The careful efforts of professional forecasters, fresh analysts, and intelligent researchers have resulted in the creation of the Global Rare Earth Magnet Market research study. Companies can better understand the different types of consumers, consumer demands and preferences, perspectives on the product, purchasing intentions, reactions to individual products that are already on the market, and consumers’ varied tastes regarding various brands that are already on the market thanks to the detailed and current information provided in this report. By dealing with a wide range of market analyses, product definition, market segmentation, important developments, and the current vendor landscape through 2032, the Rare Earth Magnet Market Report offers a complete overview of the market.
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The vendor landscape and competitive scenarios of the Global Rare Earth Magnet market are broadly analyzed to help market players gain competitive advantage over their competitors. Readers are provided with detailed analysis of important competitive trends of the Global Rare Earth Magnet market. Market players can use the analysis to prepare themselves for any future challenges well in advance. They will also be able to identify opportunities to attain a position of strength in the Global Rare Earth Magnet market. Furthermore, the analysis will help them to effectively channelize their strategies, strengths, and resources to gain maximum advantage in the Global Rare Earth Magnet market.
Growth Factors of Rare Earth Magnet Market:
The increasing population has led to rapid industrialization and growth of manufacturing and automotive industries. High demand for rare earth magnets in these industries is expected to drive market growth. REMs have applications in manufacturing electronics and electrical and automotive components like head actuators for hard disks, electric motors, and electrical power steering. According to Brookings Institution, China was leading the manufacturing sector, with over USD 2.0 trillion output in 2017, followed by the U.S. and Japan, contributing USD 1.8 trillion and USD 1.0 trillion, respectively. The manufacturing industry is expected to grow, driving the demand for rare earth metals during the forecast period. Rapid industrialization has increased demand for power generation resulting in the growth of the energy sector. In power generation and energy sector REM is used in various types of motors, electric generators, and wind turbines. According to the GWEC India, in 2020, the global wind power industry was driven by a surge of installations in China and the U.S. The new installations accounted for nearly 75% of the total installations in 2020. China and the U.S. account for over half of the world’s total wind power capacity. Thus, the high demand for rare earth magnets in power generation from wind energy is driving the market growth.
Recent Development of Rare Earth Magnet Market:
- In January 2021, Rio Tinto started producing scandium oxide with the construction of a commercial-scale demonstration plant in Sorel-Tracy Quebec. The initial capacity of the scandium oxide is 3 tons per year, which is 20% of the current global production.
- In February 2021, Avalon Advanced Materials announced the company’s agreement to acquire 2333382 Ontario INC. The companies plan to recover rare earth, scandium, and zirconium in the Ontario INC plants.
- In March 2021, Chinese rare earths producer Guangsheng Nonferrous announced plans to build a production plant for high-performance neodymium-iron-boron (Nd-Fe-B) permanent magnetic material in Guangzhou city in south China’s Guangdong province.
- In July 2020, Geomega Resources Inc., and USA Rare Earth, LLC, entered into a Letter of Intent (LOI) to recycle rare earth-containing production waste from USA Rare Earth’s future production of sintered neodymium iron boron (NdFeB) permanent magnets (sintered neo magnets) in the United States.
Key Players Mentioned in the Global Rare Earth Magnet Market Research Report:
A forecast analysis of the various business expansion strategy implemented by competitors is presented in the Competitive Scenario. While being updated within businesses and involving stakeholders in the economic dialogue. Press releases or news of the companies classified as Merger & Acquisition, Agreement, Collaboration, and Partnership, New Product Launch and Enhancement, Investment & Funding, and Award, Recognition, and Expansion are included in the report. The vendor can determine market insufficiencies and the strengths and weaknesses of competitors using the information they have gathered from all the news sources, which they can then utilise to better their products and services.
Hitachi Metals Group, Shin-Etsu, TDK, VAC, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, YSM, JL MAG, ZHmag, Jingci Material Science, AT&M, NBJJ, Innuovo Magnetics, SGM, Galaxy Magnetic
Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 600+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Segmentation: Global Rare Earth Magnet Market
by Type (Rare-earth Sintered Magnet, Rare-earth Bonded Magnet, Others), Application (Automotive, Aerospace and Defense, Power Generation, Consumer Goods and Electronics, Industrial Machinery, Others)
(We offer customized or added segmentation or sub segmentation other than the one mentioned above to suit your interest)
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Table of Contents
Global Rare Earth Magnet Market Research Report 2022 – 2032
Report Overview: It includes the Rare Earth Magnet market study scope, players covered, key market segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.
Executive Summary: This section of the report gives information about Rare Earth Magnet market trends and shares, market size analysis by region and analysis of global market size. Under market size analysis by region, analysis of market share and growth rate by region is provided.
Profiles of International Players: Here, key players of the Rare Earth Magnet market are studied on the basis of gross margin, price, revenue, corporate sales, and production. This section gives a business overview of the players and shares their important company details.
Regional Study: All of the regions and countries analyzed in the Rare Earth Magnet market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.
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