NEW YORK, Oct. 25, 2021 /PRNewswire/ -- The magnetic materials market is set to grow by USD 24.89 billion between 2021 and 2025, and register a CAGR of 5.71%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Arnold Magnetic Technologies Corp., Carpenter Technology Corp., Daido Steel Co. Ltd., DEXTER MAGNETIC TECHNOLOGIES, Dura Magnetics Inc., Electron Energy Corp., Hitachi Metals Ltd., Lynas Corp. Ltd., TDK Corp., and Toshiba Corp. are some of the major market participants.
The increased applicability in the computer application industry will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Magnetic Materials Market 2021-2025: Segmentation
- Hard Magnetic Materials
- Soft Magnetic Materials
- Automotive and Transportation Applications
- Electronics and Instrumentation Applications
- Industrial Applications
- Other Applications
- North America
- South America
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Magnetic Materials Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the magnetic materials market provides a detailed analysis of vendors operating in the market.
The report also covers the following areas:
- Magnetic Materials Market size
- Magnetic Materials Market trends
- Magnetic Materials Market analysis
- Magnetic Materials Market segmentation
- Magnetic Materials Market vendors
The increased investment in magnetic materials will offer immense growth opportunities. However, the volatile prices of raw materials will hamper the market growth.
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Magnetic Materials Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist magnetic materials market growth during the next five years
- Estimation of the magnetic materials market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the magnetic materials market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of magnetic materials market vendors
Magnetic Materials Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 5.71%
Market growth 2021-2025
USD 24.89 billion
YoY growth (%)
APAC, North America, Europe, South America, and MEA
Performing market contribution
APAC at 43%
Key consumer countries
China, US, Japan, Germany, and Brazil
Leading companies, competitive strategies, consumer engagement scope
Arnold Magnetic Technologies Corp., Carpenter Technology Corp., Daido Steel Co. Ltd., DEXTER MAGNETIC TECHNOLOGIES, Dura Magnetics Inc., Electron Energy Corp., Hitachi Metals Ltd., Lynas Corp. Ltd., TDK Corp., and Toshiba Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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