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Chemicals & Materials
Global Rare Earth Magnet Market Research Report 2023(Status and Outlook)
By Type : Sintered Neodymium Magnet, Bonded Neodymium Magnet, Others
By Application : EV, Other Automotive, Air Conditioning, Aerospace & Defense, Wind Energy, Consumer Goods & Electron
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Report Overview:
The global rare earth magnet market report provides a comprehensive overview of the rare earth magnet industry, focusing on aspects such as market size, share, revenue growth, technological innovations, opportunities, and challenges. The report is a complete integration of key market trends, opportunities, and impact on the market value.
The global rare earth magnet market is expected to reach USD 13200 million in 2028 and register a revenue CAGR of 5.30% during the forecast period. This can be attributed to factors such as rising demand for electric vehicles and hybrid electric vehicles, rapid advancements in rare earth magnet production, and increasing investments in renewable energy projects.
Rare earth magnets are a type of permanent magnet made from several alloys of rare earth metals such as neodymium, samarium, and dysprosium. These magnets are best known for their strong magnetic properties and are widely used across various sectors such as automotive, industrial, consumer electronics, healthcare, medicine, aerospace, and energy. These magnets are composed of rare earth metals and transition metals such as iron, cobalt, and nickel.
Rare earth magnets have high magnetic strength, making them an ideal choice for applications where strong magnetic fields are required. Some of the key advantages of rare earth magnets over other types of magnets include high magnetic strength, high coercivity, low strength-to-weight ratio, and corrosion resistance. Factors such as rapidly expanding automotive industry, growing demand from the wind energy sector, rising sales of electric vehicles, and advanced consumer electronic goods are expected to boost global market growth during the forecast period.
However, high cost of rare earth metals, limited supply of rare earth metals, rising environmental concerns related to mining and production of rare earth metals, and growing preference for alternative materials are some key factors expected to hamper the overall market growth to a certain extent during the forecast period.
Bonded Neodymium Magnet Segment to Register Rapid Revenue CAGR:
The bonded neodymium magnet is expected to register rapid revenue growth during the forecast period. This can be attributed to high usage of bonded neodymium magnets in electric motors, sensors, medical devices, and consumer electronics and rising preference for these magnets over bonded neodymium magnets due to shape versatility, high dimensional accuracy, low tooling costs, and high corrosion resistance.
EV Segment to Account for Largest Revenue Share:
The EV segment is expected to account for largest revenue share between 2023 and 2028. Factors such as rapidly expanding automotive sector, rising production of electric vehicles and hybrid electric vehicles, growing demand for EVs and HEVs, and increasing investments in R&D projects to improve the performance and reduce the cost of rare earth magnets for the EV sector are expected to drive segment revenue growth during the forecast period.
North America to Lead in Terms of Revenue Share:
North America is expected to account for largest revenue share during the forecast period owing to high consumption of rare earth magnets across the region for various applications, rising production facilities, and several government initiatives to develop more secure and sustainable rare earth magnet supply chain. Moreover, rising demand for electric vehicles and latest electronic gadgets and presence of leading market players are expected to drive North America market growth during the forecast period.
Some Companies Listed in the Report:
· Hitachi Metals Group
· Shin-Etsu
· TDK
· VAC
· Beijing Zhong Ke San Huan Hi-Tech
· Yunsheng Company
· YSM
· JL MAG
· ZHmag
· Jingci Material Science
· AT&M
· NBJJ
· Innuovo Magnetics
· SGM
· Galaxy Magnetic
· Zhejiang Zhongyuan Magnetic Industry Limited
· Earth-Panda
· Magsuper
· Daido Electronics
· Tianhe Magnetics
Rare Earth Magnet Industry Recent Developments:
· In September 2022, University of Birmingham announced the launch of a pilot recycling plant for rare earth magnets.
· In September 2022, Solvay Group announced its plan to invest in rare earths magnet value chain to cater to rapidly expanding electric vehicles, clean energy and electronics market.
The global rare earth magnet market has been segmented based on type, application, and region:
Rare Earth Magnet Market Segment by Type:
· Sintered Neodymium Magnet
· Bonded Neodymium Magnet
· Others
Rare Earth Magnet Market Segment by Application:
· EV
· Other Automotive
· Air Conditioning
· Aerospace & Defense
· Wind Energy
· Consumer Goods & Electronics
· Industrial Machinery
· Others
Rare Earth Magnet Market Segment by Region:
· North America (USA, Canada, Mexico)
· Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
· Asia Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia Pacific)
· South America (Brazil, Argentina, Columbia, Rest of South America)
· The Middle East & Africa (Saudi Arabia, U.A.E, Egypt, Nigeria, South Africa, Rest of MEA)
Key Questions Addressed:
· What revenue CAGR is the global market expected to register during the forecast period?
· Which key players are leading in the global rare earth magnet market?
· What is the expected market size of the global rare earth magnet market between 2023 and 2028?
· What factors are expected to open new growth avenues and opportunities for existing and emerging market players?
· What are some of the key challenges that the global market is expected to face during the forecast period?
· Which region is expected to account for largest revenue share over the forecast period?
Customization of the Report
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Chapter Outline:
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Rare Earth Magnet Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the 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 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to 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 8 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, and capacity of each country in the world.
Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.
Chapter 12 is the main points and conclusions of the report.
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TABLE OF CONTENTS
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Rare Earth Magnet
1.2 Key Market Segments
1.2.1 Rare Earth Magnet Segment by Type
1.2.2 Rare Earth Magnet Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Rare Earth Magnet Market Overview
2.1 Global Market Overview
2.1.1 Global Rare Earth Magnet Market Size (M USD) Estimates and Forecasts (2017-2028)
2.1.2 Global Rare Earth Magnet Sales Estimates and Forecasts (2017-2028)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Rare Earth Magnet Market Competitive Landscape
3.1 Global Rare Earth Magnet Sales by Manufacturers (2017-2022)
3.2 Global Rare Earth Magnet Revenue Market Share by Manufacturers (2017-2022)
3.3 Rare Earth Magnet Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Rare Earth Magnet Average Price by Manufacturers (2017-2022)
3.5 Manufacturers Rare Earth Magnet Sales Sites, Area Served, Product Type
3.6 Rare Earth Magnet Market Competitive Situation and Trends
3.6.1 Rare Earth Magnet Market Concentration Rate
3.6.2 Global 5 and 10 Largest Rare Earth Magnet Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Rare Earth Magnet Industry Chain Analysis
4.1 Rare Earth Magnet Industry Chain Analysis
4.2 Market Overview and Market Concentration Analysis of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Rare Earth Magnet Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Rare Earth Magnet Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Rare Earth Magnet Sales Market Share by Type (2017-2022)
6.3 Global Rare Earth Magnet Market Size Market Share by Type (2017-2022)
6.4 Global Rare Earth Magnet Price by Type (2017-2022)
7 Rare Earth Magnet Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Rare Earth Magnet Market Sales by Application (2017-2022)
7.3 Global Rare Earth Magnet Market Size (M USD) by Application (2017-2022)
7.4 Global Rare Earth Magnet Sales Growth Rate by Application (2017-2022)
8 Rare Earth Magnet Market Segmentation by Region
8.1 Global Rare Earth Magnet Sales by Region
8.1.1 Global Rare Earth Magnet Sales by Region
8.1.2 Global Rare Earth Magnet Sales Market Share by Region
8.2 North America
8.2.1 North America Rare Earth Magnet Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Rare Earth Magnet Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Rare Earth Magnet Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Rare Earth Magnet Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Rare Earth Magnet Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profiled
9.1 Hitachi Metals Group
9.1.1 Hitachi Metals Group Rare Earth Magnet Basic Information
9.1.2 Hitachi Metals Group Rare Earth Magnet Product Overview
9.1.3 Hitachi Metals Group Rare Earth Magnet Product Market Performance
9.1.4 Hitachi Metals Group Business Overview
9.1.5 Hitachi Metals Group Rare Earth Magnet SWOT Analysis
9.1.6 Hitachi Metals Group Recent Developments
9.2 Shin-Etsu
9.2.1 Shin-Etsu Rare Earth Magnet Basic Information
9.2.2 Shin-Etsu Rare Earth Magnet Product Overview
9.2.3 Shin-Etsu Rare Earth Magnet Product Market Performance
9.2.4 Shin-Etsu Business Overview
9.2.5 Shin-Etsu Rare Earth Magnet SWOT Analysis
9.2.6 Shin-Etsu Recent Developments
9.3 TDK
9.3.1 TDK Rare Earth Magnet Basic Information
9.3.2 TDK Rare Earth Magnet Product Overview
9.3.3 TDK Rare Earth Magnet Product Market Performance
9.3.4 TDK Business Overview
9.3.5 TDK Rare Earth Magnet SWOT Analysis
9.3.6 TDK Recent Developments
9.4 VAC
9.4.1 VAC Rare Earth Magnet Basic Information
9.4.2 VAC Rare Earth Magnet Product Overview
9.4.3 VAC Rare Earth Magnet Product Market Performance
9.4.4 VAC Business Overview
9.4.5 VAC Rare Earth Magnet SWOT Analysis
9.4.6 VAC Recent Developments
9.5 Beijing Zhong Ke San Huan Hi-Tech
9.5.1 Beijing Zhong Ke San Huan Hi-Tech Rare Earth Magnet Basic Information
9.5.2 Beijing Zhong Ke San Huan Hi-Tech Rare Earth Magnet Product Overview
9.5.3 Beijing Zhong Ke San Huan Hi-Tech Rare Earth Magnet Product Market Performance
9.5.4 Beijing Zhong Ke San Huan Hi-Tech Business Overview
9.5.5 Beijing Zhong Ke San Huan Hi-Tech Rare Earth Magnet SWOT Analysis
9.5.6 Beijing Zhong Ke San Huan Hi-Tech Recent Developments
9.6 Yunsheng Company
9.6.1 Yunsheng Company Rare Earth Magnet Basic Information
9.6.2 Yunsheng Company Rare Earth Magnet Product Overview
9.6.3 Yunsheng Company Rare Earth Magnet Product Market Performance
9.6.4 Yunsheng Company Business Overview
9.6.5 Yunsheng Company Recent Developments
9.7 YSM
9.7.1 YSM Rare Earth Magnet Basic Information
9.7.2 YSM Rare Earth Magnet Product Overview
9.7.3 YSM Rare Earth Magnet Product Market Performance
9.7.4 YSM Business Overview
9.7.5 YSM Recent Developments
9.8 JL MAG
9.8.1 JL MAG Rare Earth Magnet Basic Information
9.8.2 JL MAG Rare Earth Magnet Product Overview
9.8.3 JL MAG Rare Earth Magnet Product Market Performance
9.8.4 JL MAG Business Overview
9.8.5 JL MAG Recent Developments
9.9 ZHmag
9.9.1 ZHmag Rare Earth Magnet Basic Information
9.9.2 ZHmag Rare Earth Magnet Product Overview
9.9.3 ZHmag Rare Earth Magnet Product Market Performance
9.9.4 ZHmag Business Overview
9.9.5 ZHmag Recent Developments
9.10 Jingci Material Science
9.10.1 Jingci Material Science Rare Earth Magnet Basic Information
9.10.2 Jingci Material Science Rare Earth Magnet Product Overview
9.10.3 Jingci Material Science Rare Earth Magnet Product Market Performance
9.10.4 Jingci Material Science Business Overview
9.10.5 Jingci Material Science Recent Developments
9.11 AT&M
9.11.1 AT&M Rare Earth Magnet Basic Information
9.11.2 AT&M Rare Earth Magnet Product Overview
9.11.3 AT&M Rare Earth Magnet Product Market Performance
9.11.4 AT&M Business Overview
9.11.5 AT&M Recent Developments
9.12 NBJJ
9.12.1 NBJJ Rare Earth Magnet Basic Information
9.12.2 NBJJ Rare Earth Magnet Product Overview
9.12.3 NBJJ Rare Earth Magnet Product Market Performance
9.12.4 NBJJ Business Overview
9.12.5 NBJJ Recent Developments
9.13 Innuovo Magnetics
9.13.1 Innuovo Magnetics Rare Earth Magnet Basic Information
9.13.2 Innuovo Magnetics Rare Earth Magnet Product Overview
9.13.3 Innuovo Magnetics Rare Earth Magnet Product Market Performance
9.13.4 Innuovo Magnetics Business Overview
9.13.5 Innuovo Magnetics Recent Developments
9.14 SGM
9.14.1 SGM Rare Earth Magnet Basic Information
9.14.2 SGM Rare Earth Magnet Product Overview
9.14.3 SGM Rare Earth Magnet Product Market Performance
9.14.4 SGM Business Overview
9.14.5 SGM Recent Developments
9.15 Galaxy Magnetic
9.15.1 Galaxy Magnetic Rare Earth Magnet Basic Information
9.15.2 Galaxy Magnetic Rare Earth Magnet Product Overview
9.15.3 Galaxy Magnetic Rare Earth Magnet Product Market Performance
9.15.4 Galaxy Magnetic Business Overview
9.15.5 Galaxy Magnetic Recent Developments
9.16 Zhejiang Zhongyuan Magnetic Industry Limited
9.16.1 Zhejiang Zhongyuan Magnetic Industry Limited Rare Earth Magnet Basic Information
9.16.2 Zhejiang Zhongyuan Magnetic Industry Limited Rare Earth Magnet Product Overview
9.16.3 Zhejiang Zhongyuan Magnetic Industry Limited Rare Earth Magnet Product Market Performance
9.16.4 Zhejiang Zhongyuan Magnetic Industry Limited Business Overview
9.16.5 Zhejiang Zhongyuan Magnetic Industry Limited Recent Developments
9.17 Earth- Panda
9.17.1 Earth- Panda Rare Earth Magnet Basic Information
9.17.2 Earth- Panda Rare Earth Magnet Product Overview
9.17.3 Earth- Panda Rare Earth Magnet Product Market Performance
9.17.4 Earth- Panda Business Overview
9.17.5 Earth- Panda Recent Developments
9.18 Magsuper
9.18.1 Magsuper Rare Earth Magnet Basic Information
9.18.2 Magsuper Rare Earth Magnet Product Overview
9.18.3 Magsuper Rare Earth Magnet Product Market Performance
9.18.4 Magsuper Business Overview
9.18.5 Magsuper Recent Developments
9.19 Daido Electronics
9.19.1 Daido Electronics Rare Earth Magnet Basic Information
9.19.2 Daido Electronics Rare Earth Magnet Product Overview
9.19.3 Daido Electronics Rare Earth Magnet Product Market Performance
9.19.4 Daido Electronics Business Overview
9.19.5 Daido Electronics Recent Developments
9.20 Tianhe Magnetics
9.20.1 Tianhe Magnetics Rare Earth Magnet Basic Information
9.20.2 Tianhe Magnetics Rare Earth Magnet Product Overview
9.20.3 Tianhe Magnetics Rare Earth Magnet Product Market Performance
9.20.4 Tianhe Magnetics Business Overview
9.20.5 Tianhe Magnetics Recent Developments
10 Rare Earth Magnet Market Forecast by Region
10.1 Global Rare Earth Magnet Market Size Forecast
10.2 Global Rare Earth Magnet Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Rare Earth Magnet Market Size Forecast by Country
10.2.3 Asia Pacific Rare Earth Magnet Market Size Forecast by Region
10.2.4 South America Rare Earth Magnet Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Rare Earth Magnet by Country
11 Forecast Market by Type and by Application (2023-2028)
11.1 Global Rare Earth Magnet Market Forecast by Type (2023-2028)
11.1.1 Global Forecasted Sales of Rare Earth Magnet by Type (2023-2028)
11.1.2 Global Rare Earth Magnet Market Size Forecast by Type (2023-2028)
11.1.3 Global Forecasted Price of Rare Earth Magnet by Type (2023-2028)
11.2 Global Rare Earth Magnet Market Forecast by Application (2023-2028)
11.2.1 Global Rare Earth Magnet Sales (K MT) Forecast by Application
11.2.2 Global Rare Earth Magnet Market Size (M USD) Forecast by Application (2023-2028)
12 Conclusion and Key Findings
Tables and Figures
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Key Players
Hitachi Metals Group
Shin-Etsu
TDK
VAC
Beijing Zhong Ke San Huan Hi-Tech
Yunsheng Company
YSM
JL MAG
ZHmag
Jingci Material Science
AT&M
NBJJ
Innuovo Magnetics
SGM
Galaxy Magnetic
Zhejiang Zhongyuan Magnetic Industry Limited
Earth- Panda
Magsuper
Daido Electronics
Tianhe Magnetics
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