Global Magnetic Materials Industry

Global Magnetic Materials Industry

  • April 2021 •
  • 280 pages •
  • Report ID: 6032106 •
  • Format: PDF
Abstract:
- Global Magnetic Materials Market to Reach $162.6 Billion by 2027
- Amid the COVID-19 crisis, the global market for Magnetic Materials estimated at US$93 Billion in the year 2020, is projected to reach a revised size of US$162.6 Billion by 2027, growing at a CAGR of 8.3% over the analysis period 2020-2027. Semi-Hard Magnet, one of the segments analyzed in the report, is projected to record a 8.8% CAGR and reach US$71.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Soft Magnet segment is readjusted to a revised 8% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $25.1 Billion, While China is Forecast to Grow at 12.6% CAGR
- The Magnetic Materials market in the U.S. is estimated at US$25.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$37.3 Billion by the year 2027 trailing a CAGR of 12.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 7.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.
- Permanent / Hard Magnet Segment to Record 7.8% CAGR
- In the global Permanent / Hard Magnet segment, USA, Canada, Japan, China and Europe will drive the 7.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$16 Billion in the year 2020 will reach a projected size of US$25.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$22.6 Billion by the year 2027, while Latin America will expand at a 9.2% CAGR through the analysis period.

- Select Competitors (Total 37 Featured) -
  • Arnold Magnetic Technologies Corporation
  • Daido Steel Co. Ltd.
  • Dexter Magnetic Technologies
  • Electron Energy Corporation
  • Hitachi Metals Ltd.
  • Lynas Corporation Ltd.
  • Molycorp Inc.
  • Shin-ETSU Chemical Co., Ltd.
  • TDK Corporation
  • Tengam Engineering Inc.