04-Dec-2020 | Market Research Store

A team of researchers have found newly designed magnets with amazing physical properties that can very well compete with the traditional inorganic magnets used in the daily appliances. According to researchers from the Centre de Recherche Paul Pascal, the magnets have an important role in our everyday lives as well as in majority of the electronic and medical devices. Thus, the demand for new magnetic materials is increasing. Most of the materials are found to be made of rare earth metals or metallic elements that could be used ambient temperature. The market for inorganic magnets is escalating but its high cost and limited access to resources.

Since decades, the researchers have been trying to create high-performance magnets with less energy consumption and low cost using abundant metal ions and organic ligands. Until only a few of the molecule-based magnets functioning at room temperature has been found and no much information has been obtained as well. The University of Bordeaux researchers used a chemical strategy to make magnets using organic radical and a paramagnetic metal ion to advance magnetic interaction. Furthermore, the physical properties such as high operating temperature (242°C), low density, and high storage capacity are anticipated to make the new magnets all the more desirable.

It is thus possible to use the new method toconvertmetal-organic materials into metal-organic magnets. The new magnets were not only air-sensitive but also poorly sensitive. The researchers are now trying to characterize the electronic plus magnetic properties of these magnets in an element-selective manner. The researchers hope the new development could help in improving the technological applications such asmagnetoelectronic, magnetic sensors,smartphones, satellites, and recording technologiesin real-world.

Market Research Store has published a report on global permanent magnets industry market. The report covers the market details including introduction, growth factors, challenges, opportunities, threats, growth rate, future scope, and recent developments.