Magnetic Materials Market Size, Share, Outlook, and Opportunity Analy Magnetic Materials Market | Page 3

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According to magnetic materials analysis, Asia Pacific held the dominant position in the
market in 2017. The Asia Pacific is projected to maintain its dominance throughout the
forecast period, owing to the expansion of the automobile industry in the region.
Automobile production in economies such as China, India, Japan, and South Korea is
continuously increasing. According to European Automobile Manufacturers Association
2014 report, Asia Pacific accounted for the largest share of 60% in passenger car
production in 2013, with a major share of China.
Among applications, the automotive segment is projected to gain major traction over the
forecast period, owing to increasing demand from automobile industry for motors,
sensors, actuators, and instrumentation.
Key players in Global Magnetic Materials Market
Key players operating in the global magnetic materials market include Arnold Magnetic
Technologies Corporation, Daido Steel Co. Ltd., Dexter Magnetic Technologies, Hitachi
Metals Ltd., GKN Plc., Molycorp Inc., Shin-ETSU Chemical Co., Ltd., Electron Energy
Corporation, Lynas Corporation Ltd., TDK Corporation, and Tengam Engineering Inc.
Players are focused on developing magnetic materials for innovative applications. For
instance, new ferrite material was introduced by Dexter Magnetic Technologies in June
2018, to support applications in harsh environments, where high ambient temperatures
and wide temperature fluctuations are expected.
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