Global Permanent Magnet Market Sales, Size, Demand Analysis, Growth Status, Opportunity & Forecast till 2018-2023

1. Global Permanent Magnet Market Augmented by Growing Demand from Automotive Industry Copyright © IMARC. All Rights Reserved

2. 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.

3. 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

4. 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?type=report&id=565&flag=B

5. 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-magnet-manufacturing-plant • Ferrite Magnet Market: • https://www.imarcgroup.com/ferrite-magnet-powder-manufacturing-plant

6. Report Description and Highlights Report Description © 2017 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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