Japan Sintered Rare Earth Magnets Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 1.1 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
Japan's sintered rare earth magnets market has seen significant growth in recent years, driven by increasing demand across various industries. These magnets, made from rare earth materials, are crucial in producing strong magnetic fields used in numerous applications, including electronics, automotive, and energy sectors. As industries continue to advance, the need for these high-performance magnets has surged, especially in Japan, a global leader in technology and manufacturing.
The most notable types of sintered rare earth magnets in Japan include Neodymium-Iron-Boron (NdFeB) magnets and Samarium-Cobalt (SmCo) magnets. Among these, NdFeB magnets dominate the market due to their high strength and cost-effectiveness, making them suitable for motors, sensors, and actuators. On the other hand, SmCo magnets, although more expensive, are known for their superior heat resistance and corrosion resistance, making them essential in harsh environments.
As industries like automotive, consumer electronics, renewable energy, and electric vehicles (EVs) continue to evolve, their demand for sintered rare earth magnets also grows. In particular, the automotive industry requires these magnets for electric motors, where their compact size and strength are pivotal. The rise of electric vehicles, for instance, is expected to further drive the market, as powerful magnets are integral to the motors in EVs.
Moreover, renewable energy sectors, such as wind turbines, rely heavily on rare earth magnets to convert wind energy into electricity efficiently. Japan’s growing emphasis on clean energy has also boosted demand for sintered rare earth magnets. Notably, industries now require magnets that not only offer high performance but also durability and sustainability.
The increasing need for sintered rare earth magnets across various industries highlights a growing trend in technological advancements. With industries like automotive and energy leading the charge, the market for these essential components is expected to expand, paving the way for innovations and new applications in the near future. As industries push for more efficient, powerful, and eco-friendly solutions, the sintered rare earth magnets market will continue to be a critical factor in Japan's industrial landscape.
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Tokyo Ferrite
TDK
Sura Magnets
AA International Inc
Ningbo Newland Magnetics
DailyMag
Advanced Magnets
MMC Magnetics
INST Magnetic New Materials
Ta Tong Magnet
SIMOTEC Group
Jyun Magnetism Group
Magtech Magnetic Products Corp.
Eclipse Magnetics (Spear & Jackson)
Bunting Europe
Anhui Earth-Panda Advance Magnetic Material
Hengdian Group DMEGC Magnetics
Zhonghao Magnetic Materials
Jiangmen Magsource New Material
Ningbo Beilun Meank Magnet
ACH Magnetics Inc
Zhaobao Permanent Magnet Technology
Hangzhou Vector Magnet
AIC Magnet Ltd
ShinEtsu
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Japan Sintered Rare Earth Magnets Market
Ndfeb (Neodymium-Iron-Boron) Magnets
Samarium-Cobalt (SmCo) Magnets
Alnico Magnets
Ferrite Magnets
Consumer Electronics
Automotive
Industrial Machinery
Renewable Energy
Medical Devices
Electronics & Electrical
Aerospace & Defense
Healthcare
Automotive
Manufacturing
Disk Magnets
Block Magnets
Ring Magnets
Cylinder Magnets
Custom-Shaped Magnets
Sintered Process
Bonded Process
Hot Pressing
Coating and Surface Treatment
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Sintered Rare Earth Magnets 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. Japan Sintered Rare Earth Magnets Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Sintered Rare Earth Magnets Market, By Type
6. Japan Sintered Rare Earth Magnets Market, By Application
7. Japan Sintered Rare Earth Magnets Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Sintered Rare Earth Magnets Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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