Magnetic Materials Market Developing at 8.9% CAGR To 2020 - APAC To Be The Fastest Growing Region Due To High Demand From Electronics & Auto Industry

DALLAS, March 19, 2015 /PRNewswire/ --

The global magnetic materials market is projected to reach $45 billion by 2020 and register a CAGR of 8.9% between 2015 to 2020 in terms of value - Says a New Research Available at RnRMarketResearch.com

Magnetic materials are those materials that have a property of producing a magnetic field around it and which attracts or repels when placed in an external magnetic field. Rising demand for miniaturization and growing need for technological advancements in various applications are anticipated to drive the magnetic materials market between 2015 and 2020. Asia-Pacific is projected to be the fastest-growing region for magnetic materials market. Developing economies such as China and India are estimated to be the key growth drivers for applications such as industrial, automotive, electronics, and energy generation. Complete report on Magnetic Materials Market by Type (Soft and Permanent Magnetic Materials) and by Application (Industrial, Electronics, Automotive, Paints & Coatings, Industrial, Energy Generation, Aerospace & Defense, and Others) - Global Trends & Forecasts to 2020 available at http://www.rnrmarketresearch.com/magnetic-materials-market-by-type-soft-and-permanent-magnetic-materials-and-by-application-industrial-electronics-automotive-paints-coatings-industrial-energy-generation-aerospace-defense-market-report.html .

Region-wise, Asia-pacific is anticipated to lead the global magnetic materials market in 2014. Growth in Asia-Pacific region is led by the rising demand from electronics, industrial, and automotive applications due to rapid industrialization and reviving automotive sector in the region. Asia-Pacific is also projected to be the fastest-growing market for the magnetic materials due to the region's favorable prospects; several companies are expanding their production capacity in Asian countries to benefit from the low-cost structures, availability of raw materials, and growing local demand for magnetic materials in various applications.

The magnetic materials market is projected to reach $45 billion by 2020 and register a CAGR of 8.9% between 2015 and 2020 in terms of value. The company profiled in this report includes Arnold Magnetic Technologies (U.S.), Electron Energy Corporation (U.S.), Hitachi Metals Ltd. (Japan), Lynas Corporation Ltd. (Australia), Molycorp Inc. (U.S.), Shin-Etsu Chemical Co. Ltd (Japan), Tengam Engineering Inc. (U.S.), TDK Corporation (Japan), and Daido Steel Co. Ltd. (Japan) among others. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=313968 .

The market for magnetic materials is estimated to grow on account of growth in the demand of permanent magnets from current as well as emerging applications, development and modernization of infrastructure, and increased demand for efficiency & miniaturization. The factors that hinder the growth of magnetic materials market are the fluctuating costs of raw materials and huge investments required in R&D and technology. The monopoly of Chinese players in the market is expected to act as a barrier to the new entrants in the market.

The report analyzes the global magnetic materials market trends and forecasts till 2020. The market size has been provided in terms of market volume (kilotons) and value ($million). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, product portfolio, recent developments, and company strategy. Priced at $4650 for a single user PDF, a discount on this research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=313968 .

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