Permanent Magnet Market Worth 22.67 Billion USD by 2021
The report "Permanent Magnet Market by Type (Neodymium Iron Boron Magnet, Ferrite Magnet, Samarium Cobalt Magnet), End-Use Industry (Consumer Electronics, General Industrial, Automotive, Medical Technology, Environment & Energy) - Global Forecast to 2021", is valued at USD 14.90 Billion in 2016 and is projected to grow at a CAGR of 8.8% to reach USD 22.67 Billion by 2021. The permanent magnet market is mainly driven by the increasing demand for efficiency and miniaturization in various applications such as switches, lifts,...
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