Market Research Reports

Permanent Magnets (Ferrite, NdFeB, SmCo and Alnico) Market for Automotive, Electronics, Energy Generation and Other Applications - Global Forecast, Market Share, Size, Growth and Industry Analysis, 2013 - 2019

119pages
Published Date: 2014-02-17
 

Description




Permanent magnets are materials that posses the ability of retaining its magnetic properties even in the absence of an external electric field. Permanent magnets are used in a wide range of applications including household equipment, electronic and medical devices, electricity generation and automobiles among others.

The report on permanent magnets provides a detailed analysis and forecast of the market on a global as well as regional level. On a global level, the market has been segmented on the basis of volume (kilo tons) and revenue (USD million) for a period of time ranging from 2013 to 2019. For anin-depth understanding of the market on the regional level, the demand has been forecasted based on volume (kilo tons) and revenue (USD million). The report includes drivers and restraints and their impact on the growth of the market within the forecast period. Furthermore, the report covers opportunities available for the growth of the market within the forecast period, on a global as well as regional level.

For a detailed understanding of the market, we have given a thorough analysis of the value chain. In addition, we have covered the Porter’s five forces model, which provides a detailed understanding of the intensity of competition present in the market. Furthermore, the study includes a market attractiveness analysis, where the applications are benchmarked based on market size, growth rate and general attractiveness.  

The market has been segmented based on product and applications. The segments have been analyzed and forecast based on volume (kilo tons) and revenue (USD million) during 2013 to 2019.Additionally, the segments have been analyzed and forecast based on current trends at a global as well as regional level, for the given time period. Geographically, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW), and the demand has been analyzed and forecast based on current trends for a period of six years. Additionally, we have provided analysis and forecast of specific countries within each region on basis of volume (kilo tons) and revenue (USD million) for a time period from 2013 to 2019. 

Profiles of certain leading companies have been covered in this report along with a detailed analysis of their market share.The study profiles companies such asAdams Magnetic Products Co., Arnold Magnetic Technologies, Dexter Magnetic Technologies, Inc., Molycorp Inc., Tengam Engineering Inc. andVacuumschmelze among others. The market has been segmented as below:

Permanent Magnets Market: Product Segment Analysis
  • NdFeB
  • SmCo
  • Alnico
  • Ferite
Permanent Magnets Market: Application Analysis
  • Automotive
  • Electronics
  • Energy generation
  • Others (Including laboratories, household applications, etc.)
The report provides a cross-sectional analysis of the product and application segments mentioned above with respect to the following regions:
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Table of Contents




Table of Content

Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
      1.2.1 Global permanent magnets market segmentation
1.3 Research methodology
1.4 Abbreviations

Chapter 2 Executive Summary
2.1 Global demand for permanent magnets, 2012 – 2019 (Kilo Tons) (USD Million)
2.2 Permanent magnets: Market snapshot (2012 and 2019)

Chapter 3 Permanent Magnets – Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
      3.3.1 Growing automotive industry augmenting demand for permanent magnets
      3.3.2 Growth of wind energy generation industry
3.4 Market restraint
      3.4.1 Fluctuating prices of rare earth materials
3.5 Market opportunity
      3.5.1 Rising demand for permanent magnets in hybrid electric vehicles (HEVs)
3.6 Porter’s five force analysis
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat of new entrants
      3.6.4 Threat of substitutes
      3.6.5 Degree of competition
3.7 Permanent magnet: Market attractiveness analysis

Chapter 4 Global Permanent Magnets Market – Product Segment Analysis
4.1 Global permanent magnet market: Product segment overview
      4.1.1 Global permanent magnet market volume share, by product segment, 2012 and 2019
4.2 Permanent magnet market, by product segment
      4.2.1 Ferrite
              4.2.1.1 Global demand for ferrite magnets, 2012 – 2019 (Kilo Tons) (USD Million)
      4.2.2 NdFeB
              4.2.2.1 Global demand for NdFeB magnets, 2012 – 2019 (Kilo Tons) (USD Million)
      4.2.3 SmCo
              4.2.3.1 Global demand for SmCo magnets, 2012 – 2019 (Kilo Tons) (USD Million)
      4.2.4 Alnico
              4.2.4.1 Global demand for alnico magnets, 2012 – 2019 (Kilo Tons) (USD Million)

Chapter 5 Global Permanent Magnets Market – Application Analysis
5.1 Global permanent magnets market: Application overview
      5.1.1 Global permanent magnets market volume share, by application, 2012 and 2019
5.2 Permanent magnet market, by application
      5.2.1 Automotive
              5.2.1.1 Global demand for permanent magnets in automotives, 2012 – 2019 (Kilo Tons) (USD Million)
      5.2.2 Electronics
              5.2.2.1 Global demand for permanent magnets in electronics, 2012 – 2019 (Kilo Tons) (USD Million)
      5.2.3 Energy generation
              5.2.3.1 Global demand for permanent magnets in energy generation, 2012 – 2019 (Kilo Tons) (USD Million)
              5.2.3.2 Global demand for permanent magnets in other applications, 2012 – 2019 (Kilo Tons) (USD Million)

Chapter 6 Global Permanent Magnets Market – Regional Analysis
6.1 Global permanent magnets market: Regional overview
      6.1.1 Permanent magnets market volume share, by region, 2012 and 2019
6.2 North America
      6.2.1 North America permanent magnet demand, volume and revenue, 2012 – 2019 (Kilo Tons) (USD Million)
      6.2.2 North America permanent magnet demand, by product, 2012– 2019 (Kilo Tons) (USD Million)
              6.2.2.1 North America ferrite magnets demand, 2012–2019 (Kilo Tons) (USD Million)
              6.2.2.2 North America NdFeB magnet demand, 2012–2019 (Kilo Tons) (USD Million)
              6.2.2.3 North America SmCo magnets demand, 2012 – 2019 (Kilo Tons) (USD Million)
              6.2.2.4 North America alnico magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
      6.2.3 North America permanent magnet demand, by application, 2012– 2019 (Kilo Tons) (USD Million)
              6.2.3.1 North America permanent magnet demand in automotives, 2012–2019 (Kilo Tons) (USD Million)
              6.2.3.2 North America permanent magnet demand in electronics, 2012–2019 (Kilo Tons) (USD Million)
              6.2.3.3 North America permanent magnet demand in energy generation, 2012–2019 (Kilo Tons) (USD Million)
              6.2.3.4 North America permanent magnet demand in others, 2012–2019 (Kilo Tons) (USD Million)
6.3 Europe
      6.3.1 Europe permanent magnet demand, volume and revenue, 2012– 2019 (Kilo Tons) (USD Million)
      6.3.2 Europe permanent magnet demand, by product, 2012– 2019 (Kilo Tons) (USD Million)
              6.3.2.1 Europe ferrite magnet demand, 2012–2019 (Kilo Tons) (USD Million)
              6.3.2.2 Europe NdFeB magnet demand, 2012–2019 (Kilo Tons) (USD Million)
              6.3.2.3 Europe SmCo magnet demand, 2012–2019 (Kilo Tons) (USD Million)
              6.3.2.4 Europe alnico magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
      6.3.3 Europe permanent magnet demand, by application, 2012 – 2019 (Kilo Tons) (USD Million)
              6.3.3.1 Europe permanent magnet demand in automotives, 2012 – 2019 (Kilo Tons) (USD Million)
              6.3.3.2 Europe permanent magnet demand in electronics, 2012–2019 (Kilo Tons) (USD Million)
              6.3.3.3 Europe permanent magnet demand in energy generation, 2012–2019 (Kilo Tons) (USD Million)
              6.3.3.4 Europe permanent magnet demand in others, 2012–2019 (Kilo Tons) (USD Million)
6.4 China
      6.4.1 China permanent magnet demand, volume and revenue, 2012– 2019 (Kilo Tons) (USD Million)
      6.4.2 China permanent magnet demand, by product, 2012– 2019 (Kilo Tons) (USD Million)
              6.4.2.1 China ferrite magnet demand, 2012–2019 (Kilo Tons) (USD Million)
              6.4.2.2 China NdFeB magnet demand, 2012–2019 (Kilo Tons) (USD Million)
              6.4.2.3 China SmCo magnet demand, 2012–2019 (Kilo Tons) (USD Million)
              6.4.2.4 China alnico magnet demand, 2012–2019 (Kilo Tons) (USD Million)
      6.4.3 China permanent magnet demand, by application, 2012– 2019 (Kilo Tons) (USD Million)
              6.4.3.1 China permanent magnet demand in automotives, 2012–2019 (Kilo Tons) (USD Million)
              6.4.3.2 China permanent magnet demand in electronics, 2012–2019 (Kilo Tons) (USD Million)
              6.4.3.3 China permanent magnet demand in energy generation, 2012–2019 (Kilo Tons) (USD Million)
              6.4.3.4 China permanent magnet demand in others, 2012–2019 (Kilo Tons) (USD Million)
6.5 Asia Pacific (excluding China)
      6.5.1 Asia Pacific (excluding China) permanent magnet demand, volume and revenue, 2012– 2019 (Kilo Tons) (USD Million)
      6.5.2 Asia Pacific (excluding China) permanent magnet demand, by product, 2012– 2019 (Kilo Tons) (USD Million)
              6.5.2.1 Asia Pacific (excluding China) ferrite magnet demand, 2012–2019 (Kilo Tons) (USD Million)
              6.5.2.2 Asia Pacific (excluding China) NdFeB magnet demand, 2012–2019 (Kilo Tons) (USD Million)
              6.5.2.3 Asia Pacific (excluding China) SmCo magnet demand, 2012–2019 (Kilo Tons) (USD Million)
              6.5.2.4 Asia Pacific (excluding China) alnico magnet demand, 2012–2019 (Kilo Tons) (USD Million)
      6.5.3 Asia Pacific (excluding China) permanent magnet demand, by application, 2012– 2019 (Kilo Tons) (USD Million)
              6.5.3.1 Asia Pacific (excluding China) permanent magnet demand in automotives, 2012–2019 (Kilo Tons) (USD Million)
              6.5.3.2 Asia Pacific (excluding China) permanent magnet demand in electronics, 2012–2019 (Kilo Tons) (USD Million)
              6.5.3.3 Asia Pacific (excluding China) permanent magnet demand in energy generation, 2012–2019 (Kilo Tons) (USD Million)
              6.5.3.4 Asia Pacific (excluding China) permanent magnet demand in other applications, 2012–2019 (Kilo Tons) (USD Million)
6.6 Rest of the World (RoW)
      6.6.1 RoW permanent magnet demand, volume and revenue, 2012– 2019 (Kilo Tons) (USD Million)
      6.6.2 RoW permanent magnet demand, by product, 2012– 2019 (Kilo Tons) (USD Million)
              6.6.2.1 RoW ferrite magnet demand, 2012–2019 (Kilo Tons) (USD Million)
              6.6.2.2 RoW NdFeB magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
              6.6.2.3 RoW SmCo magnet demand, 2012–2019 (Kilo Tons) (USD Million)
              6.6.2.4 RoW alnico magnet demand, 2012–2019 (Kilo Tons) (USD Million)
      6.6.3 RoW permanent magnet demand, by application, 2012– 2019 (Kilo Tons) (USD Million)
              6.6.3.1 RoW permanent magnet demand in automotives, 2012–2019 (Kilo Tons) (USD Million)
              6.6.3.2 RoW permanent magnet demand in electronics, 2012–2019 (Kilo Tons) (USD Million)
              6.6.3.3 RoW permanent magnet demand in energy generation, 2012–2019 (Kilo Tons) (USD Million)
              6.6.3.4 RoW permanent magnet demand in others, 2012–2019 (Kilo Tons) (USD Million)

Chapter 7 Company Profiles
7.1 Adams Magnetic Products Co.
      7.1.1 Company overview
      7.1.2 Product portfolio
      7.1.3 Business strategy
      7.1.4 SWOT analysis
      7.1.5 Recent developments
7.2 Arnold Magnetic Technologies
      7.2.1 Company overview
      7.2.2 Product portfolio
      7.2.3 Business strategy
      7.2.4 SWOT analysis
      7.2.5 Recent developments
7.3 Dexter Magnetic Technologies Inc.
      7.3.1 Company overview
      7.3.2 Product portfolio
      7.3.3 Business strategy
      7.3.4 SWOT analysis
      7.3.5 Recent developments
7.4 Electron Energy Corporation
      7.4.1 Company overview
      7.4.2 Product portfolio
      7.4.3 Business strategy
      7.4.4 SWOT analysis
      7.4.5 Recent developments
7.5 Hitachi Metals, Ltd.
      7.5.1 Company overview
      7.5.2 Product portfolio
      7.5.3 Financial overview
      7.5.4 Business strategy
      7.5.5 SWOT analysis
      7.5.6 Recent developments
7.6 Lynas Corporation Ltd.
      7.6.1 Company overview
      7.6.2 Product portfolio
      7.6.3 Financial overview
      7.6.4 Business strategy
      7.6.5 SWOT analysis
      7.6.6 Recent developments
7.7 Molycorp Inc.
      7.7.1 Company overview
      7.7.2 Product portfolio
      7.7.3 Financial overview
      7.7.4 Business strategy
      7.7.5 SWOT analysis
      7.7.6 Recent developments
7.8 OM Group
      7.8.1 Company overview
      7.8.2 Product portfolio
      7.8.3 Financial overview
      7.8.4 Business strategy
      7.8.5 SWOT analysis
      7.8.6 Recent developments
7.9 Shin-Etsu Chemicals Co., Ltd.
      7.9.1 Company overview
      7.9.2 Product portfolio
      7.9.3 Financial overview
      7.9.4 Business strategy
      7.9.5 SWOT analysis
      7.9.6 Recent developments
7.10 Tengam Engineering Inc.
      7.10.1 Company overview
      7.10.2 Product portfolio
      7.10.3 Business strategy
      7.10.4 SWOT analysis
      7.10.5 Recent developments
7.11 Vacuumschmelze GmbH & Co. KG
      7.11.1 Company overview
      7.11.2 Product portfolio
      7.11.3 Financial overview
      7.11.4 Business strategy
      7.11.5 SWOT analysis
      7.11.6 Recent developments

List of Figures 

FIG. 1 Global permanent magnets market segmentation
FIG. 2 Global demand for permanent magnets, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 3 Permanent magnets: Value chain analysis
FIG. 4 Global automotive production (Million Units)
FIG. 5 Global Motor Vehicle Sensors Revenue (USD Million)
FIG. 6 Global wind power capacity, 2012 – 2019 (GW)
FIG. 7 NdFeB raw materials share, by weight and value
FIG. 8 NdFeB raw materials prices, 2006 – 2011 (USD/Kilogram)
FIG. 9 Porter’s five force analysis
FIG. 10 Permanent magnets: Market attractiveness analysis
FIG. 11 Global permanent magnet market volume share, by product segment, 2012 and 2019
FIG. 12 Global demand for ferrite magnets, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 13 Global demand for NdFeB magnets, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 14 Global demand for SmCo magnets, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 15 Global demand for alnico magnets, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 16 Global permanent magnet market volume share, by application, 2012 and 2019
FIG. 17 Global demand for permanent magnets in automotives, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 18 Global demand for permanent magnets in electronics, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 19 Global demand for permanent magnets in energy generation, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 20 Global demand for permanent magnets in other applications, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 21 Permanent magnet market volume share, by region, 2012 and 2019
FIG. 22 North America permanent magnet demand, volume and revenue, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 23 North America ferrite magnets demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 24 North America NdFeB magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 25 North America SmCo magnets demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 26 North America alnico magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 27 North America permanent magnet demand in automotives, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 28 North America permanent magnet demand in electronics, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 29 North America permanent magnet demand in energy generation, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 30 North America permanent magnet demand in others, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 31 Europe permanent magnet demand, volume and revenue, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 32 Europe ferrite magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 33 Europe NdFeB magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 34 Europe SmCo magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 35 Europe alnico magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 36 Europe permanent magnet demand in automotives, 2012 - 2019 (Kilo Tons) (USD Million)
FIG. 37 Europe permanent magnet demand in electronics, 2012 -2019 (Kilo Tons) (USD Million)
FIG. 38 Europe permanent magnet demand in energy generation, 2012 -2019 (Kilo Tons) (USD Million)
FIG. 39 Europe permanent magnet demand in others, 2012 -2019 (Kilo Tons) (USD Million)
FIG. 40 China permanent magnet demand, volume and revenue, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 41 China ferrite magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 42 China NdFeB magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 43 China SmCo magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 44 China alnico magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 45 China permanent magnet demand in automotives, 2012 -2019 (Kilo Tons) (USD Million)
FIG. 46 China permanent magnet demand in electronics, 2012 -2019 (Kilo Tons) (USD Million)
FIG. 47 China permanent magnet demand in energy generation, 2012 -2019 (Kilo Tons) (USD Million)
FIG. 48 China permanent magnet demand in others, 2012 -2019 (Kilo Tons) (USD Million)
FIG. 49 Asia Pacific (excluding China) permanent magnet demand, volume and revenue, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 50 Asia Pacific (excluding China) ferrite magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 51 Asia Pacific (excluding China) NdFeB magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 52 Asia Pacific (excluding China) SmCo magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 53 Asia Pacific (excluding China) alnico magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 54 Asia Pacific (excluding China) permanent magnet demand in automotives, 2012 -2019 (Kilo Tons) (USD Million)
FIG. 55 Asia Pacific (excluding China) permanent magnet demand in electronics, 2012 -2019 (Kilo Tons) (USD Million)
FIG. 56 Asia Pacific (excluding China) permanent magnet demand in energy generation, 2012 -2019 (Kilo Tons) (USD Million)
FIG. 57 Asia Pacific (excluding China) permanent magnet demand in others, 2012 -2019 (Kilo Tons) (USD Million)
FIG. 58 RoW permanent magnet demand, volume and revenue, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 59 RoW ferrite magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 60 RoW NdFeB magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 61 RoW SmCo magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 62 RoW alnico magnet demand, 2012 – 2019 (Kilo Tons) (USD Million)
FIG. 63 RoW permanent magnet demand in automotives, 2012 -2019 (Kilo Tons) (USD Million)
FIG. 64 RoW permanent magnet demand in electronics, 2012 -2019 (Kilo Tons) (USD Million)
FIG. 65 RoW permanent magnet demand in energy generation, 2012 -2019 (Kilo Tons) (USD Million)
FIG. 66 RoW permanent magnet demand in others, 2012 -2019 (Kilo Tons) (USD Million)

List of Tables

TABLE 1 Permanent magnets: Market snapshot (2012 and 2019)
TABLE 2 Drivers for permanent magnet market: Impact analysis
TABLE 3 Restraint for permanent magnet: Impact analysis

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Free Market Analysis




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. Demand for other permanent magnets such as alnico and SmCo is expected to be steady due to a substantially high demand from other magnets.

Demand for permanent magnets was highest from automotives, accounting for over 45% of the global demand in 2012. The demand for magnets in automotives has been growing rapidly over the past few years and is expected to follow a similar trend over the next few years. These materials are being used for a wide range of automotive applications such as gearbox, alternators, motors and pollution control among others. However, permanent magnets are expected to witness highest demand from energy generation sector over the next few years. Changing lifestyles and improvements in technology has led to a significant rise in electronic industry as well, leading to higher demand for permanent magnets. On account of cost effective and reliable energy with growing demand for electricity for various industrial and household purposes, the demand for clean and cheap electricity is expected to increase exponentially. Permanent magnets used in turbines, applied in wind energy generation industries has been significantly growing and is expected to follow a similar trend in the next six years.

The permanent magnets demand was highest from China in 2012 accounting for 65% of the global market, owing to growing demand from manufacturing industries such as automotives and electronics. The automotive industry is currently the largest in China and is expected to significantly grow with the favorable economic conditions and improved infrastructure facilities. Demand for permanent magnets has also been highly prevalent in Asia Pacific (excluding China), owing to the growth of wind power, automotive and electronic industries. However, demand from other regions such as North America is expected to be below average due to non-availability of rare earth elements due to ban of Chinese exports of rare earth elements. The ban significantly increased the prices of dysprosium and neodymium which hampered the rare earth magnet industries in these regions.

Companies such as Adams Magnetic Products Co., Arnold Magnetic Technologies, Dexter Magnetic Technologies, Electron Energy Corporation, Hitachi Metals Ltd., Lynas Corporation Ltd., Molycorp Inc., OM Group and Shin-Etsu Chemicals Co., Ltd. among others are certain key players present in the global permanent magnets market. In addition, the permanent magnet market is fragmented due to presence of several medium and small scale permanent magnet manufacturers on a global as well as regional level. Furthermore, certain companies have a limited product portfolio for magnets and refrain from producing all the four types of magnets.

global-permanent-magnet-market-volume-share-by-product-segment-2012-and-2019
 

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