Nordic Permanent Magnet Market Outlook (2021-2031)
The Nordic Permanent Magnet Market size was valued at US$ 146.46 Mn in 2024 and is projected to reach US$ 243.41 Mn by 2031, growing at a CAGR of 8.0 % during 2025 - 2031.
Report Coverage
- Type: Neodymium-Iron-Boron, Ferrite, Samarium Cobalt, Alnico
- Application: Consumer Electronics, Automotive, Aerospace and Defense, Medical, Industrial Machinery, Energy
US$ 146.46 Mn
Market size in 2024
US$ 243.41 Mn
Market Size by 2031
8.0 %
CAGR, 2025 - 2031
2025-2031
Forecast Period
1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Data Triangulation and Validation
4. Nordic Permanent Magnet Market Landscape
4.1 Overview
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain
5. Nordic Permanent Magnet Market – Key Market Dynamics
5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
5.5 Impact of Drivers and Restraints
6. Nordic Permanent Magnet Market Regional Analysis
6.2 Nordic Permanent Magnet Market Revenue 2021-2031 (US$ Million)
6.3 Nordic Permanent Magnet Market Forecast Analysis
7. Nordic Permanent Magnet Market Analysis – by Type
7.1 Neodymium-Iron-Boron
- 7.1.1 Overview
- 7.1.2 Neodymium-Iron-Boron: Nordic Permanent Magnet Market – Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Ferrite
- 7.2.1 Overview
- 7.2.2 Ferrite: Nordic Permanent Magnet Market – Revenue and Forecast, 2021-2031 (US$ Million)
7.3 Samarium Cobalt
- 7.3.1 Overview
- 7.3.2 Samarium Cobalt: Nordic Permanent Magnet Market – Revenue and Forecast, 2021-2031 (US$ Million)
7.4 Alnico
- 7.4.1 Overview
- 7.4.2 Alnico: Nordic Permanent Magnet Market – Revenue and Forecast, 2021-2031 (US$ Million)
8. Nordic Permanent Magnet Market Analysis – by Application
8.1 Consumer Electronics
- 8.1.1 Overview
- 8.1.2 Consumer Electronics: Nordic Permanent Magnet Market – Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Automotive
- 8.2.1 Overview
- 8.2.2 Automotive: Nordic Permanent Magnet Market – Revenue and Forecast, 2021-2031 (US$ Million)
8.3 Aerospace and Defense
- 8.3.1 Overview
- 8.3.2 Aerospace and Defense: Nordic Permanent Magnet Market – Revenue and Forecast, 2021-2031 (US$ Million)
8.4 Medical
- 8.4.1 Overview
- 8.4.2 Medical: Nordic Permanent Magnet Market – Revenue and Forecast, 2021-2031 (US$ Million)
8.5 Industrial Machinery
- 8.5.1 Overview
- 8.5.2 Industrial Machinery: Nordic Permanent Magnet Market – Revenue and Forecast, 2021-2031 (US$ Million)
8.6 Energy
- 8.6.1 Overview
- 8.6.2 Energy: Nordic Permanent Magnet Market – Revenue and Forecast, 2021-2031 (US$ Million)
9. Nordic Permanent Magnet Market – Nordic Analysis
9.1 Overview
9.2 Nordic- 9.2.1 Nordic Permanent Magnet Market Breakdown, by Key Country, 2025 and 2031 (%)
- 9.2.1.1 Nordic Permanent Magnet Market – Revenue and Forecast Analysis – by Country
- 9.2.1.1 Sweden: Nordic Permanent Magnet Market – Revenue and Forecast to 2031 (US$ Million)
- 9.2.1.1.1 Sweden: Nordic Permanent Magnet Market Breakdown, by Type
- 9.2.1.1.2 Sweden: Nordic Permanent Magnet Market Breakdown, by Application
- 9.2.1.2 Denmark: Nordic Permanent Magnet Market – Revenue and Forecast to 2031 (US$ Million)
- 9.2.1.2.1 Denmark: Nordic Permanent Magnet Market Breakdown, by Type
- 9.2.1.2.2 Denmark: Nordic Permanent Magnet Market Breakdown, by Application
- 9.2.1.3 Norway: Nordic Permanent Magnet Market – Revenue and Forecast to 2031 (US$ Million)
- 9.2.1.3.1 Norway: Nordic Permanent Magnet Market Breakdown, by Type
- 9.2.1.3.2 Norway: Nordic Permanent Magnet Market Breakdown, by Application
- 9.2.1.4 Finland: Nordic Permanent Magnet Market – Revenue and Forecast to 2031 (US$ Million)
- 9.2.1.4.1 Finland: Nordic Permanent Magnet Market Breakdown, by Type
- 9.2.1.4.2 Finland: Nordic Permanent Magnet Market Breakdown, by Application
10. Competitive Landscape
10.1 Heat Map Analysis
10.2 Company Positioning and Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Partnerships and Collaborations
11.4 Other Developments
12. Company Profiles
12.1 Shin-Etsu Chemical
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Hitachi Metals
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Toyota Tsusho Corporation
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 General Electric
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 TDK Corp
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Armold Magnetic technologies
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Galaxy Magnets
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Goudsmit Magnetics
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Electron Energy Corporation
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Dexter Magnetic Technolgies
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
12.11 Adams Magnetic Products
- 12.11.1 Key Facts
- 12.11.2 Business Description
- 12.11.3 Products and Services
- 12.11.4 Financial Overview
- 12.11.5 SWOT Analysis
- 12.11.6 Key Developments
13. Appendix
13.1 About Business Market Insights
13.2 List of Abbreviations
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