Sintered magnets refer to permanent magnets manufactured through a metallurgical process called sintering which involves heating and compacting (finely pulverized) magnetic powder into the desired shape and size. Liquid phase sintering is the preferred process for manufacturing permanent sintered magnets. Post sintering, these magnets are machined to achieve dimensional accuracy and be prepared for application. Sintered permanent magnets are widely used across the globe. They are available in several sizes and exhibit substantial variety in terms of style. Several magnetic powders and mixtures are used to manufacture sintered magnets. These include elements such as iron, cobalt, aluminum, nickel, neodymium, samarium, and boron.

Sintered magnets are powerful and exhibit high magnetic strength required for most applications in the industry. These magnets perform better and deliver substantial output in applications such as electric motors, generators, alternators, hard disks, and servo motors. They are revolutionizing energy storage and power generation. Permanent sintered magnets help increase the efficiency of generator motors, drive motors, and servo motors, resulting in significant power savings. Furthermore, they are imperative in the manufacture of hard drives and other electronic & electrical applications. With demand for hard drives soaring due to the monumental rise in data production every year, the need for permanent magnets is also bound to increase substantially. On the other hand, sintered magnets made of rare earth elements such as sintered NdFeB and SmCo are facing severe raw material supply issues. China is the world’s leading producer of rare earth metals, which is why its trade policies and stockpiling of rare earth elements are causing disruptions in the production of sintered rare earth magnets, restraining the market supply.

The sintered magnet market can be segmented based on product type into the sintered rare earth & sintered ferrite, AlNiCo, and other varieties. Sintered rare earth magnets can be further divided into the NdFeB and SmCo sub-varieties. Sintered ferrite magnets are extensive used as they offer decent properties and are relatively inexpensive. However, sintered rare earth magnets have developed their niche and become irreplaceable in certain applications. On the basis of orientation, sintered magnets are bifurcated into the isotropic and anisotropic categories. By application, sintered magnets find significant usage in almost all sectors including automotive, electrical, electronics, industrial, power generation, consumer goods, and others. Electronics is a significant application closely flowed by automotive and consumer goods.

Geographically, the global sintered magnet market can be distributed over Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia Pacific is a major market for sintered magnets as Japan, China, and South Korea are electronics manufacturing hubs, resulting in monumental consumption of magnets in these countries. Furthermore, India, China, and Japan also possess emerging automotive industries. Europe is the next big market for sintered magnets primarily due to demand from the region’s immense automotive production. Furthermore, its shift from fossil fuels to renewables, primarily wind energy, is anticipated to fuel the demand for sintered NdFeB for wind turbine generators. North America also retains established consumer goods and automotive industries, leading to significant demand for sintered magnets in the region.       

Prominent players operating in the global sintered magnet market include Arnold Magnetic Technologies, Neo Magnequench, and Alliance LLC. However, the market is largely dominated by numerous unorganized manufactures from China.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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