Background:

Overview of the global market for magnets and their materials, along with emerging technologies and potential business opportunities, especially for new designing DIY project in consuming field, like home appliance, electronic toys, office application etc.

The global market for magnets and magnetic materials reached $32.2 billion in 2016. The market should reach $34.9 billion in 2017 and $51.7 billion by 2022, increasing at a compound annual growth rate (CAGR) of 8.2% from 2017 through 2022. 

Application:

Regarding application (Motor magnet, Transformer, Alternator), End User Industry (Automotive,Electrical Electronics & Telecommunications) – Global Forecast to 2026″, is projected to reach USD 28.15 Billion by 2021, growing at a CAGR of 7.8%, from 2016 to 2021. The increasing demand for materials that can reduce eddy current loss.

magnet exhibition

Join our forum meet us and talk about how magnetic industry influence our daily life.


Leave a Reply

Your email address will not be published. Required fields are marked *