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(IT-NEWSWIRE.COM, February 14, 2018 ) Permanent magnets are those which retain their magnetic properties even in the absence of an inductive field. Permanent rare earth magnets are the strongest available magnets and are broadly based on two rare earth elements - neodymium and samarium. The rare earth here is a misnomer and these elements are abundantly available in the earth crust. However, due to difficulty and high-cost involvement in refining and purification process, these metals are very costlier limiting the application areas for permanent rare earth magnets.
Currently, China is the global leader in rare earth oxide supply covering more than 90% of the global market. This has translated to Chinese dominance in rare earth magnets market. After China, Japan is the major market for rare earth magnets. Although a significant portion of products end-up being utilized in developed countries of the US and Western Europe; these products are largely sourced from developing countries in South Asian region. The increasing demand for efficient products across the industries would drive the demand for rare earth magnets with highest growth rate expectations from wind turbine market.
For more information about this report: http://www.reportsweb.com/permanent-rare-earth-magnets-market-2015-2022
The study of the global permanent rare earth magnets market provides the market size information and market trends along with the factors and parameters impacting it in both short and long term. The study also covers the competitive scenario of the market with respect to the raw material availability, major players with their branding strategies and differentiating factors among others. The study ensures a 360° view, bringing out the complete key insights of the industry. These insights help the business decision makers to make better business plans and informed decisions for the future business. In addition, the study helps the venture capitalist in understanding the companies better and take informed decisions.
According to Publisher, the global permanent rare earth magnets market is expected to grow at a CAGR of 13.2% during the forecast period to reach $41.41 billion by 2022. Industrial applications segment is expected to maintain global dominance in application segments, whereas China and Japan driven Asia Pacific is expected to increase its dominance in global permanent rare earth magnets market.
The global supply of rare earth metals is expected to remain stable after WTO intervention and international agreements providing opportunities for sustainable market growth. The international players are also looking for other ways to reduce the dependencies, such as options of heavy rare earth free magnets, but the overall market is expected to remain stable in terms of price during the forecast period. Some of the prominent players in the global permanent rare earth magnets market are Hitachi Metals, Vacuumschmelze GmBH & Co. KG, Shin-Etsu Rare Earth Magnet and TDK.
Report Scope:
• Types
o Neodymium Magnets
o Samarium Magnets
• Applications
o Industrial
o Consumer Electronics
o Home Appliances
o Automotive
o Wind Turbines
o Others (such as Medical Equipment, Aerospace)
• Regions
o Asia Pacific
o Europe
o North America
o Rest of the World
• Industry outlook: market trends and drivers, restraints, and opportunities
Request Sample Copy at http://www.reportsweb.com/inquiry&RW0001445302/sample
Table of Contents
1 Report Outline 13
1.1 Introduction 13
1.2 Report Scope 13
1.3 Market Definitions 13
1.4 Research Methodology 13
1.4.1 Data Collation & In-House Estimation 14
1.4.2 Market Triangulation 15
1.4.3 Forecasting 15
1.5 Study Declarations 16
1.6 Report Assumptions 16
1.7 Stakeholders 16
2 Executive Summary 17
2.1 China is expected to further increase its dominance with extension to application markets 17
2.2 Wind turbine would lead the rare earth magnet demand growth while industrial motor would maintain lead contribution Position 17
3 Market Positioning 19
3.1 Total Addressable Market (TAM): Permanent Magnets 19
3.1.1 Market Overview 19
3.1.2 Major Trends 19
3.2 Segmented Addressable Market (SAM) 20
3.3 Related Markets 20
4 Market Outlook 21
4.1 Overview 21
4.2 Value Chain Analysis 21
4.3 PESTLE Analysis 22
4.4 Porter 5 (Five) Forces 22
4.5 Patent Analysis 23
5 Market Characteristics 25
5.1 Market Segmentation 25
5.2 Market Dynamics 25
5.2.1 Drivers 26
5.2.1.1 Increasing demand for efficiency and performance with smaller volume 26
5.2.1.2 Decreased Chinese supply control 26
5.2.2 Restraints 27
5.2.2.1 Illegal mining in China distorting level playing field 27
5.2.2.2 Price fluctuation due to controlled supply and political issues 27
5.2.3 Opportunities 27
5.2.3.1 High growth in EV/HEV and wind turbines 27
5.2.3.2 Innovation reducing dependencies on heavier rare earths 28
5.2.4 DRO - Impact Analysis 29
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ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
Source: EmailWire.com
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