Market Overview:
The global high performance rare earth magnet for VCM 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 HDDs, medical devices, semiconductors, and aviation equipment. Additionally, the growing awareness about the benefits of using high performance rare earth magnets is also contributing to the growth of this market.
Product Definition:
A high performance rare earth magnet is a type of magnet that is made from alloys of rare earth elements. These magnets are extremely powerful and have a variety of applications, including in motors, sensors, and loudspeakers.
Sintered Rare Earth Magnet:
Sintered rare earth magnet, also called as s-REE Magnet is a type of high performance rare earth magnet that contains iron and nickel along with some other metals such as cobalt and titanium. S-REE magnets are used in various applications including electric vehicles (EV), wind power, generators, motors & pumps among others.
Bonded Rare Earth Magnet:
Bonded rare earth magnet is a type of high performance rare earth magnet, which has iron or steel core with outer coating made from carbon steel. These magnets are used in various applications such as hard disk drives, electric motors, and sputtering targets among others. The key driver for the market is increasing demand for high-performance permanent magnetic material that can be used in various applications including energy storage devices and spintronics.
Application Insights:
The global high performance rare earth magnet for VCM market, by application, is segmented into hard disk drive (HDD), medical equipment, semiconductor equipment, and other applications. The HDD application segment accounted for the largest share in 2017 owing to its rising use in hard disk drives that are used in computers and data storage devices.
High performance rare earth magnets are also used as components of magnetic resonance imaging (MRI) scanners which help create strong images of the body¢â‚¬â„¢s interior. MRI uses a combination of powerful magnets and superconductive radiofrequency technology to produce detailed images with exceptional clarity at lower costs compared to computed tomography (CT). This has led to an increased demand for HPMs over recent years which is expected to fuel product demand over the forecast period.
Regional Analysis:
Asia Pacific held the largest market share of over 45% in 2017. The region is expected to continue its dominance over the forecast period owing to high product demand from various application industries in countries such as China, India, Japan and South Korea. In addition, rising manufacturing activities due to low labor cost and availability of skilled workforce are anticipated to drive regional growth.
China was estimated as the largest producer and consumer for global rare earth magnet VCM market with a volume-based CAGR of XX% during the forecast period on account of rapid industrialization along with increasing per capita income levels among consumers is projected to fuel overall economic development thereby driving industry growth in this region.
Europe accounted for a significant share owing to growing production facilities across Germany, Uralchem (Russia), Magnitogorsk Iron & Steel Works (Russia) and Nizhnekamsky Rare Earth Plant (Russia).
Growth Factors:
- Increasing demand from the automotive industry for high-performance rare earth magnets in electric vehicles and hybrid electric vehicles.
- Rapid growth of the renewable energy sector, as high-performance rare earth magnets are used in wind turbines and solar panels.
- Rising demand from the electronics industry for miniature motors and sensors that use high-performance rare earth magnets.
- Growing popularity of consumer electronics products such as smartphones, tablets, and laptops that require small but powerful rare earth magnets for their magnetic speakers and microphones.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Performance Rare Earth Magnet for VCM Market Research Report
By Type
Sintered Rare Earth Magnet, Bonded Rare Earth Magnet
By Application
HDD, Medical, Semiconductor, Aviation
By Companies
Hitachi Metals Group, Shin-Etsu, TDK, VAC, Daido Electronics, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, ZHmag, Galaxy Magnetic, Pinghu Geor Chi Electronics
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global High Performance Rare Earth Magnet for VCM Market Report Segments:
The global High Performance Rare Earth Magnet for VCM market is segmented on the basis of:
Types
Sintered Rare Earth Magnet, Bonded Rare Earth Magnet
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
HDD, Medical, Semiconductor, Aviation
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:
- Hitachi Metals Group
- Shin-Etsu
- TDK
- VAC
- Daido Electronics
- Beijing Zhong Ke San Huan Hi-Tech
- Yunsheng Company
- ZHmag
- Galaxy Magnetic
- Pinghu Geor Chi Electronics
Highlights of The High Performance Rare Earth Magnet for VCM 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 Rare Earth Magnet
- Bonded Rare Earth Magnet
- By Application:
- HDD
- Medical
- Semiconductor
- Aviation
- 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 High Performance Rare Earth Magnet for VCM 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?
A high performance rare earth magnet is a magnet that has a higher coercivity than most other magnets. This means that it can hold its shape more strongly and resist being pulled away from its target. It is often used in applications where precision and stability are important, such as with magnetic resonance imaging (MRI) scanners or particle accelerators.
Some of the major players in the high performance rare earth magnet for vcm market are Hitachi Metals Group, Shin-Etsu, TDK, VAC, Daido Electronics, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, ZHmag, Galaxy Magnetic, Pinghu Geor Chi Electronics.
The high performance rare earth magnet for vcm market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Performance Rare Earth Magnet for VCM 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 High Performance Rare Earth Magnet for VCM Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Performance Rare Earth Magnet for VCM 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 High Performance Rare Earth Magnet for VCM 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 High Performance Rare Earth Magnet for VCM Market Size & Forecast, 2018-2028
4.5.1 High Performance Rare Earth Magnet for VCM Market Size and Y-o-Y Growth
4.5.2 High Performance Rare Earth Magnet for VCM Market Absolute $ Opportunity
Chapter 5 Global High Performance Rare Earth Magnet for VCM 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 High Performance Rare Earth Magnet for VCM Market Size Forecast by Type
5.2.1 Sintered Rare Earth Magnet
5.2.2 Bonded Rare Earth Magnet
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Performance Rare Earth Magnet for VCM 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 High Performance Rare Earth Magnet for VCM Market Size Forecast by Applications
6.2.1 HDD
6.2.2 Medical
6.2.3 Semiconductor
6.2.4 Aviation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Performance Rare Earth Magnet for VCM 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 High Performance Rare Earth Magnet for VCM 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 High Performance Rare Earth Magnet for VCM Analysis and Forecast
9.1 Introduction
9.2 North America High Performance Rare Earth Magnet for VCM 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 High Performance Rare Earth Magnet for VCM Market Size Forecast by Type
9.6.1 Sintered Rare Earth Magnet
9.6.2 Bonded Rare Earth Magnet
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 High Performance Rare Earth Magnet for VCM Market Size Forecast by Applications
9.10.1 HDD
9.10.2 Medical
9.10.3 Semiconductor
9.10.4 Aviation
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 High Performance Rare Earth Magnet for VCM Analysis and Forecast
10.1 Introduction
10.2 Europe High Performance Rare Earth Magnet for VCM 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 High Performance Rare Earth Magnet for VCM Market Size Forecast by Type
10.6.1 Sintered Rare Earth Magnet
10.6.2 Bonded Rare Earth Magnet
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 High Performance Rare Earth Magnet for VCM Market Size Forecast by Applications
10.10.1 HDD
10.10.2 Medical
10.10.3 Semiconductor
10.10.4 Aviation
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 High Performance Rare Earth Magnet for VCM Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Performance Rare Earth Magnet for VCM 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 High Performance Rare Earth Magnet for VCM Market Size Forecast by Type
11.6.1 Sintered Rare Earth Magnet
11.6.2 Bonded Rare Earth Magnet
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 High Performance Rare Earth Magnet for VCM Market Size Forecast by Applications
11.10.1 HDD
11.10.2 Medical
11.10.3 Semiconductor
11.10.4 Aviation
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 High Performance Rare Earth Magnet for VCM Analysis and Forecast
12.1 Introduction
12.2 Latin America High Performance Rare Earth Magnet for VCM 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 High Performance Rare Earth Magnet for VCM Market Size Forecast by Type
12.6.1 Sintered Rare Earth Magnet
12.6.2 Bonded Rare Earth Magnet
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 High Performance Rare Earth Magnet for VCM Market Size Forecast by Applications
12.10.1 HDD
12.10.2 Medical
12.10.3 Semiconductor
12.10.4 Aviation
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) High Performance Rare Earth Magnet for VCM Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Performance Rare Earth Magnet for VCM 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) High Performance Rare Earth Magnet for VCM Market Size Forecast by Type
13.6.1 Sintered Rare Earth Magnet
13.6.2 Bonded Rare Earth Magnet
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) High Performance Rare Earth Magnet for VCM Market Size Forecast by Applications
13.10.1 HDD
13.10.2 Medical
13.10.3 Semiconductor
13.10.4 Aviation
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 High Performance Rare Earth Magnet for VCM Market: Competitive Dashboard
14.2 Global High Performance Rare Earth Magnet for VCM Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hitachi Metals Group
14.3.2 Shin-Etsu
14.3.3 TDK
14.3.4 VAC
14.3.5 Daido Electronics
14.3.6 Beijing Zhong Ke San Huan Hi-Tech
14.3.7 Yunsheng Company
14.3.8 ZHmag
14.3.9 Galaxy Magnetic
14.3.10 Pinghu Geor Chi Electronics
