Global Permanent Magnets Market is Projected to Reach $36.9 Billion by 2026 - ResearchAndMarkets.com
Aug. 28, 2018
DUBLIN--(BUSINESS WIRE)--Aug 28, 2018--The "Permanent Magnets - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to the report, the market accounted for $15.1 billion in 2017 and is expected to reach $36.89 billion by 2026 growing at a CAGR of 10.4% from 2017 to 2026.
Development & Innovation of infrastructure, increasing demand for efficiency & miniaturization and increase of the end-use industries are some of the factors propelling the market growth. However, lack of quality control in developing countries and variation in costs of raw materials are hampering the market growth.
Amongst type, the neodymium iron boron magnets segment has acquired significant growth during the forecast period due to its growing demand from the wind turbines, brushless DC motors, MRI, magnetic separation.
Based on geography, Asia Pacific is the most dominant region in the market. The demand for permanent magnet is mainly determined by the emerging country China, which is the major manufacturing center for several industries such as automotive and electronics.
South America to be the fastest-growing market for permanent magnet during the forecast period owing to the increased demand for permanent magnets in emerging countries.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Permanent Magnets Market, By Type
6 Global Permanent Magnets Market, By End-User
7 Global Permanent Magnets Market, By Geography
8 Key Developments
9 Company ProfilingAdams Magnetic Products Co. Inc. Arnold Magnetic Technologies Bunting Magnetics Co. Daido Steel Co. Ltd. Electron Energy Corporation Galaxy Magnets Hitachi Metals Ltd. Lynas Corporation Ltd. Molycorp Inc. Shin-ETSU Chemical Co. Ltd. TDK Corporation Tengam Engineering Inc. Yantai Shougang Magnetic Materials Inc. Magx America Inc. JPMF Guangdong Co. Ltd. Ningbo Co-Star Materials Hi-Tech Co. Ltd. Intermetallics Japan Corporation
For more information about this report visit https://www.researchandmarkets.com/research/x8xx65/global_permanent?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180828005663/en/
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SOURCE: Research and Markets
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PUB: 08/28/2018 01:13 PM/DISC: 08/28/2018 01:13 PM