Global Magnets and Magnetic Materials Market Insights and Forecast to 2027

Magnetic material are objects that can be magnetized or naturally hold magnetic properties. According to the ease of magnetization, magnetic materials can be classified into hard and soft. Hard magnetic materials retain their magnetism even in the absence of an applied magnetic field. Hard magnetic materials are difficult to magnetize and demagnetize. On the other hand, soft magnetic materials can be easily magnetized and demagnetized. They lose their magnetism when an external magnetic field is removed.
Environmental concerns, government support & incentives, increasing demand from end use industries, such as demand in automotive industry for electric vehicles, demand in medical devices for body scanners and others are the driving factors for the growth of the magnetic material market. Additionally, rapid industrialization, specifically in emerging economies and demand for alternative power sources, such as water turbine and wind mill are also driving the demand for magnetic material market.

Market Analysis and Insights: Global Magnets and Magnetic Materials Market
The global Magnets and Magnetic Materials market is valued at US$ XX million in 2019. The market size will reach US$ XX million by the end of 2026, growing at a CAGR of XX% during 2021-2026.

Global Magnets and Magnetic Materials Scope and Segment
Magnets and Magnetic Materials market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Magnets and Magnetic Materials market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Semi-hard magnet
Soft magnet
Permanent/hard magnet

Segment by Application
Electric motors
Transformers
Generators
Alternators
Others

By Company
Hitachi
TDK
Beijing Zhong Ke San Huan
Magnetics
Electron Energy
Ningbo Ketian Magnet
DMEGC
Hoosier Magnetics
JFE Ferrite
Master Magnetics
Molycorp
Ningbo Permanent Magnetics
Ningbo Vastsky Magnetic
Thomas & Skinner
Shin-Etsu Chemical
ThyssenKrupp Electrical Steel
Tridus Magnetics and Assemblies
Vacuumschmelze

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

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