Asia Pacific Permanent Magnets Market Size & Outlook
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- Advanced Materials
- Permanent Magnets Market Outlook
- Advanced Materials
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Asia Pacific permanent magnets market highlights
- The Asia Pacific permanent magnets market generated a revenue of USD 16,591.5 million in 2023.
- The market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, ndfeb was the largest revenue generating material in 2023.
- NdFeB is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 16,591.5 million |
| Market revenue in 2030 | USD 30,774.5 million |
| Growth rate | 9.2% (CAGR from 2024 to 2030) |
| Largest segment | Ndfeb |
| Fastest growing segment | NdFeB |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ferrite, Alnico, NdFeB, SmCo |
| Key market players worldwide | EARTH PANDA ADVANCED MAGNETIC MATERIAL CO LTD, Adams Magnetic Products, Arnold Magnetic Technologies, Daido Steel, Eclipse Magnetics, Electron Energy Corporation, Hangzhou Permanent Magnet Group, Magnequench International, Ningbo Yunsheng, Ningbo Ninggang Permanent Magnetic Materials Co., Shin-Etsu Chemical Co Ltd, TDK Corp, Thomas Skinner, VACUUMSCHMELZE, Umag, SsangYong, Pacific Metals |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 74.8% of the global permanent magnets market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 30,774.5 million by 2030.
Increasing manufacturing activities and surging foreign investments are the key drivers fueling the growth of permanent magnet in the Asia Pacific. The flourishing end-use industries in the region, such as automotive, electronics, and machinery & equipment, and consumer goods, are anticipated to contribute to the increased consumption of permanent magnets in Asia Pacific from 2023 to 2030.
According to UNCTAD’s World Investment Report 2023, the FDI inflows in Asia remained at USD 662 billion in 2022, which accounted for almost 50% of the global inflows. The inflow concentration was mainly in five countries, which are, China, Singapore, Hong Kong, India, and the UAE.
An increase in FDIs in Asia Pacific has led to the enhanced development of different industries resulting in a rise in demand for permanent magnets used in these industries in the region.
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Publish Date: Mar 16, 2026
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Permanent Magnets Market Scope
Permanent Magnets Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Shin-Etsu Chemical Co Ltd | View profile | 25,717 | 6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-0004 | www.shinetsu.co.jp |
| TDK Corp | View profile | 102,908 | Shibaura Renasite Tower, 3-9-1 Shibaura, Minato-ku, Tokyo, Japan | www.tdk.co.jp |
| Arnold Magnetic Technologies | View profile | 501-1000 | Rochester, New York, United States, North America | www.arnoldmagnetics.com/ |
| VACUUMSCHMELZE | View profile | 1001-5000 | Hanau, Hessen, Germany, Europe | www.vacuumschmelze.com/ |
| Adams Magnetic Products | View profile | 101-250 | Elmhurst, Illinois, United States, North America | adamsmagnetic.com |
| EARTH PANDA ADVANCED MAGNETIC MATERIAL CO LTD | View profile | 501-1000 | Hefei, Anhui, China, Asia | www.earth-panda.com |
| Daido Steel | View profile | 10001+ | Nagoya, Aichi, Japan, Asia | www.daido.co.jp/ |
| Eclipse Magnetics | View profile | 101-250 | Sheffield, Sheffield, United Kingdom, Europe | www.eclipsemagnetics.com/ |
| Electron Energy Corporation | View profile | 101-250 | Landisville, New Jersey, United States, North America | electronenergy.com |
| Hangzhou Permanent Magnet Group | View profile | 101-250 | Hangzhou, Zhejiang, China, Asia | chinahpmg.com |
Asia Pacific Permanent Magnets Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Permanent Magnets Market Outlook will help companies and investors design strategic landscapes.
Ndfeb was the largest segment with a revenue share of 71.5% in 2023.
Horizon Databook has segmented the Asia Pacific permanent magnets market based on ferrite, alnico, ndfeb, smco covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing manufacturing activities and surging foreign investments are the key drivers fueling the growth of permanent magnet in the Asia Pacific. The flourishing end-use industries in the region, such as automotive, electronics, and machinery & equipment, and consumer goods, are anticipated to contribute to the increased consumption of permanent magnets in Asia Pacific from 2023 to 2030.
According to UNCTAD’s World Investment Report 2023, the FDI inflows in Asia remained at USD 662 billion in 2022, which accounted for almost 50% of the global inflows. The inflow concentration was mainly in five countries, which are, China, Singapore, Hong Kong, India, and the UAE.
An increase in FDIs in Asia Pacific has led to the enhanced development of different industries resulting in a rise in demand for permanent magnets used in these industries in the region.
- Asia Pacific Permanent Magnets Market Material Outlook (Revenue, USD Million , 2018-2030)
- Ferrite
- Alnico
- NdFeB
- SmCo
- Asia Pacific Permanent Magnets Market Application Outlook (Revenue, USD Million , 2018-2030)
- Automotive
- Consumer Goods & Electronics
- Industrial
- Medical
- Energy
- Aerospace & Defense
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Permanent Magnets Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Permanent Magnets Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Permanent Magnets Market, 2018-2030 (US$M)
Asia Pacific Material - Permanent Magnets Market Statistics, 2023 - 2030 (Kilotons)
