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全球先进磁性材料市场 - 2024-2031Global Advanced Magnetic Materials Market - 2024-2031 |
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概述
2023年全球先进磁性材料市场规模达2,410万美元,预估至2031年将达4,940万美元,2024-2031年预测期间复合年增长率为9.4%。
混合动力电动车对先进磁性材料的需求不断增长可能会在预测期内提供市场可能性。在中国,随着消费者对电池驱动汽车的偏好增加,汽车产业正在改变。此外,中国政府预计2025年电动车产量将达到20%。
此外,风力发电厂对磁性材料的需求不断增加。过去两年,中国增加了风力发电能力。 2022年中国安装的风力发电厂数量将比欧洲多46%。根据IEA的数据,2023年中国陆上风电装置容量为30.9吉瓦,预计2023年底将达到59吉瓦。
到2023年,北美预计将成为第二主导地区,占全球先进磁性材料市场的20%以上。先进磁性材料在发电应用中的越来越多的使用将推动该地区的工业发展。美国的发电能力仅次于中国,位居第二。 2022年,美国公用事业规模发电设施发电量约42,430亿度。其中约 60% 的电力是使用煤炭、天然气、石油和其他气体等化石燃料产生的。
动力学
汽车电气化程度不断提高
汽车工业是先进磁性材料的主要用户,特别是用于电动和混合动力汽车的製造。由钕铁硼等材料组成的永久磁铁是电动马达的关键部件,随着汽车行业向电气化转型以减少排放并提高燃油效率,对先进磁性材料的需求不断增长。
根据中国乘用车协会统计,2022年中国电动车和插电式汽车销量将达到567万辆,几乎是2021年销量的两倍。销售水平。在印度,重点转向电动车以减少温室气体排放。政府已预留到 2023 年印度 30% 的新车将是电动车。
能源和电力需求不断成长
先进磁性材料广泛应用于发电业。这些材料用于发电和输电马达。磁性材料用于多种应用,包括电动机、发电机、变压器和致动器。
马达由硬磁性材料製成,具有一项基本功能:提供磁通量。根据能源与资源研究所的数据,2022 年全球发电量将达到 29,165 四瓦时,比 2021 年的 28,520 四瓦时增长 2.26%。材料市场。
稀有材料成本高且供应有限
先进磁性材料的製造通常需要复杂的製造程序,需要专门的设备和专业知识。它导致製造成本高昂,限制了某些材料的使用,特别是在价格敏感的行业。专利、授权协议和贸易政策都会提高价格并阻碍国家之间的技术和材料转让,从而降低市场竞争力和创新。
许多先进的磁性材料,如钕铁硼磁铁,都是基于稀土元素,如钕和镝。某些元素的供应有限和地理分布不均可能导致供应限制和价格波动,从而影响先进磁性材料的稳定性和成本效益。
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
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