Press release
Bonded Magnet Market Post-COVID Era Sees Automotive Application Dominate, Valued at 2.41 Billion in 2022
Bonded Magnet Market
The Bonded Magnet Market is poised for sustained growth, largely driven by its increasing adoption in the automotive sector. The lightweight characteristics of bonded magnets make them an attractive choice for various automotive applications. Additionally, the demand for rare-earth high-performance magnets, crucial in the production of electric vehicles, wind turbines, and electronics, is a significant growth driver for the market. The versatility of bonded magnets is further evident in their widespread use in electronic devices, including microphones, headphones, speakers, cell phones, printers, and hard drives, contributing to the market's global expansion.
Moreover, the Bonded Magnet Market is expected to thrive due to its cost-effectiveness and superior performance compared to alternative magnetic solutions like sintered magnets. According to data from the International Magnetics Association (IMA), despite lockdown restrictions in 2022, bonded magnets captured a substantial 65% share in HDD (Hard Disk Drive) and SSD (Solid-State Drive) manufacturing. This significant market presence was primarily attributed to the availability and efficiency of bonded magnets in the Asia-Pacific (APAC) region, further underscoring their dominance and growth prospects in the industry. As industries continue to seek lightweight, efficient, and cost-effective magnetic solutions, the Bonded Magnet Market is anticipated to experience sustained expansion in the coming years.
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Bonded Magnet Market Dynamics:
The growing use of bonded magnets in the automotive industry due to its lightweight features is likely to fuel the Bonded Magnet Market's expansion throughout the forecast period. Furthermore, rare-earth high-performance magnets, which are employed in the manufacturing of electric vehicles, wind turbines, electronics, and other similar items, are driving market growth. As a result, as bonded magnets are extensively employed in electronic equipment including as microphones, headphones, speakers, cell phones, printers, and hard drives, the global Bonded Magnet Market is expected to grow.
Furthermore, due to their low cost and greater performance over alternatives such as sintered magnets, the market for bonded magnets is predicted to grow. According to International Magnetics Association (IMA), bonded magnets devised of 65% share in HDD and SSD manufacturing in 2022 despite the lockdown restraints owing to availability of the magnets in APAC.
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Bonded Magnet Market Regional Insights:
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
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What is 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
by Process
• Calendaring Bonded Magnets
• Injection Molded Bonded Magnets
• Extrusion Bonded Magnets
• Compression Bonded Magnets
by End Use Industry
• Medical Devices
• Cameras
• Consumer Electronic Appliances
• Automotive
• HVAC Equipment
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Who are 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
Table of content for the Bonded Magnet Market includes:
1. Global Bonded Magnet Market: Research Methodology
1. 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
3.Global Bonded Magnet Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A 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
4 . 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
• 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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