The global market for permanent magnets is expected to reach USD 31.18 billion by 2020. Growth of global automobile industry is expected to be a key driving factor for permanent magnets market over the forecast period. Permanent magnets are widely used for numerous applications in automobile industry.

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Permanent Magnets Market Analysis, Growth Trends and
Segment Forecasts, 2012 To 2020
The global market for permanent magnets is expected to reach USD 31.18 billion by 2020. Growth of
global automobile industry is expected to be a key driving factor for permanent magnets market over
the forecast period. Permanent magnets are widely used for numerous applications in automobile
industry.
Various components such as motors, alternators and gearbox require permanent magnets for their
mechanism. Grand View Research further observes that the shift in trend towards developing renewable
energy generation including solar and wind energy is also expected to drive the market for permanent
magnets.
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Permanent magnets are used in the stator of the wind turbine which is responsible for producing AC
electricity. Ferrite magnets dominated the global market, accounting for over 80% of total volumes in
2012. However, in terms of revenue, ferrite magnets accounted for just over 20% of the total revenue
for the same year.

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Ferrite magnets are relatively cheaper than other permanent magnets such as NdFeB magnets, SmCO
and Alnico magnets and hence account for a relatively smaller revenue share in the overall market.
NdFeB is expected to be the fastest growing product segment, at an estimated CAGR of 9.4% from 2013
to 2020. Growing awareness regarding the benefits offered by NdFeB over other magnets in high
performance automotive applications is expected to drive its demand over the forecast period.
Further key findings from the study suggest:
Global permanent magnets demand is expected to reach 1,262.6 kilo tons by 2020 growing at a CAGR of
8.6% from 2013 to 2020
Automotive industry emerged as the leading application market for permanent magnets and accounted
for approximately half of the total consumption in 2012. However, the shift in trend towards adoption of
renewable energy including wind energy has helped energy generation to become the most attractive
market for permanent magnets. Energy generation is expected to be the fastest growing application
market for permanent market at an estimated CAGR of 9% from 2013 to 2020
Asia Pacific dominated the overall market for permanent magnets and accounted for 80% of the total
consumption in 2012. China alone accounted for 65% of world's demand for permanent magnets in
2012, consolidating its position as the leading permanent magnets producer as well as consumer, on
account of huge rare earth metals deposits in the country which are available at an affordable price for
domestic industries
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China is expected to continue its dominance in the global market with its government announcing plans
to increase permanent magnets capacity in the nation by 20 kilo tons by 2015
The global market for permanent magnets is highly fragmented with a large number of small Chinese
manufacturers operating in the market. These small manufacturers pose threat to large manufacturers
in terms of their price offerings. Some of the major companies operating in the global market for
permanent magnets include Adams Magnetic Products Co., Hangzhou Permanent Magnet Group, Anhui
Earth-Panda Advance Magnetic Material Co. Ltd and Hitachi Metals Ltd., Molycorp Magnequench and
Shin-Etsu Chemical Co. Ltd among some other companies
For the purpose of this study, Grand View Research has segmented the global permanent magnets
market on the basis of product, application and region:
 Permanent Magnets Product Outlook
 Permanent Magnets Application Outlook
 Permanent Magnets Regional Outlook

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Table Of Content
Chapter 1 Executive Summary
1.1 Permanent Magnets - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Permanent Magnets Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Permanent Magnets Market Dynamics
2.4 Key Opportunities Prioritized
2.5 Industry Analysis - Porter's
2.6 Permanent Magnets - Company Market Share Analysis
2.7 Permanent Magnets - PESTEL Analysis
Chapter 3 Permanent Magnets Product Outlook
3.1 Ferrite
3.2 Neo (NdFeb)
3.3 SmCO
3.4 Alnico
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Chapter 4 Permanent Magnets Application Outlook
4.1 Automotive
4.2 Electronics
4.3 Energy Generation
4.4 Other
Chapter 5 Permanent Magnets Regional Outlook
5.1 North America
5.2 Europe
5.3 China
5.4 Rest of Asia Pacific
5.5 RoW
Chapter 6 Permanent Magnets Competitive landscape
6.1 Adams Magnetic Products Co.
6.2 Anhui Earth-Panda Advance Magnetic Material Co. Ltd
6.3 Arnold Magnetic Technologies
6.4 Daido Steel Co. Ltd
6.5 Eclipse Magnetics Ltd

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6.6 Electron Energy Corporation
6.7 Goudsmit Magnetics Group
6.8 Hangzhou Permanent Magnet Group
6.9 Hitachi Metals Ltd
6.10 Molycorp Magnequench
Chapter 7 Methodology and Scope
7.1 Research Methodology
7.2 Research Scope & Assumption
7.3 List of Data Sources
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