Permanent Magnet Market

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Permanent Magnet Market by Type (Neodymium Iron Boron Magnet, Ferrite Magnet, Samarium Cobalt Magnet), End-Use Industry (Consumer Electronics, General Industrial, Automotive, Medical Technology, Environment & Energy), and Region - Global Forecast to 2026

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Report Code: CH 5116 Jul, 2021, by marketsandmarkets.com

[235 Pages Report] The global Permanent magnet market is expected to grow from USD 34.4 billion in 2021 to USD 54.1 billion by 2026, at a CAGR of 9.5% during the forecast period. The Permanent magnet industry is growing due to the rise in demand for Permanent magnets from various applications, globally. The Permanent magnet market is expected to decline in 2020 due to COVID-19. However, the end of lockdown and recovery in the application sector will stimulate the demand during the forecast period. 

Permanent Magnet Market

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Impact of COVID-19 on global Permanent magnet market

The Permanent magnet market is expected to witness a decline in market in 2020 due to the COVID-19 pandemic. This deadly virus has adversely affected the entire globe, especially the APAC and European regions. To prevent the further spread of this virus, companies have shut down their operations and manufacturing facilities and government restricted the construction activities. This has led to a reduction in the consumption of Permanent magnet across applications.

Market Dynamics of Global Permanent magnet market

Driver: Increasing demand from the automobile applications to drive the demand for Permanent magnet

The demand for automobiles is increasing in major economies such as China, India, and Japan. Hence, the growing automotive industry is propelling the growth of the permanent magnet market in the APAC region. The key countries contributing to the growth in this region include China, India, Japan, and Indonesia. India was the fifth-largest motor vehicle/car market in the world in 2020. In 2020, there were 3.49 million units of passenger vehicles and commercial vehicles sales registered in India. Companies such as GM, Tata Motors, VW Group, Toyota, Honda, and Hyundai are expanding their production capacities in APAC. This high growth in the automotive sector is fueling the demand for permanent magnets.

Opportunity: The rising demand for permanent magnets in hybrid electric vehicles offers a lucrative opportunity for permanent magnet manufacturers

The application of permanent magnets in hybrid electric vehicles in the automotive industry is growing. High-performance hybrid electric vehicles require about 2 kg to 3 kg of rare earth magnets. Hybrid electric vehicles use both an electric motor and an internal combustion engine to propel the vehicle. The use of hybrid electric vehicles is expected to increase in regions experiencing high pollution. Governments are implementing more environmentally friendly electric drive systems in various regions. In addition, high gasoline prices will also drive the demand for electric vehicles soon. This would create a huge demand for permanent magnets during the forecast period.

Restraints: Fluctuating cost of raw material is one of the major restraints in permanent magnet market

Fluctuating raw material costs is one of the major factors restraining the growth of the permanent magnet market. It has widespread implications on manufacturing companies. From rising energy costs to unexpected fluctuations in raw material prices, unforeseen obstacles are destabilizing supply chains and making it difficult for manufacturers to deliver quality products at low prices and earn profits.

There have been fluctuations in prices of rare earth metals and other such raw materials used to manufacture permanent magnets. This affects the quality and quantity of permanent magnets produced. Manufacturers pass the additional costs to consumers. This sometimes results in reduced consumption of permanent magnets and also tarnishes their image of being cost-effective materials. In the case of rare earth permanent magnets, the prices of rare earth materials such as dysprosium and neodymium are highly volatile due to increasing supply constraints from China.

Challenges: High R&D cost of Permanent magnets is challenge for the market

All permanent magnets are used in small quantities for miniaturization or for any other purpose. The research & development cost in terms of man-hours, materials, and technology is very high. There are limited elements that can be used to manufacture permanent magnets, and the resulting permanent magnets have to guarantee minimum features at different conditions for them to be actually considered for usage. The product, once identified for usage, has to deliver optimum efficiency that has not only long-term benefits but also has visible short-term benefits. Many market players do not have access to advance technology, capital, and human expertise to manufacture environmentally friendly, efficient, and effective permanent magnets that come at a competitive price.

The neodymium iron boron Permanent magnet segment accounted for a major share of the Permanent magnet market in terms of value and volume during the forecast period.

The neodymium iron boron magnet market is expected to witness high growth because of the growing demand for miniaturization of various equipment. They are the most preferred permanent magnets owing to their strong magnetic properties. Due to the COVID-19 outbreak, the supply chain in APAC countries, such as China, India, and Japan, has been affected, thereby declining the demand for permanent magnets in 2020.

The consumer electronics industry dominates the global permanent magnet market in 2020

The demand for permanent magnet in consumer electronics industry is expected to increase mainly due to improving standards of living and rising disposable income in the APAC region. In the consumer electronics segment, permanent magnets are used in magnetic heads of Hard Disk Drives (HDD), CDs, as well as in motors of peripheral devices such as printers, fax machines, scanners, and photocopies. The increasing usage of cloud computing and related development resulted in the growing demand for data centers to store enormous amount of data. The growing demand from data centers for HDD pushes the demand for permanent magnets. These magnets are also used in air conditioners, washing machines, dryers, cooling fan motors in computers, fans, microwaves, loudspeakers, and VCR tape drive motors, among others. Permanent magnets help enhance the efficiency of such appliances.

Permanent Magnet Market by Region

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APAC held the largest market share in the Permanent magnet market

APAC dominated the global permanent magnet market in 2020. This dominance is attributed to the rising demand from domestic industries in the region. The demand for permanent magnet is growing, especially, in APAC and South America. The markets in these regions are expected to register high growth in comparison to other regions.

Key Market Players

The key players in the global Permanent magnet market are:

  • Hitachi Metals, Ltd. (Japan)
  • TDK Corporation (Japan)
  • Shin-Etsu Chemical Co., Ltd. (Japan)
  • Electron Energy Corporation (US)
  • Adams Magnetic Products Co., Inc. (US)
  • Bunting Magnetics Co.(US)
  • Tengam Engineering, Inc.(US)
  • Yantai Shougang Magnetic Materials Inc. (China)
  • Ningbo Yunsheng Co. Ltd. (China)
  • Chengdu Galaxy Magnets Co., Ltd. (China)
  • Goudsmit Magnetics (US)
  • Eclipse Magnetics (UK)
  • Arnold Magnetic Technologies(US)

These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the Permanent magnet industry. The study includes an in-depth competitive analysis of these key players in the Permanent magnet market, with their company profiles, recent developments, and key market strategies. 

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Scope of the Report

Report Metric

Details

Years considered for the study

2017–2020

Base year

2020

Forecast period

2021–2026

Units considered

Value (USD million), Volume (Kilotons)

Segments

Magnet Type, End-Use Application and Region

Regions

Europe, North America, APAC, MEA, and South America

Companies

Sch๖ck Bauteile GmbH (Germany), Dextra Group (Thiland), Pultron Composites (New Zealand),     Pultrall Inc. (US), Owens Corning (US), and Kodiak Fiberglass Rebar LLC (US)  

This research report categorizes the Permanent magnet market based on type, application, end-use industry, and region.

By Type:

  • Neodymium Iron Boron Magnets
  • Ferrite Magnets
  • Samarium Cobalt Magnets
  • Alnico Magnets
  • Others

By End-Use:

  • Consumer Electronics
  • General Industrial
  • Automotive
  • Medical Technology
  • Environment & Energy
  • Aerospace & Defense
  • Others

By Region:

  • North America
  • Europe
  • APAC
  • MEA
  • South America

Recent Developments

  • In May 2018, Adams Magnetic Products Co. has expanded its flexible magnet production service capabilities by investing in equipment for two additional production lines. Full production lines were added both in Elmhurst, IL and Carlsbad, CA that can run flexible magnet strip material at more than 300 feet per minute, applying laminate and slitting to the desired width.
  • In November 2017, Adams Magnetic Products has moved to a new facility in Carlsbad, California. The decision was result of desire to improve our operations and to better align the company in the dynamic markets they serve.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 INCLUSIONS & EXCLUSIONS
    1.4 MARKET SCOPE
           FIGURE 1 PERMANENT MAGNET MARKET SEGMENTATION
           1.4.1 REGIONS COVERED
           1.4.2 YEARS CONSIDERED FOR STUDY
    1.5 CURRENCY
    1.6 UNIT CONSIDERED
    1.7 LIMITATIONS
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 BASE NUMBER CALCULATION
           2.1.1 SUPPLY-SIDE APPROACH 1
           2.1.2 SUPPLY-SIDE APPROACH 2
           2.1.3 DEMAND-SIDE APPROACH
    2.2 FORECAST NUMBER CALCULATION
           2.2.1 SUPPLY-SIDE
           2.2.2 DEMAND-SIDE
    2.3 RESEARCH DATA
           2.3.1 SECONDARY DATA
                    2.3.1.1 Key data from secondary sources
           2.3.2 PRIMARY DATA
                    2.3.2.1 Primary interviews – Top permanent magnet market
                    2.3.2.2 Key industry insights
                    2.3.2.3 Breakdown of primary interviews
    2.4 MARKET SIZE ESTIMATION
           2.4.1 BOTTOM–UP APPROACH
                    FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM–UP APPROACH
           2.4.2 TOP–DOWN APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION: TOP–DOWN APPROACH
    2.5 DATA TRIANGULATION
           FIGURE 4 PERMANENT MAGNET MARKET: DATA TRIANGULATION
    2.6 ASSUMPTIONS
    2.7 LIMITATIONS
    2.8 FACTOR ANALYSIS
    2.9 LIMITATIONS & RISKS ASSOCIATED WITH THE PERMANENT MAGNET MARKET

3 EXECUTIVE SUMMARY (Page No. - 45)
    FIGURE 5 NEODYMIUM IRON BORON MAGNETS SEGMENT DOMINATED THE PERMANENT MAGNET MARKET IN 2020
    FIGURE 6 THE CONSUMER ELECTRONICS END-USE INDUSTRY DOMINATED THE OVERALL MARKET IN 2020
    FIGURE 7 CHINA TO LEAD THE GLOBAL PERMANENT MAGNET MARKET DURING THE FORECAST PERIOD
    FIGURE 8 APAC DOMINATED THE PERMANENT MAGNET MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE PERMANENT MAGNET MARKET
           FIGURE 9 HIGH DEMAND FROM CONSUMER ELECTRONICS AND AUTOMOTIVE END-USE INDUSTRIES TO DRIVE THE MARKET
    4.2 PERMANENT MAGNET MARKET, BY TYPE
           FIGURE 10 FERRITE MAGNETS SEGMENT DOMINATED THE OVERALL MARKET
    4.3 PERMANENT MAGNET MARKET, BY END-USE INDUSTRY
           FIGURE 11 CONSUMER ELECTRONICS SEGMENT LED THE DEMAND FOR PERMANENT MAGNET
    4.4 PERMANENT MAGNET MARKET, BY KEY COUNTRIES
           FIGURE 12 CHINA TO REGISTER THE HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Development and modernization of infrastructure
                    5.2.1.2 Growing automotive industry in APAC
                               TABLE 1 AUTOMOTIVE PRODUCTION STATISTICS, BY REGION (2019)
                    5.2.1.3 Increasing demand for efficiency and miniaturization
                    5.2.1.4 Initiatives of associations and regulatory bodies
           5.2.2 RESTRAINTS
                    5.2.2.1 Fluctuating raw material costs
                    5.2.2.2 Lack of quality control in developing countries
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Development of technologies
                    5.2.3.2 Rising demand for permanent magnets in hybrid electric vehicles
           5.2.4 CHALLENGES
                    5.2.4.1 Huge investments required in R&D
    5.3 PORTER’S FIVE FORCES ANALYSIS
           5.3.1 BARGAINING POWER OF SUPPLIERS
           5.3.2 BARGAINING POWER OF BUYERS
           5.3.3 THREAT OF SUBSTITUTES
           5.3.4 THREAT OF NEW ENTRANTS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
                    TABLE 2 PERMANENT MAGNET MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.4 TECHNOLOGY ANALYSIS
    5.5 ECOSYSTEM: PERMANENT MAGNET MARKET
           FIGURE 15 PERMANENT MAGNET MARKET ECOSYSTEM
    5.6 VALUE CHAIN ANALYSIS
           5.6.1 MINING & EXTRACTION
           5.6.2 SEPARATION
           5.6.3 MANUFACTURING
           5.6.4 END–USERS
    5.7 RAW MATERIAL SELECTION
    5.8 IMPACT OF COVID-19
           5.8.1 IMPACT OF COVID-19 ON THE AUTOMOTIVE INDUSTRY
    5.9 SUPPLY CHAIN ANALYSIS
    5.10 PERMANENT MAGNET MARKET: OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIO
           TABLE 4 PERMANENT MAGNET MARKET: CAGR (BY VALUE) IN REALISTIC, PESSIMISTIC, AND OPTIMISTIC SCENARIO
           5.10.1 OPTIMISTIC SCENARIO
           5.10.2 PESSIMISTIC SCENARIO
           5.10.3 REALISTIC SCENARIO
    5.11 PRICING ANALYSIS
    5.12 AVERAGE SELLING PRICE
                    TABLE 5 AVERAGE SELLING PRICE, BY TYPE
    5.13 KEY MARKET FOR IMPORT/EXPORT
           5.13.1 CHINA
           5.13.2 US
           5.13.3 GERMANY
           5.13.4 NETHERLANDS
           5.13.5 FRANCE
           5.13.6 JAPAN
    5.14 PATENT ANALYSIS
           5.14.1 INTRODUCTION
           5.14.2 METHODOLOGY
           5.14.3 DOCUMENT TYPE
                    FIGURE 17 GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE, 2010–2020
                    FIGURE 18 PUBLICATION TRENDS, 2010–2020
           5.14.4 INSIGHTS
                    FIGURE 19 PATENT JURISDICTION ANALYSIS, 2020
           5.14.5 TOP APPLICANTS OF PATENTS
                    FIGURE 20 TOP APPLICANTS OF PATENTS
           5.14.6 LIST OF PATENTS BY MITSUBISHI ELECTRIC CORPORATION
           5.14.7 LIST OF PATENTS BY NITTO DENKO CORP.
           5.14.8 LIST OF PATENTS BY SIEMENS AG
           5.14.9 LIST OF PATENTS BY TDK CORPORATION
                    5.14.10 TOP TEN PATENT OWNERS (US) IN THE LAST 10 YEARS
    5.15 CASE STUDY ANALYSIS
    5.16 TARIFFS AND REGULATIONS
                    TABLE 6 CURRENT STANDARD CODES FOR PERMANENT MAGNETS
    5.17 PERMANENT MAGNET MARKET: YC AND YCC SHIFT

6 PERMANENT MAGNET MARKET, BY TYPE (Page No. - 73)
    6.1 INTRODUCTION
           FIGURE 21 NEODYMIUM IRON BORON MAGNET TO DOMINATE THE PERMANENT MAGNET MARKET BY 2026
           6.1.1 PERMANENT MAGNET MARKET SIZE BY TYPE
                    TABLE 7 PERMANENT MAGNET MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 8 PERMANENT MAGNET MARKET SIZE, BY TYPE, 2017–2020 (KILOTON)
                    TABLE 9 PERMANENT MAGNET MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 10 PERMANENT MAGNET MARKET SIZE, BY TYPE, 2021–2026 (KILOTON)
    6.2 NEODYMIUM IRON BORON MAGNETS
           FIGURE 22 APAC TO BE THE LARGEST MARKET FOR NEODYMIUM IRON BORON PERMANENT MAGNETS
           6.2.1 NEODYMIUM IRON BORON PERMANENT MAGNET MARKET SIZE, BY REGION
                    TABLE 11 NEODYMIUM IRON BORON PERMANENT MAGNET MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 12 NEODYMIUM IRON BORON PERMANENT MAGNET MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 13 NEODYMIUM IRON BORON PERMANENT MAGNET MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 14 NEODYMIUM IRON BORON PERMANENT MAGNET MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    6.3 FERRITE MAGNETS
           FIGURE 23 APAC TO BE THE LARGEST MARKET FOR FERRITE PERMANENT MAGNETS
           6.3.1 FERRITE PERMANENT MAGNET MARKET SIZE, BY REGION
                    TABLE 15 FERRITE PERMANENT MAGNET MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 16 FERRITE PERMANENT MAGNET MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 17 FERRITE PERMANENT MAGNET MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 18 FERRITE PERMANENT MAGNET MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    6.4 SAMARIUM COBALT MAGNETS
           FIGURE 24 APAC TO BE THE LARGEST MARKET FOR SAMARIUM COBALT PERMANENT MAGNETS
           6.4.1 SAMARIUM COBALT PERMANENT MAGNET MARKET SIZE, BY REGION
                    TABLE 19 SAMARIUM COBALT PERMANENT MAGNET MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 20 SAMARIUM COBALT PERMANENT MAGNET MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 21 SAMARIUM COBALT PERMANENT MAGNET MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 22 SAMARIUM COBALT PERMANENT MAGNET MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    6.5 ALNICO MAGNETS
           FIGURE 25 APAC TO BE THE LARGEST MARKET FOR ALNICO MAGNETS
           6.5.1 ALNICO PERMANENT MAGNET MARKET SIZE, BY REGION
                    TABLE 23 ALNICO PERMANENT MAGNET MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 24 ALNICO PERMANENT MAGNET MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 25 ALNICO PERMANENT MAGNET MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 26 ALNICO PERMANENT MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    6.6 OTHERS
           TABLE 27 OTHER PERMANENT MAGNETS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 28 OTHER PERMANENT MAGNETS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
           TABLE 29 OTHER PERMANENT MAGNETS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
           TABLE 30 OTHER PERMANENT MAGNETS MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
           6.6.1 INJECTION MOLDED MAGNET
           6.6.2 FLEXIBLE MAGNET
           6.6.3 COMPRESSION MOLDED MAGNET

7 PERMANENT MAGNET MARKET, BY END-USE INDUSTRY (Page No. - 87)
    7.1 INTRODUCTION
           FIGURE 26 CONSUMER ELECTRONICS END-USE INDUSTRY TO WITNESS RAPID GROWTH DURING THE FORECAST PERIOD
           7.1.1 PERMANENT MAGNET MARKET SIZE BY END-USE INDUSTRY
                    TABLE 31 PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 32 PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 33 PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                    TABLE 34 PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
    7.2 CONSUMER ELECTRONICS
           FIGURE 27 APAC TO DOMINATE THE PERMANENT MAGNET MARKET IN CONSUMER ELECTRONICS INDUSTRY
           7.2.1 PERMANENT MAGNET MARKET SIZE IN CONSUMER ELECTRONICS END-USE INDUSTRY, BY REGION
                    TABLE 35 PERMANENT MAGNET MARKET SIZE IN CONSUMER ELECTRONICS END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 36 PERMANENT MAGNET MARKET SIZE IN CONSUMER ELECTRONICS END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON)
                    TABLE 37 PERMANENT MAGNET MARKET SIZE IN CONSUMER ELECTRONICS END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 38 PERMANENT MAGNET MARKET SIZE IN CONSUMER ELECTRONICS END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON)
           7.2.2 DC MOTORS
           7.2.3 LOUDSPEAKERS
           7.2.4 GENERATORS
    7.3 GENERAL INDUSTRIAL
           FIGURE 28 APAC TO LEAD THE PERMANENT MAGNET MARKET IN GENERAL INDUSTRIAL END-USE INDUSTRY
           7.3.1 PERMANENT MAGNET MARKET SIZE IN GENERAL INDUSTRIAL END-USE INDUSTRY, BY REGION
                    TABLE 39 PERMANENT MAGNET MARKET SIZE IN GENERAL INDUSTRIAL END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 40 PERMANENT MAGNET MARKET SIZE IN GENERAL INDUSTRIAL END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON)
                    TABLE 41 PERMANENT MAGNET MARKET SIZE IN GENERAL INDUSTRIAL END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 42 PERMANENT MAGNET MARKET SIZE IN GENERAL INDUSTRIAL END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON)
           7.3.2 MAGNETIC ASSEMBLIES
           7.3.3 MAGNETIC SEPARATORS
    7.4 AUTOMOTIVE
           FIGURE 29 APAC TO REMAIN THE LARGEST PERMANENT MAGNET MARKET IN AUTOMOTIVE INDUSTRY
           7.4.1 PERMANENT MAGNET MARKET SIZE IN AUTOMOTIVE END-USE INDUSTRY, BY REGION
                    TABLE 43 PERMANENT MAGNET MARKET SIZE IN AUTOMOTIVE END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 44 PERMANENT MAGNET MARKET SIZE IN AUTOMOTIVE END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON)
                    TABLE 45 PERMANENT MAGNET MARKET SIZE IN AUTOMOTIVE END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 46 PERMANENT MAGNET MARKET SIZE IN AUTOMOTIVE END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON)
           7.4.2 MOTORS
           7.4.3 SENSORS
           7.4.4 SWITCHES
    7.5 MEDICAL TECHNOLOGY
           FIGURE 30 APAC TO LEAD THE PERMANENT MAGNET MARKET IN MEDICAL TECHNOLOGY END-USE INDUSTRY
           7.5.1 PERMANENT MAGNET MARKET SIZE IN MEDICAL TECHNOLOGY END-USE INDUSTRY, BY REGION
                    TABLE 47 PERMANENT MAGNET MARKET SIZE IN MEDICAL TECHNOLOGY END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 48 PERMANENT MAGNET MARKET SIZE IN MEDICAL TECHNOLOGY END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON)
                    TABLE 49 PERMANENT MAGNET MARKET SIZE IN MEDICAL TECHNOLOGY END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 50 PERMANENT MAGNET MARKET SIZE IN MEDICAL TECHNOLOGY END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON)
           7.5.2 SCANNING DEVICES
           7.5.3 IMPLANTABLE DEVICES
    7.6 ENVIRONMENT & ENERGY
           TABLE 51 ESTIMATED NEW OFFSHORE WIND INSTALLATIONS, BY REGION, 2019–2030
           7.6.1 PERMANENT MAGNET MARKET SIZE IN ENVIRONMENT & ENERGY END-USE INDUSTRY, BY REGION
                    TABLE 52 PERMANENT MAGNET MARKET SIZE IN ENVIRONMENT & ENERGY END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 53 PERMANENT MAGNET MARKET SIZE IN ENVIRONMENT & ENERGY END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON)
                    TABLE 54 PERMANENT MAGNET MARKET SIZE IN ENVIRONMENT & ENERGY END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 55 PERMANENT MAGNET MARKET SIZE IN ENVIRONMENT & ENERGY END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON)
           7.6.2 WIND TURBINES
    7.7 AEROSPACE & DEFENSE
           TABLE 56 NUMBER OF NEW AIRPLANES REQUIRED, BY REGION, 2019–2038
           7.7.1 PERMANENT MAGNET MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION
                    TABLE 57 PERMANENT MAGNET MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 58 PERMANENT MAGNET MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2017–2020 (KILOTON)
                    TABLE 59 PERMANENT MAGNET MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 60 PERMANENT MAGNET MARKET SIZE IN AEROSPACE & DEFENSE END-USE INDUSTRY, BY REGION, 2021–2026 (KILOTON)
           7.7.2 ELECTRIC ENGINES
           7.7.3 MAGNETIC BEARINGS
    7.8 OTHERS
           TABLE 61 PERMANENT MAGNET MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2017–2020 (USD MILLION)
           TABLE 62 PERMANENT MAGNET MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2017–2020 (KILOTON)
           TABLE 63 PERMANENT MAGNET MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2021–2026 (USD MILLION)
           TABLE 64 PERMANENT MAGNET MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2021–2026 (KILOTON)

8 PERMANENT MAGNET MARKET, BY REGION (Page No. - 107)
    8.1 INTRODUCTION
           FIGURE 31 CHINA TO BE FASTEST–GROWING PERMANENT MAGNET MARKET
           8.1.1 PERMANENT MAGNET MARKET SIZE BY REGION
                    TABLE 65 PERMANENT MAGNET MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 66 PERMANENT MAGNET MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 67 PERMANENT MAGNET MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 68 PERMANENT MAGNET MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
    8.2 NORTH AMERICA
           FIGURE 32 NORTH AMERICA: PERMANENT MAGNET MARKET SNAPSHOT
           8.2.1 PERMANENT MAGNET MARKET SIZE IN NORTH AMERICA, BY TYPE
                    TABLE 69 NORTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 70 NORTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2017–2020 (KILOTON)
                    TABLE 71 NORTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 72 NORTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2021–2026 (KILOTON)
           8.2.2 PERMANENT MAGNET MARKET SIZE IN NORTH AMERICA, BY END-USE INDUSTRY
                    TABLE 73 NORTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 74 NORTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 75 NORTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                    TABLE 76 NORTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
           8.2.3 PERMANENT MAGNET MARKET SIZE IN NORTH AMERICA, BY COUNTRY
                    TABLE 77 NORTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 78 NORTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 79 NORTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 80 NORTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
                    8.2.3.1 US
                               8.2.3.1.1 Permanent magnet market size in US, by end-use industry
                                           TABLE 81 US: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                           TABLE 82 US: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                           TABLE 83 US: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                                           TABLE 84 US: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    8.2.3.2 Canada
                               8.2.3.2.1 Permanent magnet market size in Canada, by end-use industry
                                           TABLE 85 CANADA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                           TABLE 86 CANADA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                           TABLE 87 CANADA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                                           TABLE 88 CANADA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    8.2.3.3 Mexico
                    8.2.3.4 Permanent magnet market size in Mexico, by end-use industry
                               TABLE 89 MEXICO: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                               TABLE 90 MEXICO: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                               TABLE 91 MEXICO: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                               TABLE 92 MEXICO: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
    8.3 EUROPE
           FIGURE 33 EUROPE: PERMANENT MAGNET MARKET SNAPSHOT
           8.3.1 PERMANENT MAGNET MARKET SIZE IN EUROPE, BY TYPE
                    TABLE 93 EUROPE: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 94 EUROPE: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2017–2020 (KILOTON)
                    TABLE 95 EUROPE: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 96 EUROPE: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2021–2026 (KILOTON)
           8.3.2 PERMANENT MAGNET MARKET SIZE IN EUROPE, BY END-USE INDUSTRY
                    TABLE 97 EUROPE: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 98 EUROPE: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 99 EUROPE: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                    TABLE 100 EUROPE: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
           8.3.3 PERMANENT MAGNET MARKET SIZE IN EUROPE, BY COUNTRY
                    TABLE 101 EUROPE: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 102 EUROPE: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 103 EUROPE: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 104 EUROPE: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
                    8.3.3.1 Germany
                               8.3.3.1.1 Permanent magnet market size in Germany, by end-use industry
                                           TABLE 105 GERMANY: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                           TABLE 106 GERMANY: PERMANENT MAGNET AS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                           TABLE 107 GERMANY: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                                           TABLE 108 GERMANY: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    8.3.3.2 Russia
                               8.3.3.2.1 Permanent magnet market size in Russia, by end-use industry
                                           TABLE 109 RUSSIA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                           TABLE 110 RUSSIA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                           TABLE 111 RUSSIA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                                           TABLE 112 RUSSIA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    8.3.3.3 UK
                               8.3.3.3.1 Permanent magnet market size in UK, by end-use industry
                                           TABLE 113 UK: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                           TABLE 114 UK: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                           TABLE 115 UK: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                                           TABLE 116 UK: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    8.3.3.4 France
                               8.3.3.4.1 Permanent magnet market size in France, by end-use industry
                                           TABLE 117 FRANCE: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                           TABLE 118 FRANCE: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                           TABLE 119 FRANCE: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                                           TABLE 120 FRANCE: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    8.3.3.5 Italy
                               8.3.3.5.1 Permanent magnet market size in Italy, by end-use industry
                               TABLE 121 ITALY: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                               TABLE 122 ITALY: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                               TABLE 123 ITALY: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                               TABLE 124 ITALY: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    8.3.3.6 Rest of Europe
                               TABLE 125 REST OF EUROPE: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                               TABLE 126 REST OF EUROPE: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                               TABLE 127 REST OF EUROPE: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                               TABLE 128 REST OF EUROPE: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
    8.4 APAC
           FIGURE 34 APAC: PERMANENT MAGNET MARKET SNAPSHOT
           8.4.1 PERMANENT MAGNET MARKET SIZE IN APAC, BY TYPE
                    TABLE 129 APAC: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 130 APAC: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2017–2020 (KILOTON)
                    TABLE 131 APAC: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 132 APAC: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2021–2026 (KILOTON)
           8.4.2 PERMANENT MAGNET MARKET SIZE IN APAC, BY END-USE INDUSTRY
                    TABLE 133 APAC: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 134 APAC: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 135 APAC: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                    TABLE 136 APAC: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
           8.4.3 PERMANENT MAGNET MARKET SIZE IN APAC, BY COUNTRY
                    TABLE 137 APAC: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 138 APAC: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 139 APAC: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 140 APAC: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
                    8.4.3.1 China
                               8.4.3.1.1 Permanent magnet market size in China, by end-use industry
                                           TABLE 141 CHINA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                           TABLE 142 CHINA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                           TABLE 143 CHINA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                                           TABLE 144 CHINA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    8.4.3.2 Japan
                               8.4.3.2.1 permanent magnet market size in Japan, by end-use industry
                                           TABLE 145 JAPAN: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                           TABLE 146 JAPAN: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                           TABLE 147 JAPAN: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                                           TABLE 148 JAPAN: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    8.4.3.3 India
                               8.4.3.3.1 Permanent magnet market size in India, by end-use industry
                                           TABLE 149 INDIA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                           TABLE 150 INDIA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                           TABLE 151 INDIA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                                           TABLE 152 INDIA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    8.4.3.4 South Korea
                               8.4.3.4.1 Permanent magnet market size in South Korea, by end-use industry
                                           TABLE 153 SOUTH KOREA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                           TABLE 154 SOUTH KOREA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                           TABLE 155 SOUTH KOREA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                                           TABLE 156 SOUTH KOREA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    8.4.3.5 Indonesia
                               8.4.3.5.1 permanent magnet market size in Indonesia, by end-use industry
                                           TABLE 157 INDONESIA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                           TABLE 158 INDONESIA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                           TABLE 159 INDONESIA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                                           TABLE 160 INDONESIA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    8.4.3.6 Rest of APAC
                               TABLE 161 REST OF APAC: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                               TABLE 162 REST OF APAC: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                               TABLE 163 REST OF APAC: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                               TABLE 164 REST OF APAC: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
    8.5 MEA
           8.5.1 PERMANENT MAGNET MARKET SIZE IN MEA, BY TYPE
                    TABLE 165 MEA: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 166 MEA: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2017–2020 (KILOTON)
                    TABLE 167 MEA: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 168 MEA: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2021–2026 (KILOTON)
           8.5.2 PERMANENT MAGNET MARKET SIZE IN MEA, BY END-USE INDUSTRY
                    TABLE 169 MEA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 170 MEA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 171 MEA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                    TABLE 172 MEA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
           8.5.3 PERMANENT MAGNET MARKET SIZE IN MEA, BY COUNTRY
                    TABLE 173 MEA: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 174 MEA: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 175 MEA: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 176 MEA: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
                    8.5.3.1 Saudi Arabia
                               8.5.3.1.1 Permanent magnet market size in Saudi Arabia, by end-use industry
                                           TABLE 177 SAUDI ARABIA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                           TABLE 178 SAUDI ARABIA: PERMANENT MAGNET AS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                           TABLE 179 SAUDI ARABIA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                                           TABLE 180 SAUDI ARABIA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    8.5.3.2 UAE
                               8.5.3.2.1 Permanent magnet market size in UAE, by end-use industry
                                           TABLE 181 UAE: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                           TABLE 182 UAE: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                           TABLE 183 UAE: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                                           TABLE 184 UAE: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    8.5.3.3 South Africa
                               8.5.3.3.1 permanent magnet market size in South Africa, by end-use industry
                                           TABLE 185 SOUTH AFRICA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                           TABLE 186 SOUTH AFRICA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                           TABLE 187 SOUTH AFRICA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                                           TABLE 188 SOUTH AFRICA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    8.5.3.4 Rest of MEA
                               TABLE 189 REST OF MEA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                               TABLE 190 REST OF MEA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                               TABLE 191 REST OF MEA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                               TABLE 192 REST OF MEA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
    8.6 SOUTH AMERICA
           8.6.1 PERMANENT MAGNET MARKET SIZE IN SOUTH AMERICA, BY TYPE
                    TABLE 193 SOUTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 194 SOUTH AM: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2017–2020 (KILOTON)
                    TABLE 195 SOUTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
                    TABLE 196 SOUTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY TYPE, 2021–2026 (KILOTON)
           8.6.2 PERMANENT MAGNET MARKET SIZE IN SOUTH AMERICA, BY END-USE INDUSTRY
                    TABLE 197 SOUTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 198 SOUTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 199 SOUTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                    TABLE 200 SOUTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
           8.6.3 PERMANENT MAGNET MARKET SIZE IN SOUTH AMERICA, BY COUNTRY
                    TABLE 201 SOUTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 202 SOUTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
                    TABLE 203 SOUTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 204 SOUTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
                    8.6.3.1 Brazil
                               8.6.3.1.1 Permanent magnet market size in Brazil, by end-use industry
                                           TABLE 205 BRAZIL: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                           TABLE 206 BRAZIL: PERMANENT MAGNET AS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                           TABLE 207 BRAZIL: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                                           TABLE 208 BRAZIL: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    8.6.3.2 Argentina
                               8.6.3.2.1 Permanent magnet market size in Argentina, by end-use industry
                                           TABLE 209 ARGENTINA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                           TABLE 210 ARGENTINA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                           TABLE 211 ARGENTINA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                                           TABLE 212 ARGENTINA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    8.6.3.3 Rest of South America
                               TABLE 213 REST OF SOUTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                               TABLE 214 REST OF SOUTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                               TABLE 215 REST OF SOUTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
                               TABLE 216 REST OF SOUTH AMERICA: PERMANENT MAGNET MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)

9 COMPETITIVE LANDSCAPE (Page No. - 181)
    9.1 INTRODUCTION
           FIGURE 35 EXPANSION IS THE KEY GROWTH STRATEGIES ADOPTED BETWEEN 2016 TO 2021
    9.2 MARKET SHARE ANALYSIS
    9.3 MARKET RANKING
           FIGURE 37 RANKING OF TOP FIVE PLAYERS IN THE PERMANENT MAGNET MARKET
    9.4 MARKET EVALUATION FRAMEWORK
           TABLE 218 PERMANENT MAGNET MARKET: NEW PRODUCT LAUNCH/DEVELOPMENT, 2016–2020
           TABLE 219 PERMANENT MAGNET MARKET: DEALS, 2016–2020
           TABLE 220 PERMANENT MAGNET MARKET: OTHER DEVELOPMENTS, 2016–2020
    9.5 REVENUE ANALYSIS OF TOP MARKET PLAYERS
    9.6 COMPANY EVALUATION MATRIX
           9.6.1 STAR
           9.6.2 PERVASIVE
           9.6.3 PARTICIPANTS
           9.6.4 EMERGING LEADERS
                    FIGURE 38 ERMANENT MAGNET MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2020
           9.6.5 STRENGTH OF PRODUCT PORTFOLIO
                    FIGURE 39 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN PERMANENT MAGNET MARKET
           9.6.6 BUSINESS STRATEGY EXCELLENCE
                    FIGURE 40 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN PERMANENT MAGNET MARKET
                    FIGURE 41 PERMANENT MAGNET MARKET: SMALL AND MEDIUM–SIZED ENTERPRISES MAPPING, 2020

10 COMPANY PROFILES (Page No. - 196)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     10.1 KEY COMPANIES
             10.1.1 HITACHI METALS, LTD.
                       FIGURE 42 HITACHI METALS, LTD.: COMPANY SNAPSHOT
             10.1.2 ARNOLD MAGNETIC TECHNOLOGIES
                       TABLE 226 ARNOLD MAGNETIC TECHNOLOGIES: COMPANY OVERVIEW
             10.1.3 YANTAI SHOUGANG MAGNETIC MATERIALS INC.
                       TABLE 227 YANTAI SHOUGANG MAGNETIC MATERIALS INC.: COMPANY OVERVIEW
             10.1.4 TDK CORP.
                       TABLE 228 TDK CORP.: COMPANY OVERVIEW
                       FIGURE 43 TDK CORP.: COMPANY SNAPSHOT
             10.1.5 SHIN–ETSU CHEMICAL CO., LTD.
                       TABLE 229 SHIN–ETSU CHEMICAL CO., LTD.: COMPANY OVERVIEW
                       FIGURE 44 SHIN–ETSU CHEMICAL CO., LTD.: COMPANY SNAPSHOT
             10.1.6 ELECTRON ENERGY CORPORATION
                       TABLE 230 ELECTRON ENERGY CORPORATION: COMPANY OVERVIEW
             10.1.7 ADAMS MAGNETIC PRODUCTS CO., INC.
                       TABLE 231 ADAMS MAGNETIC PRODUCTS CO., INC.: COMPANY OVERVIEW
             10.1.8 BUNTING MAGNETICS CO.
                       TABLE 232 BUNTING MAGNETICS CO.: COMPANY OVERVIEW
             10.1.9 TENGAM ENGINEERING, INC.
                       TABLE 233 TENGAM ENGINEERING, INC.: COMPANY OVERVIEW
             10.1.10 NINGBO YUNSHENG CO., LTD.
                       TABLE 234 NINGBO YUNSHENG CO., LTD.: COMPANY OVERVIEW
             10.1.11 CHENGDU GALAXY MAGNETS CO. LTD.
                       TABLE 235 CHENGDU GALAXY MAGNETS CO. LTD.: COMPANY OVERVIEW
             10.1.12 GOUDSMIT MAGNETICS
                       TABLE 236 GOUDSMIT MAGNETICS: COMPANY OVERVIEW
     10.2 OTHER PLAYERS
             10.2.1 ECLIPSE MAGNETICS
             10.2.2 EARTH–PANDA ADVANCE MAGNETIC MATERIAL CO., LTD.
             10.2.3 HANGZHOU PERMANENT MAGNET GROUP
             10.2.4 JPMF GUANGDONG CO., LTD.
             10.2.5 NINGGANG PERMANENT MAGNETIC MATERIALS CO. LTD.
             10.2.6 THOMAS AND SKINNER INC.
             10.2.7 MAGX AMERICA, INC.
             10.2.8 MAGNUM MAGNETICS CORPORATION
             10.2.9 YANTAI ZHENGHAI MATERIAL CO., LTD.
             10.2.10 INTERMETALLICS JAPAN CORPORATION
             10.2.11 NINGBO CO–STAR MATERIALS HI–TECH CO., LTD.
             10.2.12 RISHENG MAGNETS INTERNATIONAL CO., LTD.
             10.2.13 MOLYCORP MAGNEQUENCH
             10.2.14 VACUUMSCHMELZE GMBH & CO., KG
             10.2.15 PERMANENT MAGNETS LTD.

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

11 APPENDIX (Page No. - 229)
     11.1 DISCUSSION GUIDE
     11.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
     11.3 AVAILABLE CUSTOMIZATIONS
     11.4 RELATED REPORTS
     11.5 AUTHOR DETAILS

The study involves two major activities in estimating the current size of the Permanent magnet market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to determine the extent of market segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources such as annual reports, press releases, and investor presentations of companies; certified publications; articles from recognized authors; gold & silver standard websites; and various databases were referred to for identifying and collecting information for this study.

Secondary research was mainly conducted to obtain key information about the supply chain of the industry, the total pool of players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology & innovation directors, and related key executives from various leading companies and organizations operating in the permanent magnet market. Primary sources from the demand side included procurement managers and experts from end-use industries.

Following is the breakdown of primary respondents:

Permanent Magnet Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total Permanent magnet market. These methods were also used extensively to determine the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall Permanent magnet market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the whole market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, mainly from the highways, bridges & buildings, marine structures & waterfronts, and other applications.

Report Objectives

  • To analyze and forecast the global Permanent magnet market size, in terms of volume and value
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze the market segmentation and forecast the market size based on fiber type, resin type and application.
  • To analyze and forecast the market size based on five main regions, namely, Asia Pacific (APAC), Europe, North America, Middle East & Africa (MEA), and South America
  • To analyze the market with respect to individual growth trends, prospects, and contribution of submarkets to the total market
  • To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
  • To analyze competitive developments such as expansions, partnerships, agreements, new product/technology launch, joint venture, contract, and merger & acquisition in the market
  • To profile key players and comprehensively analyze their market share and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of Rest of APAC Permanent magnet market
  • Further breakdown of Rest of European Permanent magnet market
  • Further breakdown of Rest of North American Permanent magnet market
  • Further breakdown of Rest of MEA Permanent magnet market
  • Further breakdown of Rest of South American Permanent magnet market

Company Information

  • Detailed analysis and profiling of additional market players (up to 10)
Report Code
CH 5116
Published ON
Jul, 2021
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