World Magnets

 Published On: Oct, 2015 |    No of Pages: 349 |  Published By: Freedonia | Format: PDF
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World demand to rise 7.3% annually through 2019
Worldwide demand for permanent mag-nets, which totaled $11 billion in 2014, is forecast to climb 7.3 percent annually through 2019 to $16.2 billion. In volume terms, world magnet sales will expand 4 percent per year to over 1 million metric tons in 2019. Market gains will be driven by increases in durable goods output as economic conditions improve and the overall number of applications for mag-nets rises. The elimination of rare earth export quotas and taxes by the Chinese government in 2015 will also support growth, by helping to ensure that ade-quate raw material supplies are available on a global basis and by further easing pricing pressures following a period during which neodymium and samarium cobalt magnet costs unexpectedly spiked.

Developing area demand to continue leading gains
The Asia/Pacific region is by far the largest regional market for magnets, with China the largest national market by a substantial margin, due in part to the huge size of its electronics original equipment manufacturing (OEM) industry. In a con-tinuation of a long term trend, magnet sales growth in the Africa/Mideast region, developing parts of Asia, Eastern Europe, and Central and South America will outpace demand in Japan, South Korea, the US, and Western Europe through 2019. China alone will account for one-half of all additional magnet sales on a worldwide basis. Like demand, magnet manufacturing activity varies considerably from region to region. China is by far the largest single producer of magnetic materials, responsible for 58 percent of global out-put in 2014. Although the nation manufactures all of the major product types in substantial quantities, neodymium and samarium cobalt magnets account for above average shares of its total industry output, reflecting the easy access to and favorable prices for rare earths that Chinese firms have historically enjoyed.

Neodymium magnets to post fastest market gains
Neodymium, the strongest magnet type currently available, dominates dollar sales, while ferrite magnets, the least ex-pensive on a per kilogram basis, account for the largest share of demand in metric tons. Neodymium magnets are expected to post the fastest market gains of any product type through 2019, driven by the superior performance they can provide. In large markets such as electronics and motor vehicles, ongoing efforts to mini-mize product size and/or weight while adding new features will also contribute to demand increases.

Automotive sector to be fastest growing market
Electronics is the largest market for magnets, followed by industrial and automotive applications. In most parts of the world, automotive or industrial applications account for a larger share of the sales than electronics. In China and a number of other Asian countries, however, the electronics market dominates magnet demand, overpowering the effect other national markets on global sales patterns. Automotive-related magnet demand will grow the fastest through 2019, spurred by increases in motor vehicle output and the number of magnet-using devices in the average vehicle. Expanding production of full and plug-in hybrids and electric vehicles, which use more magnetic materials than conventional vehicles, will also support overall market gains.

Study coverage
This Freedonia industry study, World Magnets, presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by product and market for 6 world regions and 23 countries. This study also considers market environment factors, examines the industry structure, analyzes company market share, and profiles 41 global competitors.
INTRODUCTION

EXECUTIVE SUMMARY

MARKET ENVIRONMENT

General
World Economic Overview
Recent Historical Trends
World Economic Outlook
World Durable Goods Manufacturing Outlook
World Motor Vehicle Production Trends
World Hybrid & Electric Vehicle Outlook
World Electronic Equipment Outlook
World Electric Motor Shipments
Pricing Patterns
Technological Trends
Legal & Regulatory Environment
WORLD SUPPLY & DEMAND
General
Regional Overview
Demand
Production
International Trade
Demand by Product
Neodymium
Ferrite
Samarium Cobalt
Alnico & Other
Alnico
Other
Demand by Market
Electronics
Industrial
Automotive
Conventional Motor Vehicles
Hybrid/Electric Vehicles
Other
Electric Bicycles & Motorcycles
All Other

NORTH AMERICA
Economic Overview
Magnet Supply & Demand
Magnet Market Outlook
United States
Canada
Mexico

WESTERN EUROPE
Economic Overview
Magnet Supply & Demand
Magnet Market Outlook
Germany
France
Italy
United Kingdom
Switzerland
Other Western Europe
Spain
Denmark
All Other

ASIA/PACIFIC
Economic Overview
Magnet Supply & Demand
Magnet Market Outlook
China
Japan
South Korea
Thailand
Malaysia
India
Taiwan
Vietnam
Indonesia
Other Asia/Pacific

OTHER REGIONS
Central & South America
Economic Overview
Magnet Supply & Demand
Magnet Market Outlook
Eastern Europe
Economic Overview
Magnet Supply & Demand
Magnet Market Outlook
Russia
Czech Republic
Other Eastern Europe
Hungary
Poland
All Other
Africa/Mideast
Economic Overview
Magnet Supply & Demand
Magnet Market Outlook

INDUSTRY STRUCTURE
General
Industry Composition
Market Share
Research & Product Development
Manufacturing
Marketing & Distribution
Cooperative Agreements
Company Profiles
Advanced Technology & Materials Company Limited
Aichi Steel Corporation
Anhui Astromagnet Company Limited
Anhui Earth-Panda Advance Magnetic Material Company Limited
Baotou Mengxi Magnetism Industrial, see China Northern Rare Earth Group High-Tech
Baotou Research Institute of Rare Earths, see China Northern Rare Earth Group High-Tech
Beijing Jingci Magnet Company
Beijing Zhong Ke San Huan Hi-Tech Company Limited
Chengdu Galaxy Magnets Company Limited
China Northern Rare Earth Group High-Tech Company Limited
Daido Steel Company Limited
Farinia Group
Fujian Changting Golden Dragon Rare-Earth, see Xiamen Tungsten
Guangdong TDK Rising Rare Earth High Technology Material, see Rising Nonferrous Metals and TDK
Guangzhou Newlife Magnet Electricity Company Limited
Hangzhou Permanent Magnet Group Company Limited
Hengdian Group Holdings Limited
Hitachi Limited
Hunan Aerospace Magnet & Magneto Company Limited
Inner Mongolia Baotou Steel Rare-Earth Group Hi-Tech, see China Northern Rare Earth Group High-Tech
Inner Mongolia Baotou Steel Rare Earth Magnetic Material, see China Northern Rare Earth Group High- Tech
Intermetallics Japan, see Daido Steel
JAHWA Electronics Company Limited
JPMF Guangdong Company Limited
Kaneka Corporation
Kolektor Group doo
Magnum Magnetics Corporation
Magtech Industrial Company
MagX Company Limited
Mahindra & Mahindra Limited
MS-Schramberg GmbH & Company KG
Neorem Magnets, see OM Group
Ningbo Jinji Strong Magnetic Material Company Limited
Ningbo Jintian Copper Group Company Limited
Ningbo Ketian Magnet, see Ningbo Jintian Copper Group
Ningbo Permanent Magnetics Company Limited
Ningbo Yunsheng Company Limited
OM Group Incorporated
One Magnet Electronic Company Limited
Pacific Metals, see Hitachi
Rising Nonferrous Metals Company Limited
Shanghai Ruiyuan Magnetic Material Technology, see China Northern Rare Earth Group High-Tech
Shenyang General Magnetic Company Limited
Shin-Etsu Chemical Company Limited
Taiyuan Twin-Tower Aluminum Oxide, see Hengdian Group Holdings
TDK Corporation
Thomas and Skinner Incorporated
Ugimag Group, see Farinia Group
VACUUMSCHMELZE, see OM Group
Westmag Technology Corporation Limited
Xiamen Tungsten Company Limited
Yantai Shougang Magnetic Materials Incorporated
Yantai Zhenghai Magnetic Material Company Limited
YX Magnetic SA
Zhejiang Innuovo Magnetics, see Hengdian Group Holdings
Zhejiang Kaiven Holdings Group Company Limited
Other Companies Mentioned in Study

List of Tables

EXECUTIVE SUMMARY
Summary Table

MARKET ENVIRONMENT
World Gross Domestic Product by Region
World Durable Goods Manufacturing Value Added by Product & Region
World Motor Vehicle Production by Type & Region
World Hybrid & Electric Vehicle Sales by Type & Region
World Electronic Equipment Manufacturing Value Added by Region
World Electric Motor Shipments
World Magnet Prices

WORLD SUPPLY & DEMAND
World Magnet Value Demand by Region
World Magnet Volume Demand by Region
World Magnet Shipments by Region
World Magnet Net Exports by Region
World Magnet Demand by Product
World Neodymium Magnet Demand by Region
World Ferrite Magnet Demand by Region
World Samarium Cobalt Magnet Demand by Region
World Demand for Alnico & Other Magnets by Type & Region
World Magnet Demand by Market
World Electronics Magnet Demand by Region
World Industrial Magnet Demand by Application & Region
World Automotive Magnet Demand by Vehicle Type, Application, & Region
World Demand for Magnets Used in Other Markets by Segment & Region

NORTH AMERICA
North America: Magnet Supply & Demand
North America: Magnet Demand by Product & Market
United States: Magnet Supply & Demand
United States: Magnet Demand by Product & Market
Canada: Magnet Supply & Demand
Canada: Magnet Demand by Product & Market
Mexico: Magnet Supply & Demand
Mexico: Magnet Demand by Product & Market

WESTERN EUROPE
Western Europe: Magnet Supply & Demand
Western Europe: Magnet Demand by Product & Market
Germany: Magnet Supply & Demand
Germany: Magnet Demand by Product & Market
France: Magnet Supply & Demand
France: Magnet Demand by Product & Market
Italy: Magnet Supply & Demand
Italy: Magnet Demand by Product & Market
United Kingdom: Magnet Supply & Demand
United Kingdom: Magnet Demand by Product & Market
Switzerland: Magnet Supply & Demand
Switzerland: Magnet Demand by Product & Market
Other Western Europe: Magnet Supply & Demand
Other Western Europe: Magnet Demand by Product & Market
Other Western Europe: Magnet Supply & Demand by Country

ASIA/PACIFIC
Asia/Pacific: Magnet Supply & Demand
Asia/Pacific: Magnet Demand by Product & Market
China: Magnet Supply & Demand
China: Magnet Demand by Product & Market
Japan: Magnet Supply & Demand
Japan: Magnet Demand by Product & Market
South Korea: Magnet Supply & Demand
South Korea: Magnet Demand by Product & Market
Thailand: Magnet Supply & Demand
Thailand: Magnet Demand by Product & Market
Malaysia: Magnet Supply & Demand
Malaysia: Magnet Demand by Product & Market
India: Magnet Supply & Demand
India: Magnet Demand by Product & Market
Taiwan: Magnet Supply & Demand
Taiwan: Magnet Demand by Product & Market
Vietnam: Magnet Supply & Demand
Vietnam: Magnet Demand by Product & Market
Indonesia: Magnet Supply & Demand
Indonesia: Magnet Demand by Product & Market
Other Asia/Pacific: Magnet Supply & Demand
Other Asia/Pacific: Magnet Demand by Product & Market

OTHER REGIONS
Central & South America: Magnet Supply & Demand
Central & South America: Magnet Demand by Product & Market
Eastern Europe: Magnet Supply & Demand
Eastern Europe: Magnet Demand by Product & Market
Russia: Magnet Supply & Demand
Russia: Magnet Demand by Product & Market
Czech Republic: Magnet Supply & Demand
Czech Republic: Magnet Demand by Product & Market
Other Eastern Europe: Magnet Supply & Demand
Other Eastern Europe: Magnet Demand by Product & Market
Other Eastern Europe: Magnet Supply & Demand by Country
Africa/Mideast: Magnet Supply & Demand
Africa/Mideast: Magnet Demand by Product & Market

INDUSTRY STRUCTURE
World Magnet Sales by Company, 2014
Selected Cooperative Agreements

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