Global Alnico Magnets Market Research Report 2023(Status and Outlook)

Global Alnico Magnets Market Research Report 2023(Status and Outlook)



Report Overview

Alnico belongs to the group of permanent (hard) magnets primarily composed of aluminum, nickel and cobalt. They are hard ferromagnetic substances which are widely used in temperature sensitive applications such as hall-effect and MR-based electronic and automotive sensors.They are also known as composite magnets which are usually manufactured from sintering or casting offering superior mechanical characteristics. Alnico magnets are made from the combination of aluminum, nickel and cobalt with small amounts of iron and other small elements that improve the property of the magnet.

The global market for alnico has been witnessing significant growth owing to rapid expansion of the automotive industry. Alnico magnets are majorly used in several components of an automobile including exhaust systems and sensors among others. Asia Pacific accounted as the largest market for alnico magnets, which was majorly supported by China, followed by several regions in Rest of the World (RoW) such as Latin America and Middle East. After the global economic slowdown in 2008-09, the manufacturing industry in North America has been slowly gaining pace. Alnico magnets are being increasingly implemented in electric motors and various sound reproductive systems such as microphones and loudspeakers. However, over the years, the industry for alnico magnets in this region has been noticeably saturated due to increasing consumption of NdFeB magnets. These magnets have been increasingly superseded by rare earth magnets such as NdFeB as well as ferrite in different automotive and electronic equipments, resulting in low demand from retail and manufacturing companies. However, alnico magnets cannot be replaced completely by rare earth elements due to their wide temperature range and stability. Thus, besides the automotive industry, growing demand for electric motors and sound systemshas been strongly contributing towards the growth of the alnico market.Moreover, rapid growth of industrial activities in emerging regions such as Asia Pacific has resulted in growth of various application sectors such as healthcare, electronics and power generation among others, which in turn is expected to contribute towards the demand for alnico magnets in Asia Pacific over the forecast period.

The Global Alnico Magnets Market Size was estimated at USD 908.9 million in 2022 and is projected to reach USD 1567.82 million by 2029, exhibiting a CAGR of 8.10% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Alnico Magnets market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Alnico Magnets Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Alnico Magnets market in any manner.

Global Alnico Magnets Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Arnold Magnetic Technologies

Adams Magnetic Products

Stanford Magnets

Master Magnetics

Eneflux-Armtek Magnetics

Hitachi Metals

Market Segmentation (by Type)

Cast Alnico

Sintered Alnico

Bar Alnico

Market Segmentation (by Application)

Furniture and Interior Decoration

Ceiling and Wall Paneling

Partition Walls

Doors

Flooring

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Alnico Magnets Market

Overview of the regional outlook of the Alnico Magnets Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Alnico Magnets
1.2 Key Market Segments
1.2.1 Alnico Magnets Segment by Type
1.2.2 Alnico Magnets Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Alnico Magnets Market Overview
2.1 Global Market Overview
2.1.1 Global Alnico Magnets Market Size (M USD) Estimates and Forecasts (2018-2029)
2.1.2 Global Alnico Magnets Sales Estimates and Forecasts (2018-2029)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Alnico Magnets Market Competitive Landscape
3.1 Global Alnico Magnets Sales by Manufacturers (2018-2023)
3.2 Global Alnico Magnets Revenue Market Share by Manufacturers (2018-2023)
3.3 Alnico Magnets Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Alnico Magnets Average Price by Manufacturers (2018-2023)
3.5 Manufacturers Alnico Magnets Sales Sites, Area Served, Product Type
3.6 Alnico Magnets Market Competitive Situation and Trends
3.6.1 Alnico Magnets Market Concentration Rate
3.6.2 Global 5 and 10 Largest Alnico Magnets Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Alnico Magnets Industry Chain Analysis
4.1 Alnico Magnets Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Alnico Magnets Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Alnico Magnets Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Alnico Magnets Sales Market Share by Type (2018-2023)
6.3 Global Alnico Magnets Market Size Market Share by Type (2018-2023)
6.4 Global Alnico Magnets Price by Type (2018-2023)
7 Alnico Magnets Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Alnico Magnets Market Sales by Application (2018-2023)
7.3 Global Alnico Magnets Market Size (M USD) by Application (2018-2023)
7.4 Global Alnico Magnets Sales Growth Rate by Application (2018-2023)
8 Alnico Magnets Market Segmentation by Region
8.1 Global Alnico Magnets Sales by Region
8.1.1 Global Alnico Magnets Sales by Region
8.1.2 Global Alnico Magnets Sales Market Share by Region
8.2 North America
8.2.1 North America Alnico Magnets Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Alnico Magnets Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Alnico Magnets Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Alnico Magnets Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Alnico Magnets Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Arnold Magnetic Technologies
9.1.1 Arnold Magnetic Technologies Alnico Magnets Basic Information
9.1.2 Arnold Magnetic Technologies Alnico Magnets Product Overview
9.1.3 Arnold Magnetic Technologies Alnico Magnets Product Market Performance
9.1.4 Arnold Magnetic Technologies Business Overview
9.1.5 Arnold Magnetic Technologies Alnico Magnets SWOT Analysis
9.1.6 Arnold Magnetic Technologies Recent Developments
9.2 Adams Magnetic Products
9.2.1 Adams Magnetic Products Alnico Magnets Basic Information
9.2.2 Adams Magnetic Products Alnico Magnets Product Overview
9.2.3 Adams Magnetic Products Alnico Magnets Product Market Performance
9.2.4 Adams Magnetic Products Business Overview
9.2.5 Adams Magnetic Products Alnico Magnets SWOT Analysis
9.2.6 Adams Magnetic Products Recent Developments
9.3 Stanford Magnets
9.3.1 Stanford Magnets Alnico Magnets Basic Information
9.3.2 Stanford Magnets Alnico Magnets Product Overview
9.3.3 Stanford Magnets Alnico Magnets Product Market Performance
9.3.4 Stanford Magnets Business Overview
9.3.5 Stanford Magnets Alnico Magnets SWOT Analysis
9.3.6 Stanford Magnets Recent Developments
9.4 Master Magnetics
9.4.1 Master Magnetics Alnico Magnets Basic Information
9.4.2 Master Magnetics Alnico Magnets Product Overview
9.4.3 Master Magnetics Alnico Magnets Product Market Performance
9.4.4 Master Magnetics Business Overview
9.4.5 Master Magnetics Alnico Magnets SWOT Analysis
9.4.6 Master Magnetics Recent Developments
9.5 Eneflux-Armtek Magnetics
9.5.1 Eneflux-Armtek Magnetics Alnico Magnets Basic Information
9.5.2 Eneflux-Armtek Magnetics Alnico Magnets Product Overview
9.5.3 Eneflux-Armtek Magnetics Alnico Magnets Product Market Performance
9.5.4 Eneflux-Armtek Magnetics Business Overview
9.5.5 Eneflux-Armtek Magnetics Alnico Magnets SWOT Analysis
9.5.6 Eneflux-Armtek Magnetics Recent Developments
9.6 Hitachi Metals
9.6.1 Hitachi Metals Alnico Magnets Basic Information
9.6.2 Hitachi Metals Alnico Magnets Product Overview
9.6.3 Hitachi Metals Alnico Magnets Product Market Performance
9.6.4 Hitachi Metals Business Overview
9.6.5 Hitachi Metals Recent Developments
10 Alnico Magnets Market Forecast by Region
10.1 Global Alnico Magnets Market Size Forecast
10.2 Global Alnico Magnets Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Alnico Magnets Market Size Forecast by Country
10.2.3 Asia Pacific Alnico Magnets Market Size Forecast by Region
10.2.4 South America Alnico Magnets Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Alnico Magnets by Country
11 Forecast Market by Type and by Application (2024-2029)
11.1 Global Alnico Magnets Market Forecast by Type (2024-2029)
11.1.1 Global Forecasted Sales of Alnico Magnets by Type (2024-2029)
11.1.2 Global Alnico Magnets Market Size Forecast by Type (2024-2029)
11.1.3 Global Forecasted Price of Alnico Magnets by Type (2024-2029)
11.2 Global Alnico Magnets Market Forecast by Application (2024-2029)
11.2.1 Global Alnico Magnets Sales (K MT) Forecast by Application
11.2.2 Global Alnico Magnets Market Size (M USD) Forecast by Application (2024-2029)
12 Conclusion and Key Findings

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