1. Market Research
  2. > Manufacturing
  3. > Metal Manufacturing Market Trends
Magnets and Magnet Materials: Global Markets

Magnets and Magnet Materials: Global Markets

  • September 2017
  • 205 pages
  • ID: 5136790
  • Format: PDF
  • BCC Research

Summary

Table of Contents

Chapter 1: Introduction
The global market for magnets and magnetic materials has been increasing at an average rate of 7.8%, due to the demands from the intermediate as well as end-user industries. To assess the market, magnets and permanent magnets have been divided into four major types: alnico, neodymium, Samarium-cobalt and ferrite/ceramic. Soft magnets have been divided into three types: electrical steel, soft ferrite and other alloys. Alnico magnets are alloys, with aluminum (Al), nickel (Ni) and cobalt (Co) present 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, magnetic sensors, transducers, meters and instruments; consumer electronics (cell phones, disk drives, and home appliances); and others.

Samarium-cobalt magnets also belong to the rare earth family of magnets in which samarium and cobalt are the main elements. These magnets possess high magnetic properties, and the ability to operate under very high 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. These magnets primarily find their applications in sonic equipment, motors, magnetic separators and couplings, and other industrial purposes.

The steel segment, which consists of electrical steel, cold-rolled lamination steel, and amorphous steel, has the largest market shares.
For any application at high frequency, soft ferrites are used since they are ceramic insulators with a minimal loss of eddy current. These materials are ferrimagnetic, with a cubic crystal structure and the general composition would be MO.Fe2O3, where M is a transition metal such as nickel, manganese or zinc.

MnZn ferrite is sold commercially as ferroxcube, and is applicable at frequencies up to 10 MHz, for example, in telephone signal transmitters and receivers and in switch mode power supplies or DC-DC converters. For these types of applications, high frequency is used to allow miniaturization.

Other alloys used as soft magnetic materials are amorphous alloys, nickel-iron alloys, silicon-iron alloys, iron-cobalt alloys, ferritic chromium-iron alloys and niobium-tin alloy.
The major drivers behind the growth of the global market of magnets and magnetic materials are: the growth in the global automotive industry, increasing reliance on electronic devices around the world, and increasing applications and demands for industrial purposes such as in renewable energy, healthcare, aerospace, defense and IT industries.

Study Goals and Objectives
The goal of this report is to provide a detailed, comprehensive, multi-client study of the worldwide market for magnets and their materials along with emerging technologies and potential business opportunities in the future. Objectives include a thorough coverage of the underlying economic issues driving the magnet business, as well as assessments of new and potential technologies, products and services developed by leading companies in this field. Another important objective is to provide realistic market data and forecasts for worldwide demand of magnet products and materials.

This report starts with an overview of the chemistry and physics of magnet and the processes used to produce magnet products, and then moves on to the specific applications of magnetic materials. It describes the market’s growth, the developing technology trends, industry leaders, and applications for these magnet products in North America, Europe, Asia-Pacific, South America and the Rest of the World
(RoW).

Reasons for Doing This Study
The current demands of automotive, electronics, electrical, industrial, home appliances and medical devices around the world, especially in the Asia-Pacific, North America and Europe regions, is increasing the demands of both permanent magnets and soft magnets.

China is the world’s largest producer of all types of magnets, particularly with a high control over rare earth magnets. Due to the high degree of dependence on China for raw materials for magnets, as well as the magnets themselves, global consumers must understand the dynamics of the global industry of magnets to make informed decisions about sourcing, supplier engagement and alternatives.

A comprehensive study on the global industry of magnets and magnetic materials is extremely important in understanding the crucial role that magnets play in enabling the technologies that are important for the future, such as hybrid vehicles, “green” energy and advanced consumer electronics.

Scope of Report
The scope of this report is broad and covers two types of magnets used globally: soft magnets and permanent magnets. They have been classified in terms of their magnetic properties and their uses.

There are four types of permanent magnets based on the magnetic materials used for production: alnico, neodymium, samarium-cobalt and ferrite. Each of these is further divided on the basis of production processes, which primarily are termed sintering and bonding. The major applications of permanent magnets are in electric motors; generators; medical devices; sonic equipment, magnetic sensors and transducers; and consumer electronics.

The market for each type of permanent magnet in these applications and the market for each type of permanent magnet by region is also covered in this report. Additional breakdowns on the basis of global consumption in each end-user industry, which includes automotive, industrial, medical and home appliances, are also covered. The revenue forecasts from 2017 to 2022 are explained for each type of permanent magnet by production process, application and region.

Soft magnetic materials are divided into three types: electrical steel, soft ferrite and others. Other alloys used as soft magnetic material are amorphous alloys, nickel-iron alloys, silicon-iron alloy, iron-cobalt alloy, ferritic chromium-iron alloys and niobium-tin alloy. The major applications for soft magnetic materials are in electric motors, transformers, generators, alternators and others, which include inductors, relays and switches, antenna and filters. The end-user industry for soft magnets are electronics and telecommunications, electrical and automotive. The revenue forecasts from 2017 to 2022 of each type of soft magnets are described for each type for application, end-user industry and both by region.

The report also consists of a discussion of the major players across each of the segments; it explains the major market drivers for the global market of magnets and magnetic materials, the current trends within the industry and major end-user industries.

Information Sources
The findings and conclusions of this report are based on information gathered from both primary and secondary research sources. The primary sources of information consist of industry association data, and interviews conducted with educational hardware and software companies and distributors.

Secondary sources were also consulted for the report, comprising of industry journals and publications, product literature, white papers and technical journals, and financial reports for industry suppliers.

The base year for analysis and projection is 2016, and market projections were developed from 2017 to 2022. These projections are based on a consensus among the primary contacts combined with an understanding of the key market drivers and their impact from a historical and an analytical perspective.

The analytical methodologies used to generate the market estimates are described in detail in the market analysis. All dollar projections presented in this report are in 2016 constant dollars.

Methodology
A descriptive study has been done with a trend analysis for the global market for educational hardware and software in the academic sector with a quantitative and qualitative approach.

BCC Research collects data through various primary and secondary sources, including interviews with industry vendors, white papers, business journals, public financial proceedings and historical market data from the internet. The market data is assessed and validated considering interrelated market attributes and the impact of global economic variables.
The value of the market is then obtained through a combination of the bottom-up and top-down approaches using exclusive market modeling tools to generate BCC Research’s market data and forecasts. Estimated values used are based on manufacturers’ total revenues.

Geographic Breakdown
In this report, the geographic regions considered for market analysis are named below:

North America
• U.S.
• Mexico
• Canada

Europe
• From Greenland (Denmark) to Russia and from Norway to Greece.

Asia-Pacific
• From Afghanistan to Japan and from Mongolia to New Zealand.

South America
• From Guatemala to Chile.

RoW
• Entire Middle East countries and entire African Regions.

Chapter 2: Summary and Highlights
According to their magnetic properties, magnetic materials can be divided into two classes: soft and permanent. Soft materials are easily magnetized and demagnetized, and include electrical steel and soft ferrite, among other materials. These are widely used in transformers, generators, motors, relays, solenoids and other products. On the other hand, if the magnetic material is difficult to demagnetize, then it is referred to as a permanent (or hard) magnet.

The latter is the focus of this study, and includes hard ferrite, aluminum-nickel-cobalt, samarium-cobalt, and neodymium-iron-boron materials used in motors, audio devices, MRI, microwave apparatus and various instruments.

Magnets are an integral part of several industries, such as automotive, electrical and electronics, renewal energy and healthcare. Companies worldwide are focusing their R&D efforts on technological innovations to expand the applications of different types of magnets in several end-user industries to provide state-of-the-art as well as energy-efficient products. This report examines the global market of magnets and magnetic materials in terms of value ($ Millions) with a focus on the major subsegments and trends in the industry that will impact the market of permanent magnets and soft magnets in the next five years.

The global market for magnets and magnetic materials was valued at approximately $32.2 billion in 2016, and is estimated to grow at a year-over-year (YOY) growth rate of 7.8%, in terms of value, to reach almost $34.9 billion in 2017. Further, the market is estimated to increase at a five-year compound annual growth rate (CAGR) (2017 through 2022) of 8.2%, in terms of value, to reach over $51.7 billion in 2022.

The magnets industry has had sustained growth, from its inception in the 1940s until the last decade, when the global recession and other structural changes affected most of the consumer industries. This resulted in a slump in activity, eventually leading to a slow, and often fleeting, recovery. Nonetheless, a recovery is underway, and growth is likely to continue because of increased usage of magnetic circuit components in a variety of industrial equipment and devices.

Electromechanical devices constitute the large market for magnet materials. Large motors use ceramic magnets, soft magnetic materials, powdered iron, and, for certain military applications, samarium- cobalt (SmCo) is still the preferred magnet. For the voice coil motors (VCMs) in disc drives, the need for reduction in size and higher performance makes neodymium-iron-boron (NdFeB) magnet the preferred one.

Major players in the global market of magnets and magnetic materials in their respective regions are:
North America:
• Adams Magnetic Products Co.
• Arnold Magnetic Technologies.
• Dexter Magnetic Technologies.
• Electron Energy Corp.
• Integrated Magnetics Ltd.
• MMC Magnetics Corp.
• Stanford Magnets.
• Viona Magnetic.

Asia-Pacific:
• Advanced Technology and Materials Co. Ltd.
• Baotou Inst Magnetic New Materials Co. Ltd.
• Beijing Zhongke San Huan High-Tech Co.
• China Rare Earth Magnet Ltd.
• Clime Magnet Manufactory Co. Ltd.
• Daido Steel Co. Ltd.
• Feller Magtech.
• Fuzhou AO Magnet Electronic Co. Ltd.
• Hangzhou Best Magnet Co. Ltd.
• Hitachi Metals Ltd.
• HPMG (Hangzhou Permanent Magnet Group).
• Longze Magnet Electronic Co. Ltd.
• Ningbo Bestway Magnet Co. Ltd.
• Ningbo Co-Star Material High Tech Co. Ltd.
• Ningbo Jinke Magnetics Co. Ltd.
• Ningbo Ketian Magnet Co. Ltd.
• Ningbo Newland Magnetics Co. Ltd.
• Ningbo Ninggang Permanent Magnetic Materials Co. Ltd.
• Ningbo Sanhuan Magsound Co. Ltd.
• Ningbo Songke Magnetic Material Co. Ltd.
• Ningbo Vastsky Magnet Co. Ltd.
• Ningbo Xinfeng Magnet Industry Co. Ltd.
• Ningbo Yunsheng High-Tech Magnetics Co. Ltd.
• Ningbo Zhaobao Magnet Co. Ltd.
• Shenzhen Thinova Co. Ltd.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Global Strontium Market 2020-2024

  • $ 2500
  • December 2020
  • 120 pages

Global Strontium Market 2020-2024 The analyst has been monitoring the strontium market and it is poised to grow by 34.10 th MT during 2020-2024 progressing at a CAGR of 3% during the forecast period. ...

  • World
  • Metal Manufacturing
  • Ceramic
  • Industry analysis

ref:plp2017

Reportlinker.com © Copyright 2021. All rights reserved.

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

Make sure you don’t miss any news and follow us on