Global Magnet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

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    Global Permanent Magnet Market Augmented by
Growing Demand from Automotive Industry

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Report Description and Highlights
Report Description
Global Permanent Magnet Market Augmented by
Growing Demand from Automotive Industry The
global permanent magnet market has witnessed a
healthy growth over the past few years. The
increasing efforts by various countries towards
reducing carbon footprints along with rising
applications of permanent magnets in automobiles
have provided a positive thrust to the market
growth. The recently published report by IMARC
Group, titled Global Magnet Market Industry
Trends, Share, Size, Growth, Opportunity and
Forecast 2018-2023, finds that the global
permanent magnet market reached a value of US 17
Billion in 2017, registering a CAGR of 7 during
2010-2017.  As permanent magnets are widely used
in the automotive industry for electric braking,
throttle and gearbox actuation and auto-clutch,
the surge in the demand for automobiles is
propelling the growth of the market. Some of the
other factors fuelling the market growth are wide
usage of permanent magnets in medical devices,
rising infrastructural developments, and
advancements in information technology and
communication. However, unfavourable economic
conditions and fluctuations in the prices of the
raw materials can adversely impact the market
growth. Looking forward, the global permanent
magnet market is expected to reach a value of
nearly US 25 Billion by 2023, at a projected
CAGR of around 6 during 2018-2023.
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Report Description and Highlights
Report Description

• Global Permanent Market Summary
• On the basis of type, ferrite magnets are the
  most popular type of permanent magnets,
  accounting for the majority of the global share.
  This can be attributed to increased corrosion
  resistance offered by these magnets. Other major
  types of permanent magnet include Neodymium Iron
  Boron (NdFeB), Aluminium Nickel Cobalt (AlNiCo)
  and Samarium Cobalt (SmCo).
• Based on application, the market has been
  segmented into computer hard disk drives (HDD),
  CD, DVD, hybrid electric vehicles, electric
  bicycles, heating, ventilating and air
  conditioners (HVAC), wind turbines and others.
• On a geographical front, China dominates the
  market, representing the largest producer and
  consumer of permanent magnets. Other major
  regions include Japan, the United States and
  Europe.
• The competitive landscape of the market has also
  been examined with some of the key players being
  Advanced Technology Materials Co. Ltd,
  VACUUMSCHMELZE GmbH Co. KG, Beijing Zhong Ke
  San Huan Hi-Tech Co. Ltd, Adams Magnetic Products
  Co., TDK Corporation, Arnold Magnetic
  Technologies, Shin-Etsu Chemical Co. Ltd. and
  Bakker Magnetics BV.
• Read more here https//www.imarcgroup.com/magnet-
  market

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Report Description and Highlights
Report Description
Product Type Insights On the basis of type,
ferrite magnets are the most popular type of
permanent magnets, accounting for the majority of
the global share. This can be attributed to
increased corrosion resistance offered by these
magnets. Other major types of permanent magnet
include Neodymium Iron Boron (NdFeB), Aluminium
Nickel Cobalt (AlNiCo) and Samarium Cobalt
(SmCo). Regional Insights On a
geographical front, China dominates the market,
representing the largest producer and consumer of
permanent magnets. Other major regions include
Japan, the United States and Europe. Want more
information about this market? Request a free
report sample https//www.imarcgroup.com/request
?typereportid565flagB
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Report Description and Highlights

• Competitive Landscape
• The competitive landscape of the market has also
  been examined with some of the key players are
• VACUUMSCHMELZE GmbH Co. KG
• Beijing Zhong Ke San Huan Hi-Tech Co. Ltd
• Adams Magnetic Products Co.
• Arnold Magnetic Technologies
• Bakker Magnetics BV
•  
• Browse more related reports 
• Neodymium-Iron-Boron Magnet Market
• https//www.imarcgroup.com/neodymium-iron-boron-ma
  gnet-manufacturing-plant
• Ferrite Magnet Market
• https//www.imarcgroup.com/ferrite-magnet-powder-m
  anufacturing-plant

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Report Description and Highlights
Report Description

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