Europe Permanent Magnets Market Size & Outlook, 2023-2030
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- Advanced Materials
- Permanent Magnets Market Outlook
- Advanced Materials
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Europe permanent magnets market highlights
- The Europe permanent magnets market generated a revenue of USD 2,369.0 million in 2023.
- The market is expected to grow at a CAGR of 6.8% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,369.0 million |
| Market revenue in 2030 | USD 3,761.8 million |
| Growth rate | 6.8% (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, Europe region accounted for 10.7% 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.
The EU accounts for 1/6th of global trade, with Germany, France, and Italy constituting 53% of the total EU economy. Despite the Russia-Ukraine conflict, energy crisis, and tightening of monetary conditions, the EU economy performed well towards the end of 2022. Its GDP growth for 2023 and 2024 is forecasted at 1.0% and 1.7%, respectively. The below chart depicts the real GDP of key economies in Europe for 2022 and the forecast for 2023 and 2024.
The invasion of Ukraine by Russia affected the permanent magnet supply chain. War adversely impacted the trade of natural gas in Europe, which made the issue worse for European countries. Energy-intensive sectors in Europe, including aluminum and steel manufacturing, have halted or temporarily suspended their operations across Europe owing to these challenges.
However, with the growth of various end-use industries such as automotive, and aerospace, the regional market is anticipated to grow significantly in the coming years.
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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 |
Europe 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 67.19% in 2023.
Horizon Databook has segmented the Europe permanent magnets market based on ferrite, alnico, ndfeb, smco covering the revenue growth of each sub-segment from 2018 to 2030.
The EU accounts for 1/6th of global trade, with Germany, France, and Italy constituting 53% of the total EU economy. Despite the Russia-Ukraine conflict, energy crisis, and tightening of monetary conditions, the EU economy performed well towards the end of 2022. Its GDP growth for 2023 and 2024 is forecasted at 1.0% and 1.7%, respectively. The below chart depicts the real GDP of key economies in Europe for 2022 and the forecast for 2023 and 2024.
The invasion of Ukraine by Russia affected the permanent magnet supply chain. War adversely impacted the trade of natural gas in Europe, which made the issue worse for European countries. Energy-intensive sectors in Europe, including aluminum and steel manufacturing, have halted or temporarily suspended their operations across Europe owing to these challenges.
However, with the growth of various end-use industries such as automotive, and aerospace, the regional market is anticipated to grow significantly in the coming years.
- Europe Permanent Magnets Market Material Outlook (Revenue, USD Million , 2018-2030)
- Ferrite
- Alnico
- NdFeB
- SmCo
- Europe 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 Europe Permanent Magnets Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Permanent Magnets Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Permanent Magnets Market, 2018-2030 (US$M)
Europe Material - Permanent Magnets Market Statistics, 2023 - 2030 (US$M)
