Key players in the North America Alnico Magnets Market are Hitachi, Shin-Etsu Chemical Co., Ltd., Lynas Corporation, Ltd., Molycorp Chemicals and Oxides, Hangzhou Permanent Magnet Group & others.
(PRWEB) September 05, 2014
The alnico permanent magnet market report defines and segments the concerned market in North America with analysis and forecast of revenue.
Browse through the TOC of the alnico permanent magnet market t report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the market, and is supported by various tables and figures.
Alnico magnets are made of alloys of aluminum, nickel, and cobalt. It also contains additional alloys such as iron, copper, titanium, and other elements to improve the heat treatment in magnetic properties. Alnico magnets are manufactured using both cast and sintered processes. Sintered alnico magnets possess higher mechanical strength, but have a lower magnetic force compared to cast alnico.
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Investors continue to find North America’s industrial market alluring, announcing expansion plans and/or forming joint ventures. The expansion in the infrastructure of the region's emerging markets for Alnico magnets facilitates growth for a period till 2018 and beyond. The North American market is the second largest market after Asia-Pacific and is having huge potential of infrastructure development in the region which is also key point to consider. In terms of revenue, the market is the second largest market but in terms of CAGR, the market is the fastest growing as compared to other regions, globally. Key markets in the region are the U.S. and Canada. Globally, this market has been one of the leaders with respect to demand and product innovation in terms of quality and application development.
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The report covers North America’s alnico permanent magnet market which is segmented on the basis of applications and regions. The market is applied in consumer electronics, automotive industry, medical technology, environment & energy, aerospace & defense, and others.
Latin America Alnico Magnets Market
Alnico magnets are made of the alloys of aluminum, nickel, and cobalt. They exhibit high magnetic strength, exceptional stability over a high temperature range, higher flux density, and high energy, which drives demand in high temperature applications such as automotive, aerospace and military sensors, MRI scanners, electric motors, and so on.
The Latin American alnico magnet market is witnessing high growth on an account of increasing applications, especially in the automotive and consumer electronics industries. This market was valued at $22,415.92 thousand in 2013 and is expected to reach $2,23,113.81 thousand by 2019.
Europe Alnico Magnets Market
The report, ‘Europe Alnico Magnets Market’, analyzes the market by application in seven major areas: consumer electronics, general industrial, automotive, medical technology, environment & energy, aerospace & defense, and others. All these applications experienced a positive growth till 2013 and this growth is expected to continue in upcoming years. With a market value of $1,700 thousand, consumer electronics holds a majority of the share in the European market. The automotive and aerospace & defense markets have been witnessing the maximum growth because of the growing trend of modernization and electrification to improve efficiency. The aerospace & defense market was valued at $204 thousand in 2013 and is estimated to grow at a tremendous rate during the period under consideration.
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