Global Magnetic Materials Market 2025-2029

Magnetic Materials Market 2025-2029

The magnetic materials market is forecasted to grow by USD 16323.6 million during 2024-2029, accelerating at a CAGR of 7.3% during the forecast period. The report on the magnetic materials market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased applicability of magnetic materials in computer application industry, increased investment in magnetic materials, and increase in iron ore production volume.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's magnetic materials market is segmented as below:

By Application

• Automotive and transportation
• E and I
• Industrial
• Others

By Product

• Hard magnetic materials
• Soft magnetic materials

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the AI simulations for magnetic material geometry designs as one of the prime reasons driving the magnetic materials market growth during the next few years. Also, increasing use of nanocrystalline magnetic particles in biomedical industry and increased emphasis on semi-hard magnets will lead to sizable demand in the market.

The report on the magnetic materials market covers the following areas:

• Magnetic Materials Market sizing
• Magnetic Materials Market forecast
• Magnetic Materials Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading magnetic materials market vendors that include Alliance LLC, Arnold Magnetic Technologies Corp., Carpenter Technology Corp., Daido Steel Co. Ltd., DEXTER MAGNETIC TECHNOLOGIES, Dura Magnetics, Electron Energy Corp., Grundfos Holding AS, Hengdian Group Holdings Ltd., Hitachi Ltd., Lynas Rare Earths Ltd., Magna Tronix, Magnaworks Technology Inc., Magnet Expert Ltd., Merck KGaA, Nippon Steel Corp., TDK Corp., The InterTech Group Inc., Toshiba Corp., and TyTek Group. Also, the magnetic materials market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.