The global permanent magnet market size is estimated to reach USD 36.44 billion by 2025 driven by the increasing demand for the product from the automotive and electronic industries. Over the past few years, extraction and processing of rare earth materials have gained momentum in countries like China. However, the separation of minerals from ore is a complicated process and needs significant investment. Furthermore, fluctuating prices of rare earth materials and loopholes in supply and demand are hindering the global permanent magnets market growth.

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Market Segment by Companies, this report covers:

Adams Magnetic Products Co.Inc.
Arnold Magnetic Technologies
Daido Steel Co. Ltd.
Earth-Panda Advance Magnetic Material Co., Ltd.
Hitachi Metals Ltd.
Ningbo Yunsheng Co., Ltd.
Shin-Etsu Chemical Co., Ltd.
TDK Corporation
Tokyo Denki Kagaku Kogyo K.K.
Yantai Zhenghai Magnetic Materials Co., Ltd.
More commonly occurring rare earth elements include neodymium, cerium, and lanthanum. Readily found rare earth materials consist of praseodymium and samarium. Heavy rare earth elements are less abundant and consist of europium, holmium, thulium, gadolinium, terbium, dysprosium, erbium, lutetium, and ytterbium. Among all, neodymium-Iron-Boron (NdFeB) holds the charm in the global permanent magnet industry. In NdFeB, neodymium, dysprosium, praseodymium, and terbium are used and are used majorly generators, automobiles, etc.

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What does the report include?

The global permanent magnets market study provides an in-depth analysis of the various type and application.
Drivers, restraints and opportunities for the market have been covered in the study
The study covers the different aspects of the value chain, Porters Five Forces, and vendor landscape analysis
The global permanent magnets market report covers qualitative and quantitative analysis of the market segmented on the basis of product type and application
Historical, current and forecast market data is provided for all the segments on a country basis
The study includes detailed profiles of key participants of the market based on product offerings, geographical presence, financial performance and recent initiative
Need for clean and renewable energy is driving the global permanent magnets market demand for energy generation. In terms of revenue, energy generation is estimated to be the fastest growing segment with a CAGR of 10.9%. The superior performance of NdFeB magnets in comparison to other magnet types is driving their demand in the energy generation process. Wind turbines are the most practical and in-demand application of clean energy, hence, growing demand for wind turbines is anticipated to propel the use of rare earth permanent magnetic (REPM) materials in generators over the foreseeable future.

In terms of region, Asia Pacific is the major market revenue generator and is also estimated to be the fastest growing destination of permanent magnet products followed by the Americas. Growing demand from end-user industries, such as automobiles, consumer electronics, and energy equipment market is further expected to drive the demand for permanent magnet materials in the Asia Pacific.

Major players in the global permanent magnets market consists of Adams Magnetic Products Co., Inc., Arnold Magnetic Technologies, Daido Steel Co., Ltd., Earth-Panda Advance Magnetic Material Co., Ltd., Hitachi Metals Ltd., Ningbo Yunsheng Co., Ltd., Shin-Etsu Chemical Co., Ltd., TDK Corporation, Tokyo Denki Kagaku Kogyo K.K., and Yantai Zhenghai Magnetic Materials Co., Ltd.

Key segments of the global permanent magnets market

Product Overview, 2015-2025 (USD Million) (Kilo Tons)

Ferrite
Neo (NdFeB)
SmCO
Alnico
Application Overview, 2015-2025 (USD Million) (Kilo Tons)

Automotive
Electronics
Energy generation
Others
Regional Overview, 2015-2025 (USD Million) (Kilo Tons)

North America
U.S.
Europe
Germany
UK
Asia Pacific
Japan
China
Rest of the World
Some Points from TOC:

Executive Summary
Research Methodology
Market Outlook
Global Permanent Magnets Market Overview, By Product
Global Permanent Magnets Market Overview, By Application
Global Permanent Magnets Market Overview, By Region
Company Profiles
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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