|By PR Newswire||
|March 24, 2014 06:39 AM EDT||
DUBLIN, Mar. 24, 2014 /PRNewswire/ --
Research and Markets
) has announced the addition of the
report to their offering.
The permanent magnet market is witnessing very high growth on account of rising demand for efficiency and increased electrification in all facets of life. The demand for permanent magnets is growing, especially from the automotive and wind energy sectors. It is increasingly used for electric power steering, electric vehicles, and hybrid vehicles. The wind turbine market is another major growth area for permanent magnet. China is a dominant player in the rare earth permanent magnet.
Permanent magnet are made of diverse materials that range from ferrite to rare earth elements. NdFeB permanent magnet, due to their wide areas of applications and numerous advantages, are used in most of the industries. Hence they dominated the market. Presently, China has the monopoly in the supply of rare earth minerals that are necessary to produce rare earth magnets. It has huge reserves of rare earth minerals that account for 23% of the world's total rare earth reserves.
China produces a vast quantity of two primarily important rare earth minerals required to produce , dysprosium (production share of 99%) and neodymium (production share of 95%). The Chinese government is taking strategic steps to maintain its leading position as a supplier of rare earth minerals as well as to secure rare earth reserves for its own internal consumption.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 By Types
6 By End-User Industries
7 By Geography
8 Competitive Landscape
9 Company Profiles
- Adams Magnetic Products Co
- Anhui Earth-Panda Advance Magnetic Material Co Ltd
- Arnold Magnetic Technologies
- Bunting Magnetics Co
- Daido Steel Co Ltd
- Eclipse Magnetics Ltd
- Electron Energy Corporation
- Goudsmit Magnetics Group
- Hangzhou Permanent Magnet Group
- Hitachi Metals Ltd
- JPMF Guangdong Co Ltd
- Lynas Corporation Ltd
- Molycorp Magnequench
- Ningbo Yunsheng Co Ltd
- Ninggang Permanent Magnetic Materials Co Ltd
- Shin-Etsu Chemical Co Ltd
- TDK Corporation
- Tengam Engineering Inc
- Thomas & Skinner Inc
- Vacuumschmelze GMBH & Co Kg
For more information visit http://www.researchandmarkets.com/research/8skxkm/permanent_magnet
Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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