Global Rare Earth Magnet Market to reach more than US$ 15 Billion by 2021 with China as the Leading Producer and Consumer

Invented in the 1970s and 1980s, rare earth magnets have become an indispensable part of numerous industries which include aerospace, medical, automotive, electronics and military. These magnets are made from the alloys of rare earth elements. These elements are ferromagnetic but as most of them have low Curie temperatures, meaning they exhibit magnetism only at low temperatures, they are interacted with transition metals like iron, nickel and cobalt, which have higher Curie temperatures. This makes them exhibit superior magnetic properties and as a result, are known to be the strongest type of permanent magnets. Rare earth magnets are also extremely brittle and vulnerable to corrosion due to which they are plated or coated as a measure of protection against breaking, chipping, or crumbling into powder.

According to IMARC Group, the global rare earth magnet market has grown at a CAGR of around 4.9% during 2008-2015, reaching a volume of 101,207 Tons in 2015. The market is further expected to reach a volume of 135,135 Tons by 2021. Wide-ranging and expanding industrial applications, limited substitutes of rare earth magnets in end-use markets and rising awareness about green technologies along with government initiatives to promote them so as to reduce carbon emissions, represent the major forces that will drive the current and future growth of this market.  

Rare Earth Magnet Types

Currently, there are two types of rare earth magnets available: Neodymium magnets (NdFeB) and Samarium-Cobalt magnets (SmCo).

Samarium-Cobalt magnets (SmCo) are known as the “first generation of rare earth magnets” as they were the first to be invented among the rare earth magnets and are considered the second strongest type of magnets after Neodymium magnets (NdFeB). Although they have weaker magnetic field strength than NdFeB magnets and have limited use due to their high cost, they have a higher Curie temperature and are extremely useful for applications where high field strength is needed at higher operating temperatures. SmCo magnets also show high resistance to oxidation but are brittle and more prone to chipping and cracking. These magnets are currently used for certain niche applications, particularly in the defense and aerospace sectors.

Neodymium magnets, on the other hand, are the strongest types of permanent magnets and are referred to as “the second generation of rare earth magnets”. They are composed of an alloy of neodymium, iron and boron and offer the highest magnetic field strength and magnetic stability. However, they have a lower Curie temperature and as they are more susceptible to oxidation than SmCo magnets, they are given protective surface treatments which involve plating or coating of nickel, gold, zinc, etc. Because of their high energy efficiency, Neodymium magnets are used in the field of energy as well as in high performance motors, brushless DC motors, generators, magnetic resonance imaging, sensors, loudspeakers and other products requiring strong, compact permanent magnets. Currently, they account for the majority of the global rare earth magnet volumes..

China Represents both the Largest Consumer and Producer

Currently, China, Japan and Europe represent the largest markets for Neodymium magnets with the three regions together accounting for more than 95% of the total global volumes. Out of these countries, China represents the largest producer as well as the consumer as it has a monopoly over the raw materials used to produce them. China is followed by Japan and Europe.

For Samarium-Cobalt magnets, China again represents both the largest producer as well as the largest consumer. The second and third largest markets are the USA and Europe respectively.

Globally, most of the manufacturers of rare earth magnets are based in China as a result of a secure and economical supply of key raw materials. Other manufacturers are located in the USA, Europe and Japan.

Browse latest press release on global rare earth magnet market: http://www.imarcgroup.com/global-rare-earth-magnet-market-worth-us-10-2-billion/

About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the rare earth magnets industry, which has enabled the clients to successfully setup and expand their businesses. Some of the company’s offerings include:

• Market Research
• Plant setup
• Plant Expansion
• Marketing and sales
• Procurement and Distribution
• Innovation and Product Development

For more information, please visit: http://www.imarcgroup.com/

Global Ceramic Tiles Market: Increasing Urbanisation and Personalisation Trends to Drive Growth

Estimates by IMARC Group suggest that the global ceramic tiles market  is expected to grow at a CAGR of 5.2% during 2016-2021 reaching a volume of 17.8 Billion Sq. Metres by 2021.  Some of the key factors that will catalyse growth during the forecast period include – increasing urbanisation, population growth, rising disposable incomes, growth in the real estate sector, technological advancements and increasing personalization/customization trends.

A recently published report by IMARC Group titled “Ceramic Tiles Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” critically examines the global market for ceramic tiles. Ceramic tiles refer to thin blocks made up of a mixture of clay and other materials. They are generally used for covering floors, walls, roofs, shower walls and table tops. Other than being recyclable, these tiles are durable and highly resistive to frost, water and thermal shocks. In addition, ceramic tiles can also withstand high temperatures, harsh environments and exposure to caustic or acidic chemicals. These tiles are available in various shapes, sizes, textures, colours and glazing options due to which they are increasingly being used in the residential, commercial as well as the industrial sector.

Browse full report: http://www.imarcgroup.com/prefeasibility-report-ceramic-tiles-manufacturing-plant

The report finds that a number of properties of ceramic tiles such as light-weight, ultra-thin, anti-slip and anti-bacterial properties have made them an impeccable choice for places where hygiene is of prime importance like hospitals, hotels, laboratories and pharmaceutical industries, etc. Ceramic tiles are also easy to install, clean and repair and serve as a good alternative for hardwood and other flooring options. Findings from the report suggest that increasing industrialization and urbanization rates have resulted in an enormous increase in construction activities especially in the emerging economies. This has created a strong demand for flooring products such as ceramic tiles. Some of the other factors that are also catalysing the global demand for ceramic tiles include population growth, rising disposable incomes, growth in the real estate sector, technological advancements and increasing personalization/customization trends. According to the report, the market is expected to grow at a CAGR of 5.2% during 2016-2021 reaching a volume of 17.8 Billion Sq. Metres by 2021.

The report has segmented the global ceramic tiles market by type, applications and major regions. Currently, the global ceramic tiles market is dominated by floor tiles which account for more than half of the total global production volumes. Floor tiles are followed by wall tiles. Based on applications, residential replacements represent the largest application sector accounting for around half of the total global consumption volumes. Residential applications are followed by commercial applications. Geographically, China represents the largest producer of ceramic tiles accounting for the majority of the total global production volumes. China is followed by Brazil, India, Spain, Indonesia, Iran, Italy, Vietnam, Turkey and Mexico. The report has also analysed the competitive landscape of the global ceramic tiles market covering their locations and production capacities. Some of the key players in this market include – Mohawk Ind, Siam Cement Group, RAK Ceramics, Lamosa, Incefra, Majopar, Rovese Group, Cecafi Ltda., Dynasty Ceramic Co. Ltd., Saudi Ceramics Company, etc.

This report provides a comprehensive analysis for setting up a ceramic tiles manufacturing plant. The study covers all the requisite aspects of the ceramic tiles market and provides an in-depth analysis of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the ceramic tiles market in any manner.

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Global Permanent Magnet Market Expected to Reach US$ 21 Billion by 2020, Driven by Increasing Use of Green Technologies and Devices

In order to decrease their carbon footprint, a number of countries are shifting towards energy efficient and eco-friendly green technologies and devices. As permanent magnets are an important part of these devices, their demand will also rise. IMARC Group expects the global permanent magnet market to grow at a CAGR of around 6.2% during 2016-2020, reaching a value of US$ 21 Billion by 2020.

IMARC Group’s report, “Global Magnet Market: Industry Trends, Magnet Types, Major Markets, Manufacturing and Applications”, finds that the global permanent magnet market reached a value of more than US$ 15.3 Billion in 2015, growing at a CAGR of 6.4% during 2008-2015. Permanent magnets play an important part in modern life as they enable the operation of numerous devices that help in transforming energy from one form to another. As they can maintain a large magnetic flux even upon modification of environment or in the absence of an applied magnetic field, they can be used in a huge variety of applications. These applications cover microwave communications, magnetic sensors, power generation and transport, energy conversion and harvest, magnetic recording, etc. The report expects the market to grow at a CAGR of around 6.2% during the forecast period reaching a value of nearly US$ 21 Billion by 2020. One of the major factors expected to drive the growth of the global permanent magnet market is the shifting trend towards the use of energy saving technologies and devices which require the use of permanent magnets. Other factors include – increasing demand for home appliances using permanent magnets, advancements in information and communication technologies, wide usage of permanent magnets in medical devices and infrastructural developments.

Browse full report at: http://www.imarcgroup.com/magnet-market

The report has analysed the key application areas of permanent magnets. Majority of the permanent magnets are employed in numerous types of motors used in various appliances, HVAC, loudspeakers and in numerous industrial and commercial applications. Other major uses of permanent magnets include in separation equipment, advertising and promotional products, holding and lifting applications, MRI scanners, etc. The report has further analysed the market on the basis of type. Currently, ferrite magnets represent the biggest category of permanent magnets accounting for majority of the total global volumes. They were followed by NdFeB magnets, AlNiCo magnets and SmCo magnets. On the basis of value, NdFeB magnets accounted for around 64% of the total global market values. They were followed by ferrite magnets, SmCo magnets and AlNiCo magnets.

On the basis of geographic segmentation the report finds that China currently represents the biggest producer of all types of permanent magnets, accounting for nearly two-thirds of the total global volumes. China was followed by Japan, US and Europe. China also represents the largest exporter of permanent magnets followed by Philippines, Japan and Germany. Some of the key players operating in the market include – Advanced Technology & Materials Co. Ltd, VACUUMSCHMELZE GmbH & Co. KG, Beijing Zhong Ke San Huan Hi-Tech Co. Ltd, Adams Magnetic Products Co., TDK Corporation, Arnold Magnetic Technologies, Shin-Etsu Chemical Co., Ltd., and Bakker Magnetics BV.

The report gives a detailed roadmap for starting a magnet manufacturing plant. The study, done by one of the leading research and advisory firms, covers all the requisite aspects of the global permanent magnet market. This ranges from a comprehensive view of the market to minute details of the industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the magnet industry in any manner.

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Global Methanol Market Encouraged by Rising Demand in the Chemicals and Energy Industries

Methanol is an important raw material in the chemical and energy industries. It is used in the production of a number of chemical compounds such as formaldehyde, dimethyl ether (DME), gasoline, methyl tert-butyl ether (MTBE), etc. As a result of increased consumption in these end-use industries, the global methanol market has grown at a CAGR of more than 9% during 2008-2015.

IMARC Group’s new report titled, “Methanol Market – Industry Trends, Prices, Manufacturing Process, Applications, Raw Materials, Manufacturers, Regional Breakup and Mass Balance” provides an in-depth analysis of the global methanol market. Methanol is a colourless liquid with a sweet smell similar to that of ethanol. It is the simplest of alcohols with the chemical formula CH3OH. Although it is poisonous to human beings, methanol has diverse applications in a number of industries. In the chemicals industry, it is used to produce formaldehyde, acetic acid, di-methyl terephthalate (DMT) and solvents. In the energy industry, it is used to manufacture methyl tert-butyl ether (MTBE), bio-diesel, tertiary amyl methyl ether (TAME), di-methyl ether (DME), etc. It is also used in the production of various products such as paints, plastics, plywood, explosives, antifreeze, etc. Other applications of methanol are in fuel cells, gasoline blending, wastewater treatment, methanol-to-olefins and methanol-to-gasoline conversions. By volume, methanol is one of the top 5 chemical compounds shipped around the world each year. Driven by an increasing consumption of methanol in its end-use industries, the global methanol market reached a value of nearly US$ 38.8 Billion in 2015, growing at a CAGR of more than 9% during 2008-2015.

Browse full report at: http://www.imarcgroup.com/methanol-technical-material-market-report

The report has analysed the global methanol market on the basis of major end-users of methanol. Formaldehyde production currently represents the largest consumer of methanol accounting for a third of the global consumption. Formaldehyde was followed by Dimethyl Ether, Gasoline, Chloromethane and MTBE/TAME. The report has segmented and analysed the market on the basis of the key global regions. China currently represents the largest consumer of methanol accounting for half of the total global demand. China was followed by Asia (excluding China), Europe, North America and Latin America. The report has also analysed the competitive landscape of the market. Some of the key players operating in this market include – Methanax, Southern Chemical Corporation (SCC), SABIC, MGC and Mitsubishi (MSK).

The report gives a detailed roadmap for starting a methanol manufacturing plant. The study, done by one of the leading research and advisory firms, covers all the requirements of the global methanol market. This ranges from a comprehensive view of the market to minute details of the industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the methanol market in any manner.

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IMARC Group
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