DUBLIN, February 28, 2014 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/2hs94t/permanent_magnets) has announced the addition of the "Permanent Magnets Market - Global Forecast, Market Share, Size, Growth and Industry Analysis to 2019" report to their offering.
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Permanent magnets are manufactured from a magnetized material that creates its own persistent magnetic field. They are either ferromagnetic or ferrimagnetic. These include cobalt, nickel, iron and alloys of rare earth elements as well as naturally occurring minerals such as lodestone. Unlike temporary magnets such as electromagnets, permanent magnets do not lose their magnetic property unless they are heated above their Curie temperature. They are industrially manufactured through casting or sintering and are produced from magnetic metallic elements, composites and rare earth materials. Neodymium-iron-boron (NdFeB), samarium cobalt (SmCo), alnico and ferrite are some of the examples of permanent magnets used in the industry.
Growth of the automotive industry due to several aspects such as technological advancement, rising population and increasing consumer demand is expected to be one of the primary factors driving the demand for permanent magnets over the next few years. Furthermore, significant growth of the wind energy generation industry owing to rapid industrialization, rising population and increase in demand for electricity is also expected to boost the permanent magnet industry. However, price volatility of rare earth materials such as dysprosium and neodymium due to ban of Chinese exports of rare earth elements in other regions is anticipated to hamper the growth of the permanent magnets market. Increasing application scope of magnets in HEVs coupled with growing demand for better performing vehicles is expected to open opportunities for the growth of the market over the next few years.
Ferrites were the majorly consumed permanent magnets in the industry in 2012 accounting for over 80% of the global demand. These magnets have been majorly used on account of several key factors such as ease of availability, low price, significant performance properties, rapidly growing industrialization and extensively use of these materials in electronics and household appliances. NdFeB magnets are considered to have the strongest magnetic field 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:
1 Preface
2 Executive Summary
3 Permanent Magnets - Industry Analysis
4 Global Permanent Magnets Market - Product Segment Analysis
5 Global Permanent Magnets Market - Application Analysis
6 Global Permanent Magnets Market - Regional Analysis
7 Company Profiles
Companies Mentioned:
For more information visit http://www.researchandmarkets.com/research/2hs94t/permanent_magnets
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
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