Thailand is strengthening its manufacturing sector, with notable growth in the automotive, electronics, and renewable energy industries. As the country becomes an emerging hub for automotive production, the demand for permanent magnets-particularly for use in electric vehicle (EV) motors-is rising. The electronics industry, a major component of Thailand’s industrial landscape, also depends heavily on these magnets for applications such as motors, sensors, and audio equipment.
In addition, Thailand’s commitment to expanding its renewable energy capacity, especially in wind energy, is further boosting the need for magnets used in wind turbines. The nation’s broader shift toward green technologies is expected to significantly increase demand for permanent magnets in the coming years.
To meet this growing demand, manufacturers are scaling up their operations in Thailand. For example, Arnold Magnetic Technologies has expanded its global presence by opening a new 26,250-square-foot facility in Amata City, Chonburi. Operational since October 2024, the facility produces a range of permanent magnet assemblies, including rotors, stators, and motors, contributing to the market's growth in the region.
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation:
- 4. Thailand Permanent Magnet Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 5. Permanent Magnet Market Key Market Dynamics
- 5.1 Permanent Magnet Market – Key Market Dynamics
- 5.2 Market Drivers
- 5.3 Market Restraints
- 5.4 Market Opportunities
- 5.5 Future Trends
- 5.6 Impact of Drivers and Restraints
- 6. Thailand Permanent Magnet Market – Analysis
- 6.1 Thailand Permanent Magnet Market Revenue (US$ Million), 2021–2031
- 6.2 Thailand Permanent Magnet Market Revenue and Forecast Analysis
- 7. Thailand Permanent Magnet Market Analysis – by Type
- 7.1 Thailand Permanent Magnet Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Type
- 8. Thailand Permanent Magnet Market Analysis – by Application
- 8.1 Thailand Permanent Magnet Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Application
- 9. Competitive Landscape
- 9.1 Heat Map Analysis by Key Players
- 9.1 Company Positioning and Concentration
- 10. Industry Landscape
- 10.1 Overview
- 10.2 Market Initiative
- 10.2 Partnerships and Collaborations
- 10.2 Other Developments
- 11. Company Profiles
- 11.1 Hitachi Ltd
- 11.1. 1 Key Facts
- 11.1. 2 Business Description
- 11.1. 3 Products and Services
- 11.1. 4 Financial Overview
- 11.1. 5 SWOT Analysis
- 11.1. 6 Key Developments
- 11.2 Shin-Etsu Chemical Co Ltd
- 11.2. 1 Key Facts
- 11.2. 2 Business Description
- 11.2. 3 Products and Services
- 11.2. 4 Financial Overview
- 11.2. 5 SWOT Analysis
- 11.2. 6 Key Developments
- 11.3 TDK Corp
- 11.3. 1 Key Facts
- 11.3. 2 Business Description
- 11.3. 3 Products and Services
- 11.3. 4 Financial Overview
- 11.3. 5 SWOT Analysis
- 11.3. 6 Key Developments
- 11.4 Arnold Magnetic Technologies.
- 11.4. 1 Key Facts
- 11.4. 2 Business Description
- 11.4. 3 Products and Services
- 11.4. 4 Financial Overview
- 11.4. 5 SWOT Analysis
- 11.4. 6 Key Developments
- 11.5 Chengdu Galaxy Magnets Company Limited
- 11.5. 1 Key Facts
- 11.5. 2 Business Description
- 11.5. 3 Products and Services
- 11.5. 4 Financial Overview
- 11.5. 5 SWOT Analysis
- 11.5. 6 Key Developments
- 11.6 Goudsmit Magnetics
- 11.6. 1 Key Facts
- 11.6. 2 Business Description
- 11.6. 3 Products and Services
- 11.6. 4 Financial Overview
- 11.6. 5 SWOT Analysis
- 11.6. 6 Key Developments
- 11.7 Electron Energy Corporation
- 11.7. 1 Key Facts
- 11.7. 2 Business Description
- 11.7. 3 Products and Services
- 11.7. 4 Financial Overview
- 11.7. 5 SWOT Analysis
- 11.7. 6 Key Developments
- 11.8 Dexter Magnetic Technologies
- 11.8. 1 Key Facts
- 11.8. 2 Business Description
- 11.8. 3 Products and Services
- 11.8. 4 Financial Overview
- 11.8. 5 SWOT Analysis
- 11.8. 6 Key Developments
- 11.9 Adams Magnetic Products, LLC
- 11.9. 1 Key Facts
- 11.9. 2 Business Description
- 11.9. 3 Products and Services
- 11.9. 4 Financial Overview
- 11.9. 5 SWOT Analysis
- 11.9. 6 Key Developments
- 11.10 NINGBO YUNSHENG CO.,LTD.
- 11.10. 1 Key Facts
- 11.10. 2 Business Description
- 11.10. 3 Products and Services
- 11.10. 4 Financial Overview
- 11.10. 5 SWOT Analysis
- 11.10. 6 Key Developments
- 12. Appendix
- 12.1 About Business Market Insights
- 12.2 List of Abbreviations
- TABLE OF TABLES
- Table 1. Thailand Permanent Magnet Market Segmentation
- Table 2. List of Vendors
- Table 3. Thailand Permanent Magnet Market – Revenue, 2021–2024 (US$ Million)
- Table 4. Thailand Permanent Magnet Market – Revenue Forecast, 2025–2031 (US$ Million)
- Table 5. Thailand Permanent Magnet Market – Revenue, 2021–2024 (US$ Million) – by Type
- Table 6. Thailand Permanent Magnet Market – Revenue Forecast, 2025–2031 (US$ Million) – by Type
- Table 7. Thailand Permanent Magnet Market – Revenue, 2021–2024 (US$ Million) – by Application
- Table 8. Thailand Permanent Magnet Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application
- Table 9. List of Abbreviations
- TABLE OF FIGURES
- Figure 1. Impact Analysis of Drivers and Restraints
- Figure 2. Thailand Permanent Magnet Market Revenue, (US$ Million), 2021–2031
- Figure 3. Heat Map Analysis by Key Players
- Figure 4. Company Positioning and Concentration
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