The report aims to offer a comprehensive perspective on the Magnet Market . It offers an industry overview, encompassing market growth analysis from both historical and futuristic perspectives, focusing on key parameters such as revenue, demand, and supply data where applicable. The study provides regional estimates, forecasts, and trend analysis for numerous countries, including the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxembourg, and the rest of Europe, as well as Japan, China, South Korea, India, Australia, New Zealand, Singapore, Thailand, Malaysia, Indonesia, the Philippines, and the rest of Asia-Pacific. Additionally, it covers Brazil, Argentina, the rest of South America, UAE, Saudi Arabia, Egypt, Israel, South Africa, and the rest of the Middle East and Africa, among others. The report also addresses the impact of COVID-19 and provides forecasts for post-COVID-19 recovery.
Data Bridge Market Research analyses that the market which was USD 22.23 billion in 2022, would rocket up to USD 38.09 billion by 2030, and is expected to undergo a CAGR of 6.96% during the forecast period of 2023 to 2030.
Global Magnet Market Prominent Players:
BASF SE (Germany), TFL Ledertechnik GmbH & Co.KG (Germany), Stahl Holdings B.V. (Netherlands), LANXESS (Germany), Bayer AG (Germany), Clariant International Ltd (Switzerland), Heim Leather Chem GmbH (Germany), DyStar Singapore Pte Ltd. (Singapore), Knox Lawrence International LLC (U.S.), Pidilite Industries Ltd. (India), Elementis (United Kingdom), SCHILL+SEILACHER GMBH (Germany), DuPont (U.S.), Eastman Chemical Company (U.S.), Solvay S.A. (Belgium), Asahi Kasei (Japan), Evonik Industries (Germany), SABIC (Saudi Arabia), Arkema (France), ANGUS Chemical Company (U.S.), among others.
Global Magnet Market Scope:
Type
- Neodymium Iron Boron Magnet
- Ferrite Magnet
- Samarium Cobalt Magnet
- Alnico Magnet
- Others
End-Use Industry
- Consumer Electronics
- General Industrial
- Automotive
- Medical Technology
- Environment and Energy
- Aerospace and Defense
- Others
Market Dynamics:
Drivers
- Increasing Demand for Electric Vehicles (EVS)
The rising adoption of electric vehicles is a significant driver for the magnet market. EVs rely on magnets, particularly neodymium iron boron (NdFeB) magnets, in their electric motors for high performance and efficiency. As governments and consumers worldwide prioritize sustainability and the transition to clean transportation, the demand for EVs is expected to grow, consequently driving the magnet market
- Expansion of Renewable Energy Sector
The renewable energy industry, including wind and solar power, heavily relies on magnets. Wind turbines utilize large-scale generators with powerful magnets, while solar panels incorporate magnets in tracking systems. The global push for renewable energy and the increasing installations of wind and solar farms contribute to the demand for magnets
- Rising Advancements in Industrial Automation
The growth of industrial automation and robotics is driving the market. Magnets are essential components in motors, actuators, sensors, and magnetic grippers used in industrial automation. With the aim of improving productivity, efficiency, and precision in manufacturing processes, industries are adopting automation technologies, leading to increased demand for magnets
Browse Report Description:
https://www.databridgemarketresearch.com/reports/global-magnet-market
Table of Content of Magnet Market:
1: Introduction, market driving force product Objective of Study, and Research Scope of the Global Magnet market.
2: Exclusive Summary – the basic information of the Global Magnet Market.
3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Magnet; Post COVID Analysis.
4: Presenting the Global Magnet Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
5: Displaying the by Type, End User and Region/Country.
6: Evaluating the leading manufacturers of the Global Magnet Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.
7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions.
… To be continued
Browse Other Trending Reports:
Global Humate Fertilizer Market - Industry Trends and Forecast to 2028
https://www.databridgemarketresearch.com/reports/global-humate-fertilizer-market
Global Bone Meal Supplement Market - Industry Trends and Forecast to 2028
https://www.databridgemarketresearch.com/reports/global-bone-meal-supplement-market
Global Farm Healthcare Market – Industry Trends and Forecast to 2029
https://www.databridgemarketresearch.com/reports/global-farm-healthcare-market
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.
Contact Us:
Data Bridge Market Research
Tel: +1-888-389.80-2818 | +44 208 089 1725 | +852 8192 7475
Email: [email protected]