This report forecasts to 2023 global demand for magnets by product, market, and major world region in nominal US dollars at the manufacturer level. Product segments include: neodymium; ferrite; samarium cobalt; and alnico and other magnets such as copper nickel iron, iron chromium cobalt, and iron cobalt vanadium. Reported markets encompass: electronics; industrial; automotive; and other markets, including aerospace and military equipment, all-terrain vehicles, and electric bicycles and scooters.
Major world regions include North America, Europe, Asia/Pacific, and all other regions.
To illustrate historical trends, world, product, market, and regional demand (including product and market segments) are provided for 2008, 2013, and 2018.
This report analyzes the global market for permanent magnets, which are defined as "hard" materials that can be magnetized (gain the ability to attract iron and other ferromagnetic objects) by an external magnetic field and remain magnetized after the external field is removed. In this report, the terms "magnets" and "magnetic materials" are used as synonyms for permanent magnets and permanent magnetic materials.
Demand figures presented here represent the value of finished magnets and do not include the value of magnet-containing subassemblies or devices.
Other various topics, including profiles of pertinent leading companies, are covered in this report. A full outline of report items by page is available in the Table of Contents.
Related NAICS Codes:
327110 Pottery, ceramics, and plumbing fixture manufacturing
332999 All other miscellaneous fabricated metal product manufacturing
Back to Top