.png)
Permanent Magnets Market by Product and Application - Global Industry Analysis and Forecast To 2023
Published On : February 2018 Pages : 89 Category: Advanced Materials Report Code : CM02606
SEGMENTS & REGIONS:
- Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa
Industry Trend Analysis
In 2017, the global permanent magnets market was evaluated around USD billion and is expected to reach approximately USD billion by 2023 while registering itself at a compound annual growth rate (CAGR) of % over the forecast period. Rising permanent magnets demand for medical devices that are used for disease discovery, and efficient drug placing is anticipated to boost the market demand. Additionally, rising demand of extraordinary earth magnets for magnetic therapy devices and products utilized for separating white and red blood cells is projected to impact the growth positively. Growing requirement for rare earth metals like Dysprosium and Neodymium due to its advanced properties like superior saturation magnetization has contributed to extensive use in compact products with augmented pull force and superior magnetic strength. Also, growing rare earth mining in Australia and China has anticipated ensuing as a plenty of feedstock, hence promoting the market growth during the forecast years. Growing acceptance of low-cost production techniques like hydrogen decrepitation and powder method is projected to boost demand during the forecast period. Moreover, rising spending on research and development for the manufacturing of efficient low-cost production technologies and high strength magnets is predicted to drive the products to demand over the forecast years.
Product Outlook and Trend Analysis
According to product, the global market is split as; SmCo, NdFeB, AlNiCo, and Ferrite. In 2017, Neodymium Iron Boron (NdFeB) permanent magnets reported for the highest market revenue share of around %. The growing use of the product in consumer goods, renewable energy, and aerospace industries is likely to boost the market demand. Moreover, advanced properties demonstrated by the product like the ability to resist demagnetization and advanced magnetic strength are anticipated to boost the demand during the forecast years. These products are being used widely in magnetic levitation devices, door-catchers, and lifting devices due to their capability to produce well defined magnetic lines of force and high pulling force. AlNiCo permanent magnets are anticipated to experience significant growth due to their capability to endure high temperatures. Additionally, AlNiCo magnets have a small coercive factor that contributes to the easy demagnetization and magnetization of product, which makes them an ideal choice for expert magnetic testing tools like spectrometers that need constant tuning of the product.
Application Outlook and Trend Analysis
On the basis of the application, market is segmented into energy, electronics, automotive, medical, industrial, and aerospace. The electronics section is anticipated to grow at a compound annual growth rate of over % during the projected period, propelled by rising demand for sensors, electrodynamic speakers, and smartphones. Also, a major reduction in the product size is anticipated to ensue in a growing utilization of the product in compact electronic instruments. Energy production section is projected to experience a growth rate of around % during the forecast period due to rising utilization of high-strength magnets in generators of a wind turbine is predicted to boost the growth of the market over the projected period. Moreover, rising awareness about the alternative energy source along with encouraging governmental policies for wind energy production systems is likely to act as key drivers for market demand.
Regional Outlook and Trend Analysis
In 2017, China reported for a highest market share of over USD Billion and is anticipated to play a role of a major driving factor for the market during the forecast years owing to the plenty of iron and rare earth metals ores in this region. Additionally, the availability of advanced production techniques and low-cost labor is projected to boost the growth of the global market during the forecast years. The requirement for the product for automotive applications is anticipated to fuel the European market growth. Moreover, the existence of key automobile makers in Germany is estimated to boost the Neodymium magnets demand in this region. Rising demand for the magnets in industrial applications like metal & mining, chemicals, power utilities, and oil & gas along with speedy industrialization in emerging countries like Japan and India are anticipated to propel the Asia Pacific market growth. Also, growing demand for ferrite magnets due to the plenty of raw materials in the India is likely to augment the market demand during the forecast years.
Competitive Outlook and Trend Analysis
The market is distinguished by product innovations and capacity increases, and mergers & acquisitions to boost the industry share. Major market players in the global market are Shin-Etsu Chemical Co. Ltd., Daido Steel Co., Ltd, Arnold Magnetic Technologies, Hangzhou Permanent Magnet Group, Electron Energy Corporation, Molycorp Magnequench, Anhui Earth-Panda Advance Magnetic Material Co. Ltd., Hitachi Metals Ltd, TDK Corporation and Adams Magnetic Products Co.
The global permanent magnets market is segmented as follows –
By Material
- Ferrite
- Neo (NdFeB)
- SmCO
- Alnico
By Application
- Automotive
- Electronics
- Energy Generation
- Others
By Region
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- Brazil
- South Africa
- Saudi Arabia
- United Arab Emirates
o Others
Some of the key questions answered by the report are:
· What was the market size in 2017 and forecast from 2017 to 2023?
· What will be the industry market growth from 2017 to 2023?
· What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
· What are the major segments leading the market growth and why?
· Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
- Permanent Magnets Market, By Product, Estimates and Forecast, 2014-2023 ($Million)
- Ferrite
- SmCO
- Neo (NdFeB)
- Alnico
- Permanent Magnets Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
- Energy Generation
- Automotive
- Electronics
- Other Applications
- Permanent Magnets Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
- North America
- North America Permanent Magnets Market, By Country
- North America Permanent Magnets Market, By Product
- North America Permanent Magnets Market, By Application
- U.S. Permanent Magnets Market, By Product
- U.S. Permanent Magnets Market, By Application
- Canada Permanent Magnets Market, By Product
- Canada Permanent Magnets Market, By Application
- Mexico Permanent Magnets Market, By Product
- Mexico Permanent Magnets Market, By Application
-
- Europe
- Europe Permanent Magnets Market, By Country
- Europe Permanent Magnets Market, By Product
- Europe Permanent Magnets Market, By Application
- Germany Permanent Magnets Market, By Product
- Germany Permanent Magnets Market, By Application
- France Permanent Magnets Market, By Product
- France Permanent Magnets Market, By Application
- UK Permanent Magnets Market, By Product
- UK Permanent Magnets Market, By Application
- Italy Permanent Magnets Market, By Product
- Italy Permanent Magnets Market, By Application
- Spain Permanent Magnets Market, By Product
- Spain Permanent Magnets Market, By Application
- Rest of Europe Permanent Magnets Market, By Product
- Rest of Europe Permanent Magnets Market, By Application
-
- Asia-Pacific
- Asia-Pacific Permanent Magnets Market, By Country
- Asia-Pacific Permanent Magnets Market, By Product
- Asia-Pacific Permanent Magnets Market, By Application
- Japan Permanent Magnets Market, By Product
- Japan Permanent Magnets Market, By Application
- Australia Permanent Magnets Market, By Product
- Australia Permanent Magnets Market, By Application
- India Permanent Magnets Market, By Product
- India Permanent Magnets Market, By Application
- South Korea Permanent Magnets Market, By Product
- South Korea Permanent Magnets Market, By Application
- Rest of Asia-Pacific Permanent Magnets Market, By Product
- Rest of Asia-Pacific Permanent Magnets Market, By Application
- Asia-Pacific
-
- Rest of the World
- Rest of the World Permanent Magnets Market, By Country
- Rest of the World Permanent Magnets Market, By Product
- Rest of the World Permanent Magnets Market, By Application
- Brazil Permanent Magnets Market, By Product
- Brazil Permanent Magnets Market, By Application
- South Africa Permanent Magnets Market, By Product
- South Africa Permanent Magnets Market, By Application
- Saudi Arabia Permanent Magnets Market, By Product
- Saudi Arabia Permanent Magnets Market, By Application
- Turkey Permanent Magnets Market, By Product
- Turkey Permanent Magnets Market, By Application
- United Arab Emirates Permanent Magnets Market, By Product
- United Arab Emirates Permanent Magnets Market, By Application
- Others Permanent Magnets Market, By Product
- Others Permanent Magnets Market, By Application
- Rest of the World
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Rising Automotive Industry
3.2.1.2. Growing Demand for Efficiency & Miniaturization
3.2.1.3. Expansion & Modernization of Infrastructure
3.2.2. Restraints
3.2.2.1. Instability Raw Material Costs
3.2.3. Opportunities
3.2.3.1. Increasing Demand for Permanent Magnets in Hybrid Electric Vehicle
4. Permanent Magnets Market, By Product
4.1. Introduction
4.2. Global Permanent Magnets Sales, Revenue and Market Share By Product (2017-2017)
4.2.1. Global Permanent Magnets Sales and Sales Share By Product (2017-2017)
4.2.2. Global Permanent Magnets Revenue and Revenue Share By Product (2017-2017)
4.3. Permanent Magnets Market Assessment and Forecast, By Product, 2017-2023
4.4. Ferrite
4.4.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.5. SmCO
4.5.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.6. Neo (NdFeB)
4.6.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.7. Alnico
4.7.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5. Permanent Magnets Market, By Application
5.1. Introduction
5.2. Global Permanent Magnets Sales, Revenue and Market Share By Application (2017-2017)
5.2.1. Global Permanent Magnets Sales and Sales Share By Application (2017-2017)
5.2.2. Global Permanent Magnets Revenue and Revenue Share By Application (2017-2017)
5.3. The Permanent Magnets Market Assessment and Forecast, By Application, 2017-2023
5.4. Energy Generation
5.4.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.5. Automotive
5.5.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.6. Electronics
5.6.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.7. Other Applications
5.7.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6. Permanent Magnets Market, By Region
6.1. Introduction
6.2. Permanent Magnets Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6.3. Global Permanent Magnets Sales, Revenue and Market Share by Regions
6.3.1. Global Permanent Magnets Sales by Regions (2017-2017)
6.3.2. Global Permanent Magnets Revenue by Regions (2017-2017)
6.4. North America
6.4.1. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
6.4.2. North America Permanent Magnets Sales and Growth Rate (2017-2017)
6.4.3. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.4.4. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.4.5. U.S.
6.4.5.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.4.5.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.4.6. Canada
6.4.6.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.4.6.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.4.7. Mexico
6.4.7.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.4.7.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.5. Europe
6.5.1. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
6.5.2. Europe Permanent Magnets Sales and Growth Rate (2017-2017)
6.5.3. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.5.4. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.5.5. Germany
6.5.5.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.5.5.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.5.6. France
6.5.6.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.5.6.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.5.7. UK
6.5.7.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.5.7.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.5.8. Italy
6.5.8.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.5.8.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.5.9. Spain
6.5.9.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.5.9.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.5.10. Rest of Europe
6.5.10.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.5.10.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.6. Asia-Pacific
6.6.1. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
6.6.2. Asia-Pacific Permanent Magnets Sales and Growth Rate (2017-2017)
6.6.3. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.6.4. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.6.5. Japan
6.6.5.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.6.5.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.6.6. China
6.6.6.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.6.6.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.6.7. Australia
6.6.7.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.6.7.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.6.8. India
6.6.8.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.6.8.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.6.9. South Korea
6.6.9.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.6.9.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.6.10. Rest of Asia-Pacific
6.6.10.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.6.10.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.7. Rest of the World
6.7.1. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
6.7.2. Rest of the World Permanent Magnets Sales and Growth Rate (2017-2017)
6.7.3. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.7.4. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.7.5. Brazil
6.7.5.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.7.5.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.7.6. Turkey
6.7.6.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.7.6.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.7.7. Saudi Arabia
6.7.7.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.7.7.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.7.8. South Africa
6.7.8.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.7.8.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.7.9. United Arab Emirates
6.7.9.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.7.9.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6.7.10. Others
6.7.10.1. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
6.7.10.2. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7. Company Profiles
7.1. Adams Magnetic Products Co.
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Strategic Developments
7.1.4. Permanent Magnets Sales, Revenue and Market Share
7.2. Hitachi Metals Ltd.
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Strategic Developments
7.2.4. Permanent Magnets Sales, Revenue and Market Share
7.3. Arnold Magnetic Technologies
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Strategic Developments
7.3.4. Permanent Magnets Sales, Revenue and Market Share
7.4. Jiangmen Magsource New Material Co. Ltd.
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.5. Ningbo Yunsheng Co. Ltd.
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Strategic Developments
7.6. Thomas & Skinner Inc.
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.7. Daido Steel Co. Ltd.
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Strategic Developments
7.8. Electron Energy Corporation
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Strategic Developments
7.9. TDK Corporation
7.9.1. Business Overview
7.9.2. Product Portfolio
7.9.3. Strategic Developments
7.9.4. Permanent Magnets Sales, Revenue and Market Share
7.10. Goudsmit Magnetics Group
7.10.1. Business Overview
7.10.2. Product Portfolio
7.10.3. Strategic Developments
7.11. Vacuumschmelze GmbH & Co. KG
7.11.1. Business Overview
7.11.2. Product Portfolio
7.11.3. Strategic Developments
8. Global Permanent Magnets Market Competition, by Manufacturer
8.1. Global Permanent Magnets Sales and Market Share by Manufacturer (2017-2017)
8.2. Global Permanent Magnets Revenue and Market Share by Manufacturer (2017-2017)
8.3. Top 5 Permanent Magnets Manufacturer Market Share
8.4. Market Competition Trend
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Permanent Magnets Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
|
Data Collection Matrix |
Supply Side |
Demand Side |
|
Primary Data Sources |
|
|
|
Secondary Data Sources |
|
|
Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
|
Qualitative Data |
Quantitative Data (2017-2025) |
|
|