DUBLIN , June 21, 2022 /PRNewswire/ -- The "Permanent Magnet Global Market Report 2022, By Sales Channel Type, By End-Use" report has been added to ResearchAndMarkets.com's offering.

The global permanent magnet market is expected to grow from $26.59 billion in 2021 to $29.61 billion in 2022 at a compound annual growth rate (CAGR) of 11.37%. The market is expected to reach $46.65 billion in 2026 at a CAGR of 12.03%. The permanent magnet market consists of sales of permanent magnets by entities (organizations, sole traders, and partnerships) that include rare earth elements, nickel and cobalt. Permanent magnets preserve its magnetic characteristics in the absence of a magnetizing force, such as a current or an inducing field. It is used in speakers, microphones, credit and debit cards, magnetic resonance imaging in hospitals and in electric vehicles. The main types of permanent magnet are ferrite magnets, samarium cobalt magnets, alnico magnets and neodymium iron boron magnets. The ferrite magnet is a chemical combination made up of ceramic materials and iron oxide. They are commonly used in transformers, electronic inductors, and electromagnets due to their wide availability and affordability.

The various sales channel used in the permanent magnet are direct sales and distributors. Permanent magnets are used by end-users such as general industrial, automotive, medical technology, environment & energy, aerospace & defense and consumer electronics. Asia Pacific was the largest region in the permanent magnet market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific , Western Europe , Eastern Europe , North America , South America , Middle East and Africa . The increasing demand from the automobile applications is expected to propel the growth of the permanent magnet market. Permanent-magnet motors are most commonly used in variable-speed drives, in which the stator is powered by a variable-frequency, variable-voltage, electronically controlled source.

For instance, in December 2021 , in India , the total number of electric vehicles sales were reported to be 50,866 units resulting in a 240% jump from the previous year. Moreover, in 2021, in Norway , recorded a sale of 176,276 cars with 65% electric cars resulting in 54% rise when compared to 2020. Therefore, the increasing demand from automobile applications is driving the growth of the permanent magnet market. The technological transitions is a key trend gaining popularity in the permanent magnet market. Technological transition is a method of movement of data, designs, inventions, materials, software, technical expertise, or trade secrets from one organization to another or from one purpose to another. When the headphones are properly positioned, they magnetically dock within the Max Stand and begin charging as soon as the magnets align. The countries covered in the Permanent Magnet market report are Australia , Brazil , China , France , Germany , India , Indonesia , Japan , Russia , South Korea , UK and USA .

Major players in the permanent magnet market are

Chengdu Galaxy Magnets Co. Ltd.

Adams Magnetic Products Co. Ltd.

Yantai Shougang Magnetic Materials Inc.

Anhui Earth-Panda Advance Magnetic Material Co. Ltd.

Key Topics Covered: 1. Executive Summary 2. Permanent Magnet Market Characteristics 3. Permanent Magnet Market Trends And Strategies 4. Impact Of COVID-19 On Permanent Magnet 5. Permanent Magnet Market Size And Growth 5.1. Global Permanent Magnet Historic Market, 2016-2021, $ Billion 5.1.1. Drivers Of The Market 5.1.2. Restraints On The Market 5.2. Global Permanent Magnet Forecast Market, 2021-2026F, 2031F, $ Billion 5.2.1. Drivers Of The Market 5.2.2. Restraints On the Market 6. Permanent Magnet Market Segmentation 6.1. Global Permanent Magnet Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

6.2. Global Permanent Magnet Market, Segmentation By Sales Channel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

6.3. Global Permanent Magnet Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

7. Permanent Magnet Market Regional And Country Analysis 7.1. Global Permanent Magnet Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion 7.2. Global Permanent Magnet Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/hkk4mg

Research and Markets Laura Wood , Senior Manager press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716

View original content:https://www.prnewswire.com/news-releases/global-permanent-magnet-markets-2016-2021-2021-2026f-2031f-focus-on-general-industrial-automotive-medical-technology-environment--energy-aerospace--defense-and-consumer-electronics-301571793.html

The inflation problem is real. According to the American Automobile Association (AAA), the average price for a gallon of gas is $4.96 compared to just $3.07 last year. If consumers spend $400 more a month on things that they need, then they'll necessarily make cuts elsewhere to keep their heads above water.

"Gold Strike’s brand recognition, location, and position in the market were the things that really stood out to us.”

“As CEO, my focus is maximizing total shareholder return, driven by improved revenue quality, higher margins, and a balanced capital allocation strategy,” said new CEO Raj Subramaniam on the call.

Mia Cosmetic Factory had already been serving as exclusive partner of Gotha Cosmetics for three years.

Hong Kong's second special-purpose acquisition company (SPAC), Vision Deal, is reviewing a shortlist of potential merger targets, as Chinese entrepreneurs and companies including Geely-backed carmaker Polestar test-drive the investment vehicle as an alternative route to a public listing. Vision Deal is looking at a number of candidates at the moment, including the largest or second-largest leaders in smart-car technologies, supply chain, and cross-border e-commerce, said Wei Zhe, chairman and ex

Gold futures ended lower on Thursday, with prices for the precious metal down a fourth straight session. Losses for gold are "mainly due to the strength in the dollar, as expectations are that [the Federal Reserve] may adopt even more hawkish monetary policy," Naeem Aslam, chief market analyst at AvaTrade, told MarketWatch. In testimony before the House Financial Services Committee Thursday, Fed Chairman Jerome Powell said he has an "unconditional" commitment" to fight inflation. August gold fel

China’s dominance in global manufacturing is coming to an end, according to British industrialist Nat Rothschild, as prolonged Covid disruption prompts companies to source parts closer to home.

(Bloomberg) -- A dispute over one of the biggest copper and cobalt mines is escalating in the Democratic Republic of Congo, threatening to disrupt exports of essential battery materials and raising questions about the project’s future.Most Read from BloombergElon Musk Says New Tesla Plants Are ‘Money Furnaces’ Losing BillionsThe World’s Bubbliest Housing Markets Are Flashing Warning SignsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsRecession Worries Boost Treasuries; Stocks Advance:

There’s a rumor going round stipulating Netflix (NFLX) might be considering bringing Roku (ROKU) under its wing. Recall, the two have much shared history, with Roku actually starting out as part of Netflix before CEO Anthony Wood’s project was spun off back in 2008. Netflix’ apparent renewed interest comes at a time when it is mulling over finally adding an ad-driven tier to its service, an act it has constantly refused to consider during its history. However, the lack of new sub growth has now

(Bloomberg) -- Crypto brokerage firm Voyager Digital Ltd. is limiting customer withdrawals from its platform to $10,000 and to 20 transactions during a 24-hour period. Most Read from BloombergJuul’s Vaping Products Are Ordered Off the Market in the USElon Musk Says New Tesla Plants Are ‘Money Furnaces’ Losing BillionsThese Are the World’s Most Liveable Cities in 2022Recession Worries Boost Treasuries; Stocks Advance: Markets WrapThe World’s Bubbliest Housing Markets Are Flashing Warning SignsThe

(Bloomberg) -- Nguyen Hoang Group, an educational services provider in Vietnam, is considering a stake sale that could value the company around $1 billion, according to people with knowledge of the matter.Most Read from BloombergSupreme Court Overturns Roe, Transforming Abortion-Rights FightStocks Roar Back With Best Week in a Month: Markets WrapJuul’s Vaping Products Are Ordered Off the Market in the US‘Coast to Coast’ Housing Correction Is Coming, Says Moody’s Chief EconomistThese Are the Worl

Short-Bitcoin ETF BITI had a slow first week. Did that mark the crypto bottom after ProShares launched its Bitcoin ETF BITO near the top?

EV stocks have multiplied in Tesla’s wake and as electric cars look to go mainstream. Here are the top-rated electric-vehicle makers.

Gold futures edged up on Friday, but posted a loss of 0.6% for the week, as copper prices suffered their largest weekly drop since June of last year. "Gold remains trapped in a range as traders await to see if the latest inflation reports will force the [Federal Reserve] into committing to more massive rate hikes beyond the July policy meeting," said Edward Moya, senior market analyst at OANDA. Meanwhile, worries about an economic recession continued to feed expectations for a drop in copper dem

The pandemic didn’t make DocuSign a household name like Zoom. The provider of cloud-based document management services has shed 80% of its market value from its peak last year. The pandemic sparked a big jump in demand for both services, but DocuSign’s should have proven to be the more resilient of the two.

Salesforce CEO Marc Benioff weighs in on the return to offices.

Banks again proved their soundness in the Federal Reserve’s annual exam, but higher capital requirements may still squeeze them.

Everything you need to know about Roth IRA contributions and distributions, from eligibility to income limits to deadlines.

(Bloomberg) -- Quadria Capital, a health care-focused private equity firm, is exploring a sale of its stake in FV Hospital in Vietnam, according to people familiar with the matter.Most Read from BloombergSupreme Court Overturns Roe, Transforming Abortion-Rights FightJuul’s Vaping Products Are Ordered Off the Market in the USStocks Surge as Bullard, Data Ease Recession Fears: Markets WrapThese Are the World’s Most Liveable Cities in 2022‘Coast to Coast’ Housing Correction Is Coming, Says Moody’s

Rising rates and softer demand hit mortgage operations, Biden faces battle in Congress over gas tax holiday, Berkshire Hathaway now holds 16.3% of Occidental Petroleum, and other news to start your day.