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Magnetic Materials Market by Type & by Application - Global Forecasts to 2020

Magnetic Materials Market: Global Forecasts until 2020

  • March 2016
  • 117 pages
  • ID: 3693827
In this report:
All this makes the picture murky for growth of the magnet market in future, but the demand for advanced magnetic materials that are used in automobiles, electronics, power generation, and the manufacturing industry is expected to continue to drive the market.
TDK Corporation together with Rising Nonferrous Metals Co., Ltd. and Tokai Trade Co., Ltd. entered into a joint venture to form Guangdong TDK Rising Rare Earth High Technology Material Co., Ltd. for the production of rare earth magnets in China.

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"Increased usage of magnetic materials in different applications"

The market size of magnetic materials is projected to extend ~$96.0B by 2020, recording a compound annual growth rate (CAGR) of 9.60 percent from 2015 to 2020. The magnetic materials meet the specific requirement of sectors, including automobile, energy storage, electrical & electronics, and medical. New technologies are introduced every year that improve the size, weight, and cost of these materials. The growing use of magnetic materials and infrastructure development has offered enormous opportunities in to the market in Asia Pacific (APAC).

"Automotive application to lead the sector"

The automotive application segment controled the overall magnetic materials market in 2014. It is expected to register the maximum growth rate from 2015 to 2020. Quick increase of the automotive sector, especially, in Asia-Pac (APAC), drives the use of magnetic materials in the automotive application segment, thus boosting the market increase.

"APAC expected to be quickest-rising market during projection period"

Asia-Pac is forecasted to be the biggest and quickest-increasing market for magnetic materials globally. The growth in disposable income and industrial increase in Asia Pacific (APAC) led to the growing demand for high-performance magnetic materials. Additionally, there has been a consistent increase in number of vehicles in the area over the past decade, which fuels the demand for magnetic materials in the territory.

Distribution of profile of primaries for the analysis

- By Company Type - Tier 1 - 24.0 percent, Tier 2 - 47.0 percent, and 1/3 3 - 29.0 percent

- By Designation - C-level - 38.0 percent, Director Level - 31.0 percent, Others - 31.0 percent

- By area - North america (NA) - 31.0 percent, Europe - 44.0 percent, Asia-Pacific -19.0 percent, and rest of the world - 6.0 percent

Some of the main firms decribed in this business report are Hitachi Metals Ltd., Daido Steel Co. Ltd., Molycorp Magnequench, Shin-Etsu Chemical Co. Ltd., TDK Corp., and others.

Reasons to acquire the market research

While making tactical conclusions in business, timely and useful information is required. This industry report fulfills the requirements of different stakeholders, including material suppliers, product manufacturers, investors, and executives.

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