Summary

Advanced Magnetic Materials Market Size
The global advanced magnetic materials market size was valued at $26.69 billion in 2024 and is projected to reach $48.07 billion by 2030, growing at a CAGR of 10.3% during the forecast period.

Advanced Magnetic Materials Market Overview
Advanced magnetic materials refer to a category of materials engineered to possess enhanced magnetic properties, surpassing traditional ferromagnetic materials in efficiency, sensitivity, or other functional attributes. These materials are designed with precise composition and microstructure adjustments to exhibit specific magnetic behaviors, such as high coercivity, improved magnetic permeability, or exceptional stability under varying conditions. Advanced magnetic materials find applications in diverse fields, including electronics, telecommunications, medical devices, and energy technologies, where their unique magnetic properties enable superior performance and innovation in magnetic sensors, data storage devices, actuators, and more.

Advanced Magnetic Materials Market Dynamics
• The advanced magnetic materials market is expected to witness significant growth in the future due to the increasing demand for data storage solutions, growth in electronics and telecommunications sectors, and the advancements in medical imaging technologies.
• Additionally, the rise in renewable energy applications and technological advancements in magnetic materials are the prominent factors driving the growth of the market.
• However, the high costs associated with advanced materials, regulatory challenges in various regions, and limited availability of rare earth metals are restraining the market growth.
• On the contrary, the development of magnetic materials for 5G technology, expansion of automotive applications, emerging opportunities in aerospace and defense sectors, and integration of magnetic materials in IoT devices are creating opportunities for market growth.

By End User, the Power Generation Segment is anticipated to Hold Major Share in the Advanced Magnetic Materials Market
The power generation segment is expected to dominate the market share during the forecast period owing to their role in improving the efficiency, reliability, and performance of electrical equipment and renewable energy technologies. These materials are essential for enhancing the efficiency of electrical generators and motors, reducing energy losses through improved magnetic properties such as high coercivity and low hysteresis losses. In renewable energy applications, such as wind turbines and solar power systems, advanced magnetic materials contribute to higher energy conversion efficiencies and reduced maintenance costs. Moreover, as the global shift towards sustainable energy sources accelerates, there is a growing need for magnetic materials that can withstand harsh operating conditions and contribute to the development of more compact and powerful electrical components. This trend is driving investments in research and development aimed at further advancing magnetic materials to meet the increasing demands of the power generation sector for cleaner, more efficient energy solutions.

By Geography, Asia Pacific is expected to grow at a highest CAGR during the forecast period
Asia Pacific is anticipated to experience the highest compound annual growth rate during the forecast period. Asia Pacific is a hub of manufacturing activities, particularly in electronics, automotive, and renewable energy sectors, where advanced magnetic materials play a crucial role in enhancing product performance and efficiency. The region's rapid industrialization and urbanization have led to increased demand for consumer electronics, electric vehicles, and renewable energy technologies, all of which rely heavily on advanced magnetic materials for their magnetic properties and durability. Moreover, governments in countries like China, Japan, and South Korea are investing heavily in renewable energy infrastructure, driving the need for efficient magnetic materials in wind turbines, solar panels, and energy storage systems. Additionally, the presence of a robust research and development ecosystem in countries like Japan and South Korea supports continuous innovation in magnetic materials, further driving their demand across various industrial applications in the region.
• According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2021, China constituted 32.5% of global automotive production. Furthermore, in October 2020, Pacifico Energy started building a 54-MW solar project in Sano-shi, Tochigi Prefecture, Japan, marking its 13th plant in the country.

Key Target Audience:
• Electronics Manufacturers
• Automotive Industry
• Renewable Energy Companies
• Medical Device Manufacturers
• Aerospace and Defense Sector
• Research Institutions and Universities
• Government Agencies and Regulatory Bodies

List of the Key Players Profiled in the Report Includes:
• Adams Magnetic Products Co. Inc
• Anhui Sinomag Technology Co. Ltd
• Arnold Magnetic Technologies
• Daido Steel Ltd
• Dexter Magnetic Technologies
• Electron Energy Corporation
• Hitachi Metals Ltd
• Master Magnetics Inc
• Neo
• Shin-Etsu Chemical Co. Ltd
• TDK Corporation
• Yantai Dongxing Magnetic Materials Inc

Recent Developments:
• In July 2023, Neo Magnequench, a division of Neo Performance Materials Inc. ("Neo" or the "Company") listed on the TSX under NEO, commenced the construction of Europe's inaugural rare earth magnet manufacturing facility. The facility is tailored for producing specialized rare earth permanent magnets essential for electric vehicles, wind turbines, and other clean energy technologies.
• In May 2023, TDK Corporation expanded its Flexield line of magnetic shielding materials by introducing the IFQ06. This new addition features high permeability (μ’) and low magnetic loss (μ”), specifically engineered for near-field communications (NFC) applications. The IFQ06 material offers effective protection against potential design challenges in NFC, such as interference from metallic objects positioned directly behind the antenna, ensuring optimized performance.

Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Type:
• Soft Magnetic Materials
• Semi-Hard Magnetic Materials
• Permanent Magnetic Materials

Market by, End User:
• Power Generation
• Medical
• Industrial
• Electronics
• Automotive
• Other End Users

Market by, Geography:
The advanced magnetic materials market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:
The report “Global Advanced Magnetic Materials Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:
• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.

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Table of Contents

1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations

2 Executive Summary

3 Research Methodology
3.1 Identification of Data
3.2 Data Analysis
3.3 Verification
3.4 Data Sources
3.5 Assumptions

4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges

5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market

6 Global Advanced Magnetic Materials Market by, Type
6.1 Overview
6.2 Soft Magnetic Materials
6.3 Semi-Hard Magnetic Materials
6.4 Permanent Magnetic Materials

7 Global Advanced Magnetic Materials Market by, End User
7.1 Overview
7.2 Power Generation
7.2.1 Generators
7.2.2 Wind Turbines
7.3 Medical
7.3.1 Scanning Devices
7.3.2 Implantable Devices
7.4 Industrial
7.4.1 Magnetic Assemblies
7.4.2 Magnetic Separators
7.5 Electronics
7.5.1 DC Motors
7.5.2 Loudspeakers
7.6 Automotive
7.6.1 Motors
7.6.2 Sensors
7.6.3 Switches
7.6.4 Electric engines
7.6.5 Magnetic bearings
7.7 Other End Users
7.7.1 Aerospace & Defense
7.7.2 Household Equipment
7.7.3 Scientific and Laboratory Equipment

8 Global Advanced Magnetic Materials Market by, Geography
8.1 Overview
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Italy
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 South Korea
8.4.5 Australia
8.4.6 New Zealand
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Brazil
8.5.2 Argentina
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 UAE
8.6.2 Saudi Arabia
8.6.3 Qatar
8.6.4 Iran
8.6.5 South Africa
8.6.6 Rest of Middle East & Africa

9 Key Developments

10 Company Profiling
10.1 Adams Magnetic Products Co. Inc
10.1.1 Business Overview
10.1.2 Product/Service Offering
10.1.3 Financial Overview
10.1.4 SWOT Analysis
10.1.5 Key Activities
10.2 Anhui Sinomag Technology Co. Ltd
10.3 Arnold Magnetic Technologies
10.4 Daido Steel Ltd
10.5 Dexter Magnetic Technologies
10.6 Electron Energy Corporation
10.7 Hitachi Metals Ltd
10.8 Master Magnetics Inc
10.9 Neo
10.10 Shin-Etsu Chemical Co. Ltd
10.11 TDK Corporation
10.12 Yantai Dongxing Magnetic Materials Inc