Market Dynamics

Magnetic alloys find a wide range of applications in the electrical industry. Thus, the growth of the electrical industry is expected to be a key driving factor for the magnetic alloy market. Magnetic alloys are also extensively used in the steel industry and thus, the growth of the latter is expected to drive the sales of magnetic alloys market 

Some iron or neodymium magnetic alloys possess low coercivity, which in turn limits their applications to specific fields. The low cost of magnetic alloys is also expected to boost their sales in the market while their low coercivity is expected to hamper the market growth to some extent.

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Market Segmentation

Segmentation of the magnetic alloys market on the basis of type:

  • Alnico
    • Aluminum
    • Iron
    • Cobalt
    • Nickel
  • Rare Earth
    • Samarium Cobalt
    • Neodymium Iron Boron
  • Ceramic
  • Bonded

Segmentation of the magnetic alloys market on the basis of end use industry:

  • Electrical
  • Aerospace
  • Steel
  • Automotive
  • Others

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Report regional analysis includes:

  • North America
  • Europe
  • MEA
  • East Asia (Japan, China, South Korea)
  • South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest)
  • Oceania (Australia, New Zealand)
  • Latin America
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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Market Participants

Examples of some of the participants involved in the magnetic alloys market include,

  • IUP Jindal Metals and Alloys Ltd
  • Arnold Magnetic Technologies
  • VDM Metals
  • Aperam S.A.
  • Hitachi Metals Ltd
  • Santoku Corporation
  • Electron Energy Corporation
  • PSM Industries, Inc.
  • Advance Metallurgical Group

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