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Global Rare Earth Magnet Market: By Magnet Type: NdFeB Magnets, SmCo Magnets; By Application: NdFeB Magnets, SmCo Magnets; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Manufacturing Process; Competitive Landscape; Industry Events and Developments

Global Rare Earth Magnet Market Outlook

The global rare earth magnet market reached a value of USD 12,371 million in 2020. The industry is further expected to grow at a CAGR of 7.1% in the forecast period of 2021-2026 to attain USD 19,042 million by 2026.

 

Global Rare Earth Magnet Market

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China to Account for a Significant Share in the Global Rare Earth Magnet Industry

Due to strict regulatory policies on environmental protection, supportive government measures towards energy conservation, and increasing customer knowledge about product quality, the rare earth magnet industry is experiencing profitable growth in China. Since the past few years, there has been a continuous rise in demand for permanent magnets with the growing demand for industrial goods in the Asia Pacific region, which is aiding the industry growth. Moreover, the new technology offers a major reduction in maintenance costs, which is why it has been well received by a large number of buyers from various industries. The manufacturers are investing in Asian economies such as India and China because of their low production costs and growing industrialisation. The size of the rare earth magnet industry is expected to be driven by a positive outlook for the automotive and electronic sectors, as well as rapid industrialisation in the country. Furthermore, the increasing public and private sector investments in small and medium scale industries are anticipated to drive the regional market growth in the future.

 

Global Rare Earth Magnet Market By Type

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Rare Earth Magnet: Industry Definition and Segmentation

Rare earth magnets are permanent magnets made from magnetised materials that produce their own magnetic field. Rare earth element alloys such as neodymium, samarium, and dysprosium are among them. Rare earth permanent magnets, unlike electromagnets, do not lose their magnetic properties until they are heated above the Curie temperature.

The market is divided based on magnet type into:

  • NdFeB Magnets
  • SmCo Magnets

On the basis of application, the industry is segmented into:

  • NdFeB Magnets
    • Automobile
    • Electronics 
    • Power Generators
    • Medical Industry  
    • Wind Power
    • Others
  • SmCo Magnets
    • Defence
    • Aerospace
    • Electronics
    • Medical Devices
    • Others

The major regional markets for the product include China, Japan, Europe, and the United States, among others.

 

Global Rare Earth Magnet Market By Region

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Technological Advancements to Bolster the Growth of the Global Rare Earth Magnet Industry

Major factors expected to drive the rare earth magnet industry during the forecast period include growth in the automotive industry due to technological advances, population growth, and increased consumer goods demand. Due to the growing consumer spending and the increasing internet penetration across the world, the global rare earth elements market is being driven by the rising sales of electronic devices such as mobile phones, tablets, televisions, and computers. Thanks to rising customer awareness and government initiatives and schemes, the selling of electric and hybrid vehicles is increasing around the world, propelling the rare earth elements market forward. Furthermore, the rare earth magnet industry is expected to benefit from substantial expansion of the wind energy generation industry as a result of rapid industrialisation, population growth, and increased demand for electricity. The rare earth magnet demand is expected to be hampered by price fluctuations in rare earth materials such as dysprosium and neodymium as a result of China's ban on exporting rare earth elements to other regions. Rare earth magnets are produced in an industrial setting by casting or sintering magnetic metallic elements and composites of rare earth materials. Rare earth permanent magnets include neodymium-iron-boron (NdFeB), samarium cobalt (SmCo), and SmFeN, to name a few. Over the next few years, the market is expected to benefit from the expanding application spectrum of magnets in HEVs and an increase in demand for higher-performing vehicles.

 

Key Industry Players in the Global Rare Earth Magnet Market

The report gives a detailed analysis of the following key players in the global rare earth magnet market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Hitachi Metals, Ltd.
  • Shin-Etsu Chemical Co., Ltd 
  • Arnold Magnetic Technologies
  • Bunting Magnetics Co.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Magnet Type, Application, Region
Breakup by Magnet Type NdFeB Magnets, SmCo Magnets
Breakup by Application NdFeB Magnets, SmCo Magnets
Breakup by Region China, Japan, Europe, United States, Others
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Hitachi Metals, Ltd., Shin-Etsu Chemical Co., Ltd, Arnold Magnetic Technologies, Bunting Magnetics Co., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Rare Earth Magnet Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Rare Earth Magnet Historical Market (2016-2020) 
    8.3    Global Rare Earth Magnet Market Forecast (2021-2026)
    8.4    Global Rare Earth Magnet Market by Magnet Type 
        8.4.1    NdFeB Magnets
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    SmCo Magnets
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Rare Earth Magnet Market by Application
        8.5.1    NdFeB Magnets
            8.5.1.1    Automobile
                8.5.1.1.1    Market Share
                8.5.1.1.2    Historical Trend (2016-2020)
                8.5.1.1.3    Forecast Trend (2021-2026)
            8.5.1.2    Electronics 
                8.5.1.2.1    Market Share
                8.5.1.2.2    Historical Trend (2016-2020)
                8.5.1.2.3    Forecast Trend (2021-2026)
            8.5.1.3    Power Generators
                8.5.1.3.1    Market Share
                8.5.1.3.2    Historical Trend (2016-2020)
                8.5.1.3.3    Forecast Trend (2021-2026)
            8.5.1.4    Medical Industry 
                8.5.1.4.1    Market Share
                8.5.1.4.2    Historical Trend (2016-2020)
                8.5.1.4.3    Forecast Trend (2021-2026)
            8.5.1.5    Wind Power
                8.5.1.5.1    Market Share
                8.5.1.5.2    Historical Trend (2016-2020)
                8.5.1.5.3    Forecast Trend (2021-2026)
            8.5.1.6    Others
        8.5.2    SmCo Magnets
            8.5.2.1    Defence
                8.5.2.1.1    Market Share
                8.5.2.1.2    Historical Trend (2016-2020)
                8.5.2.1.3    Forecast Trend (2021-2026)
            8.5.2.2    Aerospace
                8.5.2.2.1    Market Share
                8.5.2.2.2    Historical Trend (2016-2020)
                8.5.2.2.3    Forecast Trend (2021-2026)
            8.5.2.3    Electronics
                8.5.2.3.1    Market Share
                8.5.2.3.2    Historical Trend (2016-2020)
                8.5.2.3.3    Forecast Trend (2021-2026)
            8.5.2.4    Medical Devices
                8.5.2.4.1    Market Share
                8.5.2.4.2    Historical Trend (2016-2020)
                8.5.2.4.3    Forecast Trend (2021-2026)
            8.5.2.5    Others
    8.6    Global Rare Earth Magnet Market by Region
        8.6.1    Market Share
            8.6.1.1    China
            8.6.1.2    Japan
            8.6.1.3    Europe
            8.6.1.4    United States
            8.6.1.5    Others
9    Regional Analysis
    9.1    China
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
    9.2    Japan
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
    9.3    Europe
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
    9.4    United States
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Manufacturing Process

    12.1    Overview
    12.2    Detailed Process Flow
    12.3    Operations Involved
13    Project Details and Cost Analysis
    13.1    Land, Location and Site Development
    13.2    Construction
    13.3    Plant Layout
    13.4    Plant Machinery
    13.5    Raw Material Requirement
    13.6    Packaging
    13.7    Transportation
    13.8    Utilities
    13.9    Manpower
    13.10    Other Capital Investment
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Hitachi Metals, Ltd.
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Shin-Etsu Chemical Co., Ltd
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Arnold Magnetic Technologies
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Bunting Magnetics Co.
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Others
15    Industry Events and Developments

 

List of Figures and Tables

1.    Global Rare Earth Magnet Market: Key Industry Highlights, 2016 and 2026
2.    Global Rare Earth Magnet Historical Market: Breakup by Magnet Type (USD Million), 2016-2020
3.    Global Rare Earth Magnet Market Forecast: Breakup by Magnet Type (USD Million), 2021-2026
4.    Global Rare Earth Magnet Historical Market: Breakup by Application (USD Million), 2016-2020
5.    Global Rare Earth Magnet Market Forecast: Breakup by Application (USD Million), 2021-2026
6.    Global Rare Earth Magnet Historical Market: Breakup by Region (USD Million), 2016-2020
7.    Global Rare Earth Magnet Market Forecast: Breakup by Region (USD Million), 2021-2026
8.    Global Rare Earth Magnet Market Structure

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