Press release
Magnetic Polymer Market to partake significant development during 2022-2031
โข The global magnetic polymer market was valued at US$ 37.8 Mn in 2021
โข It is estimated to grow at a CAGR of 8.1 % from 2022 to 2031
โข The global magnetic polymer market is expected to reach US$ 66.1 Mn by the end of 2031
๐๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ - https://www.transparencymarketresearch.com/magnetic-polymer-market.html
๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ๐ฌ' ๐๐ข๐๐ฐ๐ฉ๐จ๐ข๐ง๐ญ ๐จ๐ง ๐๐๐ ๐ง๐๐ญ๐ข๐ ๐๐จ๐ฅ๐ฒ๐ฆ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ง๐๐ซ๐ข๐จ
Magnetic polymers offer an array of industrial applications, as they are used in small motors, probes, and sensors in the automotive industry. Rise in usage of magnetic polymer can be ascribed to its ability to reform into various shapes. The polymer is suitable for multi-pole magnetization. Manufacturers are focused on R&D in magnetic polymer nanospheres for their cost-effective application in drug delivery. Small magnetic parcels could deliver drugs to exactly where they are needed, controlled by an external magnetic field. Companies are also emphasizing on collaborating with universities for R&D in various uses of magnetic polymers. Increase in application of magnetic polymers is expected to provide lucrative opportunities to manufacturers operating in the global magnetic polymer market.
๐๐๐ญ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84887
๐๐ข๐ ๐ก ๐๐๐ ๐ง๐๐ญ๐ข๐ ๐๐๐ซ๐๐จ๐ซ๐ฆ๐๐ง๐๐ ๐๐ง๐ ๐๐จ๐ฐ ๐๐จ๐ฅ๐ฎ๐ฆ๐ & ๐๐๐ข๐ ๐ก๐ญ ๐๐ซ๐จ๐ฉ๐๐ฅ๐ฅ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐๐ ๐ง๐๐ญ๐ข๐ ๐๐จ๐ฅ๐ฒ๐ฆ๐๐ซ ๐ข๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
Complexity in electrical control systems of vehicles has increased, as automotive companies are responding to the need to manufacture vehicles that use less fuel and emit lower carbon. This has led to widespread application of magnetic polymers in the manufacture of automotive actuators and drives. In turn, this has increased the need to produce magnetic polymers, which can be fabricated with complex shapes and geometries.
Magnetic polymer beads and nanoparticles are under R&D for their usage in cancer treatment and drug delivery. Various studies are focusing on improving the magnetic properties of polymers and drug carriers; and developing technologies for cost-effective scale-up of magnetic systems. Hybrid nanomaterials based on bifunctional proteins, conducting polymers, biopolymers, etc. offer potential for diagnosis and treatment of serious diseases including cancer. High potential of polymer-assisted magnetic assemblies in diagnosis and treatment of serious diseases can be ascribed to their controllable magnetic properties and collective functions.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=84887
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐จ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ ๐ง๐๐ญ๐ข๐ ๐๐จ๐ฅ๐ฒ๐ฆ๐๐ซ ๐๐๐ซ๐ค๐๐ญ
Asia Pacific accounted for major share of the global magnetic polymer market in 2021. The region is expected to continue its dominance during the forecast period. This can be ascribed to the increase in production and usage of magnetic polymers in China. The country has abundant reserves of rare earth metal deposits, which are used in the production of magnetic polymers.
North America and Europe are also key regions of the global magnetic polymer market. These regions held 9.8% and 14.1% share, respectively, of the global magnetic polymer market in 2021. In terms of volume, Middle East & Africa is the larger market for magnetic polymer compared to Latin America. The market in Latin America is expected to grow at a lower rate compared to that in Middle East & Africa during the forecast period.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=84887
Analysis of Key Players in Magnetic Polymer Market
The global magnetic polymer market is highly competitive, with the presence of several small- and medium-scale manufacturers such as Thyssenkrupp AG, Sura Magnets AB, Bomatec AG, Hengdian Group DMEGC Magnetics Co. Ltd, MS-Schramberg GmbH & Co. KG, Sinomag, s.r.o., and BINIC MAGNET Co., Ltd. Most of the firms are adopting new technologies and strategies with comprehensive research and development activities. Expansion of product portfolios and mergers and acquisitions are prominent strategies adopted by key players.
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ
Rohit Bhisey
Transparency Market Research Inc.
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