1. Market Research
  2. > Materials
  3. > Metals Market Trends
  4. > Permanent Magnets: Technologies and Global Markets

Permanent Magnets: Technologies and Global Markets

  • March 2016
  • -
  • BCC Research
  • -
  • 180 pages

Summary

Table of Contents

This BCC Research report provides an up-to-date analysis of recent developments and current trends in the global permanent magnet market and quantifies the projected impact of both internal and external forces that are affecting the global permanent magnet market today and will affect the market for the next several years. Forecast given for the period 2015 to 2020.

Use this report to:

Gain information about the global consumption of permanent magnets in automotive, industrial, medical and home appliances industries.
Gain information about the current trends within the industry and major end-user industries for the global permanent magnet market.
Analyze the supplier landscape in the field of permanent magnets.

Highlights

The global permanent magnet market is expected to grow from nearly $13.4 billion in 2015 to roughly $20 billion by 2020, with a compound annual growth rate (CAGR) of 8.4% for the period of 2015-2020.
The neodymium magnet market will grow from $7.0 billion in 2015 to $10.7 billion by 2020 with a CAGR of 9.0% for the period of 2015-2020.
The ferrite magnet market will grow from $5.8 billion in 2015 to $8.6 billion by 2020 with a CAGR of 8.3% for the period of 2015-2020.

INTRODUCTION

The global permanent magnet market has recently been increasing at an average rate of 10% to 15%, due to increased demand from the intermediate as well as end-user industries. To assess the market, permanent magnets have been divided into four major types of magnets: alnico, neodymium, Samarium-cobalt and ferrite/ceramic magnets.

Alnico magnets are alloys, with the presence of elements including aluminum (Al), nickel (Ni) and cobalt (Co) in large amounts. These magnets primarily find their applications in instruments and meters, generators and ignition systems.

Neodymium or neodymium-iron-boron magnets belong to the rare earth family of magnets due to the presence of rare earth elements in these magnets such as neodymium and dysprosium. These magnets are considered the strongest magnets available in the world. Neodymium magnets primarily find their applications in electronic motors, generators, medical devices, sonic equipment and transducers, and other magnetic devices.

Samarium-cobalt magnets also belong to the rare earth family of magnets with the presence of samarium and cobalt as main elements. These magnets possess high magnetic properties, and the ability to operate under very high operating temperatures.

These magnets primarily find their applications in industries such as automobile, marine, medical, and aerospace and defense.

Ferrite magnets are also known as ceramic magnets. These magnets consist of iron oxide in addition to either barium carbonate or strontium as raw materials. In terms of volume, ferrite magnets account for over 85% of the overall permanent magnet market.

These magnets primarily find their applications in sonic equipment, motors, magnetic separators and couplings, and other industrial purposes.

The major growth drivers for the global permanent magnet market include global automotive industry growth; increasing reliance on electronic devices around the world; and increasing applications and demand for industrial purposes such as in renewable energy, healthcare, aerospace and defense, and IT industries.


Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Permanent Magnet Market by Type, End-Use Industry - Global Forecast to 2021

Permanent Magnet Market by Type, End-Use Industry - Global Forecast to 2021

  • $ 5650
  • Industry report
  • March 2017
  • by MarketsandMarkets

“Global permanent magnet market projected to register a CAGR of 8.8%” The global permanent magnet market is projected to reach USD 22.67 billion by 2021, at a CAGR of 8.8% from 2016 to 2021. The growing ...

Global Magnets and Magnetic Materials - Industrial Supplies & Accessories

Global Magnets and Magnetic Materials - Industrial Supplies & Accessories

  • $ 4950
  • Industry report
  • January 2017
  • by Global Industry Analysts

This report analyzes the worldwide markets for Magnets and Magnetic Materials in US$ by the following Product Segments: Soft Magnetic Materials (Soft Ferrite, & Electrical Steel), and Permanent Magnets ...

Opportunity in Rare Earth Metals in global market - 2017

Opportunity in Rare Earth Metals in global market - 2017

  • $ 4500
  • Industry report
  • March 2017
  • by Feedback Business Consulting

This report provides insight into the current market scenario, structure and practices. In depth market scenario includes: - Current market size estimate - Revenues by players - Top 5 Companies - Market ...

Rare Earth Markets In China

April 2017 $ 4000

Download Unlimited Documents from Trusted Public Sources

Metals Industry in Europe

  • April 2017
    96 pages
  • Rare Earth  

    Silver  

    Precious Metal  

  • Europe  

    United Kingdom  

View report >

The future of the Coal Mining Industry in the UK

  • April 2017
    4 pages
  • Coal Mining  

  • United Kingdom  

    Europe  

View report >

The future of the Battery Industry in China

  • April 2017
    25 pages
  • Lithium-Ion Bat...  

    Rechargeable Ba...  

    Battery  

  • China  

    Asia  

    World  

View report >

Rare Earth Exports

25 days ago

Metals Trade

25 days ago

Related Market Segments :

Rare Earth

ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.