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NEW YORK , July 13, 2022 /PRNewswire/ -- The Alnico magnets market is set to grow by USD 434.71 million from 2021 to 2026 as per the latest market forecast report by Technavio. The report projects the market to progress at a CAGR of 8.26%. In addition, the report offers a detailed analysis of the current market scenario, the latest trends and drivers, and the overall market environment. 43% of the market's growth will originate from APAC during the forecast period. China , Japan , and India are the key markets for alnico magnets in APAC. Market growth in this region will be slower than the growth of the market in other regions. The increase in demand from the automotive, aerospace, electronics, wind energy, and medical devices segments will facilitate the alnico magnets market growth in APAC over the forecast period.
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Alnico Magnets Market: Segmentation Analysis
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Alnico Magnets Market: Major Driver
Alnico Magnets Market: Major Trend
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Accelerate at a CAGR of 8.26%
Leading companies, competitive strategies, consumer engagement scope
Adams Magnetic Products, Alga Magneti Srl, Arnold Magnetic Technologies Corp., Bunting Magnetics Europe LTD., DATOYO MAGNETICS CO. Ltd., DEXTER MAGNETIC TECHNOLOGIES, Dura Magnetics Inc., DURA MAGNETS PVT. LTD., Electron Energy Corp., Eneflux-Armtek Magnetics Inc., Goudsmit Magnetics Groep BV, Hitachi Ltd., IBS Magnet, Integrated Technologies Group, Magdev Ltd., Magnaworks Technology Inc., Master Magnetics Inc., Permanent Magnets Ltd., Stanford Magnets, and Storch Magnetics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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