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.
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Scope of the Bonded Magnet Market Report:
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.
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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.
Bonded Magnet Market Regional Analysis/Insights
The Bonded Magnet market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Bonded Magnet market report are 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.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Bonded Magnet within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Bonded Magnet market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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