Global Magnets
Global demand for magnets is forecasts to increase 7.7% through 2023 per year to $17.9 billion. Rising manufacturing output and an ongoing trend toward the use of more efficient and smaller industrial parts will support advances.
This report covers magnet demand by Product, Market, and Region. Data are given in US dollars.
Magnet types discussed in this report include:
Neodymium
Ferrite
Samarium cobalt
Alnico
Major markets for magnets include:
Electronics
Industrial
Automotive
Regional magnet demand is available for:
North America
Central & South America
Western Europe
Eastern Europe
Asia/Pacific
Africa/Mideast
Scope of the Report
This report presents historical demand data for 2008, 2013, 2018 and forecast for 2023. Demand is provided by product (neodymium, ferrite, samarium cobalt, alnico), market (electronics, industrial, automotive), and major region. The study also evaluates company market share and analyzes industry competitors including Bejing Zhong Ke San Huan Hi-Tech, Daido Steel, Hengdian Group, Hitachi, JL MAG Rare Earth, Ningbo Yunsheng, Shin-Etsu Chemical, and TDK.
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