- Global industrial trends reveal that the sale of magnetic materials would rise up to $ 46 billion by 2020. This is about 8.9% of growth in value terms. Bright and best future prospects of magnetic materials market is likely to attract new entrants as well as small and big entrepreneurs to invest their capital in the magnetic materials business and accrue huge margin of profits and ROI. The magnetic materials market is predicted to grow at a great pace between 2015 and 2020. Though the market size of magnetic materials is enlarged in Region of Asia pacific , it is going to register the highest anticipated growth rate due to increase in demand of the magnetic materials in countries like Japan, China, Indonesia, Thailand ,Taiwan and China.
For Market Research Report on “Magnetic Materials Market” Visit – http://www.grandviewresearch.com/industry-analysis/magnetic-materials-market-analysis-market
Permanent magnets are all set to capture the business and sale of magnetic materials by 2020. The reason being great demand for miniaturization and its growing use in automotives, railways, Information Technology, industrial and electrical sectors.
Industrial, electronics and automotive sectors have captured the magnetic materials market and this has accounted to about approximately 70% of its share in global magnetic materials market sale in year 2014-2015. The growing demand for electricity accompanied by rapid industrial revolution and need for technological innovations to resolve the energy (generation) crises due to its growing demand and other critical applications is expected to perpetuate the growth of these sectors between 2016 and 2020. This would generate high employment opportunities in the Asia Pacific region which has a large growing population with a pool of highly skilled as well as unskilled work force.
Information Source: Grand View Research
To request a sample copy of this report, please complete the form below.
To purchase a copy of this report, please contact at
28 2nd Street, Suite 3036
San Francisco, CA 94105
Toll Free: 1-888-202-9519