Bonded Magnet Market Recent Developments, Research Analysis Forecast (2022 to 2032)

The global bonded magnet market is estimated at US$ 5.1 Billion in 2022, and is forecast to reach a valuation of US$ 10.9 Billion by 2032, expanding at an impressive CAGR of 7.8% from 2022 to 2032.Worldwide sales of bonded magnets account for around 14% share of the total market valuation of the global magnet market, which is projected to increase at a CAGR of 6.9% over the forecast period of 2022 to 2032.

Report Attributes

Details

Bonded Magnet Market Size (2021A)

US$ 4.7 Billion

Estimated Year Value (2022E)

US$ 5.1 Billion

Projected Market Value (2032F)

US$ 10.9 Bn

Global Market Growth Rate (2022 to 2032)

7.8% CAGR

East Asia Market Share (2021)

~40.3%

East Asia Growth Rate (2022 to 2032)

8.8% CAGR

Collective Value Share (USA, China, Germany, and India) (2021): Top 4 Countries

~53%

Market Share of Top 5 Companies (2021)

~26%

Key Companies Profiled

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

For more insights into the Market, Request a Sample of this Report:https://www.factmr.com/connectus/sample?flag=S&rep_id=7176

Country-wise Insights

What is the North America Bonded Magnet Business Scenario?

The North American bonded magnet market is a prominent shareholder in the global landscape. It has created tremendous growth opportunities in the last few years and has accounted for high bonded magnet consumption. This is due to increased investments in technology and higher consumer spending on cell phones and electronic vehicles in the region.

Overall, the bonded magnet market in North America is likely to see evolution with rising consumer inclination towards electronic products. It is projected to lose nearly 121 BPS and offer US$ 686 Mn opportunity by the end of 2032.

Which Region Accounts for Higher Demand for Bonded Magnets?The Asia Pacific region has been bifurcated into two sub-regions - East Asia and South Asia & Oceania bonded magnet trade. The East Asia bonded magnet market is the largest from a manufacturing as well as consumption perspective. It holds nearly 2/5 market share of the global bonded magnet business.The Chinese bonded magnet market accounts for 3/4 of the East Asian market in 2022. It is set to create an absolute $ opportunity of around US$ 2.3 Bn during 2022 & 2032.

Competitive Landscape: Top Companies in Bonded Magnet MarketThe global bonded magnet market is moderately consolidated in nature. There exist big players in the market with huge financial muscle and distribution networks spread across the globe. Key global players account for 15% to 20% of the market share, whereas, other small- and medium-sized players account for 80% to 85%.Key companies have adopted various strategies such as mergers & acquisitions, partnerships, etc., to upscale their growth. New product development is a key strategy that bonded magnet suppliers are resorting to expand their market presence among consumers.

Browse Full Report: https://www.factmr.com/report/bonded-magnet-market

Bonded Magnet Industry Research by Segments

·     By Product Type:

o    Rare Earth Magnets

§  NdFeB

§  SmCo

o    Bonded Ferrite Magnets

o    Others

·     By Process Type:

o    Injection Molded

o    Compression

o    Calendaring

o    Extrusion

·     By Application:

o    Sensors

o    Motors

o    Hard Disk Drives

o    Level Gauges

o    Instrument Panels

o    Copier Rotors

o    Fuel Filters

o    Magnetic Couplings

·     By End Use:

o    Automotive

o    HVAC Equipment

o    Medical Devices

o    Cameras

o    Consumer Electronic Appliances

o    Computers and Magnetic Storage Devices

o    Electrical Equipment

o    Measurement Instruments

o    Printer and Copiers

·     By Region:

o    North America

o    Latin America

o    Europe

o    East Asia

o    South Asia & Oceania

o    MEA 

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