This study is an excellent blend of qualitative and quantitative data covering important market developments, industry and competitive issues, gap analysis, emerging opportunities and trends in the Rare Earth Magnets market. The aim of this report is to provide an overview of the global Rare Earth Magnets market, providing cutting-edge market knowledge and helping decision makers make smart investment decisions. In addition, the study identifies and analyzes upcoming trends and important drivers, challenges and opportunities.
Key players-
- Hitachi Metals Group
- Shin-etsu
- TDK
- cooperate
- Beijing Zhong Ke San Huan Hi-Tech
- Yunsheng Company
- YSM
- JL MAG
- ZHmag
- Jingci Materials Science
- ATM
- NBJJ
- Innuovo Magnetics
- SGM
- Galaxy Magnetic
To get a free sample page of this report@https://www.quincemarketinsights.com/request-sample-59649?utm_source=tuli&utm_medium=openpr&utm_campaign=tuli
driving factors
High demand in manufacturing and power sector
Population growth has led to rapid industrialization and growth in the manufacturing and automotive industries. High demand for rare earth magnets in these industries is expected to drive the market growth. REM applies to the manufacture of electronic products and electrical and automotive parts such as head actuators for hard disks, electric motors and electric power steering. According to the Brookings Institution, China led the manufacturing sector with more than US$2 trillion in production in 2017, with the US and Japan contributing US$1.8 trillion and US$1 trillion, respectively. The manufacturing industry is expected to grow, driving the demand for rare earth metals during the forecast period.
The energy sector has grown due to increased demand for power generation due to rapid industrialization. In the field of power generation and energy, REMs are used in many types of motors, generators and wind turbines. According to GWEC India, the global wind industry in 2020 will be driven by a surge in installations in China and the US. New installations accounted for nearly 75% of all installations in 2020. China and the United States account for more than half of all installations. Total global wind power capacity. Therefore, the high demand for rare earth magnets in wind power generation is driving the market growth.
Key industry development
- In January 2021, Rio Tinto began production of scandium oxide with the construction of a commercial-scale demonstration plant in Sorel-Tracy Quebec. The initial production capacity of scandium oxide is 3 tons per year, which is equivalent to 20% of the current global production.
- In February 2021, Avalon Advanced Materials announced that it had agreed to acquire 2333382 Ontario INC. Both companies plan to recover rare earths, scandium and zirconium from the Ontario INC plant.
- In March 2021, Chinese rare earth producer Guangsheng Nonferrous announced plans to build a plant to produce high-performance neodymium-iron-boron (Nd-Fe-B) permanent magnet materials in Guangzhou city, Guangdong province, southern China.
- In July 2020, Geomega Resources Inc. and USA Rare Earth, LLC announced that USA Rare Earth's future sintered neodymium iron boron (NdFeB) permanent magnets (sintered neomagnets) in the United States.
- In January 2018, Lynas Corporation Ltd. entered into a contract with Robert Bosch GmbH, a global supplier of technology and services, to secure the rare earth demand from Robert Bosch GmbH for magnets used in its business.
- A definitive agreement has been awarded with Cheetah Resources Pty Ltd for the development of rare earth resources for a mine lease that collectively constitutes the Nechalacho Project at Thor Lake near Yellowknife, Northwest Territories, Canada.
Market segmentation-
- By type (rare earth sintered magnet,
- Rare Earth Bonded Magnets, Others), Applications (Automotive, Aerospace & Defense, Power Generation, Consumer Goods & Electronics, Industrial Machinery, etc.)
- North America (USA, Canada, Mexico), Market Size, Growth Market Size, Growth and Opportunity Analysis, Future Forecast and Opportunity Analysis
- Europe (Germany, Russia, UK, France, Italy, Spain, Netherlands, Rest of Europe), Market Size, Growth, Future Forecast and Opportunity Analysis
- Asia Pacific (China, India, Japan, Korea, Australia, Indonesia, Rest of Asia Pacific), market size, future forecast and opportunity analysis
- Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, Middle East & Rest of Africa), North Africa, South Africa, Middle East & Rest of Africa), market size, future forecast and opportunity analysis
- South America (Brazil, Argentina, Colombia, Rest of South America), Market Size, Future Forecast and Opportunity Analysis
FAQs answered in the report
- What are the most important regional markets for the Rare Earth Magnets industry?
- What is the market segmentation by type?
- What is the market segmentation based on end users?
- What are the different stages in the value chain of the rare earth magnet industry?
- What are the key drivers and threats in the Rare Earth Magnets market?
- Who are the key players in the Rare Earth Magnets industry?
- What is the level of competition in the Rare Earth Magnets Industry?
- What is the profit margin of the rare earth magnet industry?
About Us:
QMI has the most comprehensive collection of market research products and services available on the web. We provide reports from virtually every major publication and regularly refresh our listings, giving you instant online access to the world's most extensive and up-to-date archive of expert insights into global markets, companies, commodities and patterns.
contact:
quince market insights
Office 306, 307
Park Plaza Business Center
Pune, Maharashtra 411028
Tel: APAC +91 706 672 4848 / USA +1 208 405 2835 / UK +44 1444 39 0986
'News' 카테고리의 다른 글
CA 125 테스트 시장 규모, 점유율, 성장 및 동향 예측 보고서 | 마르멜로 시장 통찰력 (0) | 2022.10.03 |
---|---|
2023-2032년 예측 연도 동안 성장할 것으로 예상되는 알레르기 피부 테스트 시장 | 마르멜로 시장 통찰력 (1) | 2022.10.03 |
크레아티닌 테스트 시장 조사 보고서 미래 동향, 성장 분석 및 예측 | 마르멜로 시장 통찰력 (0) | 2022.09.29 |
바코드 라벨 시장 성장 및 추세 분석 예측 | 마르멜로 시장 통찰력 (0) | 2022.09.29 |
법적 대마초 시장은 예측 기간 동안 26.5%의 CAGR로 성장할 것으로 예상됨 | 저명한 선수 - Canopy Growth Corporation, Aphria Inc. (0) | 2022.09.27 |