Worldwide Magnet Market Analysed by IMARC Group in New Research Report Now Available at MarketPublishers.com18 Dec 2015 • by Natalie Aster
LONDON – To date, the world magnet market represents the industry, which generates billions of dollars. Growing and well diversified industrial applications in tandem with their limited alternatives are responsible for the current upsurge in the demand for NdFeB magnets. In the meantime, SmCo magnets are gaining ground owing to a rising expenditure on aerospace and defense products. NdFeB and SmCo are rare-earth magnets, which find applications in telephones, motors, automobiles, monitors, imaging systems, credit cards, etc. The other two types of permanent magnets are Ferrite and AlNiCo. Ferrites are presently dominating the world permanent magnets industry as they have low production costs and require less expensive raw materials.
Governments across the different countries of the world are also promoting ecologically sound technologies with a view to decreasing the amount of carbon dioxide in the atmosphere, which in turn is also poised to push up the worldwide demand of rare-earth magnets in the offing. The overall demand of permanent magnets is forecast to grow at around 8% CAGR during the forecast period.
New research report “Global Magnet Market: Industry Trends, Magnet Types, Major Markets Manufacturing and Applications” elaborated by IMARC Group offers a complete, unbiased analysis of the magnet market worldwide. The study provides statistical, and technical and analytical insights into the market. It offers an analysis of key factors driving the sector’s growth; identifies and examines the challenges faced by the industry; provides current and historical value and volume trends; offers granular market segmentation by magnet type, application and region. A discussion of the requirements for setting up a permanent magnet manufacturing plant is provided, too. Furthermore, the research report canvasses the leading players in the market and unveils its future prospects up to 2020.
Global Magnet Market: Industry Trends, Magnet Types, Major Markets Manufacturing and Applications
Published: December, 2015
Price: US$ 1,400.00
More reports by the publisher can be found at IMARC Group page.