Permanent Magnets Market Analysis By Product (Ferrite, Neo (NdFeB), SmCO, Alnico), By Application (Automotive, Electronics, Energy Generation) And Segment Forecasts To 2020

Published: Jan, 2014 | Pages: 80 | Publisher: Grand View Research
Industry: Materials | Report Format: Electronic (PDF)

Global Permanent Magnets Market Expected to Reach USD 31.18 Billion by 2020
January 2014
San Francisco, January 22, 2014 - The global market for permanent magnets is expected to reach USD 31.18 billion by 2020. Growth of global automobile industry is expected to be a key driving factor for permanent magnets market over the forecast period. Permanent magnets are widely used for numerous applications in automobile industry. Various components such as motors, alternators and gearbox require permanent magnets for their mechanism. Grand View Research further observes that the shift in trend towards developing renewable energy generation including solar and wind energy is also expected to drive the market for permanent magnets. Permanent magnets are used in the stator of the wind turbine which is responsible for producing AC electricity.

Ferrite magnets dominated the global market, accounting for over 80% of total volumes in 2012. However, in terms of revenue, ferrite magnets accounted for just over 20% of the total revenue for the same year. Ferrite magnets are relatively cheaper than other permanent magnets such as NdFeB magnets, SmCO and Alnico magnets and hence account for a relatively smaller revenue share in the overall market. NdFeB is expected to be the fastest growing product segment, at an estimated CAGR of 9.4% from 2013 to 2020. Growing awareness regarding the benefits offered by NdFeB over other magnets in high performance automotive applications is expected to drive its demand over the forecast period.

Further key findings from the study suggest:

Global permanent magnets demand is expected to reach 1,262.6 kilo tons by 2020 growing at a CAGR of 8.6% from 2013 to 2020
Automotive industry emerged as the leading application market for permanent magnets and accounted for approximately half of the total consumption in 2012. However, the shift in trend towards adoption of renewable energy including wind energy has helped energy generation to become the most attractive market for permanent magnets. Energy generation is expected to be the fastest growing application market for permanent market at an estimated CAGR of 9% from 2013 to 2020
Asia Pacific dominated the overall market for permanent magnets and accounted for 80% of the total consumption in 2012. China alone accounted for 65% of world's demand for permanent magnets in 2012, consolidating its position as the leading permanent magnets producer as well as consumer, on account of huge rare earth metals deposits in the country which are available at an affordable price for domestic industries
China is expected to continue its dominance in the global market with its government announcing plans to increase permanent magnets capacity in the nation by 20 kilo tons by 2015
The global market for permanent magnets is highly fragmented with a large number of small Chinese manufacturers operating in the market. These small manufacturers pose threat to large manufacturers in terms of their price offerings. Some of the major companies operating in the global market for permanent magnets include Adams Magnetic Products Co., Hangzhou Permanent Magnet Group, Anhui Earth-Panda Advance Magnetic Material Co. Ltd and Hitachi Metals Ltd., Molycorp Magnequench and Shin-Etsu Chemical Co. Ltd among some other companies
For the purpose of this study, Grand View Research has segmented the global permanent magnets market on the basis of product, application and region:

Permanent Magnets Product Outlook,

Ferrite
Neo (NdFeB)
SmCO
Alnico 
Permanent Magnets Application Outlook,

Automotive
Electronics
Energy Generation 
Other
Permanent Magnets Regional Outlook,

North America
Europe
China
Rest of Asia Pacific
Rest of the World

 Table of Contents
Chapter 1 Executive Summary

                 1.1 Permanent Magnets - Industry Summary & Critical Success Factors (CSFs) 

Chapter 2 Permanent Magnets Industry Outlook                                                     

                 2.1 Market Segmentation                                          

                 2.2 Market Size and Growth Prospects                                            

                 2.3 Permanent Magnets Market Dynamics                                      

                 2.4 Key Opportunities Prioritized                                           

                 2.5 Industry Analysis - Porter's

                 2.6 Permanent Magnets - Company Market Share Analysis

                 2.7 Permanent Magnets - PESTEL Analysis                                    

Chapter 3 Permanent Magnets Product Outlook

                 3.1 Ferrite

                 3.2 Neo (NdFeb)

                 3.3 SmCO

                 3.4 Alnico       

Chapter 4 Permanent Magnets Application Outlook

                 4.1 Automotive

                 4.2 Electronics

                 4.3 Energy Generation

                 4.4 Other

Chapter 5 Permanent Magnets Regional Outlook                                                    

                 5.1 North America                                         

                 5.2 Europe

                 5.3 China                                            

                 5.4 Rest of Asia Pacific                                 

                 5.5 RoW         

Chapter 6 Permanent Magnets Competitive landscape

                6.1 Adams Magnetic Products Co.

                    6.1.1 Company Overview

                    6.1.2 Financial Performance

                    6.1.3 Product Benchmarking

                    6.1.4 Strategic Initiatives

                6.2 Anhui Earth-Panda Advance Magnetic Material Co. Ltd

                    6.2.1 Company Overview

                    6.2.2 Financial Performance

                    6.2.3 Product Benchmarking

                    6.2.4 Strategic Initiatives

                6.3 Arnold Magnetic Technologies

                    6.3.1 Company Overview

                    6.3.2 Financial Performance

                    6.3.3 Product Benchmarking

                    6.3.4 Strategic Initiatives

                6.4 Daido Steel Co. Ltd

                    6.4.1 Company Overview

                    6.4.2 Financial Performance

                    6.4.3 Product Benchmarking

                    6.4.4 Strategic Initiatives

                6.5 Eclipse Magnetics Ltd

                    6.5.1 Company Overview

                    6.5.2 Financial Performance

                    6.5.3 Product Benchmarking

                    6.5.4 Strategic Initiatives

                6.6 Electron Energy Corporation

                    6.6.1 Company Overview

                    6.6.2 Financial Performance

                    6.6.3 Product Benchmarking

                    6.6.4 Strategic Initiatives

                6.7 Goudsmit Magnetics Group

                    6.7.1 Company Overview

                    6.7.2 Financial Performance

                    6.7.3 Product Benchmarking

                    6.7.4 Strategic Initiatives

                6.8 Hangzhou Permanent Magnet Group

                    6.8.1 Company Overview

                    6.8.2 Financial Performance

                    6.8.3 Product Benchmarking

                    6.8.4 Strategic Initiatives

                6.9 Hitachi Metals Ltd

                    6.9.1 Company Overview

                    6.9.2 Financial Performance

                    6.9.3 Product Benchmarking

                    6.9.4 Strategic Initiatives

                6.10 Molycorp Magnequench

                    6.10.1 Company Overview

                    6.10.2 Financial Performance

                    6.10.3 Product Benchmarking

                    6.10.4 Strategic Initiatives

                6.11 Ningbo Yunsheng Co. Ltd

                    6.11.1 Company Overview

                    6.11.2 Financial Performance

                    6.11.3 Product Benchmarking

                    6.11.4 Strategic Initiatives

                6.12 Ninggang Permanent Magnetic Materials Co. Ltd

                    6.12.1 Company Overview

                    6.12.2 Financial Performance

                    6.12.3 Product Benchmarking

                    6.12.4 Strategic Initiatives

                6.13 Shin-Etsu Chemical Co. Ltd

                    6.13.1 Company Overview

                    6.13.2 Financial Performance

                    6.13.3 Product Benchmarking

                    6.13.4 Strategic Initiatives 

                6.14 TDK Corporation

                   6.14.1 Company Overview

                   6.14.2 Financial Performance

                   6.14.3 Product Benchmarking

                   6.14.4 Strategic Initiatives

               6.15 Thomas & Skinner Inc.

                   6.15.1 Company Overview

                   6.15.2 Financial Performance

                   6.15.3 Product Benchmarking

                   6.15.4 Strategic Initiatives

 Chapter 7 Methodology and Scope                                                   

                 7.1 Research Methodology                                       

                 7.2 Research Scope & Assumption                                      

                 7.3 List of Data Sources    


List of Tables


Global permanent magnets market volume and revenue, 2012 - 2020
Global permanent magnets market volume by region, (Kilo Tons), 2012 - 2020
Global permanent magnets market revenue by region, (USD million), 2012 - 2020
Global permanent magnets market volume by product, (Kilo Tons), 2012 - 2020
Global permanent magnets market revenue by product, (USD million), 2012 - 2020
Global permanent magnets market volume by application, (Kilo Tons), 2012 - 2020
Global permanent magnets market revenue by application, (USD million), 2012 - 2020
Global ferrite magnets demand, 2012 - 2020 (Kilo Tons)
Global ferrite magnets revenue, 2012 - 2020 (USD million)
Global Neo (NdFeB) magnets demand, 2012 - 2020 (Kilo Tons)
Global Neo (NdFeB) magnets revenue, 2012 - 2020 (USD million)
Global SmCO magnets demand, 2012 - 2020 (Kilo Tons)
Global SmCO magnets revenue, 2012 - 2020 (USD million)
Global Alnico magnets demand, 2012-2020 (Kilo Tons)
Global Alnico magnets revenue, 2012-2020 (USD million)
Global permanent magnets demand from automotive, 2012 - 2020 (Kilo Tons)
Global permanent magnets revenue from automotive, 2012 - 2020 (USD million)
Global permanent magnets demand from electronics, 2012 - 2020 (Kilo Tons)
Global permanent magnets revenue from electronics, 2012 - 2020 (USD million)
Global permanent magnets demand from energy generation, 2012 - 2020 (Kilo Tons)
Global permanent magnets revenue from energy generation, 2012 - 2020 (USD million)
Global permanent magnets demand from other applications, 2012 - 2020 (Kilo Tons)
Global permanent magnets revenue from other applications, 2012 - 2020 (USD million)
North America permanent magnets market volume by product, (Kilo Tons), 2012 - 2020
North America permanent magnets market revenue by product, (USD million), 2012 - 2020
North America permanent magnets market volume by application, (Kilo Tons), 2012 - 2020
North America permanent magnets market revenue by application, (USD million), 2012 - 2020
Europe permanent magnets market volume by product, (Kilo Tons), 2012 - 2020
Europe permanent magnets market revenue by product, (USD million), 2012 - 2020
Europe permanent magnets market volume by application, (Kilo Tons), 2012 - 2020
Europe permanent magnets market revenue by application, (USD million), 2012 - 2020
China permanent magnets market volume by product, (Kilo Tons), 2012 - 2020
China permanent magnets market revenue by product, (USD million), 2012 - 2020
China permanent magnets market volume by application, (Kilo Tons), 2012 - 2020
China permanent magnets market revenue by application, (USD million), 2012 - 2020
Rest of Asia Pacific permanent magnets market volume by product, (Kilo Tons), 2012 - 2020
Rest of Asia Pacific permanent magnets market revenue by product, (USD million), 2012 - 2020
Rest of Asia Pacific permanent magnets market volume by application, (Kilo Tons), 2012 - 2020
Rest of Asia Pacific permanent magnets market revenue by application, (USD million), 2012 - 2020
RoW permanent magnets market volume by product, (Kilo Tons), 2012 - 2020
RoW permanent magnets market revenue by product, (USD million), 2012 - 2020
RoW permanent magnets market volume by application, (Kilo Tons), 2012 - 2020
RoW permanent magnets market revenue by application, (USD million), 2012 - 2020

List of Figures

Permanent magnets industry summary & critical success factors (CSFs)
Permanent magnets market segmentation
Global permanent magnets market (volume & revenue), 2012 - 2020
Global permanent magnets market volumes growth by region, (Kilo Tons), 2012 - 2020
Global permanent magnets market volumes growth by product, (Kilo Tons), 2012 - 2020
Global permanent magnets market volumes growth by application, (Kilo Tons), 2012 - 2020
Permanent magnets market dynamics
Permanent magnets company market share analysis, 2012
Key opportunities prioritized
Industry analysis - Porter's
Permanent magnets PESTEL analysis, 2012
permanent magnets market volume share by  application, 2012 & 2020
Global ferrite magnets demand, (volume & revenue), 2012-2020
Global Neo (NdFeB) magnets demand, (volume & revenue), 2012-2020
Global SmCO magnets demand, (volume & revenue), 2012-2020
Global Alnico magnets demand, (volume & revenue), 2012-2020
Permanent magnets market volume share by application, 2012 & 2020
Global permanent magnets demand from automotive, (volume & revenue), 2012-2020
Global permanent magnets demand from electronics, (volume & revenue), 2012-2020
Global permanent magnets demand from energy generation, (volume & revenue), 2012-2020
Global permanent magnets demand from other application, (volume & revenue), 2012-2020
Permanent magnets market volume share by region, 2012 & 2020
North America permanent magnets market volume by product, (Kilo Tons), 2012 - 2020
North America permanent magnets market revenue by product, (USD million), 2012 - 2020
North America permanent magnets market volume by application, (Kilo Tons), 2012 - 2020
North America permanent magnets market revenue by application, (USD million), 2012 - 2020
Europe permanent magnets market volume by product, (Kilo Tons), 2012 - 2020
Europe permanent magnets market revenue by product, (USD million), 2012 - 2020
Europe permanent magnets market volume by application, (Kilo Tons), 2012 - 2020
Europe permanent magnets market revenue by application, (USD million), 2012 - 2020
China permanent magnets market revenue by product, (USD million), 2012 - 2020
China permanent magnets market volume by application, (Kilo Tons), 2012 - 2020
China permanent magnets market revenue by application, (USD million), 2012 - 2020
Rest of Asia Pacific permanent magnets market volume by product, (Kilo Tons), 2012 - 2020
Rest of Asia Pacific permanent magnets market revenue by product, (USD million), 2012 - 2020
Rest of Asia Pacific permanent magnets market volume by application, (Kilo Tons), 2012 - 2020
Rest of Asia Pacific permanent magnets market revenue by application, (USD million), 2012 - 2020
RoW permanent magnets market volume by product, (Kilo Tons), 2012 - 2020
RoW permanent magnets market revenue by product, (USD million), 2012 - 2020
RoW permanent magnets market volume by application, (Kilo Tons), 2012 - 2020
Global permanent magnets market - competitive landscape
Research methodology
List of data sources
Research scope & assumptions
Disclaimer