Report 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.
Report Includes
- An overview of the global permanent magnet industry, with focus on rare earth-based permanent magnets, namely neodymium-iron-boron (NdFeB) and samarium cobalt (SmCo) magnets, along with ferrite and aluminum-nickel-cobalt (AlNiCo) magnets.
- Analyses of global market trends, with data from 2014, 2015, and projections of compound annual growth rates (CAGRs) through 2020.
- An overview of the value chains of the four types of permanent magnets, along with analysis on the various end-use industries that consume permanent magnets on a global scale.
- Identification of new applications for permanent magnet materials, such as those for electronics and computers.
- A detailed price forecast of key rare earths used in permanent magnet production using regression analysis.
- Discussion of technological issues, trends in manufacturing, U.S. markets as well as foreign competition, and end users of permanent magnets.
- A relevant patent analysis.
- Profiles of major players in the market.
Report Scope
The scope of this report is broad and covers several types of permanent magnets used globally; it is broken down into four major types based on the magnetic material used in production, which includes alnico, neodymium, samarium-cobalt and ferrite. Each type is further divided on the basis of production process, which primarily includes 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 2015 to 2020 are explained for each major type of permanent magnet by production process, applications and region, as well as each of their applications by region.
The report also includes discussion on major players across each of the subsegments; it explains the major market drivers for the global permanent magnet market, the current trends within the industry and major end-user industries for the global permanent magnet market.
Analyst Credentials
Aneesh Kumar has been a project manager and partner with BizImpact Knowledge Services, LLP, a market research and services company primarily focused on opportunities in science and technology, since 2011. Kumar manages a team focused on global market research projects, primary interviews and market forecasting. He holds a BBA from the Institute of Chartered Financial Analysts of India and is a member of the Indo-German Chambers of Commerce.
Report Highlights
The global permanent magnet market reached $15.1 billion in 2013. This market is expected to reach $22.9 billion in 2018 increasing at a compound annual growth rate (CAGR) of 8.7%.
Report Includes
- An overview of the global market for permanent magnets, which constitute an important and sophisticated class of engineering materials with a range of industrial and commercial applications.
- Analyses of global market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018.
- Identification of new applications for permanent magnet materials, such as those for electronics and computers.
- Discussion of of technological issues, trends in manufacturing, U.S. markets as well as foreign competition, and end users of permanent magnets.
- In-depth patent analysis.
Report Highlights
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The 1999 U.S. consumption of permanent magnets is estimated to reach $744 million. The market is projected to reach $1.06 billion by the year 2004 with an annual average growth rate (AAGR) of 7.5% per year.
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In terms of industry structure, there are over 50 U.S. producers of cast, sintered, and bonded permanent magnets and there is severe competition between them. Also, there is intermaterial competition because of the availability of cheap neodymium-iron-boron magnets from China. In fact, China has become a big player in the international markets.
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