Magnetic Materials Market Size – USD 73.52 billion
in 2019, Market Growth - CAGR of 9.3%, Market Trends –The development of new
technologies will hugely impact the growth.
The global Magnetic
Materials Market is forecast to reach USD 143.87 Billion by
2027, according to a new report by Reports and Data. The global magnetic
materials market demand is anticipated to augment on account of the increasing
need for power generation and miniaturization devices like generators in the
wind and hydro-powered turbines over the forecasted period. In addition, the
industry is expected to be driven by the growing automotive industry, which
uses magnets in various components such as pollution control, alternators, and
gearbox. However, volatile prices of rare-earth metals, including samarium,
dysprosium, and neodymium used in the production of magnetic materials, are
expected to act as a key market restraint. The rise in application range owing
to the development of new technologies is anticipated to open new avenues for
the global magnetic materials sector over the forecasted period.
The growing trend of electrification and modernization to
reduce the cost of production and improve efficiencies enhances the use of
permanent magnets in a variety of end-use industries. The building technologies
provide advanced solutions that ensure the highest levels of energy efficiency,
safety, and sustainability. These not only offer industry-specific solutions
for hospitals, life science companies, airports, hotels, utility companies, and
but also provide solutions for commercial buildings of cities as well as
international companies and their infrastructures. Permanent magnets are
extensively used in the motors of lift doors and train doors. NdFeB magnets are
also used to dewax oil pipelines in China.
Key participants include Hitachi Metals, Ltd.,
Daido Steel Co., Ltd, Molycorp Magnequench, Shin-ETSU Chemical Co., Ltd., TDK
Corporation, Lynas Corporation Ltd., Arnold Magnetic Technologies Corporation,
Electron Energy Corporation, Tengam Engineering, Inc., and Adams Magnetic
Products Co., Inc. among others.
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Further
key findings from the report suggest
- The
Asia Pacific is expected to have an attractive growth for the magnetic
material market as many multinational companies are shifting their
manufacturing set-ups to this region.
- China
has an excellent automobile production rate, according to OICA, which, in
turn, is a factor behind the rising demand for the industry.
- Among
the end-user segment, electronics & telecommunication is presently
leading the market, and it will continue to dominate with an estimate to
register the highest CAGR of 9.4% over the forecasted period.
- Among
the type segment, a semi-hard magnet is presently leading the market, and
it will continue to dominate with an estimate to register the highest CAGR
of 9.5% over the forecasted period.
- Demand
for faster transmission of data, decreasing the size of technological
devices, and effective utilization of electricity has provided an impetus
to the magnetic material sector.
To
identify the key trends in the industry, click on the link below: @ https://www.reportsanddata.com/report-detail/magnetic-materials-market
For the purpose of this report, Reports and Data have
segmented into the magnetic materials market on the basis of type, application,
end-user, and region:
Type Outlook (Revenue, USD Billion;
2017-2027)
- Hard/Permanent
Magnet
- Semi-Hard
Magnet
- Soft
Magnet
Application Outlook (Revenue, USD Billion;
2017-2027)
- Transformers
- Motors
- Inductors
- Generators
End-User Outlook (Revenue, USD Billion;
2017-2027)
- Automotive
- Electronics
& Telecommunications
- Industrial
- Power
Generation
- Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North
America
- Europe
- Asia
Pacific
- MEA
- Latin
America
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Table of Content:
Highlights
of the TOC:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Magnetic Materials Market Segmentation & Impact Analysis
4.1. Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
Chapter 5. Competitive Landscape
5.1. Market Revenue Share By Manufacturers
5.2. Manufacturing Cost Breakdown Analysis
5.3. Mergers & Acquisitions
5.4. Market positioning
5.5. Strategy Benchmarking
5.6. Vendor Landscape
Continue……
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