Albany, NY -- (SBWIRE) -- 04/16/2014 -- Permanent magnets was valued at USD 15.32 billion in 2012 and is expected to reach USD 28.70 billion in 2019, growing at a CAGR of 9.5% from 2013 to 2019. In terms of volume, the demand was 650.0 kilo tons in 2012 and is expected to be 1,168.7 kilo tons in 2019, growing at a CAGR of 8.8% from 2013 to 2019.
Browse Global Permanent Magnet Market Report with Full TOC at http://www.transparencymarketresearch.com/permanent-magnet-market.html
High demand from current & emerging applications, development, and modernization of infrastructure and increasing demand for efficiency & miniaturization are some of the factors driving the demand for permanent magnets. The growth of the automobile system is expected to be one of the vital factors driving the demand for permanent magnets over the next few years. In addition, growth of the wind energy generation industry, where magnets are used substantially, due to numerous factors such as increasing demand for cheap electricity and rising consumer awareness regarding environment protection, is expected to fuel the growth of the market within the forecast period. However, fluctuating prices of rare earth metals, particularly, neodymium and dysprosium, is expected to restraint the growth of the market in the near future. Increasing application scope of magnets in HEVs coupled with growing demand for these vehicles is expected to open opportunities for the growth of the market over the next few years.
Ferrite magnets were the most widely used permanent magnets accounting for over 80% of the global demand in 2012. Owing to ample availability, low costs and high magnetic property, the demand for ferrite magnets is expected to be substantially high over the forecast period. However, NdFeB magnets are expected to show the fastest growth over the next few years owing their growing demand in electricity generation.
Automotives accounted as the largest application segment for permanent magnets in 2012. Magnets are being increasingly used in automobiles to reduce overall weight of the vehicle by introducing the concept of miniaturization and thereby improving efficiency of vehicles. However, the demand for magnets is expected to be highest from the energy generation sector within the forecast period. Growing demand for electricity for household and industrial purposes coupled with increasing demand for clean air is expected to augment the demand for electricity generated through wind energy, which uses the highest volume of permanent magnets. Permanent magnets demand in energy generation is expected to be 90.5 kilo tons by 2019.
China dominated the permanent magnets market in 2012 followed by Asia Pacific (excluding China) owing to the growth of wind power industry. China is expected to witness the highest growth within the forecast period on account of increasing industrial activities, growth of the energy generation and rise in demand for automobiles. The demand for permanent magnets in China is expected to grow at a CAGR of 9.0% from 2013 to 2019, on account of the above mentioned factors.
The report gives a comprehensive view of the permanent magnets market in terms of volume and revenue. In addition, the report includes current demand analysis and forecast for each product and application in North America, Europe, China, Asia Pacific (excluding China) and Rest of the World. Furthermore, leading companies such as Arnold Magnetic Technologies, Hitachi Metals, Ltd., Dexter Magnetic Technologies Inc., Hitachi Metals, Ltd. and Vacuumschmelze GmbH & Co. KG have been profiled in this study. Each of these profiles includes the company’s overview, product portfolio, financial overview, business strategies, SWOT analysis and recent developments. The report comprises of the following segments:
Permanent Magnets Market: Product Segment Analysis
Permanent Magnets Market: Application Analysis
Others (Laboratories, household applications, etc.)
The report provides a cross-sectional analysis of the product and application segments mentioned above with respect to the following regions:
Rest of the World
Related & Recently Published Reports by Transparency Market Research
Optical Coatings Market (Anti-Reflective Coatings, Filter coatings, Transparent Electrodes, Reflective Coatings and Others) For Electronics, Defense/security, Infrastructure, Solar and Others Applications: Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 – 2019
The report analyses the optical coatings market. For an insightful understanding, analysis and forecast have been provided for the time period ranging from 2013 to 2019. The forecasts are on the basis of volume (kilo tons) and revenue (USD million) for both global and regional levels. In-depth analysis of the various factors driving and restraining growth of the optical coatings industry has been included. A thorough analysis of the prevailing and expected growth opportunities in the industry has been included in decision-making.
The value chain analysis comprises of a detailed evaluation of the roles of various entities involved in the optical coatings industry from raw material suppliers to the end users. In addition, Porter’s five forces model has been used to determine the degree of competition in the industry during the forecast period. Furthermore, market attractiveness analysis has been done to analyze which application segments are expected to be lucrative during the forecast period on the basis of their market size and growth rate.
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact us :
90 Sate Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453