GCC Magnet Market Overview:
The GCC Magnet market was worth US$ XX Billion in 2021, expanding at a CAGR of X% during 2016-2021. The market is projected to register a CAGR of X% during 2022-2027, reaching US$ XX Billion by 2027. A magnet is an object with a magnetic field that attracts other ferromagnetic materials. They are generally made from alloys of iron, nickel and cobalt. Some of the commonly available magnets in the market include neodymium iron boron (NdFeB), samarium cobalt (SmCo), alnico, and ceramic or ferrite magnets.
The GCC magnet market is primarily driven by the rapid adoption of consumer electronics among the masses. This is supported by the inflating per capita income levels and considerable improvements in the e-commerce sector. Moreover, the rising product utilization in the production of medical devices is also creating a positive outlook for the market.
The GCC magnet market is currently witnessing a healthy growth rate. Magnet is retrieved from a process of mixing, grinding and heating minerals like limestone and clay. Magnet is generally characterized as hydraulic and non-hydraulic. Hydraulic magnet reacts with water, making it adhesive in nature, whereas, non-hydraulic magnet rather needs a dry atmosphere and sets by reacting to the carbon dioxide present in the air. Magnet is highly popular in construction industry because of its binding properties, making it comparatively better than any other alternative product. It can also be produced in large volumes and offers a longer storage period. It is easily available and provides solid strength to various structures at commercially economic prices. The growing industrial applications of magnets is expected to drive the demand for the same. In addition, the growth in automotive industry, increasing demand for efficiency and miniaturization, the rising initiatives of associations and regulatory bodies, development and modernization of infrastructure are likely to boost the market in the coming years.
GCC Magnet Market Segment Insights:
The report has assessed the GCC Magnet Market on the basis of magnet type covering, ferrite, neodymium iron boron (NdFeB), aluminium nickel cobalt (AlNiCo) and samarium cobalt (SmCo). The report has further examined the market based on application including, computer hard disk drives (HDD), CD, DVD, hybrid electric vehicles, heating, ventilating, and air conditioners (HVAC), wind turbines and other applications. On a regional basis, the report examines the Magnet market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain An evaluation of the competitive landscape has also been provided with the details of the key players operating in the GCC magnet market.
Highlights of the GCC Magnet Market Report:
Key Market Segments:
The GCC magnet market has been analysed as followed:
Segmentation by Magnet Type:
Segmentation by Application:
Segmentation by Country:
Report Customisation:
The GCC magnet market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.
1 Introduction
1.1 Research Objectives
1.2 Stakeholders
1.3 Scope of the Report
1.4 Assumptions and Limitations
2 Research Methodology
2.1 Data Collection
2.1.1 Primary Sources
2.1.2 Secondary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Validation
3 Executive Summary
4 Global Permanent Magnet Market
4.1 Historical Market Trend
4.2 Market Segmentation by Region
4.3 Impact of COVID-19
4.4 Market Outlook
5 GCC Permanent Magnet Market
5.1 Industry Overview
5.2 Key Industry Developments
5.3 Market Trends
5.3.1 Key Market Indicators
5.3.2 Historical Market Trends
5.3.3 Market Outlook
6 GCC Permanent Magnet Market Segmentation by Country
6.1 Saudi Arabia
6.1.1 Historical Market Trends
6.1.2 Market Outlook
6.2 United Arab Emirates
6.2.1 Historical Market Trends
6.2.2 Market Outlook
6.3 Qatar
6.3.1 Historical Market Trends
6.3.2 Market Outlook
6.4 Kuwait
6.4.1 Historical Market Trends
6.4.2 Market Outlook
6.5 Oman
6.5.1 Historical Market Trends
6.5.2 Market Outlook
6.6 Bahrain
6.6.1 Historical Market Trends
6.6.2 Market Outlook
7 GCC Permanent Magnet Market Segmentation by Magnet Type
7.1 Ferrite
7.1.1 Historical Market Trends
7.1.2 Market Outlook
7.2 Neodymium Iron Boron (NdFeB)
7.2.1 Historical Market Trends
7.2.2 Market Outlook
7.3 Aluminium Nickel Cobalt (AlNiCo)
7.3.1 Historical Market Trends
7.3.2 Market Outlook
7.4 Samarium Cobalt (SmCo)
7.4.1 Historical Market Trends
7.4.2 Market Outlook
8 GCC Permanent Magnet Market Segmentation by Application
8.1 Computer Hard Disk Drives (HDD), CD, DVD
8.1.1 Historical Market Trends
8.1.2 Market Outlook
8.2 Hybrid Electric Vehicles
8.2.1 Historical Market Trends
8.2.2 Market Outlook
8.3 Electric Bicycles
8.3.1 Historical Market Trends
8.3.2 Market Outlook
8.4 Heating, Ventilating and Air Conditioners (HVAC)
8.4.1 Historical Market Trends
8.4.2 Market Outlook
8.5 Wind Turbines
8.5.1 Historical Market Trends
8.5.2 Market Outlook
8.6 Other Applications
8.6.1 Historical Market Trends
8.6.2 Market Outlook
9 GCC Permanent Magnet Industry: Market Dynamics
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 GCC Permanent Magnet Industry: Value Chain Analysis
10.1 Overview
10.2 Research and Development
10.3 Raw Material Suppliers
10.4 Inbound Logistics
10.5 Production
10.6 Marketing
10.7 Outbound Logistics
10.8 Consumers
11 GCC Permanent Magnet Industry: Porter’s Five Forces Analysis
11.1 Overview
11.2 Threat of New Entrants
11.3 Threat of Substitutes
11.4 Bargaining Power of Buyers
11.5 Bargaining Power of Suppliers
11.6 Intensity of Rivalry
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Key Success Factors
13 Key Player Profiles
List of Figures
Figure 1: Global: Permanent Magnet Market: Sales Value (in Billion US$), 2016-2021
Figure 2: Global: Permanent Magnet Market: Segmentation by Region (in %), 2021
Figure 3: Global: Permanent Magnet Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 4: GCC: Permanent Magnet Market: Sales Value (in Billion US$), 2016-2021
Figure 5: GCC: Permanent Magnet Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 6: GCC: Permanent Magnet Market: Segmentation by Country (in %), 2021
Figure 7: GCC: Permanent Magnet Market: Segmentation by Magnet Type (in %), 2021
Figure 8: GCC: Permanent Magnet Market: Segmentation by Application (in %), 2021
Figure 9: Saudi Arabia: Permanent Magnet Market: Sales Value (in Billion US$), 2016 & 2021
Figure 10: Saudi Arabia: Permanent Magnet Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 11: United Arab Emirates: Permanent Magnet Market: Sales Value (in Billion US$), 2016 & 2021
Figure 12: United Arab Emirates: Permanent Magnet Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 13: Qatar: Permanent Magnet Market: Sales Value (in Billion US$), 2016 & 2021
Figure 14: Qatar: Permanent Magnet Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 15: Kuwait: Permanent Magnet Market: Sales Value (in Billion US$), 2016 & 2021
Figure 16: Kuwait: Permanent Magnet Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 17: Oman: Permanent Magnet Market: Sales Value (in Billion US$), 2016 & 2021
Figure 18: Oman: Permanent Magnet Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 19: Bahrain: Permanent Magnet Market: Sales Value (in Billion US$), 2016 & 2021
Figure 20: Bahrain: Permanent Magnet Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 21: GCC: Permanent Magnet (Ferrite) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 22: GCC: Permanent Magnet (Ferrite) Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 23: GCC: Permanent Magnet (Neodymium Iron Boron (NdFeB)) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 24: GCC: Permanent Magnet (Neodymium Iron Boron (NdFeB)) Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 25: GCC: Permanent Magnet (Aluminium Nickel Cobalt (AlNiCo) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 26: GCC: Permanent Magnet (Aluminium Nickel Cobalt (AlNiCo) Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 27: GCC: Permanent Magnet (Samarium Cobalt (SmCo)) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 28: GCC: Permanent Magnet (Samarium Cobalt (SmCo)) Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 29: GCC: Permanent Magnet (Computer Hard Disk Drives (HDD), CD, DVD) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 30: GCC: Permanent Magnet (Commercial) Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 31: GCC: Permanent Magnet (Computer Hard Disk Drives (HDD), CD, DVD) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 32: GCC: Permanent Magnet (Hybrid Electric Vehicles) Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 33: GCC: Permanent Magnet (Hybrid Electric Vehicles) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 32: GCC: Permanent Magnet (Electric Bicycles) Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 34: GCC: Permanent Magnet (Electric Bicycles) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 35: GCC: Permanent Magnet (Heating, Ventilating and Air Conditioners (HVAC)) Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 36: GCC: Permanent Magnet (Infrastructure) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 37: GCC: Permanent Magnet (Heating, Ventilating and Air Conditioners (HVAC)) Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 38: GCC: Permanent Magnet (Wind Turbines) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 39: GCC: Permanent Magnet (Wind Turbines) Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 40: GCC: Permanent Magnet (Other Applications) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 41: GCC: Permanent Magnet (Other Applications) Market Outlook: Sales Value (in Billion US$), 2022-2027
Figure 42: GCC: Permanent Magnet Industry: Market Dynamics
Figure 43: GCC: Permanent Magnet Industry: Value Chain Analysis
Figure 44: GCC: Permanent Magnet Market: Porter’s Five Forces Analysis
List of Tables
Table 1: GCC: Permanent Magnet Market: Key Industry Highlights, 2021 and 2027
Table 2: GCC: Permanent Magnet Market Outlook: Segmentation by Country (in Million US$), 2022-2027
Table 3: GCC: Permanent Magnet Market Outlook: Segmentation by Magnet Type (in Million US$), 2022-2027
Table 4: GCC: Permanent Magnet Market Outlook: Segmentation by Application (in Million US$), 2022-2027
Table 5: GCC: Permanent Magnet Market Structure
Table 6: GCC: Permanent Magnet Market: Key Players
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