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Published Date: 2014-06-26Number of Pages: 99

Magnetic Materials Market (Soft Magnetic, Permanent Magnetic and Semi-Hard Magnetic) For Automotive, Electronics, Energy Generation and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

Magnetic materials are objects that naturally possess magnetic properties or can be magnetized. Based on their properties and end-use, these materials can be classified as permanent or temporary. Different types of magnetic materials such as soft, hard and semi-hard are used in the magnetic materials industry. Soft magnetic materials are further bifurcated into soft ferrite and electrical steel, while hard (permanent) magnetic materials are segmented into hard ferrite, NdFeB, SmCo, and alnico. These materials are used in various applications such as automotives, electronics and energy generation. 

Research methodology

We conducted in-depth interviews and discussions with numerous key industry participants and opinion leaders for the research report. Primary research represents the bulk research effort coupled with an extensive secondary research. We reviewed key players’ annual reports, product portfolio, press releases, and relevant documents for competitive analyses and better understanding of the market. Secondary research includes in-depth research on current trends, technical writing, recent trades, internet sources, trade associations, statistical data from government websites and associated authorized agency websites.
Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:
  • Company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases, and webcasts specific to companies operating in the market
Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:
  • Provides first-hand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

The report on magnetic materials provides a detailed analysis and forecast of the market on a global as well as regional level from 2013 to 2019. On the global level, the market has been segmented based on volume (kilo tons) and revenue (USD million) from 2013 to 2019. For an in-depth understanding of the market on the regional level, demand has been forecast based on volume (kilo tons) and revenue (USD million) for a time period ranging between 2013 and 2019. The report includes drivers and restraints, and their impact on the growth of the market during the forecast period. Furthermore, the report encompasses opportunities available for growth of the market on the global as well as regional level.

We have included a thorough analysis of the value chain in order to provide a detailed understanding of the market. Additionally, we have included Porter’s Five Forces model, which provides an in-depth insight into the intensity of competition in the market. Furthermore, the study comprises a market attractiveness analysis, where numerous applications are benchmarked based on market size, growth rate and general attractiveness.  

The market has been segmented based on product and applications. Each such segment has been analyzed and forecast based on volume (kilo tons) and revenue (USD million) from 2013 to 2019. Additionally, the segments have been analyzed and forecast based on current trends at the global as well as regional level for the given time period. Geographically, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Demand has been analyzed and forecast based on the current trends for a period of six years. 

The study features profiles of companies such as A.K. Steel Holding Corporation, Arnold Magnetic Technologies, Electron Energy Corporation, Hitachi Metals, Ltd., Lynas Corporation Ltd. and Molycorp Inc. The market has been segmented as below:

Magnetic Materials Market - Product Segment Analysis
  • Soft magnetic materials
    • Soft ferrite
    • Electrical steel
  • Permanent magnetic materials
    • Hard ferrite
    • NdFeB
    • SmCo
    • Alnico
  • Semi-hard magnetic materials
Magnetic Materials Market - Application Analysis
  • Automotive
  • Electronics
  • Energy generation
  • Others (Including household applications, etc.)
Magnetic Materials Market - Regional Analysis
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)


Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
      1.2.1 Global magnetic materials market segmentation by product segment and application
1.3 Research methodology
      1.3.1 Assumptions

Chapter 2 Executive Summary
2.1 Global demand for magnetic materials, 2012 – 2019 (Kilo Tons) (USD Million)
2.2 Magnetic materials: Market snapshot (2012 and 2019)

Chapter 3 Magnetic Materials Market – Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
      3.3.1 Growing automotive industry augmenting demand for magnetic materials
               3.3.1.1 Global automotive sales, 2007 - 2013 (Million Units)
               3.3.1.2 Global motor vehicle sensors revenue, 2011 - 2018 (USD Million)
      3.3.2 Growth of the wind energy generation industry escalates the demand for magnets in wind turbines
               3.3.2.1 Global wind power capacity, 2012 – 2019 (GW)
3.4 Market restraints
      3.4.1 Fluctuating prices of rare earth materials affecting the permanent magnet industry
               3.4.1.1 NdFeB raw materials share, by weight and price, 2012
               3.4.1.2 NdFeB raw material prices, 2006 – 2011 (USD/Kg)
3.5 Opportunity
      3.5.1 Rising demand for magnetic materials in hybrid electric vehicles (HEVs)
               3.5.1.1 Global HEV sales, 2012 - 2019 (Million Units)
3.6 Porter’s Five Forces Analysis
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat of new entrants
      3.6.4 Threat of substitutes
      3.6.5 Degree of competition
3.7 Magnetic materials: Market attractiveness analysis

Chapter 4 Magnetic Materials Market – Product Segment Analysis
4.1 Global magnetic materials market: Product segment overview
      4.1.1 Global magnetic materials market volume share, by product segment, 2012 and 2019
      4.1.2 Soft magnetic materials market, by sub-product
               4.1.2.1 Soft ferrite
                           4.1.2.1.1 Global soft ferrite magnetic materials market, 2012 – 2019 (Kilo Tons) (USD Million)
               4.1.2.2 Electrical steel
                           4.1.2.2.1 Global electrical steel magnetic materials market, 2012 – 2019 (Kilo Tons) (USD Million)
      4.1.3 Permanent magnetic materials market, by sub-product
               4.1.3.1 Hard ferrite
                           4.1.3.1.1 Global hard ferrite magnetic materials market, 2012 – 2019 (Kilo Tons) (USD Million)
               4.1.3.2 NdFeB
                           4.1.3.2.1 Global NdFeB magnetic materials market, 2012 – 2019 (Kilo Tons) (USD Million)
               4.1.3.3 SmCo
                           4.1.3.3.1 Global SmCo magnetic materials market, 2012 – 2019 (Kilo Tons) (USD Million)
               4.1.3.4 Alnico
                           4.1.3.4.1 Global alnico magnetic materials market, 2012 – 2019 (Kilo Tons) (USD Million)
      4.1.4 Semi-hard magnetic materials market
               4.1.4.1 Global semi-hard magnetic materials market, 2012 – 2019 (Kilo Tons) (USD Million)

Chapter 5 Magnetic Materials Market – Application Analysis
5.1 Global magnetic materials market: Application overview
      5.1.1 Global magnetic materials market volume share, by application, 2012 and 2019
      5.1.2 Automotive
              5.1.2.1 Global magnetic materials market in automotive industry, 2012 – 2019 (Kilo Tons) (USD Million)
      5.1.3 Electronics
              5.1.3.1 Global magnetic materials market in electronics industry, 2012 – 2019 (Kilo Tons) (USD Million)
      5.1.4 Energy generation
              5.1.4.1 Global magnetic materials market in energy generation industry, 2012 – 2019 (Kilo Tons) (USD Million)
      5.1.5 Others(Including household applications, etc.)
              5.1.5.1 Global magnetic materials market in other applications, 2012 – 2019 (Kilo Tons) (USD Million)

Chapter 6 Magnetic Materials Market – Regional Analysis
6.1 Global magnetic materials market: Regional overview
      6.1.1 Magnetic materials market volume share, by region, 2012 and 2019
6.2 North America
      6.2.1. North America magnetic materials market volumes share, by product segment, 2012 and 2019
      6.2.2 North America magnetic materials market, by product segment
               6.2.2.1 North America magnetic materials market volume, by product segment, 2012 – 2019 (Kilo Tons)
               6.2.2.2 North America magnetic materials market revenue, by product segment, 2012 – 2019 (USD Million)
      6.2.3 North America magnetic materials market, by sub product
               6.2.3.1 Soft magnetic materials
                           6.2.3.1.1 North America soft magnetic materials market volume, by sub product, 2012 – 2019 (Kilo Tons)
                           6.2.3.1.2 North America soft magnetic materials market revenue, by sub product, 2012 – 2019 (USD Million)
               6.2.3.2 Permanent magnetic materials
                           6.2.3.2.1 North America permanent magnetic materials market volume, by sub product, 2012 – 2019 (Kilo Tons)
               6.2.3.3 North America permanent magnetic materials market revenue, by sub product, 2012 – 2019 (USD Million)
6.3 Europe
      6.3.1. Europe magnetic materials market volumes share, by product segment, 2012 and 2019
      6.3.2 Europe magnetic materials market, by product segment
               6.3.2.1 Europe magnetic materials market volume, by product segment, 2012 – 2019 (Kilo Tons)
               6.3.2.2 Europe magnetic materials market revenue, by product segment, 2012 – 2019 (USD Million)
      6.3.3 Europe magnetic materials market, by sub product
               6.3.3.1 Soft magnetic materials
                           6.3.3.1.1 Europe soft magnetic materials market volume, by sub product, 2012 – 2019 (Kilo Tons)
                           6.3.3.1.2 Europe soft magnetic materials market revenue, by sub product, 2012 – 2019 (USD Million)
               6.3.3.2 Permanent magnetic materials
                           6.3.3.2.1 Europe permanent magnetic materials market volume, by sub product, 2012 – 2019 (Kilo Tons)
                           6.3.3.2.2 Europe permanent magnetic materials market revenue, by sub product, 2012 – 2019 (USD Million)
6.4 Asia Pacific
      6.4.1. Asia Pacific magnetic materials market volumes share, by product segment, 2012 and 2019
      6.4.2 Asia Pacific magnetic materials market, by product segment
               6.4.2.1 Asia Pacific magnetic materials market volume, by product segment, 2012 – 2019 (Kilo Tons)
               6.4.2.2 Asia Pacific magnetic materials market revenue, by product segment, 2012 – 2019 (USD Million)
      6.4.3 Asia Pacific magnetic materials market, by sub product
               6.4.3.1 Soft magnetic materials
                           6.4.3.1.1 Asia Pacific soft magnetic materials market volume, by sub product, 2012 – 2019 (Kilo Tons)
                           6.4.3.1.2 Asia Pacific soft magnetic materials market revenue, by sub product, 2012 – 2019 (USD Million)
               6.4.3.2 Permanent magnetic materials
                           6.4.3.2.1 Asia Pacific permanent magnetic materials market volume, by sub product, 2012 – 2019 (Kilo Tons)
                           6.4.3.2.2 Asia Pacific permanent magnetic materials market revenue, by sub product, 2012 – 2019 (USD Million)
6.5 Rest of the World (RoW)
      6.5.1. RoW magnetic materials market volumes share, by product segment, 2012 and 2019
      6.5.2 RoW magnetic materials market, by product segment
               6.5.2.1 RoW magnetic materials market volume, by product segment, 2012 – 2019 (Kilo Tons)
               6.5.2.2 RoW magnetic materials market revenue, by product segment, 2012 – 2019 (USD Million)
      6.5.3 RoW magnetic materials market, by sub product
               6.5.3.1 Soft magnetic materials
                           6.5.3.1.1 RoW soft magnetic materials market volume, by sub product, 2012 – 2019 (Kilo Tons)
                           6.5.3.1.2 RoW soft magnetic materials market revenue, by sub product, 2012 – 2019 (USD Million)
               6.5.3.2 Permanent magnetic materials
                           6.5.3.2.1 RoW permanent magnetic materials market volume, by sub product, 2012 – 2019 (Kilo Tons)
                           6.5.3.2.2 RoW permanent magnetic materials market revenue, by sub product, 2012 – 2019 (USD Million)

Chapter 7 Company Profiles
7.1 AK Steel Holding Corporation
      7.1.1 Company overview
      7.1.2 Product portfolio
      7.1.3 Financial overview
      7.1.4 Business strategy
      7.1.5 SWOT analysis
      7.1.6 Recent developments
7.2 Arnold Magnetic Technologies
      7.2.1 Company overview
      7.2.2 Product portfolio
      7.2.3 Business strategy
      7.2.4 SWOT analysis
      7.2.5 Recent developments
7.3 Electron Energy Corporation
      7.3.1 Company overview
      7.3.2 Product portfolio
      7.3.3 Business strategy
      7.3.4 SWOT analysis
      7.3.5 Recent developments
7.4 Hitachi Metals, Ltd.
      7.4.1 Company overview
      7.4.2 Product portfolio
      7.4.3 Financial overview
      7.4.4 Business strategy
      7.4.5 SWOT analysis
      7.4.6 Recent developments
7.5 Lynas Corporation Ltd.
      7.5.1 Company overview
      7.5.2 Financial overview
      7.5.3 Business strategy
      7.5.4 SWOT analysis
      7.5.5 Recent developments
7.6 Molycorp Inc.
      7.6.1 Company overview
      7.6.2 Product portfolio
      7.6.3 Financial overview
      7.6.4 Business strategy
      7.6.5 SWOT analysis
      7.6.6 Recent developments
7.7 OM Group
      7.7.1 Company overview
      7.7.2 Product portfolio
      7.7.3 Financial overview
      7.7.4 Business strategy
      7.7.5 SWOT analysis
      7.7.6 Recent developments
7.8 Shin-Etsu Chemicals Co., Ltd.
      7.8.1 Company overview
      7.8.2 Product portfolio
      7.8.3 Financial overview
      7.8.4 Business strategy
      7.8.5 SWOT analysis
      7.8.6 Recent developments
7.9 Tengam Engineering Inc.
      7.9.1 Company overview
      7.9.2 Product portfolio
      7.9.3 Business strategy
      7.9.4 SWOT analysis
      7.9.5 Recent developments
7.10 TDK Corporation
      7.10.1 Company overview
      7.10.2 Product portfolio
      7.10.3 Financial overview
      7.10.4 Business strategy
      7.10.5 SWOT analysis
      7.10.6 Recent developments

List of Figures 

FIG. 1 Global magnetic materials market segmentation by product segment and application
FIG. 2 Global demand for magnetic materials, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 3 Magnetic materials: Value chain analysis
FIG. 4 Global automotive sales, 2007 - 2013 (Million Units)
FIG. 5 Global motor vehicle sensors revenue, 2011 - 2018 (USD Million)
FIG. 6 Global wind power capacity, 2012 – 2019 (GW)
FIG. 7 NdFeB raw materials share, by weight and price, 2012
FIG. 8 NdFeB raw material prices, 2006 – 2011 (USD/Kg)
FIG. 9 Global HEV sales, 2012 - 2019 (Million Units)
FIG. 10 Porter’s Five Forces Analysis
FIG. 11 Magnetic materials: Market attractiveness analysis
FIG. 12 Global magnetic materials market volumes share, by product segment, 2012 and 2019
FIG. 13 Global soft ferrite magnetic materials market, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 14 Global electrical steel magnetic materials market, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 15 Global hard ferrite magnetic materials market, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 16 Global NdFeB magnetic materials market, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 17 Global SmCo magnetic materials market, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 18 Global alnico magnetic materials market, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 19 Global semi-hard magnetic materials market, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 20 Global magnetic materials market volumes share, by application, 2012 and 2019
FIG. 21 Global magnetic materials market in automotive industry, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 22 Global magnetic materials market in electronics industry, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 23 Global magnetic materials market in energy generation industry, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 24 Global magnetic materials market in other applications, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 25 Magnetic materials market volumes share, by region, 2012 and 2019
FIG. 26 North America magnetic materials market volumes share, by product segment, 2012 and 2019
FIG. 27 Europe magnetic materials market volumes share, by product segment, 2012 and 2019
FIG. 28 Asia Pacific magnetic materials market volume share, by product segment, 2012 and 2019
FIG. 29 RoW magnetic materials market volume share, by product segment, 2012 and 2019

List of Tables

TABLE 1 Magnetic materials: Market snapshot (2012 and 2019)
TABLE 2 Drivers for magnetic materials market: Impact analysis
TABLE 3 Restraints for magnetic materials market: Impact analysis
TABLE 4 North America magnetic materials market volume, by product segment, 2012 – 2019 (Kilo Tons)
TABLE 5 North America magnetic materials market revenue, by product segment, 2012 – 2019 (USD Million)
TABLE 6 North America soft magnetic materials market volume, by sub product, 2012 – 2019 (Kilo Tons)
TABLE 7 North America soft magnetic materials market revenue, by sub product, 2012 – 2019 (USD Million)
TABLE 8 North America permanent magnetic materials market volume, by sub product, 2012 – 2019 (Kilo Tons)
TABLE 9 North America permanent magnetic materials market revenue, by sub product, 2012 – 2019 (USD Million)
TABLE 10 Europe magnetic materials market volume, by product segment, 2012 – 2019 (Kilo Tons)
TABLE 11 Europe magnetic materials market revenue, by product segment, 2012 – 2019(USD Million)
TABLE 12 Europe soft magnetic materials market volume, by sub product, 2012 – 2019 (Kilo Tons)
TABLE 13 Europe soft magnetic materials market revenue, by sub product, 2012 – 2019 (USD Million)
TABLE 14 Europe permanent magnetic materials market volume, by sub product, 2012 – 2019 (Kilo Tons)
TABLE 15 Europe permanent magnetic materials market revenue, by sub product, 2012 – 2019 (USD Million)
TABLE 16 Asia Pacific magnetic materials market volume, by product segment, 2012 – 2019 (Kilo Tons)
TABLE 17 Asia Pacific magnetic materials market revenue, by product segment, 2012 – 2019(USD Million)
TABLE 18 Asia Pacific soft magnetic materials market volume, by sub product, 2012 – 2019 (Kilo Tons)
TABLE 19 Asia Pacific soft magnetic materials market revenue, by sub product, 2012 – 2019 (USD Million)
TABLE 20 Asia Pacific permanent magnetic materials market volume, by sub product, 2012 – 2019 (Kilo Tons)
TABLE 21 Asia Pacific permanent magnetic materials market revenue, by sub product, 2012 – 2019 (USD Million)
TABLE 22 RoW magnetic materials market volume, by product segment, 2012 – 2019 (Kilo Tons)
TABLE 23 RoW magnetic materials market revenue, by product segment, 2012 – 2019(USD Million)
TABLE 24 RoW soft magnetic materials market volume, by sub product, 2012 – 2019 (Kilo Tons)
TABLE 25 RoW soft magnetic materials market revenue, by sub product, 2012 – 2019 (USD Million)
TABLE 26 RoW permanent magnetic materials market volume, by sub product, 2012 – 2019 (Kilo Tons)
TABLE 27 RoW permanent magnetic materials market revenue, by sub product, 2012 – 2019 (USD Million)

Magnetic materials are objects which produce a magnetic field. They include a wide variety of materials which are used in an extensive range of applications. Magnetic materials are majorly used in the production and distribution of electricity and are thus an integral part of various socio-economic factors globally. Moreover, advanced magnetic materials have been included as key components in many devices which serve as vital gears in modern electrical engineering and electronics. Magnetic materials are segmented on the basis of their properties, applications and hardness. If a material is easily magnetized and demagnetized, it is referred to as being soft magnetic. However, if the material is difficult to magnetize and demagnetize, it is referred to as semi-hard or hard. 

Growing demand for magnetic materials due to rising automotive industry is expected to be one of the major growth factors for the market. In addition, on account of the rising demand for electricity, the increasing consumption of magnetic materials in wind turbine energy generation industries is also expected to contribute towards the growth of the market. However, the fluctuating prices of rare earth metals such as dysprosium and neodymium is expected to slow down the growth of the market in the near future. The increasing application scope of magnets in hybrid electric vehicles (HEVs) coupled with rising demand for these vehicles is anticipated to open opportunities for the growth of the market over the next few years.

The global demand for magnetic materials was the highest for semi-hard magnetic materials which accounted for over 55% of the market share in 2012. Analog and digital recording is a significant industry using large quantities of semi-hard magnetic materials for media recording, as well as using miniature magnetic circuits in the “write” and “read” heads. Demand for other magnetic materials such as hard and soft magnets have been notably high owing to factors such as easy availability, low price of ferrites, significant performance properties and rapidly growing industrialization. Moreover, hard magnets such as NdFeB are considered to be the strongest permanent magnets and the demand for these magnets is expected to grow exponentially within the forecast period on account of their increasing use in various electronics, automotive and energy generation industries, and the subsequent growth of these industries.

The demand for magnetic materials was the largest from the automotive application segment at the end of 2012. The demand for magnetic materials has been growing rapidly due to the high growth numbers of the automotive industry, and these products are being used for a wide range of applications such as gearbox, alternators and pollution control. However, future market growth is anticipated to be from the energy generation application segment on account of rising demand for electricity due to various factors such as rapid industrialization and population growth. The energy generation segment is expected to grow at a CAGR of 8.8%, from 2013 to 2019.

Asia Pacific garnered the largest share in terms of consumption in the global market for magnetic materials and accounted for 79.0% of the global demand in 2012. The region has been significant in the magnetic materials industry on account of growing demand from manufacturing industries such as automotives and electronics. Europe was  the second largest consumer of magnetic materials owing to various factors such as high demand from current and emerging applications, modernization and development of infrastructure. In addition, Asia Pacific is expected to witness the fastest growth over the forecast period on account of rising demand for magnetic materials such as permanent magnets in China, Korea, Japan and other countries due to  growth of the wind power industry. 

A.K. Steel Holding Corporation, Arnold Magnetic Technologies, Electron Energy Corporation, Hitachi Metals, Ltd., Lynas Corporation Ltd. and Molycorp Inc., among others, are some of the key players present in the magnetic materials industry. 

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