india rare earth magnet market

India Rare Earth Magnet Market - Industry Trends and Forecast to 2029

  • Published Date: 2022-12-31
  • Report ID: 144059
  • Pages: 225
  • Format: prudent report format


Short Description

The India Rare Earth Magnet Market, by Type (NDFEB Magnet, Samarium Cobalt Magnet (SMCO)), Product (Countersunk Magnets, Circular Disc Magnets, Hook & Eyebolt Magnets, Cylindrical Rod Magnets, Circular Ring Magnets, Rectangular, Self-Adhesive, Pot & Clamping Magnets), Application (Automotive Industry, Food & Drink Processing, Aerospace Industry, Renewable Energy, Consumer Electronics, Deep Sea Exploration, Others) Industry Trends and Forecast To 2029
Market Definition

Rare earth elements (REE) are an essential part of many high-tech devices, and they are various chemical elements present in the periodic table. The rare earth magnet is an intermediate product of rare earth elements, phosphors, alloys, catalysts, ceramics, glass additives, and polishing powders. Rare earth containing products are widely used in various green technologies, such as permanent magnets in wind turbines and motors of electric vehicles. Additionally, the diverse nature and application of rare earth magnets make them useful in other sectors, such as in defence, automobile and aerospace. The high reserve of rare earth elements in India and ongoing technological agreements with countries like Japan and Vietnam will allow India's rare earth magnet market to bloom rapidly.
Market Segmentation

The India rare earth magnet market is segmented based on type, products and application.
Based on type, India rare earth magnet market is segmented into NDFEB magnet, samarium cobalt magnet (SMCO).
Based on product, India rare earth magnet market is segmented into countersunk magnets, circular disc magnets, hook & eyebolt magnets, cylindrical rod magnets, circular ring magnets, rectangular, self-adhesive, pot & clamping magnets.
Based on application, India rare earth magnet market is segmented into the automotive industry, food & drink processing, aerospace industry, renewable energy, consumer electronics, deep-sea exploration, and others.
Market Players

Some of the major players operating in the India rare earth magnet market are:

Jai Mag Industries
Star Trace Private Limited
Kumar Magnet Industries
Magna Tronix
JD MAGNETIC IMPEX
Shree Shakti Industries
Ashvini Magnets Pvt. Ltd
DURA MAGNETS PVT. LTD.


TABLE OF CONTENTS
1 INTRODUCTION 9
1.1 OBJECTIVES OF THE STUDY 9
1.2 MARKET DEFINITION 9
1.3 OVERVIEW OF INDIA RARE EARTH MAGNET MARKET 9
1.4 CURRENCY AND PRICING 10
1.5 LIMITATIONS 10
1.6 MARKETS COVERED 11
2 MARKET SEGMENTATION 12
2.1 MARKETS COVERED 12
2.2 YEARS CONSIDERED FOR THE STUDY 13
2.3 GEOGRAPHIC SCOPE 13
2.4 DBMR TRIPOD DATA VALIDATION MODEL 14
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 17
2.6 DBMR MARKET POSITION GRID 18
2.7 VENDOR SHARE ANALYSIS 19
2.8 MARKET END-USER COVERAGE GRID 20
2.9 MULTIVARIATE MODELLING 21
2.10 TYPE CURVE 21
2.11 CHALLENGE MATRIX 22
2.12 SECONDARY SOURCES 23
2.13 ASSUMPTIONS 23
3 EXECUTIVE SUMMARY 24
4 PREMIUM INSIGHTS 26
4.1 TECHNOLOGICAL ADVANCEMENTS BY MANUFACTURERS 27
4.2 PORTERS FIVE FORCE ANALYSIS 28
4.3 VENDOR SELECTION CRITERIA 29
4.4 PESTEL ANALYSIS 30
4.5 KEY PATENT ANALYSIS 30
4.5.1 METHOD FOR PRODUCING SINTERED NDFEB MAGNET 30
4.5.2 METHOD FOR RECOVERY OF NDFEB GRAINS FROM BULK SINTERED NDFEB MAGNETS AND/OR MAGNET SCRAPS BY ELECTROCHEMICAL ETCHING 31
4.5.3 METHOD AND SYSTEM FOR RECOVERING RARE EARTH ELEMENTS FROM WITHIN AN OBJECT 31
4.6 REGULATION COVERAGE 31
4.7 BRAND COMPARATIVE ANALYSIS 32
4.8 MAJOR MANUFACTURERS/SUPPLIERS IN NDFEB MARKET 33
5 SUPPLY CHAIN ANALYSIS 35
5.1 OVERVIEW 35
5.2 LOGISTIC COST SCENARIO 36
5.3 IMPORTANCE OF LOGISTIC SERVICE PROVIDERS 36
6 CLIMATE CHANGE SCENARIO 37
6.1 ENVIRONMENTAL CONCERNS 37
6.2 INDUSTRY RESPONSE 37
6.3 GOVERNMENT'S ROLE 38
6.4 ANALYST RECOMMENDATION 39
7 MARKET OVERVIEW 40
7.1 DRIVERS 42
7.1.1 CONTINUOUS RISE IN DEMAND FOR PERMANENT MAGNET 42
7.1.2 PENETRATION OF ELECTRIC VEHICLES ACROSS THE MARKET 42
7.1.3 RISE IN APPLICATION OF RARE EARTH MAGNET IN HEALTHCARE AND CONSUMER ELECTRONICS SECTOR 43
7.2 RESTRAINTS 44
7.2.1 HIGHER PRICE RANGE OF PERMANENT MAGNET 44
7.2.2 LOW CORROSION RESISTANCE AND HIGHER BRITTLENESS OF PERMANENT MAGNET 44
7.3 OPPORTUNITIES 45
7.3.1 GROWING DEMAND FOR RARE EARTH ELEMENTS IN THE RENEWABLE ENERGY SECTOR 45
7.3.2 INCREASING NEED FOR RARE EARTH MAGNETS IN ELECTRONIC & ELECTRICAL SYSTEMS 45
7.3.3 PRESENCE OF HIGH RESERVE OF RARE EARTH ELEMENTS IN INDIA 46
7.4 CHALLENGES 47
7.4.1 ENVIRONMENTAL AND HEALTH CONCERNS ASSOCIATED WITH RARE EARTH ELEMENTS MINING 47
7.4.2 LACK OF INFRASTRUCTURE IN THE INDIAN RARE EARTH INDUSTRY 48
8 INDIA RARE EARTH MAGNET MARKET, BY TYPE 50
8.1 OVERVIEW 51
8.2 NDFEB MAGNET 52
8.2.1 SINTERED NDFEB MAGNET 53
8.2.2 BONDED NDFEB MAGNET 53
8.2.3 HOT-PRESSED NDFEB MAGNET 53
8.3 SAMARIUM COBALT MAGNET (SMCO) 53
8.3.1 SM2CO17 53
8.3.2 SMCO5 53

9 INDIA RARE EARTH MAGNET MARKET, BY PRODUCT 54
9.1 OVERVIEW 55
9.2 RECTANGULAR 56
9.3 CIRCULAR DISC MAGNETS 56
9.4 CYLINDRICAL ROD MAGNETS 56
9.5 CIRCULAR RING MAGNETS 57
9.6 COUNTERSUNK MAGNETS 57
9.7 POT & CLAMPING MAGNETS 57
9.8 HOOK & EYEBOLT MAGNETS 57
9.9 SELF-ADHESIVE 57
10 INDIA RARE EARTH MAGNET MARKET, BY APPLICATION 58
10.1 OVERVIEW 59
10.2 CONSUMER ELECTRONICS 60
10.3 AUTOMOTIVE INDUSTRY 60
10.3.1 ELECTRIC 2 & 3 WHEELERS 61
10.3.2 ELECTRIC 4 WHEELERS 61
10.3.3 OTHERS 61
10.4 RENEWABLE ENERGY 61
10.5 AEROSPACE INDUSTRY 61
10.6 FOOD & DRINK PROCESSING 61
10.7 DEEP SEA EXPLORATION 62
10.8 OTHERS 62
11 INDIA REAR EARTH MAGNET MARKET: COMPANY LANDSCAPE 63
11.1 COMPANY SHARE ANALYSIS: INDIA 63
12 SWOT ANALYSIS 64
13 COMPANY PROFILE 65
13.1 STAR TRACE PRIVATE LIMITED 65
13.1.1 COMPANY SNAPSHOT 65
13.1.2 PRODUCT PORTFOLIO 65
13.1.3 RECENT DEVELOPMENT 65
13.2 KUMAR MAGNETIC INDUSTRIES 66
13.2.1 COMPANY SNAPSHOT 66
13.2.2 PRODUCTS PORTFOLIO 66
13.2.3 RECENT DEVELOPMENT 66

13.3 ASHVINI MAGNETS 67
13.3.1 COMPANY SNAPSHOT 67
13.3.2 PRODUCT PORTFOLIO 67
13.3.3 RECENT DEVELOPMENT 67
13.4 DURA MAGNETS PVT. LTD 68
13.4.1 COMPANY SNAPSHOT 68
13.4.2 PRODUCT PORTFOLIO 68
13.4.3 RECENT DEVELOPMENT 68
13.5 JAI MAG INDUSTRIES 69
13.5.1 COMPANY SNAPSHOT 69
13.5.2 PRODUCT PORTFOLIO 69
13.5.3 RECENT DEVELOPMENT 69
13.6 JD MAGNETIC IMPEX 70
13.6.1 COMPANY SNAPSHOT 70
13.6.2 PRODUCTS PORTFOLIO 70
13.6.3 RECENT DEVELOPMENT 71
13.7 MAGNA TRONIX 72
13.7.1 COMPANY SNAPSHOT 72
13.7.2 PRODUCTS PORTFOLIO 72
13.7.3 RECENT DEVELOPMENTS 72
13.8 SHREE SHAKTI INDUSTRIES 73
13.8.1 COMPANY SNAPSHOT 73
13.8.2 PRODUCT PORTFOLIO 73
13.8.3 RECENT DEVELOPMENT 73
14 QUESTIONNAIRE 74
15 RELATED REPORTS 77
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