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Magnetic Plastic Market worth $2.30 billion by 2030, growing at a CAGR of 4.41% - Exclusive Report by 360iResearch
Magnetic Plastic Market | 360iResearch
The Global Magnetic Plastic Market to grow from USD 1.70 billion in 2023 to USD 2.30 billion by 2030, at a CAGR of 4.41%.
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Magnetic plastics consist of a wide range of synthetic and semi-synthetic compounds, which are malleable and can easily be molded into solid objects. Magnetic plastics are made from an organic polymer and have a superior cost-performance ratio, and can be produced in various shapes and sizes. The increasing demand for magnetic plastics from electronics, medical, and home appliance industries and rising R&D in magnetic polymer nanospheres for their cost-effective application in drug delivery is increasing the utilization of magnetic plastics. However, fluctuating prices of raw materials and shortage of rare earth elements impede the adoption of magnetic plastics. In addition, companies focused on technological development to reduce weight and improve ignition efficiency in automobiles by using magnetic plastics.
The Asia-Pacific region portrays a developing landscape for the magnetic plastic market owing to the rapid industrialization and increasing investments in various industries in the region. The ongoing trend of industry 4.0 and automation across manufacturing is expected to create a platform for the growth of the magnetic plastics market in Asia-Pacific. Japan Society 5.0, Industry 4.0 Testlabs in Australia, Made in China 2025, Smart Advanced Manufacturing and Rapid Transformation Hub (SAMARTH) Udyog Bharat 4.0 in India, and Industry 4.0 Demonstration Network in New Zealand are initiated by the government in Asia-Pacific region to assist the automation of manufacturing industries. The continuous expansion in the consumer electronic and food industry in UK, Germany, and France is contributing to the growth of the magnetic plastics market in Europe. Magnetic plastics usage is estimated to rise as the output of personal computers, mobiles, and generators rises. Moreover, spending on the production of high-speed motor systems is projected to boost the demand for magnetic plastics in Europe.
Market Segmentation & Coverage:
This research report categorizes the Magnetic Plastic Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Ferrite Bonded and NdFeB Bonded. The Ferrite Bonded is projected to witness significant market share during forecast period.
Based on Process, market is studied across Over-injected and Pressed. The Over-injected is projected to witness significant market share during forecast period.
Based on Application, market is studied across Electrical & Electronics, Healthcare Devices, and Packaging & Labelling. The Electrical & Electronics is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Magnetic Plastic Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Magnetic Plastic Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Magnetic Plastic Market, highlighting leading vendors and their innovative profiles. These include AMF Magnets, Arnold Magnetic Technologies, Ashvini Magnets Pvt. Ltd., Bomatec AG, Bunting Magnetics Co., Dexter Magnetic Technologies, Eclipse Magnetics Ltd. by Spear & Jackson Group, Evitron Sp. z o.o., Goudsmit Magnetics Groep B.V., High-Mag Technology (Shenzhen) Co., Ltd., Ingeniería Magnética Aplicada, Jai Mag Industries, Magma Magnetic Technologies, Magnaplast Technologies (India) Private Limited, MS-Schramberg GmBH & Co. KG, Ningbo Bestway Magnet Co., Ltd, Ningbo Newland Magnetics Group, Sagami Chemical Metal Co., Ltd., SDM Magnetics Co., Ltd., Sura Magnets AB, TDK Corporation, Tengye Magnetic Materials Co., Ltd., ThyssenKrupp AG, Tokyo Ferrite Mfg. Co., Ltd., Viona Magnetics, and Xiamen Linkup Magnet Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Magnetic Plastic Market, by Type
7. Magnetic Plastic Market, by Process
8. Magnetic Plastic Market, by Application
9. Americas Magnetic Plastic Market
10. Asia-Pacific Magnetic Plastic Market
11. Europe, Middle East & Africa Magnetic Plastic Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Magnetic Plastic Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Magnetic Plastic Market?
3. What is the competitive strategic window for opportunities in the Magnetic Plastic Market?
4. What are the technology trends and regulatory frameworks in the Magnetic Plastic Market?
5. What is the market share of the leading vendors in the Magnetic Plastic Market?
6. What modes and strategic moves are considered suitable for entering the Magnetic Plastic Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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