Plastic Bonded Magnet Market Growth, Top Players, and Forecast by 2031

MARKET INTRODUCTION

Plastic bonded magnets comprise a plastic matrix and powdered magnetic materials fixed in the matrix. SmCo, NdFeB, and ferrites are most commonly used for these magnets. The growing end user needs and demand for consumer electronics products in developing economies are predicted to drive the plastic bonded magnet market. Several manufacturers are designing advanced technologies with improved compatibility; thus, it is anticipated to further drive the plastic bonded magnet market during the forecast period.

MARKET DYNAMICS

The growing commercial viability and varied range of applications of these magnets drive the growth of the plastic bonded magnet market. However, the high initial cost may restrain the development of the plastic bonded magnet market. Furthermore, advanced technologies and high-density plastic bonded magnetic products with improved stability and compatibility are anticipated to witness massive demand during the forecast period.

MARKET SCOPE

The "Global Plastic Bonded Magnet Market Analysis to 2031" is a specialized and in-depth study of the plastic bonded magnet market with a special focus on the global market trend analysis. The report aims to provide an overview of plastic bonded magnet market with detailed market segmentation by product type, application and geography. The global plastic bonded magnet market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading plastic bonded magnet market players and offers key trends and opportunities in the plastic bonded magnet market.

MARKET SEGMENTATION

The global plastic bonded magnet market is segmented on the basis of product type and application. On the basis of product type, the market is segmented as rare earth magnets, ferrite magnets, and others. On the basis of application, the market is segmented as automotive, electrical and electronics, healthcare, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global plastic bonded magnet market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The plastic bonded magnet market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting plastic bonded magnet market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the plastic bonded magnet market in these regions.

MARKET PLAYERS

The reports cover key developments in the plastic bonded magnet market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from plastic bonded magnet market are anticipated to lucrative growth opportunities in the future with the rising demand for plastic bonded magnet market. Below mentioned is the list of few companies engaged in the plastic bonded magnet market.

The report also includes the profiles of key plastic bonded magnet market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   BOMATEC
•   Bunting Europe
•   Eclipse Magnetics
•   Evitron
•   Goudsmit Magnetics
•   IBS Magnet
•   IMA - Magnets Factory
•   Magnet e Motion
•   MATE CO., LTD
•   MS-Schramberg GmbH and Co. KG

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Plastic Bonded Magnet Report Scope