Alnico Magnets

The latest report pertaining to 'Alnico Magnets Market' provides a detailed analysis regarding market size, revenue estimations and growth rate of the industry. In addition, the report illustrates the major obstacles and newest growth strategies adopted by leading manufacturers who are a part of the competitive landscape of this market.
 
Alnico belongs to the group of permanent (hard) magnets primarily composed of aluminum, nickel and cobalt. They are hard ferromagnetic substances which are widely used in temperature sensitive applications such as hall-effect and MR-based electronic and automotive sensors.They are also known as composite magnets which are usually manufactured from sintering or casting offering superior mechanical characteristics. Alnico magnets are made from the combination of aluminum, nickel and cobalt with small amounts of iron and other small elements that improve the property of the magnet.
 
 The global market for alnico has been witnessing significant growth owing to rapid expansion of the automotive industry. Alnico magnets are majorly used in several components of an automobile including exhaust systems and sensors among others. Asia Pacific accounted as the largest market for alnico magnets, which was majorly supported by China, followed by several regions in Rest of the World (RoW) such as Latin America and Middle East. After the global economic slowdown in 2008-09, the manufacturing industry in North America has been slowly gaining pace. Alnico magnets are being increasingly implemented in electric motors and various sound reproductive systems such as microphones and loudspeakers. However, over the years, the industry for alnico magnets in this region has been noticeably saturated due to increasing consumption of NdFeB magnets. These magnets have been increasingly superseded by rare earth magnets such as NdFeB as well as ferrite in different automotive and electronic equipments, resulting in low demand from retail and manufacturing companies. However, alnico magnets cannot be replaced completely by rare earth elements due to their wide temperature range and stability. Thus, besides the automotive industry, growing demand for electric motors and sound systemshas been strongly contributing towards the growth of the alnico market.Moreover, rapid growth of industrial activities in emerging regions such as Asia Pacific has resulted in growth of various application sectors such as healthcare, electronics and power generation among others, which in turn is expected to contribute towards the demand for alnico magnets in Asia Pacific over the forecast period.
 
 Increasing demand for alnico magnets on account of growth of the automotive industry is expected to be one of the vital factors driving the demand for alnico magnets over the forecast period. Rise in disposable income, improved infrastructure and increasing population are some of the factors driving the demand for automobiles.Moreover, increasing use of alnico magnets in temperature sensitive applications owing to growing industrialization and electronics industry is also expected to contribute towards the growth of the market. However, increasing substitution of alnico magnets by rare earth magnets such as NdFeB on account of larger energy products and stronger magnetic fields, allowing smaller size magnets to be used for a given application is expected to hamper the growth of the market. Increasing application scope of alnico magnets in HEVs coupled with growing demand for these vehicles is expected to open opportunities for the growth of the market over the next few years. 
 
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Alnico Magnets. 
 
 This report studies the global market size of Alnico Magnets, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
 
 This study presents the Alnico Magnets production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
 
 For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
 
 In global market, the following companies are covered: 
     Arnold Magnetic Technologies
     Adams Magnetic Products
     Stanford Magnets
     Master Magnetics
     Eneflux-Armtek Magnetics
     Hitachi Metals

 Market Segment by Product Type
     Cast Alnico
     Sintered Alnico
    Bar Alnico
 
 Market Segment by Application
     Electronics
     Automotive
     Aerospace
     Wind Energy
     Medical Devices
 
Alnico Magnets market report consists of the world’s crucial region market share, size (volume), trends including the product profit, price, value, production, capacity, capability utilization, supply, and demand. Besides, market growth rate, size, and forecasts at the global level have been provided. The geographic areas covered in this report: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
This research study involved the extensive usage of both primary and secondary data sources.  The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. Top-down and bottom-up approaches are used to validate the global market size market and estimate the market size for manufacturers, regions segments, product segments and applications (end users). All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from BrandEssenceResearch and presented in this report. 
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

 
 The study objectives are:
     To analyze and research the Alnico Magnets status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
     To present the key Alnico Magnets manufacturers, presenting the sales, revenue, market share, and recent development for key players.
     To split the breakdown data by regions, type, companies and applications 
     To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
     To identify significant trends, drivers, influence factors in global and regions
     To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
 
 In this study, the years considered to estimate the market size of Alnico Magnets are as follows:
     History Year: 2014-2018
     Base Year: 2018
     Estimated Year: 2019
     Forecast Year 2019 to 2025
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