Global Permanent Magnet Analysis Report 2024 Featuring Grinm Advanced Materials, TDK Corp, and Shin-Etsu Chemical [Yahoo! Finance]
TDK CORP S/ADR (TTDKY)
NASDAQ:AMEX Investor Relations:
global.tdk.com/corp/en/ir/index.htm
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Source: Yahoo! Finance
The global permanent magnet market is expected to generate total revenues of $22,492.1 million in 2023, representing a compound annual growth rate (CAGR) of 3.7% between 2018 and 2023. Global Permanent Magnet industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Key Highlights Market consumption volume is forecast to increase with a CAGR of 2.5% between 2018 and 2023, to reach a total of 1,145,511.7 tons in 2023. The growth in the global permanent magnet market is influenced by several macroeconomic factors, such as rising GDP and growing business confidence. For instance, according to the Organisation for Economic Co-operation and Development (OECD), the business confidence index in China reached 99.4 in February 2023, up from 97.01 in
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