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Permanent Magnet Market By Type (NdFeB, Ferrite, SmCo, and Alnico) & Industry Worth $18,800 Million by 2018 – New Report by Marketsandmarkets
Date:9/9/2013

(PRWEB) September 09, 2013

The report "Permanent Magnet Market By Types (NdFeb, Ferrite, SmCo, Alnico), End User Industry (Consumer Electronics, General Industrial, Automotive, Medical Technology, Environment & Energy, Aerospace & Defense, Others) & Geography - Trends & Forecast To 2018," defines and segments the permanent magnets market with analysis and forecasting of revenues, and consumption, globally. The permanent magnet market will grow to $18.8 billion by 2018, at a CAGR of 8.7% from 2013 to 2018.

Browse 131 market data tables and 48 figures spread through 298 pages and in-depth Table of Content on “Permanent Magnet Market".
http://www.marketsandmarkets.com/Market-Reports/permanent-magnet-market-806.html

Early buyers will receive 10% customization on this report.

The permanent magnet market is mainly driven by advantages offered by magnets in industrial as well as domestic operations, coupled with a rise in demand for miniaturization. This helps the permanent magnet market to grow at quite a swift pace.

The market experienced a boom in 2011, due to increased demand for rare earth permanent magnets. But as demand increased, the supply chain interruptions resulted in the scarcity of rare earth permanent magnets. This affected the market adversely and the market plunged in 2012. As the supply of rare earths became stable, the market became stable, and it is expected to further stabilize in future.

This stabilization would occur due to a reduction in the amount of dysprosium content in neo magnets as well as a marked improvement in overall magnetic properties of ferrite magnets. Globally, other countries have also started mining rare earth oxides so as to reduce their dependence on China. The initiatives and e
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