Key Highlights
- A permanent magnet generates its magnetic field through the internal structure of the material, and it retains its magnetism, even after being separated from an external magnetic field.
- The Middle East & African permanent magnet market had total revenues of $85.3 million in 2023, representing a compound annual growth rate (CAGR) of 2.5% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 1.2% between 2018 and 2023, to reach a total of 1,452.1 tons in 2023.
- The expansion in the market is propelled by the growth of the global consumer electronic market, the growing global automotive manufacturing industry, and the launch of new products in the market. According to the analyst, the global consumer electronics market is expected to reach a value of $1,601 million by the end of 2023, thus accelerating demand in the market.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the permanent magnet market in Middle East & Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the permanent magnet market in Middle East & Africa
- Leading company profiles reveal details of key permanent magnet market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Middle East & Africa permanent magnet market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Middle East & Africa permanent magnet market by value in 2023
- What will be the size of the Middle East & Africa permanent magnet market in 2028?
- What factors are affecting the strength of competition in the Middle East & Africa permanent magnet market?
- How has the market performed over the last five years?
- How large is Middle East & Africa’s permanent magnet market in relation to its regional counterparts?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Shin-Etsu Chemical Co., Ltd.
- Proterial Ltd