Arc Ferrite Magnet Market - Growth Drivers and Challenges
Growth Drivers
- Electrification of Transportation (EVs): The global electric vehicle sales are projected to reach an estimated value of USD 802 billion by the year 2027. As the world shifts towards cleaner and more sustainable transportation options, arc ferrite magnets are integral components in electric vehicle (EV) motors. They are known for their cost-effectiveness and reliability, making them a preferred choice for EV manufacturers.
- Cost-Effectiveness and Environmental Compliance: Arc ferrite magnets are competitively priced compared to rare-earth magnets, making them an attractive option for cost-conscious industries while complying with environmental regulations. In an era where sustainability and cost-efficiency are paramount, arc ferrite magnets strike a balance by offering both eco-friendliness and affordability.
- Advancement in Medical Equipment: High-strength arc ferrite magnets are indispensable in medical equipment like magnetic resonance imaging (MRI) machines. As healthcare technology advances, so does the need for these magnets in life-saving applications.
Challenges
- Competition from Rare-Earth Magnets: Arc ferrite magnets face stiff competition from rare-earth magnets, particularly neodymium-based magnets, which offer higher magnetic strength in smaller sizes. In applications where size and magnetic strength are critical factors, arc ferrite magnets may lose market share to rare-earth magnets.
- Supply Chain Vulnerabilities in the Arc Ferrite Magnet Market
- Environmental Regulations regarding Arc Ferrite Magnet
Arc Ferrite Magnet Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Year |
2026-2035 |
|
CAGR |
6.5% |
|
Base Year Market Size (2025) |
USD 9.83 billion |
|
Forecast Year Market Size (2035) |
USD 18.45 billion |
|
Regional Scope |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of arc ferrite magnet is assessed at USD 10.41 billion.
The global arc ferrite magnet market size was valued at more than USD 9.83 billion in 2025 and is expected to register a CAGR of over 6.5%, exceeding USD 18.45 billion revenue by 2035.
By 2035, the Asia Pacific region is anticipated to command a 38% share of the arc ferrite magnet market, underpinned by strong government incentives fostering EV adoption and clean-energy technologies.
Key players in the market include Arnold Magnetic Technologies, Adams Magnetic Products Co., Dexter Magnetic Technologies, Vacuumschmelze (VAC), Hitachi Metals Ltd.
