World Magnets

As Quoted In China Chemical Reporter

Gains will be driven by increases in durable goods output as economies improve, by rising applications for magnets overall, and by the end of magnet raw material controls by the Chinese government.

World demand to rise 7.3% annually through 2019

Global demand for permanent magnets is forecast to climb 7.3 percent annually through 2019 to $16.2 billion. In volume terms, world magnet sales will expand 4.6 percent per year to 1.2 million metric tons. Gains will be driven by increases in durable goods output as economic conditions improve and the overall number of applications for magnets rises. The elimination of rare earth export quotas and taxes by the Chinese government in 2015 will also support growth by helping to ensure that adequate raw material supplies are available on a global basis and by further easing pricing pressures following a period during which neodymium and samarium cobalt magnet costs unexpectedly spiked.

Magnet sales to grow fastest in developing areas

The Asia/Pacific region accounts for over two-thirds of world magnet demand in value terms. China is the largest national market by a substantial margin, due in part to the huge size of its electronics industry. In a continuation of a long term trend, magnet sales growth in the Africa/Mideast region, developing parts of Asia, Eastern Europe, and Central and South America will outpace demand in Japan, South Korea, the US, and Western Europe through 2019. China alone will account for half of all additional magnet sales worldwide.

Neodymium magnets to offer best opportunities

Ferrite and neodymium are the two most important magnet types commercially. Neodymium, the strongest type currently available, dominates dollar sales, while ferrite magnets, the least expensive on a per kilogram basis, account for the largest share of demand in metric tons. Neodymium magnets are expected to post the fastest market gains in value terms of any product type through 2019, driven by the superior performance they can provide. In large markets such as electronics and motor vehicles, ongoing efforts to minimize product size and/or weight while adding new features will also contribute to demand increases.

Automotive market to grow the fastest

Electronics is the largest market for magnets, followed by industrial and automotive applications. In China and a number of other Asian countries the electronics market dominates magnet demand. However, automotive-related magnet demand will grow the fastest worldwide through 2019, spurred by increases in motor vehicle output and the number of magnet-using devices in the average vehicle. Expanding production of full and plug-in hybrids and electric vehicles, which utilize more magnetic materials than conventional vehicles, will also support market gains.

Study coverage

This Freedonia industry study analyzes the $11.4 billion world magnet industry. It presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by product (e.g., neodymium, ferrite, samarium cobalt, alnico) and market (e.g., electronics, industrial, automotive) for six world regions and 19 major countries. Total demand is given for an additional 4 countries. The study also considers market environment factors, details industry structure, evaluates company market share, and profiles 40 industry players, including Shin-Etsu Chemical, TDK, and Hitachi.

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  1. World Magnets

    $6,300.00

    1. 1 INTRODUCTION

      $348.00

    2. 2 EXECUTIVE SUMMARY

      $164.00

      1. Table | WORLD MAGNET DEMAND

    3. 3 MARKET ENVIRONMENT

      $1,730.00

      1. 3.1 General

        $82.00

      2. 3.2 World Economic Overview

        $282.00

        1. 3.2.1 Recent Historical Trends

          $83.00

        2. 3.2.2 World Economic Outlook

          $176.00

          1. Table | WORLD GROSS DOMESTIC PRODUCT BY REGION

      3. 3.3 World Durable Goods Manufacturing Outlook

        $158.00

        1. Table | WORLD DURABLE GOODS MANUFACTURING VALUE ADDED BY PRODUCT & REGION

      4. 3.4 World Motor Vehicle Production Trends

        $209.00

        1. Table | WORLD MOTOR VEHICLE PRODUCTION BY TYPE & REGION

      5. 3.5 World Hybrid & Electric Vehicle Outlook

        $106.00

        1. Table | WORLD HYBRID & ELECTRIC VEHICLE SALES BY TYPE & REGION

      6. 3.6 World Electronic Equipment Outlook

        $93.00

        1. Table | WORLD ELECTRONIC EQUIPMENT MANUFACTURING VALUE ADDED BY REGION

      7. 3.7 World Electric Motor Shipments

        $166.00

        1. Table | WORLD ELECTRIC MOTOR SHIPMENTS

      8. 3.8 Pricing Patterns

        $198.00

        1. CHART II-1 WORLD MAGNET RAW MATERIAL PRICES, 2004-2014

        2. Table | WORLD MAGNET PRICES

        3. CHART II-2 WORLD MAGNET PRICES, 2004-2024

      9. 3.9 Technological Trends

        $225.00

        1. CHART II-3 RELATIVE MAGNET SIZE FOR THE SAME MAXIMUM ENERGY PRODUCT

      10. 3.10 Legal & Regulatory Environment

        $238.00

    4. 4 WORLD SUPPLY & DEMAND

      $1,760.00

      1. 4.1 General

        $82.00

      2. 4.2 Regional Overview

        $415.00

        1. 4.2.1 Demand

          $168.00

          1. Table | WORLD MAGNET VALUE DEMAND BY REGION

          2. Table | WORLD MAGNET VOLUME DEMAND BY REGION

          3. CHART III-1 WORLD MAGNET DEMAND BY REGION, 2014 By Value

          4. CHART III-2 WORLD MAGNET DOLLAR DEMAND: PROJECTED 2014-2019 ANNUAL RATE OF GROWTH

        2. 4.2.2 Production

          $121.00

          1. Table | WORLD MAGNET SHIPMENTS BY REGION

          2. CHART III-3 WORLD MAGNET SHIPMENTS BY REGION, 2014

        3. 4.2.3 International Trade

          $82.00

          1. Table | WORLD MAGNET NET EXPORTS BY REGION

      3. 4.3 Demand by Product

        $635.00

        1. Table | WORLD MAGNET DEMAND BY PRODUCT

        2. CHART III-4 WORLD MAGNET DEMAND BY PRODUCT, 2014

        3. 4.3.1 Neodymium

          $132.00

          1. Table | WORLD NEODYMIUM MAGNET DEMAND BY REGION

        4. 4.3.2 Ferrite

          $103.00

          1. Table | WORLD FERRITE MAGNET DEMAND BY REGION

        5. 4.3.3 Samarium Cobalt

          $119.00

          1. Table | WORLD SAMARIUM COBALT MAGNET DEMAND BY REGION

        6. 4.3.4 Alnico & Other

          $207.00

          1. Table | WORLD DEMAND FOR ALNICO & OTHER MAGNETS BY TYPE & REGION

      4. 4.4 Demand by Market

        $627.00

        1. Table | WORLD MAGNET DEMAND BY MARKET

        2. CHART III-5 WORLD MAGNET DEMAND BY MARKET, 2014

        3. 4.4.1 Electronics

          $88.00

          1. Table | WORLD ELECTRONICS MAGNET DEMAND BY REGION

        4. 4.4.2 Industrial

          $110.00

          1. Table | WORLD INDUSTRIAL MAGNET DEMAND BY APPLICATION & REGION

        5. 4.4.3 Automotive

          $224.00

          1. Table | WORLD AUTOMOTIVE MAGNET DEMAND BY VEHICLE TYPE, APPLICATION, ®ION

        6. 4.4.4 Other

          $144.00

          1. Table | WORLD DEMAND FOR MAGNETS USED IN OTHER MARKETS BY SEGMENT & REGION

    5. 5 NORTH AMERICA

      $1,099.00

      1. 5.1 North America: Economic Overview

        $86.00

      2. 5.2 North America: Magnet Supply & Demand

        $151.00

        1. Table | NORTH AMERICA: MAGNET SUPPLY & DEMAND

      3. 5.3 North America: Magnet Market Outlook

        $85.00

        1. Table | NORTH AMERICA: MAGNET DEMAND BY PRODUCT & MARKET

        2. CHART IV-1 NORTH AMERICA: MAGNET DEMAND BY COUNTRY, 2014

      4. 5.4 United States

        $279.00

        1. 5.4.1 United States: Economic Overview

          $84.00

        2. 5.4.2 United States: Magnet Supply & Demand

          $108.00

          1. Table | UNITED STATES: MAGNET SUPPLY & DEMAND

        3. 5.4.3 United States: Magnet Market Outlook

          $86.00

          1. Table | UNITED STATES: MAGNET DEMAND BY PRODUCT & MARKET

      5. 5.5 Canada

        $237.00

        1. 5.5.1 Canada: Economic Overview

          $85.00

        2. 5.5.2 Canada: Magnet Supply & Demand

          $88.00

          1. Table | CANADA: MAGNET SUPPLY & DEMAND

        3. 5.5.3 Canada: Magnet Market Outlook

          $82.00

          1. Table | CANADA: MAGNET DEMAND BY PRODUCT & MARKET

      6. 5.6 Mexico

        $261.00

        1. 5.6.1 Mexico: Economic Overview

          $91.00

        2. 5.6.2 Mexico: Magnet Supply & Demand

          $92.00

          1. Table | MEXICO: MAGNET SUPPLY & DEMAND

        3. 5.6.3 Mexico: Magnet Market Outlook

          $82.00

          1. Table | MEXICO: MAGNET DEMAND BY PRODUCT & MARKET

    6. 6 WESTERN EUROPE

      $2,218.00

      1. 6.1 Western Europe: Economic Overview

        $108.00

      2. 6.2 Western Europe: Magnet Supply & Demand

        $159.00

        1. Table | WESTERN EUROPE: MAGNET SUPPLY & DEMAND

      3. 6.3 Western Europe: Magnet Market Outlook

        $83.00

        1. Table | WESTERN EUROPE: MAGNET DEMAND BY PRODUCT & MARKET

        2. CHART V-1 WESTERN EUROPE: MAGNET DEMAND BY COUNTRY, 2014

      4. 6.4 Germany

        $290.00

        1. 6.4.1 Germany: Economic Overview

          $91.00

        2. 6.4.2 Germany: Magnet Supply & Demand

          $120.00

          1. Table | GERMANY: MAGNET SUPPLY & DEMAND

        3. 6.4.3 Germany: Magnet Market Outlook

          $82.00

          1. Table | GERMANY: MAGNET DEMAND BY PRODUCT & MARKET

      5. 6.5 France

        $295.00

        1. 6.5.1 France: Economic Overview

          $118.00

        2. 6.5.2 France: Magnet Supply & Demand

          $112.00

          1. Table | FRANCE: MAGNET SUPPLY & DEMAND

        3. 6.5.3 France: Magnet Market Outlook

          $82.00

          1. Table | FRANCE: MAGNET DEMAND BY PRODUCT & MARKET

      6. 6.6 Italy

        $268.00

        1. 6.6.1 Italy: Economic Overview

          $122.00

        2. 6.6.2 Italy: Magnet Supply & Demand

          $85.00

          1. Table | ITALY: MAGNET SUPPLY & DEMAND

        3. 6.6.3 Italy: Magnet Market Outlook

          $82.00

          1. Table | ITALY: MAGNET DEMAND BY PRODUCT & MARKET

      7. 6.7 United Kingdom

        $253.00

        1. 6.7.1 United Kingdom: Economic Overview

          $92.00

        2. 6.7.2 United Kingdom: Magnet Supply & Demand

          $97.00

          1. Table | UNITED KINGDOM: MAGNET SUPPLY & DEMAND

        3. 6.7.3 United Kingdom: Magnet Market Outlook

          $82.00

          1. Table | UNITED KINGDOM: MAGNET DEMAND BY PRODUCT & MARKET

      8. 6.8 Switzerland

        $238.00

        1. 6.8.1 Switzerland: Economic Overview

          $82.00

        2. 6.8.2 Switzerland: Magnet Supply & Demand

          $101.00

          1. Table | SWITZERLAND: MAGNET SUPPLY & DEMAND

        3. 6.8.3 Switzerland: Magnet Market Outlook

          $82.00

          1. Table | SWITZERLAND: MAGNET DEMAND BY PRODUCT & MARKET

      9. 6.9 Other Western Europe

        $523.00

        1. 6.9.1 Other Western Europe: Economic Overview

          $110.00

        2. 6.9.2 Other Western Europe: Magnet Supply & Demand

          $112.00

          1. Table | OTHER WESTERN EUROPE: MAGNET SUPPLY & DEMAND

        3. 6.9.3 Other Western Europe: Magnet Market Outlook

          $82.00

          1. Table | OTHER WESTERN EUROPE: MAGNET DEMAND BY PRODUCT & MARKET

        4. 6.9.4 Other Western Europe: Magnet Demand by Country

          $222.00

          1. Table | OTHER WESTERN EUROPE: MAGNET SUPPLY & DEMAND BY COUNTRY

    7. 7 ASIA/PACIFIC

      $3,255.00

      1. 7.1 Asia/Pacific: Economic Overview

        $90.00

      2. 7.2 Asia/Pacific: Magnet Supply & Demand

        $164.00

        1. Table | ASIA/PACIFIC: MAGNET SUPPLY & DEMAND

      3. 7.3 Asia/Pacific: Magnet Market Outlook

        $99.00

        1. Table | ASIA/PACIFIC: MAGNET DEMAND BY PRODUCT & MARKET

        2. CHART VI-1 ASIA/PACIFIC: MAGNET DEMAND BY COUNTRY, 2014

      4. 7.4 China

        $413.00

        1. 7.4.1 China: Economic Overview

          $118.00

        2. 7.4.2 China: Magnet Supply & Demand

          $190.00

          1. Table | CHINA: MAGNET SUPPLY & DEMAND

        3. 7.4.3 China: Magnet Market Outlook

          $104.00

          1. Table | CHINA: MAGNET DEMAND BY PRODUCT & MARKET

      5. 7.5 Japan

        $304.00

        1. 7.5.1 Japan: Economic Overview

          $103.00

        2. 7.5.2 Japan: Magnet Supply & Demand

          $125.00

          1. Table | JAPAN: MAGNET SUPPLY & DEMAND

        3. 7.5.3 Japan: Magnet Market Outlook

          $82.00

          1. Table | JAPAN: MAGNET DEMAND BY PRODUCT & MARKET

      6. 7.6 South Korea

        $281.00

        1. 7.6.1 South Korea: Economic Overview

          $99.00

        2. 7.6.2 South Korea: Magnet Supply & Demand

          $112.00

          1. Table | SOUTH KOREA: MAGNET SUPPLY & DEMAND

        3. 7.6.3 South Korea: Magnet Market Outlook

          $82.00

          1. Table | SOUTH KOREA: MAGNET DEMAND BY PRODUCT & MARKET

      7. 7.7 Thailand

        $261.00

        1. 7.7.1 Thailand: Economic Overview

          $83.00

        2. 7.7.2 Thailand: Magnet Supply & Demand

          $105.00

          1. Table | THAILAND: MAGNET SUPPLY & DEMAND

        3. 7.7.3 Thailand: Magnet Market Outlook

          $82.00

          1. Table | THAILAND: MAGNET DEMAND BY PRODUCT & MARKET

      8. 7.8 Malaysia

        $248.00

        1. 7.8.1 Malaysia: Economic Overview

          $84.00

        2. 7.8.2 Malaysia: Magnet Supply & Demand

          $95.00

          1. Table | MALAYSIA: MAGNET SUPPLY & DEMAND

        3. 7.8.3 Malaysia: Magnet Market Outlook

          $82.00

          1. Table | MALAYSIA: MAGNET DEMAND BY PRODUCT & MARKET

      9. 7.9 India

        $315.00

        1. 7.9.1 India: Economic Overview

          $111.00

        2. 7.9.2 India: Magnet Supply & Demand

          $123.00

          1. Table | INDIA: MAGNET SUPPLY & DEMAND

        3. 7.9.3 India: Magnet Market Outlook

          $82.00

          1. Table | INDIA: MAGNET DEMAND BY PRODUCT & MARKET

      10. 7.10 Taiwan

        $264.00

        1. 7.10.1 Taiwan: Economic Overview

          $100.00

        2. 7.10.2 Taiwan: Magnet Supply & Demand

          $100.00

          1. Table | TAIWAN: MAGNET SUPPLY & DEMAND

        3. 7.10.3 Taiwan: Magnet Market Outlook

          $82.00

          1. Table | TAIWAN: MAGNET DEMAND BY PRODUCT & MARKET

      11. 7.11 Vietnam

        $280.00

        1. 7.11.1 Vietnam: Economic Overview

          $108.00

        2. 7.11.2 Vietnam: Magnet Supply & Demand

          $92.00

          1. Table | VIETNAM: MAGNET SUPPLY & DEMAND

        3. 7.11.3 Vietnam: Magnet Market Outlook

          $82.00

          1. Table | VIETNAM: MAGNET DEMAND BY PRODUCT & MARKET

      12. 7.12 Indonesia

        $271.00

        1. 7.12.1 Indonesia: Economic Overview

          $97.00

        2. 7.12.2 Indonesia: Magnet Supply & Demand

          $96.00

          1. Table | INDONESIA: MAGNET SUPPLY & DEMAND

        3. 7.12.3 Indonesia: Magnet Market Outlook

          $82.00

          1. Table | INDONESIA: MAGNET DEMAND BY PRODUCT & MARKET

      13. 7.13 Other Asia/Pacific

        $264.00

        1. 7.13.1 Other Asia/Pacific: Economic Overview

          $82.00

        2. 7.13.2 Other Asia/Pacific: Magnet Supply & Demand

          $100.00

          1. Table | OTHER ASIA/PACIFIC: MAGNET SUPPLY & DEMAND

        3. 7.13.3 Other Asia/Pacific: Magnet Market Outlook

          $84.00

          1. Table | OTHER ASIA/PACIFIC: MAGNET DEMAND BY PRODUCT & MARKET

    8. 8 OTHER REGIONS

      $1,898.00

      1. 8.1 Central & South America

        $285.00

        1. 8.1.1 Central & South America: Economic Overview

          $91.00

        2. 8.1.2 Central & South America: Magnet Supply & Demand

          $114.00

          1. Table | CENTRAL & SOUTH AMERICA: MAGNET SUPPLY & DEMAND

        3. 8.1.3 Central & South America: Magnet Market Outlook

          $82.00

          1. Table | CENTRAL & SOUTH AMERICA: MAGNET DEMAND BY PRODUCT & MARKET

      2. 8.2 Eastern Europe

        $1,298.00

        1. 8.2.1 Eastern Europe: Economic Overview

          $93.00

        2. 8.2.2 Eastern Europe: Magnet Supply & Demand

          $104.00

          1. Table | EASTERN EUROPE: MAGNET SUPPLY & DEMAND

        3. 8.2.3 Eastern Europe: Magnet Market Outlook

          $91.00

          1. Table | EASTERN EUROPE: MAGNET DEMAND BY PRODUCT & MARKET

          2. CHART VII-1 EASTERN EUROPE: MAGNET DEMAND BY COUNTRY, 2014

        4. 8.2.4 Russia

          $280.00

          1. Table | RUSSIA: MAGNET SUPPLY & DEMAND

          2. Table | RUSSIA: MAGNET DEMAND BY PRODUCT & MARKET

        5. 8.2.5 Czech Republic

          $252.00

          1. Table | CZECH REPUBLIC: MAGNET SUPPLY & DEMAND

          2. Table | CZECH REPUBLIC: MAGNET DEMAND BY PRODUCT & MARKET

        6. 8.2.6 Other Eastern Europe

          $476.00

          1. Table | OTHER EASTERN EUROPE: MAGNET SUPPLY & DEMAND

          2. Table | OTHER EASTERN EUROPE: MAGNET DEMAND BY PRODUCT & MARKET

          3. Table | OTHER EASTERN EUROPE: MAGNET SUPPLY & DEMAND BY COUNTRY

      3. 8.3 Africa/Mideast

        $315.00

        1. 8.3.1 Africa/Mideast: Economic Overview

          $101.00

        2. 8.3.2 Africa/Mideast: Magnet Supply & Demand

          $116.00

          1. Table | AFRICA/MIDEAST: MAGNET SUPPLY & DEMAND

        3. 8.3.3 Africa/Mideast: Magnet Market Outlook

          $97.00

          1. Table | AFRICA/MIDEAST: MAGNET DEMAND BY PRODUCT & MARKET

    9. 9 INDUSTRY STRUCTURE

      $5,187.00

      1. 9.1 General

        $82.00

      2. 9.2 Industry Composition

        $140.00

        1. Table | WORLD MAGNET SALES BY COMPANY, 2014

      3. 9.3 Market Share

        $276.00

        1. CHART VIII-1 WORLD MAGNET MARKET SHARE, 2014

      4. 9.4 Research & Product Development

        $82.00

      5. 9.5 Manufacturing

        $82.00

      6. 9.6 Marketing & Distribution

        $86.00

      7. 9.7 Cooperative Agreements

        $291.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      8. 9.8 Company Profiles

        $3,688.00

        1. 9.8.1 Advanced Technology & Materials Company Limited

          $82.00

        2. 9.8.2 Aichi Steel Corporation

          $82.00

        3. 9.8.3 Anhui Astromagnet Company Limited

          $87.00

        4. 9.8.4 Anhui Earth-Panda Advance Magnetic Material Company Limited

          $116.00

        5. 9.8.5 Beijing Jingci Magnet Company

          $82.00

        6. 9.8.6 Beijing Zhong Ke San Huan Hi-Tech Company Limited

          $206.00

        7. 9.8.7 Chengdu Galaxy Magnets Company Limited

          $82.00

        8. 9.8.8 China Northern Rare Earth Group High-Tech Company Limited

          $136.00

        9. 9.8.9 Daido Steel Company Limited

          $156.00

        10. 9.8.10 Farinia Group

          $82.00

        11. 9.8.11 Guangzhou Newlife Magnet Electricity Company Limited

          $115.00

        12. 9.8.12 Hangzhou Permanent Magnet Group Company Limited

          $82.00

        13. 9.8.13 Hengdian Group Holdings Limited

          $136.00

        14. 9.8.14 Hitachi Limited

          $312.00

        15. 9.8.15 Hunan Aerospace Magnet & Magneto Company Limited

          $82.00

        16. 9.8.16 JAHWA Electronics Company Limited

          $82.00

        17. 9.8.17 JPMF Guangdong Company Limited

          $129.00

        18. 9.8.18 Kaneka Corporation

          $82.00

        19. 9.8.19 Kolektor Group doo

          $90.00

        20. 9.8.20 Magnum Magnetics Corporation

          $88.00

        21. 9.8.21 Magtech Industrial Company

          $82.00

        22. 9.8.22 MagX Company Limited

          $82.00

        23. 9.8.23 Mahindra & Mahindra Limited

          $83.00

        24. 9.8.24 MS-Schramberg GmbH & Company KG

          $82.00

        25. 9.8.25 Ningbo Jinji Strong Magnetic Material Company Limited

          $82.00

        26. 9.8.26 Ningbo Jintian Copper Group Company Limited

          $82.00

        27. 9.8.27 Ningbo Permanent Magnetics Company Limited

          $82.00

        28. 9.8.28 Ningbo Yunsheng Company Limited

          $101.00

        29. 9.8.29 OM Group Incorporated

          $167.00

        30. 9.8.30 One Magnet Electronic Company Limited

          $90.00

        31. 9.8.31 Rising Nonferrous Metals Company Limited

          $82.00

        32. 9.8.32 Shenyang General Magnetic Company Limited

          $82.00

        33. 9.8.33 Shin-Etsu Chemical Company Limited

          $142.00

        34. 9.8.34 TDK Corporation

          $115.00

        35. 9.8.35 Thomas and Skinner Incorporated

          $82.00

        36. 9.8.36 Westmag Technology Corporation Limited

          $82.00

        37. 9.8.37 Xiamen Tungsten Company Limited

          $82.00

        38. 9.8.38 Yantai Shougang Magnetic Materials Incorporated

          $82.00

        39. 9.8.39 Yantai Zhenghai Magnetic Material Company Limited

          $82.00

        40. 9.8.40 YX Magnetic SA

          $82.00

        41. 9.8.41 Zhejiang Kaiven Holdings Group Company Limited

          $82.00

      9. 9.9 Other Companies Mentioned in Study

        $489.00

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