Date of Publication: Mar 25, 2016
The scope of this report is broad and covers several types of permanent magnets used globally; it is broken down into four major types based on the magnetic material used in production, which includes alnico, neodymium, samarium-cobalt and ferrite. Each type is further divided on the basis of production process, which primarily includes sintering and bonding. The major applications of permanent magnets are in electric-motors, generators, medical devices, sonic equipment, magnetic sensors and transducers, and consumer electronics. The market for each type of permanent magnet in these applications and the market for each type of permanent magnet by region is also covered in this report. The global permanent magnet market is expected to grow from nearly $13.4 billion in 2015 to roughly $20 billion by 2020, with a compound annual growth rate (CAGR) of 8.4% for the period of 2015-2020.