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Published: Aug, 2016 | Pages:
77 | Publisher: Grand View Research
Industry: Materials | Report Format: Electronic (PDF)
The permanent magnet market is expected to reach USD 30.44 billion by 2024, according to a new report by Grand View Research, Inc. The market is expected to exhibit significant growth owing to increasing use of high performance products as radar arrays, fluid flow meters, door actuators and braking systems in aircraft. In addition, growing adoption of the product in space applications coupled with increasing use of magnetic systems in jets and military helicopters is expected to drive growth. However, volatile prices of the rare-earth metals such as neodymium and samarium are expected to act as a major restraint for the market growth. The increasing use of ferrite magnetsin electronics industry coupled with low procurement cost of the raw materials required in manufacturing the product is expected to augment the demand over the forecast period. In addition, abundant availability of ferrite magnetshas led to increasing use of such magnetsin low-cost applications such as magneticmotors, loudspeaker, and toys. Samarium Cobalt (SaCo) permanent magnets are expected to witness substantial growth owing to improved properties such as corrosion resistance, thermal stability and high resistance to demagnetizing effects. As a result, it is increasingly used in manufacturing magnets for use in medical devices, premium consumer electronic products, and sensors. Further key findings from the report suggest: The automotive application is expected to witness the highest growth of over 7.0% from 2016 to 2024 owing to increasing use of the product in motors, gearboxes, and alternators. Furthermore, increasing demand for automobiles by the ever growing population is expected to drive the growth of the automotive industry which in turn is expected to augment the demand for permanent magnets. Medical application is expected accounted for over 11.0% of the revenue share in 2015. Increasing use of the product in MRIs and CT-Scanners owing to improved performance is likely to drive growth. In addition, growing use of permanent magnets for drug positioning, magneto puncture, drug quality evaluation, and blood monitoring systems is expected to drive growth over the forecast period. Asia Pacific is expected to grow at a CAGR of more than 8.5% from 2016 to 2024, driven by the abundant availability of raw materials in the region. Furthermore, the market will be driven by low labor costs coupled with rapid industrialization in the developing economies such as India and Indonesia. The permanent magnets industry is highly fragmented, characterized by a large number of small manufacturers located majorly in China. Key players in the market include Hangzhou Permanent Magnets Group, Molycorp Magnequench, Hitachi Metals Ltd., Adams Magnetic Products Co., Molycorp Magnequench, Anhui Earth-Panda Advance Magnetic Material Co. Ltd, and Shin-Etsu Chemical Co. Ltd.
Table of Contents
Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Permanent Magnet Market- Industry summary and key buying criteria, 2013 - 2024 Chapter 3. Permanent Magnets Industry Outlook 3.1. Permanent Magnet Market segmentation 3.2. Permanent Magnet Market size and growth prospects, 2013 - 2024 3.3. Permanent Magnet Market - Value chain analysis 3.3.1. Vendor landscape 3.4. Raw material outlook 3.5. Technology overview 3.6. Regulatory framework 3.7. Permanent Magnet Market dynamics 3.7.1. Market driver analysis 3.7.2. Market restraint analysis 3.8. Key market opportunities - Prioritized 3.9. Industry analysis - Porter's 3.10. Permanent magnets competitive scenario, 2015 3.11. Permanent Magnet Market PESTEL analysis, 2015 Chapter 4. Permanent Magnets Material Outlook 4.1. Permanent Magnet Market share by material, 2015 & 2024 4.2. Ferrite 4.2.1. Market estimates and forecast, 2013 - 2024 4.2.2. Market estimates and forecast, by region, 2013 - 2024 4.3. NdFeB 4.3.1. Market estimates and forecast, 2013 - 2024 4.3.2. Market estimates and forecast, by region, 2013 - 2024 4.4. AlNiCo 4.4.1. Market estimates and forecast, 2013 - 2024 4.4.2. Market estimates and forecast, by region, 2013 - 2024 4.5. SmCo 4.5.1. Market estimates and forecast, 2013 - 2024 4.5.2. Market estimates and forecast, by region, 2013 - 2024 Chapter 5. Permanent Magnets Application Outlook 5.1. Permanent Magnet Market share by application, 2015 & 2024 5.2. Automotive 5.2.1. Market estimates and forecast, 2013 - 2024 5.2.2. Market estimates and forecast, by region, 2013 - 2024 5.3. Electronics 5.3.1. Market estimates and forecast, 2013 - 2024 5.3.2. Market estimates and forecast, by region, 2013 - 2024 5.4. Industrial 5.4.1. Market estimates and forecast, 2013 - 2024 5.4.2. Market estimates and forecast, by region, 2013 - 2024 5.5. Energy 5.5.1. Market estimates and forecast, 2013 - 2024 5.5.2. Market estimates and forecast, by region, 2013 - 2024 5.6. Aerospace 5.6.1. Market estimates and forecast, 2013 - 2024 5.6.2. Market estimates and forecast, by region, 2013 - 2024 5.7. Medical 5.7.1. Market estimates and forecast, 2013 - 2024 5.7.2. Market estimates and forecast, by region, 2013 - 2024 5.8. Others 5.8.1. Market estimates and forecast, 2013 - 2024 5.8.2. Market estimates and forecast, by region, 2013 - 2024 Chapter 6. Permanent Magnets Regional Outlook 6.1. Permanent Magnet Market share by region, 2015 & 2024 6.2. North America 6.2.1. Market estimates and forecast, 2013 - 2024 6.2.2. Market estimates and forecast, by material, 2013 - 2024 6.2.3. Market estimates and forecast, by application, 2013 - 2024 6.2.4. U.S. 6.2.4.1. Market estimates and forecast, by material, 2013 - 2024 6.2.4.2. Market estimates and forecast, by application, 2013 - 2024 6.2.5. Canada 6.2.5.1. Market estimates and forecast, by material, 2013 - 2024 6.2.5.2. Market estimates and forecast, by application, 2013 - 2024 6.3. Europe 6.3.1. Market estimates and forecast, by material, 2013 - 2024 6.3.2. Market estimates and forecast, by application, 2013 - 2024 6.3.3. Germany 6.3.3.1. Market estimates and forecast, by material, 2013 - 2024 6.3.3.2. Market estimates and forecast, by application, 2013 - 2024 6.4. Asia Pacific 6.4.1. Market estimates and forecast, by material, 2013 - 2024 6.4.2. Market estimates and forecast, by application, 2013 - 2024 6.4.3. India 6.4.3.1. Market estimates and forecast, by material, 2013 - 2024 6.4.3.2. Market estimates and forecast, by application, 2013 - 2024 6.4.4. Japan 6.4.4.1. Market estimates and forecast, by material, 2013 - 2024 6.4.4.2. Market estimates and forecast, by application, 2013 - 2024 6.5. China 6.5.1.1. Market estimates and forecast, by material, 2013 - 2024 6.5.1.2. Market estimates and forecast, by application, 2013 - 2024 6.6. Latin America 6.6.1. Market estimates and forecast, by material, 2013 - 2024 6.6.2. Market estimates and forecast, by application, 2013 - 2024 6.6.3. Brazil 6.6.3.1. Market estimates and forecast, by material, 2013 - 2024 6.6.3.2. Market estimates and forecast, by application, 2013 - 2024 6.7. Middle East & Africa 6.7.1. Market estimates and forecast, by material, 2013 - 2024 6.7.2. Market estimates and forecast, by application, 2013 - 2024 Chapter 7. Competitive Landscape 7.1. Adams Magnetic Products Co 7.1.1 Company Overview 7.1.2 Financial Performance 7.1.3 Product Benchmarking 7.1.4 Strategic Developments 7.2. Anhui Earth-Panda Advance Magnetic Material Co. Ltd 7.2.1. Company Overview 7.2.2. Financial Performance 7.2.3. Product Benchmarking 7.2.4. Strategic Developments 7.3. Arnold Magnetic Technologies 7.3.1. Company Overview 7.3.2. Financial Performance 7.3.3. Product Benchmarking 7.3.4. Strategic Developments 7.4. Daido Steel Co. Ltd 7.4.1. Company Overview 7.4.2. Financial Performance 7.4.3. Product Benchmarking 7.4.4. Strategic Developments 7.5. Eclipse Magnetics Ltd 7.5.1. Company Overview 7.5.2. Financial Performance 7.5.3. Product Benchmarking 7.5.4. Strategic Developments 7.6. Electron Energy Corporation 7.6.1. Company Overview 7.6.2. Financial Performance 7.6.3. Product Benchmarking 7.6.4. Strategic Developments 7.7. Goudsmit Magnetics Group. 7.7.1. Company Overview 7.7.2. Financial Performance 7.7.3. Product Benchmarking 7.7.4. Strategic Developments 7.8. Hangzhou Permanent Magnet Group 7.8.1. Company Overview 7.8.2. Financial Performance 7.8.3. Product Benchmarking 7.8.4. Strategic Developments 7.9. Hitachi Metals Ltd. 7.9.1. Company Overview 7.9.2. Financial Performance 7.9.3. Product Benchmarking 7.9.4. Strategic Developments 7.10. Molycorp Magnequench 7.10.1. Company Overview 7.10.2. Financial Performance 7.10.3. Product Benchmarking 7.10.4. Strategic Developments 7.11. Ningbo Yunsheng Co. Ltd 7.11.1. Company Overview 7.11.2. Financial Performance 7.11.3. Product Benchmarking 7.11.4. Strategic Developments 7.12. Ninggang Permanent Magnetic Materials Co. Ltd 7.12.1. Company Overview 7.12.2. Financial Performance 7.12.3. Product Benchmarking 7.12.4. Strategic Developments 7.13. Shin-Etsu Chemical Co. Ltd 7.13.1. Company Overview 7.13.2. Financial Performance 7.13.3. Product Benchmarking 7.13.4. Strategic Developments 7.14. TDK Corporation 7.14.1. Company Overview 7.14.2. Financial Performance 7.14.3. Product Benchmarking 7.14.4. Strategic Developments 7.15. Thomas & Skinner Inc. 7.15.1. Company Overview 7.15.2. Financial Performance 7.15.3. Product Benchmarking 7.15.4. Strategic Developments
List of Tables
1. Permanent Magnets - Industry Summary and Key Buying Criteria, 2013 - 2024 2. Permanent Magnet Market estimates and forecast, 2013 - 2024 (Kilo Tons) 3. Permanent Magnet Market estimates and forecast, 2013 - 2024 (USD Million) 4. Permanent Magnet Market revenue, by region, 2013 - 2024 (Kilo Tons) 5. Permanent Magnet Market revenue, by region, 2013 - 2024 (USD Million) 6. Permanent Magnet Market revenue, by material, 2013 - 2024 (Kilo Tons) 7. Permanent Magnet Market revenue, by material, 2013 - 2024 (USD Million) 8. Permanent Magnet Market revenue, by application, 2013 - 2024 (Kilo Tons) 9. Permanent Magnet Market revenue, by application, 2013 - 2024 (USD Million) 10. Vendor landscape 11. Permanent magnets - Key market driver analysis 12. Permanent magnets - Key market restraint analysis 13. Permanent magnets competitive scenario, 2015 14. Ferrite Permanent Magnet Market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million) 15. Ferrite Permanent Magnet Market volume, by region, 2013 - 2024 (Kilo Tons) 16. Ferrite Permanent Magnet Market revenue, by region, 2013 - 2024 (USD Million) 17. NdFeB Permanent Magnet Market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million) 18. NdFeB Permanent Magnet Market volume, by region, 2013 - 2024 (Kilo Tons) 19. NdFeB Permanent Magnet Market revenue, by region, 2013 - 2024 (USD Million) 20. SmCo Permanent Magnet Market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million) 21. SmCo Permanent Magnet Market volume, by region, 2013 - 2024 (Kilo Tons) 22. SmCo Permanent Magnet Market revenue, by region, 2013 - 2024 (USD Million) 23. AlNiCo Permanent Magnet Market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million) 24. AlNiCo Permanent Magnet Market volume, by region, 2013 - 2024 (Kilo Tons) 25. AlNiCo Permanent Magnet Market revenue, by region, 2013 - 2024 (USD Million) 26. North America Permanent Magnet Market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million) 27. North America Permanent Magnet Market volume, by material, 2013 - 2024 (Kilo Tons) 28. North America Permanent Magnet Market revenue, by material, 2013 - 2024 (USD Million) 29. North America Permanent Magnet Market volume, by application, 2013 - 2024 (Kilo Tons) 30. North America Permanent Magnet Market volume, by application, 2013 - 2024 (USD million) 31. U.S. Permanent Magnet Market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million) 32. U.S. Permanent Magnet Market volume, by material, 2013 - 2024 (Kilo Tons) 33. U.S. Permanent Magnet Market revenue, by material, 2013 - 2024 (USD Million) 34. U.S. Permanent Magnet Market volume, by application, 2013 - 2024 (Kilo Tons) 35. U.S. Permanent Magnet Market volume, by application, 2013 - 2024 (USD million) 36. Canada Permanent Magnet Market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million) 37. Canada Permanent Magnet Market volume, by material, 2013 - 2024 (Kilo Tons) 38. Canada Permanent Magnet Market revenue, by material, 2013 - 2024 (USD Million) 39. Canada Permanent Magnet Market volume, by application, 2013 - 2024 (Kilo Tons) 40. Canada Permanent Magnet Market volume, by application, 2013 - 2024 (USD million) 41. Europe Permanent Magnet Market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million) 42. Europe Permanent Magnet Market volume, by material, 2013 - 2024 (Kilo Tons) 43. Europe Permanent Magnet Market revenue, by material, 2013 - 2024 (USD Million) 44. Europe Permanent Magnet Market volume, by application, 2013 - 2024 (Kilo Tons) 45. Europe Permanent Magnet Market volume, by application, 2013 - 2024 (USD million) 46. Germany Permanent Magnet Market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million) 47. Germany Permanent Magnet Market volume, by material, 2013 - 2024 (Kilo Tons) 48. Germany Permanent Magnet Market revenue, by material, 2013 - 2024 (USD Million) 49. Germany Permanent Magnet Market volume, by application, 2013 - 2024 (Kilo Tons) 50. Germany Permanent Magnet Market volume, by application, 2013 - 2024 (USD million) 51. Asia Pacific Permanent Magnet Market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million) 52. Asia Pacific Permanent Magnet Market volume, by material, 2013 - 2024 (Kilo Tons) 53. Asia Pacific Permanent Magnet Market revenue, by material, 2013 - 2024 (USD Million) 54. Asia Pacific Permanent Magnet Market volume, by application, 2013 - 2024 (Kilo Tons) 55. Asia Pacific Permanent Magnet Market volume, by application, 2013 - 2024 (USD million) 56. China permanent magnets estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million) 57. China Permanent Magnet Market volume, by material, 2013 - 2024 (Kilo Tons) 58. China Permanent Magnet Market revenue, by material, 2013 - 2024 (USD Million) 59. China Permanent Magnet Market volume, by application, 2013 - 2024 (Kilo Tons) 60. China Permanent Magnet Market volume, by application, 2013 - 2024 (USD million) 61. India Permanent Magnet Market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million) 62. India Permanent Magnet Market volume, by material, 2013 - 2024 (Kilo Tons) 63. India Permanent Magnet Market revenue, by material, 2013 - 2024 (USD Million) 64. India Permanent Magnet Market volume, by application, 2013 - 2024 (Kilo Tons) 65. India Permanent Magnet Market volume, by application, 2013 - 2024 (USD million) 66. Japan Permanent Magnet Market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million) 67. Japan Permanent Magnet Market volume, by material, 2013 - 2024 (Kilo Tons) 68. Japan Permanent Magnet Market revenue, by material, 2013 - 2024 (USD Million) 69. Japan Permanent Magnet Market volume, by application, 2013 - 2024 (Kilo Tons) 70. Japan Permanent Magnet Market volume, by application, 2013 - 2024 (USD million) 71. Latin America Permanent Magnet Market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million) 72. Latin America Permanent Magnet Market volume, by material, 2013 - 2024 (Kilo Tons) 73. Latin America Permanent Magnet Market revenue, by material, 2013 - 2024 (USD Million) 74. Latin America Permanent Magnet Market volume, by application, 2013 - 2024 (Kilo Tons) 75. Latin America Permanent Magnet Market volume, by application, 2013 - 2024 (USD million) 76. Brazil Permanent Magnet Market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million) 77. Brazil Permanent Magnet Market volume, by material, 2013 - 2024 (Kilo Tons) 78. Brazil Permanent Magnet Market revenue, by material, 2013 - 2024 (USD Million) 79. Brazil Permanent Magnet Market volume, by application, 2013 - 2024 (Kilo Tons) 80. Brazil Permanent Magnet Market volume, by application, 2013 - 2024 (USD million) 81. MEA Permanent Magnet Market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million) 82. MEA Permanent Magnet Market volume, by material, 2013 - 2024 (Kilo Tons) 83. MEA Permanent Magnet Market revenue, by material, 2013 - 2024 (USD Million) 84. MEA Permanent Magnet Market volume, by application, 2013 - 2024 (Kilo Tons) 85. MEA Permanent Magnet Market volume, by application, 2013 - 2024 (USD million) 86. South Africa Permanent Magnet Market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million) 87. South Africa Permanent Magnet Market volume, by material, 2013 - 2024 (Kilo Tons) 88. South Africa Permanent Magnet Market revenue, by material, 2013 - 2024 (USD Million) 89. South Africa Permanent Magnet Market volume, by application, 2013 - 2024 (Kilo Tons) 90. South Africa Permanent Magnet Market volume, by application, 2013 - 2024 (USD million)
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