United States Advanced Magnetic Material Market 2025 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

Leander, Texas Nov. 17 2025 Global Advanced Magnetic Materials Market reached US$ 24.1 million in 2023 and is expected to reach US$ 49.4 million by 2031, growing with a CAGR of 9.4% during the forecast period 2024-2031.

Key Development:

United States: Recent Advanced Magnetic Material Developments

✅ In October 2025, Niron Magnetics announced construction of a 1,500‐ton/year plant in Minnesota to produce rare‐earth‐free iron‐nitride permanent magnets, backed by major funding from Stellantis and GM, challenging China's dominance.

✅ In July 2025, Apple committed US$500 million to MP Materials to secure domestic rare‐earth magnets production, strengthening the U.S. supply chain for high‐performance magnetic components.

✅ In June 2025, Magnetic Holdings (Dexter Magnetic Technologies, MCE, Electron Energy) rebranded as Permag, consolidating its subsidiaries to focus on high‐performance magnetic solutions in soft and permanent magnet markets.

✅ In March 2025, HyProMag USA's Texas facility, with planned capacity of over 1,500 tonnes/year of recycled NdFeB magnets, was highlighted in a sustainability‐oriented expansion to meet domestic permanent magnet demand.

Japan: Recent Advanced Magnetic Material Developments

✅ In August 2025, researchers in Japan developed a recycling method that recovers over 90% of rare-earth elements from used EV magnets, boosting circular supply for advanced magnet manufacturing.

✅ In July 2025, the REPM 2025 workshop was held in Tsukuba (NIMS), gathering global experts to discuss latest breakthroughs in permanent magnet science and future magnet materials.

✅ In June 2025, Proterial disclosed new heavy-rare-earth-free neodymium sintered magnets (NMX‐F1SH‐HF and NMX‐G1NH‐HF) that combine high heat resistance with strong magnetic performance.

✅ In June 2025, Japanese firms, including Proterial and Shin‐Etsu, announced technology to significantly reduce their use of heavy rare earths in magnets, addressing cost, supply risk, and sustainability.

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Recent Mergers and Acquisitions:

United States: Recent M&A / Strategic Deals in Advanced Magnetic Materials

✅ In November 2025, Ucore Rare Metals signed a strategic MOU with Vacuumschmelze (VAC) and eVAC Magnetics to jointly supply high‐purity rare earth oxides, aligning refining and magnet production in a Western-controlled value chain.

✅ In October 2025, REalloys (U.S.) formed a strategic partnership with JOGMEC (Japan) to develop rare earth processing technologies and build a joint critical-minerals supply chain.

✅ In April 2025, REalloys Inc. acquired PMT Critical Metals via a share exchange, bringing in rare‐earth magnet production capacity, IP, and R&D to strengthen the U.S. mine-to-magnet supply chain.

Japan: Recent M&A / Strategic Deals in Advanced Magnetic Materials

✅ In October 2025, Japan and the U.S. formalized a critical‐minerals framework to secure rare earths, enabling joint investment, off‐take mechanisms, and cooperation on magnet processing.

✅ In October 2025, REalloys Inc. (U.S.) and JOGMEC (Japan) signed a Memorandum of Understanding to co‐develop rare‐earth processing and magnet supply chain capabilities.

Key Players:

=> Adams Magnetic Products Co., Advanced Technology & Materials Co., Ltd., Anhui Sinomag Technology Co., Ltd., Arnold Magnetic Technologies, Daido Steel Co., Ltd., Dexter Magnetic Technologies, Electron Energy Corporation, Hitachi Metals, Ltd., Master Magnetics and TDK Corporation.

Growth Drivers of Advanced Magnetic Materials:

✅ Increasing demand in electric vehicles (EVs), renewable energy, and electronics is driving growth.

✅ Technological advancements in high-performance magnets and materials are enhancing efficiency and application scope.

✅ Rising investments in industrial automation, robotics, and consumer electronics are boosting adoption.

✅ Growing focus on energy-efficient and sustainable technologies is fueling market expansion.

✅ Research and development in novel magnetic alloys and composites are supporting innovation.

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Key Segments:

➥ By Type: Soft Magnetic Materials, Permanent Magnetic Materials, Semi-hard Magnetic Materials, Others

➥ By End-User: Healthcare, Automotive, Energy and Power, Industrial, Electronics, Others

Regional Analysis

North America (≈30% share)
The U.S. leads in EV motors, industrial automation, and R&D for high-performance magnets. Canada focuses on renewable energy generators and medical imaging. Mexico is growing in automotive and electronics assembly. Favorable trade policies, strong R&D infrastructure, and local manufacturing accelerate adoption.

Europe (≈27% share)
Germany, France, and the U.K. dominate automotive and industrial magnet consumption. Southern Europe focuses on electronics and medical devices. Strict environmental and quality standards drive innovation in soft and permanent magnets. EU regulatory alignment ensures sustainability and high-performance production.

Asia-Pacific (≈29% share)
China and Japan lead in rare-earth permanent magnets for EVs, electronics, and industrial automation. India focuses on renewable energy and automotive growth. South Korea and Australia invest in soft magnetic materials. Large manufacturing capacity and government incentives accelerate market expansion.

South America (≈6% share)
Brazil and Argentina lead demand for automotive and industrial magnets. Electronics and renewable energy applications are emerging. Partnerships with international suppliers support adoption and regional scale-up.

Middle East & Africa (≈8% share)
GCC countries (UAE, Saudi Arabia) pilot energy-efficient transformers, EV motors, and industrial automation. South Africa and other nations adopt magnets in renewable energy, medical imaging, and robotics. Smart infrastructure and energy investments support gradual adoption.

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FAQ

What is the current size of the Advanced Magnetic Materials Market?

A: In 2023, the Advanced Magnetic Materials Market was valued at US$ 24.1 million, reflecting its strong industry presence.

Q2: How large is the Advanced Magnetic Materials Market expected to be by 2031?

A: By 2031, industry forecasts suggest the Advanced Magnetic Materials Market will grow to around US$ 49.4 million, demonstrating significant expansion.

Q3: What is the growth rate of the Advanced Magnetic Materials Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 9.4% during the forecast period from 2024 to 2031.

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