Market Overview:
The global Alnico market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for Alnico magnets in various applications such as healthcare, electronics, power generation, and others. Additionally, rising awareness about the benefits of using Alnico magnets is also contributing to the growth of this market.
Product Definition:
Alnico is an alloy of aluminum, nickel and cobalt. It has a high magnetic permeability and low coercivity, making it ideal for use in loudspeakers, electric motors and other applications where a strong magnetic field is required. Alnico magnets are also used in jewelry and guitar pickups.
Sintered AlNiCo:
Sintered AlNiCo is a new generation of magnetic material developed by the US Air Force. It has high energy density, low Curie temperature and excellent hysteresis energy. Sintered AlNiCo magnets are used in applications where high-temperature operation and strong fields are required such as power electronics, hard disk drives, electric motors and sputtering targets among others.
Cast AlNiCo:
Cast AlNiCo is a type of ceramic material, which consists of aluminum and nickel. It has the ability to capture energy from magnetic fields and convert it into electrical energy. The material is used in applications such as electric vehicles (EV), power generators, electric motors, etc., owing to its high efficiency in converting electricity into mechanical motion with low power consumption characteristics.
The global cast alnico market size was valued at USD 856 million in 2016.
Application Insights:
Healthcare was the largest application segment in 2016, accounting for a market share of more than 40%. The product is used as an active material in various medical devices such as X-ray tubes, CT scanners and MRI machines. In addition, it is employed in numerous other healthcare products such as orthopedic implants and surgical instruments.
The electronics industry has also been witnessing significant growth over the past few years owing to increasing demand for smartphones across the globe. Electronics manufacturers are increasingly using alnico magnets to produce strong yet lightweight materials that can be used to make electronic devices with thin profiles and high efficiency heat dissipation surfaces. These aforementioned factors are expected to drive product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well due to increasing demand from end-use industries such as electronics, power generation and healthcare. China is anticipated to be a key country for growth in this region owing to rapid industrialization and availability of low-cost raw materials.
North America accounted for a significant share of revenue in 2017 owing to growing demand from major end-use industries such as aerospace, defense & space equipment, medical devices and others. The U.S., being one of the largest economies across the globe has been witnessing strong economic growth since 2009 after experiencing recession between 2007 & 2009 which negatively impacted construction spending but positively influenced other sectors including manufacturing sector that resulted into positive growth for overall economy by 2014’s GDP numbers released by IBEF (International Business Exchange).
Growth Factors:
- Increasing demand from the automotive and electronics industries for high-performance magnets
- Growing popularity of electric vehicles and hybrid vehicles
- Rising demand for energy-efficient appliances and devices
- Proliferation of Internet of Things (IoT) devices
- Increasing investments in research and development to develop new applications for alnico magnets
Scope Of The Report
Report Attributes
Report Details
Report Title
Alnico Market Research Report
By Type
Sintered AlNiCo, Cast AlNiCo
By Application
Healthcare, Electronics, Power Generation, Others
By Companies
Adams Magnetic Products, Arnold Magnetic Technologies, Dexter Magnetic Technologies, Tengam Engineering, Adams Magnetic Products
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Alnico Market Report Segments:
The global Alnico market is segmented on the basis of:
Types
Sintered AlNiCo, Cast AlNiCo
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Healthcare, Electronics, Power Generation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Adams Magnetic Products
- Arnold Magnetic Technologies
- Dexter Magnetic Technologies
- Tengam Engineering
- Adams Magnetic Products
Highlights of The Alnico Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sintered AlNiCo
- Cast AlNiCo
- By Application:
- Healthcare
- Electronics
- Power Generation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Alnico Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Alnico is a type of magnetic material that is used in guitar pickups. It has a high resistance to distortion and helps give the guitar's sound its characteristic "twang."
Some of the key players operating in the alnico market are Adams Magnetic Products, Arnold Magnetic Technologies, Dexter Magnetic Technologies, Tengam Engineering, Adams Magnetic Products.
The alnico market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Alnico Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Alnico Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Alnico Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Alnico Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Alnico Market Size & Forecast, 2020-2028
4.5.1 Alnico Market Size and Y-o-Y Growth
4.5.2 Alnico Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sintered AlNiCo
5.2.2 Cast AlNiCo
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Healthcare
6.2.2 Electronics
6.2.3 Power Generation
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Alnico Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Alnico Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sintered AlNiCo
9.6.2 Cast AlNiCo
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Healthcare
9.10.2 Electronics
9.10.3 Power Generation
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sintered AlNiCo
10.6.2 Cast AlNiCo
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Healthcare
10.10.2 Electronics
10.10.3 Power Generation
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sintered AlNiCo
11.6.2 Cast AlNiCo
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Healthcare
11.10.2 Electronics
11.10.3 Power Generation
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sintered AlNiCo
12.6.2 Cast AlNiCo
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Healthcare
12.10.2 Electronics
12.10.3 Power Generation
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sintered AlNiCo
13.6.2 Cast AlNiCo
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Healthcare
13.10.2 Electronics
13.10.3 Power Generation
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Alnico Market: Competitive Dashboard
14.2 Global Alnico Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Adams Magnetic Products
14.3.2 Arnold Magnetic Technologies
14.3.3 Dexter Magnetic Technologies
14.3.4 Tengam Engineering
14.3.5 Adams Magnetic Products
