Magnets and Magnet Materials: Global Markets

 Published On: Oct, 2017 |    No of Pages: 205 |  Published By: BCC Research | Format: PDF
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The global market for magnets and magnetic materials reached $32.2 billion in 2016. The market should reach $34.9 billion in 2017 and $51.7 billion by 2022, increasing at a compound annual growth rate (CAGR) of 8.2% from 2017 through 2022.

Report Includes

-An overview of the global market for magnets and their materials, along with emerging technologies and potential business opportunities in the future.
-Analyses of global market trends, with data from 2016, estimates for 2017, and projections of CAGRs through 2022.
-An overview of the chemistry and physics of magnets, and the processes to produce magnet products, and specific applications for magnet materials.
-Insight into the major end-use markets, such as instrumentation and other electronics, appliances and consumer electronics, industrial, and automotive.
-Information pertaining to the market's dynamics, including drivers, restraints, and potential opportunities.
-Profiles of major players in the field.

The global market for magnets and magnetic materials has been increasing at an average rate of 7.8%, due to the demands from the intermediate as well as end-user industries. To assess the market, magnets and permanent magnets have been divided into four major types: alnico, neodymium, Samarium-cobalt and ferrite/ceramic. Soft magnets have been divided into three types: electrical steel, soft ferrite and other alloys.

Alnico magnets are alloys, with aluminum (Al), nickel (Ni) and cobalt (Co) present in large amounts. These magnets primarily find their applications in instruments and meters, generators and ignition systems.

Neodymium or neodymium-iron-boron magnets belong to the rare earth family of magnets (due to the presence of rare earth elements in these magnets such as neodymium and dysprosium). These magnets are considered the strongest magnets available in the world. Neodymium magnets primarily find their applications in electronic motors; generators; medical devices; sonic equipment, magnetic sensors, transducers, meters and instruments; consumer electronics (cell phones, disk drives, and home appliances); and others.

Samarium-cobalt magnets also belong to the rare earth family of magnets in which samarium and cobalt are the main elements. These magnets possess high magnetic properties, and the ability to operate under very high temperatures. These magnets primarily find their applications in industries such as automobile, marine, medical, and aerospace and defense.

Ferrite magnets are also known as ceramic magnets. These magnets consist of iron oxide in addition to either barium carbonate or strontium as raw materials. These magnets primarily find their applications in sonic equipment, motors, magnetic separators and couplings, and other industrial purposes.

The steel segment, which consists of electrical steel, cold-rolled lamination steel, and amorphous steel, has the largest market shares.

For any application at high frequency, soft ferrites are used since they are ceramic insulators with a minimal loss of eddy current. These materials are ferrimagnetic, with a cubic crystal structure and the general composition would be MO.Fe2O3, where M is a transition metal such as nickel, manganese or zinc.

MnZn ferrite is sold commercially as ferroxcube, and is applicable at frequencies up to 10 MHz, for example, in telephone signal transmitters and receivers and in switch mode power supplies or DC-DC converters. For these types of applications, high frequency is used to allow miniaturization.

Other alloys used as soft magnetic materials are amorphous alloys, nickel-iron alloys, silicon-iron alloys, iron-cobalt alloys, ferritic chromium-iron alloys and niobium-tin alloy.

The major drivers behind the growth of the global market of magnets and magnetic materials are: the growth in the global automotive industry, increasing reliance on electronic devices around the world, and increasing applications and demands for industrial purposes such as in renewable energy, healthcare, aerospace, defense and IT industries.

Study Goals and Objectives

The goal of this report is to provide a detailed, comprehensive, multi-client study of the worldwide market for magnets and their materials along with emerging technologies and potential business opportunities in the future. Objectives include a thorough coverage of the underlying economic issues driving the magnet business, as well as assessments of new and potential technologies, products and services developed by leading companies in this field. Another important objective is to provide realistic market data and forecasts for worldwide demand of magnet products and materials.

This report starts with an overview of the chemistry and physics of magnet and the processes used to produce magnet products, and then moves on to the specific applications of magnetic materials. It describes the market’s growth, the developing technology trends, industry leaders, and applications for these magnet products in North America, Europe, Asia-Pacific, South America and the Rest of the World (RoW).

Reasons for Doing This Study

The current demands of automotive, electronics, electrical, industrial, home appliances and medical devices around the world, especially in the Asia-Pacific, North America and Europe regions, is increasing the demands of both permanent magnets and soft magnets.

China is the world’s largest producer of all types of magnets, particularly with a high control over rare earth magnets. Due to the high degree of dependence on China for raw materials for magnets, as well as the magnets themselves, global consumers must understand the dynamics of the global industry of magnets to make informed decisions about sourcing, supplier engagement and alternatives.

A comprehensive study on the global industry of magnets and magnetic materials is extremely important in understanding the crucial role that magnets play in enabling the technologies that are important for the future, such as hybrid vehicles, “green” energy and advanced consumer electronics.

Scope of Report

The scope of this report is broad and covers two types of magnets used globally: soft magnets and permanent magnets. They have been classified in terms of their magnetic properties and their uses.

There are four types of permanent magnets based on the magnetic materials used for production: alnico, neodymium, samarium-cobalt and ferrite. Each of these is further divided on the basis of production processes, which primarily are termed sintering and bonding. The major applications of permanent magnets are in electric motors; generators; medical devices; sonic equipment, magnetic sensors and transducers; and consumer electronics. The market for each type of permanent magnet in these applications and the market for each type of permanent magnet by region is also covered in this report. Additional breakdowns on the basis of global consumption in each end-user industry, which includes automotive, industrial, medical and home appliances, are also covered. The revenue forecasts from 2017 to 2022 are explained for each type of permanent magnet by production process, application and region.

Soft magnetic materials are divided into three types: electrical steel, soft ferrite and others. Other alloys used as soft magnetic material are amorphous alloys, nickel-iron alloys, silicon-iron alloy, iron-cobalt alloy, ferritic chromium-iron alloys and niobium-tin alloy. The major applications for soft magnetic materials are in electric motors, transformers, generators, alternators and others, which include inductors, relays and switches, antenna and filters. The end-user industry for soft magnets are electronics and telecommunications, electrical and automotive. The revenue forecasts from 2017 to 2022 of each type of soft magnets are described for each type for application, end-user industry and both by region.

The report also consists of a discussion of the major players across each of the segments; it explains the major market drivers for the global market of magnets and magnetic materials, the current trends within the industry and major end-user industries.

Information Sources

The findings and conclusions of this report are based on information gathered from both primary and secondary research sources. The primary sources of information consist of industry association data, and interviews conducted with educational hardware and software companies and distributors.

Secondary sources were also consulted for the report, comprising of industry journals and publications, product literature, white papers and technical journals, and financial reports for industry suppliers.

The base year for analysis and projection is 2016, and market projections were developed from 2017 to 2022. These projections are based on a consensus among the primary contacts combined with an understanding of the key market drivers and their impact from a historical and an analytical perspective. The analytical methodologies used to generate the market estimates are described in detail in the market analysis. All dollar projections presented in this report are in 2016 constant dollars.

Methodology

A descriptive study has been done with a trend analysis for the global market for educational hardware and software in the academic sector with a quantitative and qualitative approach.

BCC Research collects data through various primary and secondary sources, including interviews with industry vendors, white papers, business journals, public financial proceedings and historical market data from the internet. The market data is assessed and validated considering interrelated market attributes and the impact of global economic variables.

The value of the market is then obtained through a combination of the bottom-up and top-down approaches using exclusive market modeling tools to generate BCC Research’s market data and forecasts. Estimated values used are based on manufacturers' total revenues.

Geographic Breakdown

In this report, the geographic regions considered for market analysis are named below:

North America
U.S.
Mexico
Canada

Europe
From Greenland (Denmark) to Russia and from Norway to Greece.

Asia-Pacific
From Afghanistan to Japan and from Mongolia to New Zealand.

South America
From Guatemala to Chile.

RoW
Entire Middle East countries and entire African Regions.
Chapter 1: Introduction 2
Study Goals and Objectives 3
Reasons for Doing This Study 3
Scope of Report 3
Information Sources 4
Methodology 4
Geographic Breakdown 5
Analyst's Credentials 7
Related BCC Research Reports 7
Chapter 2: Summary and Highlights 9
Chapter 3: Market and Technology Background 13
Magnet Chemistry and Technologies 13
Magnets 13
Types of Magnets 13
Magnetic Materials 13
Alloys 14
Ferrites 14
Magnetic Fluids 15
Other Materials 15
Classification of Magnetic Materials 15
Fundamentals of Magnetism 16
Hard Magnetic Materials 18
Soft Magnetic Materials 25
Economics of Magnetic Materials 26
Research Trends 27
Role of Government 27
National Laboratories 29
Others 33
Chapter 4: Global Market for Magnets 39
Global Market for Magnets and Magnetic Materials 39
Global Market for Magnets and Magnetic Materials, by Application 40
Global Market for Magnets and Magnetic Materials, by End-User Industry 42
Global Market for Magnets and Magnetic Materials, by Region 44
Chapter 5: Global Market for Permanent Magnets 47
Global Market for Permanent Magnets 47
Global Permanent Magnet Markets, by Production Process 49
Global Market for Permanent Magnets, by Application 53
Global Market for Permanent Magnets, by End-User Industry 55
Global Market for Permanent Magnets, by Region 58
Global Market for Permanent Magnets, by Type 60
Global Market for Ferrite Magnets, by Application 64
Global Market for Ferrite Magnets, by Production Process 67
Global Market for Ferrite Magnets, by Region 69
Global Market for Neodymium Magnets 71
Neodymium-Iron-Boron 71
Types and Materials 72
Fabrication Processes 72
Applications 76
RS Magnets 78
Other Issues 78
Global Market for Neodymium Magnets, by Application 79
Global Market for Neodymium Magnets, by Production Process 82
Global Market for Neodymium Magnets, by Region 84
Global Market for Samarium-Cobalt Magnets 87
Global Market for Samarium-Cobalt Magnets, by Application 87
Global Market for Samarium-Cobalt Magnets, by Production Process 89
Global Market for Samarium-Cobalt Magnets, by Region 91
Aluminum-Nickel-Cobalt Materials 94
Types and Materials 94
Properties 96
Fabrication Process 100
Applications 102
Global Market for AlNiCo Magnets, by Application 105
Global Market for AlNiCo Magnets, by Production Process 107
Global Market for AlNiCo Magnets, by Region 109
Global Market for Permanent Magnets in Electric Motors, by Region 111
Global Market for Permanent Magnets in Generators, by Region 113
Global Market for Permanent Magnets in Medical Devices, by Region 115
Global Market for Permanent Magnets in Sonic Equipment, Magnetic Sensors, Actuators and
Transducers, by Region 117
Global Market for Permanent Magnets in Consumer Electronics, by Region 119
Global Market for Permanent Magnets in Other Applications, by Region 121
Chapter 6: Global Market for Soft Magnetic Materials 125
Global Market for Soft Magnetic Materials 125
Global Market for Soft Magnetic Materials, by Application 126
Power Transformers 128
RF Transformers 128
EMI Filters 129
Flyback Transformer 129
Global Market for Electrical Steel, by Application 129
Global Market for Soft Ferrite, by Application 132
Global Market for Other Materials, by Application 135
Global Market for Soft Magnetic Materials, by End-User Industry 138
Global Market for Soft Magnetic Materials, by Region 140
Global Market for Electrical Steel, by Region 141
Global Market for Soft Ferrite, by Region 143
Global Market for Other Magnetic Materials, by Region 144
Global Market for Soft Magnetic Materials Applications, by Region 146
Global Market for Transformers, by Region 148
Chapter 7: Patent Review 157
Recent Patents on Magnets and Magnet Materials 157
Chapter 8: Market Drivers 171
Growth of Automotive Industry 171
Growing Consumer Electronics Industry and Miniaturization of Devices 176
Development of Smartphones 178
Expansion of Laptops, Desktops PCs, Notebooks and Tablets 181
Wind Energy Installations: A Major Driver of Magnet Generators 183
Chapter 9: Company Profiles 188
Supplier’s Landscape and Company Profiles 188
About BCC Research 211
About BCC Research 212
BCC Membership 212
BCC Custom Research 212

List of Tables
Summary Table: Global Market for Magnet and Magnetic Material, by Application, Through 2022
($ Millions) 9
Table 1 Nominal Compositions, Curie Temperatures and Magnetic Orientations of Selected Permanent
Magnet Materials 19
Table 2 Summary of Range of Properties of Permanent Magnet Materials 20
Table 3 Nominal Magnetic Properties of Selected Permanent Magnet Materials 21
Table 4 Mechanical and Physical Properties of Selected Permanent Magnet Materials 23
Table 5 Prices and Relative Values of Magnetic Materials 26
Table 6 Global Market for Magnets and Magnetic Materials, by Type, Through 2022 ($ Millions) 39
Table 7 Global Market for Magnets and Magnetic Materials, by Application, Through 2022 ($ Millions) 40
Table 8 Global Market for Magnets and Magnetic Materials, by End-User Industry, Through 2022
($ Millions) 42
Table 9 Global Market for Magnets and Magnetic Materials, by Region, Through 2022 ($ Millions) 44
Table 10 Global Market for Permanent Magnets, by Type, Through 2022 ($ Millions) 47
Table 11 Global Market for Permanent Magnets, by Production Process, Through 2022 ($ Millions) 51
Table 12 Global Market for Permanent Magnets, by Application, Through 2022 ($ Millions) 53
Table 13 Global Market for Permanent Magnets, by End-User Industry, Through 2022 ($ Millions) 56
Table 14 Global Market for Permanent Magnets, by Region, Through 2022 ($ Millions) 58
Table 15 Nominal Compositions, Curie Temperatures and Magnetic Orientation of Sintered Ceramic
Magnets 62
Table 16 Magnetic Properties of Sintered Ceramic Magnets 62
Table 17 Global Market for Ferrite Magnets, by Application, Through 2022 ($ Millions) 65
Table 18 Global Market for Ferrite Magnets, by Production Process, Through 2022 ($ Millions) 67
Table 19 Global Market for Ferrite Magnets, by Region, Through 2022 ($ Millions) 69
Table 20 MMPA Designations for Rare Earth Iron-Boron Magnets 72
Table 21 Other Advantages of Melt Spinning 76
Table 22 Global Market for Neodymium Magnets, by Application, Through 2022 ($ Millions) 80
Table 23 Global Market for Neodymium Magnets, by Production Process, Through 2022 ($ Millions) 83
Table 24 Global Market for Neodymium Magnets, by Region, Through 2022 ($ Millions) 85
Table 25 Global Market for Samarium-Cobalt Magnets, by Application, Through 2022 ($ Millions) 87
Table 26 Global Market for Samarium-Cobalt Magnets, by Production Process, Through 2022
($ Millions) 90
Table 27 Global Market for Samarium-Cobalt Magnets, by Region, Through 2022 ($ Millions) 92
Table 28 AlNiCo Magnet Designations 94
Table 29 Nominal Composition, Curie Temperatures and Magnetic Orientation of Cast AlNiCos 96
Table 30 Magnetic Properties of Cast AlNiCo Magnets 97
Table 31 Nominal Physical and Mechanical Properties of Cast AlNiCo Magnets 98
Table 32 AlNiCo Magnet Designations, Nominal Composition, Curie Temperatures and Magnetic
Orientation of Sintered AlNiCos 98
Table 33 Magnetic Properties of Sintered AlNiCo Magnets 99
Table 34 Nominal Mechanical and Physical Properties of Sintered AlNiCo Magnets 99
Table 35 Typical Uses of AlNiCo Magnets 102
Table 36 Static Applications of Cast AlNiCo Magnets 103
Table 37 Dynamic Applications of Cast AlNiCo Magnets 104
Table 38 Static Applications of Sintered AlNiCo Magnets 105
Table 39 Global Market for AlNiCo Magnets, by Application, Through 2022 ($ Millions) 105
Table 40 Global Market for AlNiCo Magnets, by Production Process, Through 2022 ($ Millions) 107

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