Global Magnets and Magnetic Materials Market Forcast 2022

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Global Magnets and Magnetic Materials Market
Forcast 2022
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Summary

• The global market for magnets and magnetic
  materials reached 32.2 billion in 2016. The
  market should reach 34.9 billion in 2017 and
  51.7 billion by 2022, increasing at a compound
  annual growth rate (CAGR) of 8.2 from 2017
  through 2022.
• Report Includes
• An overview of the global market for magnets and
  their materials, along with emerging technologies
  and potential business opportunities in the
  future.
• Analyses of global market trends, with data from
  2016, estimates for 2017, and projections of
  CAGRs through 2022.
• An overview of the chemistry and physics of
  magnets, and the processes to produce magnet
  products, and specific applications for magnet
  materials.
• Insight into the major end-use markets, such as
  instrumentation and other electronics, appliances
  and consumer electronics, industrial, and
  automotive.
• Information pertaining to the market's dynamics,
  including drivers, restraints, and potential
  opportunities.
• Profiles of major players in the field.

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• The global market for magnets and magnetic
  materials has been increasing at an average rate
  of 7.8, due to the demands from the intermediate
  as well as end-user industries. To assess the
  market, magnets and permanent magnets have been
  divided into four major types alnico, neodymium,
  Samarium-cobalt and ferrite/ceramic. Soft magnets
  have been divided into three types electrical
  steel, soft ferrite and other alloys.
• Alnico magnets are alloys, with aluminum (Al),
  nickel (Ni) and cobalt (Co) present in large
  amounts. These magnets primarily find their
  applications in instruments and meters,
  generators and ignition systems.
• Neodymium or neodymium-iron-boron magnets belong
  to the rare earth family of magnets (due to the
  presence of rare earth elements in these magnets
  such as neodymium and dysprosium). These magnets
  are considered the strongest magnets available in
  the world. Neodymium magnets primarily find their
  applications in electronic motors generators
  medical devices sonic equipment, magnetic
  sensors, transducers, meters and instruments
  consumer electronics (cell phones, disk drives,
  and home appliances) and others.

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• Samarium-cobalt magnets also belong to the rare
  earth family of magnets in which samarium and
  cobalt are the main elements. These magnets
  possess high magnetic properties, and the ability
  to operate under very high temperatures. These
  magnets primarily find their applications in
  industries such as automobile, marine, medical,
  and aerospace and defense.
• Ferrite magnets are also known as ceramic
  magnets. These magnets consist of iron oxide in
  addition to either barium carbonate or strontium
  as raw materials. These magnets primarily find
  their applications in sonic equipment, motors,
  magnetic separators and couplings, and other
  industrial purposes.
• The steel segment, which consists of electrical
  steel, cold-rolled lamination steel, and
  amorphous steel, has the largest market shares.
• For any application at high frequency, soft
  ferrites are used since they are ceramic
  insulators with a minimal loss of eddy current.
  These materials are ferrimagnetic, with a cubic
  crystal structure and the general composition
  would be MO.Fe2O3, where M is a transition metal
  such as nickel, manganese or zinc.

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Related Reports

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• 2017-2022 Global Top Countries Ferrite Magnets
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• 2017-2022 India Ferrite Magnets Market Report
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• 2017-2022 Japan Ferrite Magnets Market Report
  (Status and Outlook)

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Full Reports
Global Magnets and Magnetic Materials Market
Forcast 2022
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