Permanent Magnet Market would be worth $18,800 Million, with CAGR of Nov 2014

Permanent Magnet Market would be worth $18,800 Million,
with CAGR of 8.7% from 2013 to 2018.
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 TOC on
“ 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".
http://www.marketsandmarkets.com/Market-Reports/permanent-magnet-market-806.html

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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 efforts of western governments might bear fruit in
future, and these issues may be sorted in the next five to ten years.