Market Overview

Global Magnetic Materials Market 2018-2022 to Post 10% CAGR Over the Next Four Years | Technavio

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The global magnetic materials market is expected to post a CAGR of over 10%
during the period 2018-2022, according to the latest market research
report by Technavio.

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Technavio has published a new market research report on the global magnetic materials market from 20 ...

Technavio has published a new market research report on the global magnetic materials market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of this market is the increased
applicability in the computer application industry. An increased
emphasis on energy-efficient memory storage in the computer applications
sector drives the use of magnetic materials. Traditionally,
semiconductors were used for short-term memory and processing, which
consumed most of the energy. Thus, scientists across various
universities are researching on energy-efficient magnetic materials for
data storage.

This market research report on the global
magnetic materials market 2018-2022
also provides an analysis of
the most important trends expected to impact the market outlook during
the forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the increasing use of
nanocrystalline magnetic particles in the biomedical industry as one of
the key emerging trends in the global magnetic materials market:

Global magnetic materials market: Increasing
use of nanocrystalline magnetic particles in the biomedical industry

In the past few years, magnetic materials have found greater
applicability in the medical devices industry. The use of magnetic
materials in the biomedical industry, especially in medical devices such
as MRI scanners and X-ray machines, will drive their adoption.
Additionally, there is a heavy emphasis on the use of magnetic particles
in the biomedical industry. Magnetic particles can be used for a number
of processes and treatment from magnetic separation used in cellular
therapy and immunoassay to the treatment of hyperthermia as well as drug
delivery.

"Magnetic nanocrystalline particles can be used for effective drug
delivery, wherein only the disease-affected part is targeted, which
prevents the distribution of the drugs in unwanted areas of the body.
This reduces the number of side effects. Such advantages of magnetic
nanocrystalline particles have increased their adoption in gene delivery
and hyperthermia,"
says a senior analyst at Technavio for research
on specialty chemicals.

Global magnetic materials market: Segmentation
analysis

This market research report segments the global magnetic materials
market by application (automotive and transportation, electronics and
instrumentation, industrial and energy, etc.) and geographical regions
(APAC, EMEA, and the Americas).

The automotive and transportation segment held the largest market share
in 2017, accounting for nearly 36% of the market. This application
segment is expected to dominate the global market throughout the
forecast period.

APAC led the market in 2017 with a market share of nearly 47%. This
region is expected to dominate the market through 2022, however, there
will be a decrease in its market share by nearly 2%.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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