Press release
“Global Permanent Magnet Market” Top Players are Adams Magnetic Products Co., Advanced Technology & Materials Co. Ltd. , Arnold Magnetic Technologiesat
Global Permanent Magnet Market – Industry Trends and Forecast to 2024
Global Permanent Magnet Market By Type (Neodymium Iron Boron Magnet, Ferrite Magnet, Samarium Cobalt Magnet), By Application (Consumer Electronics, General Industrial, Automotive, Medical Technology, Environment & Energy, Aerospace & Defense) – Industry Trends and Forecast to 2024
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Major Market Competitors
Adams Magnetic Products Co.,
AT&M (Advanced Technology & Materials Co. Ltd.),
Arnold Magnetic Technologies,
A To Z Magnet Mfg. Co.,
Baotou Inst Magnetic New Materials Co. Ltd.,
Beijing ZhongKe San Huan Hi-Tech Co. Ltd.,
China Rare Earth Magnet Ltd.,
Clime Magnet Manufactory Co. Ltd.,
Daido Steel Co. Ltd.,
Dexter Magnetic Technologies Inc.,
EEC (Electron Energy Corp.),
Feller Magtech Corp.,
Fuzhou Ao Magnet Electronic Co. Ltd.,
Hangzhou Best Magnet Co. Ltd.,
Hitachi Metals Ltd.,
HPMG (Hangzhou Permanent Magnet Group),
IM (Integrated Magnetics),
Longze Magnet Electronic Co. Ltd.,
MMC Magnetics,
Bestway Magnet,
Ningbo Co-Star Materials Hi-Tech Co. Ltd.
Competitive Analysis:
The Global Permanent Magnet Market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Market Segmentation:
On the basis of type
On the basis of application
On the basis of geography
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Major Market Drivers:
Growing automotive industry in Asia-Pacific
Increasing demand for efficiency & miniaturization
Initiativesby associations & regulatory bodiesto encourage use of permanent magnet
Market Restraint:
Fluctuation in raw material costs
Lack of quality control in developing countries
High research and development cost
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