The market size of magnetic materials is projected to reach USD96.00billion by 2020, registering a CAGR of 9.6% between 2015 and 2020. The magnetic materials meet the specific requirement of industries, such as automobile, energy storage, electrical & electronics, and medical. New technologies are introduced every year that improve the size, weight, and cost of these materials. The increasing use of magnetic materials and infrastructure development has offered enormous opportunities in to the market in Asia-Pacific.
Complete report on global magnetic materials market spread across 116 pages, profiling 11 companies and supported with 71 tables and 38 figures is now available at http://www.rnrmarketresearch.com/magnetic-materials-market-by-type-soft-and-permanent-magnetic-materials-and-by-application-industrial-electronics-automotive-paints-coatings-industrial-energy-generation-aerospace-defense-market-report.html .
“Automotive application to dominate the market”
The automotive application segment dominated the global magnetic materials market in 2014.It is projected to register the highest growth rate between 2015and 2020.Rapid growth of the automotive industry, especially, in Asia-Pacific, drives the use of magnetic materials in the automotive application segment, thus boosting the market growth.
“Asia-Pacific projected to be fastest-growing market during forecast period”
Asia-Pacific is projected to be the largest and fastest-growing market for magnetic materials globally. The increase in disposable income and industrial growth in Asia-Pacific led to the increasing demand for high-performance magnetic materials. In addition, there has been a consistent rise in number of vehicles in the region over the past decade, which fuels the demand for magnetic materials in the region.
Break-up of profile of primaries for the report
- By Company Type – Tier 1–24%, Tier 2–47%, and Tier 3–29%
- By Designation– C-level– 38%, Director Level–31%, Others–31%
- By Region– North America–31%, Europe–44%, Asia-Pacific–19%, and RoW–6%
This is a premium research report priced at US $4650 for a single user PDF, a discount on “Magnetic Materials Market by Type (Semi-Hard Magnet, Soft Magnet, Hard/Permanent Magnet) & by Application (Automotive, Electronics, Industrial, Power Generation, and Others) - Global Forecasts to 2020” can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=313968 .
Some of the major companies profiled in this report areHitachi Metals Ltd. (Japan), Daido Steel Co. Ltd. (Japan), Molycorp Magnequench (Canada), Shin-Etsu Chemical Co. Ltd. (Japan), TDK Corp. (Japan), and others.
Reasons to buy the report
While making strategic decisions in business, timely and useful information is required. This report fulfills the requirements of various stakeholders, including material suppliers, product manufacturers, investors, and executives. Some of the salient features of this report are:
- Porter’s Five Forces Analysis
- Value-chain Analysis
- Market Segmentation (Type, Application, and Region), by Volume and Value
- Competitor Analysis
- Detailed Information on Strategic Developments in the Industry
Explore more reports on Materials & Chemicals Market at http://www.rnrmarketresearch.com/reports/materials-chemicals .
RnRMarketResearch.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune - 411013
Connect with Us:
G+ / Google Plus: https://plus.google.com/104156468549256253075/posts
RSS / Feeds: http://www.rnrmarketresearch.com/feed