- Market Size (2026)
- USD 24.4 Bn
- Forecast (2036)
- USD 48.5 Bn
- CAGR (2026 to 2036)
- 7.1%
How big is Magnetic Materials Market in 2026?
Sales of magnetic materials will grow at a CAGR of 7.1% from 2026 to 2036. Market size was USD 22.8 billion in 2025 and is projected to reach USD 24.4 billion in 2026 and USD 48.5 billion by 2036.
Magnetic materials market size stood at USD 22.8 billion in 2025, is estimated at USD 24.4 billion in 2026 and is projected to reach USD 48.5 billion by 2036, with sales growing at a CAGR of 7.1% from 2026 to 2036. Motor makers are the main buyers, as drives and motors hold 43% of application sales in 2026 and soft magnetic materials hold 28% of product type sales, FMI finds. Supply of magnets has become a security question for them. MP Materials agreed a partnership with the US Department of Defense on 10 July 2025 that sets a price floor of USD 110 per kilogram for NdPr products,[1] and Neo Performance Materials started commercial production at the Estonian magnet plant in September 2026, with a Phase 1A nameplate capacity of 2,000 tonnes a year and first volumes going to an EV traction motor customer.[2] Support for supply in the USA and new capacity in Europe point to motor makers moving into magnet sourcing, and backward integration will gain ground through 2036.
Key Market Trends & Insights
- By product type, soft magnetic materials held 28% of sales in 2026 in the FMI split. TDK introduced a large-size ferrite core range in July 2025 with power materials N27, N87, N88, N92, N95 and N97.[3]
- By application, drives and motors accounted for 43% of sales in 2026, ahead of transformers at 14% and generators at 9%. Magnetics Magazine reported on 7 August 2025 that Proterial developed neodymium sintered magnets with no heavy rare earth for driving motors.[4]
Regional Highlights
- Fastest-growing profiled country is Japan, projected to grow at a CAGR of 5.2% from 2026 to 2036.
- South Korea (5.1%), the EU (4.9%) and the USA (4.8%) follow on the same projected basis, and the UK is projected at the lowest profiled CAGR of 4.5%.
- Neo Performance Materials started commercial production at the Estonian magnet plant in September 2026, and the first volumes went to an EV traction motor customer.[2]
Market Size & Forecast
Table 1: Market Size and Forecast for the Magnetic Materials Market (USD billion and percentage), 2025 to 2036
| Metric | Value |
|---|---|
| 2025 Market Size | USD 22.8 billion |
| Estimated Market Size in 2026 | USD 24.4 billion |
| Projected Market Size by 2036 | USD 48.5 billion |
| CAGR, 2026 to 2036 | 7.1% |
| Added Revenue, 2026 to 2036 | USD 24.1 billion |
| Market Expansion Multiple | 2.0x |
Magnetic materials market size is projected to add USD 24.1 billion between 2026 and 2036, and drives and motors hold 43% of application sales, as per FMI. The adjacent electric vehicle motor market is the most direct buyer pool for permanent grades. Neo Performance Materials reported awards from three Tier 1 motor manufacturers, and automotive magnet programmes are typically awarded for the life of the vehicle platform.[2] A platform award, once granted, gives a magnet supplier multi-year volume visibility.
Soft magnetic grades face a different test. In an eVTOL mock-up motor, Proterial reported that a core made from the Permendur YEP-2V alloy gave 14% higher torque at the same current than a core made from high-performance electrical steel sheet.[4] Results of that kind put soft magnetic alloys in direct comparison with the electrical steel market. The Permendur alloy is 50% iron and 50% cobalt.[4]
Non-China Magnet Capacity and Heavy Rare Earth Content
Plant announcements outside China now add up to tonnage that motor buyers can plan around. MP Materials projects 3,000 metric tons of magnets a year at Independence and 7,000 at the 10X facility.[5] Neo Performance Materials lists 2,000 tonnes a year for Phase 1A in Estonia and about 5,000 for a planned Phase 1B.[2] Niron Magnetics targets up to 1,500 tons a year of rare-earth-free magnets at Sartell, scheduled for 2027.[6] POSCO International plans 3,000 tons a year of permanent magnets in the United States by 2028.[7] Magnet mass per motor sets the number of programmes this tonnage can feed, and heavy rare earth content decides which grades qualify. Proterial answers the second point with neodymium grades that use no heavy rare earth, at a remanence of 1.40 tesla and 1.42 tesla.[4] Dysprosium and terbium feed, tracked in the rare earth metals market, remains the gating input for high-temperature grades, and MP Materials expects commissioning of the heavy rare earth facility in 2026.[5]
Table 2: Non-China Magnet Capacity and Material Indicators for the Magnetic Materials Market (tons, USD per kilogram and percentage), mixed reporting years from 2025 to 2026
| Indicator | Data Point | Relevance | Source |
|---|---|---|---|
| MP Materials price floor, July 2025 | $110 per kilogram for NdPr products; 100% of 10X Facility magnets purchased | The floor and the purchase commitment back US magnet plant output. | [1] |
| MP Materials magnet capacity | 3,000 MT at Independence; 7,000 MT at the 10X facility | Combined US capacity is stated at an estimated 10,000 metric tons. | [5][1] |
| Neo Performance Materials, Estonia, September 2026 | Phase 1A 2,000 t/y; Phase 1B about 5,000 t/y; long-term target 20,000 t/y | First volumes went to an EV traction motor customer. | [2] |
| Niron Magnetics, Sartell, August 2026 | Up to 1,500 tons a year, operational in 2027; 10,000-ton plant to break ground in 2028 | Rare-earth-free supply adds a second material route. | [6] |
| HyProMag, Tyseley, January 2026 | 100 tonnes a year on one shift; over 300 tonnes on multiple shifts | Recycled alloy feeds sintered magnet output in the UK. | [8] |
| POSCO International, March 2026 | 3,000 tons a year of US permanent magnets by 2028 | The magnets are intended for EV motors. | [7] |
| Proterial neodymium grades, August 2025 | No heavy rare earth; Br 1.40 T and 1.42 T | Dysprosium and terbium exposure is removed from these grades. | [4] |
| Proterial Permendur YEP-2V core | 14% higher torque at the same current against an electrical steel core | A soft magnetic alloy competes with electrical steel in motor cores. | [4] |
Analyst Perspective
“Motor buyers will judge magnet suppliers on qualified tonnage and heavy rare earth content, and not on announced capacity. Plants outside China that ship volume by 2028 will set the terms for the next round of supply contracts.”
- Nikhil Kaitwade, Principal Consultant, Future Market Insights.
How is the magnetic materials market segmented?
The magnetic materials market is segmented into product type and application, and region. In 2026, soft magnetic materials hold 28% of product type sales and drives and motors hold 43% of application sales.
By product type: soft magnetic materials (iron-silicon, nickel-iron, amorphous and nanocrystalline alloys, and soft ferrites) and permanent magnetic materials (alnico, Nd-Fe-B, SmCo, and ferrite).
By application: transformers, drives and motors, generators, relays, inductors, communication equipment, data storage, medical devices, electronic equipment and appliances, and others.
By region: North America, Latin America, Europe, East Asia, South Asia Pacific, and Middle East and Africa.
Why do permanent magnetic materials hold the larger share of product type sales?
Permanent magnetic materials account for 72% of product type sales in 2026, and soft magnetic materials hold 28%.
Table 3: Product Type Share for the Magnetic Materials Market (percentage share), 2026
| Product Type | Share (2026) |
|---|---|
| Permanent Magnetic Materials | 72% |
| Soft Magnetic Materials | 28% |
| Total | 100.0% |
Table 4: Product Type Leadership and Market Growth for the Magnetic Materials Market (segment and CAGR percentage), 2026 to 2036
| Metric | Value |
|---|---|
| Global CAGR (2026 to 2036) | 7.1% |
| Soft Magnetic Materials CAGR (2026 to 2036) | 6.9% |
| Leading Segment | Permanent Magnetic Materials |
Soft grades hold 28% of product type sales in 2026 in the FMI split, so permanent grades carry the larger balance. TDK introduced a large-size ferrite core range in July 2025, with six power materials from N27 to N97 for EV and battery charging, wind and solar, and traction and railway.[3] Powder-based parts in the soft magnetic composite market are the nearest alternative to ferrite and laminated cores. Soft sales grow at a 6.9% CAGR, just under the 7.1% for the whole market.
- Soft grades grow more slowly than the market as a whole.
- Proterial reported a Permendur motor core with 14% higher torque than an electrical steel core at the same current.[4]
Why do drives and motors lead application sales?
Drives and motors account for 43% of application sales in 2026, ahead of transformers at 14% and generators at 9%.
Table 5: Application Share for the Magnetic Materials Market (percentage share), 2026
| Application | Estimated Share (2026) |
|---|---|
| Drives and Motors | 43% |
| Transformers | 14% |
| Generators | 9% |
| Inductors | 8% |
| Communication Equipment | 6% |
| Electronic Equipment and Appliances | 6% |
| Data Storage | 5% |
| Relays | 4% |
| Medical Devices | 3% |
| Others | 2% |
| Total | 100.0% |
Adoption of magnetic materials is highest in drives and motors at 43% of 2026 application sales, as per FMI. Neo Performance Materials holds awards from three Tier 1 motor manufacturers, including traction motor applications, and expects two to three more programmes to enter commercial production before the end of 2026.[2] Industrial drives and appliance motors, tracked in the electric motor market, draw on the same magnet output as vehicles. Motor makers that secure magnet supply early shape which plants fill first.
- Drives and motors grow at a 7.4% CAGR, ahead of the 7.1% market rate.
- Proterial lists driving motors, electric power steering and compressors as uses for the NMX-F1SH-HF grade.[4]
What are the drivers, restraints, and opportunities in the magnetic materials market?
In the magnetic materials market, motor programmes drive sales, concentrated NdFeB supply and limited heavy rare earth processing constrain buyers, and new plants outside China open the principal commercial opportunity.
- Driver: Traction motor awards give magnet suppliers programme-length volume, and drives and motors lead application sales.
- Restraint: Chinese producers dominate NdFeB magnet supply, and commercial heavy rare earth processing in the USA is due to start commissioning in 2026.[5]
- Opportunity: New plants outside China, recycled feed and rare-earth-free magnets give buyers a second source.
Motor Programmes Anchor Magnet Volumes
Three Tier 1 motor manufacturers have awarded programmes to Neo Performance Materials, and two to three more are due to enter commercial production before the end of 2026.[2] Automotive magnet programmes run for the life of the vehicle platform, which gives multi-year volume visibility.[2] Drives and motors hold 43% of application sales in 2026, so these awards reach the largest application group. Qualification, then award, decides who ships first.
Chinese Supply Concentration and Heavy Rare Earth Feed
MP Materials states in the annual report that China maintains a dominant position in the supply of NdFeB permanent magnets.[5] The same filing describes the heavy rare earth facility as the first commercial-scale heavy rare earth processing in the USA in many years, with commissioning expected in 2026.[5] Proterial offers a second route, with neodymium grades that contain no heavy rare earth and a high-torque grade for motors that run at 100 degrees Celsius or above.[4] Buyers of high-temperature grades carry the greatest exposure to dysprosium and terbium feed.
Second Sources Outside China
Niron Magnetics received a conditional commitment of up to $150 million on 7 August 2026 for a Sartell plant with a capacity of up to 1,500 tons a year, scheduled to be operational in 2027.[6] Mkango Resources announced on 15 January 2026 the official launch of the HyProMag facility at Tyseley, which can produce sintered magnets at 100 tonnes a year on one shift.[8] A recycling scheme in Japan that Daikin has joined, with Shin-Etsu Chemical making new magnets from extracted magnets, is due to reach full-scale operation from 2027.[9] Each route adds a source that buyers can qualify beside incumbent suppliers.
Which country CAGRs are profiled in the magnetic materials market?
Table 6: Country CAGR Comparison for the Magnetic Materials Market (CAGR percentage), 2026 to 2036
| Country | CAGR |
|---|---|
| Japan | 5.2% |
| South Korea | 5.1% |
| EU | 4.9% |
| USA | 4.8% |
| UK | 4.5% |
How do country-level CAGRs compare in the magnetic materials market?
All five profiled countries are projected below the 7.1% global CAGR, so growth in magnetic materials is weighted towards regions outside this list. As per the analysis from FMI, Japan is projected at 5.2% CAGR from 2026 to 2036, followed by South Korea at 5.1% and the EU at 4.9%. The USA is projected at 4.8%, and the UK at 4.5%.
- Japan pairs heavy-rare-earth-free magnet grades with a magnet recycling scheme due from 2027.
- South Korea links EV component makers to a planned US magnet facility.
- The EU draws on an Estonian sintered magnet plant in commercial production since September 2026.
- US growth draws on price-floor backed and loan-backed magnet plants.
- UK sales draw on recycled magnet production at Tyseley.
Full report country CAGRs cover: North America; Latin America; Europe; East Asia; South Asia Pacific; Middle East and Africa.
Country-wise Analysis
Japan Magnetic Materials Market Outlook (2026 to 2036)
Cooling Post reported on 14 April 2026 that Daikin has joined a collaboration with Hitachi, Tokyo Eco Recycle and Shin-Etsu Chemical to build the first circular scheme in Japan to recover and recycle rare earth magnets from compressors, with full-scale operation expected from 2027.[9] Shin-Etsu Chemical will make new rare earth magnets using the extracted magnets as recycled material.[9] Proterial reported heavy-rare-earth-free neodymium grades for driving motors in August 2025, and the mass-production plant for the NMX-G1NH-HF grade was scheduled to take sample requests in April 2026.[4] FMI projects Japan at 5.2% CAGR from 2026 to 2036, the highest of the five profiled countries.
Key takeaway: Japan leads the profiled CAGRs at 5.2%, and Japanese magnet makers are building supply from recycled and heavy-rare-earth-free routes.
South Korea Magnetic Materials Market Outlook (2026 to 2036)
POSCO International said in March 2026 that the company plans a US permanent magnet facility of 3,000 tons a year by 2028 for use in EV motors, alongside a US refining plant of 3,000 tons a year starting in 2027.[7] The plan is aimed at strengthening the presence of the company in the EV components sector and is described as a global supply chain for heavy rare earth elements.[7] South Korea is projected at 5.1% CAGR from 2026 to 2036, second among the profiled countries. The magnet facility is planned in the United States, not in South Korea.
Key takeaway: South Korea at 5.1% is tied to a POSCO plan whose magnet plant is in the United States.
EU Magnetic Materials Market Outlook (2026 to 2036)
Mining Weekly reported on 15 September 2026 that Neo Performance Materials had started commercial production at the Estonian magnet plant, with the first sintered magnets going to an EV traction motor customer.[2] Phase 1A has a nameplate capacity of 2,000 tonnes a year, and a Phase 1B of about 5,000 tonnes is in design.[2] Neo estimates the long-term target of 20,000 tonnes a year at 10% to 15% of the projected rare earth permanent magnet market outside China.[2] The EU is projected at 4.9% CAGR from 2026 to 2036.
Key takeaway: The EU at 4.9% now has a local sintered magnet source, and the open point is whether Phase 1B moves from design to build.
USA Magnetic Materials Market Outlook (2026 to 2036)
The USA is projected at 4.8% CAGR from 2026 to 2036, the second lowest of the five profiled countries, yet several US plants carry government backing. MP Materials signed the Department of Defense agreement on 10 July 2025, with a $110 per kilogram price floor for NdPr products and a purchase commitment for 100% of 10X Facility magnets.[1] Niron Magnetics received a conditional commitment of up to $150 million on 7 August 2026 for the Sartell plant.[6] MP Materials reported second quarter 2026 NdPr oxide production of 840 metric tons, up 41%, and magnetics segment revenue of $16.5 million, down 17%, ahead of commercial magnet production at Independence.[10]
Key takeaway: US growth at 4.8% is backed by a price floor and loans, and magnet segment revenue is still small.
UK Magnetic Materials Market Outlook (2026 to 2036)
Mkango Resources announced the official launch of the HyProMag facility at Tyseley Energy Park, Birmingham, on 15 January 2026 and described the site as the only commercial-scale rare earth sintered magnet manufacturing facility in the UK.[8] The plant can produce sintered magnets at 100 tonnes a year on one shift and over 300 tonnes a year on multiple shifts.[8] Those volumes are small beside the 2,000 tonne Phase 1A in Estonia.[2] The UK is projected at 4.5% CAGR from 2026 to 2036, the lowest of the five profiled countries.
Key takeaway: The UK at 4.5% records the lowest profiled CAGR, and recycled feed gives the country a small but local magnet source.
Who are the notable companies in the magnetic materials market?
Shin-Etsu Chemical, Hitachi Metals (now Proterial), MP Materials, TDK Corp., Niron Magnetics, Molycorp Magnequench, VACUUMSCHMELZE, Hengdian Group, DMEGC Magnetics, Ningbo Yunsheng, Beijing Zhong Ke San Huan, and Neo Performance Materials are notable companies profiled in this market.
Shin-Etsu Chemical, Hitachi Metals, MP Materials, TDK Corp. and Niron Magnetics are the top players in the FMI view. Molycorp Magnequench, VACUUMSCHMELZE, Hengdian Group, DMEGC Magnetics, Ningbo Yunsheng and Beijing Zhong Ke San Huan also compete. Leadership is split by segment across these names.
Recent releases split the field by material route. MP Materials is building NdFeB capacity of 3,000 metric tons at Independence and 7,000 at the 10X facility.[5] Niron Magnetics is building a rare-earth-free line of up to 1,500 tons a year at Sartell.[6] Proterial has shown neodymium grades with no heavy rare earth, TDK widened the ferrite core range in July 2025, and Shin-Etsu Chemical is named in the Japanese magnet recycling scheme.[4][3][9]
- Diversified materials groups: Shin-Etsu Chemical, Hitachi Metals (Proterial), and TDK Corp.
- New-capacity developers with 2025 to 2026 filings or releases: MP Materials, Niron Magnetics, and Neo Performance Materials.
- Established rare earth magnet specialists: Molycorp Magnequench and VACUUMSCHMELZE.
- Chinese producers: Hengdian Group, DMEGC Magnetics, Ningbo Yunsheng, and Beijing Zhong Ke San Huan.
Competitive Benchmarking: Magnetic Materials Market
Table 7: Competitive Benchmarking for the Magnetic Materials Market (qualitative documentation ratings), 2026
| Company | Capacity | Material Range | Activity | Disclosure |
|---|---|---|---|---|
| MP Materials | High | Medium | High | High |
| Neo Performance Materials | High | Medium | High | Medium |
| Niron Magnetics | Medium | Medium | High | Medium |
| Proterial | Low | High | Medium | Medium |
| TDK Corp. | Low | Medium | Medium | Medium |
| Shin-Etsu Chemical | Low | Low | Medium | Low |
High indicates wider documentation in company filings and releases, Medium indicates limited documentation, and Low indicates less direct documentation. Ratings do not indicate product quality, market share or company rank.
Key Developments in the Magnetic Materials Market
- In September 2026, Neo Performance Materials started commercial production at the Estonian magnet plant, and the first volumes went to an EV traction motor customer.[2]
- In August 2026, Niron Magnetics received a conditional commitment of up to $150 million from the Department of War Office of Strategic Capital for the Sartell plant.[6]
- In August 2026, MP Materials reported second quarter NdPr oxide production of 840 metric tons, up 41%.[10]
- In April 2026, Cooling Post reported that Daikin has joined a collaboration with Hitachi, Tokyo Eco Recycle and Shin-Etsu Chemical to recover and recycle rare earth magnets from compressors, with full-scale operation from 2027.[9]
- In March 2026, POSCO International outlined a US permanent magnet facility of 3,000 tons a year targeted for 2028.[7]
- In January 2026, Mkango Resources announced the official launch of the HyProMag recycling and magnet facility at Tyseley, Birmingham.[8]
- In July 2025, MP Materials agreed a partnership with the US Department of Defense that includes a $110 per kilogram NdPr price floor.[1]
Key Players in the Magnetic Materials Market
Diversified Materials Groups
- Shin-Etsu Chemical Co., Ltd.
- Hitachi Metals (Proterial)
- TDK Corporation
New-capacity Developers
- MP Materials
- Niron Magnetics
- Neo Performance Materials
Established Rare Earth Magnet Specialists
- Molycorp Magnequench
- VACUUMSCHMELZE
Chinese Producers
- Hengdian Group
- DMEGC Magnetics
- Ningbo Yunsheng
- Beijing Zhong Ke San Huan
Magnetic Materials Market - Report Scope
Table 8: Report Scope for the Magnetic Materials Market (coverage fields and definitions), 2026 to 2036
| Coverage field | Report scope |
|---|---|
| Market breakdown | Product type; application; region |
| Quantitative units | USD billion |
| Market definition | Magnetic materials market covering soft magnetic materials (iron-silicon, nickel-iron, amorphous and nanocrystalline alloys, soft ferrites) and permanent magnetic materials (alnico, Nd-Fe-B, SmCo, ferrite), tracked by application in transformers, drives and motors, generators, relays, inductors, communication equipment, data storage, medical devices, electronic equipment and appliances, and others. |
| Regions covered | North America; Latin America; Europe; East Asia; South Asia Pacific; Middle East and Africa |
| Countries covered | Japan; South Korea; EU; USA; UK |
| Key companies profiled | Shin-Etsu Chemical, Hitachi Metals (Proterial), MP Materials, TDK Corp., Niron Magnetics, Molycorp Magnequench, VACUUMSCHMELZE, Hengdian Group, DMEGC Magnetics, Ningbo Yunsheng, Beijing Zhong Ke San Huan, Neo Performance Materials |
| Forecast period | 2026 to 2036 |
Magnetic Materials Market - Research Methodology
Table 9: Research Methodology for the Magnetic Materials Market (research methods and approach), 2026 edition
| Method | Approach |
|---|---|
| Data Sources | Supply chain facts come from company filings, press releases and trade press dated May 2025 or later. |
| Desk Research | Desk research covers company filings, official press releases and trade press on magnet capacity, ferrite cores, heavy rare earth supply and magnet recycling. |
| Market Sizing and Forecasting | Sizing starts from the 2025 base market size of USD 22.8 billion and the 7.1% CAGR. |
| Data Validation | Capacity, supply and recycling figures each carry a dated company or trade press citation. |
Magnetic Materials Market by Segments
Magnetic Materials Market segmented by Product Type:
- Soft Magnetic Materials (iron-silicon, nickel-iron, amorphous and nanocrystalline alloys, soft ferrites)
- Permanent Magnetic Materials (alnico, Nd-Fe-B, SmCo, ferrite)
Magnetic Materials Market segmented by Application:
- Transformers
- Drives and Motors
- Generators
- Relays
- Inductors
- Communication Equipment
- Data Storage
- Medical Devices
- Electronic Equipment and Appliances
- Others
Magnetic Materials Market by Region
- North America
- United States
- Canada
- Latin America
- Brazil
- Mexico
- Europe
- Germany
- Italy
- France
- United Kingdom
- Spain
- East Asia
- China
- Japan
- South Korea
- South Asia Pacific
- India
- Australia
- Middle East and Africa
- GCC Countries
- South Africa
Research Sources and Bibliography
- [1] MP Materials. (2025, July 10). MP Materials Announces Transformational Public-Private Partnership with the Department of Defense to Accelerate U.S. Rare Earth Magnet Independence. https://investors.mpmaterials.com/investor-news/news-details/2025/MP-Materials-Announces-Transformational-Public-Private-Partnership-with-the-Department-of-Defense-to-Accelerate-U-S--Rare-Earth-Magnet-Independence
- [2] Mining Weekly. (2026, September 15). Canada's Neo Performance Materials starts commercial production of rare earth magnets in Europe. https://www.miningweekly.com/article/canadas-neo-performance-materials-starts-commercial-production-of-rare-earth-magnets-in-europe-2026-09-15
- [3] TDK Electronics. (2025, July 24). TDK introduces various large-size ferrite cores with different shapes for a wide range of industrial applications. https://www.tdk-electronics.tdk.com/en/373388/company/press-center/press-releases/press-releases/tdk-introduces-various-large-size-ferrite-cores-with-different-shapes-for-a-wide-range-of-industrial-applications-/3616864
- [4] Magnetics Magazine Editorial Staff. (2025, August 7). Proterial develops heavy rare earth free Neo sintered magnet for EV motors, also new soft magnetic material for motor cores. https://magneticsmag.com/proterial-develops-heavy-rare-earth-free-neo-sintered-magnet-for-ev-motors-also-new-soft-magnetic-material-for-motor-cores/
- [5] MP Materials Corp. (SEC Form 10-K). (2026). MP Materials Annual Report on Form 10-K for the fiscal year ended December 31, 2025. https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm
- [6] Niron Magnetics. (2026, August 7). Niron Magnetics Receives Conditional $150 Million Department of War Commitment. https://nironmagnetics.com/niron-magnetics-receives-conditional-150-million-department-of-war-commitment/
- [7] The Korea Times (Yonhap). (2026, March 23). POSCO International to build rare earth supply chain. https://www.koreatimes.co.kr/amp/business/companies/20260323/posco-international-to-build-rare-earth-supply-chain
- [8] Mkango Resources Limited (via goldsilver.ai). (2026, January 15). Mkango Resources Limited Announces Official Opening of Recycling Plant in Birmingham. https://goldsilver.ai/news/260115-mkango-resources-limited-announces-official-openin
- [9] Cooling Post. (2026, April 14). Daikin joins rare earth recycling scheme. https://www.coolingpost.com/world-news/daikin-joins-rare-earth-recycling-scheme/
- [10] MP Materials. (2026, August 6). MP Materials Reports Second Quarter 2026 Results. https://mpmaterials.com/news/mp-materials-reports-second-quarter-2026-results
This bibliography is provided for reader reference. The full report contains the complete reference list and detailed citations.
This Report Answers
- How big is the magnetic materials market during 2026?
- What market size is projected by 2036?
- Which product type holds notable share?
- Which application holds notable share?
- Which countries have notable growth?
- Which companies are notable in the market?
Frequently Asked Questions
How large is the magnetic materials market expected in 2026?
Market size is projected to reach USD 24.4 billion in 2026 and USD 48.5 billion by 2036. That adds USD 24.1 billion over the forecast period.
What CAGR is projected for the magnetic materials market through 2036?
As per FMI analysis, sales of magnetic materials will grow at a CAGR of 7.1% from 2026 to 2036. Drives and motors, at 43% of application sales, anchor the outlook.
Which product type holds a notable market share in 2026?
Soft magnetic materials hold 28% of product type sales in 2026, and permanent magnetic materials hold the larger balance.
Which application holds a notable market share in 2026?
Drives and motors account for 43% of application sales in 2026, and the segment grows at a 7.4% CAGR.
Which country has a notable expansion outlook through 2036?
Japan is projected to record the fastest growth among profiled countries at 5.2% CAGR from 2026 to 2036, according to FMI. South Korea follows at 5.1%.
Who are the key companies in the magnetic materials market?
Notable companies include Shin-Etsu Chemical, Hitachi Metals, MP Materials, TDK Corp., Niron Magnetics, Molycorp Magnequench, VACUUMSCHMELZE, Hengdian Group, DMEGC Magnetics, Ningbo Yunsheng, and Beijing Zhong Ke San Huan.
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Get PDFTable of Content
- Key Takeaways
- Market Size and CAGR
- Top Growth Driver
- Fastest Growing Segment
- Leading Region
- Key Companies
- Emerging Opportunities
- Executive Summary
- Global Market Outlook
- Demand-side Trends
- Supply-side Trends
- Technology Roadmap Analysis
- Analysis and Recommendations
- Analyst Perspective (What is happening? Why now? What should investors know?)
- Key Questions Answered
- How large is the market?
- What is the CAGR?
- What are key trends?
- Which region dominates?
- Who are the leaders?
- Market Overview
- Market Coverage / Taxonomy
- Market Definition / Scope / Limitations
- Research Methodology
- Chapter Orientation
- Analytical Lens and Working Hypotheses
- Market Structure, Signals, and Trend Drivers
- Benchmarking and Cross-market Comparability
- Market Sizing, Forecasting, and Opportunity Mapping
- Research Design and Evidence Framework
- Desk Research Programme (Secondary Evidence)
- Expert Input and Fieldwork (Primary Evidence)
- Tooling, Models, and Reference Databases
- Data Engineering and Model Build
- Quality Assurance and Audit Trail
- Market Background
- Market Dynamics (Drivers, Restraints, Opportunity, Trends)
- Scenario Forecast (Optimistic, Likely, Conservative)
- Impact Analysis
- AI Impact
- Sustainability Impact
- Regulatory Impact
- Technology Impact
- Consumer / Buyer Analysis
- Purchase Drivers
- Adoption Barriers
- Buyer Journey
- Opportunity Map Analysis
- Product Life Cycle Analysis
- Supply Chain Analysis
- Investment Feasibility Matrix
- Value Chain Analysis
- PESTLE and Porter's Analysis
- Regulatory Landscape
- Regional Parent Market Outlook
- Production and Consumption Statistics
- Import and Export Statistics
- Global Market Analysis and Forecast, 2021 to 2036
- Historical Market Size Value (USD Billion) Analysis, 2021 to 2025
- Current and Future Market Size Value (USD Billion) Projections, 2026 to 2036
- Y-o-Y Growth Trend Analysis
- Absolute $ Opportunity Analysis
- Global Market Pricing Analysis, 2021 to 2036
- Global Market Analysis and Forecast, By Product Type, 2021 to 2036
- Introduction / Key Findings
- Historical Market Size Value (USD Billion) Analysis By Product Type, 2021 to 2025
- Current and Future Market Size Value (USD Billion) Analysis and Forecast By Product Type, 2026 to 2036
- Soft Magnetic Materials (iron-silicon, nickel-iron, amorphous and nanocrystalline alloys, soft ferrites)
- Permanent Magnetic Materials (alnico, Nd-Fe-B, SmCo, ferrite)
- Y-o-Y Growth Trend Analysis By Product Type, 2021 to 2025
- Absolute $ Opportunity Analysis By Product Type, 2026 to 2036
- Global Market Analysis and Forecast, By Application, 2021 to 2036
- Introduction / Key Findings
- Historical Market Size Value (USD Billion) Analysis By Application, 2021 to 2025
- Current and Future Market Size Value (USD Billion) Analysis and Forecast By Application, 2026 to 2036
- Transformers
- Drives and Motors
- Generators
- Relays
- Inductors
- Communication Equipment
- Data Storage
- Medical Devices
- Electronic Equipment and Appliances
- Others
- Y-o-Y Growth Trend Analysis By Application, 2021 to 2025
- Absolute $ Opportunity Analysis By Application, 2026 to 2036
- Global Market Analysis and Forecast, By Region, 2021 to 2036
- Introduction
- Historical Market Size Value (USD Billion) Analysis By Region, 2021 to 2025
- Current Market Size Value (USD Billion) Analysis and Forecast By Region, 2026 to 2036
- North America
- Latin America
- Europe
- East Asia
- Middle East and Africa
- Market Attractiveness Analysis By Region
- North America Market Analysis and Forecast, By Country, 2021 to 2036
- Historical Market Size Value (USD Billion) Trend Analysis By Market Taxonomy, 2021 to 2025
- Market Size Value (USD Billion) Forecast By Market Taxonomy, 2026 to 2036
- By Country
- United States
- Canada
- By Product Type
- By Application
- By Country
- Market Attractiveness Analysis
- By Country
- By Product Type
- By Application
- Key Takeaways
- Latin America Market Analysis and Forecast, By Country
- Historical Market Size Value (USD Billion) Trend Analysis By Market Taxonomy, 2021 to 2025
- Market Size Value (USD Billion) Forecast By Market Taxonomy, 2026 to 2036
- By Country
- Brazil
- Mexico
- By Product Type
- By Application
- By Country
- Market Attractiveness Analysis
- By Country
- By Product Type
- By Application
- Key Takeaways
- Europe Market Analysis and Forecast, By Country
- Historical Market Size Value (USD Billion) Trend Analysis By Market Taxonomy, 2021 to 2025
- Market Size Value (USD Billion) Forecast By Market Taxonomy, 2026 to 2036
- By Country
- Germany
- Italy
- France
- United Kingdom
- Spain
- By Product Type
- By Application
- By Country
- Market Attractiveness Analysis
- By Country
- By Product Type
- By Application
- Key Takeaways
- East Asia Market Analysis and Forecast, By Country
- Historical Market Size Value (USD Billion) Trend Analysis By Market Taxonomy, 2021 to 2025
- Market Size Value (USD Billion) Forecast By Market Taxonomy, 2026 to 2036
- By Country
- China
- Japan
- South Korea
- South Asia Pacific
- India
- Australia
- By Product Type
- By Application
- By Country
- Market Attractiveness Analysis
- By Country
- By Product Type
- By Application
- Key Takeaways
- Middle East and Africa Market Analysis and Forecast, By Country
- Historical Market Size Value (USD Billion) Trend Analysis By Market Taxonomy, 2021 to 2025
- Market Size Value (USD Billion) Forecast By Market Taxonomy, 2026 to 2036
- By Country
- GCC Countries
- South Africa
- By Product Type
- By Application
- By Country
- Market Attractiveness Analysis
- By Country
- By Product Type
- By Application
- Key Takeaways
- Key Countries Market Analysis
- United States
- Pricing Analysis
- Market Share Analysis, 2025
- By Product Type
- By Application
- Canada
- Pricing Analysis
- Market Share Analysis, 2025
- By Product Type
- By Application
- Mexico
- Pricing Analysis
- Market Share Analysis, 2025
- By Product Type
- By Application
- Brazil
- Pricing Analysis
- Market Share Analysis, 2025
- By Product Type
- By Application
- Germany
- Pricing Analysis
- Market Share Analysis, 2025
- By Product Type
- By Application
- United Kingdom
- Pricing Analysis
- Market Share Analysis, 2025
- By Product Type
- By Application
- Italy
- Pricing Analysis
- Market Share Analysis, 2025
- By Product Type
- By Application
- Spain
- Pricing Analysis
- Market Share Analysis, 2025
- By Product Type
- By Application
- France
- Pricing Analysis
- Market Share Analysis, 2025
- By Product Type
- By Application
- India
- Pricing Analysis
- Market Share Analysis, 2025
- By Product Type
- By Application
- China
- Pricing Analysis
- Market Share Analysis, 2025
- By Product Type
- By Application
- Japan
- Pricing Analysis
- Market Share Analysis, 2025
- By Product Type
- By Application
- South Korea
- Pricing Analysis
- Market Share Analysis, 2025
- By Product Type
- By Application
- South Africa
- Pricing Analysis
- Market Share Analysis, 2025
- By Product Type
- By Application
- EU
- Pricing Analysis
- Market Share Analysis, 2025
- By Product Type
- By Application
- United States
- Market Structure Analysis
- Competition Dashboard
- Competition Benchmarking
- Market Share Analysis of Top Players
- By Regional
- By Product Type
- By Application
- Emerging Startups
- Innovation Benchmarking
- Competition Analysis
- Competition Deep Dive
- MP Materials
- Overview
- Product Portfolio
- Profitability by Market Segments
- Sales Footprint
- Strategy Overview
- Marketing Strategy
- Product Strategy
- Channel Strategy
- Neo Performance Materials
- Niron Magnetics
- Proterial
- TDK Corp.
- Shin-Etsu Chemical
- Shin-Etsu Chemical Co., Ltd.
- Hitachi Metals (Proterial)
- TDK Corporation
- Molycorp Magnequench
- VACUUMSCHMELZE
- Hengdian Group
- DMEGC Magnetics
- Ningbo Yunsheng
- Beijing Zhong Ke San Huan
- MP Materials
- Case Studies
- Success Stories
- Recent Developments
- Competition Deep Dive
- Assumptions & Acronyms Used
