Magnetic Materials Market Size, Share, Outlook, and Opportunity Analy Magnetic Materials Market

Magnetic Materials Market Size,
Share, Outlook, and Opportunity
Analysis, 2018 – 2025
The research report Magnetic Materials Market is
segmented by Product, by Application – Size, Share,
Outlook, and Opportunity Analysis, 2018 – 2025
Magnetic materials possess magnetic properties and have ability to produce the
magnetization. They can be magnetized or naturally possess magnetic properties.
According to ease of magnetization, magnetic materials are classified as hard, semi-hard,
and soft magnets. Hard magnetic materials are suitable for permanent magnets while
soft for temporary. Hard magnetic materials have wide range of applications from toys
and refrigerator magnets to electromotors, loudspeakers, windshield wipers, locks, and
microphones-and high-tech devices such as hard disk drives. Soft magnetic materials are
used in high and low-frequency applications such as transformer cores, microwave
applications, and recording heads. Magnetic materials ranging from hard and soft are
extensively used as recording media. Rapid industrialization, specifically in emerging
economies such as India and China, demand for alternative power sources, such as
windmill and water turbine are driving growth of the magnetic material market.