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World Magnet Market

  • October 2015
  • -
  • Freedonia
  • -
  • 221 pages

Study coverage

This study presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by product and market for 6 world regions and 23 countries. This study also considers market environment factors, examines the industry structure, analyzes company market share, and profiles 41 global competitors.

World demand to rise 7.3% annually through 2019

Worldwide demand for permanent magnets, which totaled $11 billion in 2014, is forecast to climb 7.3 percent annually through 2019 to $16.2 billion. In volume terms, world magnet sales will expand 4 percent per year to over 1 million metric tons in 2019. Market gains will be driven by increases in durable goods output as economic conditions improve and the overall number of applications for magnets rises. The elimination of rare earth export quotas and taxes by the Chinese government in 2015 will also support growth, by helping to ensure that adequate raw material supplies are available on a global basis and by further easing pricing pressures following a period during which neodymium and samarium cobalt magnet costs unexpectedly spiked.

Developing area demand to continue leading gains

The Asia/Pacific region is by far the largest regional market for magnets, with China the largest national market by a substantial margin, due in part to the huge size of its electronics original equipment manufacturing (OEM) industry. In a continuation of a long term trend, magnet sales growth in the Africa/Mideast region, developing parts of Asia, Eastern Europe, and Central and South America will outpace demand in Japan, South Korea, the US, and Western Europe through 2019. China alone will account for onehalf of all additional magnet sales on a worldwide basis.

Like demand, magnet manufacturing activity varies considerably from region to region. China is by far the largest single producer of magnetic materials, responsible for 58 percent of global output in 2014. Although the nation manufactures all of the major product types in substantial quantities, neodymium and samarium cobalt magnets account for above average shares of its total industry output, reflecting the easy access to and favorable prices for rare earths that Chinese firms have historically enjoyed.

Neodymium magnets to post fastest market gains

Neodymium, the strongest magnet type currently available, dominates dollar sales, while ferrite magnets, the least expensive on a per kilogram basis, account for the largest share of demand in metric tons. Neodymium magnets are expected to post the fastest market gains of any product type through 2019, driven by the superior performance they can provide. In large markets such as electronics and motor vehicles, ongoing efforts to minimize product size and/or weight while adding new features will also contribute to demand increases.

Table Of Contents

World Magnet Market
INTRODUCTION x
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 5
Recent Historical Trends 5
World Economic Outlook 6
World Durable Goods Manufacturing Outlook 9
World Motor Vehicle Production Trends 12
World Hybrid and Electric Vehicle Outlook 16
World Electronic Equipment Outlook 18
World Electric Motor Shipments 20
Pricing Patterns 23
Technological Trends 28
Legal and Regulatory Environment 31
III. WORLD SUPPLY and DEMAND 35
General 35
Regional Overview 36
Demand 37
Production 43
International Trade 45
Demand by Product 47
Neodymium 50
Ferrite 52
Samarium Cobalt 54
Alnico and Other 57
Alnico 58
Other 59
Demand by Market 61
Electronics 63
Industrial 64
Automotive 66
Conventional Motor Vehicles 70
Hybrid/Electric Vehicles 70
Other 71
Electric Bicycles and Motorcycles 72
All Other 73
IV. NORTH AMERICA 74
Economic Overview 74
Magnet Supply and Demand 75
Magnet Market Outlook 78
United States 80
Canada 85
Mexico 90
V. WESTERN EUROPE 96
Economic Overview 96
Magnet Supply and Demand 97
Magnet Market Outlook 100
Germany 103
France 109
Italy 115
United Kingdom 121
Switzerland 126
Other Western Europe 131
Spain 138
Denmark 139
All Other 140
VI. ASIA/PACIFIC 142
Economic Overview 142
Magnet Supply and Demand 143
Magnet Market Outlook 146
China 149
Japan 156
South Korea 162
Thailand 168
Malaysia 173
India 178
Taiwan 184
Vietnam 190
Indonesia 196
Other Asia/Pacific 202
VII. OTHER REGIONS 208
Central and South America 208
Economic Overview 208
Magnet Supply and Demand 209
Magnet Market Outlook 211
Eastern Europe 213
Economic Overview 213
Magnet Supply and Demand 215
Magnet Market Outlook 217
Russia 220
Czech Republic 225
Other Eastern Europe 230
Hungary 236
Poland 237
All Other 238
Africa/Mideast 239
Economic Overview 239
Magnet Supply and Demand 240
Magnet Market Outlook 242
VIII. INDUSTRY STRUCTURE 245
General 245
Industry Composition 246
Market Share 249
Research and Product Development 254
Manufacturing 255
Marketing and Distribution 256
Cooperative Agreements 258
Company Profiles 264
Advanced Technology and Materials Company Limited 265
Aichi Steel Corporation 266
Anhui Astromagnet Company Limited 267
Anhui Earth-Panda Advance Magnetic Material
Company Limited 269
Baotou Mengxi Magnetism Industrial, see China
Northern Rare Earth Group High-Tech
Baotou Research Institute of Rare Earths, see China
Northern Rare Earth Group High-Tech
Beijing Jingci Magnet Company 271
Beijing Zhong Ke San Huan Hi-Tech Company Limited 272
Chengdu Galaxy Magnets Company Limited 275
China Northern Rare Earth Group High-Tech
Company Limited 276
Daido Steel Company Limited 278
Farinia Group 280
Fujian Changting Golden Dragon Rare-Earth, see
Xiamen Tungsten
Guangdong TDK Rising Rare Earth High Technology
Material, see Rising Nonferrous Metals and TDK
Guangzhou Newlife Magnet Electricity Company Limited 281
Hangzhou Permanent Magnet Group Company Limited 283
Hengdian Group Holdings Limited 284
Hitachi Limited 286
Hunan Aerospace Magnet and Magneto Company Limited 290
Inner Mongolia Baotou Steel Rare-Earth Group Hi-Tech,
see China Northern Rare Earth Group High-Tech
Inner Mongolia Baotou Steel Rare Earth Magnetic
Material, see China Northern Rare Earth Group HighTech
Intermetallics Japan, see Daido Steel
JAHWA Electronics Company Limited 292
JPMF Guangdong Company Limited 293
Kaneka Corporation 295
Kolektor Group doo 296
Magnum Magnetics Corporation 297
Magtech Industrial Company 299
MagX Company Limited 300
Mahindra and Mahindra Limited 302
MS-Schramberg GmbH and Company KG 303
Neorem Magnets, see OM Group
Ningbo Jinji Strong Magnetic Material Company Limited 304
Ningbo Jintian Copper Group Company Limited 306
Ningbo Ketian Magnet, see Ningbo Jintian Copper Group
Ningbo Permanent Magnetics Company Limited 307
Ningbo Yunsheng Company Limited 308
OM Group Incorporated 310
One Magnet Electronic Company Limited 312
Pacific Metals, see Hitachi
Rising Nonferrous Metals Company Limited 314
Shanghai Ruiyuan Magnetic Material Technology, see
China Northern Rare Earth Group High-Tech
Shenyang General Magnetic Company Limited 315
Shin-Etsu Chemical Company Limited 316
Taiyuan Twin-Tower Aluminum Oxide, see Hengdian
Group Holdings
TDK Corporation 318
Thomas and Skinner Incorporated 320
Ugimag Group, see Farinia Group
VACUUMSCHMELZE, see OM Group
Westmag Technology Corporation Limited 321
Xiamen Tungsten Company Limited 322
Yantai Shougang Magnetic Materials Incorporated 323
Yantai Zhenghai Magnetic Material Company Limited 324
YX Magnetic SA 325
Zhejiang Innuovo Magnetics, see Hengdian Group
Holdings
Zhejiang Kaiven Holdings Group Company Limited 326
Other Companies Mentioned in Study 327

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 9
2 World Durable Goods Manufacturing Value Added
by Product and Region 12
3 World Motor Vehicle Production by Type and Region 16
4 World Hybrid and Electric Vehicle Sales by Type and Region 18
5 World Electronic Equipment Manufacturing Value Added
by Region 20
6 World Electric Motor Shipments 23
7 World Magnet Prices 27
SECTION III -- WORLD SUPPLY and DEMAND
1 World Magnet Value Demand by Region 39
2 World Magnet Volume Demand by Region 40
3 World Magnet Shipments by Region 44
4 World Magnet Net Exports by Region 46
5 World Magnet Demand by Product 48
6 World Neodymium Magnet Demand by Region 52
7 World Ferrite Magnet Demand by Region 54
8 World Samarium Cobalt Magnet Demand by Region 56
9 World Demand for Alnico and Other Magnets by Type
and Region 58
10 World Magnet Demand by Market 62
11 World Electronics Magnet Demand by Region 64
12 World Industrial Magnet Demand by Application and Region 66
13 World Automotive Magnet Demand by Vehicle Type,
Application, and Region 69
14 World Demand for Magnets Used in Other Markets
by Segment and Region 72
SECTION IV -- NORTH AMERICA
1 North America: Magnet Supply and Demand 77
2 North America: Magnet Demand by Product and Market 79
3 United States: Magnet Supply and Demand 83
4 United States: Magnet Demand by Product and Market 85
5 Canada: Magnet Supply and Demand 88
6 Canada: Magnet Demand by Product and Market 90
7 Mexico: Magnet Supply and Demand 93
8 Mexico: Magnet Demand by Product and Market 95
SECTION V -- WESTERN EUROPE
1 Western Europe: Magnet Supply and Demand 100
2 Western Europe: Magnet Demand by Product and Market 102
3 Germany: Magnet Supply and Demand 107
4 Germany: Magnet Demand by Product and Market 109
5 France: Magnet Supply and Demand 113
6 France: Magnet Demand by Product and Market 115
7 Italy: Magnet Supply and Demand 119
8 Italy: Magnet Demand by Product and Market 121
9 United Kingdom: Magnet Supply and Demand 124
10 United Kingdom: Magnet Demand by Product and Market 126
11 Switzerland: Magnet Supply and Demand 129
12 Switzerland: Magnet Demand by Product and Market 131
13 Other Western Europe: Magnet Supply and Demand 135
14 Other Western Europe: Magnet Demand by Product
and Market 137
15 Other Western Europe: Magnet Supply and Demand
by Country 138
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Magnet Supply and Demand 146
2 Asia/Pacific: Magnet Demand by Product and Market 148
3 China: Magnet Supply and Demand 154
4 China: Magnet Demand by Product and Market 156
5 Japan: Magnet Supply and Demand 160
6 Japan: Magnet Demand by Product and Market 162
7 South Korea: Magnet Supply and Demand 166
8 South Korea: Magnet Demand by Product and Market 168
9 Thailand: Magnet Supply and Demand 171
10 Thailand: Magnet Demand by Product and Market 173
11 Malaysia: Magnet Supply and Demand 176
12 Malaysia: Magnet Demand by Product and Market 178
13 India: Magnet Supply and Demand 182
14 India: Magnet Demand by Product and Market 184
15 Taiwan: Magnet Supply and Demand 188
16 Taiwan: Magnet Demand by Product and Market 190
17 Vietnam: Magnet Supply and Demand 194
18 Vietnam: Magnet Demand by Product and Market 196
19 Indonesia: Magnet Supply and Demand 200
20 Indonesia: Magnet Demand by Product and Market 202
21 Other Asia/Pacific: Magnet Supply and Demand 205
22 Other Asia/Pacific: Magnet Demand by Product and Market 207
SECTION VII -- OTHER REGIONS
1 Central and South America: Magnet Supply and Demand 211
2 Central and South America: Magnet Demand by Product
and Market 213
3 Eastern Europe: Magnet Supply and Demand 217
4 Eastern Europe: Magnet Demand by Product and Market 219
5 Russia: Magnet Supply and Demand 223
6 Russia: Magnet Demand by Product and Market 225
7 Czech Republic: Magnet Supply and Demand 228
8 Czech Republic: Magnet Demand by Product and Market 230
9 Other Eastern Europe: Magnet Supply and Demand 233
10 Other Eastern Europe: Magnet Demand by Product
and Market 235
11 Other Eastern Europe: Magnet Supply and Demand
by Country 236
12 Africa/Mideast: Magnet Supply and Demand 242
13 Africa/Mideast: Magnet Demand by Product and Market 244
SECTION VIII -- INDUSTRY STRUCTURE
1 World Magnet Sales by Company, 2014 248
2 Selected Cooperative Agreements 260

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT
1 World Magnet Raw Material Prices, 2004-2014 25
2 World Magnet Prices, 2004-2024 27
3 Relative Magnet Size for the Same Maximum Energy Product 29
SECTION III -- WORLD SUPPLY and DEMAND
1 World Magnet Demand by Region, 2014 41
2 World Magnet Dollar Demand: Projected 2014-2019 Annual
Rate of Growth 42
3 World Magnet Shipments by Region, 2014 45
4 World Magnet Demand by Product, 2014 49
5 World Magnet Demand by Market, 2014 62
SECTION IV -- NORTH AMERICA
1 North America: Magnet Demand by Country, 2014 80
SECTION V -- WESTERN EUROPE
1 Western Europe: Magnet Demand by Country, 2014 103
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Magnet Demand by Country, 2014 149
SECTION VII -- OTHER REGIONS
1 Eastern Europe: Magnet Demand by Country, 2014 220
SECTION VIII -- INDUSTRY STRUCTURE
1 World Magnet Market Share, 2014 250

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