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Permanent Magnets Market Expected to reach $78 Bn by 2031 growing at a CAGR of 8.5%

PRESS RELEASE: Paid content from KISSPR
Press release content from KISSPR. The AP news staff was not involved in its creation.
December 19, 2022 GMT

12/19/2022, Rockville, MD // Eminent Research and Advisory Services //

A new forecast by Fact.MR estimates that permanent magnets revenues will more than double between 2021 and 2031, reaching US$ 78 Bn at a CAGR of 8.5%. The market is poised to gain traction on the back of growing demand from the consumer electronics industry. Furthermore, traction is provided by the smart homes industry, prompting the market to surpass US$ 34 Bn by 2021.

The latest research on Global Permanent Magnets Market offers a detailed overview of the factors influencing the global business scope. Permanent Magnets Market research report shows the latest market insights, current situation analysis with upcoming trends, and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Permanent Magnets.

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Some of the key players profiled in the study are:

  • Adams Magnetic Products Co.
  • Earth-Panda Advance Magnetic Material Co. Ltd
  • Arnold Magnetic Technologies
  • Daido Steel Co.Ltd.
  • Eclipse Magnetics Ltd.
  • Electron Energy Corporation
  • Goudsmit Magnetics Group
  • Hangzhou Permanent Magnet Group
  • Hitachi Metals Ltd.
  • Magnequench International LLC
  • Ningbo Yunsheng Co. Ltd.
  • Ninggang Permanent Magnetic Materials Co. Ltd.
  • Shin-Etsu Chemical Co. Ltd.
  • TDK Corporation
  • Thomas & Skinner Inc.
  • Vacuumschmelze GMBH & Co. Kg
  • Ugimag Korea Co.Ltd.
  • SsangYong Materials Corp.
  • Pacific Metals Co.

The Global Permanent Magnets market research report displays the market size, share, status, production, cost analysis, and market value with the forecast period 2021-2031. Besides, upstream raw materials, downstream demand analysis, consumption volume, and the market share by segments and sub-segments have also been mentioned. It provides a refined view of the classifications, applications, segmentations, specifications and many more for Permanent Magnets market. Regulatory scenarios that affect the various decisions in the Permanent Magnets market are given a keen observation and have been explained.

Market Segmentation:

Segmentation by Material:

  • Ferrite-based Permanent Magnets
  • Neodymium Iron Boron (NdFeB) Permanent Magnets
  • Aluminum Nickel Cobalt (Alnico) Permanent Magnets
  • Samarium Cobalt (SmCo) Permanent Magnets

Segmentation by application:

  • Permanent Magnets for Automotive Applications
  • Permanent Magnets for Consumer Goods & Electronics
  • Permanent Magnets for Industrial Applications
  • Permanent Magnets for Aerospace & Defense
  • Permanent Magnets for Energy
  • Permanent Magnets for Medical Applications


An honest projection of the Permanent Magnets market landscape has been detailed in the following report. The market report also provides the client with a fresh perspective on the Permanent Magnets market scope and can assist the client to make informed decisions regarding the growth and business opportunities for the selected market. The Permanent Magnets report profiles various market players that have been prominent and help the client to understand them with the help of data regarding their sales, revenue, strategies, and other aspects.

The market details a good analysis of the history of the Permanent Magnets market and provides a detailed forecast for the forthcoming years to ensure a long-term strategy implementation for the clients. All the growth patterns, trends, and future trends have been discussed in the Permanent Magnets market report to make it a one-stop solution for the client.

Need more information about Report Methodology? Click here:

Strategic Points Covered in Table of Content of Global Permanent Magnets Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Permanent Magnets market
Chapter 2: Exclusive Summary – the basic information of the Permanent Magnets Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Permanent Magnets
Chapter 4: Presenting the Permanent Magnets Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2016-2020
Chapter 6: Evaluating the leading manufacturers of the Permanent Magnets market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2031)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, Permanent Magnets Market is a valuable source of guidance for individuals and companies.

FAQs Answered in Market Study

• What will be the market value of Permanent Magnets by the end of 2021?
• What was the CAGR of the market for Permanent Magnets over the past 5 years?
• What is the estimated market value by the end of the forecast period?
• What is the market share of the top 5 players of the Permanent Magnets industry?
• What is the outlook for the North American region?
• How is the European market for Permanent Magnets expected to evolve?
• What are the market statistics for the APAC region?
• Which countries are driving the demand of Permanent Magnets?
• What trends are influencing the Permanent Magnets landscape?

About Fact.MR

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Original Source of the original story >> Permanent Magnets Market Expected to reach $78 Bn by 2031 growing at a CAGR of 8.5%

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