Permanent Magnets: Technologies and Global Markets
The global permanent magnet market is expected to grow from nearly $13.4 billion in 2015 to roughly $20 billion by 2020, with a compound annual growth rate (CAGR) of 8.4% for the period of 2015-2020.
The neodymium magnet market will grow from $7.0 billion in 2015 to $10.7 billion by 2020 with a CAGR of 9.0% for the period of 2015-2020.
The ferrite magnet market will grow from $5.8 billion in 2015 to $8.6 billion by 2020 with a CAGR of 8.3% for the period of 2015-2020.
