United States (US) Permanent Magnet Market (2025-2031) | Outlook, Competitive Landscape, Companies, Share, Industry, Size & Revenue, Forecast, Growth, Analysis, Value, Segmentation, Trends

Name: United States (US) Permanent Magnet Market (2025-2031) | Trends & Outlook
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Type (Neodymium Iron Boron Magnets, Ferrite Magnets, Samarium Cobalt Magnets, Alnico Magnets, Others), By End-Use (Consumer Electronics, General Industrial, Automotive, Medical Technology, Environment & Energy, Aerospace & Defense, Others) And Competitive Landscape

Product Code: ETC9973184	Publication Date: Sep 2024	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Shubham Padhi	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

United States (US) Permanent Magnet Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The United States continues to be a major importer of permanent magnets, with China, Japan, South Korea, Philippines, and Finland being the top exporting countries in 2024. Despite a high concentration with a high Herfindahl-Hirschman Index (HHI), the market has shown steady growth with a Compound Annual Growth Rate (CAGR) of 8.22% from 2020 to 2024. However, there was a slight decline in the growth rate from 2023 to 2024, indicating some challenges in the market. This data suggests a competitive landscape for permanent magnet imports in the US, with opportunities for further market analysis and strategic planning.

United States (US) Permanent Magnet Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

United States (US) Permanent Magnet Market Outlook
Market Size of United States (US) Permanent Magnet Market, 2024
Forecast of United States (US) Permanent Magnet Market, 2031
Historical Data and Forecast of United States (US) Permanent Magnet Revenues & Volume for the Period 2021- 2031
United States (US) Permanent Magnet Market Trend Evolution
United States (US) Permanent Magnet Market Drivers and Challenges
United States (US) Permanent Magnet Price Trends
United States (US) Permanent Magnet Porter's Five Forces
United States (US) Permanent Magnet Industry Life Cycle
Historical Data and Forecast of United States (US) Permanent Magnet Market Revenues & Volume By Type for the Period 2021- 2031
Historical Data and Forecast of United States (US) Permanent Magnet Market Revenues & Volume By Neodymium Iron Boron Magnets for the Period 2021- 2031
Historical Data and Forecast of United States (US) Permanent Magnet Market Revenues & Volume By Ferrite Magnets for the Period 2021- 2031
Historical Data and Forecast of United States (US) Permanent Magnet Market Revenues & Volume By Samarium Cobalt Magnets for the Period 2021- 2031
Historical Data and Forecast of United States (US) Permanent Magnet Market Revenues & Volume By Alnico Magnets for the Period 2021- 2031
Historical Data and Forecast of United States (US) Permanent Magnet Market Revenues & Volume By Others for the Period 2021- 2031
Historical Data and Forecast of United States (US) Permanent Magnet Market Revenues & Volume By End-Use for the Period 2021- 2031
Historical Data and Forecast of United States (US) Permanent Magnet Market Revenues & Volume By Consumer Electronics for the Period 2021- 2031
Historical Data and Forecast of United States (US) Permanent Magnet Market Revenues & Volume By General Industrial for the Period 2021- 2031
Historical Data and Forecast of United States (US) Permanent Magnet Market Revenues & Volume By Automotive for the Period 2021- 2031
Historical Data and Forecast of United States (US) Permanent Magnet Market Revenues & Volume By Medical Technology for the Period 2021- 2031
Historical Data and Forecast of United States (US) Permanent Magnet Market Revenues & Volume By Environment & Energy for the Period 2021- 2031
Historical Data and Forecast of United States (US) Permanent Magnet Market Revenues & Volume By Aerospace & Defense for the Period 2021- 2031
Historical Data and Forecast of United States (US) Permanent Magnet Market Revenues & Volume By Others for the Period 2021- 2031
United States (US) Permanent Magnet Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By End-Use
United States (US) Permanent Magnet Top Companies Market Share
United States (US) Permanent Magnet Competitive Benchmarking By Technical and Operational Parameters
United States (US) Permanent Magnet Company Profiles
United States (US) Permanent Magnet Key Strategic Recommendations

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 United States (US) Permanent Magnet Market Overview

3.1 United States (US) Country Macro Economic Indicators

3.2 United States (US) Permanent Magnet Market Revenues & Volume, 2021 & 2031F

3.3 United States (US) Permanent Magnet Market - Industry Life Cycle

3.4 United States (US) Permanent Magnet Market - Porter's Five Forces

3.5 United States (US) Permanent Magnet Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 United States (US) Permanent Magnet Market Revenues & Volume Share, By End-Use, 2021 & 2031F

4 United States (US) Permanent Magnet Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for permanent magnets in automotive applications due to the rise of electric vehicles.

4.2.2 Growing need for permanent magnets in renewable energy sectors like wind turbines and solar panels.

4.2.3 Technological advancements leading to the development of smaller, more efficient permanent magnets.

4.3 Market Restraints

4.3.1 Fluctuating prices of rare earth metals, which are essential components of permanent magnets.

4.3.2 Environmental concerns related to the mining and extraction of rare earth metals.

4.3.3 Competition from alternative materials and technologies in certain applications.

5 United States (US) Permanent Magnet Market Trends

6 United States (US) Permanent Magnet Market, By Types

6.1 United States (US) Permanent Magnet Market, By Type

6.1.1 Overview and Analysis

6.1.2 United States (US) Permanent Magnet Market Revenues & Volume, By Type, 2021- 2031F

6.1.3 United States (US) Permanent Magnet Market Revenues & Volume, By Neodymium Iron Boron Magnets, 2021- 2031F

6.1.4 United States (US) Permanent Magnet Market Revenues & Volume, By Ferrite Magnets, 2021- 2031F

6.1.5 United States (US) Permanent Magnet Market Revenues & Volume, By Samarium Cobalt Magnets, 2021- 2031F

6.1.6 United States (US) Permanent Magnet Market Revenues & Volume, By Alnico Magnets, 2021- 2031F

6.1.7 United States (US) Permanent Magnet Market Revenues & Volume, By Others, 2021- 2031F

6.2 United States (US) Permanent Magnet Market, By End-Use

6.2.1 Overview and Analysis

6.2.2 United States (US) Permanent Magnet Market Revenues & Volume, By Consumer Electronics, 2021- 2031F

6.2.3 United States (US) Permanent Magnet Market Revenues & Volume, By General Industrial, 2021- 2031F

6.2.4 United States (US) Permanent Magnet Market Revenues & Volume, By Automotive, 2021- 2031F

6.2.5 United States (US) Permanent Magnet Market Revenues & Volume, By Medical Technology, 2021- 2031F

6.2.6 United States (US) Permanent Magnet Market Revenues & Volume, By Environment & Energy, 2021- 2031F

6.2.7 United States (US) Permanent Magnet Market Revenues & Volume, By Aerospace & Defense, 2021- 2031F

7 United States (US) Permanent Magnet Market Import-Export Trade Statistics

7.1 United States (US) Permanent Magnet Market Export to Major Countries

7.2 United States (US) Permanent Magnet Market Imports from Major Countries

8 United States (US) Permanent Magnet Market Key Performance Indicators

8.1 Average selling price of permanent magnets.

8.2 Adoption rate of permanent magnets in key industries.

8.3 Investment in research and development for permanent magnet technologies.

8.4 Efficiency improvements in permanent magnet manufacturing processes.

9 United States (US) Permanent Magnet Market - Opportunity Assessment

9.1 United States (US) Permanent Magnet Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 United States (US) Permanent Magnet Market Opportunity Assessment, By End-Use, 2021 & 2031F

10 United States (US) Permanent Magnet Market - Competitive Landscape

10.1 United States (US) Permanent Magnet Market Revenue Share, By Companies, 2024

10.2 United States (US) Permanent Magnet Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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