Global Permanent Magnets Markets, 2020-2027 – Demand from the Consumer Goods and Electronics Sectors for Smartphones, Laptops, and Air Conditioners to Drive Market Growth

Dublin, Dec. 23, 2020 (GLOBE NEWSWIRE) — The “Permanent Magnets Market Size, Share & Trends Analysis Report by Material (Ferrite, NdFeB, Alnico, SmCo), by Application (Medical, Consumer Goods & Electronics), by Region, and Segment Forecasts, 2020 – 2027” report has been added to ResearchAndMarkets.com’s offering.
The global permanent magnets market size is anticipated to reach USD 32.86 billion by 2027, expanding at a CAGR of 5.9% from 2020 to 2027.Asia Pacific is anticipated to register the fastest growth rate in terms of volume across the forecast period, on account of increasing production activities in the medical equipment and electronics sectors in countries like China and IndiaBy material, NdFeB held the largest revenue share of more than 66.0% in 2019 owing to its characteristics and high costThe automotive application segment is anticipated to register a CAGR of 2.3% in terms of volume during the forecast period, on account of increasing emphasis on electric vehicle manufacturing, which is propelling the demand for electric motorsThe medical application segment is expected to register the fastest growth rate of 6.8% in terms of volume over the forecast period, owing to the sudden surge in demand for medical equipment during the COVID-19 outbreakThe consumer goods and electronics application segment accounted for the largest revenue share of more than 26.0% in 2019 owing to the increasing adoption of permanent magnets in various appliances and electronic products.Key Topics Covered:Adams Magnetic Products Co.Earth-Panda Advance Magnetic Material Co., Ltd.Arnold Magnetic TechnologiesDaido Steel Co., Ltd.Eclipse Magnetics Ltd.Electron Energy CorporationGoudsmit Magnetics GroupHangzhou Permanent Magnet GroupHitachi Metals Ltd.Magnequench International, LLCNingbo Yunsheng Co., Ltd.Ninggang Permanent Magnetic Materials Co., Ltd.Shin-Etsu Chemical Co., Ltd.TDK CorporationThomas & Skinner, Inc.Vacuumschmelze GmbH & Co. KgUgimag Korea Co., Ltd.SsangYong Materials Corp.Pacific Metals Co., Ltd.For more information about this report visit https://www.researchandmarkets.com/r/sx1n8bResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com
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