Covid-19 Impact on Rare Earth Magnet Market Size, Status and Forecast 2020-2026
The rare earth permanent magnet material refers to an alloy formed of rare earth metal and a transition metal. This permanent magnet material made by a certain process is extremely magnetic and can be maintained for a long time. Rare earth magnets have been developed for four generations. The first and second generations are RE-Co permanent magnets, ie Co-based permanent magnets: the first generation as type 5 SmCo alloys (SmCo5) and the second generation as Rare-earth Sintered Magnet7 SmCo alloys (Sm2Co17).
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Since Sm reserve is scare, Co And Ni is also a valuable strategic metal, the first two generations of rare earth permanent magnets have not been widely used,their major market are only for the high-end military area. The third and fourth generation rare earth permanent magnets are RE-FE-B permanent magnets. It is the third generation - NdFeB alloy (Nd2Fe14B), also the most widely used rare earth permanent magnet; the fourth generation is Sm-Fe-N alloy. (Sm2Fe17N3), but Sm-Fe-N alloy has not yet entered the stage of commercial production.The industry's leading producers are Hitachi Metals Group, Shin-Etsu and TDK, with revenues of 14.67%, 4.07% and 4.49% respectively in 2019.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Rare Earth Magnet 3900 market in 2020.COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyses the impact of Coronavirus COVID-19 on the Rare Earth Magnet 3900 industry.
Based on our recent survey, we have several different scenarios about the Rare Earth Magnet 3900 YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ 7480.3 million in 2019. The market size of Rare Earth Magnet 3900 will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Rare Earth Magnet market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Rare Earth Magnet market in terms of both revenue and volume.
Players, stakeholders, and other participants in the global Rare Earth Magnet market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on sales (volume), revenue and forecast by each application segment in terms of sales and revenue and forecast by each type segment in terms of revenue for the period 2015-2026.
Sales and Pricing Analyses
Readers are provided with deeper sales analysis and pricing analysis for the global Rare Earth Magnet market. As part of sales analysis, the report offers accurate statistics and figures for sales and revenue by region, by each type segment for the period 2015-2026.
In the pricing analysis section of the report, readers are provided with validated statistics and figures for the price by players and price by region for the period 2015-2020 and price by each type segment for the period 2015-2020.
Regional and Country-level Analysis
The report offers an exhaustive geographical analysis of the global Rare Earth Magnet market, covering important regions, viz, China, Japan and Europe. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of sales for the period 2015-2026.
Competition Analysis
In the competitive analysis section of the report, leading as well as prominent players of the global Rare Earth Magnet market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on sales by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Rare Earth Magnet market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Rare Earth Magnet market.
The following manufacturers are covered in this report:
- Hitachi Metals Group
- Shin-Etsu
- TDK
- VAC
- Beijing Zhong Ke San Huan Hi-Tech
- Yunsheng Company
- YSM
- JL MAG
- ZHmag
- Jingci Material Science
- AT&M
- NBJJ
- Innuovo Magnetics
- SGM
- Galaxy Magnetic
- Zhejiang Zhongyuan Magnetic
- Earth- Panda
- Magsuper
- Daido Electronics
- Pinghu Geor Chi Electronics
Rare Earth Magnet Breakdown Data by Type
- Rare-earth Sintered Magnet
- Rare-earth Bonded Magnet
- Others
Rare Earth Magnet Breakdown Data by Application
- Automotive
- Aerospace and Defense
- Power Generation
- Consumer Goods and Electronics
- Industrial Machinery
- Others
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Table of content
1 Study Coverage
1.1 Rare Earth Magnet Product Introduction
1.2 Market Segments
1.3 Key Rare Earth Magnet Manufacturers Covered: Ranking by Revenue
1.4 Market by Type
1.4.1 Global Rare Earth Magnet Market Size Growth Rate by Type
1.4.2 Rare-earth Sintered Magnet
1.4.3 Rare-earth Bonded Magnet
1.4.4 Others
1.5 Market by Application
1.5.1 Global Rare Earth Magnet Market Size Growth Rate by Application
1.5.2 Automotive
1.5.3 Aerospace and Defense
1.5.4 Power Generation
1.5.5 Consumer Goods and Electronics
1.5.6 Industrial Machinery
1.5.7 Others
1.6 Coronavirus Disease 2019 (Covid-19): Rare Earth Magnet Industry Impact
1.6.1 How the Covid-19 is Affecting the Rare Earth Magnet Industry
1.6.1.1 Rare Earth Magnet Business Impact Assessment - Covid-19
1.6.1.2 Supply Chain Challenges
1.6.1.3 COVID-19’s Impact On Crude Oil and Refined Products
1.6.2 Market Trends and Rare Earth Magnet Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.6.3.2 Proposal for Rare Earth Magnet Players to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Executive Summary
2.1 Global Rare Earth Magnet Market Size Estimates and Forecasts
2.1.1 Global
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