As we all know, magnetic materials are known as the national industrial foundation, and the industrial system is inseparable from magnetic materials. This is mainly reflected in the wide range of applications of magnetic materials, covering household appliances, automobiles, communications, computers, medical, military, aerospace and other fields, is an important key functional material in the electronic industry.
In recent years, the global automobile industry has been expanding vigorously, which has become the main driving force for the development of magnetic materials industry. Based on the global annual output of 55 million vehicles, one vehicle uses 41 permanent magnet motors. The automobile industry needs about 2.255 billion such motors every year This is a huge market demand.
In addition, as the industry enters the 4.0 era, a new industrial revolution will be launched, which will bring magnetic materials into a broader development space. As Huawei promotes the great changes in 5g industry, magnetic materials and magnetic components will also face a new round of explosion.
According to the China Rare Earth Industry Association, the output of rare earth magnets in China will maintain a steady growth in 2019. Among them, the output of sintered NdFeB magnet blank was 170000 tons, with a year-on-year increase of 9.7%; the output of bonded NdFeB magnet was 7900 tons, with a year-on-year increase of 5%; the output of SmCo magnets was 2400 tons, with a year-on-year increase of 4%. In 2020, the production of magnetic materials will further increase.
Because a large number of electronic, electrical and communication products are inseparable from magnetic materials, magnetic materials have become particularly important functional materials. The selection of magnetic material suppliers is the key to the quality of magnetic materials. Meank magnetics focuses on the production and supply of high-performance neodymium magnets.Also good at production of magnets with high machining difficulty.Meank magnetics can machine plastic coated neodymium magnets, rubber coated neodymium magnets, pvc waterproof neodymium magnet button and all kinds of pot/cup magnets. Today,Meank magnetic become to be world-wide supplier for high-performance neodymium magnets and magnetic assemblies.