Global Permanent Magnets Market
Permanent Magnets are defined as magnets which retain their magnetic properties even after the absence of a magnetizing force such as inducing field or current. They have small permeability, large magnetic moments, and are the stable to external magnetic fields. Permanent magnets are also known as hard magnets. Permanent magnets internal structure generates the magnetic field and converts electrical energy to mechanical energy and vice versa. Permanent magnet includes alloy magnets, bonded magnets, and ferrite magnets which are used in various types of motors, appliances, HVAC, and loudspeakers.
Market Drivers
The rise in the use of permanent magnets for hybrid electric vehicles will propel the global permanent magnets market growth over the forecast period. These vehicles contain both an internal combustion engine and electric motor. It is also used in several components like door locks, speakers, windscreen wipers, and electric window regulators. Hence the gradually rising demand for hybrid electric vehicles will support the growth of automotive industry, thereby propelling the permanent magnet market growth. Furthermore, the increase in demand for consumer electronics considered as a driving factor which expected to drive the market growth. The growing demand for consumer electronics will raise the demand for permanent magnets in the market. They provide various benefits such as music systems, computers, laptops, televisions, and smart phones. The growing consumer preferences & advancements in technology have propelled the demand for consumer electronics, which will create growth opportunities for permanent magnets market during this forecast period.
Market Restraints
The increase in energy costs & fluctuations in the availability of raw materials such as alloys of rare-earth elements create variations in the quality of magnets & their prices. These factors are anticipated to hamper the global permanent magnets market growth.
Market Segmentation
The Global Permanent Magnets Market can be segmented on the basis of material, application and region.
On the basis of material market is material market is segmented into Ferrite, Samarium Cobalt (SmCo), Aluminum Nickel Cobalt (Alnico), and Neodymium Iron Boron (NdFeB). Further, market is segmented into application such as Consumer Goods & Electronics, Industrial, Automotive, Aerospace & Defense, Energy, Medical, and Others.
Also, the Global Permanent Magnets Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Some of the key players of global permanent magnets market are Hitachi Metals, Ltd, TDK Corporation, Daido Steel Co., Ltd., Shin-Etsu Chemical, Arnold Magnetic Technologies, Lynas Corporation Ltd., Electron Energy Corporation, Adams Magnetic Products Co., Inc., Tengam Engineering, Inc., and Bunting Magnetics Co.etc.
Market Taxonomy
By Material
By Application
By Region
Key Questions Addressed by the Report
Global Permanent Magnets Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Permanent Magnets Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Permanent Magnets Market, By Material
5.1 Y-o-Y Growth Comparison, By Material
5.2 Global Permanent Magnets Market Share Analysis, By Material
5.3 Global Permanent Magnets Market Size and Forecast, By Material
5.3.1 Ferrite
5.3.2 Samarium Cobalt (SmCo)
5.3.3 Aluminum Nickel Cobalt (Alnico)
5.3.4 Neodymium Iron Boron (NdFeB)
6 Global Permanent Magnets Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Permanent Magnets Market Share Analysis, By Application
6.3 Global Permanent Magnets Market Size and Forecast, By Application
6.3.1 Consumer Goods & Electronics
6.3.2 Industrial
6.3.3 Automotive
6.3.4 Aerospace & Defense
6.3.5 Energy
6.3.6 Medical
6.3.7 Others
7Global Permanent Magnets Market, By Region
7.1 Global Permanent Magnets Market Share Analysis, By Region
7.2 Global Permanent Magnets Market Share Analysis, By Region
7.3 Global Permanent Magnets Market Size and Forecast, By Region
8North America Permanent Magnets Market Analysis and Forecast (2020 – 2030)
8.1 Introduction
8.2 North America Permanent Magnets Market Share Analysis, By Material
8.3 North America Permanent Magnets Market Size and Forecast, By Application
8.4 North America Permanent Magnets Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9Europe Permanent Magnets Market Analysis and Forecast (2020 – 2030)
9.1 Introduction
9.2 Europe Permanent Magnets Market Share Analysis, By Material
9.3 Europe Permanent Magnets Market Size and Forecast, By Application
9.4 Europe Permanent Magnets Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Permanent Magnets Market Analysis and Forecast (2020 – 2030)
10.1 Introduction
10.2 Asia Pacific Permanent Magnets Market Share Analysis, By Material
10.3 Asia Pacific Permanent Magnets Market Size and Forecast, By Application
10.4 Asia Pacific Permanent Magnets Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America Permanent Magnets Market Analysis and Forecast (2020 – 2030)
11.1 Introduction
11.2 Latin America Permanent Magnets Market Share Analysis, By Material
11.3 Latin America Permanent Magnets Market Size and Forecast, By Application
11.4 Latin America Permanent Magnets Market Size and Forecast, By Country
12Middle East Permanent Magnets Market Analysis and Forecast (2020 – 2030)
12.1 Introduction
12.2 Middle East Permanent Magnets Market Share Analysis, By Material
12.3 Middle East Permanent Magnets Market Size and Forecast, By Application
12.4 Middle East Permanent Magnets Market Size and Forecast, By Country
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Hitachi Metals, Ltd
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 TDK Corporation
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Daido Steel Co., Ltd
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Shin-Etsu Chemical
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Arnold Magnetic Technologies
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Lynas Corporation Ltd
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Electron Energy Corporation
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Adams Magnetic Products Co., Inc
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Tengam Engineering, Inc
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Bunting Magnetics Co
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
