Product Code: ETC008990 | Publication Date: Jun 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Magnetic Materials Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 15.21% in 2025, climbs to a high of 17.18% in 2028, and moderates to 15.86% by 2029.
The Magnetic Materials market in Vietnam is projected to grow at a exponential growth rate of 17.09% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
Vietnam Magnetic Materials Market is expected to register a CAGR of around 8.7% during the forecast period, 2020-2026. The market in Vietnam is witnessing growth on account of increasing investments by governments in industrial development projects as well as rising demand for consumer electronics and electrical equipment manufacturing.
Furthermore, significant technological advancements have provided an impetus to the magnetic materials industry. Development in technologies such as high temperature superconductivity and nanotechnology are facilitating increased utilization of permanent magnets due to their superior characteristics compared with other components used for power generation, transmission & distribution applications. Moreover, growing awareness about energy conservation and efficient use of resources has further augmented the usage rate of these materials across various industries including automotive, aerospace & defense, healthcare and renewable energy sector among others.
In addition, supportive government initiatives coupled with presence of household appliances manufacturers located in Vietnam are driving the demand for magnetic materials industry over recent years.. Major players operating in this market include Arnold Magnetics Inc., Hitachi Metals Ltd., Hangzhou Permanent Magnet Group Co., Sumitomo Electric Industries Ltd., Shin-Etsu Chemical Co., Mitsubishi Materials Corporation etc.
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 Vietnam Magnetic Materials Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Magnetic Materials Market Revenues & Volume, 2019 & 2026F |
3.3 Vietnam Magnetic Materials Market - Industry Life Cycle |
3.4 Vietnam Magnetic Materials Market - Porter's Five Forces |
3.5 Vietnam Magnetic Materials Market Revenues & Volume Share, By Product Types, 2019 & 2026F |
3.6 Vietnam Magnetic Materials Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 Vietnam Magnetic Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Magnetic Materials Market Trends |
6 Vietnam Magnetic Materials Market, By Types |
6.1 Vietnam Magnetic Materials Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Magnetic Materials Market Revenues & Volume, By Product Types, 2016 - 2026F |
6.1.3 Vietnam Magnetic Materials Market Revenues & Volume, By Semi-hard Magnet, 2016 - 2026F |
6.1.4 Vietnam Magnetic Materials Market Revenues & Volume, By Soft Magnet, 2016 - 2026F |
6.1.5 Vietnam Magnetic Materials Market Revenues & Volume, By Hard Magnet, 2016 - 2026F |
6.2 Vietnam Magnetic Materials Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Magnetic Materials Market Revenues & Volume, By Automotive, 2016 - 2026F |
6.2.3 Vietnam Magnetic Materials Market Revenues & Volume, By Electronics, 2016 - 2026F |
6.2.4 Vietnam Magnetic Materials Market Revenues & Volume, By Industrial, 2016 - 2026F |
6.2.5 Vietnam Magnetic Materials Market Revenues & Volume, By Power Generation, 2016 - 2026F |
6.2.6 Vietnam Magnetic Materials Market Revenues & Volume, By Others, 2016 - 2026F |
7 Vietnam Magnetic Materials Market Import-Export Trade Statistics |
7.1 Vietnam Magnetic Materials Market Export to Major Countries |
7.2 Vietnam Magnetic Materials Market Imports from Major Countries |
8 Vietnam Magnetic Materials Market Key Performance Indicators |
9 Vietnam Magnetic Materials Market - Opportunity Assessment |
9.1 Vietnam Magnetic Materials Market Opportunity Assessment, By Product Types, 2019 & 2026F |
9.2 Vietnam Magnetic Materials Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 Vietnam Magnetic Materials Market - Competitive Landscape |
10.1 Vietnam Magnetic Materials Market Revenue Share, By Companies, 2019 |
10.2 Vietnam Magnetic Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |