$14.4 Billion Worldwide Rare Earth Magnet Industry to 2026 - Impact of COVID-19 on the Market - ResearchAndMarkets.com

·5 min read

DUBLIN, Jun 14, 2021--(BUSINESS WIRE)--The "Rare Earth Magnet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global rare earth magnet market reached a value of US$ 14.4 Billion in 2020. Looking forward, the publisher expects the global rare earth magnet market to exhibit moderate growth during the next five years.

Rare-earth magnets refer to a type of permanent magnets which are made from the alloys of rare earth elements. They generate strong magnetic fields that assist in product miniaturization, improving product performance and reducing manufacturing costs. As these magnets are brittle and prone to corrosion, they are generally plated or coated to avert breaking, chipping or crumbling into powder. Owing to their numerous advantages, they find applications in the manufacturing of motors, separators, printers, microphones, automotive starters, acoustic transducers and computer disc drives.

Earlier, the application of rare earth magnets was largely confined to the motors and automotive industry. However, the global rare earth magnet market has recently experienced a rise in the demand from several new industries such as electronics, medical devices and actuators manufacturing. Moreover, on account of rapid urbanization, industrialization, growing penetration of electricity and increasing levels of automation in several industries, the electric motor industry is experiencing moderate growth. As the motor industry represents one of the largest end-users of rare earth magnets, this growth is creating a positive impact on their demand. Apart from this, expansion of the wind energy generation plants on account of the growing population and increasing demand for electricity is anticipated to boost the market growth in the upcoming years.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report along with the detailed profiles of the major players operating in the industry.

Key Questions Answered in This Report:

1. What was the global rare earth magnet market size in 2020?

2. What are the major global rare earth magnet market drivers?

3. What are the major global rare earth magnet market trends?

4. What is the impact of COVID-19 on the global rare earth magnet market?

5. What will be the rare earth magnet market outlook during the forecast period (2021-2026)?

6. What is the global rare earth magnet market breakup by magnet type?

7. What is the global rare earth magnet market breakup by application?

8. What are the major regional markets in the global rare earth magnet industry?

9. Who are the leading players in the global rare earth magnet industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Properties

4.3 Key Industry Trends

5 Global Rare Earth Magnets Industry

5.1 Market Overview

5.2 Market Performance

5.2.1 Volume Trends

5.2.2 Value Trends

5.3 Impact of COVID-19

5.4 Price Analysis

5.4.1 Key Price Indicators

5.4.2 Price Structure

5.4.3 Price Trends

5.5 Market Breakup by Region

5.6 Market Breakup by Magnet Type

5.7 Market Breakup by Application

5.8 Market Forecast

5.9 SWOT Analysis

5.9.1 Overview

5.9.2 Strengths

5.9.3 Weaknesses

5.9.4 Opportunities

5.9.5 Threats

5.10 Value Chain Analysis

5.10.1 Rare Earth Mining and Milling Companies

5.10.2 Rare Earth Oxide Manufacturers

5.10.3 Rare Earth Metal Manufacturers

5.10.4 Rare Earth Alloy Manufacturers

5.10.5 Rare Earth Magnet Manufacturers

5.10.6 Product Distribution

5.10.7 Scrap Magnets Removing and Separating Companies

5.10.8 Recycling Companies

5.11 Porter's Five Forces Analysis

5.11.1 Overview

5.11.2 Bargaining Power of Buyers

5.11.3 Bargaining Power of Suppliers

5.11.4 Degree of Competition

5.11.5 Threat of New Entrants

5.11.6 Threat of Substitutes

5.12 Key Market Drivers and Success Factors

6 Market Performance by Magnet Type

6.1 NdFeB Magnets

6.1.1 Volume Trends

6.1.2 Value Trends

6.1.3 Market Breakup by Region

6.1.4 Market Breakup by Applications

6.1.5 Market Forecast

6.2 SmCo Magnets

6.2.1 Volume Trends

6.2.2 Value Trends

6.2.3 Market Breakup by Region

6.2.4 Market Breakup by Applications

6.2.5 Market Forecast

7 Market Performance by Key Regions

8 Market Breakup by Application

9 Competitive Landscape

9.1 Competitive Structure

9.2 Key Players

10 Rare Earth Magnet Manufacturing Process

10.1 Product Overview

10.2 Detailed Process Flow

10.3 Various Types of Unit Operations Involved

10.4 Mass Balance and Raw Material Requirements

11 Project Details, Requirements and Costs Involved

12 Loans and Financial Assistance

13 Project Economics

14 Key Player Profiles

For more information about this report visit https://www.researchandmarkets.com/r/qzvm34

View source version on businesswire.com: https://www.businesswire.com/news/home/20210614005359/en/


Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting