Magnetic Materials Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-1717 | Report Format : | Status : Upcoming |

Abstract

Global Magnetic Materials Market: Overview

Magnetic materials produce a magnetic field around it, which is invisible in nature. It attracts iron and repels other magnets. Cobalt, iron, nickel, some minerals that are obtained naturally such as lodestone, and a few alloys of rare earth metals can be magnetized and get powerfully attracted to a magnet known as ferromagnetic materials. In production and distribution of electricity, the magnetic materials are used. These material are used in numerous applications, it is the chief component of many electronics and electrical devices. Permanent magnets are able to magnetize as it creates its own continual magnetic field which is used to hold notes on a refrigerator door.

Global Magnetic Materials Market: Growth Factors

The demand for magnetic materials has increased across the world due to miniaturization of power generation devices such as hydro-powered turbines and the wind generators. Developing automotive industry is the key driver of the market growth as they largely use magnetic materials in the various components such as alternators, gearbox, and pollution control. Unstable prices of the rare earth metals such as dysprosium, samarium, and neodymium which are used in the manufacturing of magnetic materials may restrain the market growth. Due to up gradation of the new technologies the application range has increased this has opened up new avenues for the magnetic materials market growth.

Global Magnetic Materials Market: Segmentation

The magnetic materials market is globally segmented on the basis of application, product, and geography. The application segment is classified into power generation, industrial, electronics, and automotive. The automotive application segment is leading globally and power generation is the second largest application segment. Permanent magnets are widely used in these applications thus increasing the demand. The product segment is bifurcated into an electromagnet and permanent magnet. The permanent magnet has contributed for the largest market share owing to its widespread usage in automotive and power generation devices. The electromagnet is employed in the development of high-speed locomotive systems, which is expected to fuel the magnetic materials market.

Global Magnetic Materials Market: Regional Analysis

Industrial expansion of the automotive industry which has taken place in the Asia-Pacific region has accounted for the largest market share for the magnetic materials. The use of magnetic materials has become very much popular in the emerging economies such as China and India due to rapid industrialization. European market shows a steady growth rate because of the slow recovery from recession. The presence of abundant rare earth metal deposits, lower investments in land & labor, and a large number of end-use industry base in China is influencing the magnetic materials market in a positive way.

Global Magnetic Materials Market: Competitive Players

Major market players dominating the magnetic materials market are Zhejiang Kaiven Magnet Company, Ningbo Vastsky Magnet, Dexter Magnetic Technologies, Tengam Engineering, A.K. Steel Holding Corporation, Shin-Etsu Chemical, and Electron Energy Corporation. Other players included in the market are Steward Advanced Materials, BGRIMM Magnetic Materials & Technology, Toshiba Materials, Hengdian Group DMEGC Magnetics, Adams Magnetic Products, GKN Sinter Metals, Sintex, Dura Magnetics, and Neo.

Global Magnetic Materials Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Silicon Metal Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2537 | Report Format:

Global Silicon Metal Market: Overview In terms of mass, silicon is the 8th most common element in the cosmos and is the 2nd most plentiful element in the crust of the Earth. It is present naturally in the silicate minerals, comprising feldspar, mica, and silica, which are main constituents of co...Read More

Bio-plastics Market (Bio-PET, Starch Blends, PLA, Bio-PA, Bio-PE and Others) for Automotive, Construction, Packaging, Consumer Goods, Electrical & Electronics and Other Applications: Global Market Perspective, Comprehensive Analysis and Forecast, 2016 – 2022

Jan-2018 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-2533 | Report Format:

The report of the bio-plastics market provides the comprehensive glance on the global and regional level. The study provides historic data of 2014 to 2016 along with a forecast from 2017 to 2022 based revenue and volume. The study includes major driving forces and restraints for the bio-plastics m...Read More

Biochemical Reagents Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2532 | Report Format:

Global Biochemical Reagents Market: Overview Biochemical reagents are referred to as the organic compounds or biological material associated with clinical diagnostics, medical research reagents, and life science research. The basic constituents of organisms removed from the organism or synthesiz...Read More

Bath Salts Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2520 | Report Format:

Global Bath Salts Market: Overview Bath salts are minerals that are soluble in water and are added during bathing to the water. They are acknowledged to cure a range of diseases and are vastly advisable by the health professionals for use on a daily basis. They aid to lessen skin issues, enhance...Read More

Glutamic Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2483 | Report Format:

Glutamic Acid Market: Overview The alternative name for the glutamic acid is proteinogenic amino acid. It is generally used in several protein compounds. They are found in the cereals, certain type of algae, meat, and soy protein. It is used in the processed food products for improving the flavo...Read More

Choose License Type:
Latest Published Reports

View All Published Reports