The North American 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 $17,133.55 thousand in 2013 and is expected to reach $198979.36 thousand by 2019.

Browse through the TOC of the alnico permanent magnet market t 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/north-america-alnico-magnets-1028939736.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 the 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.

Investors continue to find North America’s industrial market alluring, announcing expansion plans and/or forming joint ventures. The expansion in the infrastructure of the region Emerging Markets for Alnico magnets facilitates growth for a period till 2018 and beyond. The North American market is the second largest market after Asia-Pacific and is having huge potential of infrastructure development in the region which is also key point to consider. In terms of revenue, the market is the second largest market but in terms of CAGR, the market is the fastest growing as compared to other regions, globally. Key markets in the region are the U.S. and Canada. Globally, this market has been one of the leaders with respect to demand and product innovation in terms of quality and application development.

The report covers the North America’s alnico permanent magnet market which is segmented on the basis of applications and regions. The market is applied in consumer electronics, automotive industry, medical technology, environment &energy, aerospace &defense, and others .

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