India Rare Earth Magnet Market - Industry Trends and Forecast to 2029

TABLE OF CONTENTS

1 INTRODUCTION 9

• 1.1 OBJECTIVES OF THE STUDY 9
• 1.2 MARKET DEFINITION 9
• 1.3 OVERVIEW OF INDIA RARE EARTH MAGNET MARKET 9
• 1.4 CURRENCY AND PRICING 10
• 1.5 LIMITATIONS 10
• 1.6 MARKETS COVERED 11

2 MARKET SEGMENTATION 12

• 2.1 MARKETS COVERED 12
• 2.2 YEARS CONSIDERED FOR THE STUDY 13
• 2.3 GEOGRAPHIC SCOPE 13
• 2.4 DBMR TRIPOD DATA VALIDATION MODEL 14
• 2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 17
• 2.6 DBMR MARKET POSITION GRID 18
• 2.7 VENDOR SHARE ANALYSIS 19
• 2.8 MARKET END-USER COVERAGE GRID 20
• 2.9 MULTIVARIATE MODELLING 21
• 2.10 TYPE CURVE 21
• 2.11 CHALLENGE MATRIX 22
• 2.12 SECONDARY SOURCES 23
• 2.13 ASSUMPTIONS 23

3 EXECUTIVE SUMMARY 24

4 PREMIUM INSIGHTS 26

• 4.1 TECHNOLOGICAL ADVANCEMENTS BY MANUFACTURERS 27
• 4.2 PORTER'S FIVE FORCE ANALYSIS 28
• 4.3 VENDOR SELECTION CRITERIA 29
• 4.4 PESTEL ANALYSIS 30
• 4.5 KEY PATENT ANALYSIS 30
  • 4.5.1 METHOD FOR PRODUCING SINTERED NDFEB MAGNET 30
  • 4.5.2 METHOD FOR RECOVERY OF NDFEB GRAINS FROM BULK SINTERED ND-FE-B MAGNETS AND/OR MAGNET SCRAPS BY ELECTROCHEMICAL ETCHING 31
  • 4.5.3 METHOD AND SYSTEM FOR RECOVERING RARE EARTH ELEMENTS FROM WITHIN AN OBJECT 31
• 4.6 REGULATION COVERAGE 31
• 4.7 BRAND COMPARATIVE ANALYSIS 32
• 4.8 MAJOR MANUFACTURERS/SUPPLIERS IN NDFEB MARKET 33

5 SUPPLY CHAIN ANALYSIS 35

• 5.1 OVERVIEW 35
• 5.2 LOGISTIC COST SCENARIO 36
• 5.3 IMPORTANCE OF LOGISTIC SERVICE PROVIDERS 36

6 CLIMATE CHANGE SCENARIO 37

• 6.1 ENVIRONMENTAL CONCERNS 37
• 6.2 INDUSTRY RESPONSE 37
• 6.3 GOVERNMENT'S ROLE 38
• 6.4 ANALYST RECOMMENDATION 39

7 MARKET OVERVIEW 40

• 7.1 DRIVERS 42
  • 7.1.1 CONTINUOUS RISE IN DEMAND FOR PERMANENT MAGNET 42
  • 7.1.2 PENETRATION OF ELECTRIC VEHICLES ACROSS THE MARKET 42
  • 7.1.3 RISE IN APPLICATION OF RARE EARTH MAGNET IN HEALTHCARE AND CONSUMER ELECTRONICS SECTOR 43
• 7.2 RESTRAINTS 44
  • 7.2.1 HIGHER PRICE RANGE OF PERMANENT MAGNET 44
  • 7.2.2 LOW CORROSION RESISTANCE AND HIGHER BRITTLENESS OF PERMANENT MAGNET 44
• 7.3 OPPORTUNITIES 45
  • 7.3.1 GROWING DEMAND FOR RARE EARTH ELEMENTS IN THE RENEWABLE ENERGY SECTOR 45
  • 7.3.2 INCREASING NEED FOR RARE EARTH MAGNETS IN ELECTRONIC & ELECTRICAL SYSTEMS 45
  • 7.3.3 PRESENCE OF HIGH RESERVE OF RARE EARTH ELEMENTS IN INDIA 46
• 7.4 CHALLENGES 47
  • 7.4.1 ENVIRONMENTAL AND HEALTH CONCERNS ASSOCIATED WITH RARE EARTH ELEMENTS MINING 47
  • 7.4.2 LACK OF INFRASTRUCTURE IN THE INDIAN RARE EARTH INDUSTRY 48

8 INDIA RARE EARTH MAGNET MARKET, BY TYPE 50

• 8.1 OVERVIEW 51
• 8.2 NDFEB MAGNET 52
  • 8.2.1 SINTERED NDFEB MAGNET 53
  • 8.2.2 BONDED NDFEB MAGNET 53
  • 8.2.3 HOT-PRESSED NDFEB MAGNET 53
• 8.3 SAMARIUM COBALT MAGNET (SMCO) 53
  • 8.3.1 SM2CO17 53
  • 8.3.2 SMCO5 53

9 INDIA RARE EARTH MAGNET MARKET, BY PRODUCT 54

• 9.1 OVERVIEW 55
• 9.2 RECTANGULAR 56
• 9.3 CIRCULAR DISC MAGNETS 56
• 9.4 CYLINDRICAL ROD MAGNETS 56
• 9.5 CIRCULAR RING MAGNETS 57
• 9.6 COUNTERSUNK MAGNETS 57
• 9.7 POT & CLAMPING MAGNETS 57
• 9.8 HOOK & EYEBOLT MAGNETS 57
• 9.9 SELF-ADHESIVE 57

10 INDIA RARE EARTH MAGNET MARKET, BY APPLICATION 58

• 10.1 OVERVIEW 59
• 10.2 CONSUMER ELECTRONICS 60
• 10.3 AUTOMOTIVE INDUSTRY 60
  • 10.3.1 ELECTRIC 2 & 3 WHEELERS 61
  • 10.3.2 ELECTRIC 4 WHEELERS 61
  • 10.3.3 OTHERS 61
• 10.4 RENEWABLE ENERGY 61
• 10.5 AEROSPACE INDUSTRY 61
• 10.6 FOOD & DRINK PROCESSING 61
• 10.7 DEEP SEA EXPLORATION 62
• 10.8 OTHERS 62

11 INDIA REAR EARTH MAGNET MARKET: COMPANY LANDSCAPE 63

• 11.1 COMPANY SHARE ANALYSIS: INDIA 63

12 SWOT ANALYSIS 64

13 COMPANY PROFILE 65

• 13.1 STAR TRACE PRIVATE LIMITED 65
  • 13.1.1 COMPANY SNAPSHOT 65
  • 13.1.2 PRODUCT PORTFOLIO 65
  • 13.1.3 RECENT DEVELOPMENT 65
• 13.2 KUMAR MAGNETIC INDUSTRIES 66
  • 13.2.1 COMPANY SNAPSHOT 66
  • 13.2.2 PRODUCTS PORTFOLIO 66
  • 13.2.3 RECENT DEVELOPMENT 66

• 13.3 ASHVINI MAGNETS 67
  • 13.3.1 COMPANY SNAPSHOT 67
  • 13.3.2 PRODUCT PORTFOLIO 67
  • 13.3.3 RECENT DEVELOPMENT 67
• 13.4 DURA MAGNETS PVT. LTD 68
  • 13.4.1 COMPANY SNAPSHOT 68
  • 13.4.2 PRODUCT PORTFOLIO 68
  • 13.4.3 RECENT DEVELOPMENT 68
• 13.5 JAI MAG INDUSTRIES 69
  • 13.5.1 COMPANY SNAPSHOT 69
  • 13.5.2 PRODUCT PORTFOLIO 69
  • 13.5.3 RECENT DEVELOPMENT 69
• 13.6 JD MAGNETIC IMPEX 70
  • 13.6.1 COMPANY SNAPSHOT 70
  • 13.6.2 PRODUCTS PORTFOLIO 70
  • 13.6.3 RECENT DEVELOPMENT 71
• 13.7 MAGNA TRONIX 72
  • 13.7.1 COMPANY SNAPSHOT 72
  • 13.7.2 PRODUCTS PORTFOLIO 72
  • 13.7.3 RECENT DEVELOPMENTS 72
• 13.8 SHREE SHAKTI INDUSTRIES 73
  • 13.8.1 COMPANY SNAPSHOT 73
  • 13.8.2 PRODUCT PORTFOLIO 73
  • 13.8.3 RECENT DEVELOPMENT 73

14 QUESTIONNAIRE 74

15 RELATED REPORTS 77

LIST OF TABLES

• TABLE 1 SOME GLOBAL NDFEB MANUFACTURER/SUPPLIERS 33
• TABLE 2 SOME INDIAN NDFEB MANUFACTURER/SUPPLIERS 34
• TABLE 3 COUNTRY MINE PRODUCTION & RESERVES OF 2020 49
• TABLE 4 INDIA RARE EARTH MAGNET MARKET, BY TYPE, 2020-2029 (USD MILLION) 52
• TABLE 5 INDIA RARE EARTH MAGNET MARKET, BY TYPE, 2020-2029 (TONS) 52
• TABLE 6 INDIA NDFEB MAGNET IN RARE EARTH MAGNET MARKET, BY TYPE, 2020-2029 (USD MILLION) 52
• TABLE 7 INDIA NDFEB MAGNET IN RARE EARTH MAGNET MARKET, BY TYPE, 2020-2029 (TONS) 52
• TABLE 8 INDIA SAMARIUM COBALT MAGNET (SMCO) IN RARE EARTH MAGNET MARKET, BY TYPE, 2020-2029 (USD MILLION) 53
• TABLE 9 INDIA SAMARIUM COBALT MAGNET (SMCO) IN RARE EARTH MAGNET MARKET, BY TYPE, 2020-2029 (TONS) 53
• TABLE 10 INDIA RARE EARTH MAGNET MARKET, BY PRODUCT, 2020-2029 (USD MILLION) 56
• TABLE 11 INDIA RARE EARTH MAGNET MARKET, BY PRODUCT, 2020-2029 (TONS) 56
• TABLE 12 INDIA RARE EARTH MAGNET MARKET, BY APPLICATION, 2020-2029 (USD MILLION) 60
• TABLE 13 INDIA RARE EARTH MAGNET MARKET, BY APPLICATION, 2020-2029 (TONS) 60
• TABLE 14 INDIA AUTOMOTIVE INDUSTRY IN RARE EARTH MAGNET MARKET, BY TYPE, 2020-2029 (USD MILLION) 61
• TABLE 15 INDIA AUTOMOTIVE INDUSTRY IN RARE EARTH MAGNET MARKET, BY TYPE, 2020-2029 (TONS) 61

LIST OF FIGURES

• FIGURE 1 INDIA RARE EARTH MAGNET MARKET: SEGMENTATION 12
• FIGURE 2 INDIA RARE EARTH MAGNET MARKET: DATA TRIANGULATION 14
• FIGURE 3 INDIA RARE EARTH MAGNET MARKET: DROC ANALYSIS 15
• FIGURE 4 INDIA RARE EARTH MAGNET MARKET: REGIONAL MARKET ANALYSIS 16
• FIGURE 5 INDIA RARE EARTH MAGNET MARKET: COMPANY RESEARCH ANALYSIS 16
• FIGURE 6 INDIA RARE EARTH MAGNET MARKET: INTERVIEW DEMOGRAPHICS 17
• FIGURE 7 INDIA RARE EARTH MAGNET MARKET: DBMR MARKET POSITION GRID 18
• FIGURE 8 INDIA RARE EARTH MAGNET MARKET: VENDOR SHARE ANALYSIS 19
• FIGURE 9 INDIA RARE EARTH MAGNET MARKET: MARKET END-USER COVERAGE GRID 20
• FIGURE 10 INDIA RARE EARTH MAGNET MARKET: SEGMENTATION 25
• FIGURE 11 CONTINUOUS RISE IN DEMAND FOR PERMANENT MAGNET IS EXPECTED TO DRIVE INDIA RARE EARTH MAGNET MARKET IN THE FORECAST PERIOD OF 2021 TO 2029 26
• FIGURE 12 NDFEB MAGNET SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF INDIA RARE EARTH MAGNET MARKET IN 2022 TO 2029 26
• FIGURE 13 SUPPLY CHAIN FOR RARE EARTH MAGNET 36
• FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES & CHALLENGES OF INDIA RARE EARTH MAGNET MARKET 41
• FIGURE 15 APPLICATIONS OF PERMANENT MAGNETS BY MARKET SHARE (2019) 42
• FIGURE 16 ELECTRIC VEHICLE SALES IN INDIA (2020) 43
• FIGURE 17 INDIA RARE EARTH MAGNET MARKET: BY TYPE, 2021 51
• FIGURE 18 INDIA RARE EARTH MAGNET MARKET: BY PRODUCT, 2021 55
• FIGURE 19 INDIA RARE EARTH MAGNET MARKET: APPLICATION, 2021 59
• FIGURE 20 INDIA REAR EARTH MAGNET MARKET: COMPANY SHARE 2021 (%) 63