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Alnico Permanent Magnet Market Size & Forecast

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Historic: 2021-2023 Base Year: 2024 Forecast: 2025–2031
US$ 640.53 Million
Market Size 2024 · Base Year
US$ 1,137.02 Million
Projected Market Size by 2031
8.54%
CAGR · 2025–2031
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BMIPUB00031699 56+ Countries Covered 10 Major Companies Profiled PEST & SWOT Analysis Competitive Heat Map
At a Glance

Report Coverage

56 +
Countries
56+ countries across North America, Europe, Asia-Pacific, South and Central America, Middle East and Africa
11
Year Assessment
Comprehensive Market Analysis Covering 3 Years of Historical Data (2021–2023), Base Year (2024), and 7-Year Forecast (2025–2031)
10 +
Major Players
Major companies profiled including Arnold Magnetic Technologies Corporation, Adams Magnetic Products Co., Electron Energy Corporation, Bunting Magnetics Co., Proterial, Ltd.
200
Report Pages
Pages of deep-dive analysis with PEST, SWOT, competitive heat maps and datasets
What's Fueling Growth

Market Drivers

  • Growing Adoption in Automotive and Electric Vehicles

  • Expansion in Electronics and Consumer Devices

  • Increasing Use in Renewable Energy and Industrial Machinery

Where Growth Opportunities Exist

Key Opportunities

  • Development of Eco-Friendly and Energy-Efficient Solutions

  • Expansion into Emerging Markets and High-Tech Applications

What Could Slow It Down

Market Restraints

  • High raw material cost

  • Competition from rare earth magnet

  • Limited performance range

Market Segmentation

Coverage by Segment

Type

Cast Alnico
Sintered Alnico
Others

Application

Electronics
Automotive
Aerospace
Geographic Breakdown

Regional Intelligence

NA North America
EU Europe
APAC Asia-Pacific
SCA South & Central America
MEA Middle East & Africa
Competitive Landscape

Major Market Players

Listed for reference — companies are not ranked in any particular order.

Arnold Magnetic Technologies Corporation
Adams Magnetic Products Co.
Electron Energy Corporation
Bunting Magnetics Co.
Proterial, Ltd.
Shin-Etsu Chemical Co., Ltd.
Ningbo Yunsheng Co., Ltd.
Eclipse Magnetics Ltd.
VACUUMSCHMELZE GmbH & Co. KG
Dura Magnetics, Inc.
What's Inside

Report Scope & Deliverables

Market Size 2024 US$ 640.53 Million
Market Size 2031 US$ 1,137.02 Million
CAGR 2025–2031 8.54%
Segments By Type (Cast Alnico, Sintered Alnico, Others)  |  By Application (Electronics, Automotive, Aerospace)
Geographies North America (US, Canada, Mexico)  ·  Europe (Germany, Italy, France, U.K., Spain, Belgium, Netherlands, Luxembourg, Norway, Finland, Denmark, Sweden, Switzerland, Austria, Greece, Portugal, Russia, Poland, Romania, Czech Republic, Ukraine, Slovakia, Bulgaria)  ·  Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Taiwan, Bangladesh)  ·  South and Central America (Brazil, Argentina, Chile, Colombia, Peru)  ·  Middle East and Africa (Saudi Arabia, United Arab Emirates, Kuwait, Bahrain, Qatar, Oman, Turkiye, South Africa, Egypt, Nigeria, Algeria)
Deliverables Historical analysis with CAGR · PEST & SWOT analysis · Market Size at Global, Regional, and Country Levels · Competitive heat map · Company profiles · Excel dataset
Report Code BMIPUB00031699
Lead Analyst Suraj Sajeev — Associate Manager, Research & Consulting · View Profile
With Full Report Access

Gain actionable insights with 200 pages of in-depth Alnico Permanent Magnet Market, including historical trends, 7-year market forecasts, SWOT analysis, competitive landscapes, and downloadable Excel datasets in a single comprehensive package.

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