Alloy permanent magnet material Market Revenue was valued at USD 1.5 Billion in 2024 and is estimated to reach USD 3.0 Billion by 2033, growing at a CAGR of 8.2% from 2026 to 2033.
The global Alloy permanent magnet material market was valued at approximately USD 21.5 billion in 2022, with a projected compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. The increasing demand for high-performance magnets in industries such as automotive, electronics, renewable energy, and telecommunications is expected to drive market growth. Among the key regions, North America and Europe are expected to maintain significant market shares due to strong manufacturing bases and technological advancements. The automotive sector, driven by the increasing adoption of electric vehicles, is one of the key drivers for alloy permanent magnet material growth in these regions. Additionally, the renewable energy sector, especially wind energy, is anticipated to continue fueling demand for alloy permanent magnets, owing to their application in wind turbines and generators.
Asia-Pacific is expected to dominate the global Alloy permanent magnet material market, with China leading the region in terms of production and consumption. The region's growth is fueled by its strong industrial base, high demand for consumer electronics, and the growing use of permanent magnets in electric motors. Japan and South Korea are also significant contributors to the market due to their advancements in magnet manufacturing technologies. The rising demand in emerging markets, especially in sectors like automotive and renewable energy, presents ample opportunities for market expansion. Latin America and the Middle East & Africa are expected to witness steady growth due to increasing industrialization and infrastructure development in these regions, while the demand for alloy permanent magnet materials remains moderate in these markets.
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NEOMAX
VAC
TDK
Shinetsu
ZHONG KE SAN HUAN
Zhmag
Magnequench
China-hpmg
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Alloy permanent magnet material Market
Neodymium Iron Boron (NdFeB)
Samarium Cobalt (SmCo)
Alnico
Ferrite
Electronics
Automotive
Industrial Equipment
Energy (Wind and Solar)
Medical Devices
Block Magnets
Disc Magnets
Cylindrical Magnets
Ring Magnets
Custom Shapes
Consumer Electronics
Aerospace and Defense
Renewable Energy
Healthcare
Robotics
Epoxy Coated
Nickel Coated
Gold Coated
Chrome Coated
Passivated
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Alloy permanent magnet material Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Alloy permanent magnet material Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Alloy permanent magnet material Market, By Type
6. Global Alloy permanent magnet material Market, By Application
7. Global Alloy permanent magnet material Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Alloy permanent magnet material Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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