Global Permanent Magnet Market 2022 : Size, Strategies, Industry Trends, Companies, Growth Opportunity, Regional Overview And Forecast 2031

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%.

The Business Research Company offers the Permanent Magnet Global Market Report 2022 in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

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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.

Some key permanent magnet market players are Arnold Magnetic Technologies, Electron Energy Corporation, Daido Steel Co., Ltd., Chengdu Galaxy Magnets Co. Ltd., Shin-Etsu Chemical Co. Ltd., Goudsmit Magnetics, Adams Magnetic Products Co. Ltd., Bunting Magnetics Co., Tengam Engineering Inc., Yantai Shougang Magnetic Materials Inc., Ningbo Yunsheng Co. Ltd., Eclipse Magnetics, Hangzhou Permanent Magnet Group, Anhui Earth-Panda Advance Magnetic Material Co. Ltd, and Magnequench International LLC.

The countries covered in the global permanent magnet market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.

The regions covered in the global permanent magnet market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Permanent magnet Market Segmentation:
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

See more on the report at https://www.thebusinessresearchcompany.com/report/permanent-magnet-global-market-report

The Report's 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
……
27. Permanent Magnet Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Permanent Magnet Market
29. Permanent Magnet Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the permanent magnet market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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