Global Bonded Magnet Market Size, Trends, and Growth Opportunity, By Product Type (Rare Earth bonded Magnets, Ferrite Bonded Magnets, Hybrid Bonded Magnets), By Application (Electrical and Electronics, Automotive and Transportation, Industrial, Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Bonded Magnet Market
The Global Bonded Magnet Market was valued at USD 1.9 billion in 2021 which is expected to reach USD 3.4 billion by 2027, at a CAGR of 9.24% from 2022-2027.
A bonding magnet is complex and is made up of magnetic powder, adhesive, and the necessary additives. Its properties are primarily determined by the average properties of each magnetic particle with negligible interactions.
Bonded magnets play an essential role in the field of rare earth permanent magnets due to their high material utilization, precise size, good performance consistency, and complex shape.
Market Drivers
The global bonded magnet market is mainly driven by the demand in various industries, especially the electronics industry. Bonded magnet is a main component in the manufacturing of various electronic products such as mobile phones, hard disks, scanners, HVAC, computer hardware components, and others. Thus, the growth of the electrical & consumer electronics industries is anticipated to be a significant factor in the growth of the global bonded market.
Bonded magnets are also helpful in creating multifunctional hybrid structures and devices. 3-dimensional magnet structures can be printed and cured at a temperature of 100C without affecting their magnetic properties. These new applications also drive the demand for the market.
Market Restraints
The bonded magnet market can face restraints due to the presence of efficient alternatives like sintered magnets. Sintered magnets are considered a better option due to the lack of temperature limits and higher magnetism as compared to bonded magnets.
Moreover, high costs are involved in the extrusion and modeling process of bonded magnets.
Market Segmentation
The global bonded magnet market is segmented into product types of rare earth bonded magnets, ferrite bonded magnets, and hybrid bonded magnets.
Further, the market is segmented into applications of electrical and electronics, automotive and transportation, industrial, and others.
Regional Analysis
The global market for bonded magnetic is projected to dominate by the Asia-Pacific region. This is due to the region's abundant supply of rare-earth metals including neodymium, samarium, and dysprosium.
Moreover, the APAC region will also witness high growth due to the production of semiconductor chips and products like hard discs and other storage devices.
Key Players
Alliance LLC, Advanced Technology & Materials Co., Ltd., Xiamen Yuxiang Magnetic Materials Technology Co. Ltd, Allstar Magnetics, Arnold Magnetic Technologies., Hitachi, Ltd., Magnequench International, Viona Magnetics., Dexter Magnetic Technologies., MS-Schramberg GmbH & Co. KG, Rheinmagnet Horst Baermann GmbH, and Others.
Market Taxonomy
By Product Type
• Rare Earth bonded Magnets
• Ferrite Bonded Magnets
• Hybrid Bonded Magnets
By Application
• Electrical and Electronics
• Automotive and Transportation
• Industrial
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Bonded Magnet Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Bonded Magnet Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Bonded Magnet Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Bonded Magnet Market Share Analysis, By Product Type
5.3 Global Bonded Magnet Market Size and Forecast, By Product Type
5.3.1 Rare Earth bonded Magnets
5.3.2 Ferrite Bonded Magnets
5.3.3 Hybrid Bonded Magnets
6 Global Bonded Magnet Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Bonded Magnet Market Share Analysis, By Application
6.3 Global Bonded Magnet Market Size and Forecast, By Application
6.3.1 Electrical and Electronics
6.3.2 Automotive and Transportation
6.3.3 Industrial
6.3.4 Others
7 Global Bonded Magnet Market, By Region
7.1 Global Automotive Steering System Market Share Analysis, By Region
7.2 Global Automotive Steering System Market Size and Forecast, By Region
8 North America Bonded Magnet Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Bonded Magnet Market Share Analysis, By Product Type
8.3 North America Bonded Magnet Market Size and Forecast, By Application
8.4 North America Bonded Magnet Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Bonded Magnet Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Bonded Magnet Market Share Analysis, By Product Type
9.3 Europe Bonded Magnet Market Size and Forecast, By Application
9.4 Europe Bonded Magnet Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Bonded Magnet Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Bonded Magnet Market Share Analysis, By Product Type
10.3 Asia Pacific Bonded Magnet Market Size and Forecast, By Application
10.4 Asia Pacific Bonded Magnet Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia
11 Latin America Bonded Magnet Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Bonded Magnet Market Share Analysis, By Product Type
11.3 Latin America Bonded Magnet Market Size and Forecast, By Application
11.4 Latin America Bonded Magnet Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Bonded Magnet Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Bonded Magnet Market Share Analysis, By Product Type
12.3 Middle East Bonded Magnet Market Size and Forecast, By Application
12.4 Middle East Bonded Magnet Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
15.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Alliance LLC
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Advanced Technology & Materials Co., Ltd
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Xiamen Yuxiang Magnetic Materials Technology Co. Ltd
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Allstar Magnetics
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Arnold Magnetic Technologies
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Hitachi Ltd
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Magnequench International
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Viona Magnetics
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Dexter Magnetic Technologies
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 MS-Schramberg GmbH & Co. KG
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
14.11 Rheinmagnet Horst Baermann GmbH
14.11.1 Overview
14.11.2 Offerings
14.11.3 Key Financials
14.11.4 Business Segment & Geographic Overview
14.11.5 Key Market Developments
14.11.6 Key Strategies
