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Posted: November 3, 2008
World Nanomagnetics Market Revenues Estimated to Reach $16.4 Billion by 2012
(Nanowerk News) The world nanomagnetics market was an estimated US $7.6 billion in 2007 and revenues are projected to reach US$16.4 billion by the end of the year 2012. United States currently leads the global market accounting for an estimated 39.5% of the worldwide revenues in 2008. Japan is poised to emerge as the fastest growing regional market over the years 2003 through 2010, with revenues projected to grow at a CAGR of 21.5%. Worldwide revenues from nanomagnetic thin film product segment were an estimated US $7.1 billion in 2007.
Nanomagnetic product markets are growth oriented because of the increasing demand for Nanotechnology. The products are the result of inventions and increasing research and development activities in Nanotechnology. Thin film products grab a greater percentage share in the global market because of their application in storage media, which has a greater demand in the future. Particulate products are next to thin films because of their demanding increase in diagnostic and other biotechnology applications.
Nanomagnetic materials, particles and products are applicable in wide areas relating to biotechnology, storage media, diagnostics, and others. The end use markets are categorized under storage media, biotechnology, and industrial products. Storage media grabs the largest percentage share in the global market in comparison to biotechnology and industrial products. The dominating global percentage share for storage media is due to the increasing demand for MRAMs, DVDs, and other compact disks.
Leading players covered in the report include Ademtech SA, Alps Electric Co., Ltd., Amag Pharmaceuticals Inc., Bangs Laboratories, Inc., Bayer Schering Pharma AG, Biophan Technologies, Inc., Cathay Pigments (USA) LLC - Cathay Magnetics, Chemagen Biopolymer-Technologie AG, Cortex Biochem, Inc., Dowa Holdings Co., Ltd., EMD Biosciences, Inc., Ferrotec Corporation, Fujitsu Laboratories, Ltd., Headway Technologies, Inc., Hitachi Metals, Ltd., IBM Corp., IBM Research Center's Nanoscience, Immunicon Corporation/Veridex, Liquids Research Ltd., MACH I Inc., Magforce Nanotechnologies GmbH, MAGNETEC GmbH, Micromod Partikeltechnologie GmbH, Nanobiomagnetics, Inc., NVE Corp., Polysciences, Inc., Quantum Design, Triton Biosystems, Inc., Vacuumschmelze GmbH & Co. KG, and WD Media, Inc., among others.
"Nanomagnetics: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the global market with hard-to-find data and analytics for key regional markets such as United States, Europe and Japan, besides fast emerging markets such as Asia-Pacific. The report provides a comprehensive review of market trends and issues, drivers, business profile, players, recent developments, mergers, acquisitions, alliances, product launches and other strategic industry activities. Analytical estimates and projections are presented in terms of annual revenues in US$ over the years 2003 through 2010. Long-term projections are presented over the years 2011 through 2015. Product segments independently analyzed include Thin Films, Particulates, and Bulk Materials, along with leading end-use segments - Storage Media, Biotechnology, and Industrial Applications.
For more details about this research report, please visit http://www.strategyr.com/Nanomagnetics_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.