Permanent Magnet Market Business Overview, Industry Statistics, Growth Drivers And Future Opportunities By 2031: Daido Steel Co Ltd, Arnold Magnetic Technologies

'Permanent Magnet Global Market Report 2022 - Market Size, Trends, And Global Forecast 2022-2026' by The Business Research Company is the most comprehensive report available on this market, with analysis of the market's historic and forecast growth, drivers and restraints causing it, and highlights of the opportunities that companies in the industry can take on. The permanent magnet market research report helps gain a truly global perspective of the permanent magnet industry as it covers 60 geographies worldwide. Regional and country breakdowns give an analysis of the market in each geography, with information on the size of the market by region and by country.

The regions covered in the permanent magnet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest permanent magnet market share.

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The permanent magnet market consists of sales of permanent magnets by entities (organizations, sole traders, and partnerships) that include rare earth elements, nickel and cobalt. Permanent magnets preserve its magnetic characteristics in the absence of a magnetizing force, such as a current or an inducing field. It is used in speakers, microphones, credit and debit cards, magnetic resonance imaging in hospitals and in electric vehicles.
Key competitors in the permanent magnet market are Arnold Magnetic Technologies, Electron Energy Corporation, Daido Steel Co., Ltd., Chengdu Galaxy Magnets Co. Ltd., Shin-Etsu Chemical Co. Ltd., Goudsmit Magnetics.

The global permanent magnet market size is expected to grow from $26.59 billion in 2021 to $29.61 billion in 2022 at a compound annual growth rate (CAGR) of 11.37%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The permanent magnets market is expected to reach $46.65 billion in 2026 at a CAGR of 12.03%.

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TBRC's report segments the global permanent magnet market:
1) By Type: Ferrite Magnets, Samarium Cobalt Magnets, Alnico Magnets, Neodymium Iron Boron Magnets
2) By Sales Channel Type: Direct Sales, Distributors
3) By End-Use: General Industrial, Automotive, Medical Technology, Environment and Energy, Aerospace and Defense, Consumer Electronics

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The Table Of Contents Includes:
1. Executive Summary
2. Permanent Magnet Market Characteristics
3. Permanent Magnet Market Trends And Strategies
4. Impact Of COVID-19 On Permanent Magnet
5. Permanent Magnet Market Size And Growth
.....
28. Key Mergers And Acquisitions In The Permanent Magnet Market
29. Permanent Magnet Market Future Outlook And Potential Analysis
30. Appendix

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