World’s 1 st Real Time Market Intelligence Alnico Permanent Magnet market in Asia- Pacific is estimated to reach $741.4 million by 2018 MicroMarket Monitor Forecasts

 The Alnico Permanent Magnet market in Asia-Pacific is estimated to reach $741.4 million by 2018, at a CAGR of 44.7% from 2013 to  The Alnico Permanent Magnet Market in Asia-Pacific report defines and segments the concerned market in Asia- Pacific with analysis and forecast of revenue.  They are preferred for applications in automotive, aerospace, and military sensors, MRI scanners, electric motors, switches, loudspeakers, headphones, magnetic pump couplings, and others due to its high temperature stability, strength, and durability.

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The Asia-Pacific region is the leader in consuming alnico permanent magnets but they are growing on an average CAGR. Open economies such as Hong Kong, which are extremely vulnerable to economic headwinds, are already observing a deceleration in their external trade growth in the review period. The alnico permanent magnets market in Asia-Pacific is bound to grow significantly with the increasing infrastructure expenditure. Key countries in the market are China and India.

The demand for automobiles is expected to increase in the Asia-Pacific especially in China and India, due to high economic development in these countries. The automotive market, especially Asia-Pacific is expected to drive the demand for alnico magnets. The report covers the Asia-Pacific’s Alnico Permanent Magnet market which is segmented on the basis of applications and regions. The market is applied in consumer electronics, automotive industry, medical technology, environment and Energy, aerospace & defense, industrial machinery.

Alnico magnets are made of alloys of aluminum, nickel, and cobalt. Moreover, these magnets contain additional alloys such as iron, copper, titanium, and other elements to improve the heat treatment in magnetic properties. These magnets are manufactured using both cast and sintered processes. Sintered alnico magnets possess higher mechanical strength, but have a lower magnetic force compared to cast alnico.

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