9.3% Estimated Growth for Global Magnetic Materials Market from 2021-26

The global Magnetic Materials market was valued at US$ 6069 million in 2019 and it is expected to reach US$ 11310 million by the end of 2026, growing at a CAGR of 9.3% during 2021-2026.

Magnetic material, the magnetic material that says normally is to point to strong magnetic material, it is ancient and the functional material with very extensive use.Over the next eight years, we expect global revenue to grow at a compound annual rate of 9 per cent.China is the world’s largest exporter and manufacturer of magnetic materials, while Japan was the second largest market for magnetic materials in 2018.In the industry, the consumer electronics industry has the largest revenue in recent years in 2018, while the communication industry and the computer industry rank the 2nd and 3rd respectively, with market share of 26%, 23% and 22% respectively in 2018. Due to different strategies, the market share gap keeps widening.At present, there are two types of magnetic materials: soft magnetic materials and permanent magnetic materials.Soft magnetic materials are the main type of magnetic materials. In 2018, the output of soft magnetic materials was about 250,000 tons, accounting for 64 percent of the global share.Magnetic material technology has been relatively mature, new enterprises in the short term can not surpass the reputation and design of the existing well-known brands.The team therefore recommends that new entrants be carefully considered before entering the field.As emerging market application development, such as automotive electronics, LEDTV, LED lighting, EMC, 4 c (computer, communications, radio and television, content service) and 4 g, 5 g communications, smart grid, the Internet of things, such as new energy vehicles in the development of emerging markets, will provide more development for the development of Chinese magnetic material industry new opportunities.Magnetic materials also face two major development opportunities: one is the opportunity for environmental protection and energy conservation, the other is the opportunity brought by the international industrial transfer.With the development of China’s environmental protection and the implementation of the national strategy of building a conservation-oriented society soft magnetic ferrite is facing a great historical opportunity.On the one hand, magnetic materials have been applied more fully in recent years under the guidance of energy-saving and environmental protection concepts.On the other hand, magnetic materials industry is a high energy consumption and labor-intensive industry. With the increase of energy shortage and labor cost, foreign magnetic materials production is gradually transferred from developed countries to developing countries. Foreign manufacturers have set up factories in China or cooperated with domestic manufacturers to carry out industrial transfer.China’s domestic magnetic material manufacturers continue to grow, China has become a major producer of magnetic materials.

Global Magnetic Materials Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Magnetic Materials Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Hitachi Metals, Ltd., Tdk, Ningbo Keningda Industry Co., Ltd., Dmegc, Lingyi Itech (Guangdong) Company, Ningbo Yunsheng, Anhui Antai Technology Co., Ltd, Shin-Etsu Chemical Co., Ltd., Zhenghai Group Co., Ltd., Innuovo, Vac, Arnold Magnetic, Galaxy Magnets, Tdg Holding Co., Ltd and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-magnetic-materials-market-research-report

Segment by Type

  • Soft Magnetic Material
  • Permanent Magnetic Material

Segment by Application

  • Automotive
  • Computer
  • Communications
  • Consumer
  • Other Industries

Table of Content:

1 Magnetic Materials Market Overview

2 Magnetic Materials Market Competition by Manufacturers

3 Magnetic Materials Retrospective Market Scenario by Region

4 Global Magnetic Materials Historic Market Analysis by Type

5 Global Magnetic Materials Historic Market Analysis by Application

6 Key Companies Profiled

7 Magnetic Materials Manufacturing Cost Analysis

8 Marketing Channel, Distributors and Customers

9 Magnetic Materials Market Dynamics

10 Global Magnetic Materials Market Forecast

11 Research Finding and Conclusion

12 Methodology and Data Source

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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