Indonesia Permanent Magnets Market (2021-2027) | Companies, Share, COVID-19 IMPACT, Value, Forecast, Industry, Outlook, Trends, Revenue, Analysis, Size & Growth

Indonesia Permanent Magnets Market Synopsis

The Indonesia permanent magnets market will grow at a CAGR of 9% during theperiod 2021-2027. The permanent magnet is an element which retains its magnetic properties even when there is no external magnetic field present. It is used in various application such as motors compressors generators and other industrial equipment applications. The increasing demand for lightweight and high efficiency motors owing to stringent government regulations regarding automotive emissions is expected to boost theof the market in Indonesia. Moreover growing investments by industries on automation technologies are anticipated to drive the Indonesia permanent magnets marketover the projected timeframe.

Key Factors Driving the Market

Industries in Indonesia are investing significantly on automation technology due to increased labor costs along with rising demand for efficient production processes. This has resulted in significant adoption of robots and automated machines across different end-user industries that require precision components such as permanent magnets for their proper functioning. Thus increasing investments toward automation technology have been driving the demand for permanent magnets from various end userverticals including automotive transportation consumer electronics among others. Growing environmental concerns coupled with support from government authorities towards electric vehicles (EV) adoption have been propelling sales of EVs across several countries including Indonesia over past few years. Furthermore increase in disposable income level has also driven people?s preference towards purchasing luxury cars such as EV resulting into higher consumption of rare earth metals particularly neodymium iron boron (NdFeB). Owing to these factors it is estimated that increasing adoption of EVs will contribute significantly towardof global rare earth metals market and subsequently enhance salesgenerated through sale/export of rare earth materials primarily NdFeB which finds major usage within motor segment especially EV`s wherein they account for more than 50%worldwide.

Challenges Facing the Market

High cost associated with some type of rare earth elements like dysprosium or terbium has hindered mass scale utilization hence posing challenge toward faster penetration within wide range application areas thus limiting overall profitability potential earned through export/sale process.. Additionally presence stringent mining regulation mainly imposed upon China one world?s largest producer result into limited supply availability thereby augmenting prices charged by manufacturer further adding onto cost burden faced by end users eventually slowing down.

Key Market Players

PT. Isamuda Jaya Mandiri ULTRA MAGNETICS INDONESIA PT. NdFeB Magnet Indonesia PT. (Neo Mags) Balikpapan Magnetic Industries PT. (BIM) and Rizky Abadi Magnetindo are some market players.

Key Highlights of the Report:

• Indonesia Permanent Magnets Market Outlook
• Market Size of Indonesia Permanent Magnets Market, 2020
• Forecast of Indonesia Permanent Magnets Market, 2027
• Historical Data and Forecast of Indonesia Permanent Magnets Revenues & Volume for the Period 2023 - 2027
• Indonesia Permanent Magnets Market Trend Evolution
• Indonesia Permanent Magnets Market Drivers and Challenges
• Indonesia Permanent Magnets Price Trends
• Indonesia Permanent Magnets Porter's Five Forces
• Indonesia Permanent Magnets Industry Life Cycle
• Historical Data and Forecast of Indonesia Permanent Magnets Market Revenues & Volume By Material for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Permanent Magnets Market Revenues & Volume By Ferrite for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Permanent Magnets Market Revenues & Volume By Neodymium Iron Boron (NdFeB) for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Permanent Magnets Market Revenues & Volume By Aluminium Nickel Cobalt (Alnico) for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Permanent Magnets Market Revenues & Volume By Samarium Cobalt (SmCo) for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Permanent Magnets Market Revenues & Volume By Applications for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Permanent Magnets Market Revenues & Volume By Automotive for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Permanent Magnets Market Revenues & Volume By Consumer Goods & Electronics for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Permanent Magnets Market Revenues & Volume By Industrial for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Permanent Magnets Market Revenues & Volume By Aerospace & Defense for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Permanent Magnets Market Revenues & Volume By Energy for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Permanent Magnets Market Revenues & Volume By Medical for the Period 2023 - 2027
• Historical Data and Forecast of Indonesia Permanent Magnets Market Revenues & Volume By Others for the Period 2023 - 2027
• Indonesia Permanent Magnets Import Export Trade Statistics
• Market Opportunity Assessment By Material
• Market Opportunity Assessment By Applications
• Indonesia Permanent Magnets Top Companies Market Share
• Indonesia Permanent Magnets Competitive Benchmarking By Technical and Operational Parameters
• Indonesia Permanent Magnets Company Profiles
• Indonesia Permanent Magnets Key Strategic Recommendations

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