Magnetic Materials Market Global Market Opportunity Assessment Study 2027

1. Magnetic Materials Market Size, Share, Investment Opportunities, Top Regions, Growth & Forecast by 2027 The Global Magnetic Materials Market is projected to reach a value of over USD 176 billion by 2027 at a CAGR of around 9.1%. Magnetic Material is an object that produce magnetic field. The Magnetic material response magnetic material responds to the applied magnetic field either in the form of attraction or repulsion by generating magnetization or demagnetization property. A magnetic material can be classified in permanent or temporary, soft, semi-hard or hard, each of them with specific properties and uses. These materials are used in various application including automotive, electronics, power generation, industrial, and others. Get Sample Copy of This Report @ https://www.forencisresearch.com/magnetic-materials- market-sample-pdf/ Magnetic Materials Market: Drivers & Challenges Market Driver: Growing Automotive Industry The high-quality magnetic material is used in processing automotive bodies and use of advanced technologies boost the market. Automotive industry has much to explore in terms of growth. Moreover, in the automotive industry, magnetic materials are used for anti-lock brake systems, compressors, fuel injectors, motors, and various rotating devices. Shift in trend from fuel-based vehicles to electric vehicles in the automotive industry is expected to drive the use of soft magnetic material in automotive applications. Electric car deployment has been growing rapidly over the past ten years, with the global stock of electric passenger cars passing 5 million in 2018, an increase of 63% from the previous year. Around 45% of electric cars on the road in 2018 were in China – a total of 2.3 million – compared to 39% in 2017. In comparison, Europe accounted for 24% of the global fleet, and the United States 22%. Thus, the increasing shift towards the use of electric vehicles is expected to boost the demand for global magnetic material market Market Restraint:

2. Fluctuating Cost of the Raw Materials A number of materials such as ferrite, neodymium, alnico, samarium cobalt, and others used for the manufacturing of magnetic materials. Neodymium (Nd) is a rare earth element on the earth. Although part of the rare earth family neodymium is relatively abundant and is no rarer than copper. Neodymium is mixed with iron and boron as well as traces of other elements such as dysprosium and praseodymium to produce a ferromagnetic, a strongest magnetic material in the world. Moreover, alnico is an acronym of aluminium, nickel and cobalt; the three primary elements which are used to create alnico magnetic material. the above- mentioned raw materials are the rare on the earth. Volatility in the prices of these materials is a major factor likely to hamper the market growth during the assessment period. The price fluctuations are attributed to the mining and extraction of the raw materials, which are dependent on geological and geopolitical factors. Magnetic Materials Market: Key Segments Segmentation based on type: Hard/Permanent Magnet, Semi-Hard Magnet, Soft Magnet Segmentation based on application: Automotive, Electronics, Industrial, Power Generation and Others Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis. Magnetic Materials Market: Report Scope The report on the Magnetic Materials market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered Request Report Methodology On Competition On Global Magnetic Materials Market Here @ https://www.forencisresearch.com/magnetic-materials-market-request-methodology/ List of the leading companies operating in the Magnetic Materials Market include: Hitachi Metals, Ltd. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis) Daido Steel Co., Ltd. Molycorp Magnequench

3. Shin-ETSU Chemical Co., Ltd. TDK Corporation Lynas Corporation Ltd. Arnold Magnetic Technologies Corporation Electron Energy Corporation Tengam Engineering, Inc. Adams Magnetic Products Co., Inc. To Understand How COVID-19 Impact is Covered in This Report. Consult with an Analyst @ https://www.forencisresearch.com/magnetic-materials-market-consult-with-an-analyst/ Magnetic Materials Market: Report Segmentation For the scope of the report, In-depth segmentation is offered by Forencis Research Magnetic Materials Market, by Type Hard/Permanent Magnet Semi-Hard Magnet Soft Magnet Magnetic Materials Market, by Material Automotive Electronics Industrial Power Generation Others Magnetic Materials Market by Region Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific) North America (US, Canada, Mexico) Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe) Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) South America (Brazil, Argentina, Rest of South America)

4. Purchase this Premium Industry Research Report with Analysis @ https://www.forencisresearch.com/magnetic-materials-market-consult-with-an-analyst/ About Forencis Research Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”. Contact Us FORENCIS RESEARCH Phone: +1 (720) 306 9020 Email:info@forencisresearch.com For more market research insights, please visit https://www.forencisresearch.com