Sales of Bonded Magnets Are Increasing at Cagr 6.9% Through 2032
The bonded magnet market is a segment of the broader magnet industry. Bonded magnets are made by mixing magnetic powder with a binder, such as epoxy or nylon, and then compressing and molding the mixture into a desired shape. Bonded magnets offer advantages over traditional magnets, such as greater design flexibility, improved dimensional accuracy, and higher resistance to demagnetization.
The bonded magnet market is driven by a wide range of industries, including automotive, consumer electronics, and medical devices. Bonded magnets are used in a variety of applications, such as electric motors, sensors, actuators, and magnetic assemblies.
The market for bonded magnets is highly competitive, with key players including companies such as Arnold Magnetic Technologies, Bunting Magnetics Co., Dexter Magnetic Technologies, Inc., and Neo Performance Materials Inc. These companies offer a range of bonded magnets with different properties and capabilities, such as high magnetic strength, low magnetic weight, and high temperature resistance.
The bonded magnet market is expected to continue growing in the coming years, driven by the increasing demand for electric vehicles and other renewable energy technologies. Bonded magnets are used in electric motors and generators, which are key components of these technologies. In addition, the increasing demand for consumer electronics and other high-tech devices is also expected to drive demand for bonded magnets, as these devices often require compact, high-performance magnetic components.
However, the bonded magnet market faces challenges such as raw material availability, price fluctuations, and environmental regulations. As a result, companies are investing in research and development to create more sustainable and cost-effective manufacturing processes, as well as to develop new magnet materials and technologies with improved properties and capabilities.
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Key findings of the Bonded Magnet market study:
· The report provides a present market outlook on Bonded Magnet. Additionally, the Bonded Magnet market share is anticipated to grow with a CAGR of 7.8% in the forecast period.
· Regional breakdown of the Bonded Magnet market based on predefined taxonomy.
· Innovative manufacturing processes implemented by Bonded Magnet vendors in detail.
· Region-wise and country-wise fragmentation of the Bonded Magnet market to grasp the revenue, and growth outlook in these areas.
· Changing preferences among consumers across various regions and countries.
· Factors (Positive and Negative) impacting the growth of the global Bonded Magnet market.
· Bonded Magnet price, market share, and Trends forecast for assessment period 2022-2032
Competitive landscape analysis
The market survey conducted by fact.mr offers key developments and challenges affecting the pharmaceutical industry, subsequently influencing demand and sales in the Bonded Magnet market. To study competitive trends across the industry, the report profiles some of the leading players operating in the Bonded Magnet market including
TDK Corporation
Hitachi Metals, Ltd.
Ningbo Yunsheng Co. Ltd.,
Advanced Technology Materials Co. Ltd.
Magnequench International, LLC
SDM Magnetics Co., Ltd.
Ningbo Newland Magnet Industry Co., Ltd.
Arnold Magnetic Technologies,
Mate Co., Ltd.
Evitron Sp. z o.o.
MMC Magnetics Corp
RHEINMAGNET Horst Baermann GmbH.
Dura Magnetics, Inc.
Adams Magnetic Products
National Imports, LLC
Super Magnet Co., Ltd.
Galaxy Magnets
Daido Electronics Co., Ltd.
Shanghai San Huan Magnetics Co., Ltd.
MP Material
Other Key Players
Report benefits & key questions answered
· Bonded Magnet historical market outlook: the market intelligence survey report discloses the demand and sales projections of Bonded Magnet over the last forecast period 2016 to 2020.
· Post impact of covid on the Bonded Magnet market: the pharmaceutical industry has been largely influenced by covid-19 pandemic. The fact.mr market survey assesses how current trends that will influence expenditure on Bonded Magnet, thus affecting the market growth.
· Bonded Magnet market trend analysis: the report provides in-depth overview of the past, recent, and upcoming trends in the Bonded Magnet market to assist the businesses to formulate their strategies for expansion.
· Bonded Magnet category & segment level analysis: fact.mr's category & segment level analysis provides insights into Bonded Magnet sales outlook on lucrative and nascent product types. The report assists the market players to identify potential remunerative segments and set sales targets at local, country, and regional level.
· Bonded Magnet company & brand share analysis: the report discloses the competitiveness of the Bonded Magnet market and highlights the market share captured by tier 1, tier 2, and tier 3 players operating in the landscape.
Bonded Magnet Industry Research by Segments
Bonded Magnet Market by Product Type:
Rare Earth Magnets
NdFeB
SmCo
Bonded Ferrite Magnets
Others
Bonded Magnet Market by Process Type:
Injection Molded Bonded Magnets
Compression Bonded Magnets
Calendaring Bonded Magnets
Extrusion Bonded Magnets
Bonded Magnet Market by Application:
Sensors
Motors
Hard Disk Drives
Level Gauges
Instrument Panels
Copier Rotors
Fuel Filters
Magnetic Couplings
Bonded Magnet Market by End Use:
Automotive
HVAC Equipment
Medical Devices
Cameras
Consumer Electronic Appliances
Computers and Magnetic Storage Devices
Electrical Equipment
Measurement Instruments
Printer and Copiers
Bonded Magnet Market by Region:
North America Bonded Magnet Market
Latin America Bonded Magnet Market
Europe Bonded Magnet Market
East Asia Bonded Magnet Market
South Asia & Oceania Bonded Magnet Market
MEA Bonded Magnet Market
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