Permanent magnets are materials that possess the ability of retaining their magnetic properties even in the absence of an external electric field. Permanent magnets are used in a wide range of applications including household equipment, electronic and medical devices, electricity generation and automobiles among others. Permanent magnets are manufactured from a magnetized material that creates its own persistent magnetic field. They are either ferromagnetic or ferrimagnetic. These include cobalt, nickel, iron and alloys of rare earth elements as well as naturally occurring minerals such as lodestone. Unlike temporary magnets such as electromagnets, permanent magnets do not lose their magnetic property unless they are heated above their Curie temperature. Permanent magnets are industrially manufactured through casting or sintering. They are also produced from magnetic metallic elements, composites and rare earth materials. Neodymium-iron-boron (NdFeB), samarium cobalt (SmCo), alnico and ferrite are some of the examples of permanent magnets used in the industry.
The report on permanent magnets provides a detailed analysis and forecast of the market on a global as well as regional level. On a global level, the market has been segmented on the basis of volume (kilo tons) and revenue (USD million) for a period of time ranging from 2013 to 2019. For an in-depth understanding of the market on the regional level, the demand has been forecasted based on volume (kilo tons) and revenue (USD million). The report includes drivers and restraints and their impact on the growth of the market within the forecast period. Furthermore, the report covers opportunities available for the growth of the market within the forecast period, on a global as well as regional level.
For a detailed understanding of the market, we have given a thorough analysis of the value chain. In addition, we have covered the Porter’s five forces model, which provides a detailed understanding of the intensity of competition present in the market. Furthermore, the study includes a market attractiveness analysis, where the applications are benchmarked based on market size, growth rate and general attractiveness.
The market has been segmented based on product and applications. The segments have been analyzed and forecast based on volume (kilo tons) and revenue (USD million) during 2013 to 2019. Additionally, the segments have been analyzed and forecast based on current trends at a 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), and the demand has been analyzed and forecast based on current trends for a period of six years. Additionally, we have provided analysis and forecast of specific countries within each region on basis of volume (kilo tons) and revenue (USD million) for a time period from 2013 to 2019.
Market estimates for this study have been based on volumes, with revenues being derived through regional pricing trends. The market has been analyzed based on expected demand and the market data for each segment is based on demand volumes and corresponding revenues. The prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors and direct selling regional producers. Market data is based on current information. Forecasts have been based on expected demand from application segments.
Profiles of certain leading companies have been covered in this report along with a detailed analysis of their market share. The study profiles companies such as Adams Magnetic Products Co., Arnold Magnetic Technologies, Dexter Magnetic Technologies, Inc., Molycorp Inc., Tengam Engineering Inc. and Vacuumschmelze among others. A competitive landscape comprising of their business strategies, SWOT analysis and recent developments in the field of permanent magnets has been provided. The market has been segmented as below:
Permanent Magnets Market: Product Segment Analysis
Permanent Magnets Market: Application Analysis
- Energy generation
- Others (Including 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:
- North America
- Rest of the World