DUBLIN, Aug. 8, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Magnetic Materials (Automotive, Electronics, Energy Generation) Market - Forecast to 2019" report to their offering.
Magnetic materials are objects which produce a magnetic field. They include a wide variety of materials which are used in an extensive range of applications. Magnetic materials are majorly used in the production and distribution of electricity and are thus an integral part of various socio-economic factors globally. Moreover, advanced magnetic materials have been included as key components in many devices which serve as vital gears in modern electrical engineering and electronics. Magnetic materials are segmented on the basis of their properties, applications and hardness. If a material is easily magnetized and demagnetized, it is referred to as being soft magnetic. However, if the material is difficult to magnetize and demagnetize, it is referred to as semi-hard or hard.
Growing demand for magnetic materials due to rising automotive industry is expected to be one of the major growth factors for the market. In addition, on account of the rising demand for electricity, the increasing consumption of magnetic materials in wind turbine energy generation industries is also expected to contribute towards the growth of the market. However, the fluctuating prices of rare earth metals such as dysprosium and neodymium is expected to slow down the growth of the market in the near future. The increasing application scope of magnets in hybrid electric vehicles (HEVs) coupled with rising demand for these vehicles is anticipated to open opportunities for the growth of the market over the next few years.
The global demand for magnetic materials was the highest for semi-hard magnetic materials which accounted for over 55% of the market share in 2012. Analog and digital recording is a significant industry using large quantities of semi-hard magnetic materials for media recording, as well as using miniature magnetic circuits in the write and read heads. Demand for other magnetic materials such as hard and soft magnets have been notably high owing to factors such as easy availability, low price of ferrites, significant performance properties and rapidly growing industrialization. Moreover, hard magnets such as NdFeB are considered to be the strongest permanent magnets and the demand for these magnets is expected to grow exponentially within the forecast period on account of their increasing use in various electronics, automotive and energy generation industries, and the subsequent growth of these industries.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Magnetic Materials Market - Industry Analysis
Chapter 4 Magnetic Materials Market - Product Segment Analysis
Chapter 5 Magnetic Materials Market - Application Analysis
Chapter 6 Magnetic Materials Market - Regional Analysis
Chapter 7 Company Profiles
- AK Steel Holding Corporation
- Arnold Magnetic Technologies
- Electron Energy Corporation
- Hitachi Metals, Ltd.
- Lynas Corporation Ltd.
- Molycorp Inc.
- OM Group
- Shin-Etsu Chemicals Co., Ltd.
- TDK Corporation
- Tengam Engineering Inc.J26
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SOURCE Research and Markets