The report “Magnetic Materials Market by Type (Soft and Permanent Magnetic Materials) and by Application (Industrial, Electronics, Automotive, Paints & Coatings, Industrial, Energy Generation, Aerospace & Defense, and Others) - Global Trends & Forecasts to 2020”, defines and segments the magnetic materials market with an analysis and forecast for types and applications by volume as well as value.
Browse 76 market data tables and 47 figures spread through 210 pages and in-depth TOC on “Magnetic Materials Market”
Early buyers will receive 10% customization on this report.
The global magnetic materials market is projected to reach $45 billion by 2020 and register a CAGR of 8.9% between 2015 and 2020 in terms of value.
“Asia-Pacific is anticipated to be the fastest-growing region in magnetic materials market”
The enormous potential of magnetic materials market is expected to attract various small and big level industry players. The Magnetic Materials Market is estimated to grow at a good pace globally between 2015 and 2020. Though the market size of magnetic materials is large in Asia-Pacific region, it is projected to register highest growth rate due to rising demand from several applications, especially in countries such as China and Japan. The magnetic materials market in Europe is anticipated to register a slow growth rate whereas it is estimated to grow at a significant rate in the North America between 2015 and 2020. The magnetic materials market is still in its infancy in RoW region including the Middle East, Africa, and South America.
Inquiry of this report @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=397
“Permanent magnets to dominate the magnetic materials market”
Permanent magnets are made of diverse materials that range from ferrite to rare earth elements. Permanent magnet had the largest market share in 2014 and is projected to dominate the global magnetic materials market by 2020. Factors such as increasing demand for miniaturization and growing use in applications such as industrial, automotive, and electrical will continue to drive the growth for this segment in the global magnetic materials market in the forecasted period.
“The automotive segment is the key application of the global magnetic materials market”
Industrial, automotive, and electronics segments dominated the magnetic materials market accounting for nearly 70% share of the global market in 2014 in terms of value. The increasing demand for electricity coupled with rapid industrialization and need for advanced technological developments in the field of energy generation and other critical applications is expected to sustain the growth for these segment of magnetic materials market between 2015 and 2020. The fastest growth rate till 2020 in the magnetic materials market is projected to come from automotive application. Magnetic materials are used for a wide range of applications in automotive segment such as gearbox, alternators, and pollution control. The Asia-Pacific region is anticipated to drive the global demand for magnetic materials in automotive application.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Subscribe Reports from Chemical Domain @ http://www.marketsandmarkets.com/Subscription.html
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252