Market Forecast by Application (automotive, industrial, power generation, electronics and others), by Product Type (Semi-hard magnet, soft magnet and hard magnet), By Regions (Latin America, North America, Europe, Asia Pacific, Middle East and Africa) and Competitive Landscape
Product Code: ETC054633 | Publication Date: Apr 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Global Magnetic Materials Market is expected to witness growth owing to the growing automotive industry, growth in end-use industries, development and modernization of infrastructures, rising need for miniaturization, and power generation devices such as generators and hydro-powered turbines. Furthermore, the growth is also driven by the automotive industry which utilizes magnets in various parts such as motors, switches, pollution control, gearbox, and alternators. Thus, rapid adoption of EV is expected to increase the demand for soft magnetic material for various components such as electric throttle actuation, electric steering etc. Magnetic Materials also have a vast application in the electric industry for the creation and distribution of electricity. Furthermore, increased automation in various industries would further lead to an increase in demand for magnetic materials over the forthcoming years. However, volatile raw material price is the major factor that can restrain the growth of magnetic materials in Global market.
According to 6Wresearch, Global Magnetic Materials Market size is anticipated to register growth during 2020-26. Based on regions, the Asia Pacific region is accounted for the highest revenue contribution in the overall Magnetic Materials Market. Further, North America, Europe, China are among the top contributors in the market revenues owing to rapid industrialization and growing demand from end-use industries. Further, the Asia Pacific region is expected to emerge as a potentially lucrative market for magnetic material during the forecast period, primarily due to rapid growth in the electronic and automobile industry in the region coupled with Government expenditure for the development of high-speed locomotive systems.
Increasing demand for magnetic materials in the automobile industry, electrical industry, power generation, building technologies for hospitals, life science companies, airports, hotels, utility companies, and commercial buildings of cities verticals are expected to register maximum demand over the forecast period. Based on application, the power generation sector holds the major share of market volume owing to the high usage of equipment such as motors, generators, transformers, actuators, amongst others. Moreover, Global outbreak of coronavirus pandemic has a worse impact on worldwide business but the market along with the economy is expected to recover with strong growth soon.
Global Magnetic Materials Market is estimated to witness substantial growth in the coming timeframe on the back of the growth of Automotive, Electronics, Industrial, Power Generation, Healthcare, and other commercial sectors. Moreover, based on high-quality magnetic material used in the automotive industry and the use of advanced technology will boost the demand for magnetic materials coupled with the use of soft magnetic materials due to the transition expected from fuel-based vehicle to electric vehicles in the automotive industry.
Global Magnetic Materials Market report thoroughly covers the market by product type, applications, and regions including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa, and key countries. Global Magnetic Materials Market outlook report provides an unbiased and detailed analysis of the ongoing Global Magnetic Materials market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights
Markets Covered
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Key Highlights of the Report |
2.2. Report Description |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Global Magnetic Materials Market Overview |
3.1. Global Country Macro Economic Indicators |
3.2. Global Magnetic Materials Market Revenues, 2019 & 2026F |
3.3. Global Magnetic Materials Market - Industry Life Cycle |
3.4. Global Magnetic Materials Market - Porter's Five Forces |
3.5. Global Magnetic Materials Market Revenue Share, By Product Type, 2019 & 2026F |
3.6. Global Magnetic Materials Market Revenue Share, By Application, 2019 & 2026F |
4. Global Magnetic Materials Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Global Magnetic Materials Market Trends |
6. Global Magnetic Materials Market, By Product Type |
6.1. Global Magnetic Materials Market, By Product Type |
6.1.1. Overview and Analysis |
6.1.2. Global Magnetic Materials Market Revenues, By Semi-hard Magnet, 2016 - 2026F |
6.1.3. Global Magnetic Materials Market Revenues, By Soft Magnet, 2016 - 2026F |
6.1.4. Global Magnetic Materials Market Revenues, By Hard Magnet, 2016 - 2026F |
6.2. Global Magnetic Materials Market, By Application |
6.2.1. Overview and Analysis |
6.2.2. Global Magnetic Materials Market Revenues, By Automotive, 2016 - 2026F |
6.2.3. Global Magnetic Materials Market Revenues, By Electronics, 2016 - 2026F |
6.2.4. Global Magnetic Materials Market Revenues, By Industrial, 2016 - 2026F |
6.2.5. Global Magnetic Materials Market Revenues, By Power Generation, 2016 - 2026F |
6.2.6. Global Magnetic Materials Market Revenues, By Others, 2016 - 2026F |
7. North America Magnetic Materials Market |
7.1. North America Magnetic Materials Market, By Product Type |
7.1. North America Magnetic Materials Market, By Application |
7.1. North America Magnetic Materials Market, By Regions |
8. Latin America Magnetic Materials Market |
8.1. Latin America Magnetic Materials Market, By Product Type |
8.1. Latin America Magnetic Materials Market, By Application |
8.1. Latin America Magnetic Materials Market, By Regions |
9. Europe Magnetic Materials Market |
9.1. Europe Magnetic Materials Market, By Product Type |
9.1. Europe Magnetic Materials Market, By Application |
9.1. Europe Magnetic Materials Market, By Regions |
10. Middle East Magnetic Materials Market |
10.1. Middle East Magnetic Materials Market, By Product Type |
10.1. Middle East Magnetic Materials Market, By Application |
10.1. Middle East Magnetic Materials Market, By Regions |
11. Africa Magnetic Materials Market |
11.1. Africa Magnetic Materials Market, By Product Type |
11.1. Africa Magnetic Materials Market, By Application |
11.1. Africa Magnetic Materials Market, By Regions |
12. Asia Pacific Magnetic Materials Market |
12.1. Asia Pacific Magnetic Materials Market, By Product Type |
12.1. Asia Pacific Magnetic Materials Market, By Application |
12.1. Asia Pacific Magnetic Materials Market, By Regions |
13. Global Magnetic Materials Market Key Performance Indicators |
14. Global Magnetic Materials Market - Opportunity Assessment |
14.1. Global Magnetic Materials Market Opportunity Assessment, By Product Type, 2019 & 2026F |
14.2. Global Magnetic Materials Market Opportunity Assessment, By Application, 2019 & 2026F |
15. Global Magnetic Materials Market - Competitive Landscape |
15.1. Global Magnetic Materials Market Revenue Share, By Companies, 2019 |
15.2. Global Magnetic Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
16. Company Profiles |
17. Recommendations |
18. Disclaimer |