Magnetic Materials Market
                     Magnetic Materials Market Report covers Consumption, Sales, Revenue and Positive Outlook 
towards 2026
Magnetic materials possess magnetic properties and have ability to produce the magnetization. 
They can be magnetized or naturally possess magnetic properties. According to ease of 
magnetization, magnetic materials are classified as hard, semi-hard, and soft magnets. Hard 
magnetic materials are suitable for permanent magnets while soft for temporary. Hard magnetic 
materials have wide range of applications from toys and refrigerator magnets to electromotors, 
loudspeakers, windshield wipers, locks, and microphones-and high-tech devices such as hard disk 
drives. Soft magnetic materials are used in high and low-frequency applications such as 
transformer cores, microwave applications, and recording heads. Magnetic materials ranging from 
hard and soft are extensively used as recording media. Rapid industrialization, specifically in 
emerging economies such as India and China, demand for alternative power sources, such as 
windmill and water turbine are driving growth of the magnetic material market.
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According to U.S. Geological Survey report, in 2017, China led the world production of rare earth
materials from 2007, accounted for more than 90 percent of global production and supply. The
magnetic materials are used in the production and distribution of electricity and used as the chief
component of many electronics and electrical devices.
 Market Dynamic s  
•A major  driver  for  growth  of  the  global  magnetic  materials  market  is  the  growing
automobile industry. The shift from the conventional fuel vehicles towards electric vehicles
is  a major factor fueling market growth. According to International Energy, over 750
thousand sales were registered for electric cars in 2016. Automotive manufacturers are
shifting towards the magnetic motors system. For instance, Tesla uses the magnetic motor
in its Model 3 Long Range car, which uses rare earth element neodymium.
Market Outlook
•According to magnetic materials analysis, Asia Pacific held the dominant position in the
market in 2017. The Asia Pacific is projected to maintain its dominance throughout the
forecast  period,  owing  to  the  expansion  of  the  automobile  industry  in  the  region.
Automobile production in economies such as China, India, Japan, and South Korea is
continuously increasing. According to European Automobile Manufacturers Association 2014
report, Asia Pacific accounted for the largest share of 60% in passenger car production in
2013, with a major share of China.
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Key players in Global Magnetic Materials Market
•Key players operating in the global magnetic materials market include Arnold Magnetic
Technologies  Corporation, Daido Steel  Co. Ltd.,  Dexter  Magnetic Technologies,  Hitachi
Metals Ltd.,  GKN Plc.,  Molycorp Inc.,  Shin-ETSU Chemical Co.,  Ltd.,  Electron Energy
Corporation, Lynas Corporation Ltd., TDK Corporation, and Tengam Engineering Inc.
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company to gauge the market dynamics and provide accurate estimates. Key components of the
research methodologies followed for all our market reports include:
• Primary Research (Trade Surveys and Experts Interviews)
• Desk Research
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In  addition  to  this,  Coherent  Market  Insights  has  access  to  a  wide  range  of  the  regional
and global reputed paid data bases, which helps the company to figure out the regional and
global market trends and dynamics. The company analyses the industry from the 360 Degree
Perspective i.e.  from the Supply Side and Demand Side which enables  us  to  provide granular
details  of  the entire ecosystem for each study. Finally,  a Top-Down approach and Bottom-Up
approach is followed to arrive at ultimate research findings.
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