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Global Permanent Magnets Market: By Type: Ferrite, Neodymium Iron Boron, Aluminum Nickel Cobalt, Samarium Cobalt; By End-Use: Hybrid Electric Vehicles, Electric Bicycles, Wind Turbines, Other Applications; Regional Analysis; Historical Market and Forecast (2016-2026); Value Chain Analysis; Competitive Landscape; Project Economics

Global Permanent Magnets Market Outlook

The global permanent magnets market attained a volume of nearly 1059 thousand tons in 2020. The market is further expected to grow at a CAGR of 4% during 2020-2026 to attain a volume of about 1289 thousand tons by 2026.

 

Permanent magnets are the basis of an increasing number of devices of modern life. They are found in or used in making almost every modern convenience today, from air-conditioners and washing machines to speakers in mobile phones and electric motors in hybrid cars.

 

Global Permanent Magnets Market

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Their ability to maintain a large magnetic flux, even in the absence of an applied magnetizing field, or upon modifications of the environment (temperature, demagnetizing field, etc.) is a unique feature that can be employed in a wide variety of applications. The market is currently being driven by an increasing focus on reducing carbon footprints, advancements in information and communication technology, increasing demand for home appliances using permanent magnets, wider usage of permanent magnets in medical devices and increasing infrastructural developments. This report by Expert Market Research, entitled “Permanent Magnets Market Report and Forecast 2021-2026”, provides a comprehensive analysis for anyone who plans to foray into the permanent magnets market.

 

Global Permanent Magnets Market By Type

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Historical market trends for the permanent magnets industry have been provided from 2016-2020 and forecasts have been presented till 2026. On a regional level, the report has segmented the global permanent magnets market into the following regions – China, Japan, USA, Europe and others. China represented the biggest consumer and producer of all types of permanent magnets in 2020, accounting for majority of the total global permanent magnet volumes. On the basis of product type, the global permanent magnets market has been segmented as ferrite, neodymium iron boron, aluminium nickel cobalt and samarium cobalt. For each of the magnet types, the report has provided both historical and future market trends, market breakup by region and end-use. Additionally, the report has analysed the global permanent magnets market on the basis of end-use. Applications in motors represented the biggest market.

 

Global Permanent Magnets Market By Region

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The value chain analysis of permanent magnets, encompassing all the activities such as procurement, manufacturing, sales and distribution, has also been covered in this report. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the permanent magnets industry has also been provided. Some of the key players in this market include Advanced Technology and Materials, Beijing Zhong Ke San Huan High-Tech, BGRIMM Magnetic Materials & Technology, Adams Magnetic Products Corp, Arnold Magnetic Technologies Corp., etc.

This report provides an exhaustive insight for setting-up and running a permanent magnets manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.

In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the permanent magnets industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.

Expert Market Research uses its comprehensive database of macroeconomic and industry-specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Region
Breakup by Type Ferrite, Neodymium Iron Boron, Aluminum Nickel Cobalt, Samarium Cobalt
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Advanced Technology & Materials Co., Ltd, Beijing Zhong Ke San Huan High-Tech Co., Ltd, BGRIMM Magnetic Materials & Technology Co., Ltd., Adams Magnetic Products Corporation, Arnold Magnetic Technologies Corporation, Bunting Magnetics Corporation, Jiashan Pengcheng Magnets Co., Ltd, Hitachi Metals America Ltd., Magnetics, Inc., Master Magnetics, Inc.
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Chapter1    Preface    
1.1    Research Methodology and Market Definitions    
1.2    Introduction    
1.3    Report Summary    
Chapter2    Global Permanent Magnet Market: Industry Overview    
2.1    Key Factors Driving the Permanent Magnet Industry    
2.2    Market Trends    
2.3    Market Breakup by Region    
2.3.1    North America
2.3.1.1    United States of America
2.3.1.2    Canada
2.3.2    Europe
 2.3.2.1    Germany
2.3.2.2    United Kingdom
2.3.2.3    France
2.3.2.4    Italy
2.3.2.5    Others
2.3.3    Asia Pacific
2.3.3.1    China
2.3.3.2    Japan
2.3.3.3    India
2.3.3.4    ASEAN
2.3.3.5    Others
2.3.4    Latin America
2.3.4.1    Brazil
2.3.4.2    Argentina
2.3.4.3    Mexico
2.3.4.4    Others
2.3.5    Middle East & Africa
2.3.5.1    Saudi Arabia
2.3.5.2    United Arab Emirates
2.3.5.3    Nigeria
2.3.5.4    South Africa
2.3.5.5    Others
2.4    Market Breakup by Type    
2.4.1    Ferrite    
2.4.2    Neodymium Iron Boron    
2.4.3    Aluminum Nickel Cobalt    
2.4.4    Samarium Cobalt 
2.5    SWOT Analysis
2.5.1     Strengths
2.5.2     Weaknesses
2.5.3     Opportunities
2.5.4     Threats   
2.6    Market Breakup by End-Use    
2.6.1    Computer Hard Disk Drives (HDD), CD, DVD    
2.6.2    Hybrid Electric Vehicles    
2.6.3    Electric Bicycles    
2.6.4    Heating, Ventilating and Air Conditioners (HVAC)    
2.7.5    Wind Turbines    
2.8.6    Other Applications    
2.7   Value Chain Analysis    
2.8    Imports and Exports    
2.9    Market Outlook    
Chapter3    Porters Five Forces Analysis    
3.1    Bargaining Power of Suppliers    
3.2    Bargaining Power of Buyers    
3.3    Threat of New Entrants    
3.4    Threat of Substitutes    
3.5    Degree of Competition    
Chapter4    Competitive Landscape    
4.1    Competitive Structure    
4.2    Capacities of Key Players    
4.3    Key Player Profiles    
4.3.1    Advanced Technology & Materials Co., Ltd    
4.3.2    Beijing Zhong Ke San Huan High-Tech  Co., Ltd    
4.3.3    BGRIMM Magnetic Materials & Technology Co., Ltd.    
4.3.4    Adams Magnetic Products Corporation    
4.3.5    Arnold Magnetic Technologies Corporation    
4.3.6    Bunting Magnetics Corporation    
4.3.7    Jiashan Pengcheng Magnets Co., Ltd    
4.3.8    Hitachi Metals America Ltd.    
4.3.9    Magnetics, Inc.    
4.3.10    Master Magnetics, Inc.    
Chapter5    Setting Up a Permanent Magnet Manufacturing Plant    
5.1    Key Success and Risk Factors for Manufacturing Permanent Magnet    
5.2    Products Manufactured: Introduction and Specification    
5.3    Manufacturing Process Involved    
5.4    Process Flow    
5.4.1    Ferrite    
5.4.2    Neodymium Iron Boron (NdFeB)    
5.4.3    Samarium Cobalt (SmCo)    
5.5    Raw Material Requirements and Mass Balance    
5.5.1    Ferrite    
5.5.2    Neodymium Iron Boron (NdFeB)    
5.5.3    Samarium Cobalt (SmCo)    
Chapter6    Capital Investment    
6.1    Land Requirements and Investment    
6.2    Construction Requirements and Investment    
6.3    Machinery Requirements and Investment    
6.3.1    Ferrite    
6.3.2    Neodymium Iron Boron    
6.3.3    Samarium Cobalt    
6.4    Other Capital Requirements and Investment    
Chapter7    Operating Expenditures    
7.1    Raw Material Requirements and Expenditures    
7.2    Packaging Requirements and Costs    
7.3    Labour Requirements and Costs    
7.4    Transportation Requirements and Costs    
7.5    Utility Requirements and Costs    
7.6    Financial Support    
7.7    Other Operating Expenditures    
Chapter8    Project Economics    
8.1    Techno-Economic Parameters    
8.2    Product Pricing and Margins    
8.3    Income Projections    
8.4    Expenditure Projections    
8.5    Taxation    
8.6    Depreciation    
8.7    Financial Analysis    

List of Figures

Figure 1 1: Magnetic Materials: History    
Figure 2 1: Global Permanent Magnet Market: Consumption Volume Trend (in 000’ Metric Tons), 2016-2020
Figure 2 2: Global Permanent Magnet Market: Consumption Value Trend (in Million USD), 2016-2020
Figure 2 3: Global Permanent Magnet Market: Production Volume Breakup by Region (in %), 2016-2020
Figure 2 4: Global Permanent Magnet Market Forecast: Production Breakup by Region (in %), 2021-2026
Figure 2 5: China Permanent Magnet Market: Production Volume Breakup by Magnet Type (in %), 2016-2020   
Figure 2 6: China Permanent Magnet Market Forecast: Production Volume Breakup by Magnet Type (in %), 2021-2026
Figure 2 7: Japan Permanent Magnet Market: Production Volume Breakup by Magnet Type (in %), 2016-2020
Figure 2 8: Japan Permanent Magnet Market Forecast: Production Volume Breakup by Magnet Type (in %), 2021-2026
Figure 2 9: USA Permanent Magnet Market: Production Volume Breakup by Magnet Type (in %), 2016-2020
Figure 2 10: USA Permanent Magnet Market Forecast: Production Volume Breakup by Magnet Type (in %), 2021-2026
Figure 2 11: Europe Permanent Magnet Market: Production Volume Breakup by Magnet Type (in %), 2016-2020
Figure 2 12: Europe Permanent Magnet Market Forecast: Production Volume Breakup by Magnet Type (in %), 2021-2026
Figure 2 13: Rest of the World Permanent Magnet Market: Production Volume Breakup by Magnet Type (in %), 2016-2020
Figure 2 14: Rest of the World Permanent Magnet Market Forecast: Production Volume Breakup by Magnet Type (in %), 2021-2026
Figure 2 15: Global Permanent Magnet Market: Consumption Volume Breakup by Magnet Type (in %), 2016-2020
Figure 2 16: Global Permanent Magnet Market: Consumption Value Breakup by Magnet Type (in %), 2016-2020
Figure 2 17: Global Ferrite Magnet Market: Consumption Volume Trend (in Metric Tons), 2016-2020
Figure 2 18: Global Ferrite Magnet Market: Consumption Value Trend (in Million USD), 2016-2020
Figure 2 19: Global Ferrite Magnet Market: Consumption Volume Breakup by Region (in %), 2016-2020
Figure 2 20: Global Ferrite Magnet Market: Breakup by Application (in %), 2020
Figure 2 21: Global Ferrite Magnet Market Forecast: Consumption Volume (in Metric Tons), 2021-2026
Figure 2 22: Global Ferrite Magnet Market Forecast: Consumption Value (in Million USD), 2021-2026
Figure 2 23: Global Ferrite Magnet Market Forecast: Consumption Breakup by Region (in %), 2021-2026
Figure 2 24: Global Neodymium Iron Boron (NdFeB) Magnet Market: Consumption Volume Trend (in Metric Tons), 2016-2020
Figure 2 25: Global Neodymium Iron Boron (NdFeB) Magnet Market: Consumption Value Trend (in Million USD), 2016-2020  
Figure 2 26: Global Neodymium Iron Boron (NdFeB) Magnet Market: Consumption Volume Breakup by Region (in %), 2016-2020
Figure 2 27: Global Neodymium Iron Boron (NdFeB) Magnet Market: Breakup by Application (in %), 2020
Figure 2 28: Global Neodymium Iron Boron (NdFeB) Magnet Market Forecast: Consumption Volume (in Metric Tons), 2021-2026
Figure 2 29: Global Neodymium Iron Boron (NdFeB) Magnet Market Forecast: Consumption Value (in Million USD), 2021-2026
Figure 2 30: Global Neodymium Iron Boron (NdFeB) Magnet Market Forecast: Consumption Volume Breakup by Region (in %), 2021-2026
Figure 2 31: Global Aluminium Nickel Cobalt (AlNiCo) Magnet Market: Consumption Volume Trend (in Metric Tons), 2016-2020
Figure 2 32: Global Aluminium Nickel Cobalt (AlNiCo) Magnet Market: Consumption Value Trend (in Million USD), 2016-2020
Figure 2 33: Global Aluminium Nickel Cobalt (AlNiCo) Magnet Market: Consumption Volume Breakup by Region (in %), 2016-2020
Figure 2 34: Global Aluminium Nickel Cobalt (AlNiCo) Magnet Market Forecast: Consumption Volume (in Metric Tons), 2021-2026
Figure 2 35: Global Aluminium Nickel Cobalt (AlNiCo) Magnet Market Forecast: Consumption Value (in Million USD), 2021-2026
Figure 2 36: Global Aluminium Nickel Cobalt (AlNiCo) Magnet Market Forecast: Consumption Volume Breakup by Region (in %), 2021-2026
Figure 2 37: Global Samarium Cobalt (SmCo) Magnet Market: Consumption Volume Trend (in Metric Tons), 2016-2020
Figure 2 38: Global Samarium Cobalt (SmCo) Magnet Market: Consumption Value Trend (in Million USD), 2016-2020
Figure 2 39: Global Samarium Cobalt (SmCo) Magnet Market: Consumption Volume Breakup by Region (in %), 2016-2020
Figure 2 40: Global Samarium Cobalt (SmCo) Magnet Market Forecast: Consumption Volume (in Metric Tons), 2021-2026
Figure 2 41: Global Samarium Cobalt (SmCo) Magnet Market Forecast: Consumption Value (in Million USD), 2021-2026
Figure 2 42: Global Samarium Cobalt (SmCo) Magnet Market Forecast: Consumption Volume Breakup by Region (in %), 2021-2026
Figure 2 43: Global Ferrite Magnet Market: Breakup by End-Use (in %), 2021
Figure 2 44: Global Neodymium Iron Boron (NdFeB) Magnet Market: Breakup by End-Use (in %), 2021    
Figure 2 45: Global Hard Disk Drive Market: Shipment Volume Trends (in Million Units), 2016 & 2021
Figure 2 46: Global Hard Disk Drive Market Forecast: Shipment Volume (in Million Units), 2021-2026
Figure 2 47: Global Hybrid Electric Vehicle Market: Consumption Volume Trends (in Numbers), 2016-2020
Figure 2 48: Global Hybrid Electric Vehicle Market Forecast: Consumption Volume (in Numbers), 2021-2026
Figure 2 49: Global Electric Bicycles Market: Consumption Volume Trends (in Million Units), 2016-2020
Figure 2 50: Global Electric Bicycles Market Forecast: Consumption Volume (in Million Units), 2021-2026
Figure 2 51: Global Air Conditioners Market: Consumption Volume Trend (in Million Units), 2016-2020
Figure 2 52: Global Air Conditioners Market Forecast: Consumption Volume (in Million Units), 2021-2026
Figure 2 53: Global Wind Power Market: Capacity Trend (in GW), 2016-2020
Figure 2 54: Global Wind Power Market Forecast: Capacity (in GW), 2021-2026
Figure 2 55: Global Permanent Magnet Market: Value Chain Analysis    
Figure 2 56: Global Permanent Magnet Market Forecast: Consumption Volume (in 000’ Metric Tons), 2021-2026
Figure 2 57: Global Permanent Magnet Market Forecast: Consumption Volume Breakup by Magnet Type (in %), 2021-2026
Figure 2 58: Global Permanent Magnet Market Forecast: Consumption Value (in Million USD), 2021-2026
Figure 2 59: Global Permanent Magnet Market Forecast: Consumption Value Breakup by Magnet Type (in %), 2021-2026
Figure 5 1: Ferrite Magnet Powder Manufacturing Plant: Detailed Process Flow    
Figure 5 2: Neodymium Iron Boron Magnets Manufacturing Plant: Detailed Process Flow    
Figure 5 3: Samarium Cobalt Magnets Manufacturing Plant: Detailed Process Flow    
Figure 5 4: Ferrite Magnet Powder Manufacturing Plant: Conversion Rate of Feedstocks    
Figure 5 5: Neodymium Iron Boron (NdFeB) Magnet Manufacturing Plant: Conversion Rate of Feedstocks    
Figure 5 6: Samarium-Cobalt (SmCo) Magnet Manufacturing Plant: Conversion Rate of Feedstocks
Figure 6 1: Permanent Magnets Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 7 1: Permanent Magnets Manufacturing Plant: Magnets Packaging    
Figure 8 1: Permanent Magnets Manufacturing Plant: Breakup of Operating Costs (in %)    

List of Tables

Table 1 1: Permanent Magnets: Major End-Use    
Table 1 2: Permanent Magnets: Overview    
Table 2 1: Global Permanent Magnet Market: Production Volume Breakup by Region (in Metric Tons), 2016-2020
Table 2 2: Global Permanent Magnet Market Forecast: Production Volume Breakup by Region (in Metric Tons), 2021-2026
Table 2 3: China Permanent Magnet Market: Production Volume Breakup by Magnet Type (in Metric Tons), 2016-2020
Table 2 4: China Permanent Magnet Market Forecast: Production Volume Breakup by Magnet Type (in Metric Tons), 2021-2026
Table 2 5: Japan Permanent Magnet Market: Production Volume Breakup by Magnet Type (in Metric Tons), 2016-2020   
Table 2 6: Japan Permanent Magnet Market Forecast: Production Volume Breakup by Magnet Type (in Metric Tons), 2021-2026
Table 2 7: USA Permanent Magnet Market: Production Volume Breakup by Magnet Type (in Metric Tons), 2016-2020    
Table 2 8: USA Permanent Magnet Market Forecast: Production Volume Breakup by Magnet Type (in Metric Tons), 2021-2026
Table 2 9: Europe Permanent Magnet Market: Production Volume Breakup by Magnet Type (in Metric Tons), 2016-2020
Table 2 10: Europe Permanent Magnet Market Forecast: Production Volume Breakup by Magnet Type (in Metric Tons), 2021-2026
Table 2 11: Rest of the World Permanent Magnet Market: Production Volume Breakup by Magnet Type (in Metric Tons), 2016-2020    
Table 2 12: Rest of the World Permanent Magnet Market Forecast: Production Volume Breakup by Magnet Type (in Metric Tons), 2021-2026
Table 2 13: Global Permanent Magnet Market: Consumption Volume Breakup by Magnet Type (in Metric Tons), 2016-2020
Table 2 14: Global Permanent Magnet Market: Consumption Value Breakup by Magnet Type (in Million USD), 2016-2020    
Table 2 15: Global Ferrite Magnet Market: Consumption Volume Breakup by Region (in Metric Tons), 2016-2020
Table 2 16: Global Ferrite Magnet Market Forecast: Consumption Volume Breakup by Region (in Metric Tons), 2021-2026
Table 2 17: Global Neodymium Iron Boron (NdFeB) Magnet Market: Consumption Volume Breakup by Region (in Metric Tons), 2016-2020    
Table 2 18: Global Neodymium Iron Boron (NdFeB) Magnet Market Forecast: Consumption Volume Breakup by Region (in Metric Tons), 2021-2026
Table 2 19: Global Aluminium Nickel Cobalt (AlNiCo) Magnet Market: Consumption Volume Breakup by Region (in Metric Tons), 2016-2020
Table 2 20: Global Aluminium Nickel Cobalt (AlNiCo) Magnet Market Forecast: Consumption Breakup by Region (in Metric Tons), 2021-2026
Table 2 21: Global Samarium Cobalt (SmCo) Magnet Market: Consumption Volume Breakup by Region (in Metric Tons), 2016-2020
Table 2 22: Global Samarium Cobalt (SmCo) Magnet Market Forecast: Consumption Volume Breakup by Region (in Metric Tons), 2021-2026
Table 2 23: Global Permanent Magnet Market: Import Value of Major Countries (in 000’ USD), 2016-2020
Table 2 24: Global Permanent Magnet Market: Export Value of Major Countries (in 000’ USD), 2016-2020    
Table 2 25: Global Permanent Magnet Market Forecast: Consumption Volume Breakup by Magnet Type (in Metric Tons), 2021-2026
Table 2 26: Global Permanent Magnet Market Forecast: Consumption Value Breakup by Magnet Type (in Million USD), 2021-2026
Table 4 1: China Permanent Magnets Market: Production Capacities of Top Manufacturers (in Metric Tons), 2021
Table 4 2: USA Permanent Magnets Market: Production Capacities of Top Manufacturers (in Metric Tons), 2021  
Table 4 3: Japan Permanent Magnets Market: Production Capacities of Top Manufacturers (in Metric Tons), 2021    
Table 4 4: Europe Permanent Magnets Market: Production Capacities of Top Manufacturers (in Metric Tons), 2021    
Table 6 1: Permanent Magnets Manufacturing Plant: Capital Costs (in USD)
Table 6 2: Permanent Magnets Manufacturing Plant: Land Requirements and Costs (in USD)    
Table 6 3: Permanent Magnets Manufacturing Plant: Construction Requirements and Costs (in USD)
Table 6 4: Ferrite Magnet Powder Manufacturing Plant: Machinery Requirements and Costs (in USD)
Table 6 5: Ferrite Magnet Powder Manufacturing Plant: Summary of Costs Related to Plant Machinery (in USD)    
Table 6 6: NdFeB Magnets Manufacturing Plant: Machinery Requirements and Costs (in USD)    
Table 6 7: Samarium Cobalt Magnets Manufacturing Plant: Machinery Requirements and Costs (in USD)    
Table 7 1: Permanent Magnets Manufacturing Plant: Raw Material Requirements and Costs (in Tons/Year)    
Table 7 2: Permanent Magnets Manufacturing Plant: Labour Requirements and Costs (in USD)    
Table 7 3: Permanent Magnets Manufacturing Plant: Utility Requirements and Costs (in USD)    
Table 7 4: Overview of Financial Support    
Table 8 1: Permanent Magnets Manufacturing Plant: Various Techno-Economic Parameters    
Table 8 2: Permanent Magnets Manufacturing Plant: Income Projections (in USD)    
Table 8 3: Permanent Magnets Manufacturing Plant: Expenditure Projections (in USD)    
Table 8 4: Permanent Magnets Manufacturing Plant: Cash Flow Analysis (Without Considering Taxes)
Table 8 5: Permanent Magnets Manufacturing Plant: Cash Flow Analysis (On Considering Taxes)    

Key Questions Answered in the Report

The global permanent magnets market witnessed a growth at a CAGR of about 4% between 2020 and 2026.

The major drivers of the market, such as the rising disposable incomes, increasing population, and the rising demand for end-use products, are expected to aid the industry growth.

The increasing demand for smart phones is expected to define the market growth in the coming years.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the major regions in the market.

The leading types of permanent magnets in the market are ferrite, neodymium iron boron, aluminium nickel cobalt, and samarium cobalt.

The major end-use sectors for permanent magnets in the industry are computer hard disk drives (HDD), CD, DVD, hybrid electric vehicles, electric bicycles, heating, ventilating and air conditioners (HVAC), and wind turbines, among others.

The major players in the market are Advanced Technology & Materials Co., Ltd, Beijing Zhong Ke San Huan High-Tech  Co., Ltd, BGRIMM Magnetic Materials & Technology Co., Ltd., Adams Magnetic Products Corporation, Arnold Magnetic Technologies Corporation, Bunting Magnetics Corporation, Jiashan Pengcheng Magnets Co., Ltd, Hitachi Metals America Ltd., Magnetics, Inc., and Master Magnetics, Inc.

Analyst Review

The global permanent magnets market reached a volume of nearly 1059 thousand tons in 2020, driven by the rising disposable incomes, increasing population, and rising demand for end-use products. The industry is expected to witness a further growth at a CAGR of 4% during 2020-2026 to attain about 1289 thousand tons by 2026. The industry is projected to be driven by the increasing demand for smart phones.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of types, the market is divided into ferrite, neodymium iron boron, aluminium nickel cobalt and samarium cobalt. Based on end-use sectors, the market is segmented into computer hard disk drives (HDD), CD, DVD, hybrid electric vehicles, electric bicycles, heating, ventilating and air conditioners (HVAC), and wind turbines, among others. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Advanced Technology & Materials Co., Ltd, Beijing Zhong Ke San Huan High-Tech  Co., Ltd, BGRIMM Magnetic Materials & Technology Co., Ltd., Adams Magnetic Products Corporation, Arnold Magnetic Technologies Corporation, Bunting Magnetics Corporation, Jiashan Pengcheng Magnets Co., Ltd, Hitachi Metals America Ltd., Magnetics, Inc., and Master Magnetics, Inc.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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