Magnetic Materials - Global Strategic Business Report

The global market for Magnetic Materials was valued at US$157.9 Billion in 2024 and is projected to reach US$270.7 Billion by 2030, growing at a CAGR of 9.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Magnetic Materials market.

Global Magnetic Materials Market - Key Trends and Drivers Summarized

How Are Magnetic Materials Shaping Modern Technology?

Magnetic materials are critical components in a wide range of modern technologies, from consumer electronics and power generation to medical devices and transportation. These materials, which include soft magnetic materials (used in transformers and inductors) and hard magnetic materials (used in permanent magnets), are essential for generating, storing, and transmitting electrical energy. In the automotive industry, magnetic materials are integral to the operation of electric motors and sensors in electric vehicles. In the electronics sector, they are used in data storage devices and sensors. As demand for efficient energy solutions and advanced technologies grows, magnetic materials are becoming increasingly important for both traditional and emerging industries.

What Innovations Are Shaping the Magnetic Materials Market?

The magnetic materials market is being shaped by innovations in nanotechnology, materials science, and manufacturing processes. The development of rare-earth-free magnetic materials is gaining momentum as manufacturers seek to reduce dependency on rare-earth elements, which are expensive and difficult to source. Additionally, advancements in high-performance ferrite magnets and bonded magnets are enhancing the efficiency and power density of devices that rely on magnetic materials, such as electric motors and wind turbines. The integration of magnetic materials in emerging technologies, including wireless charging systems and magnetic resonance imaging (MRI) machines, is also driving research and development in the field.

How Do Market Segments Define the Growth of Magnetic Materials?

Types of magnetic materials include soft magnetic materials, hard magnetic materials, and semi-hard magnetic materials, with hard magnetic materials (such as neodymium magnets) dominating the market due to their use in permanent magnets for motors and generators. Applications range from energy generation and storage to consumer electronics and medical devices, with energy generation being a major growth segment due to the increasing adoption of wind turbines and electric vehicles. End-use industries include automotive, electronics, energy, healthcare, and industrial manufacturing, with the automotive sector leading the market as electric vehicle production rises.

What Factors Are Driving the Growth in the Magnetic Materials Market?

The growth in the magnetic materials market is driven by several factors, including the rising demand for electric vehicles, the expansion of renewable energy infrastructure, and the growing use of advanced electronics. As the shift toward clean energy and electric mobility accelerates, the need for high-performance magnetic materials in electric motors, generators, and energy storage systems is increasing. Additionally, the proliferation of consumer electronics and medical devices that rely on magnetic materials for data storage, imaging, and sensing is contributing to market growth. The continued development of rare-earth-free magnets and other sustainable solutions is also expected to play a key role in driving future growth in this market.

Report Scope

The report analyzes the Magnetic Materials market, presented in terms of units. The analysis covers the key segments and geographic regions outlined below.

Segments: Type (Semi-Hard Magnet, Soft Magnet, Permanent / Hard Magnet); Application (Automotive, Electronics, Industrial, Power Generation, Other Applications).

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Semi-Hard Magnet segment, which is expected to reach US$120.9 Billion by 2030 with a CAGR of a 10.0%. The Soft Magnet segment is also set to grow at 9.1% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $40.6 Billion in 2024, and China, forecasted to grow at an impressive 13.6% CAGR to reach $69.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Magnetic Materials Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Magnetic Materials Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Magnetic Materials Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Arnold Magnetic Technologies Corporation, Daido Steel Co. Ltd., Dexter Magnetic Technologies, Electron Energy Corporation, Hitachi Metals Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 13 companies featured in this Magnetic Materials market report include:

• 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.

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry