Wind Turbines Driving Unit Sales of Bonded Magnets

The bonded magnet market refers to the market for magnets made by bonding magnetic powder with a binder material to form a solid magnet. Bonded magnets are widely used in a variety of applications, including motors, generators, sensors, and speakers, among others. They offer several advantages over traditional magnets, such as high energy density, improved magnetic properties, and ease of processing. The demand for bonded magnets is driven by the increasing demand for high-performance and cost-effective magnetic solutions. Key players in the market include Hitachi Metals, Sumitomo Special Metals, TDK Corporation, and Morgan Advanced Materials, among others. The market is expected to grow as the demand for electronic devices and systems continues to increase, and the need for advanced and reliable magnetic solutions becomes more pressing. With the growth of industries such as automotive, renewable energy, and consumer electronics, the demand for bonded magnets is expected to continue to grow in the coming years.

Wind turbines are driving sales of bonded magnets in the market. Wind turbines require high-performance and reliable magnetic components, including bonded magnets, to generate and control the flow of electrical power. Bonded magnets are preferred for use in wind turbines due to their high energy density and improved magnetic properties, which ensure maximum efficiency and reliability. With the increasing demand for renewable energy and the growth of the wind energy industry, the demand for bonded magnets in wind turbines is expected to continue to grow in the coming years.

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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

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

What makes this Research different from others?

COVID- Impact analysis- The report includes details of the impact of the pandemic on the Bonded Magnet market further including insights on the pre-COVID situation. Additionally, this report benefits in terms of post-COVID recovery prospects, changing consumer demands, and buying patterns valuable for Bonded Magnet companies.
Industrial trend analysis- The research covers recent trends in the field of Bonded Magnet which are augmented with the applicable technologies and shifts in industrial processes. The scope for digital and industrial technologies is discussed in order to help client firms to understand the benefits and risks included in light of market trends.
Bonded Magnet Sustainability metrics- The rising concerns of environmentally friendly production and consumption are taken to next level in this research, as research is focused on emerging methods of ensuring sustainability. These insights include climate-friendly initiatives adopted by some players in the industry. Furthermore, details of manufacturers’ impact on carbon footprint are evaluated intend to make clients aware of their contribution to sustainable development goals.

Competitive Landscape

The Bonded Magnet industry is dominated by some prominent players 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

The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the Bonded Magnet market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for Bonded Magnet brands leading to an impact on the margin profits of firms.