Permanent Magnetic Materials Market Trends and Investment Feasibility Analysis Report 2022

The global Permanent Magnetic Materials Market is expected to witness high growth in forthcoming period. The market is on a striking growth curve because of increasing applications in high-ranking aircraft industry and space exploration activity. Thus, radar arrays, fluid flow meters, door actuators and braking systems in aircraft use these selective permanent magnetic materials. Spaceships and space shuttles put to good use the diverse uses of permanent magnetic devices and without losing direction permanent magnets are being used in military helicopters and magnetic systems in jets.

Restraints to the permanent magnetic materials market includes the dynamic pricing exhibited by cherished rare-earth raw materials neodymium and samarium. The growth factors for permanent magnet materials market involve the demand for permanent magnets in oil and gas, power, metals and mining and chemicals constituting growth in Asia Pacific.

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Samarium Cobalt is a permanent magnet that is expected to witness good growth in medical devices, consumer electronics products and sensors. The automotive application is about to witness large growth in motors, gearboxes and alternators. There is a very waxing need by consumers for automobiles in automotive industry and in turn this credits growth to permanent magnets industry.

The ferrite rods in use in electronics industry with low cost of obtaining raw materials in their manufacture of ferrite rods are slated to propel its demand over forecast period. The abundance of ferrite magnets has led to its use in loudspeakers, magnetic motors and toys. Neodymium magnets are used in automobiles and with major strength of auto mobile makers situated in Germany, Neodymium magnets will bolster growth in the region.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Permanent Magnetic Materials in these regions, from 2012 to 2022 (forecast), covering

• North America

• Europe

• China

• Japan

• Southeast Asia

• India

Global Permanent Magnetic Materials market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

• Vacuumschmelze Gmbh

• MMC

• Stanford Magnets

• Hitachi-metals

• Yunsheng

• Shougang

• Zhenghai

• Zhongbei

• Sanhuan

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

• Alloy Permanent Magnetic Material

• Ferrite Permanent Magnetic Material

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Permanent Magnetic Materials for each application, including

• Aerospace & Defense

• Medical

• Electronics

• Instrument

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