Global Bonded Magnet Market, By Product Type (Rare-earth Bonded Magnets, Ferrite Bonded Magnets, Hybrid Bonded Magnets), Process (Compression, Injection Moulding, Extrusion, Calendering), Application (Automotive and Transportation, Electrical and Electronics, Industrial, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Bonded Magnet Market
The bonded magnet market is expected to be growing at a growth rate of 10.1% in the forecast period of 2021 to 2028. The bonded magnet market report analyses the growth, which is currently being growing due to the manufacturers are rising their production capabilities to produce polymer-bonded rare-earth magnets.
Bonded magnets can be defined as composites of a fixed magnetic powder which are rooted in a nonmagnetic matrix type. This type of matrix is naturally called as a thermoplastic or elastomeric binder. Bonded magnet is known to be one of the most important magnetic materials which open wide application opportunities. Thermo-elastomer and thermo-plastic types of resins are mixed together with a different type of magnetic powders to created injection moulded, compression and flexible form of magnets.
Major factors that are expecting to boost the growth of the bonded magnet market in the forecast period are the increase in the demand for bonded magnet, because of its extensive utilization in the electrical and electronics and automotive applications and the sintering and hot distortion for complex shaped magnets. Furthermore, the strategies that are encouraged by the government play a major role in the increasing demand for hardware around the globe and the 3D bonded magnet structures such as ring, bar, and horseshoe-type can be printed and cured in air at 100°C without losing their magnetic properties are few of the factors that are anticipated to further propel the growth of the bonded magnet market in the timeline period.
On the other hand, the occurrence of stronger alternatives like the sintered magnet is one of the factors most likely to further impede the growth of the bonded magnet market in the coming years. In addition, the ever growing of the consumer electronics sector will further provide potential opportunities for the growth of the bonded magnet market in the near future.
This bonded magnet market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the bonded magnet market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Bonded Magnet Market Scope and Market Size
The bonded magnet market is segmented on the basis of product type, process and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on the product type, the bonded magnet market is segmented into rare-earth bonded magnets, ferrite bonded magnets, hybrid bonded magnets. Rare-earth bonded magnets are further sub segmented into isotropic and anisotropic. Ferrite bonded magnets is further sub segmented into plastic ferrite and rubber ferrite.
- Based on the process, the bonded magnet market is segmented into compression, injection moulding, extrusion, calendaring.
- Based on the application, the bonded magnet market is segmented into automotive and transportation, electrical and electronics, industrial, others. Others is further sub segmented into medical, power generation, others. Automotive and transportation is further sub segmented into motors, pumps, sensors, actuators, and others.
Bonded Magnet Market Country Level Analysis
The bonded magnet market is analysed and market size, volume information is provided by country, product type, process and application as referenced above.
The countries covered in the bonded magnet market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia Pacific dominates the bonded magnet market because of the rich deposit of rare-earth metals, like the samarium, neodymium, and dysprosium in the region. Furthermore, the increasing demand for bonded magnets too because of the production of semiconductor chips and products, such as hard disks and other storage devices which will further boost the growth of the bonded magnet market in the region during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bonded Magnet Market Share Analysis
The bonded magnet market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bonded magnet market.
The major players covered in the bonded magnet market report are Alliance LLC, Advanced Technology & Materials Co., Ltd., Xiamen Yuxiang Magnetic Materials Technology Co. Ltd, Allstar Magnetics, Arnold Magnetic Technologies., VACUUMSCHMELZE GmbH & Co. KG, Neo Magnequench, Stanford Magnets, Hitachi, Ltd., Magnequench International, LLC, Viona Magnetics., DEXTER MAGNETIC TECHNOLOGIES., Evitron., MS-Schramberg GmbH & Co. KG, RHEINMAGNET Horst Baermann GmbH., Stanford Magnets, adamsmagnetic.com, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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