Results for tag: "Rare Earth Permanent Magnet"

The Rare Earth Permanent Magnet market is a subset of the Advanced Materials industry. Rare Earth Permanent Magnets are composed of rare earth elements and are used in a variety of applications, such as electric motors, generators, and sensors. These magnets are highly valued for their high magnetic strength, low temperature coefficient, and low cost. They are also highly resistant to corrosion and have a long service life. The Rare Earth Permanent Magnet market is driven by the increasing demand for electric vehicles, renewable energy, and consumer electronics. The growing demand for these magnets is also driven by the need for efficient and reliable power sources. Additionally, the development of new technologies and the increasing demand for miniaturization are expected to drive the market growth. Some of the major companies in the Rare Earth Permanent Magnet market include Hitachi Metals, Neo Magnets, TDK Corporation, Shin-Etsu Chemical, and Daido Steel. Show Less Read more