openPR Logo
Press release

Alnico Market Predicted to Witness Surge in The Near Future

Alnico Market Predicted to Witness Surge in The Near Future

Alnico belongs to the group of permanent (hard) magnets primarily composed of aluminum, nickel and cobalt. They are hard ferromagnetic substances which are widely used in temperature sensitive applications such as hall-effect and MR-based electronic and automotive sensors.They are also known as composite magnets which are usually manufactured from sintering or casting offering superior mechanical characteristics. Alnico magnets are made from the combination of aluminum, nickel and cobalt with small amounts of iron and other small elements that improve the property of the magnet. After rare earth magnets, Alnico is considered as the strongest permanent magnet. It is also used in various household appliances as well as for the production of horse shoe magnets. 

Report overview @ https://www.persistencemarketresearch.com/market-research/alnico-market.asp

The global market for alnico has been witnessing significant growth owing to rapid expansion of the automotive industry. Alnico magnets are majorly used in several components of an automobile including exhaust systems and sensors among others. Asia Pacific accounted as the largest market for alnico magnets, which was majorly supported by China, followed by several regions in Rest of the World (RoW) such as Latin America and Middle East. After the global economic slowdown in 2008-09, the manufacturing industry in North America has been slowly gaining pace. Alnico magnets are being increasingly implemented in electric motors and various sound reproductive systems such as microphones and loudspeakers. However, over the years, the industry for alnico magnets in this region has been noticeably saturated due to increasing consumption of NdFeB magnets.

These magnets have been increasingly superseded by rare earth magnets such as NdFeB as well as ferrite in different automotive and electronic equipments, resulting in low demand from retail and manufacturing companies. However, alnico magnets cannot be replaced completely by rare earth elements due to their wide temperature range and stability. Thus, besides the automotive industry, growing demand for electric motors and sound systemshas been strongly contributing towards the growth of the alnico market.Moreover, rapid growth of industrial activities in emerging regions such as Asia Pacific has resulted in growth of various application sectors such as healthcare, electronics and power generation among others, which in turn is expected to contribute towards the demand for alnico magnets in Asia Pacific over the forecast period.

Increasing demand for alnico magnets on account of growth of the automotive industry is expected to be one of the vital factors driving the demand for alnico magnets over the forecast period. Rise in disposable income, improved infrastructure and increasing population are some of the factors driving the demand for automobiles.Moreover, increasing use of alnico magnets in temperature sensitive applications owing to growing industrialization and electronics industry is also expected to contribute towards the growth of the market. However, increasing substitution of alnico magnets by rare earth magnets such as NdFeB on account of larger energy products and stronger magnetic fields, allowing smaller size magnets to be used for a given application is expected to hamper the growth of the market. Increasing application scope of alnico magnets in HEVs coupled with growing demand for these vehicles is expected to open opportunities for the growth of the market over the next few years. 

Request to View TOC and Sample of Research Report @ https://www.persistencemarketresearch.com/samples/4261

Adams Magnetic Products Co., Arnold Magnetic Technologies, Dexter Magnetic Technologies Inc., and Tengam Engineering Inc. are some of the leading manufacturers of alnico dominating the industry.

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us

Persistence Market Research

305 Broadway

7th Floor, New York City,

NY 10007, United States,

Telephone - +1-646-568-7751

USA – Canada Toll Free: 800-961-0353

Email: sales@persistencemarketresearch.com

Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Alnico Market Predicted to Witness Surge in The Near Future here

News-ID: 968530 • Views: 176

More Releases from Persistence Market Research

The Fta Buccal Collection Kits Market to be bolstered by technology
FTA buccal collection kits is used in the collection and analysis of DNA most commonly from the buccal cells or blood. Collection of buccal samples through FTA cards are painless and relatively easily collected, are often preferred source. There are several buccal collection methods such as brushes, swabs, FTA or IsoCode cards. Among all, FTA cards mostly used methods, and this is due to FTA card produce DNA that
The Syringeless Based Filters Market to reap the benefits of technology in the n …
A syringeless based filter offers an easier, faster method of removing particulates from samples being prepared for high-performance liquid chromatography (HPLC) analysis. Moreover, that syringeless based filter can add up the money savings, plus the time saved from cutting multiple consumables out of the sample preparation process. Syringeless based filters serve the rapid single step procedure, due to which sample loss is reduced. A shrill trend in the application of
The Whatman Indicating Mini Cards Market to identify its growth parameters betwe …
Whatman indicating mini cards offers a system through which simplifying the purification, isolation and storage of nucleic acids is possible in a variety of research and diagnostic operations. Additionally, whatman indicating mini cards market has simplifies the processing and handling of nucleic acids with a wide range of applications. It is based on the chemicals, present on whatman indicating mini cards which can denature proteins, lyse cells and protect nucleic
The Pediatric Respiratory Devices Market to witness livewire performance between …
Pediatric respiratory devices diagnose diseases and conditions from birth through age 21. Pediatric subpopulations are categories as neonates, infants, children and adolescent. Recently, the Food and Drug Administration (FDA) of the United States has been focusing on “Unmet Medical Needs” in the pediatric patients and orphan diseases, and policies to protect pediatric patients in clinical trials for medical devices have been established and reinforced. For instance, vessel sealing devices jejunal

All 5 Releases


More Releases for Alnico

Sintered Alnico Global Market Research Report 2025
Sintered Alnico Report by Material, Application, and Geography Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). Access more details about this report at: https://www.research2reports.com/report-chemical/sintered-alnico-market/81313 The report firstly introduced the Sintered Alnico basics: definitions, classifications, applications and market overview;
Alnico Market to Register Steady Expansion During 2015 to 2021
Alnico belongs to the group of permanent (hard) magnets primarily composed of aluminum, nickel and cobalt. They are hard ferromagnetic substances which are widely used in temperature sensitive applications such as hall-effect and MR-based electronic and automotive sensors.They are also known as composite magnets which are usually manufactured from sintering or casting offering superior mechanical characteristics. Alnico magnets are made from the combination of aluminum, nickel and cobalt with small
Alnico Magnets Market Challenges for Growth Opportunities 2025
Global Alnico Magnets Market: Snapshot The global market for alnico magnets is predicted to grow at a substantial pace over the next few years, due to the rising number of applications across diverse industries. As alnico magnets are considered as one of the best options for permanent magnets, they are being used extensively in the automotive industry across the globe. The prominent players operating in the global alnico magnets market are
Alnico Magnets Market - Incessant Development of Automotive Industry 2017 - 2025
Global Alnico Magnets Market: Snapshot The global market for alnico magnets is predicted to grow at a substantial pace over the next few years, due to the rising number of applications across diverse industries. As alnico magnets are considered as one of the best options for permanent magnets, they are being used extensively in the automotive industry across the globe. The prominent players operating in the global alnico magnets market are
Alnico Market to Perceive Substantial Growth During 2015 to 2021
Alnico belongs to the group of permanent (hard) magnets primarily composed of aluminum, nickel and cobalt. They are hard ferromagnetic substances which are widely used in temperature sensitive applications such as hall-effect and MR-based electronic and automotive sensors.They are also known as composite magnets which are usually manufactured from sintering or casting offering superior mechanical characteristics. Alnico magnets are made from the combination of aluminum, nickel and cobalt with small
Alnico Magnets Industry Detailed Analysis and Forecast by 2025
Global Alnico Magnets Market: Overview Alnico refers to a family of iron alloys that primarily contain aluminum, nickel, and cobalt in addition to iron. Alnico magnets are ferromagnetic and are suitable to make permanent magnets. Permanent magnets retain magnetic properties even in the absence of an external magnetic field. Alnico magnets are used across a range of applications such as household equipment, electricity generation, automobiles, and electronic and medical devices