Market Overview:
The global aluminum-nickel-cobalt magnets market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for aluminum-nickel-cobalt magnets from various applications, such as medical devices, instrumentation, motors, and others. In addition, the growing demand for miniaturization and high performance in various end user industries is also contributing to the growth of this market. However, fluctuations in prices of raw materials used in manufacturing aluminum-nickel-cobalt magnets may restrain the growth of this market to some extent during the forecast period.
Product Definition:
A type of rare earth magnet that is made up of aluminum, nickel and cobalt. They are very strong and have a high resistance to demagnetization. They are often used in medical devices, motors and generators.
Cast Type:
Cast type is a process of molding in which metal parts are formed by pouring molten metal into a sand-filled cavity. The sand helps to cool the metal and retain its shape. There are different types of cast processes such as lost wax process, iron gate lost wax process, and die casting among others. Die casting is one of the major types used for manufacturing automotive parts including engine blocks, cylinder heads, brake drums among others.
Sintered Type:
Sintered type is a method of manufacturing permanent magnets by using powdered material and forcing it into a mold under high pressure. The finished product consists of grains that are close together and parallel to the magnetization direction. The grains can be further refined to produce highly specialized products depending on the requirements.
Application Insights:
In terms of volume, the motor application segment dominated the global aluminum-nickel-cobalt magnets market in 2017. The segment is projected to witness significant growth over the forecast period owing to rising demand for electric motors from various industrial applications and consumer goods. For instance, as per a study by IEA, global passenger car sales were around 1.03 billion in 2016 and are expected to reach 2.10 billion by 2030 which would indicate a CAGR of XX% during this same period which would drive demand for electric motors thus augmenting product demand over the forecast period.
Medical devices application was another major end use industry for these products with volume estimated at more than 20 million units annually in 2017 due to properties such as high corrosion resistance & magnetic susceptibility that make them ideal components in medical equipment manufacturing plants globally coupled with growing awareness regarding better health outcomes leading to an increase in expenditure on healthcare across various regions globally including North America, Europe.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The region is expected to maintain its lead throughout the forecast period owing to high product demand from various end-use industries, such as medical devices and electric motors. High consumer disposable income levels coupled with a rise in per capita healthcare spending are also likely to drive the regional market growth over the coming years.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to rapid industrialization and increasing foreign investments in key markets including China, India, Japan, South Korea & Taiwan. In addition, rising population along with growing health concerns has led to an increase in demand for medical products across this region which will further boost industry expansion over next eight years time frame.
Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing demand from the automotive and electronics industries
- Growing popularity of electric vehicles
- Rising demand for energy-efficient magnets
- Technological advancements in the manufacturing process of aluminum-nickel-cobalt magnets
- Growing awareness about the benefits of aluminum-nickel-cobalt magnets
Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminum-Nickel-Cobalt Magnets Market Research Report
By Type
Cast Type, Sintered Type
By Application
Medical Devices, Instrument, Motor, Others
By Companies
Goudsmit, Rheinmagnet, Adams Magnetic Products, Arnold Magnetic Technologies, A To Z Magnet, Baotou INST Magnetic, Zhong Ke San Huan, China Rare Earth Magnet, Dexter Magnetic Technologies, Electron Energy Corporation, Goudsmit
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
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Aluminum-Nickel-Cobalt Magnets Market Report Segments:
The global Aluminum-Nickel-Cobalt Magnets market is segmented on the basis of:
Types
Cast Type, Sintered Type
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
Medical Devices, Instrument, Motor, 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:
- Goudsmit
- Rheinmagnet
- Adams Magnetic Products
- Arnold Magnetic Technologies
- A To Z Magnet
- Baotou INST Magnetic
- Zhong Ke San Huan
- China Rare Earth Magnet
- Dexter Magnetic Technologies
- Electron Energy Corporation
- Goudsmit
Highlights of The Aluminum-Nickel-Cobalt Magnets 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:
- Cast Type
- Sintered Type
- By Application:
- Medical Devices
- Instrument
- Motor
- 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 Aluminum-Nickel-Cobalt Magnets 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?
Aluminum-Nickel-Cobalt Magnets are magnets made of a combination of aluminum, nickel, and cobalt. They are strong magnets that can hold a lot of weight.
Some of the key players operating in the aluminum-nickel-cobalt magnets market are Goudsmit, Rheinmagnet, Adams Magnetic Products, Arnold Magnetic Technologies, A To Z Magnet, Baotou INST Magnetic, Zhong Ke San Huan, China Rare Earth Magnet, Dexter Magnetic Technologies, Electron Energy Corporation, Goudsmit.
The aluminum-nickel-cobalt magnets market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aluminum-Nickel-Cobalt Magnets 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 Aluminum-Nickel-Cobalt Magnets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aluminum-Nickel-Cobalt Magnets 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 Aluminum-Nickel-Cobalt Magnets 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 Aluminum-Nickel-Cobalt Magnets Market Size & Forecast, 2018-2028
4.5.1 Aluminum-Nickel-Cobalt Magnets Market Size and Y-o-Y Growth
4.5.2 Aluminum-Nickel-Cobalt Magnets Market Absolute $ Opportunity
Chapter 5 Global Aluminum-Nickel-Cobalt Magnets 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 Aluminum-Nickel-Cobalt Magnets Market Size Forecast by Type
5.2.1 Cast Type
5.2.2 Sintered Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aluminum-Nickel-Cobalt Magnets 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 Aluminum-Nickel-Cobalt Magnets Market Size Forecast by Applications
6.2.1 Medical Devices
6.2.2 Instrument
6.2.3 Motor
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aluminum-Nickel-Cobalt Magnets 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 Aluminum-Nickel-Cobalt Magnets 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 Aluminum-Nickel-Cobalt Magnets Analysis and Forecast
9.1 Introduction
9.2 North America Aluminum-Nickel-Cobalt Magnets 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 Aluminum-Nickel-Cobalt Magnets Market Size Forecast by Type
9.6.1 Cast Type
9.6.2 Sintered Type
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 Aluminum-Nickel-Cobalt Magnets Market Size Forecast by Applications
9.10.1 Medical Devices
9.10.2 Instrument
9.10.3 Motor
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 Aluminum-Nickel-Cobalt Magnets Analysis and Forecast
10.1 Introduction
10.2 Europe Aluminum-Nickel-Cobalt Magnets 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 Aluminum-Nickel-Cobalt Magnets Market Size Forecast by Type
10.6.1 Cast Type
10.6.2 Sintered Type
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 Aluminum-Nickel-Cobalt Magnets Market Size Forecast by Applications
10.10.1 Medical Devices
10.10.2 Instrument
10.10.3 Motor
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 Aluminum-Nickel-Cobalt Magnets Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aluminum-Nickel-Cobalt Magnets 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 Aluminum-Nickel-Cobalt Magnets Market Size Forecast by Type
11.6.1 Cast Type
11.6.2 Sintered Type
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 Aluminum-Nickel-Cobalt Magnets Market Size Forecast by Applications
11.10.1 Medical Devices
11.10.2 Instrument
11.10.3 Motor
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 Aluminum-Nickel-Cobalt Magnets Analysis and Forecast
12.1 Introduction
12.2 Latin America Aluminum-Nickel-Cobalt Magnets 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 Aluminum-Nickel-Cobalt Magnets Market Size Forecast by Type
12.6.1 Cast Type
12.6.2 Sintered Type
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 Aluminum-Nickel-Cobalt Magnets Market Size Forecast by Applications
12.10.1 Medical Devices
12.10.2 Instrument
12.10.3 Motor
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) Aluminum-Nickel-Cobalt Magnets Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aluminum-Nickel-Cobalt Magnets 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) Aluminum-Nickel-Cobalt Magnets Market Size Forecast by Type
13.6.1 Cast Type
13.6.2 Sintered Type
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) Aluminum-Nickel-Cobalt Magnets Market Size Forecast by Applications
13.10.1 Medical Devices
13.10.2 Instrument
13.10.3 Motor
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 Aluminum-Nickel-Cobalt Magnets Market: Competitive Dashboard
14.2 Global Aluminum-Nickel-Cobalt Magnets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Goudsmit
14.3.2 Rheinmagnet
14.3.3 Adams Magnetic Products
14.3.4 Arnold Magnetic Technologies
14.3.5 A To Z Magnet
14.3.6 Baotou INST Magnetic
14.3.7 Zhong Ke San Huan
14.3.8 China Rare Earth Magnet
14.3.9 Dexter Magnetic Technologies
14.3.10 Electron Energy Corporation
14.3.11 Goudsmit
