Lucintel anticipates that Asia Pacific will be the fastest growing region in the magnetic material market


   October 23, 2019
According to a market report by Lucintel, the future of the magnetic material market looks promising with opportunities in the automotive, electronics, industrial, and power generation industries. The magnetic material market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth drivers for this market are growing demand from end use industries, environmental concern, and government support & initiatives.

To download report brochure, please go to https://www.lucintel.com/magnetic-material-market.aspx and click "report brochure" tab

In this market, semi-hard magnet, soft magnet, and hard/permanent magnet are the major materials used in the manufacture of magnets. Semi-hard magnetic materials are the largest product type of the magnetic material market.

Within the magnetic material market, automotive, electronics, industrial, power generation, and others are the major applications. Automotive is the largest application segment for magnetic materials.

The Asia Pacific region will remain the largest market over the forecast period due to increasing industrial activities and growing automotive industry.

Hitachi Metals, Ltd., Daido Steel Co., Ltd., Molycorp, Magnequench, Shin-Etsu Chemical Co., Ltd., TDK Corporation, Lynas Corporation Ltd., Arnold Magnetic Technologies Corporation, Electron Energy Corporation, Tengam Engineering, Inc., and Adams Magnetic Products Co., Inc. are among the major manufacturers of magnetic materials.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the magnetic material market by material type, application, and region. Lucintel has prepared a comprehensive research report entitled "Magnetic Material Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the magnetic materials market by material type, application, and region as follows:

By Material Type [$M shipment analysis for 2013 – 2024]:



  • Semi-Hard Magnetic Material


  • Soft Magnetic Material


  • Hard/Permanent Magnet Material


By Application [$M shipment analysis for 2013 – 2024]:



  • Automotive


  • Electronics


  • Industrial


  • Power Generation


  • Others


By Region [$M shipment analysis for 2013 – 2024]:



  • North America


    • United States


    • Canada


    • Mexico




  • Europe


    • UK


    • Germany


    • Italy




  • Asia Pacific


    • China


    • Japan


    • India




  • Rest of the World


This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/magnetic-material-market.aspx or helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.


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