MAGNETIC MATERIALS MARKET ANALYSIS

Magnetic Materials Market, By Product Type (Soft Magnetic Materials, Permanent Magnetic Materials, Semi-Hard Magnetic Materials), By Application (Automotive & Transportation, Electronics, Energy, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Oct 2024
Code : CMI1968
Pages :100
Formats :
Excel and PDF
Industry : Advanced Materials

Key Developments

In November 2020, Zhong Ke San Huan announced that it had completed construction of a new production line for its rare-earth-free magnets. It would have an annual production capacity of 1,000 tons. The new production line uses advanced manufacturing technologies. These include vacuum melting and directional solidification to produce high-quality magnets with superior magnetic properties. Beijing Zhong Ke San Huan Hi-Tech Co., Ltd., commonly referred to as Zhong Ke San Huan, is a prominent company in the magnetic materials industry.

In October 2020, Hitachi Metals announced that it had developed a new type of magnet made from rare-earth-free materials. It is called the RE-free magnet. The company claimed that RE-free magnet has high magnetic properties that are comparable to those of conventional magnets made with rare earth metals. Hitachi Metals, now known as Proterial, Ltd., is a prominent manufacturer specializing in high-grade specialty steel products, magnetic materials, and functional components.