Key players in the Europe Alnico Magnets Market are Shin-Etsu Chemical Co., Ltd., Lynas Corporation, Ltd., Molycorp Chemicals and Oxides, Hangzhou Permanent Magnet Group & others.
(PRWEB) September 09, 2014
The Alnico Permanent Magnet market report defines and segments the concerned market in Europe with analysis and forecast of revenue.
Browse through the TOC of the European Alnico Permanent Magnet market 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 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. Alnico magnets are preferred for applications in automotive, MRI scanners, electric motors, loudspeakers, headphones, and magnetic pump couplings due to its high temperature stability, strength, and durability.
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Macroeconomic instability makes short-term forecasts more challenging. In the European region, the recession in the heavy machinery sector forecast to be moderate on account of strong output of fluid power equipment’s. This makes the picture murky for growth of the alnico magnet market in future. The demand for advanced materials that are used in automobiles, aerospace, and the manufacturing industry would continue to drive the market. Vacuumschmelze GmbH & Co. KG (Germany), Goudsmit Magnetics Group (Netherlands), and Eclipse Magnetics Ltd (U.K.) are the major companies that produce alnico permanent magnets and magnetic assemblies in Europe and Eurasia. These companies mainly focus on new product developments to accelerate their market penetration in the European alnico magnet market.
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The report covers the European alnico permanent magnet market which is segmented on basis of applications and regions. The market is applied in consumer electronics, automotive industry, medical technology, environment &energy, aerospace &defense and industrial machinery.
North America Alnico Magnets Market
The report, ‘North America 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 2012 and this growth is expected to continue in upcoming years. Consumer electronics holds a majority of the share in the North American market. The aerospace & defense and automotive markets have been witnessing the maximum growth due to increased usage of alnico magnets in electric power systems and motors in automotive sectors, and military weapons and aircraft in the aerospace & defense industry. The aerospace & defense market was valued at $ 612 thousand in 2012 and is estimated to grow at a tremendous rate for the period under consideration. The North American market is highly regulated with several associations playing a key role in the monitoring and commercialization of permanent magnet products.
Latin America Alnico Magnets Market
This report covers market trends in key countries, namely, Brazil, Argentina, and others. Brazil is the dominant country with regards to the consumption of alnico magnets in the region. Argentina’s market is estimated to experience high growth for the forecasted period. Since all the countries in the region are developing and emerging markets, construction of infrastructure and expanding banking services are characteristic of many of these nations.
This report estimates the market size of the Latin American alnico magnet market both, in terms of volume and revenue. It focuses on a detailed study of the market based on its applications in different countries. Further, as a part of qualitative analysis, the research report provides a comprehensive review of important drivers, restraints, opportunities, and key issues in the market.
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