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Alnico Magnets-Global Market Insights and Sales Trends 2024
Synopsis
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 Alnico Magnets market size is expected to reach US$ 1616.4 million by 2029, growing at a CAGR of 8.1% from 2023 to 2029. The market is mainly driven by the significant applications of Alnico Magnets in various end use industries. The expanding demands from the Electronics, Automotive, Aerospace and Wind Energy, are propelling Alnico Magnets market. Cast Alnico, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Sintered Alnico segment is estimated at % CAGR for the next seven-year period.
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 These magnets have been increasingly superseded by rare earth magnets such as NdFeB as well as ferrite in different automotive and electronic equipments, resulting in low demand from retail and manufacturing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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Alnico Magnets, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Alnico Magnets market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Alnico Magnets market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Alnico Magnets sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Alnico Magnets covered in this report include Arnold Magnetic Technologies, Adams Magnetic Products, Stanford Magnets, Master Magnetics, Eneflux-Armtek Magnetics and Hitachi Metals, etc.
The global Alnico Magnets market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Arnold Magnetic Technologies
Adams Magnetic Products
Stanford Magnets
Master Magnetics
Eneflux-Armtek Magnetics
Hitachi Metals
Global Alnico Magnets market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Alnico Magnets market, Segment by Type:
Cast Alnico
Sintered Alnico
Bar Alnico
Global Alnico Magnets market, by Application
Electronics
Automotive
Aerospace
Wind Energy
Medical Devices
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Alnico Magnets manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Alnico Magnets in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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 Alnico Magnets market size is expected to reach US$ 1616.4 million by 2029, growing at a CAGR of 8.1% from 2023 to 2029. The market is mainly driven by the significant applications of Alnico Magnets in various end use industries. The expanding demands from the Electronics, Automotive, Aerospace and Wind Energy, are propelling Alnico Magnets market. Cast Alnico, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Sintered Alnico segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Alnico Magnets, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Alnico Magnets market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Alnico Magnets market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Alnico Magnets sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Alnico Magnets covered in this report include Arnold Magnetic Technologies, Adams Magnetic Products, Stanford Magnets, Master Magnetics, Eneflux-Armtek Magnetics and Hitachi Metals, etc.
The global Alnico Magnets market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Arnold Magnetic Technologies
Adams Magnetic Products
Stanford Magnets
Master Magnetics
Eneflux-Armtek Magnetics
Hitachi Metals
Global Alnico Magnets market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Alnico Magnets market, Segment by Type:
Cast Alnico
Sintered Alnico
Bar Alnico
Global Alnico Magnets market, by Application
Electronics
Automotive
Aerospace
Wind Energy
Medical Devices
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Alnico Magnets manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Alnico Magnets in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Alnico Magnets Market Overview
1.1 Alnico Magnets Product Overview
1.2 Alnico Magnets Market Segment by Type
1.2.1 Cast Alnico
1.2.2 Sintered Alnico
1.2.3 Bar Alnico
1.3 Global Alnico Magnets Market Size by Type
1.3.1 Global Alnico Magnets Market Size Overview by Type (2018-2029)
1.3.2 Global Alnico Magnets Historic Market Size Review by Type (2018-2023)
1.3.3 Global Alnico Magnets Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Alnico Magnets Sales Breakdown by Type (2018-2023)
1.4.2 Europe Alnico Magnets Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Alnico Magnets Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Alnico Magnets Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Alnico Magnets Sales Breakdown by Type (2018-2023)
2 Global Alnico Magnets Market Competition by Company
2.1 Global Top Players by Alnico Magnets Sales (2018-2023)
2.2 Global Top Players by Alnico Magnets Revenue (2018-2023)
2.3 Global Top Players by Alnico Magnets Price (2018-2023)
2.4 Global Top Manufacturers Alnico Magnets Manufacturing Base Distribution, Sales Area, Product Type
2.5 Alnico Magnets Market Competitive Situation and Trends
2.5.1 Alnico Magnets Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Alnico Magnets Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Alnico Magnets as of 2022)
2.7 Date of Key Manufacturers Enter into Alnico Magnets Market
2.8 Key Manufacturers Alnico Magnets Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Alnico Magnets Status and Outlook by Region
3.1 Global Alnico Magnets Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Alnico Magnets Historic Market Size by Region
3.2.1 Global Alnico Magnets Sales in Volume by Region (2018-2023)
3.2.2 Global Alnico Magnets Sales in Value by Region (2018-2023)
3.2.3 Global Alnico Magnets Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Alnico Magnets Forecasted Market Size by Region
3.3.1 Global Alnico Magnets Sales in Volume by Region (2024-2029)
3.3.2 Global Alnico Magnets Sales in Value by Region (2024-2029)
3.3.3 Global Alnico Magnets Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Alnico Magnets by Application
4.1 Alnico Magnets Market Segment by Application
4.1.1 Electronics
4.1.2 Automotive
4.1.3 Aerospace
4.1.4 Wind Energy
4.1.5 Medical Devices
4.2 Global Alnico Magnets Market Size by Application
4.2.1 Global Alnico Magnets Market Size Overview by Application (2018-2029)
4.2.2 Global Alnico Magnets Historic Market Size Review by Application (2018-2023)
4.2.3 Global Alnico Magnets Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Alnico Magnets Sales Breakdown by Application (2018-2023)
4.3.2 Europe Alnico Magnets Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Alnico Magnets Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Alnico Magnets Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Alnico Magnets Sales Breakdown by Application (2018-2023)
5 North America Alnico Magnets by Country
5.1 North America Alnico Magnets Historic Market Size by Country
5.1.1 North America Alnico Magnets Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Alnico Magnets Sales in Volume by Country (2018-2023)
5.1.3 North America Alnico Magnets Sales in Value by Country (2018-2023)
5.2 North America Alnico Magnets Forecasted Market Size by Country
5.2.1 North America Alnico Magnets Sales in Volume by Country (2024-2029)
5.2.2 North America Alnico Magnets Sales in Value by Country (2024-2029)
6 Europe Alnico Magnets by Country
6.1 Europe Alnico Magnets Historic Market Size by Country
6.1.1 Europe Alnico Magnets Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Alnico Magnets Sales in Volume by Country (2018-2023)
6.1.3 Europe Alnico Magnets Sales in Value by Country (2018-2023)
6.2 Europe Alnico Magnets Forecasted Market Size by Country
6.2.1 Europe Alnico Magnets Sales in Volume by Country (2024-2029)
6.2.2 Europe Alnico Magnets Sales in Value by Country (2024-2029)
7 Asia-Pacific Alnico Magnets by Region
7.1 Asia-Pacific Alnico Magnets Historic Market Size by Region
7.1.1 Asia-Pacific Alnico Magnets Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Alnico Magnets Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Alnico Magnets Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Alnico Magnets Forecasted Market Size by Region
7.2.1 Asia-Pacific Alnico Magnets Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Alnico Magnets Sales in Value by Region (2024-2029)
8 Latin America Alnico Magnets by Country
8.1 Latin America Alnico Magnets Historic Market Size by Country
8.1.1 Latin America Alnico Magnets Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Alnico Magnets Sales in Volume by Country (2018-2023)
8.1.3 Latin America Alnico Magnets Sales in Value by Country (2018-2023)
8.2 Latin America Alnico Magnets Forecasted Market Size by Country
8.2.1 Latin America Alnico Magnets Sales in Volume by Country (2024-2029)
8.2.2 Latin America Alnico Magnets Sales in Value by Country (2024-2029)
9 Middle East and Africa Alnico Magnets by Country
9.1 Middle East and Africa Alnico Magnets Historic Market Size by Country
9.1.1 Middle East and Africa Alnico Magnets Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Alnico Magnets Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Alnico Magnets Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Alnico Magnets Forecasted Market Size by Country
9.2.1 Middle East and Africa Alnico Magnets Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Alnico Magnets Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Arnold Magnetic Technologies
10.1.1 Arnold Magnetic Technologies Company Information
10.1.2 Arnold Magnetic Technologies Introduction and Business Overview
10.1.3 Arnold Magnetic Technologies Alnico Magnets Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Arnold Magnetic Technologies Alnico Magnets Products Offered
10.1.5 Arnold Magnetic Technologies Recent Development
10.2 Adams Magnetic Products
10.2.1 Adams Magnetic Products Company Information
10.2.2 Adams Magnetic Products Introduction and Business Overview
10.2.3 Adams Magnetic Products Alnico Magnets Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Adams Magnetic Products Alnico Magnets Products Offered
10.2.5 Adams Magnetic Products Recent Development
10.3 Stanford Magnets
10.3.1 Stanford Magnets Company Information
10.3.2 Stanford Magnets Introduction and Business Overview
10.3.3 Stanford Magnets Alnico Magnets Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Stanford Magnets Alnico Magnets Products Offered
10.3.5 Stanford Magnets Recent Development
10.4 Master Magnetics
10.4.1 Master Magnetics Company Information
10.4.2 Master Magnetics Introduction and Business Overview
10.4.3 Master Magnetics Alnico Magnets Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Master Magnetics Alnico Magnets Products Offered
10.4.5 Master Magnetics Recent Development
10.5 Eneflux-Armtek Magnetics
10.5.1 Eneflux-Armtek Magnetics Company Information
10.5.2 Eneflux-Armtek Magnetics Introduction and Business Overview
10.5.3 Eneflux-Armtek Magnetics Alnico Magnets Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Eneflux-Armtek Magnetics Alnico Magnets Products Offered
10.5.5 Eneflux-Armtek Magnetics Recent Development
10.6 Hitachi Metals
10.6.1 Hitachi Metals Company Information
10.6.2 Hitachi Metals Introduction and Business Overview
10.6.3 Hitachi Metals Alnico Magnets Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Hitachi Metals Alnico Magnets Products Offered
10.6.5 Hitachi Metals Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Alnico Magnets Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Alnico Magnets Industrial Chain Analysis
11.4 Alnico Magnets Market Dynamics
11.4.1 Alnico Magnets Industry Trends
11.4.2 Alnico Magnets Market Drivers
11.4.3 Alnico Magnets Market Challenges
11.4.4 Alnico Magnets Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Alnico Magnets Distributors
12.3 Alnico Magnets Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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