World Magnets

Global demand for permanent magnets is forecast to climb 7.3 percent annually through 2019 to $16.2 billion. The Asia/Pacific market will remain dominant and grow the fastest. Neodymium magnets will lead gains.This study analyzes the $11.4 billion world magnet industry. It presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by product (e.g., neodymium, ferrite, samarium cobalt, alnico) and market (e.g., electronics, industrial, automotive) for six world regions and 19 major countries. Total demand is given for an additional 4 countries.The study also considers market environment factors, details industry structure, evaluates company market share, and profiles 40 industry players, including Shin-Etsu Chemical, TDK, and Hitachi.