Latin America Magnetic Materials Market (2021-2027) | COVID-19 IMPACT, Industry, Trends, Growth, Forecast, Outlook, Value, Size, Analysis, Share, Revenue & Companies

Latin America Magnetic Materials Market is anticipated to witness substantial growth in the forthcoming years backed by an increase in product application in the automotive sector. Further, the growing food industry in the entire region is estimated to gain traction in the market owing to the rise in the dining out culture along with the growing youngsters spending on processed food consumption. As a result, it is estimated to augment the product used to remove excess iron food which is resulting in the growth of the Latin America magnetic materials market in the upcoming six years.

Latin America Magnetic Materials Market is expected to register growth in the coming years. They are generally made up of iron, nickel, cobalt, aluminium and some alloys of rare-earth metals. Magnets have a long shelf-life along with being cost-effective and environment friendly. Owing to this, they are widely used in the electronics, automotive, mining, construction, and hardware and healthcare industries. Latin America magnet market is currently being driven by several factors. Magnets currently find wide applications in several industries in the region. They are increasingly being employed in various medical systems and applications like MRIs, X-rays and magnetic therapies. Apart from this, the well-developed construction industry utilizes distinctive types of magnetic conveyors, plates, separators, pulleys and grates. The outbreak of COVID-19 has adverse effects on most industry verticals across the globe, and the magnetic materials market had an equally negative impact. With travel restrictions and lockdown situations in most countries, have been closed, and several events have also been cancelled, badly affecting magnetic materials industry players in Latin America. The international trade fairs were also cancelled due to lockdowns in several regions of the world. Moreover, key industry participants like the TDK Corporation have sent its workers to quarantine and also started to work with reduced workforce strength.

According to 6Wresearch, Latin America Magnetic Materials Market is expected to gain growth throughout the forecast period 2021-2027. the regions where the magnetic material market is in a boom in Latin America are Peru, Bolivia, Brazil the major countries driving the soft magnetic materials market in the region. The automobile industry in North America is witnessing exponential growth. The annual production of automobiles in Latin America has exceeded the combined production of Japan, and the European countries, since 2009.

Companies such as Hitachi Metals Co. Ltd. (Japan), Toshiba Materials Co. Ltd. (Japan), Daido Steel Company Ltd (Japan), Steward Advanced Materials (U.S.), syntax a/s (Denmark), are the leading market players in the global soft magnetic materials market.

Latin America was the third-largest regional segment accounting for a revenue share of over 14.0% in 2019. The growth is majorly from the U.S. The country is a major consumer of electric motors, which is extensively used in several industrial applications such as pumping, compressed air, fans, refrigeration, material processing, and handling. On the basis of types, the Magnetic Materials Market from 2015 to 2023 is primarily split into Soft Magnetic Materials, Permanent Magnetic Materials, and Semi-Hard Magnetic Materials. On the basis of applications, the Magnetic Materials Market from 2015 to 2025 covers: Automotive, Electrical and Electronics, telecommunications, Energy and Power Others. Magnetic materials are utilised in the creation and distribution of electricity, and, in most cases, in the appliances that use that electricity. They are used for the storage of data on audio and videotape as well as on computer disks. In Latin America, the countries that play a major role in the magnetic material market are Brazil, Chile, Argentina and Colombia.

The Latin America magnetic materials market report thoroughly covers the market by applications, product type, and countries including Brazil, Chile, Argentina and Colombia. Latin America magnetic market outlook report provides an unbiased and detailed analysis of the Ongoing market opportunities/high growth area, trends, market drivers which would help the stakeholders to align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• Latin America Magnetic Materials Market Outlook
• Market Size of Latin America Magnetic Materials Market, 2020
• Forecast of Latin America Magnetic Materials Market, 2027
• Historical Data and Forecast of Latin America Magnetic Materials Revenues & Volume for the Period 2017 - 2027
• Latin America Magnetic Materials Market Trend Evolution
• Latin America Magnetic Materials Market Drivers and Challenges
• Latin America Magnetic Materials Price Trends
• Latin America Magnetic Materials Porter's Five Forces
• Latin America Magnetic Materials Industry Life Cycle
• Historical Data and Forecast of Latin America Magnetic Materials Market Revenues & Volume By Product Types for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Magnetic Materials Market Revenues & Volume By Semi-hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Magnetic Materials Market Revenues & Volume By Soft Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Magnetic Materials Market Revenues & Volume By Hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Magnetic Materials Market Revenues & Volume By Product Types for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Magnetic Materials Market Revenues & Volume By Semi-hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Magnetic Materials Market Revenues & Volume By Soft Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Magnetic Materials Market Revenues & Volume By Hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Magnetic Materials Market Revenues & Volume By Product Types for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Magnetic Materials Market Revenues & Volume By Semi-hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Magnetic Materials Market Revenues & Volume By Soft Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Magnetic Materials Market Revenues & Volume By Hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Magnetic Materials Market Revenues & Volume By Product Types for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Magnetic Materials Market Revenues & Volume By Semi-hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Magnetic Materials Market Revenues & Volume By Soft Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Magnetic Materials Market Revenues & Volume By Hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Magnetic Materials Market Revenues & Volume By Product Types for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Magnetic Materials Market Revenues & Volume By Semi-hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Magnetic Materials Market Revenues & Volume By Soft Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Magnetic Materials Market Revenues & Volume By Hard Magnet for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Magnetic Materials Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Magnetic Materials Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Magnetic Materials Market Revenues & Volume By Electronics for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Magnetic Materials Market Revenues & Volume By Industrial for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Magnetic Materials Market Revenues & Volume By Power Generation for the Period 2017 - 2027
• Historical Data and Forecast of Latin America Magnetic Materials Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Magnetic Materials Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Magnetic Materials Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Magnetic Materials Market Revenues & Volume By Electronics for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Magnetic Materials Market Revenues & Volume By Industrial for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Magnetic Materials Market Revenues & Volume By Power Generation for the Period 2017 - 2027
• Historical Data and Forecast of Brazil Magnetic Materials Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Magnetic Materials Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Magnetic Materials Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Magnetic Materials Market Revenues & Volume By Electronics for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Magnetic Materials Market Revenues & Volume By Industrial for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Magnetic Materials Market Revenues & Volume By Power Generation for the Period 2017 - 2027
• Historical Data and Forecast of Mexico Magnetic Materials Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Magnetic Materials Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Magnetic Materials Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Magnetic Materials Market Revenues & Volume By Electronics for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Magnetic Materials Market Revenues & Volume By Industrial for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Magnetic Materials Market Revenues & Volume By Power Generation for the Period 2017 - 2027
• Historical Data and Forecast of Argentina Magnetic Materials Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Magnetic Materials Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Magnetic Materials Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Magnetic Materials Market Revenues & Volume By Electronics for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Magnetic Materials Market Revenues & Volume By Industrial for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Magnetic Materials Market Revenues & Volume By Power Generation for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Latin America Magnetic Materials Market Revenues & Volume By Others for the Period 2017 - 2027
• Latin America Magnetic Materials Market - Key Performance Indicators
• Latin America Magnetic Materials Market - Import Export Trade Statistics
• Latin America Magnetic Materials Market - Opportunity Assessment By Countries
• Latin America Magnetic Materials Market - Opportunity Assessment By Product Types
• Latin America Magnetic Materials Market - Opportunity Assessment By Applications
• Latin America Magnetic Materials Market - Top Companies Market Share
• Latin America Magnetic Materials Market - Top Companies Profiles
• Latin America Magnetic Materials Market - Comparison of Players in Technical and Operating Parameters
• Latin America Magnetic Materials Market - Strategic Recommendations

Markets Covered

The market report covers the following segments:

• By Product Type:
  • Semi-hard Magnet
  • Soft Magnet
  • Hard Magnet

• By Applications:
  • Automotive
  • Electronics
  • Industrial
  • Power Generation
  • Others

• By Countries:
  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Frequently Asked Questions About the Market Study (FAQs):