Product Code: ETC008984 | Publication Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India Magnetic Materials Market registered a growth of 42.72% in value shipments in 2022 as compared to 2021 and an increase of 9.6% CAGR in 2022 over a period of 2017. In Magnetic Materials Market India is becoming less competitive as HHI index in 2022 was 5013 while in 2017 it was 4504. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Magnetic Materials Market.
India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Magnetic Materials Market in 2022 was 7.11 while in 2017 it was 3.78. China, China, Hong Kong SAR, Japan, Rep. of Korea and Germany were among the top players of the market in 2022, where China acquired the largest market share of 70.18% with a shipment value of 170.94 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 66.23% with the shipment value of 65.19 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitor in 2017.
India Magnetic Materials Market is the largest market in South Asia, valued at USD 2.87 billion in 2020 and is expected to reach a value of USD 4.16 billion by 2026, registering a CAGR of 5.8% during 2020-2026 (forecast period). India has one of the most advanced manufacturing industries in the world as well as strong research capabilities, enabling it to become one of the leading producers of magnetic materials for various applications including automotive, power electronics and consumer electronics among others.
The key drivers behind India`s Magnetic Materials Market are increasing demand from end-use industries such as automotive, power electronics and consumer electronics; growing uptake in telecommunication and IT infrastructure development; beneficial government policies that promote investments into domestic manufacturing; rising urbanization rate which creates additional need for high performance electronic components & solutions; and increased usage of rare earth permanent magnets due to their superior properties over other traditional magnets coupled with improved availability owing to more efficient processing techniques.
The major challenges faced by India Magnetic Materials Market are high import costs for rare earth metals used in production processes resulting from lack of local resources; limited access to cutting edge technologies hampering product innovation efforts made by Indian companies; uncertain regulatory policies regarding industrial operations due environmental laws restrictions imposed by governmental organizations like Central Pollution Control Board (CPCB); slow adoption rate compared to other markets like China or Japan where advancements have been seen over past few years due larger investment support received from respective governments etc., creating an uneven playing field between both countries when it comes global competitiveness context.
Some trends observed within the India magnetic materials market include increase focus on energy efficiency through implementation smart grid technology across multiple sectors such residential & commercial buildings as well transportation networks arising out stringent governmental regulations set reduce carbon emissions countrywide level; development new products that utilize non-traditional materials replace conventional ones like iron-based alloys offer better prices points while still providing same level performance standards required industry specific applications ehlp drive adoption rates up higher levels than before amongst customers who may otherwise be hesitant invest heavily expensive equipment without any guarantee results delivered future occasions etc.; shift towards smaller sized devices enabled miniaturization components taking place many sectors replacing bulky counterparts ability perform same tasks saving valuable space given rise trend “smart living” becoming norm these days especially amongst younger generations bringing forth exciting opportunities never seen this domain so far leveraging advantages
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Magnetic Materials Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Magnetic Materials Market Revenues & Volume, 2019 & 2026F |
3.3 India Magnetic Materials Market - Industry Life Cycle |
3.4 India Magnetic Materials Market - Porter's Five Forces |
3.5 India Magnetic Materials Market Revenues & Volume Share, By Product Types, 2019 & 2026F |
3.6 India Magnetic Materials Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 India Magnetic Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Magnetic Materials Market Trends |
6 India Magnetic Materials Market, By Types |
6.1 India Magnetic Materials Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 India Magnetic Materials Market Revenues & Volume, By Product Types, 2016 - 2026F |
6.1.3 India Magnetic Materials Market Revenues & Volume, By Semi-hard Magnet, 2016 - 2026F |
6.1.4 India Magnetic Materials Market Revenues & Volume, By Soft Magnet, 2016 - 2026F |
6.1.5 India Magnetic Materials Market Revenues & Volume, By Hard Magnet, 2016 - 2026F |
6.2 India Magnetic Materials Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Magnetic Materials Market Revenues & Volume, By Automotive, 2016 - 2026F |
6.2.3 India Magnetic Materials Market Revenues & Volume, By Electronics, 2016 - 2026F |
6.2.4 India Magnetic Materials Market Revenues & Volume, By Industrial, 2016 - 2026F |
6.2.5 India Magnetic Materials Market Revenues & Volume, By Power Generation, 2016 - 2026F |
6.2.6 India Magnetic Materials Market Revenues & Volume, By Others, 2016 - 2026F |
7 India Magnetic Materials Market Import-Export Trade Statistics |
7.1 India Magnetic Materials Market Export to Major Countries |
7.2 India Magnetic Materials Market Imports from Major Countries |
8 India Magnetic Materials Market Key Performance Indicators |
9 India Magnetic Materials Market - Opportunity Assessment |
9.1 India Magnetic Materials Market Opportunity Assessment, By Product Types, 2019 & 2026F |
9.2 India Magnetic Materials Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 India Magnetic Materials Market - Competitive Landscape |
10.1 India Magnetic Materials Market Revenue Share, By Companies, 2019 |
10.2 India Magnetic Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |