Advanced Magnetic Materials Market Trends, Growth Drivers, Demand and Future Outlook
Advanced Magnetic Materials Market Growth, Size, Trends Analysis- By Type, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Mar-2025 | Report ID: CHEM2522 | Pages: 1 - 246 | Formats*: |
| Category : Chemical & Materials | |||
Advanced Magnetic Materials Market Introduction and Overview
According to SPER Market Research, the Global Advanced Magnetic Materials Market is estimated to reach USD 66.87 billion by 2034 with a CAGR of 9.78%.
The report includes an in-depth analysis of the Global Advanced Magnetic Materials Market, including market size and trends, product mix, Applications, and supplier analysis.
The market for advanced magnetic materials is expected to experience significant growth in the coming years, with projections indicating a substantial increase by the end of the forecast period. This growth is primarily driven by the rising demand for high-efficiency motors and actuators in automotive and industrial applications. The demand for advanced magnetic materials is being fueled by a variety of factors, including the need for enhanced performance in various industries. The key sectors utilizing these materials include automotive, electronics, industrial, power generation, medical, and other applications. However, Developing advanced magnets requires significant investment in R&D due to high costs, limited materials, and the need for optimum efficiency. Recent trade bans by China, the dominant producer of rare earth magnets, have impacted global supply, especially for countries like Japan, which relies heavily on imports.
By Type: The permanent magnetic material segment is expected to be the fastest-growing market in terms of value, driven by the increasing use of magnets in automobiles and power generation to enhance energy efficiency. Permanent magnets, including alnico, hard ferrite, samarium cobalt (SmCo), and neodymium iron boron (NdFeB), are essential in modern technologies, enabling efficient energy conversion, motion control, and magnetic sensing systems. These magnets maintain their magnetic strength even after the external magnetizing force is removed, offering high magnetic flux density and coercivity, making them ideal for advanced applications.
By End Use: The power generation sector is expected to be the second-largest segment in the advanced magnetic materials market, in terms of value. While the use of advanced magnets in power generation remains relatively small, the industry demands highly efficient generators and transformers to minimize energy loss during power generation and transmission. Advanced magnetic materials are utilized to develop generators that reduce energy loss in the conversion of mechanical work to electrical energy. These magnets are engineered in various shapes and sizes to optimize energy efficiency, while modifications to the magnetic wire windings help capture the magnetic flux generated by these advanced magnets. Additionally, companies are exploring the use of these materials to enhance the efficiency of power transmission from generation points to consumers.
By Regional Insights: Asia Pacific is expected to be the fastest-growing market for advanced magnetic materials. The region holds the largest market share, with growth driven by the automotive sector, increased use of renewable energy for power generation, and rising demand from the medical and healthcare industries. Factors such as low interest rates, the presence of key market players, and stringent environmental regulations promoting electric vehicles are fueling market expansion. Additionally, the growing electric vehicle market in the region is boosting demand for advanced magnetic materials. Companies in the region are also investing in R&D to enhance the efficiency of applications using these materials.
Market Competitive Landscape
The market is moderately consolidated. Some of the market key players are Adams Magnetic Products Co. Inc., Bogen Magnetics GmbH, Daido Steel Ltd., Dexter Magnetic Technologies, DMEGC, Electron Energy Corporation, Guangdong Lingyl Co. Ltd., Master Magnetics Inc., Neo, Ningbo Yunsheng Co. Ltd., Shin-Etsu Chemical Co. Ltd., TDK Corporation, Tengam Engineering, Vacuumschmelze GmbH & Co. KG, Viona Magnetics, Yantai Dongxing Magnetic Materials Inc.
Recent Developments:
- In April 2023, Neo Performance Materials, Inc. gained a controlling interest in SG Technologies Group Limited to strengthen its rare earth processing and magnet manufacturing presence in Europe.
- In June 2023, Neo Performance Materials, Inc. entered into a subscription agreement to acquire shares of Magnet Venture Pte Ltd. valued at USD 84.7 million.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Type, By End User. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | Adams Magnetic Products Co. Inc., Bogen Magnetics GmbH, Daido Steel Ltd., Dexter Magnetic Technologies, DMEGC, Electron Energy Corporation, Guangdong Lingyl Co. Ltd., Master Magnetics Inc., Neo, Ningbo Yunsheng Co. Ltd., Shin-Etsu Chemical Co. Ltd., TDK Corporation, Tengam Engineering, Vacuumschmelze GmbH & Co. KG, Viona Magnetics, Yantai Dongxing Magnetic Materials Inc. |
Key Topics Covered in the Report
- Global Advanced Magnetic Materials Market Size (FY’2021-FY’2034)
- Overview of Global Advanced Magnetic Materials Market
- Segmentation of Global Advanced Magnetic Materials Market By Type (Permanent Magnetic Materials, Semi-Hard Magnetic Materials, Soft Magnetic Materials)
- Segmentation of Global Advanced Magnetic Materials Market By End-User (Automotive, Electronics, Industrial, Power Generation, Medical, Others)
- Statistical Snap of Global Advanced Magnetic Materials Market
- Expansion Analysis of Global Advanced Magnetic Materials Market
- Problems and Obstacles in Global Advanced Magnetic Materials Market
- Competitive Landscape in the Global Advanced Magnetic Materials Market
- Details on Current Investment in Global Advanced Magnetic Materials Market
- Competitive Analysis of Global Advanced Magnetic Materials Market
- Prominent Players in the Global Advanced Magnetic Materials Market
- SWOT Analysis of Global Advanced Magnetic Materials Market
- Global Advanced Magnetic Materials Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Advanced Magnetic Materials Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Advanced Magnetic Materials Market
7. Global Advanced Magnetic Materials Market, By Type, (USD Million) 2021-2034
7.1. Permanent Magnetic Materials7.2. Semi-Hard Magnetic Materials7.3. Soft Magnetic Materials
8. Global Advanced Magnetic Materials Market, By End-User, (USD Million) 2021-2034
8.1. Automotive8.2. Electronics8.3. Industrial8.4. Power Generation8.5. Medical8.6. Others
9. Global Advanced Magnetic Materials Market, (USD Million) 2021-2034
9.1. Global Advanced Magnetic Materials Market Size and Market Share
10. Global Advanced Magnetic Materials Market, By Region, 2021-2034 (USD Million)
10.1. Asia-Pacific
10.1.1. Australia10.1.2. China10.1.3. India10.1.4. Japan10.1.5. South Korea10.1.6. Rest of Asia-Pacific
10.2. Europe
10.2.1. France10.2.2. Germany10.2.3. Italy10.2.4. Spain10.2.5. United Kingdom10.2.6. Rest of Europe
10.3. Middle East and Africa
10.3.1. Kingdom of Saudi Arabia10.3.2. United Arab Emirates10.3.3. Qatar10.3.4. South Africa10.3.5. Egypt10.3.6. Morocco10.3.7. Nigeria10.3.8. Rest of Middle-East and Africa
10.4. North America
10.4.1. Canada10.4.2. Mexico10.4.3. United States
10.5. Latin America
10.5.1. Argentina10.5.2. Brazil10.5.3. Rest of Latin America
11. Company Profile
11.1. Adams Magnetic Products Co. Inc.
11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments
11.2. Anhui Sinomag Technology Co. Ltd.
11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments
11.3. Arnold Magnetic Technologies
11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments
11.4. Bogen Magnetics GmbH
11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments
11.5. Bunting Magnetics Co
11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments
11.6. Daido Steel Ltd
11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments
11.7. Dexter Magnetic Technologies
11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments
11.8. DMEGC
11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments
11.9. Electron Energy Corporation
11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments
11.10. Hitachi Metals Ltd.
11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments
11.11. Neo
11.11.1. Company details11.11.2. Financial outlook11.11.3. Product summary11.11.4. Recent developments
11.12. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The key players in the Market include Companies Covered Adams Magnetic Products Co. Inc., Bogen Magnetics GmbH, Daido Steel Ltd., Dexter Magnetic Technologies, DMEGC, Electron Energy Corporation, Guangdong Lingyl Co. Ltd., Master Magnetics Inc., Neo, Ningbo Yunsheng Co. Ltd., Shin-Etsu Chemical Co. Ltd., TDK Corporation, Tengam Engineering, Vacuumschmelze GmbH & Co. KG, Viona Magnetics, Yantai Dongxing Magnetic Materials Inc.
The market for advanced magnetic materials is expected to experience significant growth in the coming years, with projections indicating a substantial increase by the end of the forecast period. This growth is primarily driven by the rising demand for high-efficiency motors and actuators in automotive and industrial applications.
Advanced Magnetic Materials Market is projected to reach USD 66.87 billion by 2034, growing at a CAGR of 9.78% during the forecast period.
Advanced Magnetic Materials Market grew in Market size from 2025. The Market is expected to reach USD 66.87 billion by 2034, at a CAGR of 9.78% during the forecast period.
Advanced Magnetic Materials Market CAGR of 9.78% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Advanced Magnetic Materials Market size is USD 66.87 billion from 2025 to 2034.
Advanced Magnetic Materials Market is covered By Product, By Function, By Application, By End-User.
The North America is anticipated to have the highest Market share in the Advanced Magnetic Materials Market.
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