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The Permanent Magnet Market Size was USD 24.6 billion in 2023 and is expected to reach USD 51.01 billion by 2032 and grow at a CAGR of 8.41% over the forecast period of 2024-2032.
The use of Electric Vehicles is gaining in popularity and driving demand for permanent magnets. EVs rely on NdFeB (neodymium-iron-boron) permanent magnets as one of the main components of their motors due to the high energy density, lightness, and efficiency magnets. These magnets help electric motors develop more power and energy efficiency a key requirement for getting the most range and performance out of EVs. As governments around the world introduce tougher emission norms, provide incentives, and promote sustainable modes of transportation, the demand for EVs is soaring. The transition to hybrid and plug-in hybrid vehicles also drives an increasing need for next-generation permanent magnet capabilities. The automotive industry as a whole is still investing in electric powertrain technologies, and the use of high-performance permanent magnets in such applications becomes increasingly critical to advancing the efficiency and reliability of EV motors, powering further growth of the market.
The United States also witnessed a surge, with EV sales surpassing 800,000 units in 2022, fueled by initiatives under the Inflation Reduction Act, which offers tax credits of up to USD 7,500 for EV buyers. These policies and incentives are directly boosting the demand for NdFeB permanent magnets used in EV motors, positioning them as a cornerstone of the transition to sustainable transportation.
The rising investments in research and development (R&D) are in key role in increasing the permanent magnet market. Researchers, industry leaders, and governments across the globe are conducting extensive research and development into new, advanced magnet technologies to improve performance while minimizing dependence on rare earth materials. For example, research involves developing high-performance magnets that exhibit better thermal stability and corrosion resistance to fulfill the requirements of modern applications, including electric vehicles (EVs), renewable energy systems, and advanced electronics. Moreover, there are emerging efforts to develop sustainable magnet manufacturing processes, such as recycling rare earth elements and exploring alternative materials, to help alleviate environmental concerns and supply chain issues. In addition to that, these R&D initiatives also drive technological upgradation and extend the horizons for different industries to utilize permanent magnets and aid market growth in the long run.
The U.S. Department of Energy (DOE) allocated USD 30 million in 2023 to its Critical Materials Institute for projects focused on improving the supply chain and recycling of rare earth elements, which are essential for permanent magnets.
Drivers
Advancements in material science led to high-performance permanent magnets.
Increasing demand for energy-efficient technologies across industries.
One of the major factors fuelling the market growth of permanent magnets is the rising demand for energy-efficient technologies in various industries. Permanent magnets, especially those based on neodymium-iron-boron (NdFeB), are essential in improving the performance of various devices and systems. Energy-efficient technologies are being adopted by sectors such as renewable energy, manufacturing, and consumer electronics to minimize operational costs and adhere to strict environmental rules. Design of wind turbine generators, in which permanent magnets play a vital role; they enhance energy conversion efficiency and decrease mechanical losses. Permanent magnet-based, energy-efficient motors are the new standard for electrical/electronic design and application to reduce electricity consumption and meet sustainability goals in industrial applications. And compact, energy-efficient magnet technologies enable performance optimization for the latest in consumer electronics phones, headphones, home appliances, and more. A burgeoning focus on energy efficiency across sectors, as a result of regulatory mechanisms and cost-saving measures, further bolsters the market for high-performance permanent magnets.
The U.S. Department of Energy (DOE) reported that energy-efficient motors, a key application of permanent magnets, could reduce industrial energy consumption by up to 30%. In China, energy efficiency initiatives under the 14th Five-Year Plan (2021-2025) are expected to accelerate the adoption of advanced technologies in manufacturing and renewable energy sectors.
Restraint
High cost of rare earth materials which may hamper the market growth.
High cost of rare earth material is one of the major restraining factors which may hinder the growth of the permanent magnet market. NdFeB magnets even need rare earths—neodymium and dysprosium are examples of rare earth elements in order to function, and these can be costly and capricious in price. Due to limited supply, geopolitical considerations, and complex and energy-intensive extraction processes, the key materials are going to be expensive. For example, China holds a large share of the global supply of rare earth elements and changes in its supply or trade policies can lead to steep price increases that raise the overall cost of manufacturing permanent magnets. This cost can be all too high limiting manufacturers from using permanent magnets in cost sensitive applications and thereby curtailing mass application across automotive, electronics, and renewable energy sectors. This high cost of rare earth materials can hinder market growth, especially in regions where alternative, cost effective technologies exist.
Opportunities
Integration of permanent magnets in emerging sectors such as robotics and energy storage systems.
Expanding application scope in medical devices, aerospace, and consumer electronics.
Government initiatives promoting clean energy and stringent regulations on emissions.
Permanent Magnet Market Segmentation
By Type
The ferrite magnet segment held the largest revenue share of about 40% in 2023. Due to its cost-effective, easily accessible, and multiform application, owing to which the ferrite magnet segment dominates the permanent magnet market. Ferrite magnets, derived from a combination of iron oxide and barium or strontium carbonate, are prepared at a much lower cost than rare-earth magnets such as neodymium-iron-boron (NdFeB). This cost-effectiveness makes them a well-matched choice for industries where the cost is important, for example, low-chance customer gadgets, toys, vehicle applications, and family unit machines. Furthermore, ferrite magnets have excellent magnetic properties, corrosion resistance, and durability that make them suitable for a range of applications including motors, loudspeakers, and magnetic separators.
By Application
Consumer electronics held the largest revenue share of more than 27% in 2023 in the permanent magnet market. Permanent magnets also play an important role as they are used in crucial components such as motors, speakers, microphones, hard drives and multiple sensors in such products as smartphones, laptops, televisions, audio systems and home appliances, where neodymium magnets are specifically used. With consumer demand for smaller, lighter, and more energy-efficient devices expanding, the demand for high-performance magnets has increased accordingly. These magnets enable that critical level of miniaturization and power efficiency for the design and operation of modern electronic devices. In addition, the permanent magnets sector benefits from the growth of consumer electronics at a global scale, driven by growing disposable income, technological developments and more smart devices. This extensive application and rising consumer electronics market demand have established it as the largest permanent magnet market segment.
Permanent Magnet Market Regional Overview
Asia Pacific dominated the permanent magnet market with the highest revenue share of about 58% in 2023 due to the region's robust manufacturing base, particularly in industries like automotive, electronics, and renewable energy, which drives significant demand for permanent magnets. Growing adoption of electric vehicles and government initiatives promoting clean energy contribute to the high demand for permanent magnets which drives the growth of the permanent magnets market in this region.
North America held a significant market share of the permanent magnet market in 2023. The region's strong demand for permanent magnets stemmed from their vital role in applications such as electric vehicle propulsion systems, renewable energy generation, and advanced electronics. Additionally, North America's focus on sustainability and clean energy initiatives further propelled the adoption of permanent magnets, contributing to its notable market share.
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Key Players in Permanent Magnet Market
TDK Corporation (Ferrite Magnets, NdFeB Magnets)
Electron Energy Corporation (NdFeB Magnets, Samarium Cobalt Magnets)
Bunting Magnetics Co. (Magnetic Assemblies, Ferrite Magnets)
Tengam Engineering, Inc. (Alnico Magnets, Samarium Cobalt Magnets)
Ningbo Yunsheng Co. Ltd. (NdFeB Magnets, Permanent Magnet Motors)
Chengdu Galaxy Magnets Co. Ltd. (NdFeB Magnets, Ferrite Magnets)
Eclipse Magnetics (Permanent Magnets, Magnetic Filters)
Arnold Magnetic Technologies (Samarium Cobalt Magnets, NdFeB Magnets)
Hitachi Metals, Ltd. (NdFeB Magnets, Samarium Cobalt Magnets)
Shin-Etsu Chemical Co. Ltd. (NdFeB Magnets, Ferrite Magnets)
Adams Magnetic Products Co Inc. (Flexible Magnets, Magnetic Assemblies)
Yantai Shougang Magnetic Materials Inc. (NdFeB Magnets, Ferrite Magnets)
Goudsmit Magnetics (Permanent Magnets, Magnetic Separation Systems)
Magnetic Applications Inc. (Alnico Magnets, Ferrite Magnets)
Daido Steel Co. Ltd. (NdFeB Magnets, Samarium Cobalt Magnets)
Zhong Ke San Huan Hi-Tech Co., Ltd. (NdFeB Magnets, Ferrite Magnets)
China Northern Rare Earth Group High-Tech Co. Ltd. (NdFeB Magnets, SmCo Magnets)
SanHuan Magnetic Materials Co. Ltd. (NdFeB Magnets, Ferrite Magnets)
VACUUMSCHMELZE GmbH & Co. KG (Fe-based Alloys, NdFeB Magnets)
Ta Tong Magnet Co., Ltd. (NdFeB Magnets, Ferrite Magnets)
Recent Development:
In 2024, TDK launched a new series of high-performance, environmentally friendly ferrite magnets designed to meet the growing demand in automotive and consumer electronics applications. The new series aims to reduce the environmental footprint by using sustainable production methods.
In 2023, Eclipse Magnetics is thrilled to introduce Ultralift E, a cutting-edge option in high-performance lifting and handling. Ultralift E incorporates the latest magnetic technology and advanced manufacturing techniques to deliver secure, efficient, precise, and cost-effective steel lifting solutions.
In 2023, Electron Energy Corporation developed a new generation of high-performance NdFeB magnets for use in electric vehicle motors, significantly enhancing the power density and efficiency of electric drive systems.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 24.6 Billion |
| Market Size by 2032 | US$ 51.01 Billion |
| CAGR | CAGR of 8.41% From 2023 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments |
•By Type (Ferrite Magnets, Neodymium Iron Boron Magnets, Samarium Cobalt Magnets, Alnico Magnets, Others) •By Application (Automotive, Consumer Electronics, General Industrial, Medical, Aerospace & Defense, Environment & Energy, Others) |
| Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | TDK Corporation, Electron Energy Corporation, Bunting Magnetics Co., Tengam Engineering, Inc., Ningbo Yunsheng Co. Ltd., Chengdu Galaxy Magnets Co Ltd., Eclipse Magnetics, Arnold Magnetic Technologies, Hitachi Metals, Ltd., Shin-Etsu Chemical Co Ltd., Adams Magnetic Products Co Inc., Yantai Shougang Magnetic Materials Inc., Goudsmit Magnetics, and other players. |
| Drivers |
•Advancements in material science led to high-performance permanent magnets. •Increasing demand for energy-efficient technologies across industries. |
| Restraints | •High cost of rare earth materials which may hamper the market growth. |
Ans. The Compound Annual Growth rate for the Permanent Magnet Market over the forecast period is 8.41%.
Ans. The projected market size for the Permanent Magnet Market is USD 51.01 billion by 2032.
Ans: The Automotive end-use segment grows with the highest CAGR in the Permanent Magnet Market.
Ans: China dominated the Asia Pacific region in the permanent magnet market with the highest revenue share in 2023.
Ans: The driving factors for the permanent magnet market are the rising demand for energy-efficient technologies across industries and advancements in material science leading to the development of high-performance magnets.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
3.1 Market Driving Factors Analysis
3.1.2 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 PESTLE Analysis
3.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 By Typeion Capacity and Utilization, by Country, By Type, 2023
5.2 Feedstock Prices, by Country, By Type, 2023
5.3 Regulatory Impact, by l Country, By Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 By Product Benchmarking
6.3.1 By Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new By Product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Cross Laminated Timber Market Segmentation, By Type
7.1 Chapter Overview
7.2 Ferrite Magnets
7.2.1 Ferrite Magnets Market Trends Analysis (2020-2032)
7.2.2 Ferrite Magnets Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Neodymium Iron Boron Magnets
7.3.1 Neodymium Iron Boron Magnets Market Trends Analysis (2020-2032)
7.3.2 Neodymium Iron Boron Magnets Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Samarium Cobalt Magnets
7.4.1 Samarium Cobalt Magnets Market Trends Analysis (2020-2032)
7.4.2 Samarium Cobalt Magnets Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Alnico Magnets
7.5.1 Alnico Magnets Market Trends Analysis (2020-2032)
7.5.2 Alnico Magnets Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Others
7.6.1 Others Market Trends Analysis (2020-2032)
7.6.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Cross Laminated Timber Market Segmentation, by Application
8.1 Chapter Overview
8.2 Automotive
8.2.1 Automotive Market Trends Analysis (2020-2032)
8.2.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Consumer Electronics
8.3.1 Consumer Electronics Market Trends Analysis (2020-2032)
8.3.2 Consumer Electronics Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 General Industrial
8.4.1 General Industrial Market Trends Analysis (2020-2032)
8.4.2 General Industrial Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Medical
8.5.1 Medical Market Trends Analysis (2020-2032)
8.5.2 Medical Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Aerospace & Defense
8.6.1 Aerospace & Defense Market Trends Analysis (2020-2032)
8.6.2 Aerospace & Defense Market Size Estimates and Forecasts to 2032 (USD Billion)
8.7 Environment & Energy
8.7.1 Environment & Energy Market Trends Analysis (2020-2032)
8.7.2 Environment & Energy Market Size Estimates and Forecasts to 2032 (USD Billion)
8.8 Others
8.8.1 Others Market Trends Analysis (2020-2032)
8.8.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Cross Laminated Timber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.2.4 North America Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.2.5.2 USA Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.2.6.2 Canada Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.2.7.2 Mexico Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Cross Laminated Timber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.5.2 Poland Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.6.2 Romania Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Cross Laminated Timber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.4 Western Europe Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.5.2 Germany Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.6.2 France Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.7.2 UK Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.8.2 Italy Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.9.2 Spain Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.12.2 Austria Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Cross Laminated Timber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.4 Asia Pacific Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.5.2 China Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.5.2 India Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.5.2 Japan Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.6.2 South Korea Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.2.7.2 Vietnam Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.8.2 Singapore Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.9.2 Australia Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Cross Laminated Timber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.4 Middle East Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.5.2 UAE Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Cross Laminated Timber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.2.4 Africa Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Cross Laminated Timber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.6.4 Latin America Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.6.5.2 Brazil Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.6.6.2 Argentina Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.6.7.2 Colombia Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Cross Laminated Timber Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Cross Laminated Timber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10. Company Profiles
10.1 TDK Corporation
10.1.1 Company Overview
10.1.2 Financial
10.1.3 By Type / Services Offered
10.1.4 SWOT Analysis
10.2 Electron Energy Corporation
10.2.1 Company Overview
10.2.2 Financial
10.2.3 By Type / Services Offered
10.2.4 SWOT Analysis
10.3 Bunting Magnetics Co.
10.3.1 Company Overview
10.3.2 Financial
10.3.3 By Type / Services Offered
10.3.4 SWOT Analysis
10.4 Tengam Engineering, Inc.
10.4.1 Company Overview
10.4.2 Financial
10.4.3 By Type / Services Offered
10.4.4 SWOT Analysis
10.5 Ningbo Yunsheng Co. Ltd.
10.5.1 Company Overview
10.5.2 Financial
10.5.3 By Type / Services Offered
10.5.4 SWOT Analysis
10.6 Chengdu Galaxy Magnets Co Ltd.
10.6.1 Company Overview
10.6.2 Financial
10.6.3 By Type / Services Offered
10.6.4 SWOT Analysis
10.7 Eclipse Magnetics
10.7.1 Company Overview
10.7.2 Financial
10.7.3 By Type / Services Offered
10.7.4 SWOT Analysis
10.8 Arnold Magnetic Technologies
10.8.1 Company Overview
10.8.2 Financial
10.8.3 By Type / Services Offered
10.8.4 SWOT Analysis
10.9 Hitachi Metals, Ltd.
10.9.1 Company Overview
10.9.2 Financial
10.9.3 By Type / Services Offered
10.9.4 SWOT Analysis
10.10 Shin-Etsu Chemical Co Ltd.
10.10.1 Company Overview
10.10.2 Financial
10.10.3 By Type / Services Offered
10.10.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Type
Ferrite Magnets
Neodymium Iron Boron Magnets
Samarium Cobalt Magnets
Alnico Magnets
Others
By Application
Automotive
Consumer Electronics
General Industrial
Medical
Aerospace & Defense
Environment & Energy
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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