Global Magnetic Materials Market to Grow at 8.9% CAGR due to Growing Demand from Automotive and Wind Energy Sectors
Leading market intelligence firm Transparency Market Research (TMR) has released a new market research report. The report, titled ‘Magnetic Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 ’, details the market in terms of its historical development to 2012 figures. Based on these figures, the future trajectory of the global magnetic materials market is predicted.The report states TMR’s estimations that the magnetic materials market is expected to grow at a robust 8.9% CAGR from 2013 to 2019 to reach an end value of US$87.18 billion. This represents a significant rise from the global market’s 2012 valuation of US$48 billion. Of the three types of magnetic materials on the global market, semi-hard magnetic materials have historically been the dominant product segment of the market. Semi-hard magnetic materials took up a 55% share in the global market in 2012. They are expected to remain the dominant category...