Abstract
Summary
The rare earth permanent magnet material refers to an alloy formed of rare earth metal and a transition metal. This permanent magnet material made by a certain process is extremely magnetic and can be maintained for a long time. Rare earth magnets have been developed for four generations. The first and second generations are RE-Co permanent magnets, ie Co-based permanent magnets: the first generation as type 5 SmCo alloys (SmCo5) and the second generation as Rare-earth Sintered Magnet7 SmCo alloys (Sm2Co17). Since Sm reserve is scare, Co And Ni is also a valuable strategic metal, the first two generations of rare earth permanent magnets have not been widely used,their major market are only for the high-end military area. The third and fourth generation rare earth permanent magnets are RE-FE-B permanent magnets. It is the third generation - NdFeB alloy (Nd2Fe14B), also the most widely used rare earth permanent magnet; the fourth generation is Sm-Fe-N alloy. (Sm2Fe17N3), but Sm-Fe-N alloy has not yet entered the stage of commercial production.
LPI (LP Information)' newest research report, the “Rare Earth Magnets Industry Forecast” looks at past sales and reviews total world Rare Earth Magnets sales in 2022, providing a comprehensive analysis by region and market sector of projected Rare Earth Magnets sales for 2023 through 2029. With Rare Earth Magnets sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Rare Earth Magnets industry.
This Insight Report provides a comprehensive analysis of the global Rare Earth Magnets landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Rare Earth Magnets portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Rare Earth Magnets market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rare Earth Magnets and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Rare Earth Magnets.
The global Rare Earth Magnets market size is projected to grow from US$ 9811.8 million in 2022 to US$ 12250 million in 2029; it is expected to grow at a CAGR of 12250 from 2023 to 2029.
China is the largest Rare Earth Magnet market with about 82% market share. Japan& South Korea is follower, accounting for about 19% market share.
The key players are Hitachi Metals Group, Shin-Etsu, TDK, VAC, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Co綱ｊ綱ｊ綱ｊ綱ｊ綱ｊ綱ｊ_xFFFF__xFFFF_牲ｲ
This report presents a comprehensive overview, market shares, and growth opportunities of Rare Earth Magnets market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Samarium Cobalt (SmCo)
Neodymium (Nd-Fe-B)
Segmentation by application
High Efficiency Motors
Electronics
Turbine Generators
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Galaxy Magnetic
Adams Magnetic Products
Daido Electronics
Innuovo Magnetics
Yunsheng Company
AT&M
Magsuper
Earth- Panda
Master Magnetics
Key Questions Addressed in this Report
What is the 10-year outlook for the global Rare Earth Magnets market?
What factors are driving Rare Earth Magnets market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Rare Earth Magnets market opportunities vary by end market size?
How does Rare Earth Magnets break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
LPI (LP Information)' newest research report, the “Rare Earth Magnets Industry Forecast” looks at past sales and reviews total world Rare Earth Magnets sales in 2022, providing a comprehensive analysis by region and market sector of projected Rare Earth Magnets sales for 2023 through 2029. With Rare Earth Magnets sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Rare Earth Magnets industry.
This Insight Report provides a comprehensive analysis of the global Rare Earth Magnets landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Rare Earth Magnets portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Rare Earth Magnets market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Rare Earth Magnets and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Rare Earth Magnets.
The global Rare Earth Magnets market size is projected to grow from US$ 9811.8 million in 2022 to US$ 12250 million in 2029; it is expected to grow at a CAGR of 12250 from 2023 to 2029.
China is the largest Rare Earth Magnet market with about 82% market share. Japan& South Korea is follower, accounting for about 19% market share.
The key players are Hitachi Metals Group, Shin-Etsu, TDK, VAC, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Co綱ｊ綱ｊ綱ｊ綱ｊ綱ｊ綱ｊ_xFFFF__xFFFF_牲ｲ
This report presents a comprehensive overview, market shares, and growth opportunities of Rare Earth Magnets market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Samarium Cobalt (SmCo)
Neodymium (Nd-Fe-B)
Segmentation by application
High Efficiency Motors
Electronics
Turbine Generators
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Galaxy Magnetic
Adams Magnetic Products
Daido Electronics
Innuovo Magnetics
Yunsheng Company
AT&M
Magsuper
Earth- Panda
Master Magnetics
Key Questions Addressed in this Report
What is the 10-year outlook for the global Rare Earth Magnets market?
What factors are driving Rare Earth Magnets market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Rare Earth Magnets market opportunities vary by end market size?
How does Rare Earth Magnets break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Rare Earth Magnets Annual Sales 2018-2029
2.1.2 World Current & Future Analysis for Rare Earth Magnets by Geographic Region, 2018, 2022 & 2029
2.1.3 World Current & Future Analysis for Rare Earth Magnets by Country/Region, 2018, 2022 & 2029
2.2 Rare Earth Magnets Segment by Type
2.2.1 Samarium Cobalt (SmCo)
2.2.2 Neodymium (Nd-Fe-B)
2.3 Rare Earth Magnets Sales by Type
2.3.1 Global Rare Earth Magnets Sales Market Share by Type (2018-2023)
2.3.2 Global Rare Earth Magnets Revenue and Market Share by Type (2018-2023)
2.3.3 Global Rare Earth Magnets Sale Price by Type (2018-2023)
2.4 Rare Earth Magnets Segment by Application
2.4.1 High Efficiency Motors
2.4.2 Electronics
2.4.3 Turbine Generators
2.4.4 Others
2.5 Rare Earth Magnets Sales by Application
2.5.1 Global Rare Earth Magnets Sale Market Share by Application (2018-2023)
2.5.2 Global Rare Earth Magnets Revenue and Market Share by Application (2018-2023)
2.5.3 Global Rare Earth Magnets Sale Price by Application (2018-2023)
3 Global Rare Earth Magnets by Company
3.1 Global Rare Earth Magnets Breakdown Data by Company
3.1.1 Global Rare Earth Magnets Annual Sales by Company (2018-2023)
3.1.2 Global Rare Earth Magnets Sales Market Share by Company (2018-2023)
3.2 Global Rare Earth Magnets Annual Revenue by Company (2018-2023)
3.2.1 Global Rare Earth Magnets Revenue by Company (2018-2023)
3.2.2 Global Rare Earth Magnets Revenue Market Share by Company (2018-2023)
3.3 Global Rare Earth Magnets Sale Price by Company
3.4 Key Manufacturers Rare Earth Magnets Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Rare Earth Magnets Product Location Distribution
3.4.2 Players Rare Earth Magnets Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Rare Earth Magnets by Geographic Region
4.1 World Historic Rare Earth Magnets Market Size by Geographic Region (2018-2023)
4.1.1 Global Rare Earth Magnets Annual Sales by Geographic Region (2018-2023)
4.1.2 Global Rare Earth Magnets Annual Revenue by Geographic Region (2018-2023)
4.2 World Historic Rare Earth Magnets Market Size by Country/Region (2018-2023)
4.2.1 Global Rare Earth Magnets Annual Sales by Country/Region (2018-2023)
4.2.2 Global Rare Earth Magnets Annual Revenue by Country/Region (2018-2023)
4.3 Americas Rare Earth Magnets Sales Growth
4.4 APAC Rare Earth Magnets Sales Growth
4.5 Europe Rare Earth Magnets Sales Growth
4.6 Middle East & Africa Rare Earth Magnets Sales Growth
5 Americas
5.1 Americas Rare Earth Magnets Sales by Country
5.1.1 Americas Rare Earth Magnets Sales by Country (2018-2023)
5.1.2 Americas Rare Earth Magnets Revenue by Country (2018-2023)
5.2 Americas Rare Earth Magnets Sales by Type
5.3 Americas Rare Earth Magnets Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Rare Earth Magnets Sales by Region
6.1.1 APAC Rare Earth Magnets Sales by Region (2018-2023)
6.1.2 APAC Rare Earth Magnets Revenue by Region (2018-2023)
6.2 APAC Rare Earth Magnets Sales by Type
6.3 APAC Rare Earth Magnets Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Rare Earth Magnets by Country
7.1.1 Europe Rare Earth Magnets Sales by Country (2018-2023)
7.1.2 Europe Rare Earth Magnets Revenue by Country (2018-2023)
7.2 Europe Rare Earth Magnets Sales by Type
7.3 Europe Rare Earth Magnets Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Rare Earth Magnets by Country
8.1.1 Middle East & Africa Rare Earth Magnets Sales by Country (2018-2023)
8.1.2 Middle East & Africa Rare Earth Magnets Revenue by Country (2018-2023)
8.2 Middle East & Africa Rare Earth Magnets Sales by Type
8.3 Middle East & Africa Rare Earth Magnets Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Rare Earth Magnets
10.3 Manufacturing Process Analysis of Rare Earth Magnets
10.4 Industry Chain Structure of Rare Earth Magnets
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Rare Earth Magnets Distributors
11.3 Rare Earth Magnets Customer
12 World Forecast Review for Rare Earth Magnets by Geographic Region
12.1 Global Rare Earth Magnets Market Size Forecast by Region
12.1.1 Global Rare Earth Magnets Forecast by Region (2024-2029)
12.1.2 Global Rare Earth Magnets Annual Revenue Forecast by Region (2024-2029)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Rare Earth Magnets Forecast by Type
12.7 Global Rare Earth Magnets Forecast by Application
13 Key Players Analysis
13.1 Galaxy Magnetic
13.1.1 Galaxy Magnetic Company Information
13.1.2 Galaxy Magnetic Rare Earth Magnets Product Portfolios and Specifications
13.1.3 Galaxy Magnetic Rare Earth Magnets Sales, Revenue, Price and Gross Margin (2018-2023)
13.1.4 Galaxy Magnetic Main Business Overview
13.1.5 Galaxy Magnetic Latest Developments
13.2 Adams Magnetic Products
13.2.1 Adams Magnetic Products Company Information
13.2.2 Adams Magnetic Products Rare Earth Magnets Product Portfolios and Specifications
13.2.3 Adams Magnetic Products Rare Earth Magnets Sales, Revenue, Price and Gross Margin (2018-2023)
13.2.4 Adams Magnetic Products Main Business Overview
13.2.5 Adams Magnetic Products Latest Developments
13.3 Daido Electronics
13.3.1 Daido Electronics Company Information
13.3.2 Daido Electronics Rare Earth Magnets Product Portfolios and Specifications
13.3.3 Daido Electronics Rare Earth Magnets Sales, Revenue, Price and Gross Margin (2018-2023)
13.3.4 Daido Electronics Main Business Overview
13.3.5 Daido Electronics Latest Developments
13.4 Innuovo Magnetics
13.4.1 Innuovo Magnetics Company Information
13.4.2 Innuovo Magnetics Rare Earth Magnets Product Portfolios and Specifications
13.4.3 Innuovo Magnetics Rare Earth Magnets Sales, Revenue, Price and Gross Margin (2018-2023)
13.4.4 Innuovo Magnetics Main Business Overview
13.4.5 Innuovo Magnetics Latest Developments
13.5 Yunsheng Company
13.5.1 Yunsheng Company Company Information
13.5.2 Yunsheng Company Rare Earth Magnets Product Portfolios and Specifications
13.5.3 Yunsheng Company Rare Earth Magnets Sales, Revenue, Price and Gross Margin (2018-2023)
13.5.4 Yunsheng Company Main Business Overview
13.5.5 Yunsheng Company Latest Developments
13.6 AT&M
13.6.1 AT&M Company Information
13.6.2 AT&M Rare Earth Magnets Product Portfolios and Specifications
13.6.3 AT&M Rare Earth Magnets Sales, Revenue, Price and Gross Margin (2018-2023)
13.6.4 AT&M Main Business Overview
13.6.5 AT&M Latest Developments
13.7 Magsuper
13.7.1 Magsuper Company Information
13.7.2 Magsuper Rare Earth Magnets Product Portfolios and Specifications
13.7.3 Magsuper Rare Earth Magnets Sales, Revenue, Price and Gross Margin (2018-2023)
13.7.4 Magsuper Main Business Overview
13.7.5 Magsuper Latest Developments
13.8 Earth- Panda
13.8.1 Earth- Panda Company Information
13.8.2 Earth- Panda Rare Earth Magnets Product Portfolios and Specifications
13.8.3 Earth- Panda Rare Earth Magnets Sales, Revenue, Price and Gross Margin (2018-2023)
13.8.4 Earth- Panda Main Business Overview
13.8.5 Earth- Panda Latest Developments
13.9 Master Magnetics
13.9.1 Master Magnetics Company Information
13.9.2 Master Magnetics Rare Earth Magnets Product Portfolios and Specifications
13.9.3 Master Magnetics Rare Earth Magnets Sales, Revenue, Price and Gross Margin (2018-2023)
13.9.4 Master Magnetics Main Business Overview
13.9.5 Master Magnetics Latest Developments
14 Research Findings and Conclusion