REPORT HIGHLIGHTS

REPORT HIGHLIGHTS

• In 2002, total sales of Chinese magnetic materials are estimated at nearly $3 billion. Rising at an AAGR (average annual growth rate) of 12.1%, sales will reach $5.3 billion in 2007.
• Soft magnetic materials will reach an estimated $1,915 million in 2002. At an AAGR of 9.6%, sales are expected to reach $3,028 million in 2007.
• Permanent magnetic materials sales are estimated at $1,064 million in 2002, and are expected to rise to $2,247 million in 2007 at an AAGR of 16.1%.
• By 2007, the output of the electrical steel will remain at 1,850,000 tons and the output of soft ferrite will reach 157,000 tons.
• By 2007, the output of hard ferrite and NdFeB will reach 343,000 tons and 26,700 tons, respectively, and the output of SmCo will reach 165 tons. The output of AlNiCo will remain at 4,200 tons.

REPORT SCOPE

INTRODUCTION

STUDY GOAL AND OBJECTIVES

After five decades of development, in terms of quantity, China has surpassed Japan and become first in the global magnetic materials market. Chinese magnetic materials are, however, of cheaper and lower grade. With the advantages of a cheap labor force and abundant resources, China could become a market leader and production base in the worldwide magnetic materials market. China's World Trade Organization entry will accelerate this process.

This report is of interest to magnet producers, consumers, traders and industry researchers. China is a huge potential market, competitor or partner. China has the potential to be a large supplier and a hub in the global magnet marketplace, as well as a provider of opportunities for research due to its relevantly low R&D level.

This BCC report presents a detailed analysis of the current and future magnetic materials markets for China.

To demonstrate the Chinese impact upon the global magnetic materials marketplace, this report analyzes the industry's structure, technology and products, policy and regulation, leaders, end-users, and importing and exporting. China's position in the global magnetic materials marketplace is also studied. Among the market segments covered are: NdFeB, hard ferrite, SmCo, AlNiCo, electrical steel, soft ferrite, and amorphous and nanocrystalline soft magnetic alloys etc. Market projections are provided for the period 2002 through 2007.

SCOPE AND FORMAT

This report is organized into six sections. Following this introductory section, a summary shows the market forecast of China's magnetic materials market to the year 2007. The ensuing section is an overview that provides a history review.

In terms of material types, the Market by Products section presents analyses of the Chinese market, China's position in the global marketplace and Chinese participants.

The next section analyzes the market by application and is devoted to the applications of and demand for various magnetic materials in major end-use industries.

The final section addresses the technology of China's Magnetic Materials Industry in terms of material types, covering properties, methods of manufacture, historical analyses, new developments and research and development leaders in China.

METHODOLOGY AND INFORMATION SOURCES

The material presented is based on extensive reviews of secondary sources such as technical papers, industry conferences, trade publications, industry associations, company literature, and government data.

Our final analyses and projections are based on a consensus among the secondary sources combined with our understanding of the impact of trends from a historical perspective.

All dollar data presented in this report are based on the exchange rate: U.S. $1 = RMB 8.27.

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