The European alnico magnet market is witnessing high growth on an account of increasing applications, especially in the automotive and consumer electronics industries. This market was valued at $7,388.48 thousand in 2013 and is expected to reach $58,523.34 thousand by 2019.
Browse through the TOC of the European Alnico Permanent Magnet market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the market, and is supported by various tables and figures.
http://www.micromarketmonitor.com/market/europe-alnico-magnets-7524881434.html
Alnico magnets are made of alloys of aluminum, nickel, and cobalt. It also contains additional alloys such as iron, copper, titanium, and other elements to improve heat treatment in magnetic properties. Alnico magnets are manufactured using both cast and sintered processes. Sintered alnico magnets possess higher mechanical strength, but have a lower magnetic force compared to cast alnico. Alnico magnets are preferred for applications in automotive, MRI scanners, electric motors, loudspeakers, headphones, and magnetic pump couplings due to its high temperature stability, strength, and durability.
Macroeconomic instability makes short-term forecasts more challenging. In the European region, the recession in the heavy machinery sector forecast to be moderate on account of strong output of fluid power equipment’s. This makes the picture murky for growth of the alnico magnet market in future. The demand for advanced materials that are used in automobiles, aerospace, and the manufacturing industry would continue to drive the market. Vacuumschmelze GmbH & Co. KG (Germany), Goudsmit Magnetics Group (Netherlands), and Eclipse Magnetics Ltd (U.K.) are the major companies that produce alnico permanent magnets and magnetic assemblies in Europe and Eurasia. These companies mainly focus on new product developments to accelerate their market penetration in the European alnico magnet market.
The report covers the European alnico permanent magnet market which is segmented on basis of applications and regions. The market is applied in consumer electronics, automotive industry, medical technology, environment &energy, aerospace &defense and industrial machinery.
About MicroMarket Monitor
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.