The North America ferrite magnets market is witnessing high growth on account of increasing applications especially in the automotive and consumer electronics. The North America ferrite magnets market report estimates the market size of North America ferrite magnets market both in terms of volume and revenue. The report provides a comprehensive review of major market drivers, challenges, and key issues. North America ferrite magnets market was valued at $325.09 million in 2013 and is expected to reach $504.16 million by 2019, at a CAGR of 8.8%. Ferrite magnets are the low cost permanent magnets as compared to other magnets, and hence they are the most widely consumed permanent magnet materials in the world.
Ferrite magnets exhibit high resistance to demagnetization, corrosion, and are electrically insulated. The report ‘North America Ferrite Magnets Market’ analyzes the ferrite magnets market by applications for seven major applications, namely, consumer electronics, general industrial, automotive, medical technology, environment & energy, aerospace & defense, and others. All the ferrite magnet applications experienced a positive growth till 2013 and are expected to continue the same in the coming years.
With the market value of $71.60 million, consumer electronics holds majority of the share in the North America ferrite magnets market. Aerospace & defense, and automotive markets have been witnessing the maximum growth due to increase in the usage of ferrite magnets in electric power systems, motors in automotive sectors, military weapons, and aircraft in the aerospace & defense industry. Aerospace & Defense market was valued at $10.91 million in 2013 and is estimated to reach a CAGR of 10.8% for the period under consideration. The North American market is highly regulated with several associations that play a key role in the monitoring and commercialization of permanent magnet products.
The report covers North America ferrite magnets market and its trends concerning with major countries, namely U.S., Canada, and Mexico. U.S. is the dominant country for the production and consumption of ferrite magnets in the region. Mexico’s ferrite magnets market is estimated to experience high growth for the projected period.
This report is focused on the detailed study of the North America ferrite magnets market, based on its applications, utilized in different countries. Further, as a part of qualitative analysis, the research report provides a comprehensive review of important drivers, restraints, opportunities, and key issues in the North America ferrite magnets market. The report also provides an extensive competitive landscaping of companies operating in this market. North America ferrite magnets market also includes the company profiling and competitive strategies adopted by various market players such as Hitachi, Shin-Etsu Chemical Co Ltd., Lynas Corp. Ltd., Molycorp Chemicals and Oxides, Hangzhou Permanent Magnet Group, Ningbo Yunsheng High-tech Magnetics Co., Ltd, Daido Steel Co., Ltd., and JPMF Guangdong Co. Ltd.
Along with the market data, you can also customize MMM assessments that meet your company’s specific needs. Customize to get comprehensive industry standards and deep dive analysis of the following parameters:
- Price analysis for the ferrite magnets
- SWOT analysis for the top market players in the region
- Porter’s Five Force Analysis of the North America Ferrite Magnets Market
- Detailed analysis of on-going research & development activities of permanent magnets
- Opportunities in the North America Ferrite Magnets Market
- Trade date for the Ferrite magnets
- Trade data, by country
- Import-export data, by each country with other key countries of the world
- Scale analysis
- Comparison with respect to the Global Ferrite Magnets market
- New technology trends
- New product developments
1.1 Objective of the study
1.2 Market Definitions
1.3 Market Segmentation & Aspects Covered
1.4 Research Methodology
1.4.1 Assumptions (Market Size, Forecast, etc)
2 Executive Summary
3 Market Overview
4 Ferrite Magnets-North America, By Applications
4.1 Split By Geography
4.1 Ferrite Magnets-U.S. by Applications
4.1 Ferrite Magnets-Canada by Applications
4.1 Ferrite Magnets-Mexico by Applications
4.2 Ferrite Magnets-North America-Other Applications
4.3 Ferrite Magnets-Electrical & Electronics-North America
4.3.1 Ferrite Magnets-Electrical & Electronics-North America, By Geographies
126.96.36.199 Ferrite Magnets-Electrical & Electronics-U.S.
188.8.131.52 Ferrite Magnets-Electrical & Electronics-Canada
184.108.40.206 Ferrite Magnets-Electrical & Electronics-Mexico
4.4 Ferrite Magnets-Industrial Machinery-North America
4.4.1 Ferrite Magnets-Industrial Machinery-North America, By Geographies
220.127.116.11 Ferrite Magnets-Industrial Machinery-U.S.
18.104.22.168 Ferrite Magnets-Industrial Machinery-Canada
22.214.171.124 Ferrite Magnets-Industrial Machinery-Mexico
4.5 Ferrite Magnets-Automotive Materials-North America
4.5.1 Ferrite Magnets-Automotive Materials-North America, By Geographies
126.96.36.199 Ferrite Magnets-Automotive Materials-U.S.
188.8.131.52 Ferrite Magnets-Automotive Materials-Canada
184.108.40.206 Ferrite Magnets-Automotive Materials-Mexico
4.6 Ferrite Magnets-Medical Devices-North America
4.6.1 Ferrite Magnets-Medical Devices-North America, By Geographies
220.127.116.11 Ferrite Magnets-Medical Devices-U.S.
18.104.22.168 Ferrite Magnets-Medical Devices-Canada
22.214.171.124 Ferrite Magnets-Medical Devices-Mexico
4.7 Ferrite Magnets-Wind Energy-North America
4.7.1 Ferrite Magnets-Wind Energy-North America, By Geographies
126.96.36.199 Ferrite Magnets-Wind Energy-U.S.
188.8.131.52 Ferrite Magnets-Wind Energy-Canada
184.108.40.206 Ferrite Magnets-Wind Energy-Mexico
4.8 Ferrite Magnets-Aerospace & Defense-North America
4.8.1 Ferrite Magnets-Aerospace & Defense-North America, By Geographies
220.127.116.11 Ferrite Magnets-Aerospace & Defense-U.S.
18.104.22.168 Ferrite Magnets-Aerospace & Defense-Canada
22.214.171.124 Ferrite Magnets-Aerospace & Defense-Mexico
5 Ferrite Magnets-North America, By Geographies
5.1 Ferrite Magnets-U.S.
5.1.1 Ferrite Magnets-U.S., By Applications
126.96.36.199 Ferrite Magnets-Electrical & Electronics-U.S.
188.8.131.52 Ferrite Magnets-Industrial Machinery-U.S.
184.108.40.206 Ferrite Magnets-Automotive Materials-U.S.
220.127.116.11 Ferrite Magnets-Medical Devices-U.S.
18.104.22.168 Ferrite Magnets-Wind Energy-U.S.
22.214.171.124 Ferrite Magnets-Aerospace & Defense-U.S.
5.2 Ferrite Magnets-Canada
5.2.1 Ferrite Magnets-Canada, By Applications
126.96.36.199 Ferrite Magnets-Electrical & Electronics-Canada
188.8.131.52 Ferrite Magnets-Industrial Machinery-Canada
184.108.40.206 Ferrite Magnets-Automotive Materials-Canada
220.127.116.11 Ferrite Magnets-Medical Devices-Canada
18.104.22.168 Ferrite Magnets-Wind Energy-Canada
22.214.171.124 Ferrite Magnets-Aerospace & Defense-Canada
5.3 Ferrite Magnets-Mexico
5.3.1 Ferrite Magnets-Mexico, By Applications
126.96.36.199 Ferrite Magnets-Electrical & Electronics-Mexico
188.8.131.52 Ferrite Magnets-Industrial Machinery-Mexico
184.108.40.206 Ferrite Magnets-Automotive Materials-Mexico
220.127.116.11 Ferrite Magnets-Medical Devices-Mexico
18.104.22.168 Ferrite Magnets-Wind Energy-Mexico
22.214.171.124 Ferrite Magnets-Aerospace & Defense-Mexico
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Asia-Pacific Permanent Magnet
The Asia-Pacific permanent magnet market was valued at $9.75 billion in 2012 and is projected to reach $15.80 billion by 2018, growing at a CAGR of 8.8% between 2013 and 2018. This market is mainly driven by the growing demand for permanent magnets due to rising demand for miniaturization together with advancement in technology.
North America Permanent Magnet
North America’s permanent magnet market was valued at $850.0 million in 2012 and is expected to reach $1,500 million by 2018, growing at a CAGR of 8.4% from 2013 to 2018. The market is majorly driven by the budding demand for permanent magnets, which is primarily due to an increase in the demand for advanced materials in existing and emerging applications.
Europe Permanent Magnet
The European permanent magnet market was valued at $700.0 million in 2012 and is expected to reach $1,100.0 million by 2018, growing at a CAGR of 6.6% from 2013 to 2018. This market is experiencing significant growth mainly driven by an increase in the demand for advanced materials in existing and emerging applications.
Middle East and Africa Permanent Magnet
Middle East and Africa’s permanent magnet market was valued at $130.0 million in 2012 and is estimated to reach $220.0 million by 2018, growing at a CAGR of 8.0% from 2013 to 2018. This market is experiencing high growth mainly driven by the development initiatives of various countries such as Saudi Arabia, which will boost the permanent magnet consumption in the region.
Latin America Permanent Magnet
Latin America’s permanent magnet market was valued at $80.0 million in 2012 and is estimated to reach $180.0 million by 2018, growing at a CAGR of 12.5% from 2013 to 2018. This market is experiencing high growth mainly driven by the development initiatives of various countries, which will boost the permanent magnet consumption in the region.