Latest News- Magnetic Materials Market: Automotive and transportation is expected to lead the Application segment during 2025-2029

The Magnetic Materials Market is being driven by Increased applicability of magnetic materials in computer application industry

The Magnetic Materials Market is expected to grow at a CAGR of 7.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 16323.6 million. Artificial Intelligence (AI) is revolutionizing industries and sectors, including the magnetic materials market. Fujitsu Laboratories and Fujitsu have pioneered AI technology to automate the design of magnetic material geometries, reducing energy loss. Traditional methods of developing magnetic materials were laborious, costly, and risky, involving extensive trial-and-error processes and potential hazards. AI integration streamlines the process, minimizes financial investment, and mitigates risks, making the magnetic materials market more efficient and innovative. 

Get more information on Magnetic Materials Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Automotive and transportation
  • E and I
  • Industrial
  • Others
• Product
  • Hard magnetic materials
  • Soft magnetic materials
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased applicability of magnetic materials in computer application industry
• Increased investment in magnetic materials
• Increase in iron ore production volume

However, the market also witnesses some limitations, which are as follows:

• Volatile prices of raw materials
• High costs associated with mining of rare-earth metals
• High research and development costs associated with magnetic materials

Benefits of Buying Global Magnetic Materials Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Magnetic Materials Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Magnetic Materials Market encompasses various types of magnetic materials, including amorphous cut cores and metallic glass materials, which differ from silicon steels, Permalloys, Orthonol, and nanocrystalline cores due to their distinct crystalline structures. These materials exhibit diverse properties such as resistivity, frequency response, and efficiency, making them suitable for various applications. Semi-hard magnets find use in the electronics industry, while permanent magnets are integral to train and lift doors, motors, transformer cores, electromagnets, generators, microphones, speakers, magnetic separators, and power conversion systems in the industrial and power generation sectors.

Market Research Overview

The Magnetic Materials Market encompasses companies specializing in the production and processing of various magnetic materials, including amorphous cut cores, metallic glass materials, crystalline structures such as silicon steels and permalloys, as well as nanocrystalline cores. These materials exhibit distinct properties, including resistivity, frequency response, and efficiency, making them suitable for high frequency, low loss applications in industries like automotive, electronics, and energy. The market's size is determined by the consolidated revenue generated from the production and extraction of these magnetic materials and related mining operations.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/