Global Permanent Magnet Market Industry | Market Reports Library

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Permanent Magnet market Growth, Trends, Forecasts
(2019 - 2025)
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Permanent Magnet Market Overview
The Permanent Magnet market is expected to grow
from USD 19.38 billion in 2019 to USD 32.34
billion by 2025 at a CAGR of 8.91 from 2019 to
2025. A permanent magnet is an entity that is
designed by ferromagnetic material, which uses a
strong magnetic field to magnetize. Permanent
magnet retains its magnetic properties in the
absence of an inducing field or current.
High-quality permanent magnet forms a high
magnetic field with low mass and stable against
the influences which would demagnetize it.
Growing adoption of a permanent magnet for
manufacturing high-performance products such as
radar arrays, door actuators, fluid flow meters,
and braking systems in aircraft is anticipated to
drive the growth of the global market over the
estimated period. In addition, increasing
preference towards magnetic systems for
manufacturing products in space applications such
as in jets and military helicopters is another
important factor projected to fuel the growth of
the target market. Furthermore, technological
advancements in the product manufacturing process
with cost-effective methods such as hydrogen
decrepitation and powder method and increasing
adoption of permanent magnet in medical imaging
devices are expected to support the development
of this market in the near future. The global
market is segregated on the basis of End User as
Environment Energy, Aerospace Defense,
Others, Consumer Electronics, General Industrial,
Automotive, and Medical Technology. Based on Type
the global market is segmented in Alnico Magnet,
Others, Neodymium Iron Boron Magnet, Ferrite
Magnet, and Samarium Cobalt Magnet. View
Complete Report _at_ https//marketreportslibrary.com
/report/cm0123/permanent-magnet-market
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Permanent Magnet Market Key Players
The report scope includes a detailed competitive
outlook covering market shares and profiles key
participants in the market share. Major industry
players with significant revenue share include
Hitachi Metals, Ltd. (Japan), Daido Steel Co.,
Ltd. (Japan), TDK Corporation (Japan), Shin-etsu
Chemical Co., Ltd. (Japan), Arnold Magnetic
Technologies (U.S.), Lynas Corporation Ltd.
(Australia), Electron Energy Corporation (U.S.),
Tengam Engineering, Inc. (U.S.), Adams Magnetic
Products Co., Inc. (U.S.), Bunting Magnetics Co.
(U.S.), and others.  
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Table Of Content

• Introduction
• Research Methodology
• Executive Summary
• Market Dynamics
• Permanent Magnet Market, By End-User
• Permanent Magnet Market, By Type
• Permanent Magnet Market, By Region
• Company Profiles
• Appendix
•  

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