Growing Demand for Magnetic Materials Due to Rising Automotive Industry

Magnetic materials are segmented on the basis of their properties, applications and hardness. If a material is easily magnetized and demagnetized, it is referred to as being soft magnetic. However, if the material is difficult to magnetize and demagnetize, it is referred to as semi-hard or hard.

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Albany, NY -- (SBWire) -- 04/05/2016 --Magnetic materials are objects that naturally possess magnetic properties or can be magnetized. Based on their properties and end-use, these materials can be classified as permanent or temporary. Different types of magnetic materials such as soft, hard and semi-hard are used in the magnetic materials industry. Soft magnetic materials are further bifurcated into soft ferrite and electrical steel, while hard (permanent) magnetic materials are segmented into hard ferrite, NdFeB, SmCo, and alnico. These materials are used in various applications such as automotives, electronics and energy generation.

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Research methodology

We conducted in-depth interviews and discussions with numerous key industry participants and opinion leaders for the research report. Primary research represents the bulk research effort coupled with an extensive secondary research. We reviewed key players' annual reports, product portfolio, press releases, and relevant documents for competitive analyses and better understanding of the market. Secondary research includes in-depth research on current trends, technical writing, recent trades, internet sources, trade associations, statistical data from government websites and associated authorized agency websites.

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

Company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings
Internal and external proprietary databases, and relevant patent and regulatory databases
National government documents, statistical databases and market reports
News articles, press releases, and webcasts specific to companies operating in the market.

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Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:

Provides first-hand information on market size, market trends, growth trends, competitive landscape, outlook, etc.

Helps in validating and strengthening the secondary research findings

Further develops the analysis team's expertise and market understanding

Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies.

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The report on magnetic materials provides a detailed analysis and forecast of the market on a global as well as regional level from 2013 to 2019. On the global level, the market has been segmented based on volume (kilo tons) and revenue (USD million) from 2013 to 2019. For an in-depth understanding of the market on the regional level, demand has been forecast based on volume (kilo tons) and revenue (USD million) for a time period ranging between 2013 and 2019. The report includes drivers and restraints, and their impact on the growth of the market during the forecast period. Furthermore, the report encompasses opportunities available for growth of the market on the global as well as regional level.

We have included a thorough analysis of the value chain in order to provide a detailed understanding of the market. Additionally, we have included Porter's Five Forces model, which provides an in-depth insight into the intensity of competition in the market. Furthermore, the study comprises a market attractiveness analysis, where numerous applications are benchmarked based on market size, growth rate and general attractiveness.

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The market has been segmented based on product and applications. Each such segment has been analyzed and forecast based on volume (kilo tons) and revenue (USD million) from 2013 to 2019. Additionally, the segments have been analyzed and forecast based on current trends at the global as well as regional level for the given time period. Geographically, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Demand has been analyzed and forecast based on the current trends for a period of six years.

The study features profiles of companies such as A.K. Steel Holding Corporation, Arnold Magnetic Technologies, Electron Energy Corporation, Hitachi Metals, Ltd., Lynas Corporation Ltd. and Molycorp Inc.

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