Magnetic Materials Market - Global Industry Analysis, Trends and Forecast

Transparency Market

Research

Magnetic Materials Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast, 2013 - 2019

Published Date

26-June-2014

99 Page Report

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Press Release

Magnetic Materials Market is Expected to Reach USD 87.18

Billion in 2019 : TMR

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Magnetic Materials Market

REPORT DESCRIPTION

Magnetic Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 2019

According to a new report published by Transparency Market Research ”Magnetic Materials (Soft Magnetic,

Permanent Magnetic and Semi-Hard Magnetic) Market For Automotive, Electronics, Energy Generation

and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 2019” the global demand for magnetic materials was valued at USD 48.00 billion in 2012 and is expected to

reach USD 87.18 billion in 2019, growing at a CAGR of 8.9% from 2013 to 2019.

Browse the full Magnetic Materials Market report at :

http://www.transparencymarketresearch.com/magnetic-materials-market.html

Increasing demand for magnetic materials on account of the growing automotive industry is expected to be one

of the major factors for the growth of the market. In addition, the growing consumption of soft and hard

magnets in wind turbines in energy generation industries due to the rising demand for electricity is also

expected to contribute towards the growth of the market. However, the fluctuating prices of rare earth metals,

particularly, neodymium and dysprosium, is expected to restrain the growth of the market in the near future.

The increasing application scope of magnets in hybrid electric vehicles (HEVs) coupled with growing demand

for these vehicles are expected to favor the growth of the market over the next few years.

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