市場調查報告書
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全球先進磁性材料市場 - 2024-2031Global Advanced Magnetic Materials Market - 2024-2031 |
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概述
2023年全球先進磁性材料市場規模達2,410萬美元,預估至2031年將達4,940萬美元,2024-2031年預測期間複合年成長率為9.4%。
混合動力電動車對先進磁性材料的需求不斷成長可能會在預測期內提供市場可能性。在中國,隨著消費者對電池驅動汽車的偏好增加,汽車產業正在改變。此外,中國政府預計2025年電動車產量將達到20%。
此外,風力發電廠對磁性材料的需求不斷增加。過去兩年,中國增加了風力發電能力。 2022年中國安裝的風力發電廠數量將比歐洲多46%。根據IEA的數據,2023年中國陸上風電裝置容量為30.9吉瓦,預計2023年底將達到59吉瓦。
到2023年,北美預計將成為第二主導地區,佔全球先進磁性材料市場的20%以上。先進磁性材料在發電應用中的越來越多的使用將推動該地區的工業發展。美國的發電能力僅次於中國,位居第二。 2022年,美國公用事業規模發電設施發電量約42,430億度。其中約 60% 的電力是使用煤炭、天然氣、石油和其他氣體等化石燃料產生的。
動力學
汽車電氣化程度不斷提高
汽車工業是先進磁性材料的主要用戶,特別是用於電動和混合動力汽車的製造。由釹鐵硼等材料組成的永久磁鐵是電動馬達的關鍵部件,隨著汽車行業向電氣化轉型以減少排放並提高燃油效率,對先進磁性材料的需求不斷成長。
根據中國乘用車協會統計,2022年中國電動車和插電式汽車銷量將達到567萬輛,幾乎是2021年銷量的兩倍。銷售水平。在印度,重點轉向電動車以減少溫室氣體排放。政府已預留到 2023 年印度 30% 的新車將是電動車。
能源和電力需求不斷成長
先進磁性材料廣泛應用於發電業。這些材料用於發電和輸電馬達。磁性材料用於多種應用,包括電動機、發電機、變壓器和致動器。
馬達由硬磁性材料製成,具有一項基本功能:提供磁通量。根據能源與資源研究所的數據,2022 年全球發電量將達到 29,165 四瓦時,比 2021 年的 28,520 四瓦時成長 2.26%。材料市場。
稀有材料成本高且供應有限
先進磁性材料的製造通常需要複雜的製造程序,需要專門的設備和專業知識。它導致製造成本高昂,限制了某些材料的使用,特別是在價格敏感的行業。專利、授權協議和貿易政策都會提高價格並阻礙國家之間的技術和材料轉讓,從而降低市場競爭力和創新。
許多先進的磁性材料,如釹鐵硼磁鐵,都是基於稀土元素,如釹和鏑。某些元素的供應有限和地理分佈不均可能導致供應限制和價格波動,從而影響先進磁性材料的穩定性和成本效益。
Overview
Global Advanced Magnetic Materials Market reached US$ 24.1 million in 2023 and is expected to reach US$ 49.4 million by 2031, growing with a CAGR of 9.4% during the forecast period 2024-2031.
Increasing demand for advanced magnetic materials in hybrid electric vehicles is likely to provide market possibilities over the forecast period. In China, the automotive industry is changing as consumers' preferences for battery-powered vehicles increase. Furthermore, the Chinese government predicts that electric vehicle production will reach 20% by 2025. It is mirrored in the country's electric car sales trend, which reached a record high in 2022.
In addition, the demand for magnetic materials in wind power plants is increasing. China has increased wind generation capacity in the last two years. China installed more wind power stations in 2022, generating 46% more wind power than Europe. According to the IEA, China's onshore wind electricity capacity was 30.9 GW in 2023 and is expected to reach 59 GW by the end of 2023.
In 2023, North America is expected to be the second-dominant region with over 20% of the global advanced magnetic materials market. The increasing use of advanced magnetic materials in power generation applications will boost the region's industry. U.S. is second after China in terms of electricity generation capacity. In 2022, utility-scale electricity production facilities in U.S. generated around 4,243 billion kWh. About 60% of this electricity was generated using fossil fuels such as coal, natural gas, petroleum and other gases.
Dynamics
Rising Electrification in Automotive
The automotive industry is a key user of advanced magnetic materials, particularly for the construction of electric and hybrid vehicles. Permanent magnets comprised of materials such as neodymium-iron-boron are critical components in electric motors, contributing to the growing need for advanced magnetic materials as the automotive industry transitions to electrification to reduce emissions and increase fuel efficiency.
According to the China Passenger Car Association, the country delivered 5.67 million EVs and plug-ins in 2022, nearly doubling its sales in 2021. Anticipating a drop in the nation's need for lubricant additives, the market is positioned to maintain current sales levels. In India, the emphasis is turning to EVs to reduce greenhouse gas emissions. The government has set aside 30% of the new vehicles in India will be electric in 2023.
Growing Demand from Energy & Power
Advanced magnetic materials are widely used in the power generation industry. The materials are utilized in motors for power generation and electricity transmission. Magnetic materials are used in a variety of applications, including motors, generators, transformers and actuators.
Electric machines are built of hard magnetic materials and have one basic function: to provide magnetic flux. In accordance to the Energy and Resource Institute, globally power generation capacity will reach 29,165 tetra watt-hours in 2022, representing a 2.26% increase over the 28,520 tetra watt-hours generated in 2021. Thus, increased energy generation capacity is expected to fuel the market for advanced magnetic materials.
High Costs and Limited Availability of Rare Materials
The manufacture of advanced magnetic materials frequently entails complex manufacturing procedures that necessitate specialized equipment and expertise. It results in high manufacturing costs, limiting the use of certain materials, particularly in price-sensitive industries. Patents, license agreements and trade policies all increase prices and impede the transfer of technology and materials between countries, reducing market competitiveness and innovation.
Many advanced magnetic materials, like neodymium-iron-boron magnets, are based on rare earth elements such as neodymium and dysprosium. Limited availability and unequal geographic distribution of certain elements can cause supply constraints and price volatility, affecting the stability and cost-effectiveness of advanced magnetic materials.
The global advanced magnetic materials market is segmented based on type, end-user and region.
Rising Investments in Automotive Sector Drives the Segment Growth
Automotive is expected to be the dominant segment with over 30% of the market during the forecast period 2024-2031. Investments in this industry are projected to drive up demand for improved magnetic materials in the future years. For example, in March 2022, Suzuki Motor, a Japanese corporation, announced a US$ 1.3 billion investment in an India plant that will manufacture electric vehicles and batteries.
The materials lead to increased energy efficiency and light weighing initiatives in automobile components, which attracts investment. The rising emphasis on vehicle safety and connection drives demand for advanced driver assistance systems, which use magnetic materials for sensors and actuators. Stringent regulatory regulations for emissions and fuel economy encourage automobile makers to implement new technologies, driving revenue growth in the industry.
Rising Energy Projects in Asia-Pacific
Asia-Pacific is expected to be the dominant region in the global advanced magnetic materials market covering over 30% of the market. The region's booming automotive sector, as well as an increase in energy initiatives, are driving demand for advanced magnetic materials in car components. Furthermore, technical breakthroughs, government initiatives and a thriving consumer electronics sector all contribute to the region's dominant position in the advanced magnetic materials market.
According to the International Organization of Motor Vehicle Manufacturers, China will account for 32.5% of global automobile manufacturing in 2021. Pacifico Energy announced in October 2020 the start of construction of a 54-MW solar project in Sano-shi, Tochigi Prefecture, Japan. It is Pacifico Energy's thirteenth plant in Japan. Furthermore, JERA Co. declared its goal to increase its renewable energy investment to 5 GW of capacity by 2025.
The major global players in the market include Adams Magnetic Products Co., Advanced Technology & Materials Co., Ltd., Anhui Sinomag Technology Co., Ltd., Arnold Magnetic Technologies, Daido Steel Co., Ltd., Dexter Magnetic Technologies, Electron Energy Corporation, Hitachi Metals, Ltd., Master Magnetics and TDK Corporation.
The epidemic interrupted globally supply lines, hurting the manufacture and distribution of advanced magnetic materials. Lockdown measures forced manufacturing facilities to close or operate under restrictions, causing output delays and raw material shortages. Transportation interruptions and border restrictions compounded supply chain issues, making it difficult to deliver materials to clients on schedule.
During the pandemic, demand for advanced magnetic materials fell in many industries that rely heavily on them, including automotive, electronics and renewable energy. Automotive output, for example, saw major declines as vehicle sales fell due to economic uncertainty and lower consumer spending. The decrease in demand immediately affected the need for advanced magnetic materials utilized in components such as electric motors, sensors and actuators.
Russia-Ukraine War Impact
Russia and Ukraine are both large producers of raw materials used in advanced magnetic materials, including rare earth elements and metals such as neodymium, dysprosium and cobalt. Any disruption in the production or shipment of these products caused by the conflict result in supply shortages and price volatility in the globally market. Companies that rely on Russian or Ukrainian sources may need to seek alternate suppliers, which could result in greater prices and delays.
The uncertainty surrounding the conflict may add to price volatility in the global advanced magnetic materials market. Investors and corporations respond to geopolitical concerns by stockpiling resources or hedge against future supply disruptions, resulting in price changes. Higher raw material prices affect the profitability of manufacturers and downstream sectors that rely on advanced magnetic materials for diverse applications, such as electronics, renewable energy, automotive and medical equipment.
The global advanced magnetic materials market report would provide approximately 54 tables, 46 figures and 182 pages.
Target Audience 2024
LIST NOT EXHAUSTIVE