1. Market Research
  2. > Materials
  3. > Metals Market Trends
  4. > Permanent Magnets Market Outlook - Global Trends, Forecast, and Opportunity Assessment (2014-2022)

Permanent Magnets Market Outlook - Global Trends, Forecast, and Opportunity Assessment (2014-2022)

  • November 2015
  • -
  • Stratistics MRC
  • -
  • 124 pages

Summary

Table of Contents

The Global Permanent Magnets market is accounted for $17.3 billion in 2014, and is projected to register a CAGR of 9.2% to reach $35.1 billion by 2022. The permanent magnets market growth has been impelled by accessibility of fine quality neo magnets and ferrite magnets with lesser dysprosium content, which are also expected to lead the market with rapid growth during the forecast period.

Growth of global automobile industry is estimated to be a key factor driving permanent magnets market. Factors such as significant growth of automotive industry owing to rising population and technological advancement are the primary driving factors for the permanent magnets market. They are extensively used for a varied range of applications in automotives including economy and pollution control. Permanent magnets are required in components such as gearboxes, alternators and motors in their mechanism. In battery components, engine components, moving car parts and other integral systems large magnets, predominantly NdFeB and ferrite are used. However, factors such as absence of quality control spread across developing countries, variation in costs of raw materials and incompetence to undertake massive investments required in R&D and technology are hampering the growth of this market.

Changing trend towards renewable energy has also contributed to the growth of permanent magnets market. Permanent magnets play a major role in wind energy generation. As the energy is a scarce resource and demand for energy is continuously increasing, the renewable energy plays a crucial role. Permanent magnets are also used in wind turbine which is liable for generating AC electricity.

On the other hand, an unpredictable price of raw materials including Neodymium (Nd), Dysprosium (Dy), Boron (B) and Iron (Fe) is expected to hamper the market growth over the projected period. Many large scale manufacturers had to substitute NdFeB magnets with ferrite magnets for certain automotive and wind energy generation applications due to the price variation, while other medium scale and small scale companies were extensively affected, resulting in termination.

Some of the key players in permanent magnets market are Arnold Magnetic Technologies, Adams Magnetic Products Co, Dexter Magnetic Technologies Inc, Electron Energy Corporation, Hitachi Metals Ltd, Lynas Corporation Ltd, Molycorp Inc, Shin-Etsu Chemical Co. Ltd, Tengam Engineering Inc, and Ningbo Yunsheng Co. Ltd

Products Covered:
• Ferrite
• Alnico
• Neo (NdFeb)
• SmCo

Applications Covered:
• Electronics
• Automotive
• Energy Generation
• Others

Regions Covered:
• North America
o US
o Canada
• Europe
o Germany
o France
o Italy
o UK
o Spain
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia
• Rest of the World
o Latin America
o Middle East
o Africa
o Others

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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 Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Analysis of Key Sectors of Kazakhstan- Agriculture, Energy, Automobiles, Mining, Banking, Small and Medium Enterprises (2017 - 2022)

Analysis of Key Sectors of Kazakhstan- Agriculture, Energy, Automobiles, Mining, Banking, Small and Medium Enterprises (2017 - 2022)

  • $ 6000
  • Industry report
  • February 2017
  • by Mordor Intelligence LLP

The Economy of Kazakhstan is expected to grow at X.XX% by 2020. Kazakhstan is the worlds largest land locked state and the biggest economy in the central Asia region. The economy of Kazakhstan has suffered ...

Focused Ion Beam Market - Global Industry Analysis Size Share Growth Trends and Forecast 2016 - 2024

Focused Ion Beam Market - Global Industry Analysis Size Share Growth Trends and Forecast 2016 - 2024

  • $ 5795
  • Industry report
  • January 2017
  • by Transparency Market Research

Global Focused Ion Beam Market: Overview The factors which are primarily driving the growth of global Focused ion beam market are increasing application of focused ion beam systems in sample preparation ...

Ag Paste Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024

Ag Paste Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024

  • $ 5795
  • Industry report
  • February 2017
  • by Transparency Market Research

Global Ag Paste Market: Overview Ag paste is a uniformly dispersed mixture with multiple inorganic and organic components. It is well known for its highest electrical conductivity, thermal conductivity ...


Download Unlimited Documents from Trusted Public Sources

Metals Industry in the US and China, Weekly Update

  • April 2017
    10 pages
  • Copper  

    Precious Metal  

    Gold  

  • United States  

    China  

View report >

Non-Ferrous Metal Industry Analysis in the US and China - Forecast, Weekly Update

  • April 2017
    9 pages
  • Non-Ferrous Met...  

    Metals  

  • United States  

    China  

View report >

Metals Industry in China - Forecast

  • April 2017
    6 pages
  • Metals  

    Platinum  

    Precious Metal  

  • China  

    France  

View report >

Metals Supply

7 days ago

Metals Industry

7 days ago

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

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