Magnetic Materials Market Poised to Reach $45 Billion by 2020 - New Report by MarketsandMarkets

Share Article

The Asia-Pacific region is projected to dominate the magnetic materials market by 2020 and account for a major share of the total market in terms of value. (http://www.marketsandmarkets.com/Market-Reports/magnetic-materials-397.html)

MarketsandMarkets

MarketsandMarkets

Major Players in the Market: Arnold Magnetic Technologies (U.S.), Electron Energy Corporation (U.S.), Hitachi Metals Ltd. (Japan), Lynas Corporation Ltd. (Australia), Molycorp Inc. (U.S.)

The report Magnetic Materials Market defines and segments the market with an analysis and forecast for types & applications by volume as well as value.

Browse 76 market data tables and 47 figures spread through 210 pages and in-depth TOC on "Magnetic Materials Market".
http://www.marketsandmarkets.com/Market-Reports/magnetic-materials-397.html
Early buyers will receive 10% customization on this report.

The global magnetic materials market is projected to reach $45 billion by 2020 and register a CAGR of 8.9% between 2015 and 2020 in terms of value.

Magnetic materials are those objects that are surrounded by a magnetic field and have the property, either natural or induced of attracting other metals. Based on type, the magnetic materials market has been classified into two key segments, namely, soft (electrical steel and soft ferrite) and permanent (alnico, hard ferrite, samarium cobalt, and neodymium iron boron) magnetic materials. Permanent magnets occupied the largest market share in 2014 and are projected to dominate the global magnetic materials market between 2015 and 2020.

The industrial, electronics, and automotive segments are estimated to be the three-largest applications of the magnetic materials market together accounting for more than 70% of the global market in 2014 in terms of value. This dominance is projected to continue be the same by 2020 due to the increasing demand of electricity coupled with rapid industrialization and need for advanced technological developments in these applications. Automotive segment is anticipated to grow at a highest rate between 2015 and 2020. Owing to wide range of applications such as gearbox, alternators, and pollution control and growing demand from Asia-Pacific region are pushing the global demand for magnetic materials in automotive application.

Request for Customization of this Report: http://www.marketsandmarkets.com/requestCustomization.asp?id=397

The Asia-Pacific region is projected to dominate the magnetic materials market by 2020 and account for a major share of the total market in terms of value. The developed regions, such as North America and Europe are estimated to have relatively slow growth rates as compared to the Asia-Pacific and RoW. Moreover, Asia-Pacific is anticipated to register a high growth rate between 2015 and 2020. The magnetic materials market in this region is experiencing growth due to the increasing demand for permanent magnets from industrial, electronics, and automotive applications.

In general, important factors those expected to drive the growth in the magnetic materials market include the growing demand of permanent magnets from automotive and energy generation application, rising need for efficiency and miniaturization, increasing initiatives of associations and regulatory bodies, and rapid industrialization in the Asia-Pacific region. Some factors, such as fluctuating raw materials cost, the high barriers of entry for new entrants, and slow economic growth in some regions are expected to restrain the growth of the magnetic materials market.

Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=397

Browse Related Reports:

Permanent Magnet Market by End User Industry (Consumer Electronics, General Industrial, Automotive, Medical Technology, Environment & Energy, Aerospace & Defense, Others), Types (NdFeB, Ferrite, SmCo, Alnico), & Geography - Trends & Forecast To 2018
http://www.marketsandmarkets.com/Market-Reports/permanent-magnet-market-806.html

Wind Turbine Composites Material Market by Resin Type (Epoxy, Polyester, Polyurethane, Vinyl Ester, Etc.), Application (Blade, Nacelle, Etc), Fiber Type (Glass Fiber Composite, Carbon Fiber) and by Region - Global Trends & Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/wind-turbine-composite-market-155405379.html

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Subscribe Reports from Chemical Domain at http://www.marketsandmarkets.com/Subscription.html

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales(at)marketsandmarkets(dot)com
Visit MarketsandMarkets Blog at http://www.marketsandmarketsblog.com/market-reports/chemical

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Mr. Rohan
@marketsmarkets
since: 04/2009
Follow >
Market Research Report
since: 12/2010
Like >
Visit website