Permanent Magnet Market Size, Share, Trends, Growth 2032
Permanent Magnet Market By Type (Neodymium Iron Boron Magnet, Ferrite Magnet, Samarium Cobalt Magnet, Alnico Magnet, and Others) and By End-Use Industry (Industrial, Medical Technology, Aerospace & Defense, Consumer Electronics, Automotive, Environment & Energy, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 - 2032-
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 23.11 Billion | USD 48.72 Billion | 8.64% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & Offerings
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market research process
- 1.3.2. Market research methodology
- 1.3.3. Level 1: Primary Research
- 1.3.4. Level 2: Secondary Research
- 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report description and scope
- 1.1. Report Description
- Chapter 2. Executive Summary
- 2.1. Global Permanent Magnet market, 201-2025 (Kilotons) (USD Billion)
- 2.2. Permanent Magnet Market: Market Snapshot
- Chapter 3. Permanent Magnet market: Industry Analysis
- 3.1. Permanent Magnet: Market Dynamics
- 3.1.1. Introduction
- 3.1.2. Classification of Permanent Magnet Market
- 3.2. Value Chain Analysis
- 3.2.1. Permanent Magnet: Value Chain Analysis
- 3.3. Market DriversThe growing automotive industry of the Asia Pacific region
- 3.3.1. Development & modernization of infrastructure
- 3.4. Restraints
- 3.4.1. Huge investments required in R&D
- 3.4.2. Fluctuating costs of raw materials
- 3.5. Opportunity
- 3.5.1. Technological advancements
- 3.5.2. Rising demand for permanent magnets in hybrid electric vehicles
- 3.6. Porter's Five Forces Analysis
- 3.7. Market Attractiveness Analysis
- 3.7.1. Market attractiveness analysis by type
- 3.7.2. Market attractiveness analysis by end-use industry
- 3.7.3. Market attractiveness analysis by region
- 3.1. Permanent Magnet: Market Dynamics
- Chapter 4. Global Permanent Magnet market: Value Chain Analysis
- 4.1. Permanent Magnet: Value Chain Analysis
- 4.2. Permanent Magnet Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Permanent Magnet Raw Material Manufacturers List
- 4.2.3. Price Trends of Permanent Magnet Key Raw Materials
- 4.3. List of Potential Buyers
- 4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend
- Chapter 5. Global Permanent Magnet market: Competitive Landscape
- 5.1. Company Market Share Analysis
- 5.1.1. Global Permanent Magnet market: Company Market Share, 2018
- 5.2. Strategic Development
- 5.2.1. Acquisitions & Mergers
- 5.2.2. New Product Launch
- 5.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
- 5.2.4. Research and Development and Regional Expansion
- 5.3. Type Portfolio
- 5.1. Company Market Share Analysis
- Chapter 6. Global Permanent Magnet market: Type Overview
- 6.1. Global Permanent Magnet market Share, by Type, 2018 and 2025
- 6.2. Neodymium Iron Boron Magnet
- 6.2.1. Overview
- 6.2.2. Global Permanent Magnet market by Neodymium Iron Boron Magnet, 201-2025 (Kilotons) (USD Billion)
- 6.3. Ferrite Magnet
- 6.3.1. Overview
- 6.3.2. Global Permanent Magnet market by Ferrite Magnet, 201-2025 (Kilotons) (USD Billion)
- 6.4. Samarium Cobalt Magnet
- 6.4.1. Overview
- 6.4.2. Global Permanent Magnet Market by Samarium Cobalt Magnet, 201-2025 (Kilotons) (USD Billion)
- 6.5. Alnico Magnet
- 6.5.1. Overview
- 6.5.2. Global Permanent Magnet Market by Alnico Magnet, 201-2025 (Kilotons) (USD Billion)
- 6.6. Others
- 6.6.1. Overview
- 6.6.2. Global Permanent Magnet market by Others, 201-2025 (Kilotons) (USD Billion)
- Chapter 7. Global Permanent Magnet market: End-use Industry Overview
- 7.1. Global Permanent Magnet market Share, by End-use Industry, 2018 and 2025
- 7.2. Industrial
- 7.2.1. Overview
- 7.2.2. Global Permanent Magnet market for Industrial, 201-2025 (Kilotons) (USD Billion)
- 7.3. Medical Technology
- 7.3.1. Overview
- 7.3.2. Global Permanent Magnet market for Medical Technology, 201-2025 (Kilotons) (USD Billion)
- 7.4. Aerospace & Defense
- 7.4.1. Overview
- 7.4.2. Global Permanent Magnet Market for Aerospace & Defense, 201-2025 (Kilotons) (USD Billion)
- 7.5. Consumer Electronics
- 7.5.1. Overview
- 7.5.2. Global Permanent Magnet Market for Consumer Electronics, 201-2025 (Kilotons) (USD Billion)
- 7.6. Automotive
- 7.6.1. Overview
- 7.6.2. Global Permanent Magnet Market for Automotive, 201-2025 (Kilotons) (USD Billion)
- 7.7. Environment & Energy
- 7.7.1. Overview
- 7.7.2. Global Permanent Magnet Market for Environment & Energy, 201-2025 (Kilotons) (USD Billion)
- 7.8. Others
- 7.8.1. Overview
- 7.8.2. Global Permanent Magnet market for Others, 201-2025 (Kilotons) (USD Billion)
- Chapter 8. Global Permanent Magnet market: Regional Analysis
- 8.1. Global Permanent Magnet market: Regional overview
- 8.1.1. Global Permanent Magnet market Share, by Region, 2018 and 2025
- 8.2. North America
- 8.2.1. Overview
- 8.2.2. North America Permanent Magnet market Volume, by Type, 201-2025 (Kilotons)
- 8.2.3. North America Permanent Magnet Market Revenue, by Type, 201-2025 (USD Billion)
- 8.2.4. North America Permanent Magnet market Volume, by End-use Industry, 201-2025 (Kilotons)
- 8.2.5. North America Permanent MagnetMarket Revenue, by End-use Industry, 201-2025 (USD Billion)
- 8.2.6. The U.S.
- 8.2.6.1. The U.S. Permanent Magnet market Volume, by Type, 201-2025 (Kilotons)
- 8.2.6.2. The U.S. Permanent Magnet Market Revenue, by Type, 201-2025 (USD Billion)
- 8.2.6.3. The U.S. Permanent Magnet market Volume, by End-use Industry, 201-2025 (Kilotons)
- 8.2.6.4. The U.S. Permanent MagnetMarket Revenue, by End-use Industry, 201-2025 (USD Billion)
- 8.2.7. Rest of North America
- 8.2.7.1. Rest of North America Permanent Magnet market Volume, by Type, 201-2025 (Kilotons)
- 8.2.7.2. Rest of North America Permanent Magnet Market Revenue, by Type, 201-2025 (USD Billion)
- 8.2.7.3. Rest of North America Permanent Magnet market Volume, by End-use Industry, 201-2025 (Kilotons)
- 8.2.7.4. Rest of North America Permanent Magnet Market Revenue, by End-use Industry, 201-2025 (USD Billion)
- 8.3. Europe
- 8.3.1. Overview
- 8.3.2. Europe Permanent Magnet market Volume, by Type, 201-2025 (Kilotons)
- 8.3.3. Europe Permanent Magnet Market Revenue, by Type, 201-2025 (USD Billion)
- 8.3.4. Europe Permanent Magnet market Volume, by End-use Industry, 201-2025 (Kilotons)
- 8.3.5. Europe Permanent Magnet Market Revenue, by End-use Industry, 201-2025 (USD Billion)
- 8.3.6. UK
- 8.3.6.1. UK Permanent Magnet market Volume, by Type, 201-2025 (Kilotons)
- 8.3.6.2. UK Permanent Magnet Market Revenue, by Type, 201-2025 (USD Billion)
- 8.3.6.3. UK Permanent Magnet market Volume, by End-use Industry, 201-2025 (Kilotons)
- 8.3.6.4. UK Permanent Magnet Market Revenue, by End-use Industry, 201-2025 (USD Billion)
- 8.3.7. France
- 8.3.7.1. France Permanent Magnet market Volume, by Type, 201-2025 (Kilotons)
- 8.3.7.2. France Permanent Magnet Market Revenue, by Type, 201-2025 (USD Billion)
- 8.3.7.3. France Permanent Magnet market Volume, by End-use Industry, 201-2025 (Kilotons)
- 8.3.7.4. France Permanent Magnet Market Revenue, by End-use Industry, 201-2025 (USD Billion)
- 8.3.8. Germany
- 8.3.8.1. Germany Permanent Magnet market Volume, by Type, 201-2025 (Kilotons)
- 8.3.8.2. Germany Permanent MagnetMarket Revenue, by Type, 201-2025 (USD Billion)
- 8.3.8.3. Germany Permanent Magnet market Volume, by End-use Industry, 201-2025 (Kilotons)
- 8.3.8.4. Germany Permanent Magnet Market Revenue, by End-use Industry, 201-2025 (USD Billion)
- 8.3.9. Rest of Europe
- 8.3.9.1. Rest of Europe Permanent Magnet market Volume, by Type, 201-2025 (Kilotons)
- 8.3.9.2. Rest of Europe Permanent MagnetMarket Revenue, by Type, 201-2025 (USD Billion)
- 8.3.9.3. Rest of Europe Permanent Magnet market Volume, by End-use Industry, 201-2025 (Kilotons)
- 8.3.9.4. Rest of Europe Permanent Magnet Market Revenue, by End-use Industry, 201-2025 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Overview
- 8.4.2. Asia Pacific Permanent Magnet market Volume, by Type, 201-2025 (Kilotons)
- 8.4.3. Asia Pacific Permanent Magnet Market Revenue, by Type, 201-2025 (USD Billion)
- 8.4.4. Asia Pacific Permanent Magnet market Volume, by End-use Industry, 201-2025 (Kilotons)
- 8.4.5. Asia Pacific Permanent Magnet Market Revenue, by End-use Industry, 201-2025 (USD Billion)
- 8.4.6. China
- 8.4.6.1. China Permanent Magnet market Volume, by Type, 201-2025 (Kilotons)
- 8.4.6.2. China Permanent Magnet Market Revenue, by Type, 201-2025 (USD Billion)
- 8.4.6.3. China Permanent Magnet market Volume, by End-use Industry, 201-2025 (Kilotons)
- 8.4.6.4. China Permanent Magnet Market Revenue, by End-use Industry, 201-2025 (USD Billion)
- 8.4.7. Japan
- 8.4.7.1. Japan Permanent Magnet market Volume, by Type, 201-2025 (Kilotons)
- 8.4.7.2. Japan Permanent Magnet Market Revenue, by Type, 201-2025 (USD Billion)
- 8.4.7.3. Japan Permanent Magnet market Volume, by End-use Industry, 201-2025 (Kilotons)
- 8.4.7.4. Japan Permanent Magnet Market Revenue, by End-use Industry, 201-2025 (USD Billion)
- 8.4.8. India
- 8.4.8.1. India Permanent Magnet market Volume, by Type, 201-2025 (Kilotons)
- 8.4.8.2. India Permanent Magnet Market Revenue, by Type, 201-2025 (USD Billion)
- 8.4.8.3. India Permanent Magnet market Volume, by End-use Industry, 201-2025 (Kilotons)
- 8.4.8.4. India Permanent Magnet Market Revenue, by End-use Industry, 201-2025 (USD Billion)
- 8.4.9. Rest of Asia Pacific
- 8.4.9.1. Rest of Asia Pacific Permanent Magnet market Volume, by Type, 201-2025 (Kilotons)
- 8.4.9.2. Rest of Asia Pacific Permanent Magnet Market Revenue, by Type, 201-2025 (USD Billion)
- 8.4.9.3. Rest of Asia Pacific Permanent Magnet market Volume, by End-use Industry, 201-2025 (Kilotons)
- 8.4.9.4. Rest of Asia Pacific Permanent Magnet Market Revenue, by End-use Industry, 201-2025 (USD Billion)
- 8.5. Latin America
- 8.5.1. Latin America Permanent Magnet market Volume, by Type, 201-2025 (Kilotons)
- 8.5.2. Latin America Permanent MagnetMarket Revenue, by Type, 201-2025 (USD Billion)
- 8.5.3. Latin America Permanent Magnet market Volume, by End-use Industry, 201-2025 (Kilotons)
- 8.5.4. Latin America Permanent Magnet Market Revenue, by End-use Industry, 201-2025 (USD Billion)
- 8.5.5. Brazil
- 8.5.5.1. Brazil Permanent Magnet market Volume, by Type, 201-2025 (Kilotons)
- 8.5.5.2. Brazil Permanent Magnet Market Revenue, by Type, 201-2025 (USD Billion)
- 8.5.5.3. Brazil Permanent Magnet market Volume, by End-use Industry, 201-2025 (Kilotons)
- 8.5.5.4. Brazil Permanent Magnet Market Revenue, by End-use Industry, 201-2025 (USD Billion)
- 8.5.6. Rest of Latin America
- 8.5.6.1. Rest of Latin America Permanent Magnet market Volume, by Type, 201-2025 (Kilotons)
- 8.5.6.2. Rest of Latin America Permanent Magnet Market Revenue, by Type, 201-2025 (USD Billion)
- 8.5.6.3. Rest of Latin America Permanent Magnet market Volume, by End-use Industry, 201-2025 (Kilotons)
- 8.5.6.4. Rest of Latin America Permanent Magnet Market Revenue, by End-use Industry, 201-2025 (USD Billion)
- 8.6. The Middle East and Africa
- 8.6.1. The Middle East and Africa Permanent Magnet market Volume, by Type, 201-2025 (Kilotons)
- 8.6.2. The Middle East and Africa Permanent Magnet Market Revenue, by Type, 201-2025 (USD Billion)
- 8.6.3. The Middle East and Africa Permanent Magnet market Volume, by End-use Industry, 201-2025 (Kilotons)
- 8.6.4. The Middle East and Africa Permanent Magnet Market Revenue, by End-use Industry, 201-2025 (USD Billion)
- 8.1. Global Permanent Magnet market: Regional overview
- Chapter 9. Company Profiles
- 9.1. Hangzhou Group
- 9.1.1. Overview
- 9.1.2. Financials
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategy
- 9.1.5. Recent Developments
- 9.2. Daido Steel
- 9.2.1. Overview
- 9.2.2. Financials
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategy
- 9.2.5. Recent Developments
- 9.3. Adams Magnetic Products
- 9.3.1. Overview
- 9.3.2. Financials
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategy
- 9.3.5. Recent Developments
- 9.4. Shin-etsu Chemical
- 9.4.1. Overview
- 9.4.2. Financials
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategy
- 9.4.5. Recent Developments
- 9.5. Electron Energy Corp.
- 9.5.1. Overview
- 9.5.2. Financials
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategy
- 9.5.5. Recent Developments
- 9.6. Lynas Corporation
- 9.6.1. Overview
- 9.6.2. Financials
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategy
- 9.6.5. Recent Developments
- 9.7. Hitachi Metals
- 9.7.1. Overview
- 9.7.2. Financials
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategy
- 9.7.5. Recent Developments
- 9.8. Tengam Engineering
- 9.8.1. Overview
- 9.8.2. Financials
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategy
- 9.8.5. Recent Developments
- 9.9. TDK Corporation
- 9.9.1. Overview
- 9.9.2. Financials
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategy
- 9.9.5. Recent Developments
- 9.10. Bunting Magnetics
- 9.10.1. Overview
- 9.10.2. Financials
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategy
- 9.10.5. Recent Developments
- 9.11. Arnold Magnetic Technologies
- 9.11.1. Overview
- 9.11.2. Financials
- 9.11.3. Product Portfolio
- 9.11.4. Business Strategy
- 9.11.5. Recent Developments
- 9.1. Hangzhou Group
Table Of Figures
List of Figures
1. Global Permanent Magnet market Segmentation by Type, End-use Industry, and Region
2. Global Permanent Magnet market, 2016–2025 (Kilotons) (USD Billion)
3. Value Chain Analysis
4. Porter’s Five Forces Analysis
5. Market Attractiveness Analysis by Type
6. Market Attractiveness Analysis by End-use Industry
7. Market Attractiveness Analysis by Region
8. Global Permanent Magnet market Share, by Type, 2018 and 2025
9. Global Permanent Magnet market Share, by Neodymium Iron Boron Magnet, 2016–2025 (Kilotons) (USD Billion)
10. Global Permanent Magnet market Share, by Ferrite Magnet, 2016–2025 (Kilotons) (USD Billion)
11. Global Permanent Magnet market Share, by Samarium Cobalt Magnet, 2016–2025 (Kilotons) (USD Billion)
12. Global Permanent Magnet Market Share, by Alnico Magnet, 2016–2025 (Kilotons) (USD Billion)
13. Global Permanent Magnet Market Share, by Others, 2016–2025 (Kilotons) (USD Billion)
14. Global Permanent Magnet market Share, by End-use Industry, 2018 and 2025
15. Global Permanent Magnet market for Industrial, 2016–2025 (Kilotons) (USD Billion)
16. Global Permanent Magnet market for Medical Technology, 2016–2025 (Kilotons) (USD Billion)
17. Global Permanent Magnet Market for Aerospace & Defense, 2016–2025 (Kilotons) (USD Billion)
18. Global Permanent Magnet Market for Consumer Electronics, 2016–2025 (Kilotons) (USD Billion)
19. Global Permanent Magnet Market for Automotive, 2016–2025 (Kilotons) (USD Billion)
20. Global Permanent Magnet Market for Environment & Energy, 2016–2025 (Kilotons) (USD Billion)
21. Global Permanent Magnet market for Others, 2016–2025 (Kilotons) (USD Billion)
22. Global Permanent Magnet market Share, by Region, 2018 and 2025
23. North America Permanent Magnet market, 2016–2025 (Kilotons) (USD Billion)
24. Europe Permanent Magnet market, 2016–2025 (Kilotons) (USD Billion)
25. Asia Pacific Permanent Magnet market, 2016–2025 (Kilotons) (USD Billion)
26. Latin America Permanent Magnet market, 2016–2025 (Kilotons) (USD Billion)
27. The Middle East and Africa Permanent Magnet market, 2016–2025 (Kilotons) (USD Billion)
Table Of Tables
List of Tables
1. Global Permanent Magnet market Snapshot
2. Drivers for Permanent Magnet market: Impact Analysis
3. Restraints of Permanent Magnet market: Impact Analysis
4. North America Permanent Magnet market Volume, by Type, 2016–2025 (Kilotons)
5. North America Permanent Magnet Market Revenue, by Type, 2016–2025 (USD Billion)
6. North America Permanent Magnet market Volume, by End-use Industry, 2016–2025 (Kilotons)
7. North America Permanent Magnet Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
8. The U.S. Permanent Magnet market Volume, by Type, 2016–2025 (Kilotons)
9. The U.S. Permanent Magnet Market Revenue, by Type, 2016–2025 (USD Billion)
10. The U.S. Permanent Magnet market Volume, by End-use Industry, 2016–2025 (Kilotons)
11. The U.S. Permanent Magnet Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
12. Rest of North America Permanent Magnet Market Revenue, by Type, 2016–2025 (USD Billion)
13. Rest of North America Permanent Magnet Market Revenue, by Type, 2016–2025 (USD Billion)
14. Rest of North America Permanent Magnet market Volume, by End-use Industry, 2016–2025 (Kilotons)
15. Rest of North America Permanent Magnet Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
16. Europe Permanent Magnet market Volume, by Type, 2016–2025 (Kilotons)
17. Europe Permanent Magnet Market Revenue, by Type, 2016–2025 (USD Billion)
18. Europe Permanent Magnet market Volume, by End-use Industry, 2016–2025 (Kilotons)
19. Europe Permanent Magnet Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
20. UK Permanent Magnet market Volume, by Type, 2016–2025 (Kilotons)
21. UK Permanent Magnet Market Revenue, by Type, 2016–2025 (USD Billion)
22. UK Permanent Magnet market Volume, by End-use Industry, 2016–2025 (Kilotons)
23. UK Permanent Magnet Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
24. France Permanent Magnet market Volume, by Type, 2016–2025 (Kilotons)
25. France Permanent Magnet Market Revenue, by Type, 2016–2025 (USD Billion)
26. Europe Permanent Magnet market Volume, by End-use Industry, 2016–2025 (Kilotons)
27. Europe Permanent Magnet Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
28. Germany Permanent Magnet market Volume, by Type, 2016–2025 (Kilotons)
29. Germany Permanent Magnet Market Revenue, by Type, 2016–2025 (USD Billion)
30. Germany Permanent Magnet market Volume, by End-use Industry, 2016–2025 (Kilotons)
31. Germany Permanent Magnet Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
32. Rest of Europe Permanent Magnet market Volume, by Type, 2016–2025 (Kilotons)
33. Rest of Europe Permanent MagnetMarket Revenue, by Type, 2016–2025 (USD Billion)
34. Rest of Europe Permanent Magnet market Volume, by End-use Industry, 2016–2025 (Kilotons)
35. Rest of Europe Permanent Magnet Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
36. Asia Pacific Permanent Magnet market Volume, by Type, 2016–2025 (Kilotons)
37. Asia Pacific Permanent Magnet Market Revenue, by Type, 2016–2025 (USD Billion)
38. Asia Pacific Permanent Magnet market Volume, by End-use Industry, 2016–2025 (Kilotons)
39. Asia Pacific Permanent Magnet Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
40. China Permanent Magnet market Volume, by Type, 2016–2025 (Kilotons)
41. China Permanent Magnet Market Revenue, by Type, 2016–2025 (USD Billion)
42. China Permanent Magnet market Volume, by End-use Industry, 2016–2025 (Kilotons)
43. China Permanent MagnetMarket Revenue, by End-use Industry, 2016–2025 (USD Billion)
44. Japan Permanent Magnet market Volume, by Type, 2016–2025 (Kilotons)
45. Japan Permanent Magnet Market Revenue, by Type, 2016–2025 (USD Billion)
46. Japan Permanent Magnet market Volume, by End-use Industry, 2016–2025 (Kilotons)
47. Japan Permanent Magnet Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
48. India Permanent Magnet market Volume, by Type, 2016–2025 (Kilotons)
49. India Permanent Magnet Market Revenue, by Type, 2016–2025 (USD Billion)
50. India Permanent Magnet market Volume, by End-use Industry, 2016–2025 (Kilotons)
51. India Permanent Magnet Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
52. Rest of Asia Pacific Permanent Magnet market Volume, by Type, 2016–2025 (Kilotons)
53. Rest of Asia Pacific Permanent Magnet Market Revenue, by Type, 2016–2025 (USD Billion)
54. Rest of Asia Pacific Permanent Magnet market Volume, by End-use Industry, 2016–2025 (Kilotons)
55. Rest of Asia Pacific Permanent Magnet Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
56. Latin America Permanent Magnet market Volume, by Type, 2016–2025 (Kilotons)
57. Latin America Permanent Magnet Market Revenue, by Type, 2016–2025 (USD Billion)
58. Latin America Permanent Magnet market Volume, by End-use Industry, 2016–2025 (Kilotons)
59. Latin America Permanent Magnet Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
60. Brazil Permanent Magnet Market Revenue, by Type, 2016–2025 (Kilotons)
61. Brazil Permanent MagnetMarket Revenue, by Type, 2016–2025 (USD Billion)
62. Brazil Permanent Magnet market Volume, by End-use Industry, 2016–2025 (Kilotons)
63. Brazil Permanent Magnet Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
64. Rest of Latin America Permanent Magnet market Volume, by Type, 2016–2025 (Kilotons)
65. Rest of Latin America Permanent Magnet Market Revenue, by Type, 2016–2025 (USD Billion)
66. Rest of Latin America Permanent Magnet market Volume, by End-use Industry, 2016–2025 (Kilotons)
67. Rest of Latin America Permanent Magnet Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
68. The Middle East and Africa Permanent Magnet market Volume, by Type, 2016–2025 (Kilotons)
69. The Middle East and Africa Permanent MagnetMarket Revenue, by Type, 2016–2025 (USD Billion)
70. The Middle East and Africa Permanent Magnet market Volume, by End-use Industry, 2016–2025 (Kilotons)
71. The Middle East and Africa Permanent Magnet Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
Methodology
FrequentlyAsked Questions
A permanent magnet is a substance whose inherent qualities cause it to generate a persistent magnetic field. These magnets don't need an additional power source to maintain their magnetic field.
Manufacturing and materials science innovations are leading to the creation of stronger and more efficient permanent magnets, which will improve their uses across a wide range of sectors.
The global permanent magnet market size was evaluated at $23.11 billion in 2023 and is slated to hit $48.72 billion by the end of 2032.
The global permanent magnet market a CAGR of nearly 8.64% between 2024 and 2032.
The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.
Some key players of the global permanent magnet market are Hangzhou Group, Daido Steel, Adams Magnetic Products, Shin-Etsu Chemical, Electron Energy Corp., Lynas Corporation, Hitachi Metals, Tengam Engineering, TDK Corporation, Bunting Magnetics, and Arnold Magnetic Technologies.
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