Magnetic Materials Market, By Product Type (Soft Magnetic Materials, Permanent Magnetic Materials, Semi-Hard Magnetic Materials), By Application (Automotive & Transportation, Electronics, Energy, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025

Code : CMI1968

Pages :100

Formats :

Excel and PDF

Industry : Advanced Materials

Magnetic Materials Market Size and Trends

Magnetic materials market is estimated to be valued at USD 33.20 Bn in 2025 and is expected to reach USD 48.98 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 5.7% from 2025 to 2032.

Magnetic Materials Market Key Factors

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Factors such as increasing use of magnetic materials across various end-use industries including automotive, electric & electronics among others can drive the market growth. Furthermore, growing demand for electric vehicles and focus towards energy efficient products can also drive the market growth. Wide application in motors, transformers, generators, and various other electromagnetic applications boosts demand for magnetic materials. Advancements in technology coupled with research & development activities for developing innovative magnetic materials is can drive the market growth in the near future.