Global Rare Earth Magnet Market to Exhibit a CAGR of 6.04% between 2019 and 2026, Predicts QY Research
“Global Rare Earth Magnet Market” report is an extensive analysis of Rare Earth Magnet industry conducted by following top product positioning and monitoring the top players within the market framework. The report will assist reader with better market understanding and decision making.
Los Angeles, USA – July 30, 2019 /MarketersMedia/ —
In a recent study published by QY Research, titled “Global Rare Earth Magnet Market Insights, Forecast to 2026,” offers an in-depth analysis of the market. The research analyzes the market status, share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter’s five forces analysis.
In 2018, the global rare earth magnet valuation was US$7212.13 mn from US$5573.78 mn in 2014, and it will reach 10596.21 mn US$ in 2026, rising at CAGR of 6.04% between 2019 and 2026.
Global Rare Earth Magnet Market: Drivers
Rare earth magnets are durable, light weight, and small in size, which makes them easier to use in machinery. These magnets have their own magnetic fields and do not get demagnetized unless heated at Curie’s temperature. Rare earth magnets are alloy of elements such as neodymium, dysprosium, and samarium. The increase in technological developments in aerospace industry, automobiles industry, electronics, electricity production, wind energy generation, and other industries have increased the demand for permanent magnets. These magnets are used in day to day products, using permanent magnets ensures longevity. Hence there have been a rising market for the rare earth magnets.
Global Rare Earth Magnet Market: Segment Analysis
The global rare earth magnet market is segmented on the basis of type and application. The type includes rare-earth sintered magnet, rare-earth bonded magnet, and others. The application is divided into automotive, aerospace and defense, power generation, consumer goods and electronics, industrial machinery, and other.
Global Rare Earth Magnet Market: Geographical Outlook
The rare earth magnet market is divided into North America, Asia Pacific, Europe, Russia, and the Middle East and Africa. The market share for the production and consumption of rare earth magnets is distributed among different countries. China is the largest, permanent magnet producer in Asia Pacific. The United States after China has the largest market for rare earth magnets. Apart from these two producers, countries such as Korea, Southeast Asia, Europe, and others also account a significant share in the rare earth magnet market.
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Global Rare Earth Magnet Market: Key Players
The leading manufacturers in rare earth market are Hitachi Metals Group, Shin-Etsu, TDK, VAC, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, YSM, JL MAG, ZHmag, Jingci Material Science, AT&M, NBJJ, Innuovo Magnetics, SGM, Galaxy Magnetic, Zhejiang Zhongyuan Magnetic, Earth- Panda, Magsuper, Daido Electronics and Pinghu Geor Chi Electronics.
Global Rare Earth Magnet Market: Competitive Landscape
Strategies such as new technologies, mergers and acquisitions, and joint ventures are expected to help the companies to boost their market share. The rise in automotive industry is expected to positively affect the market. Industries producing machineries will be moving towards new product development. Along with China, which dominates the market for rare earth magnets, other countries are also expected to show steady growth.
Recently, Lynas which is an Australian company, tied up Blue Line, a company in Texas for a new heavy metal separation facility in the U.S. for extraction of raw materials required for rare earth magnets. This facility is expected to open by 2021. America, Australia, and Japan are expanding in order to take over Asia-Pacific rare earth magnet market.
Table of Contents
1 Study Coverage
1.1 Rare Earth Magnet Product Introduction
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Growth Rate
2.1 Global Rare Earth Magnet Production
2.2 Rare Earth Magnet Growth Rate (CAGR) 2019-2026
2.3 Analysis of Competitive Landscape
2.4 Market Drivers, Trends and Issues
3 Market Size by Manufacturers
3.1 Rare Earth Magnet Production by Manufacturers
3.2 Rare Earth Magnet Revenue by Manufacturers
3.3 Rare Earth Magnet Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans
4 Rare Earth Magnet Production by Regions
4.1 Global Rare Earth Magnet Production by Regions
4.2 North America
4.3 Europe
4.4 China
4.5 Japan & Korea
4.6 Southeast Asia
5 Rare Earth Magnet Consumption by Regions
5.1 Global Rare Earth Magnet Consumption by Regions
5.2 North America
5.3 Europe
5.4 Asia Pacific
5.5 Central & South America
5.6 Middle East and Africa
6 Market Size by Type
6.1 Global Rare Earth Magnet Breakdown Dada by Type
6.2 Global Rare Earth Magnet Revenue by Type
6.3 Rare Earth Magnet Price by Type
7 Market Size by Application
7.1 Overview
7.2 Global Rare Earth Magnet Breakdown Dada by Application
8 Manufacturers Profiles
9 Production Forecasts
9.1 Rare Earth Magnet Production and Revenue Forecast
9.2 Rare Earth Magnet Production and Revenue Forecast by Regions
9.3 Rare Earth Magnet Key Producers Forecast
9.4 Forecast by Type
10 Consumption Forecast
10.1 Consumption Forecast by Application
10.2 Rare Earth Magnet Consumption Forecast by Regions
10.3 North America Market Consumption Forecast
10.4 Europe Market Consumption Forecast
10.5 Asia Pacific Market Consumption Forecast
10.6 Central & South America Market Consumption Forecast
10.7 Middle East and Africa Market Consumption Forecast
11 Upstream, Industry Chain and Downstream Customers Analysis
11.1 Analysis of Rare Earth Magnet Upstream Market
11.2 Rare Earth Magnet Industry Chain Analysis
11.3 Marketing & Distribution
11.4 Rare Earth Magnet Distributors
11.5 Rare Earth Magnet Customers
11.6 Major Downstream Buyers Profile
12 Opportunities & Challenges, Threat and Affecting Factors
12.1 Market Opportunities
12.2 Market Challenges
12.3 Porter’s Five Forces Analysis
13 Key Findings
14 Appendix
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Contact Info:
Name: Rahul Singh
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Organization: QY Research, INC.
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