Stratistics Market Research Consulting

Permanent Magnets Market Size, Share, Analysis, Report and Forecast to 2022

Press Release   •   Feb 05, 2017 21:44 EST

Growth of global automobile industry is estimated to be a key factor driving permanent magnets market. Factors such as significant growth of automotive industry owing to rising population and technological advancement are the primary driving factors for the permanent magnets market. They are extensively used for a varied range of applications in automotives including economy and pollution control. Permanent magnets are required in components such as gearboxes, alternators and motors in their mechanism. In battery components, engine components, moving car parts and other integral systems large magnets, predominantly NdFeB and ferrite are used. However, factors such as absence of quality control spread across developing countries, variation in costs of raw materials and incompetence to undertake massive investments required in R&D and technology are hampering the growth of this market.

Changing trend towards renewable energy has also contributed to the growth of permanent magnets market. Permanent magnets play a major role in wind energy generation. As the energy is a scarce resource and demand for energy is continuously increasing, the renewable energy plays a crucial role. Permanent magnets are also used in wind turbine which is liable for generating AC electricity.

On the other hand, an unpredictable price of raw materials including Neodymium (Nd), Dysprosium (Dy), Boron (B) and Iron (Fe) is expected to hamper the market growth over the projected period. Many large scale manufacturers had to substitute NdFeB magnets with ferrite magnets for certain automotive and wind energy generation applications due to the price variation, while other medium scale and small scale companies were extensively affected, resulting in termination.

Some of the key players in permanent magnets market are Arnold Magnetic Technologies, Adams Magnetic Products Co, Dexter Magnetic Technologies Inc, Electron Energy Corporation, Hitachi Metals Ltd, Lynas Corporation Ltd, Molycorp Inc, Shin-Etsu Chemical Co. Ltd, Tengam Engineering Inc, and Ningbo Yunsheng Co. Ltd

For More, Please Visit:http://www.strategymrc.com/report/permanent-magnets-market-outlook-global-trends-forecast-and-opportunity-assessment-2014-2022

Products Covered:

  • Ferrite
  • Alnico
  • Neo (NdFeb)
  • SmCo
  • Applications Covered:
  • Electronics
  • Automotive
  • Energy Generation
  • Others
  • Regions Covered:
  • North America
  • o US

    o Canada

  • Europe
  • o Germany

    o France

    o Italy

    o UK

    o Spain

  • Asia Pacific
  • o Japan

    o China

    o India

    o Australia

    o New Zealand

    o Rest of Asia

  • Rest of the World
  • o Latin America

    o Middle East

    o Africa

    o Others

    What our report offers:

    - Market share assessments for the regional and country level segments

    - Market share analysis of the top industry players

    - Strategic recommendations for the new entrants

    - Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets

    - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

    - Strategic recommendations in key business segments based on the market estimations

    - Competitive landscaping mapping the key common trends

    - Company profiling with detailed strategies, financials, and recent developments

    - Supply chain trends mapping the latest technological advancements

    For More, Please Visit:http://www.strategymrc.com/report/permanent-magnets-market-outlook-global-trends-forecast-and-opportunity-assessment-2014-2022

    We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.