openPR Logo
Press release

Advanced Magnetic Material Market Size Share Growth and Report 2024

05-27-2024 12:05 PM CET | Chemicals & Materials

Press release from: DataM Intelligence 4Market Research

Advanced Magnetic Material Market Size Share Growth and Report

Market Overview:

The global advanced magnetic materials market reached US$ 24.1 million in 2023 and is projected to grow to US$ 49.4 million by 2031, with a CAGR of 9.4% during the forecast period from 2024 to 2031. These materials play a critical role in various industries such as automotive, energy, and electronics, driven by their applications in electric vehicles, power generation, and consumer electronics.

Market Dynamics:

Rising Electrification in Automotive: Increasing adoption of electric and hybrid vehicles globally is a major driver for advanced magnetic materials, particularly neodymium-iron-boron magnets used in electric motors. This shift is fueled by environmental regulations and consumer demand for fuel-efficient vehicles.

Growing Demand from Energy & Power: Advanced magnetic materials are essential in energy generation and transmission equipment such as motors, generators, and transformers. The expanding global power generation capacity further boosts the demand for these materials.
Challenges in Material Costs and Availability: High manufacturing costs and limited availability of rare earth elements (e.g., neodymium, dysprosium) used in advanced magnetic materials pose challenges. Supply constraints and price volatility impact market stability and cost-effectiveness.

Download Sample: https://www.datamintelligence.com/download-sample/advanced-magnetic-material-market

Segment Analysis:

Automotive Segment: Expected to dominate with over 30% market share during 2024-2031, driven by investments in electric vehicle production and advancements in automotive technologies. Regulatory pressures on emissions and fuel economy also propel the adoption of advanced magnetic materials in vehicle components.

Geographical Analysis:

Asia-Pacific: Projected to be the dominant region, covering over 30% of the market, driven by robust growth in the automotive sector and increasing energy projects. Countries like China and Japan are investing significantly in electric vehicles and renewable energy, boosting demand for advanced magnetic materials.

North America: Expected to hold a significant market share (over 20%), supported by strong investments in power generation infrastructure and automotive innovations. The region's focus on renewable energy and technological advancements further drives market growth.

To access the complete report: https://www.datamintelligence.com/research-report/advanced-magnetic-material-market

Competitive Landscape:

Major players in the global advanced magnetic materials market include Adams Magnetic Products Co., Advanced Technology & Materials Co., Ltd., Anhui Sinomag Technology Co., Ltd., and TDK Corporation. These companies emphasize innovation, strategic partnerships, and research to enhance product offerings and maintain competitive edge in the market.

This comprehensive analysis outlines the growth drivers, challenges, and competitive dynamics shaping the global advanced magnetic materials market through 2031.

Related Reports:

Retro-Reflective Materials Market: https://www.datamintelligence.com/research-report/retro-reflective-materials-market

Double Glazing Glass Market: https://www.datamintelligence.com/research-report/double-glazing-glass-market

Recycled Carbon Fiber Market: https://www.datamintelligence.com/research-report/recycled-carbon-fiber-market

Amorphous Polyethylene Terephthalate Market: https://www.datamintelligence.com/research-report/amorphous-polyethylene-terephthalate-market

Contact Us -
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: DataMIntelligence

About Us -
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Advanced Magnetic Material Market Size Share Growth and Report 2024 here

News-ID: 3513526 • Views:

More Releases from DataM Intelligence 4Market Research

Kidney Transplant Market is expected to reach US$ 10.99 Billion by 2033 | Top key players - Transonic, Sanofi S.A., Organ Recovery Systems, Inc.
Kidney Transplant Market is expected to reach US$ 10.99 Billion by 2033 | Top ke …
Market Size and Growth: The Kidney Transplant Market size reached US$ 7.91 Billion in 2024 and is expected to reach US$ 10.99 Billion by 2033, growing at a CAGR of 3.7% during the forecast period 2025-2033. Kidney Transplant Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and
Global Heart Transplant Market Set to Soar with Rising Demand for Advanced Cardiac Care 2025 | Top key players - Vygo, SynCardia Systems, LLC, CARMAT.
Global Heart Transplant Market Set to Soar with Rising Demand for Advanced Cardi …
Market Overview: The Global Heart Transplant Market is expected to reach at a Significant CAGR during the forecast period 2024-2031. Heart Transplant Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers
AI in Mental Health Market is expected to reach US$12.69 billion by 2033 | Top key players - Woebot Health, Wysa Ltd, BetterHelp.
AI in Mental Health Market is expected to reach US$12.69 billion by 2033 | Top k …
Market Size and Growth: The Global AI in Mental Health Market reached US$1.95 billion in 2024 and is expected to reach US$12.69 billion by 2033, growing at a CAGR of 22.8% during the forecast period 2025-2033, AI in Mental Health Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed
Metabolic Dysfunction-Associated Steatohepatitis (MASH) Treatment Market is expected to reach US$ 7.64 billion by 2031 | Top key players - Madrigal Pharmaceuticals, Simson Pharma Limited, Dr. Reddy's Laboratories Ltd.
Metabolic Dysfunction-Associated Steatohepatitis (MASH) Treatment Market is expe …
Market Size and Growth: The Global Metabolic Dysfunction-Associated Steatohepatitis (MASH) Treatment Market size reached US$ 1.67 billion in 2023 and is expected to reach US$ 7.64 billion by 2031, growing at a CAGR of 21.8% during the forecast period 2024-2031. Metabolic Dysfunction-Associated Steatohepatitis (MASH) Treatment Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence

All 5 Releases


More Releases for Material

Firestop Material Market
LOS ANGELES, United States: The global Firestop Material market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Firestop Material market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and
New Material Direction for Electric Toothbrushes - Si-TPV Soft Over Molded Mater …
When it comes to factors such as consumer experience or ergonomics, Si-TPV Soft Over Molded Material has had a huge impact on the improvement of various products such as electric toothbrushes, etc. Si-TPV is a Silicone Combine TPU developed and produced by SILIKE, a Thermoplastic Elastomer Manufacturer (Thermoplastic Elastomer Suppliers). Si-TPV material adopts Innovative Soft Slip Technology and Sustainable Overmolding Techniques, which can be used to make Stain Resistance Soft
A new light on a misjudged material - Plastic waste: material for art
Used plastic bottles are not waste, but a valuable resource. They can be reprocessed in a variety of ways and transformed into new products or fresh energy. And into art. This is exactly what Ve-ronika Richterová does. The Czech artist creates fascinating sculp-tures made out of old PET bottles. Plastic has inspired artists from the very beginning. The reason: plas-tic meets almost all technical and aesthetic requirements. It is a uni-versal
Global Thermal Transfer Material Market, Global Thermal Transfer Material Indust …
Thermal conductivity refers as an important characteristic for several manufacturing operations. Thermal transfer properties of a variety of materials are effective in certain applications owing to natural molecular structure that allows for direct heat-transfer. Thermal transfer materials are extensively used to manufacture the heat conductive adhesive tapes, printable products and polymer sheets. These polymer sheets are utilized for barcodes, labeling, and QR code labels for retailing, logistics, and consumer goods.
The Future of Smart Material Market Runs Through the Material Industry
Smart Materials Market is expected to garner $72.63 billion by 2022, registering a CAGR of 14.9% during the forecast period 2016-2022. Smart materials are adaptive or intelligent materials which pose intrinsic and extrinsic capabilities. These can be altered by external stimuli, such as moisture, temperature, electromagnetic field, and pressure to obtain the desired functional effects. In addition, these materials are dynamic in nature and respond to their immediate interaction environments
Global Regenerative Artificial Skin Sales Market Research Report 2017 (Temporary …
The report "Global Regenerative Artificial Skin Sales Market Report 2017", has been prepared based on an in-depth market analysis with inputs from industry experts. This report studies sales (consumption) of Regenerative Artificial Skin in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Integra Life Sciences Corporation Mylan N.V Johnson & Johnson