
3 Technical Data and Manufacturing Plants Analysis of Magnet
4 Global Magnet Overall Market Overview
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