Magnetic Materials Market Size, Share Global Outlook and Forecast 2023-2029
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The global Magnetic Materials market was valued at US$ 7460.3 million in 2022 and is projected to reach US$ 13550 million by 2029, at a?CAGR?of 8.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Magnetic material, the magnetic material that says normally is to point to strong magnetic material, it is ancient and the functional material with very extensive use.Over the next eight years, we expect global revenue to grow at a compound annual rate of 9 per cent.China is the world's largest exporter and manufacturer of magnetic materials, while Japan was the second largest market for magnetic materials in 2018.In the industry, the consumer electronics industry has the largest revenue in recent years in 2018, while the communication industry and the computer industry rank the 2nd and 3rd respectively, with market share of 26%, 23% and 22% respectively in 2018. Due to different strategies, the market share gap keeps widening.At present, there are two types of magnetic materials: soft magnetic materials and permanent magnetic materials.Soft magnetic materials are the main type of magnetic materials.
In 2018, the output of soft magnetic materials was about 250,000 tons, accounting for 64 percent of the global share.Magnetic material technology has been relatively mature, new enterprises in the short term can not surpass the reputation and design of the existing well-known brands.The team therefore recommends that new entrants be carefully considered before entering the field.As emerging market application development, such as automotive electronics, LEDTV, LED lighting, EMC, 4 c (computer, communications, radio and television, content service) and 4 g, 5 g communications, smart grid, the Internet of things, such as new energy vehicles in the development of emerging markets, will provide more development for the development of Chinese magnetic material industry new opportunities.Magnetic materials also face two major development opportunities: one is the opportunity for environmental protection and energy conservation, the other is the opportunity brought by the international industrial transfer.With the development of China's environmental protection and the implementation of the national strategy of building a conservation-oriented society soft magnetic ferrite is facing a great historical opportunity.On the one hand, magnetic materials have been applied more fully in recent years under the guidance of energy-saving and environmental protection concepts.
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On the other hand, magnetic materials industry is a high energy consumption and labor-intensive industry. With the increase of energy shortage and labor cost, foreign magnetic materials production is gradually transferred from developed countries to developing countries. Foreign manufacturers have set up factories in China or cooperated with domestic manufacturers to carry out industrial transfer.China's domestic magnetic material manufacturers continue to grow, China has become a major producer of magnetic materials.
This report aims to provide a comprehensive presentation of the global market for Magnetic Materials, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Magnetic Materials. This report contains market size and forecasts of Magnetic Materials in global, including the following market information:
The global Magnetic Materials market was valued at US$ 7460.3 million in 2022 and is projected to reach US$ 13550 million by 2029, at a CAGR of 8.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Magnetic Materials key players include DMEGC, LINGYI iTECH (GUANGDONG) COMPANY, Hitachi Metals, Ltd., TDG HOLDING CO., LTD, etc. Global top four manufacturers hold a share about 65%.
China is the largest market, with a share over 70%, followed by Japan, and North America, both have a share over 15 percent.
In terms of product, Permanent Magnetic Material is the largest segment, with a share about 65%. And in terms of application, the largest application is Consumer, followed by Communications, Computer, Automotive, etc.
We surveyed the Magnetic Materials manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Magnetic Materials Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Kilo MT)
Global Magnetic Materials Market Segment Percentages, by Type, 2022 (%)
Global Magnetic Materials Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Kilo MT)
Global Magnetic Materials Market Segment Percentages, by Application, 2022 (%)
Global Magnetic Materials Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Kilo MT)
Global Magnetic Materials Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters:
Chapter 1: Introduces the definition of Magnetic Materials, market overview.
Chapter 2: Global Magnetic Materials market size in revenue and volume.
Chapter 3: Detailed analysis of Magnetic Materials manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Magnetic Materials in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Magnetic Materials capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
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Table of content
1 Introduction to Research & Analysis Reports
1.1 Magnetic Materials Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Magnetic Materials Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Magnetic Materials Overall Market Size
2.1 Global Magnetic Materials Market Size: 2022 VS 2029
2.2 Global Magnetic Materials Revenue, Prospects & Forecasts: 2018-2029
2.3 Global Magnetic Materials Sales: 2018-2029
3 Company Landscape
3.1 Top Magnetic Materials Players in Global Market
3.2 Top Global Magnetic Materials Companies Ranked by Revenue
3.3 Global Magnetic Materials Revenue by Companies
3.4 Global Magnetic Materials Sales by Companies
3.5 Global Magnetic Materials Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Magnetic Materials Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Magnetic Materials Product Type
3.8 Tier 1, Tier 2 and Tier 3 Magnetic Materials Players in Global Market
3.8.1 List of Global Tier 1 Magnetic Materials Companies
3.8.2 List of Global Tier 2 and Tier 3 Magnetic Materials Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Magnetic Materials Market Siz
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