Executive Summary
The Global Rare Earth Magnet Market valued at USD 13298.44 Million in the year 2019 has been witnessing lucrative growth owing to stringent regulatory standards regarding environment conservation, supportive government policies on energy conservation, as well as growing consumer awareness about product quality. The continuous rise in demand of permanent magnet in Asia Pacific region is driving the demand of industrial products from last few years. The recent technology promises substantial reduction in maintenance costs, which is why it is received by a significantly large number of buyers hailing from diverse industrial backgrounds.
Owing to low production cost in Asian countries backed with rising industrialization, manufacturers are investing in economies such as India and China which is propelling the market growth. Positive outlook towards automobile and electronic sector coupled with rapid industrialization across developed and emerging economies will drive the Rare Earth Magnet market size. Additionally, expectation of rise in consumer demand and investment by public and private sector in small and medium scale industries will drive the market of global Rare Earth Magnet in future.
The global rare earth elements market is driven by rising sale of the electronics devices such as smart phones, laptops, televisions, computers etc. due to rising consumer spending and increasing internet penetration around the globe. Further increasing sale of the electric as well as hybrid vehicles around the globe due to growing consumer's awareness and rising government initiatives and schemes has propelled the growth of the rare earth elements market.
The market is also expected to register huge growth in demand post COVID-19 pandemic situation attributable to the demand for the rare earth elements as several leading manufacturers started production of electronics devices, electric vehicles and medical devices like ventilators. Neodymium magnets have replaced alnico and ferrite magnets in many of the myriad applications in modern technology where strong permanent magnets are required.
Automotive is another vital end-use segment of the market, which is anticipated to witness steady growth over the coming years owing to electric vehicles. Electric motors that have permanent magnets, such as neodymium magnets, tend to provide better induction, save energy, are light in weight, and generate more power.
Scope of the Report
- The report analyses the Rare Earth Magnet Market by Type (Sintered Rare Earth Magnet, Bonded Rare Earth Magnet).
- The report analyses the Rare Earth Magnet Market by Composition (NdFeB, SmCo).
- The report analyses the Rare Earth Magnet Market by Application (Automobile, Electronics, Medical, Defense, Others).
- The Rare Earth Magnet Market has been analysed By Region (Americas, Europe, Asia Pacific, MEA) and By Country (United States, Canada, Brazil, Germany, Russia, United Kingdom, China, Japan, Australia).
- Also, the attractiveness of the market has been presented by region, type, Composition, application. Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Lynas Corporation, Hitachi Metal, Shin-Etsu Chemical Co. Ltd, Yantai Shougang Magnetic Materials Inc., Eriez, Rochester Magnetics, Bunting Magnetics, Eclipse Magnetic, Sheensen Magnet Industry Co., Ltd.
- The report presents the analysis of Rare Earth Magnet market for the historical period of 2015-2019 and the forecast period of 2020-2025.
Key Target Audience
- Rare Earth Magnet Vendors
- Electronics, EV, Medical Device Manufacturers
- Consulting and Advisory Firms
- Government and Policy Makers
- Regulatory Authorities
Global Rare Earth Magnet Market: Analysis By Type (Sintered, Bonded), Composition (NdFeB, SmCo), Application, By Region, By Country (2020 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)
Table of Contents
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Rare Earth Magnet Market: Product Overview
4. Rare Earth Magnet Market: Sizing and Forecast
4.1 Market Size, By Value, Year 2015-2019
4.2 Market Size, By Value, Year 2020-2025
4.3 Impact of COVID-19 on Global Rare Earth Magnet Market
4.4 Global Economic & Industrial Outlook
5. Rare Earth Magnet Market Segmentation, By Type (Value)
5.1 Global Rare Earth Magnet Market: Segment Analysis
5.2 Competitive Scenario of Global Rare Earth Magnet Market: By Type (2019 & 2025)
5.3 By Sintered Rare Earth Magnet- Market Size and Forecast (2015-2025)
5.4 By Bonded Rare Earth Magnet- Market Size and Forecast (2015-2025)
6. Rare Earth Magnet Market Segmentation, By Composition(Value)
6.1 Global Rare Earth Magnet Market: Segment Analysis
6.2 Competitive Scenario of Global Rare Earth Magnet Market: By Composition (2019 & 2025)
6.3 By NdFeB- Market Size and Forecast (2015-2025)
6.4 By SmCo- Market Size and Forecast (2015-2025)
7. Rare Earth Magnet Market Segmentation, By Application(Value)
7.1 Global Rare Earth Magnet Market: Segment Analysis
7.2 Competitive Scenario of Global Rare Earth Magnet Market: By Composition (2019 & 2025)
7.3 By Automobile- Market Size and Forecast (2015-2025)
7.4 By Electronics- Market Size and Forecast (2015-2025)
7.5 By Medical- Market Size and Forecast (2015-2025)
7.6 By Defense- Market Size and Forecast (2015-2025)
7.7 By Others- Market Size and Forecast (2015-2025)
8. Global Rare Earth Magnet Market: Regional Analysis
8.1 Competitive Scenario of Global Rare Earth Magnet Market: By Region (2019 & 2025)
9. Americas Rare Earth Magnet Market: An Analysis
9.1 Americas Rare Earth Magnet Market: Size and Forecast (2015-2025)
9.2 Americas Economic and industrial Statistics
9.3 Americas IRare Earth Magnet Market- Prominent Companies
9.4 Market Segmentation By Type (Sintered Rare Earth Magnet, Bonded Rare Earth Magnet )
9.5 Market Segmentation By Composition (NdFeB, SmCo)
9.6 Market Segmentation By Application ( Automobile, Electronics, Medical, Defense, Others)
9.7 Americas Rare Earth Magnet Market: Country Analysis
9.8 Market Opportunity Chart of Americas Rare Earth Magnet Market - By Country, By Value (Year-2025)
9.9 Competitive Scenario of Americas Rare Earth Magnet : By Country (2019 & 2025)
9.10 United States Rare Earth Magnet Market: Size and Forecast (2015-2025)
9.11 United States Rare Earth Magnet Market Segmentation By Type, By Composition, By Application (2015-2025)
9.12 United States Economic and Industrial Statistics
9.13 Canada Rare Earth Magnet Market: Size and Forecast (2015-2025)
9.14 Canada Rare Earth Magnet Market Segmentation By Type, By Composition, By Application (2015-2025)
9.15 Canada Economic and Industrial Statistics
9.16 Brazil Rare Earth Magnet Market: Size and Forecast (2015-2025)
9.17 Brazil Rare Earth Magnet Market Segmentation By Type, By Composition, By Application (2015-2025)
9.18 Brazil Economic and Industrial Statistics
10. Europe Rare Earth Magnet Market: An Analysis
10.1 Europe Rare Earth Magnet Market: Size and Forecast (2015-2025)
10.2 Europe Economic and industrial Statistics
10.3 Europe Rare Earth Magnet Market- Prominent Companies
10.4 Market Segmentation By Type (Sintered Rare Earth Magnet, Bonded Rare Earth Magnet )
10.5 Market Segmentation By Composition (NdFeB, SmCo)
10.6 Market Segmentation By Application ( Automobile, Electronics, Medical, Defense, Others)
10.7 Europe Rare Earth Magnet Market: Country Analysis
10.8 Market Opportunity Chart of Europe Rare Earth Magnet Market - By Country, By Value (Year-2025)
10.9 Competitive Scenario of Europe Rare Earth Magnet : By Country (2019 & 2025)
10.10 Germany Rare Earth Magnet Market: Size and Forecast (2015-2025)
10.11 Germany Rare Earth Magnet Market Segmentation By Type, By Composition, By Application (2015-2025)
10.12 Germany Economic and Industrial Statistics
10.13 Russia Rare Earth Magnet Market: Size and Forecast (2015-2025)
10.14 Russia Rare Earth Magnet Market Segmentation By Type, By Composition, By Application (2015-2025)
10.15 Russia Economic and Industrial Statistics
10.16 United Kingdom Rare Earth Magnet Market: Size and Forecast (2015-2025)
10.17 United Kingdom Rare Earth Magnet Market Segmentation By Type, By Composition, By Application (2015-2025)
10.18 United Kingdom Economic and Industrial Statistics
11. Asia Pacific Rare Earth Magnet Market: An Analysis
11.1 APAC Rare Earth Magnet Market: Size and Forecast (2015-2025)
11.2 APAC Economic and industrial Statistics
11.3 APAC Rare Earth Magnet Market- Prominent Companies
11.4 Market Segmentation By Type (Sintered Rare Earth Magnet, Bonded Rare Earth Magnet )
11.5 Market Segmentation By Composition (NdFeB, SmCo)
11.6 Market Segmentation By Application ( Automobile, Electronics, Medical, Defense, Others)
11.7 APAC Rare Earth Magnet Market: Country Analysis
11.8 Market Opportunity Chart of APAC Rare Earth Magnet Market - By Country, By Value (Year-2025)
11.9 Competitive Scenario of APAC Rare Earth Magnet : By Country (2019 & 2025)
11.10 China Rare Earth Magnet Market: Size and Forecast (2015-2025)
11.11 China Rare Earth Magnet Market Segmentation By Type, By Composition, By Application (2015-2025)
11.12 China Economic and Industrial Statistics
11.13 Japan Rare Earth Magnet Market: Size and Forecast (2015-2025)
11.14 Japan Rare Earth Magnet Market Segmentation By Type, By Composition, By Application (2015-2025)
11.15 Japan Economic and Industrial Statistics
11.16 Australia Rare Earth Magnet Market: Size and Forecast (2015-2025)
11.17 Australia Rare Earth Magnet Market Segmentation By Type, By Composition, By Application (2015-2025)
11.18 Australia Economic and Industrial Statistics
12. Global Rare Earth Magnet Market Dynamics
12.1 Global Rare Earth Magnet Market Drivers
12.2 Global Rare Earth Magnet Market Restraints
12.3 Global Rare Earth Magnet Market Trends
13. Market Attractiveness and Strategic Analysis
13.1 Market Attractiveness
13.1.1 Market Attractiveness Chart of Global Rare Earth Magnet Market - By Type (Year 2025)
13.1.2 Market Attractiveness Chart of Global Rare Earth Magnet Market - By Composition (Year 2025)
13.1.3 Market Attractiveness Chart of Global Rare Earth Magnet Market - By Application (Year 2025)
13.1.4 Market Attractiveness Chart of Global Rare Earth Magnet Market - By Region (Year 2025)
14. Competitive Landscape
14.1 Global NdPr Market share
15. Company Profiles (Business Description, Financial Analysis, Business Strategy)
15.1 Lynas Corporation
15.2 Hitachi Metals
15.3 Shin-Etsu Chemical Co., Ltd
15.4 Yantai Shougang Magnetic Materials Inc.
15.5 Eriez
15.6 Rochester Magnetics
15.7 Bunting Magnetics
15.8 Eclipse Magnetic
15.9 Sheensen Magnet Industry Co., Ltd
List of Figures
Figure 1: Global Rare Earth Magnet Market Size, By Value, 2015-2019 (USD Million)
Figure 2: Global Rare Earth Magnet Market Size, By Value, 2020-2025 (USD Million)
Figure 3: Global Rare Earth Metals , Mine Production (in Thousand tonnes), 2014-19
Figure 4: Global Light vehicle Production (Millions), 2016-2019
Figure 5: Global Manufacturing value added (USD Trillion), 2014-2019
Figure 6: Global EV Sales (in thousands), 2016-20
Figure 7: Global Industry (Including Construction), Value added (annual growth), 2014-2019
Figure 8: Global Installed Wind Capacity (GW) Projections, 2016-20
Figure 9: Global Ndpr Production, (tonnes per annum), 2014-19
Figure 10: Global Rare Earth Magnet Market- By Type Market Share, 2019 & 2025
Figure 11: Global Rare Earth Magnet Market- By Sintered Rare Earth Magnet, By Value (USD Million), 2015-2025
Figure 12: Global Rare Earth Magnet Market- By Bonded Rare Earth Magnet, By Value (USD Million), 2015-2025
Figure 13: Global Rare Earth Magnet Market- By Composition Market Share, 2019 & 2025
Figure 14: Global Rare Earth Magnet Market- By NdFeB, By Value (USD Million), 2015-2025
Figure 15: Global Rare Earth Magnet Market- By SmCo, By Value (USD Million), 2015-2025
Figure 16: Global Rare Earth Magnet Market- By Application Market Share, 2019 & 2025
Figure 17: Global Rare Earth Magnet Market- By Automobile, By Value (USD Million), 2015-2025
Figure 18: Global Rare Earth Magnet Market- By Electronics, By Value (USD Million), 2015-2025
Figure 19: Global Rare Earth Magnet Market- By Medical, By Value (USD Million), 2015-2025
Figure 20: Global Rare Earth Magnet Market- By Defense, By Value (USD Million), 2015-2025
Figure 21: Global Rare Earth Magnet Market- By Others, By Value (USD Million), 2015-2025
Figure 22: Global Rare Earth Magnet Market- By Region Market Share, 2019 & 2025
Figure 23: Americas Rare Earth Magnet Market Size, By Value, 2015-2025 (USD Million)
Figure 24: North America Light vehicle Production (Millions), 2015-2019
Figure 25: Latin America & Caribbean Industry (Including Construction), value added (annual growth), 2014-19
Figure 26: America Installed Wind Capacity (Megawatts), 2014-19
Figure 27: Americas Rare Earth Magnet Market- By Type, By Value (USD Million), 2015-2025
Figure 28: Americas Rare Earth Magnet Market- By Composition, By Value (USD Million), 2015-2025
Figure 29: Americas Rare Earth Magnet Market- By Application, By Value (USD Million), 2015-2025
Figure 30: Market Opportunity Chart of Americas Rare Earth Magnet Market- By Country, By Value (Year-2025)
Figure 31: Americas Rare Earth Magnet Market- By Country Market Share, 2019 & 2025
Figure 32: United States Rare Earth Magnet Market Size, By Value, 2015-2025 (USD Million)
Figure 33: United States Rare Earth Magnet Market- By Type, By Value (USD Million), 2015-2025
Figure 34: United States Rare Earth Magnet Market- By Composition, By Value (USD Million), 2015-2025
Figure 35: United States Rare Earth Magnet Market- By Application, By Value (USD Million), 2015-2025
Figure 36: United States Installed Wind Capacity (Megawatt), 2014-19
Figure 37: United States Light vehicle Production (Millions), 2016-2019
Figure 38: United States Rare Earth metals: Production and Reserves (Thousand Tonnes), 2013-15, & 2018-19
Figure 39 Canada Rare Earth Magnet Market Size, By Value, 2015-2025 (USD Million)
Figure 40: Canada Rare Earth Magnet Market- By Type, By Value (USD Million), 2015-2025
Figure 41: Canada Rare Earth Magnet Market- By Composition, By Value (USD Million), 2015-2025
Figure 42: Canada Rare Earth Magnet Market- By Application, By Value (USD Million), 2015-2025
Figure 43: Canada Installed Wind Capacity (Megawatt), 2014-19
Figure 44: Canada-manufacturing value added (annual % growth), 2014 - 2019
Figure 45: Brazil Rare Earth Magnet Market Size, By Value, 2015-2025 (USD Million)
Figure 46: Brazil Rare Earth Magnet Market- By Type, By Value (USD Million), 2015-2025
Figure 47: Brazil Rare Earth Magnet Market- By Composition, By Value (USD Million), 2015-2025
Figure 48: Brazil Rare Earth Magnet Market- By Application, By Value (USD Million), 2015-2025
Figure 49: Brazil Rare Earth Metals: Mine Production (Thousand Tonnes), 2015-19
Figure 50: Brazil Installed Wind Capacity (Megawatt), 2014-19
Figure 51: Brazil Manufacturing, Value Added(USD Billion), 2014-19
Figure 52: Brazil Industry (Including Construction), value added (USD Billion), 2014-17
Figure 53: Europe Rare Earth Magnet Market Size, By Value, 2015-2025 (USD Million)
Figure 54: Europe Installed Wind Capacity, 2014-19 (Megawatts)
Figure 55: Europe Total New vehicle sales (Millions), 2015-2019
Figure 56: Europe Union Industry (Including Construction), Value Added (USD Trillion), 2014-19
Figure 57: European Union Manufacturing, Value Added (USD Trillion), 2014-19
Figure 58: Europe Rare Earth Magnet Market- By Type, By Value (USD Million), 2015-2025
Figure 59: Europe Rare Earth Magnet Market- By Composition, By Value (USD Million), 2015-2025
Figure 60: Europe Rare Earth Magnet Market- By Application, By Value (USD Million), 2015-2025
Figure 61: Market Opportunity Chart of Europe Rare Earth Magnet Market- By Country, By Value (Year-2025)
Figure 62: Europe Rare Earth Magnet Market- By Country Market Share, 2019 & 2025
Figure 63: Germany Rare Earth Magnet Market Size, By Value, 2015-2025 (USD Million)
Figure 64: Germany Rare Earth Magnet Market- By Type, By Value (USD Million), 2015-2025
Figure 65: Germany Rare Earth Magnet Market- By Composition, By Value (USD Million), 2015-2025
Figure 66: Germany Rare Earth Magnet Market- By Application, By Value (USD Million), 2015-2025
Figure 67: Germany Installed Wind Capacity (Megawatts), 2014-19
Figure 68: Germany Manufacturing, Value Added (USD Billion), 2014-19
Figure 69: Germany Industry (Including Construction), Value Added (USD Billion), 2014-19
Figure 70: Russia Rare Earth Magnet Market Size, By Value, 2015-2025 (USD Million)
Figure 71: Russia Rare Earth Magnet Market- By Type, By Value (USD Million), 2015-2025
Figure 72: Russia Rare Earth Magnet Market- By Composition, By Value (USD Million), 2015-2025
Figure 73: Russia Rare Earth Magnet Market- By Application, By Value (USD Million), 2015-2025
Figure 74: Russia Installed Wind Capacity (Megawatts), 2014-19
Figure 75: Russia Rare Earth Metals: Mine Production (Thousand Tonnes), 2014-19
Figure 76: United Kingdom Rare Earth Magnet Market Size, By Value, 2015-2025 (USD Million)
Figure 77: United Kingdom Rare Earth Magnet Market- By Type, By Value (USD Million), 2015-2025
Figure 78: United Kingdom Rare Earth Magnet Market- By Composition, By Value (USD Million), 2015-2025
Figure 79: United Kingdom Rare Earth Magnet Market- By Application, By Value (USD Million), 2015-2025
Figure 80: U.K-manufacturing value added (annual % growth), 2014 - 2019
Figure 81: U.K Installed Wind Capacity (Megawatts), 2014-19
Figure 82: Asia Pacific Rare Earth Magnet Market Size, By Value, 2015-2025 (USD Million)
Figure 83: APAC Installed Wind Capacity (Megawatts), 2014-19
Figure 84: East Asia & Pacific Industry (Including Construction), Value Added (USD Trillion), 2013-18
Figure 85: East Asia & Pacific Manufacturing, Value Added (USD Trillion), 2013-18
Figure 86: Asian developing countries manufacturing growth rate (%)
Figure 87: Asia Pacific Rare Earth Magnet Market- By Type, By Value (USD Million), 2015-2025
Figure 88: Asia Pacific Rare Earth Magnet Market- By Composition, By Value (USD Million), 2015-2025
Figure 89: Asia Pacific Rare Earth Magnet Market- By Application, By Value (USD Million), 2015-2025
Figure 90: Market Opportunity Chart of APAC Rare Earth Magnet Market- By Country, By Value (Year-2025)
Figure 91: APAC Rare Earth Magnet Market- By Country Market Share, 2019 & 2025
Figure 92: China Rare Earth Magnet Market Size, By Value, 2015-2025 (USD Million)
Figure 93: China Rare Earth Magnet Market- By Type, By Value (USD Million), 2015-2025
Figure 94: China Rare Earth Magnet Market- By Composition, By Value (USD Million), 2015-2025
Figure 95: China Rare Earth Magnet Market- By Application, By Value (USD Million), 2015-2025
Figure 96: China Manufacturing, Value Added (USD Trillion), 2014-19
Figure 97: China Industry (Including Construction), Value Added (USD Trillion), 2014-19
Figure 98: China Rare Earth Metals Mine Production (Thousand Tonnes), 2014-19
Figure 99: China Installed Wind Capacity (Megawatts), 2014-19
Figure 100: Japan Rare Earth Magnet Market Size, By Value, 2015-2025 (USD Million)
Figure 101: Japan Rare Earth Magnet Market- By Type, By Value (USD Million), 2015-2025
Figure 102: Japan Rare Earth Magnet Market- By Composition, By Value (USD Million), 2015-2025
Figure 103: Japan Rare Earth Magnet Market- By Application, By Value (USD Million), 2015-2025
Figure 104: Japan Manufacturing, Value Added (USD Trillion), 2014-19
Figure 105: Japan Industry (Including Construction), Value Added (USD Trillion), 2014-18
Figure 106: Japan Installed Wind Capacity (Megawatts), 2014-18
Figure 107: Australia Rare Earth Magnet Market Size, By Value, 2015-2025 (USD Million)
Figure 108: Australia Rare Earth Magnet Market- By Type, By Value (USD Million), 2015-2025
Figure 109: Australia Rare Earth Magnet Market- By Composition, By Value (USD Million), 2015-2025
Figure 110: Australia Rare Earth Magnet Market- By Application, By Value (USD Million), 2015-2025
Figure 111: Australia Rare Earth Metals: Mine Production (Thousand Tonnes), 2014-19
Figure 112: Australia Installed Wind Capacity (Megawatts), 2014-18
Figure 113: Market Attractiveness Chart of Global Rare Earth Magnet Market- By Type (Year-2025)
Figure 114: Market Attractiveness Chart of Global Rare Earth Magnet Market- By Composition (Year-2025)
Figure 115: Market Attractiveness Chart of Global Rare Earth Magnet Market- By Application (Year-2025)
Figure 116: Market Attractiveness Chart of Global Rare Earth Magnet Market- By Region (Year-2025)
Figure 117: Global NdPr market share (%), 2019
Figure 118: Lynas Corporation Annual Sales Revenue, FY2016-FY2020 (USD Million)
Figure 119: Lynas Corporation Gross Profit, FY2016-FY2020 (USD Million)
Figure 120: Lynas Corporation Sales Revenue, By Business Segment (%), FY2020
Figure 121: Lynas Corporation Sales Volume, By Tonnage, FY2016-FY2020
Figure 122: Hitachi Metals Annual Sales Revenue, 2015-2019 (USD Million)
Figure 123: Hitachi Metals Net Income, 2015-2019 (USD Million)
Figure 124: Hitachi Metals Sales Revenue, By Business Segment (%), FY2019
Figure 125: Hitachi Metals Sales Revenue, By Geographical Segment (%), FY2019
Figure 126: Shin-Etsu Chemical Annual Sales Revenue, 2015-2019 (USD Million)
Figure 127: Shin-Etsu Chemical Operating Income, 2015-2019 (USD Million)
Figure 128: Shin-Etsu Chemical Sales Revenue, By Business Segment (%), FY2019
Figure 129: Shin-Etsu Chemical Sales Revenue, By Business Segment (%), FY2018
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