Global Bonded Magnet Market Size, Share, Global Demand, 2027

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The primary advantage of bonded magnets over its sintered counterpart is the promising mechanical performance. Two facts lead to increases in the rare earth magnets amount in the market in recent years are an increase in total energy product, as a basic standard of magnetic materials quali

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Bonded Magnet Market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during the forecast period.
Bonded Magnet Market Overview:

The rising demand for automated Bonded Magnet and the rapid growth of the automotive industry are main factors driving the global market for Bonded Magnet. Additionally, the number of workshops in which drilling presses are used is growing due to the fast development of the manufacturing sector and this factor drives the worldwide demand for Bonded Magnet. Small-scale businesses often buy Bonded Magnet from distributors on the free market. The global demand for Bonded Magnet is expanding rapidly due to the large use of Bonded Magnet by small-scale industries worldwide.
Two major kinds of Bonded Magnet are available: power feed drilling presses and handheld drilling presses. Presses for power feed drilling are heavy and large in scale.

The main focus of this research report is to through the light on the locally and internationally competing players, their performance graph in the past, and their potential in the future. Interestingly, the Market study presents strategies implemented the key players for promoting their products and services in international Markets, along with demand forecasting, related information on Market share, Market size, anticipated GDP, and more. The report details the current export and import conditions, products traded and manufactured, growth trends, identifies new Markets, potential products for business expansion, existing concerns in the Bonded Magnet Market including trade restrictions and other, operational challenges and constraints hindering the growth of the Market.


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Bonded Magnet Market Scope:

 

Global Bonded Magnet Market, By Product Analysis

• Rare Earth Magnets
o Isotropic
o Anisotropic
• Ferrite
o Plastic Ferrite
o Rubber Ferrite
• Hybrid
Global Bonded Magnet Market, By Process Analysis

• Calendaring
• Injection Molding
• Extrusion
• Compression
Global Bonded Magnet Market, By Application Analysis

• Automotive
• Electrical Electronics
• Industrial
• Others (Medical, Power Generation etc.)
Global Bonded Magnet Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East Africa
• South America


Report is a compilation of UpToDate information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent Market trends, macro-economic indicators, and governing factors, along with Market attractiveness as per segment. The report also maps the qualitative impact of various Market factors on Market segments and geographies.


Bonded Magnet Market Key Players:

• Alliance LLC
• Advanced Technology Materials Co., Ltd.
• Adams Magnetic Products Co.
• Arnold Magnetic Technologies
• Xiamen Yuxiang Magnetic Materials Ind. Co., Ltd.
• Allstar Magnetics
• Arnold Magnetic Technologies
• VACUUMSCHMELZE GmbH Co. KG
• Neo Magnequench
• Stanford Magnets
• Viona Magnetics
• Magnequench International
• DEXTER MAGNETIC TECHNOLOGIES
• Evitron Sp. z o.o.
• MS-Schramberg GmbH Co. KG
• RHEINMAGNET Horst Baermann GmbH

Bonded Magnet Market Segmentation:

 

The primary advantage of bonded magnets over its sintered counterpart is the promising mechanical performance. Two facts lead to increases in the rare earth magnets amount in the market in recent years are an increase in total energy product, as a basic standard of magnetic materials quality and cost-efficiency. The main reason could be the high cost of ceramic ferrite magnets. Ferrites are still dominant magnetic material in the market, but bonded magnets are becoming increasingly important and required, because of their advanced magnetic properties. Flexible bonded magnets are often used for advertising purposes, for instance as magnets for the fridge. While this looks like a secondary application of bonded magnets, it shows their characteristics to be ultra-thin and printable on a variety of images and text.

Broadly used bonded magnets have become an important part of several electrical devices necessary for everyday life. Very good magnetic and mechanical performances are utilized in many apparatus, such as hard discs, scanners, DVD CD drivers, different types of sensors, automatic office tools, automotive parts, spindle motors, magnetic bearings, and other applications. Bonded magnets produced by the extrusion method can be used as reprographic magnetic rollers or brushes with a set of required performances. Injected bonded magnets are used primarily in the automotive industry.

Regional Analysis:
1. Asia-Pacific (Vietnam, China, Malaysia, Japan, Korea, Thailand, India, Philippines, Indonesia, and Australia)
2. Europe (Turkey, Russia UK, Italy, Germany, France, etc.)
3. North America (the United States, Mexico, and Canada.)

4. South America (Brazil etc.)
5. The Middle East and Africa (Egypt and GCC Countries.)

PESTEL Analysis:
Report provided by Maximize Market Research gives PESTEL Analysis which helps you in designing the business strategies. Political factors will determine the extent to which a government may influence the Bonded Magnet Market. Economic factors tell you in analysing determinants to economy’s performance that impacts Bonded Magnet Market. Social factors help in planning Marketing analytics and strategies. Legal factors focus on understanding effect of the surrounding environment and the influence of ecological aspects for Bonded Magnet Market.
Reasons for Investing in this Report:
• The report gives a better understanding of the current situation of the Market, and studies external and internal factors affecting the industry.
• The report conducts a SWOT analysis on the Market which helps identifying strengths, weaknesses, threats, challenges, and competitive Markets underlying the Market.
• The report measures the performance of Bonded Magnet Market on economic indicators such as production, annual sales, and total revenue, Market size, total CAGR, annual GDP, and different parameters like investment opportunities and more in the Market which helps to understand the Market situation more clearly.


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