Magnetic Plastics Market: Growing Market Trends with Technology Development Analysis by 202

Magnetic plastics are a type of plastic bonded magnets made from embedding the hard ferrite or rare earth magnets powder in a molded plastic. They come under non-metallic magnets and more likely to be bio-compatible due to which they can be used in biological systems. Magnetic plastics have their major applications in electronic media such as hard disk drives, speakers, packaging & labeling solutions, and healthcare devices such as pacemaker. The usage of magnetic plastics in electrical & electronics products is largely due to the cheap price and it is easily suitable for the size. The use of magnetic plastics reduces the cost of overall material and weight.

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North America is the second major consumer of the global magnetic plastics market owing to the large healthcare industry. Europe and Middle East & African countries are expected to show high growth rate during the forecast period due to increasing acceptance and industrialization in respective regions.

Magnetic plastics based on ferrite magnetic powder have higher demand due to easy availability and low price. On the other hand, magnetic plastics based on neodymium-iron-boron (NdFeB) magnetic powder have a limited market share due to the high price of neodymium metal. Apart from these two, modern technologies are developing a new kind of magnetic plastics, which are completely made from an organic polymer with no metallic components. This will create an opportunity for novel applications ensuring improved stability and compatibility.

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Table of Contents

1 Report Outline
1.1 Introduction
1.2 Report Scope
1.3 Market Definition
1.4 Research Methodology
1.4.1 Data Collation & In-House Estimation
1.4.2 Market Triangulation
1.4.3 Forecasting
1.5 Study Declarations
1.6 Report Assumptions
1.7 Stakeholders

2 Executive Summary
2.1 Asia Pacific Continues to Dominate the Magnetic Plastics Market
2.2 Electrical & Electronics Increasing its Lead with High Growth Coming from Developing Countries

3 Market Positioning
3.1 Total Addressable Market (TAM) : Rare Earth Permanent Magnet
3.1.1 Market Overview
3.2 Segmented Addressable Market (SAM)
3.3 Related Markets

4 Market Outlook
4.1 Overview
4.2 Value Chain Analysis
4.3 PESTLE Analysis
4.4 Porter 5 (Five) Forces
4.5 Patent Analysis

5 Market Characteristics
5.1 Market Segmentation
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing technological advancements across the application areas is driving the market demand for magnetic plastics
5.2.1.2 Adaptability of the magnetic plastics in emerging economies and increasing demand from end-user industries are expanding the potential opportunities
5.2.2 Restraints
5.2.2.1 Variations in the prices of raw materials can restrain its growth
5.2.2.2 Changing geo-political structure and economic dynamic of various countries can affect the growth of polymer-based bonded magnets
5.2.3 Opportunities
5.2.3.1 Innovations that are reducing the dependency on rare earth magnet materials
5.2.3.2 Growth in electronics and itroduction of novel application areas
5.2.4 DRO - Impact Analysis

6 Type: Market Size and Analysis
6.1 Overview
6.2 Ferrite Bonded Magnetic Plastics
6.3 NdFeB Bonded Magnetic Plastics
6.4 Vendor Profiles
6.4.1 Hitachi Metals, Ltd.
6.4.2 VACUUMSCHELZE (OM GROUP)
6.4.4 Daido Steel Co., Ltd.
6.4.5 ThyssenKrupp AG

7 Application: Market Size and Analysis
7.1 Overview
7.2 Electrical & Electronics
7.3 Packaging & Labeling
7.4 Healthcare Devices
7.5 Customer Profile
7.5.1 Toshiba Corporation
7.5.2 TDK Corporation

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