Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Rare Earth Permanent Magnet Materials Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 5.6% during the review period (2022 to 2027).
Permanent magnets called rare earth magnets are created by magnetising materials, and they generate their own magnetic field. Among them are alloys made of rare earth elements like neodymium, samarium, and dysprosium. Unlike electromagnets, rare earth permanent magnets retain their magnetic properties even after being heated above the Curie temperature. Rare earth magnets are the strongest permanent magnets currently on the market, and they perform much better than alnico and ceramic/ferrite magnets (composed of strontium, carbonate and iron oxide, and, aluminium, nickel and cobalt, respectively). Neodymium (Nd-Fe-B) and samarium cobalt rare earth magnets are the two most used varieties (SmCo). Due to the fact that they originate from the same metal series, both varieties have comparable characteristics and crystal structures. They are typically brittle but quite sturdy.
In the coming years, the market for rare earth permanent magnetic materials is anticipated to expand significantly. The market is expanding due to the expanding automotive sector, which is being driven by technical improvements, population growth, and rising consumer goods demand. In addition, it is projected that the enormous growth of the wind energy generation sector brought on by fast industrialization will increase demand for rare earth magnetic elements. Permanent magnets do not lose their magnetic property until they are heated to the Curie temperature or higher, in contrast to transient magnetic products like electromagnets.
The report aspects discussed the profile of the top Manufacturers of the global Rare Earth Permanent Magnet Materials Market. These aspects include financial Status of major companies, trending advancements and entire market scenario. Growth of the report have examined Rare Earth Permanent Magnet Materials Market production, demand and growth Potential, geographic analysis, as well as current market developments in Various regions and countries.
The Rare Earth Permanent Magnet Materials Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Hitachi Metals Group, Jingci Material Science, Shin-Etsu, VAC, Beijing Zhong Ke San Huan Hi-Tech, TDK, JL MAG, Yunsheng Company, ZHmag, YSM, Zhejiang Zhongyuan Magnetic, Magsuper, Earth- Panda, AT&M, SGM, Innuovo Magnetics, Pinghu Geor Chi Electronics, Galaxy Magnetic, NBJJ, Daido Electronics,
NANOXPLORE CONCLUDES AGREEMENT TO SUPPLY TECHMER PM, LLC, WITH GRAPHENEBLACK™
June 16, 2021
NanoXplore Inc. (“NanoXplore” or the “Corporation”) (TSX-V: GRA and OTCQX: NNXPF) announces that it has entered into a multiyear agreement to supply GrapheneBlack™ grade of products to Techmer PM, LLC (“Techmer PM”), which agreement includes a customer-based exclusivity.
Rare Earth Permanent Magnet Materials Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Applications it is segmented into
Over 75.0 percent of the market's revenue was generated in Asia Pacific. The market is expanding as a result of the escalating development in end-use sectors like renewable energy, electronics, healthcare, and automotive. Additionally, the region's extensive output of electronics, electric vehicles, and medical equipment is promoting market expansion. Europe is anticipated to grow significantly during the projection period. Market expansion is anticipated to be sparked by the largest automotive manufacturing and supported government initiative.
All these factors greatly affect the Rare Earth Permanent Magnet Materials Market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
What is our Rare Earth Permanent Magnet Materials Market report scope?
Report Attributes
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Report Details |
Forecast Period 2022 to 2028 CAGR |
CAGR of 5.6% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
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Hitachi Metals Group, Jingci Material Science, Shin-Etsu, VAC, Beijing Zhong Ke San Huan Hi-Tech, TDK, JL MAG, Yunsheng Company, ZHmag, YSM, Zhejiang Zhongyuan Magnetic, Magsuper, Earth- Panda, AT&M, SGM, Innuovo Magnetics, Pinghu Geor Chi Electronics, Galaxy Magnetic, NBJJ, Daido Electronics, |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
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2022 to 2027 |
Number of pages | 160 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Rare Earth Permanent Magnet Materials Market is studied from 2017 - 2027.
What is the growth rate of Rare Earth Permanent Magnet Materials Market?
The Rare Earth Permanent Magnet Materials Market is growing at a CAGR of 5.6% over the next 5 years.
Who are the key players in Rare Earth Permanent Magnet Materials Market?
Hitachi Metals Group, Jingci Material Science, Shin-Etsu, VAC, Beijing Zhong Ke San Huan Hi-Tech, TDK, JL MAG, Yunsheng Company, ZHmag, YSM, Zhejiang Zhongyuan Magnetic, Magsuper, Earth- Panda, AT&M, SGM, Innuovo Magnetics, Pinghu Geor Chi Electronics, Galaxy Magnetic, NBJJ, Daido Electronics,
What region does this Rare Earth Permanent Magnet Materials Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Rare Earth Permanent Magnet Materials Market?
Rare-earth Sintered Magnet, Rare-earth Bonded Magnet, Others
What are the major end-use applications of Rare Earth Permanent Magnet Materials Market?
Automotive, Aerospace and Defense, Power Generation, Consumer Goods and Electronics, Industrial Machinery, Others
7.GLOBAL Rare Earth Permanent Magnet Materials Market, BY REGION
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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