Middle East & Africa Permanent Magnets Market Size & Outlook
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- Permanent Magnets Market Outlook
- Advanced Materials
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MEA permanent magnets market highlights
- The MEA permanent magnets market generated a revenue of USD 554.8 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.
MEA data book summary
| Market revenue in 2023 | USD 554.8 million |
| Market revenue in 2030 | USD 880.0 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, MEA region accounted for 2.5% 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.
M Glory Holding, an automotive manufacturer headquartered in the United Arab Emirates (UAE.), has made an exciting announcement regarding a substantial manufacturing endeavour. With a total investment of USD 550 million, the project aims to establish three electric vehicle (EV) plants across the UAE., Jordan, and Egypt. The production capacity of these plants is projected to reach 40,000 compact crossover SUVs within the initial 3 years of operation.
CFC Group, a prominent Emirati investor-owned company, has revealed its plans to invest USD 400 million in the creation of an expansive industrial complex dedicated to fertilizers and chemicals in Egypt. This project is a result of the signing of Memorandums of Understanding (MoUs) between Arab Potash, based in Jordan, and Egypt's Misr Phosphate Company, for providing essential raw materials.
The envisioned industrial complex is expected to have an annual production capacity of half a million tonnes of fodder and potash fertilizers, along with 1.1 million tonnes of chemicals.
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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 |
Middle East & Africa 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 63.97% in 2023.
Horizon Databook has segmented the Middle East & Africa permanent magnets market based on ferrite, alnico, ndfeb, smco covering the revenue growth of each sub-segment from 2018 to 2030.
M Glory Holding, an automotive manufacturer headquartered in the United Arab Emirates (UAE.), has made an exciting announcement regarding a substantial manufacturing endeavour. With a total investment of USD 550 million, the project aims to establish three electric vehicle (EV) plants across the UAE., Jordan, and Egypt. The production capacity of these plants is projected to reach 40,000 compact crossover SUVs within the initial 3 years of operation.
CFC Group, a prominent Emirati investor-owned company, has revealed its plans to invest USD 400 million in the creation of an expansive industrial complex dedicated to fertilizers and chemicals in Egypt. This project is a result of the signing of Memorandums of Understanding (MoUs) between Arab Potash, based in Jordan, and Egypt's Misr Phosphate Company, for providing essential raw materials.
The envisioned industrial complex is expected to have an annual production capacity of half a million tonnes of fodder and potash fertilizers, along with 1.1 million tonnes of chemicals.
- Middle East & Africa Permanent Magnets Market Material Outlook (Revenue, USD Million , 2018-2030)
- Ferrite
- Alnico
- NdFeB
- SmCo
- Middle East & Africa 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 Middle East & Africa Permanent Magnets Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Permanent Magnets Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
MEA Material - Permanent Magnets Market Statistics, 2023 - 2030 (Kilotons)
