Bonded Magnet Market size was valued at US$ 2.41 Bn. in 2022. Automotive Application is expected to dominate the post COVID era for Bonded Magnet Market.
The analysis is based on in-depth research and data collection, utilizing a variety of sources and methods to provide a comprehensive overview of the Bonded Magnet Market.
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Bonded Magnet Market Dynamics:
- The growing use of bonded magnets in the automotive industry, driven by their lightweight features, is expected to fuel market expansion.
- High-performance magnets, such as rare-earth materials, are driving growth in industries like electric vehicles, wind turbines, and electronics.
- Bonded magnets find extensive applications in electronic devices, including microphones, headphones, speakers, cell phones, printers, and hard drives, contributing to market growth.
- Bonded magnets offer a cost-effective alternative to sintered magnets, and their demand remains high, even during the pandemic.
- According to the International Magnetics Association (IMA), bonded magnets accounted for 65% of HDD and SSD manufacturing in 2022, despite lockdown restraints in the APAC region.
- Bonded magnets have gained significance in data storage, particularly in hard disc drives (HDDs), which consume substantial quantities of neodymium (NdFeB) bonded magnets annually.
Bonded Magnet Market Regional Insights:
- Europe dominates the Global Perfume and Fragrance market, projected to hold the largest market share by 2029.
- Rising disposable income and heightened personal hygiene awareness contribute to Europe’s growth.
- Asia Pacific is expected to grow rapidly, driven by countries like China, Japan, and South Korea.
- Pocket perfumes gain popularity in the region.
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Bonded Magnet Market Segmentation:
by Product Type
• Ferrite Magnets
• Rare Earth Magnets
o NdFeB
o SmCo
• Others (Alnico, SmFeN, Hybrids)
by Application
• Sensors
• Level Gauges
• Motors
• Instrument Panels
• Fuel Filters
• HDD (Hard Disk Drives)
• Copier Rotors
Bonded Magnet Market Key Players:
• 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
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Table of content for the Bonded Magnet Market includes:
- Global Bonded Magnet Market: Research Methodology
- Global Bonded Magnet Market: Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Bonded Magnet Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- MA by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size and Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by growth and trend
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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