Magnetic Materials Market Size to Surpass USD 62.47 Bn by 2035

Magnetic Materials Market Size, Share, Growth, Report 2026 to 2035

The global magnetic materials market size is expected to grow from USD 37.64 billion in 2026 to USD 62.47 billion in 2035, growing at a CAGR of 5.79% from 2026 to 2035. The top Key Players Daido Steel Co. Ltd., Arnold Magnetic Technologies Corporation, Electron Energy Corporation, Tengam Engineering, Inc., Hitachi Metals Ltd., TDK Corp,Shin-Etsu Chemical Co. Ltd., Molycorp Magnequench, Lynas Corporation Ltd.

Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Magnetic Materials Market 

5.1. COVID-19 Landscape: Magnetic Materials Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Magnetic Materials Market, By Type

8.1. Magnetic Materials Market Revenue and Volume, By Type, 2024-2034

8.1.1 Hard/Permanent

8.1.1.1. Market Revenue and Volume Forecast (2021-2034)

8.1.2. Semi-hard

8.1.2.1. Market Revenue and Volume Forecast (2021-2034)

8.1.3. Soft

8.1.3.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 9. Global Magnetic Materials Market, By Application

9.1. Magnetic Materials Market Revenue and Volume, By Application, 2024-2034

9.1.1. Automotive & Transportation

9.1.1.1. Market Revenue and Volume Forecast (2021-2034)

9.1.2. Electronics

9.1.2.1. Market Revenue and Volume Forecast (2021-2034)

9.1.3. Energy

9.1.3.1. Market Revenue and Volume Forecast (2021-2034)

9.1.4. Others

9.1.4.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 10. Global Magnetic Materials Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.1.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.1.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.1.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.2.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.2.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.2.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.2.5.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.2.6.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.3.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.3.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.3.5.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.3.6.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.4.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.4.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.4.5.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.4.6.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.5.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.5.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.5.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)

Chapter 11. Company Profiles

11.1. Daido Steel Co. Ltd.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Arnold Magnetic Technologies Corporation

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Electron Energy Corporation

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Tengam Engineering, Inc.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Hitachi Metals Ltd.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. TDK Corp

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Shin-Etsu Chemical Co. Ltd.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Molycorp Magnequench

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Lynas Corporation Ltd.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Saurabh Bidwai, a B.Tech Chemical Engineering graduate with 4+ years of experience, specializes in specialty chemicals, commodity chemicals, and engineered materials, offering valuable insights into market trends and emerging opportunities.

Learn more about Saurabh Bidwai

Aditi Shivarkar, with 14+ years in Consumer Goods market research, specializes in Consumer Goods. She ensures accurate, actionable insights, driving Towards Consumer Goods excellence in industry trends and sustainability.

Learn more about Aditi Shivarkar
FAQ's

Answer : The global magnetic materials market size was estimated at USD 33.19 billion in 2024 and is predicted to increase from USD 35.10 billion in 2025 to approximately USD 58.05 billion by 2034, expanding at a CAGR of 5.75% from 2025 to 2034. In 2024 Asia Pacific held a dominant magnetic materials market position, capturing more than a 68.11% share and holds a USD 22.61 Billion market value for the year.

Answer : Asia Pacific dominates with 68.11% market share in 2024 (~USD 22.61B) and will grow from USD 23.91B in 2025 to USD 39.62B by 2034 (CAGR 5.77%), fueled by EV production, electronics manufacturing, and industrial growth in China, Japan, and South Korea. Europe will see the fastest growth, supported by green technology adoption, renewable energy projects, and EV electrification.

Answer : Electric mobility: Strong demand for permanent magnets in EV motors, sensors, and actuators. Renewable energy: High-performance magnets in wind turbine generators. Electronics miniaturization: Growing use in smartphones, wearables, and smart home devices. Industrial automation: Increased use of precision motors and magnetic sensors. High-performance computing & data storage: Advanced magnets in memory and HDD applications.

Answer : Nanostructured magnets for superior coercivity and thermal resistance. 3D-printed magnetic components for custom applications. Magnetocaloric materials for solid-state refrigeration. Spintronics leveraging magnetic materials for low-power electronics. Lightweight composite magnets enhancing efficiency in EVs and aerospace.

Answer : Raw material volatility: Price fluctuations in rare earths like neodymium and dysprosium. Geopolitical supply risks: Heavy dependence on China for rare earth mining and processing. High manufacturing costs for advanced permanent magnets. Environmental concerns in rare earth mining and processing.

Answer : Daido Steel Co. Ltd., Arnold Magnetic Technologies Corporation, Electron Energy Corporation, Tengam Engineering, Inc., Hitachi Metals Ltd., TDK Corp,Shin-Etsu Chemical Co. Ltd., Molycorp Magnequench, Lynas Corporation Ltd.
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