Key players in the Latin America Alnico Magnets Market are Shin-Etsu Chemical Co., Ltd., Lynas Corporation, Ltd., Molycorp Chemicals and Oxides, Hangzhou Permanent Magnet Group & others.
(PRWEB) September 10, 2014
The Alnico Permanent Magnet Market report defines and segments the concerned market in Latin America with analysis and forecast of revenue.
Browse through the TOC of the 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 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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Latin America has experienced significant economic growth over the last decade. Its economies have flourished. Latin America is now a place of sound finances and financial systems but previously it was known for hyperinflation and economic booms & busts. The top players are investing a lot in the region which is a sign of high improvement in alnico magnets production. Latin America consists of both the developing and emerging markets which will be the target for the growing export and import of alnico magnets in the region. The largest countries in Latin America are Brazil, Mexico, Argentina, Venezuela, and Chile. The country leading this region's growth is Brazil. Since all the countries are developing and emerging markets, construction of infrastructure and expanding banking services are the major drivers of growing alnico magnets market in future. In terms of revenue, the region is lowest as compared to others, but the rapid growth of infrastructure in the economies of Latin America will also help the region have a significant growth rate in future.
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The report covers the Latin America’s 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 and 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.
Europe 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 European 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 $7,388.48 thousand in 2013 and is expected to reach $58,523.34 thousand by 2019.
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