Magnetic Materials
                     Magnetic Materials Market By Segmentations, Key Company Profiles and Demand Forecasts 
to 2027
Market Overview
Magnetic materials possess magnetic properties and have ability to produce the magnetization. 
They can be magnetized or naturally possess magnetic properties. According to ease of 
magnetization, magnetic materials are classified as hard, semi-hard, and soft magnets. Hard 
magnetic materials are suitable for permanent magnets while soft for temporary. Hard magnetic 
materials have wide range of applications from toys and refrigerator magnets to electromotors, 
loudspeakers, windshield wipers, locks, and microphones-and high-tech devices such as hard disk 
drives. Soft magnetic materials are used in high and low-frequency applications such as transformer
cores, microwave applications, and recording heads. Magnetic materials ranging from hard and soft 
are extensively used as recording media. Rapid industrialization, specifically in emerging 
economies such as India and China, demand for alternative power sources, such as windmill and 
water turbine are driving growth of the magnetic material market.
According to U.S. Geological Survey report, in 2017, China led the world production of rare earth 
materials from 2007, accounted for more than 90 percent of global production and supply. The 
magnetic materials are used in the production and distribution of electricity and used as the chief 
component of many electronics and electrical devices.
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Market Dynamics
A major driver for growth of the global magnetic materials market is the growing automobile 
industry. The shift from the conventional fuel vehicles towards electric vehicles is a major factor 
fueling market growth. According to International Energy, over 750 thousand sales were registered 
for electric cars in 2016. Automotive manufacturers are shifting towards the magnetic motors 
system. For instance, Tesla uses the magnetic motor in its Model 3 Long Range car, which uses rare
earth element neodymium.
However, volatile raw material price is a major factor restraining growth of the magnetic material 
market. Rare earth metals such as neodymium, samarium, and dysprosium have variation in prices. 
Products dependent on rare earth elements include wind turbines, batteries for hybrid vehicles, 
lasers and optical fibers, polishing compounds for lenses, and many other military and clean-energy 
applications. Due to volatility in prices suppliers of these products began working with customers to
develop alternate processes to avoid rare earth elements and producers set about redesigning 
products to reduce the use of these elements. For example, testing ways to substitute zirconium-
based compounds for cerium oxide.
Market Taxonomy
On the basis of products, global magnetic materials market is segmented into:
•Hard Magnetic Materials
•Semi-Hard Magnetic Materials
•Soft Magnetic Materials
On the basis of application, global magnetic materials market is segmented into:
•Automotive
•Electronics`
•Power Generation
•Industrial
•Others
Key players operating in the global magnetic materials market include Arnold Magnetic 
Technologies Corporation, Daido Steel Co. Ltd., Dexter Magnetic Technologies, Hitachi Metals 
Ltd., GKN Plc., Molycorp Inc., Shin-ETSU Chemical Co., Ltd., Electron Energy Corporation, 
Lynas Corporation Ltd., TDK Corporation, and Tengam Engineering Inc.
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