European Bonded Magnet Market Holds The Second Position In The Global Market, And Is Anticipated To Gain 109 BPS At A CAGR Of 7.3% By 2032
The European bonded magnet market refers to the industry that produces and sells bonded magnets in Europe. Bonded magnets are a type of permanent magnet made by mixing magnetic powders with a binder such as epoxy or plastic. They are used in a wide range of applications including automotive, electronics, medical devices, and renewable energy. The European bonded magnet market is expected to grow in the coming years, driven by the increasing demand for bonded magnets in various industries. The market is highly competitive with a number of players operating in the region. Some of the major companies operating in the European bonded magnet market include Arnold Magnetic Technologies, VACUUMSCHMELZE GmbH & Co. KG, Dexter Magnetic Technologies, Inc., and Neo Performance Materials Inc.
The market is segmented based on type, application, and geography. Based on type, the market can be segmented into ferrite, rare earth, and others. Based on application, the market can be segmented into automotive, electronics, medical devices, and renewable energy. Geographically, the market can be segmented into Western Europe and Eastern Europe. Factors such as increasing demand for electric vehicles, the growth of the wind energy industry, and the increasing demand for consumer electronics are expected to drive the growth of the European bonded magnet market. However, the market is also subject to certain challenges such as the availability of raw materials and the high cost of production.
Overall, the European bonded magnet market is expected to grow in the coming years, driven by the increasing demand for bonded magnets in various industries.
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Key findings of the Bonded Magnet market study:
- The report provides a present market outlook on Bonded Magnet. Additionally, the Bonded Magnet market share is anticipated to grow with a CAGR of 7.8% in the forecast period.
- Regional breakdown of the Bonded Magnet market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Bonded Magnet vendors in detail.
- Region-wise and country-wise fragmentation of the Bonded Magnet market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Bonded Magnet market.
- Bonded Magnet price, market share, and Trends forecast for assessment period 2022-2032
What is the North America Bonded Magnet Business Scenario?
The North America bonded magnet market refers to the industry that produces and sells bonded magnets in the North American region. Bonded magnets are a type of permanent magnet made by mixing magnetic powders with a binder such as epoxy or plastic. They are used in various industries such as automotive, electronics, medical devices, and renewable energy. The North America bonded magnet market is expected to grow in the coming years, driven by the increasing demand for bonded magnets in various applications. The market is highly competitive with a number of players operating in the region.
The market is segmented based on type, application, and geography. Based on type, the market can be segmented into ferrite, rare earth, and others. Based on application, the market can be segmented into automotive, electronics, medical devices, and renewable energy. Geographically, the market can be segmented into the United States and Canada. The North America bonded magnet market is expected to benefit from the increasing demand for electric vehicles, the growth of the wind energy industry, and the increasing demand for consumer electronics. However, the market is also subject to certain challenges such as the availability of raw materials and the high cost of production.
Overall, the North America bonded magnet market is expected to grow in the coming years, driven by the increasing demand for bonded magnets in various industries. The region is expected to continue to be a major market for bonded magnets due to its advanced manufacturing capabilities and technological advancements in various industries.
Competitive landscape analysis
The worldwide bonded magnet market is somewhat concentrated. There are major market players with significant financial clout and global distribution networks. Key worldwide firms own 15% to 20% of the market, while other small and medium-sized businesses have 80% to 85%. To scale up their expansion, key firms have used numerous techniques such as mergers and acquisitions, partnerships, and so on. Bonded magnet providers use new product development as a significant approach to increase their market presence among customers.
In a newly published analysis, Fact.MR presented thorough information on the pricing points of top bonded magnet manufacturers positioned across geographies, sales growth, manufacturing capacity, and speculative technical advancement.
As an example:
- Arnold Magnetic Technologies bought Ramco Electric Motors Company on March 2, 2021. This purchase will help the firm accomplish its strategic goals of providing engineered solutions and novel materials that enable clients to build next-generation technologies.
- Ningbo Newland Magnet Industry Co. Ltd. will introduce a type of bonded magnet that can be utilised with 5G technology in 2020, ensuring that ferrite and samarium-cobalt magnets can deliver the performance necessary in 5G applications.
Some of the leading companies operating in the market are :
- TDK Corporation
- Hitachi Metals, Ltd.
- Ningbo Yunsheng Co. Ltd.,
- Advanced Technology Materials Co. Ltd.
- Magnequench International, LLC
- SDM Magnetics Co., Ltd.
- Ningbo Newland Magnet Industry Co., Ltd.
- Arnold Magnetic Technologies,
- Mate Co., Ltd.
- Evitron Sp. z o.o.
- MMC Magnetics Corp
- RHEINMAGNET Horst Baermann GmbH.
- Dura Magnetics, Inc.
- Adams Magnetic Products
- National Imports, LLC
- Super Magnet Co., Ltd.
- Galaxy Magnets
- Daido Electronics Co., Ltd.
- Shanghai San Huan Magnetics Co., Ltd.
- MP Material
- Other Key Players
What insights does the Bonded Magnet report provide to the readers?
- Bonded Magnet fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Bonded Magnet
- Various regulations imposed by the governments on the consumption of Bonded Magnet in detail.
Bonded Magnet Industry Research by Segments
- By Product Type:
- Rare Earth Magnets
- NdFeB
- SmCo
- Bonded Ferrite Magnets
- Others
- Rare Earth Magnets
- By Process Type:
- Injection Molded
- Compression
- Calendaring
- Extrusion
- By Application:
- Sensors
- Motors
- Hard Disk Drives
- Level Gauges
- Instrument Panels
- Copier Rotors
- Fuel Filters
- Magnetic Couplings
- By End Use:
- Automotive
- HVAC Equipment
- Medical Devices
- Cameras
- Consumer Electronic Appliances
- Computers and Magnetic Storage Devices
- Electrical Equipment
- Measurement Instruments
- Printer and Copiers
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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