Attractive Opportunities in Magnetic Materials Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

Attractive Opportunities in Magnetic Materials Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

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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.

Download Free sample Report for insights on the drivers, trends, and challenges that will help companies evaluate and develop growth strategies for 2021-2025.

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

  • Product
    • Hard Magnetic Materials
    • Soft Magnetic Materials
  • Application
    • Automotive and Transportation Applications
    • Electronics and Instrumentation Applications
    • Industrial Applications
    • Other Applications
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

Get Insights on each segment and make informed business decisions: https://www.technavio.com/talk-to-us?report=IRTNTR43913

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:

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

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Magnetic Materials Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.71%

Market growth 2021-2025

USD 24.89 billion

Market structure

Fragmented

YoY growth (%)

5.03

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 43%

Key consumer countries

China, US, Japan, Germany, and Brazil

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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.

Market Dynamics

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

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Download FREE sample report now to uncover vendor analysis and offerings of magnetic materials market

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact:

Technavio Research

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Email: media@technavio.com

Website: www.technavio.com/

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SOURCE Technavio

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