North America Magnetic Materials Market (2021-2027) | Revenue, Share, Industry, Value, Forecast, Companies, Trends, Size, Growth, COVID-19 IMPACT, Outlook & Analysis

North America Magnetic Materials Market is estimated to gain traction in the coming timeframe on the back of rising potential growth of the automotive industry. With the growing manufacturing of light vehicles across the region due to a spur in the domestic purchase along with the rising export practices, where the neighboring countries like Mexico and Canada are the top exporting countries of the United States. As a result, the demand for different metals has been rising that is further used in different automobile components like the gearbox, pollution control, and alternators are one of the factors boosting the growth of the North America magnetic materials market in the coming timeframe.

North America Magnetic Materials Market is anticipated to register growth in the coming years. They are generally made up of iron, nickel, cobalt, aluminium, and some alloys of rare-earth metals. With travel restrictions and lockdown situations in most countries, have been closed, and several events have also been canceled, badly affecting magnetic materials industry players in North America. The international trade fairs were also canceled due to lockdowns in several regions of the world. Moreover, key industry participants like the TDK Corporation have sent their workers to quarantine and also started to work with reduced workforce strength.

According to 6Wresearch, North America Magnetic Materials Market is expected to witness growth throughout the forecast period 2021-2027. The regions where the magnetic material market is in a boom in North America are the United States, Canada, and Mexico, the major countries driving the soft magnetic materials market in the region. The automobile industry in North America is witnessing exponential growth. The annual production of automobiles in North America has exceeded the combined production of Japan, and the European countries, since 2009. Companies such as Hitachi Metals Co. Ltd. (Japan), Toshiba Materials Co. Ltd. (Japan), Daido Steel Company Ltd (Japan), Steward Advanced Materials (U.S.), syntax a/s (Denmark), are the leading market players in the global soft magnetic materials market.

North America was the third-largest regional segment accounting for a revenue share of over 14.0% in 2019. The growth is majorly from the U.S. The country is a major consumer of electric motors, which is extensively used in several industrial applications such as pumping, compressed air, fans, refrigeration, material processing, and handling. On the basis of types, the Magnetic Materials Market from 2015 to 2023 is primarily split into Soft Magnetic Materials, Permanent Magnetic Materials, and Semi-Hard Magnetic Materials. On the basis of applications, the Magnetic Materials Market from 2015 to 2025 covers: Automotive, Electrical and Electronics, telecommunications, Energy, and Power Others.

The North America magnetic materials market report thoroughly covers the market by applications, product type, and countries including United States, Canada. North- American magnetic market outlook report provides an unbiased and detailed analysis of the Ongoing market opportunities/high growth area, trends, market drivers which would help the stakeholders to align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• North America Magnetic Materials Market Outlook
• Market Size of North America Magnetic Materials Market, 2020
• Forecast of North America Magnetic Materials Market, 2027
• Historical Data and Forecast of North America Magnetic Materials Revenues & Volume for the Period 2017 - 2027
• North America Magnetic Materials Market Trend Evolution
• North America Magnetic Materials Market Drivers and Challenges
• North America Magnetic Materials Price Trends
• North America Magnetic Materials Porter's Five Forces
• North America Magnetic Materials Industry Life Cycle
• Historical Data and Forecast of North America Magnetic Materials Market Revenues & Volume By Product Types for the Period 2017 - 2027
• Historical Data and Forecast of North America Magnetic Materials Market Revenues & Volume By Semi-hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of North America Magnetic Materials Market Revenues & Volume By Soft Magnet for the Period 2017 - 2027
• Historical Data and Forecast of North America Magnetic Materials Market Revenues & Volume By Hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of United States Magnetic Materials Market Revenues & Volume By Product Types for the Period 2017 - 2027
• Historical Data and Forecast of United States Magnetic Materials Market Revenues & Volume By Semi-hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of United States Magnetic Materials Market Revenues & Volume By Soft Magnet for the Period 2017 - 2027
• Historical Data and Forecast of United States Magnetic Materials Market Revenues & Volume By Hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Canada Magnetic Materials Market Revenues & Volume By Product Types for the Period 2017 - 2027
• Historical Data and Forecast of Canada Magnetic Materials Market Revenues & Volume By Semi-hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Canada Magnetic Materials Market Revenues & Volume By Soft Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Canada Magnetic Materials Market Revenues & Volume By Hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of North America Magnetic Materials Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of North America Magnetic Materials Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of North America Magnetic Materials Market Revenues & Volume By Electronics for the Period 2017 - 2027
• Historical Data and Forecast of North America Magnetic Materials Market Revenues & Volume By Industrial for the Period 2017 - 2027
• Historical Data and Forecast of North America Magnetic Materials Market Revenues & Volume By Power Generation for the Period 2017 - 2027
• Historical Data and Forecast of North America Magnetic Materials Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of United States Magnetic Materials Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of United States Magnetic Materials Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of United States Magnetic Materials Market Revenues & Volume By Electronics for the Period 2017 - 2027
• Historical Data and Forecast of United States Magnetic Materials Market Revenues & Volume By Industrial for the Period 2017 - 2027
• Historical Data and Forecast of United States Magnetic Materials Market Revenues & Volume By Power Generation for the Period 2017 - 2027
• Historical Data and Forecast of United States Magnetic Materials Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Canada Magnetic Materials Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Canada Magnetic Materials Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of Canada Magnetic Materials Market Revenues & Volume By Electronics for the Period 2017 - 2027
• Historical Data and Forecast of Canada Magnetic Materials Market Revenues & Volume By Industrial for the Period 2017 - 2027
• Historical Data and Forecast of Canada Magnetic Materials Market Revenues & Volume By Power Generation for the Period 2017 - 2027
• Historical Data and Forecast of Canada Magnetic Materials Market Revenues & Volume By Others for the Period 2017 - 2027
• North America Magnetic Materials Market - Key Performance Indicators
• North America Magnetic Materials Market - Import Export Trade Statistics
• North America Magnetic Materials Market - Opportunity Assessment By Countries
• North America Magnetic Materials Market - Opportunity Assessment By Product Types
• North America Magnetic Materials Market - Opportunity Assessment By Applications
• North America Magnetic Materials Market - Top Companies Market Share
• North America Magnetic Materials Market - Top Companies Profiles
• North America Magnetic Materials Market - Comparison of Players in Technical and Operating Parameters
• North America Magnetic Materials Market - Strategic Recommendations

Markets Covered

The market report covers the following segments:

• By Product Type:
  • Semi-hard Magnet
  • Soft Magnet
  • Hard Magnet

• By Applications:
  • Automotive
  • Electronics
  • Industrial
  • Power Generation
  • Others

• By Countries:
  • United States
  • Canada

Frequently Asked Questions About the Market Study (FAQs):