Global Magnetic Materials Market to Reach US$22.4 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Magnetic Materials market. The global Magnetic Materials market is forecast to reach US$22.4 billion by the year 2015. Key factors driving market growth include rapid technological advancements in the rare earth metals and specialty magnetic materials; development of novel materials with improved functionalities; and growing consumption levels in China. In addition, the expected increase in emerging applications such as 3G technology, LCD TV, energy-saving electrical machinery, and wind-powered electricity is expected to help magnetic materials market scale new heights.

Magnetic Materials: A Global Strategic Business Report

The recent global economic crisis resulted in a short-term slump in the global magnetic materials market during 2008-09. The future, however, remains sanguine for magnetic materials with several countries showing signs of economic recovery. The magnetic materials market is forecast to witness a significant increase in demand, driven by the evolution of new end-use applications, and consistent demand from existing end-use markets, including industrial and consumer electronics, data storage, military and aerospace, medical, power generation, and telecommunications. New technological innovations, emerging niche markets, improved electrical, magnetic, and mechanical performance of soft and hard magnetic materials, and readily available improved materials represent the major factors influencing demand for magnetic materials.

The US represents the single largest market for magnetic materials, as stated by the new market research report on Magnetic Materials. Region-wise, however, Asia-Pacific is the largest and fastest growing region for magnetic materials globally. China leads the global NdFeB magnets market. NdFeB now accounts for a significant portion of the rare earth materials consumption in China, and mainly finds use in energy and communication, medical device, electronic information, and automotive sectors. In terms of production as well, Asia holds a strong position for magnetic materials, with Japan and China specializing in the production of high-end and medium-to-low end products, respectively. The recent years witnessed several leading magnet producers from Western countries relocating manufacturing operations to low cost Asian regions, mainly China. Segment-wise, Soft Magnetic Materials represents the largest segment. Within soft magnetic materials, electrical steel occupies the lion’s share of the market, while Soft Ferrite is expected to grow at a faster rate over the analysis period 2007-2015.

Major players profiled in the report include Advanced Technology & Materials Co. Ltd., Arnold Magnetic Technologies Corp., Beijing Jingci Magnetism Technology Co., Beijing Zhong Ke San Huan Hi-Tech Co. Ltd., BGRIMM Magnetic Materials & Technology Co. Ltd., Electron Energy Corp., Hitachi Metals Ltd., Hengdian Group DMEGC Magnetics Co. Ltd., Hoosier Magnetics Inc., Jiashan Pengcheng Magnets Co Ltd., JFE Ferrite Corp., Magnetics Inc., Master Magnetics Inc., Ningbo Ketian Magnet, Ningbo Permanent Magnetics Co Ltd., among others.

The report titled "Magnetic Materials: A Global Strategic Business Report" announced by Global Industry Analysts Inc. provides a comprehensive review of the global magnetic materials market, impact of recession on the global and regional markets, current market trends, key growth drivers, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for magnetic material market for the following geographic markets – US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Key product segments analyzed include Soft Magnetic Materials (Soft Ferrite and Electrical Steel) and Permanent Magnetic Materials (Alnico Magnets, Hard Ferrite, Samarium Cobalt Magnets, and NdFeB Magnets). In addition, a seven-year (2000-2006) historic analysis is provided for additional perspective.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Magnetic_Materials_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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