Permanent Rare Earth Magnets Market – Drivers, Opportunities, Trends & Forecasts: 2015–2022

  • Product Code:
    RP-ID-10082505
  • Published Date:
    Apr 2019
  • Region:
    Global
  • Pages:
    130
  • Category:
    Chemicals
  • Publisher:
    Infoholic Research
Permanent Rare Earth Magnets Market – Drivers, Opportunities, Trends & Forecasts: 2015–2022
Permanent magnets are those which retain their magnetic properties even in the absence of an inductive field. Permanent rare earth magnets are the strongest available magnets and are broadly based on two rare earth elements – neodymium and samarium. The rare earth here is a misnomer and these elements are abundantly available in the earth crust. However, due to difficulty and high-cost involvement in refining and purification process, these metals are very costlier limiting the application areas for permanent rare earth magnets.
Currently, China is the global leader in rare earth oxide supply covering more than 90% of the global market. This has translated to Chinese dominance in rare earth magnets market. After China, Japan is the major market for rare earth magnets. Although a significant portion of products end-up being utilized in developed countries of the US and Western Europe; these products are largely sourced from developing countries in South Asian region. The increasing demand for efficient products across the industries would drive the demand for rare earth magnets with highest growth rate expectations from wind turbine market.
The study of the global permanent rare earth magnets market provides the market size information and market trends along with the factors and parameters impacting it in both short and long term. The study also covers the competitive scenario of the market with respect to the raw material availability, major players with their branding strategies and differentiating factors among others. The study ensures a 360° view, bringing out the complete key insights of the industry. These insights help the business decision makers to make better business plans and informed decisions for the future business. In addition, the study helps the venture capitalist in understanding the companies better and take informed decisions.
According to Infoholic Research, the global permanent rare earth magnets market is expected to grow at a CAGR of 13.2% during the forecast period to reach $41.41 billion by 2022. Industrial applications segment is expected to maintain global dominance in application segments, whereas China and Japan driven Asia Pacific is expected to increase its dominance in global permanent rare earth magnets market.
The global supply of rare earth metals is expected to remain stable after WTO intervention and international agreements providing opportunities for sustainable market growth. The international players are also looking for other ways to reduce the dependencies, such as options of heavy rare earth free magnets, but the overall market is expected to remain stable in terms of price during the forecast period. Some of the prominent players in the global permanent rare earth magnets market are Hitachi Metals, Vacuumschmelze GmBH & Co. KG, Shin-Etsu Rare Earth Magnet and TDK.
Report Scope:
• Types
o Neodymium Magnets
o Samarium Magnets
• Applications
o Industrial
o Consumer Electronics
o Home Appliances
o Automotive
o Wind Turbines
o Others (such as Medical Equipment, Aerospace)
• Regions
o Asia Pacific
o Europe
o North America
o Rest of the World
• Industry outlook: market trends and drivers, restraints, and opportunities


Table of Contents
1 Report Outline 13
1.1 Introduction 13
1.2 Report Scope 13
1.3 Market Definitions 13
1.4 Research Methodology 13
1.4.1 Data Collation & In-House Estimation 14
1.4.2 Market Triangulation 15
1.4.3 Forecasting 15
1.5 Study Declarations 16
1.6 Report Assumptions 16
1.7 Stakeholders 16
2 Executive Summary 17
2.1 China is expected to further increase its dominance with extension to application markets 17
2.2 Wind turbine would lead the rare earth magnet demand growth while industrial motor would maintain lead contribution Position 17
3 Market Positioning 19
3.1 Total Addressable Market (TAM): Permanent Magnets 19
3.1.1 Market Overview 19
3.1.2 Major Trends 19
3.2 Segmented Addressable Market (SAM) 20
3.3 Related Markets 20
4 Market Outlook 21
4.1 Overview 21
4.2 Value Chain Analysis 21
4.3 PESTLE Analysis 22
4.4 Porter 5 (Five) Forces 22
4.5 Patent Analysis 23
5 Market Characteristics 25
5.1 Market Segmentation 25
5.2 Market Dynamics 25
5.2.1 Drivers 26
5.2.1.1 Increasing demand for efficiency and performance with smaller volume 26
5.2.1.2 Decreased Chinese supply control 26
5.2.2 Restraints 27
5.2.2.1 Illegal mining in China distorting level playing field 27
5.2.2.2 Price fluctuation due to controlled supply and political issues 27
5.2.3 Opportunities 27
5.2.3.1 High growth in EV/HEV and wind turbines 27
5.2.3.2 Innovation reducing dependencies on heavier rare earths 28
5.2.4 DRO – Impact Analysis 29
6 Types: Market Size and Analysis 30
6.1 Overview 30
6.2 Neodymium Permanent Magnets 31
6.3 Samarium-Cobalt Magnets 33
6.4 Vendor Profiles 34
6.4.1 Hitachi Metals, Ltd. 34
6.4.1.1 Overview 34
6.4.1.2 Business unit 35
6.4.1.3 Geographic revenue 36
6.4.1.4 Recent developments 36
6.4.1.5 Business focus 37
6.4.1.6 SWOT analysis 38
6.4.1.7 Business strategies 39
6.4.2 Neo Performance Materials 40
6.4.2.1 Overview 40
6.4.2.2 Business unit 41
6.4.2.3 Geographic Revenue 41
6.4.2.4 Recent Developments 42
6.4.2.5 Business Focus 42
6.4.2.6 SWOT Analysis 43
6.4.2.7 Business Strategy 44
6.4.3 Shin-Etsu Chemical Co., Ltd. 44
6.4.3.1 Overview 44
6.4.3.2 Business Units 45
6.4.3.3 Geographic Revenue 46
6.4.3.4 Recent Developments 46
6.4.3.5 Business Focus 47
6.4.3.6 SWOT Analysis 47
6.4.3.7 Business Strategy 48
6.4.4 Sumitomo Metal Mining Co., Ltd. 49
6.4.4.1 Overview 49
6.4.4.2 Business Units 50
6.4.4.3 Geographic Revenue 50
6.4.4.4 Recent Developments 51
6.4.4.5 Business Focus 51
6.4.4.6 SWOT Analysis 52
6.4.4.7 Business Strategy 53
6.4.5 TDK 53
6.4.5.1 Overview 53
6.4.5.2 Business Units 54
6.4.5.3 Geographic Revenue 55
6.4.5.4 Recent Developments 55
6.4.5.5 Business Focus 56
6.4.5.6 SWOT Analysis 56
6.4.5.7 Business Strategy 57
6.4.6 Vaccumschmelze GmbH & Co. KG (VAC) 58
6.4.6.1 Overview 58
6.4.6.2 Business Units 59
6.4.6.3 Recent Developments 59
6.4.6.4 Business Focus 60
6.4.6.5 SWOT Analysis 61
6.4.6.6 Business Strategy 62
7 Applications: Market Size and Analysis 63
7.1 Overview 63
7.2 Industrial Applications 64
7.3 Consumer Electronics Applications 66
7.4 Home Appliances Applications 68
7.5 Automotive Applications 70
7.6 Wind Turbines Applications 72
7.7 Customer Profile 74
7.7.1 Ford Motor Company 74
7.7.1.1 Overview 74
7.7.1.2 Business Unit 75
7.7.1.3 Geographic Revenue 75
7.7.1.4 Recent Developments 76
7.7.1.5 Business Focus 76
7.7.1.6 SWOT Analysis 77
7.7.1.7 Business Strategy 78
7.7.2 Honda Motor Co., Ltd. 79
7.7.2.1 Overview 79
7.7.2.2 Business Unit 80
7.7.2.3 Geographic Revenue 80
7.7.2.4 Recent Developments 81
7.7.2.5 Business Focus 82
7.7.2.6 SWOT Analysis 82
7.7.2.7 Business Strategy 83
7.7.3 Hyundai Motor Company 84
7.7.3.1 Overview 84
7.7.3.2 Business Unit 85
7.7.3.3 Geographic Revenue 85
7.7.3.4 Recent Developments 86
7.7.3.5 Business Focus 86
7.7.3.6 SWOT Analysis 87
7.7.3.7 Business Strategy 88
7.7.4 Siemens 89
7.7.4.1 Overview 89
7.7.4.2 Business Unit 90
7.7.4.3 Geographic Revenue 91
7.7.4.4 Recent Developments 91
7.7.4.5 Business Focus 92
7.7.4.6 SWOT Analysis 93
7.7.4.7 Business Strategy 94
7.7.5 Toyota Motor Company 95
7.7.5.1 Overview 95
7.7.5.2 Business unit 96
7.7.5.3 Geographic revenue 96
7.7.5.4 Recent Developments 97
7.7.5.5 Business Focus 97
7.7.5.6 SWOT Analysis 98
7.7.5.7 Business Strategy 99
8 Regions: Market Size and Analysis 100
8.1 Overview 100
8.2 Asia Pacific 101
8.2.1 Asia Pacific Market, By Countries 102
8.2.2 Asia Pacific Market, By Type 103
8.2.3 Asia Pacific Market, By Application 105
8.3 Europe 106
8.3.1 Europe Market, By Countries 107
8.3.2 Europe Market, By Type 108
8.3.3 Europe Market, By Application 109
8.4 North America 111
8.4.1 North America Market, By Countries 111
8.4.2 North America Market, By Type 113
8.4.3 North America Market, By Application 114
8.5 Rest of the World 116
8.5.1 Rest of the World Market, By Regions 116
8.5.2 Rest of the World Market, By Type 117
8.5.3 Rest of the World Market, By Application 119
9 Companies to Watch for 121
9.1 Vacuumschmelze Inc. 121
9.2 Seimens AG 121
9.3 Toyota 121
10 Competitive Landscape 122
10.1 Competitor Comparison Analysis 122
10.2 Competitive Strategy Analysis 122
10.3 Market Landscape 123
10.3.1 Mergers, Acquisitions & Joint Ventures 123
10.3.2 Agreements & Collaborations 124
10.3.3 Expansion 125
10.3.4 Exhibition & Product Launch 126
10.3.5 Innovation & product development 127
10.3.6 Legal 127
10.3.7 Restructuring & Repositioning 127
10.3.8 Divestment & divestiture 128
11 Expert’s Views 129
Annexure 130
 Abbreviations 130
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Vacuumschmelze Inc
Seimens AG
Toyota
Ford Motor Company
Honda Motor Co, Ltd
Hyundai Motor Company
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