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Permanent Magnet Material Market Research Report 2025

Permanent Magnet Material Market Research Report 2025

Permanent Magnet Material Market Research Report 2025

Explore the Permanent Magnet Material Market Report 2025 covering market size, growth trends, key drivers, challenges, competitive landscape, and future forecast.

Pages: 250

Format: PDF

Date: 12-2025

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Description Table of Content Key Players & Segment Request for Free Sample

The Permanent Magnet Material Market is projected to grow steadily between 2025–2035, driven by demand in aerospace & defense, automotive, consumer electronics, energy, industrial, and medical applications. Permanent magnets such as Ferrite, NdFeB (Neodymium-Iron-Boron), SmCo (Samarium-Cobalt), and Alnico are critical for advanced technologies due to their high magnetic strength, durability, and efficiency. Rising adoption in electric vehicles (EVs), renewable energy systems, and miniaturized electronics is fueling global expansion.

Chem Reports estimates the market was valued at USD xxxx million in 2025 and is expected to reach USD xxxx million by 2035, growing at a CAGR of xx% globally.
Key growth drivers include:

  • Increasing demand for electric vehicles and hybrid vehicles.
  • Expansion of renewable energy systems (wind turbines, solar inverters).
  • Rising use in consumer electronics and medical devices.
  • Technological innovation in high-performance rare-earth magnets.

 Impact of COVID-19

The COVID-19 pandemic disrupted global supply chains and reduced industrial activity in 2020, significantly affecting the permanent magnet material market. Recovery has been supported by:

  • Increased demand for electronics and medical devices.
  • Rising investment in EV and renewable energy infrastructure.
  • Strategic focus on rare-earth supply chain resilience.

 Segmentation Analysis

By Type

  • Ferrite: Cost-effective, widely used in motors and speakers.
  • NdFeB (Neodymium-Iron-Boron): Strongest magnetic material, critical for EVs and wind turbines.
  • SmCo (Samarium-Cobalt): High-temperature resistance, used in aerospace and defense.
  • Alnico: Durable, used in sensors and industrial applications.

By Application

  • Aerospace & Defense: Navigation systems, actuators, and advanced weaponry.
  • Automotive: EV motors, sensors, and hybrid systems.
  • Consumer Electronics: Smartphones, speakers, and computing devices.
  • Energy: Wind turbines, solar inverters, and power generation.
  • Industrial: Robotics, automation, and manufacturing equipment.
  • Medical: MRI machines, diagnostic devices, and implants.
  • Others: Specialty applications in research and niche industries.

By Region

  • North America (U.S., Canada, Mexico): Strong demand from EV and defense industries.
  • Europe (Germany, U.K., France, Italy, Russia, Spain): Growth driven by renewable energy and automotive innovation.
  • Asia-Pacific (China, India, Japan, Southeast Asia): Fastest-growing region, led by rare-earth production and EV adoption.
  • South America (Brazil, Argentina): Moderate growth, supported by industrial expansion.
  • Middle East & Africa (Saudi Arabia, South Africa): Emerging demand in energy and industrial sectors.

 Key Players – Competitive Landscape

Global Leaders

  • Hitachi Metals Ltd. (Japan): Pioneer in advanced permanent magnet materials.
  • Daido Steel Co. Ltd. (Japan): Strong in rare-earth magnet production.
  • TDK Corporation (Japan): Leading supplier of electronic components and magnetic materials.
  • Shin-Etsu Chemical Co. Ltd. (Japan): Major producer of rare-earth magnets.

Specialists & Innovators

  • Arnold Magnetic Technologies (U.S.): Specialty magnets for aerospace and defense.
  • Electron Energy Corporation (U.S.): Innovator in SmCo magnets for high-performance applications.
  • Tengam Engineering Inc. (U.S.): Focus on custom magnet solutions.
  • Adams Magnetic Products Co. Inc. (U.S.): Supplier of industrial and consumer magnet products.
  • Bunting Magnetics Co. (U.S.): Strong in industrial and automation applications.

Regional Producers

  • Lynas Corporation Ltd. (Australia): Leading rare-earth supplier outside China.
  • Yantai Shougang Magnetic Materials Inc. (China): Large-scale producer of NdFeB magnets.
  • Galaxy Magnets (China): Regional supplier with strong domestic presence.

 Strategic Insights

  • Global Leaders (Hitachi, TDK, Shin-Etsu, Daido): Dominate with scale, innovation, and rare-earth integration.
  • Specialists (Arnold, Electron Energy, Bunting): Focus on niche high-performance applications.
  • Regional Producers (Lynas, Yantai Shougang, Galaxy): Compete on cost efficiency and rare-earth resource access.

 Competitive Trends

  • EV Growth: Rising demand for NdFeB magnets in electric motors.
  • Renewable Energy: Wind turbines driving demand for high-strength magnets.
  • Supply Chain Diversification: Efforts to reduce dependence on Chinese rare-earths.
  • Innovation: Development of high-temperature and corrosion-resistant magnets.
  • Sustainability: Recycling of rare-earth materials gaining traction.

Porter’s Five Forces

  1. Threat of New Entrants – Low to Moderate
    • High capital investment and rare-earth resource dependency create strong entry barriers.
    • Established players dominate with patents, technology, and supply chain control.
    • However, government-backed initiatives in rare-earth mining (e.g., outside China) may enable new entrants.
  2. Bargaining Power of Suppliers – High
    • Rare-earth elements (neodymium, samarium, cobalt) are concentrated in limited geographies (China, Australia).
    • Supply chain vulnerability and geopolitical risks increase supplier leverage.
  3. Bargaining Power of Buyers – Moderate to High
    • Automotive, electronics, and energy companies demand cost-effective, high-performance magnets.
    • Large OEMs (Tesla, Siemens, Samsung) exert strong negotiating power.
  4. Threat of Substitutes – Moderate
    • Alternatives include soft magnetic materials, superconductors, and induction systems.
    • However, permanent magnets remain unmatched in efficiency for EVs and wind turbines.
  5. Industry Rivalry – High
  • Intense competition among global leaders (Hitachi Metals, TDK, Shin-Etsu) and regional producers (Lynas, Galaxy Magnets).
  • Differentiation through innovation, sustainability, and rare-earth supply chain security.

 SWOT Analysis

Strengths

  • High magnetic strength and efficiency.
  • Essential for EVs, renewable energy, and electronics.
  • Established global players with advanced R&D.

Weaknesses

  • Heavy reliance on rare-earth supply chains.
  • High production costs for NdFeB and SmCo magnets.
  • Environmental concerns in rare-earth mining.

Opportunities

  • Rising demand for EVs and hybrid vehicles.
  • Expansion of renewable energy (wind turbines, solar inverters).
  • Innovation in recycling and sustainable rare-earth extraction.
  • Growth in medical imaging and aerospace applications.

Threats

  • Geopolitical risks in rare-earth supply (China dominance).
  • Stringent environmental regulations.
  • Competition from alternative technologies (superconductors, induction motors).

 Trend Analysis

  • EV Adoption: NdFeB magnets critical for electric motors, driving demand.
  • Renewable Energy: Wind turbines increasingly rely on high-strength magnets.
  • Supply Chain Diversification: Countries investing in rare-earth mining outside China (Australia, U.S.).
  • Recycling & Sustainability: Magnet recycling gaining traction to reduce dependency on mining.
  • Miniaturization: Consumer electronics require smaller, stronger magnets.
  • Defense & Aerospace: SmCo magnets used in high-temperature, high-performance applications.

 Drivers & Challenges

Drivers

  • Rising global EV production.
  • Expansion of renewable energy infrastructure.
  • Growth in consumer electronics and medical devices.
  • Technological innovation in high-performance magnets.

Challenges

  • Rare-earth supply chain vulnerability.
  • High production and processing costs.
  • Environmental concerns in mining and refining.
  • Intense competition requiring continuous innovation.

 Value Chain Analysis

  1. Raw Material Suppliers: Rare-earth mining companies (China, Lynas in Australia, U.S. initiatives).
  2. Magnet Manufacturers: Global leaders (Hitachi Metals, TDK, Shin-Etsu, Daido Steel).
  3. Specialty Producers: Arnold Magnetic Technologies, Electron Energy Corporation (SmCo, aerospace).
  4. Distributors: Industrial suppliers and logistics networks serving OEMs.
  5. End Users: Automotive (EVs), renewable energy (wind turbines), consumer electronics, medical imaging, aerospace & defense.
  6. Regulatory Bodies: Governments enforcing environmental and trade regulations on rare-earth mining and magnet production.

 

1. Market Overview of Permanent Magnet Material
    1.1 Permanent Magnet Material Market Overview
        1.1.1 Permanent Magnet Material Product Scope
        1.1.2 Market Status and Outlook
    1.2 Permanent Magnet Material Market Size by Regions:
    1.3 Permanent Magnet Material Historic Market Size by Regions
    1.4 Permanent Magnet Material Forecasted Market Size by Regions
    1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
        1.5.1 North America
        1.5.2 East Asia
        1.5.3 Europe
        1.5.4 South Asia
        1.5.5 Southeast Asia
        1.5.6 Middle East
        1.5.7 Africa
        1.5.8 Oceania
        1.5.9 South America
        1.5.10 Rest of the World
    1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
        1.6.1 Covid-19 Impact: Global GDP Growth,  Projections
        1.6.2 Covid-19 Impact: Commodity Prices Indices
        1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Permanent Magnet Material Sales Market by Type
    2.1 Global Permanent Magnet Material Historic Market Size by Type
    2.2 Global Permanent Magnet Material Forecasted Market Size by Type
    2.3 Ferrite
    2.4 NdFeb
    2.5 SmCo
    2.6 Alnico
3. Covid-19 Impact Permanent Magnet Material Sales Market by Application
    3.1 Global Permanent Magnet Material Historic Market Size by Application
    3.2 Global Permanent Magnet Material Forecasted Market Size by Application
    3.3 Aerospace & Defense
    3.4 Automotive
    3.5 Consumer Electronics
    3.6 Energy
    3.7 Industrial
    3.8 Medical
    3.9 Others
4. Covid-19 Impact Market Competition by Manufacturers
    4.1 Global Permanent Magnet Material Production Capacity Market Share by Manufacturers
    4.2 Global Permanent Magnet Material Revenue Market Share by Manufacturers
    4.3 Global Permanent Magnet Material Average Price by Manufacturers
5. Company Profiles and Key Figures in Permanent Magnet Material Business
    5.1 Hitachi Metals Ltd.
        5.1.1 Hitachi Metals Ltd. Company Profile
        5.1.2 Hitachi Metals Ltd. Permanent Magnet Material Product Specification
        5.1.3 Hitachi Metals Ltd. Permanent Magnet Material Production Capacity, Revenue, Price and Gross Margin
    5.2 Daido Steel Co. Ltd.
        5.2.1 Daido Steel Co. Ltd. Company Profile
        5.2.2 Daido Steel Co. Ltd. Permanent Magnet Material Product Specification
        5.2.3 Daido Steel Co. Ltd. Permanent Magnet Material Production Capacity, Revenue, Price and Gross Margin
    5.3 TDK Corporation
        5.3.1 TDK Corporation Company Profile
        5.3.2 TDK Corporation Permanent Magnet Material Product Specification
        5.3.3 TDK Corporation Permanent Magnet Material Production Capacity, Revenue, Price and Gross Margin
    5.4 Shin-ETSU Chemical Co. Ltd.
        5.4.1 Shin-ETSU Chemical Co. Ltd. Company Profile
        5.4.2 Shin-ETSU Chemical Co. Ltd. Permanent Magnet Material Product Specification
        5.4.3 Shin-ETSU Chemical Co. Ltd. Permanent Magnet Material Production Capacity, Revenue, Price and Gross Margin
    5.5 Arnold Magnetic Technologies
        5.5.1 Arnold Magnetic Technologies Company Profile
        5.5.2 Arnold Magnetic Technologies Permanent Magnet Material Product Specification
        5.5.3 Arnold Magnetic Technologies Permanent Magnet Material Production Capacity, Revenue, Price and Gross Margin
    5.6 Lynas Corporation Ltd.
        5.6.1 Lynas Corporation Ltd. Company Profile
        5.6.2 Lynas Corporation Ltd. Permanent Magnet Material Product Specification
        5.6.3 Lynas Corporation Ltd. Permanent Magnet Material Production Capacity, Revenue, Price and Gross Margin
    5.7 Electron Energy Corporation
        5.7.1 Electron Energy Corporation Company Profile
        5.7.2 Electron Energy Corporation Permanent Magnet Material Product Specification
        5.7.3 Electron Energy Corporation Permanent Magnet Material Production Capacity, Revenue, Price and Gross Margin
    5.8 Tengam Engineering Inc.
        5.8.1 Tengam Engineering Inc. Company Profile
        5.8.2 Tengam Engineering Inc. Permanent Magnet Material Product Specification
        5.8.3 Tengam Engineering Inc. Permanent Magnet Material Production Capacity, Revenue, Price and Gross Margin
    5.9 Adams Magnetic Products Co. Inc.
        5.9.1 Adams Magnetic Products Co. Inc. Company Profile
        5.9.2 Adams Magnetic Products Co. Inc. Permanent Magnet Material Product Specification
        5.9.3 Adams Magnetic Products Co. Inc. Permanent Magnet Material Production Capacity, Revenue, Price and Gross Margin
    5.10 Bunting Magnetics Co.
        5.10.1 Bunting Magnetics Co. Company Profile
        5.10.2 Bunting Magnetics Co. Permanent Magnet Material Product Specification
        5.10.3 Bunting Magnetics Co. Permanent Magnet Material Production Capacity, Revenue, Price and Gross Margin
    5.11 Yantai Shougang Magnetic Materials Inc.
        5.11.1 Yantai Shougang Magnetic Materials Inc. Company Profile
        5.11.2 Yantai Shougang Magnetic Materials Inc. Permanent Magnet Material Product Specification
        5.11.3 Yantai Shougang Magnetic Materials Inc. Permanent Magnet Material Production Capacity, Revenue, Price and Gross Margin
    5.12 Galaxy Magnets
        5.12.1 Galaxy Magnets Company Profile
        5.12.2 Galaxy Magnets Permanent Magnet Material Product Specification
        5.12.3 Galaxy Magnets Permanent Magnet Material Production Capacity, Revenue, Price and Gross Margin
6. North America
    6.1 North America Permanent Magnet Material Market Size
    6.2 North America Permanent Magnet Material Key Players in North America
    6.3 North America Permanent Magnet Material Market Size by Type
    6.4 North America Permanent Magnet Material Market Size by Application
7. East Asia
    7.1 East Asia Permanent Magnet Material Market Size
    7.2 East Asia Permanent Magnet Material Key Players in North America
    7.3 East Asia Permanent Magnet Material Market Size by Type
    7.4 East Asia Permanent Magnet Material Market Size by Application
8. Europe
    8.1 Europe Permanent Magnet Material Market Size
    8.2 Europe Permanent Magnet Material Key Players in North America
    8.3 Europe Permanent Magnet Material Market Size by Type
    8.4 Europe Permanent Magnet Material Market Size by Application
9. South Asia
    9.1 South Asia Permanent Magnet Material Market Size
    9.2 South Asia Permanent Magnet Material Key Players in North America
    9.3 South Asia Permanent Magnet Material Market Size by Type
    9.4 South Asia Permanent Magnet Material Market Size by Application
10. Southeast Asia
    10.1 Southeast Asia Permanent Magnet Material Market Size
    10.2 Southeast Asia Permanent Magnet Material Key Players in North America
    10.3 Southeast Asia Permanent Magnet Material Market Size by Type
    10.4 Southeast Asia Permanent Magnet Material Market Size by Application
11. Middle East
    11.1 Middle East Permanent Magnet Material Market Size
    11.2 Middle East Permanent Magnet Material Key Players in North America
    11.3 Middle East Permanent Magnet Material Market Size by Type
    11.4 Middle East Permanent Magnet Material Market Size by Application
12. Africa
    12.1 Africa Permanent Magnet Material Market Size
    12.2 Africa Permanent Magnet Material Key Players in North America
    12.3 Africa Permanent Magnet Material Market Size by Type
    12.4 Africa Permanent Magnet Material Market Size by Application
13. Oceania
    13.1 Oceania Permanent Magnet Material Market Size
    13.2 Oceania Permanent Magnet Material Key Players in North America
    13.3 Oceania Permanent Magnet Material Market Size by Type
    13.4 Oceania Permanent Magnet Material Market Size by Application
14. South America
    14.1 South America Permanent Magnet Material Market Size
    14.2 South America Permanent Magnet Material Key Players in North America
    14.3 South America Permanent Magnet Material Market Size by Type
    14.4 South America Permanent Magnet Material Market Size by Application
15. Rest of the World
    15.1 Rest of the World Permanent Magnet Material Market Size
    15.2 Rest of the World Permanent Magnet Material Key Players in North America
    15.3 Rest of the World Permanent Magnet Material Market Size by Type
    15.4 Rest of the World Permanent Magnet Material Market Size by Application
16 Permanent Magnet Material Market Dynamics
    16.1 Covid-19 Impact Market Top Trends
    16.2 Covid-19 Impact Market Drivers
    16.3 Covid-19 Impact Market Challenges
    16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
    18.1 Research Methodology
        18.1.1 Methodology/Research Approach
        18.1.2 Data Source
    18.2 Disclaimer

Segmentation Analysis

By Type

  • Ferrite: Cost-effective, widely used in motors and speakers.
  • NdFeB (Neodymium-Iron-Boron): Strongest magnetic material, critical for EVs and wind turbines.
  • SmCo (Samarium-Cobalt): High-temperature resistance, used in aerospace and defense.
  • Alnico: Durable, used in sensors and industrial applications.

By Application

  • Aerospace & Defense: Navigation systems, actuators, and advanced weaponry.
  • Automotive: EV motors, sensors, and hybrid systems.
  • Consumer Electronics: Smartphones, speakers, and computing devices.
  • Energy: Wind turbines, solar inverters, and power generation.
  • Industrial: Robotics, automation, and manufacturing equipment.
  • Medical: MRI machines, diagnostic devices, and implants.
  • Others: Specialty applications in research and niche industries.

By Region

  • North America (U.S., Canada, Mexico): Strong demand from EV and defense industries.
  • Europe (Germany, U.K., France, Italy, Russia, Spain): Growth driven by renewable energy and automotive innovation.
  • Asia-Pacific (China, India, Japan, Southeast Asia): Fastest-growing region, led by rare-earth production and EV adoption.
  • South America (Brazil, Argentina): Moderate growth, supported by industrial expansion.
  • Middle East & Africa (Saudi Arabia, South Africa): Emerging demand in energy and industrial sectors.

 Key Players – Competitive Landscape

Global Leaders

  • Hitachi Metals Ltd. (Japan): Pioneer in advanced permanent magnet materials.
  • Daido Steel Co. Ltd. (Japan): Strong in rare-earth magnet production.
  • TDK Corporation (Japan): Leading supplier of electronic components and magnetic materials.
  • Shin-Etsu Chemical Co. Ltd. (Japan): Major producer of rare-earth magnets.

Specialists & Innovators

  • Arnold Magnetic Technologies (U.S.): Specialty magnets for aerospace and defense.
  • Electron Energy Corporation (U.S.): Innovator in SmCo magnets for high-performance applications.
  • Tengam Engineering Inc. (U.S.): Focus on custom magnet solutions.
  • Adams Magnetic Products Co. Inc. (U.S.): Supplier of industrial and consumer magnet products.
  • Bunting Magnetics Co. (U.S.): Strong in industrial and automation applications.

Regional Producers

  • Lynas Corporation Ltd. (Australia): Leading rare-earth supplier outside China.
  • Yantai Shougang Magnetic Materials Inc. (China): Large-scale producer of NdFeB magnets.
  • Galaxy Magnets (China): Regional supplier with strong domestic presence.

 Strategic Insights

  • Global Leaders (Hitachi, TDK, Shin-Etsu, Daido): Dominate with scale, innovation, and rare-earth integration.
  • Specialists (Arnold, Electron Energy, Bunting): Focus on niche high-performance applications.
  • Regional Producers (Lynas, Yantai Shougang, Galaxy): Compete on cost efficiency and rare-earth resource access.

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