Alnico Market: Global Industry Analysis and Forecast 2014 - 2020

Persistence Market Research

Alnico Market: Global Industry Analysis and

Forecast 2014 - 2020

Persistence Market Research

Alnico Market: Global Industry Analysis and Forecast 2014 - 2020

Persistence Market Research Released New Market Report on Alnico Market: Global
Industry Analysis and Forecast 2014 - 2020.
Alnico belongs to the group of permanent (hard) magnets primarily composed of aluminum, nickel and
cobalt. They are hard ferromagnetic substances which are widely used in temperature sensitive
applications such as hall-effect and MR-based electronic and automotive sensors.They are also known as
composite magnets which are usually manufactured from sintering or casting offering superior mechanical
characteristics. Alnico magnets are made from the combination of aluminum, nickel and cobalt with small
amounts of iron and other small elements that improve the property of the magnet. After rare earth
magnets, Alnico is considered as the strongest permanent magnet. It is also used in various household
appliances as well as for the production of horse shoe magnets.

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The global market for alnico has been witnessing significant growth owing to rapid expansion of the
automotive industry. Alnico magnets are majorly used in several components of an automobile including
exhaust systems and sensors among others. Asia Pacific accounted as the largest market for alnico
magnets, which was majorly supported by China, followed by several regions in Rest of the World (RoW)
such as Latin America and Middle East. After the global economic slowdown in 2008-09, the
manufacturing industry in North America has been slowly gaining pace. Alnico magnets are being
increasingly implemented in electric motors and various sound reproductive systems such as
microphones and loudspeakers. However, over the years, the industry for alnico magnets in this region
has been noticeably saturated due to increasing consumption of NdFeB magnets. These magnets have
been increasingly superseded by rare earth magnets such as NdFeB as well as ferrite in different
automotive and electronic equipments, resulting in low demand from retail and manufacturing companies.
However, alnico magnets cannot be replaced completely by rare earth elements due to their wide
temperature range and stability. Thus, besides the automotive industry, growing demand for electric
motors and sound systemshas been strongly contributing towards the growth of the alnico
market.Moreover, rapid growth of industrial activities in emerging regions such as Asia Pacific has
resulted in growth of various application sectors such as healthcare, electronics and power generation
among others, which in turn is expected to contribute towards the demand for alnico market in Asia
Pacific over the forecast period.

Increasing demand for alnico magnets on account of growth of the automotive industry is expected to be
one of the vital factors driving the demand for alnico magnets over the forecast period. Rise in disposable
income, improved infrastructure and increasing population are some of the factors driving the demand for

Persistence Market Research

Alnico Market: Global Industry Analysis and Forecast 2014 - 2020

automobiles.Moreover, increasing use of alnico magnets in temperature sensitive applications owing to
growing industrialization and electronics industry is also expected to contribute towards the growth of the
market. However, increasing substitution of alnico magnets by rare earth magnets such as NdFeB on
account of larger energy products and stronger magnetic fields, allowing smaller size magnets to be used
for a given application is expected to hamper the growth of the market. Increasing application scope of
alnico magnets in HEVs coupled with growing demand for these vehicles is expected to open
opportunities for the growth of the market over the next few years.

Adams Magnetic Products Co., Arnold Magnetic Technologies, Dexter Magnetic Technologies Inc., and
Tengam Engineering Inc. are some of the leading manufacturers of alnico dominating the industry.

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Key points covered in the report:1. Report segments the market on the basis of types, application, products, technology, etc
(as applicable)
2. The report covers geographic segmentation
North America
Europe
Asia
RoW
3. The report provides the market size and forecast for the different segments and
geographies for the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the
market
5. The report also provides porters five forces analysis of the market.
Browse the full All Upcoming Persistence Market's report at
http://www.persistencemarketresearch.com/forthcoming-reports.asp
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Persistence Market Research

Alnico Market: Global Industry Analysis and Forecast 2014 - 2020

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