As per a report by Transparency Market Research pertaining to global bonded magnets market the growing demand for bonded magnets in several industrial verticals such as manufacturing, healthcare and automotive industry, the market is expected to witness a substantial growth. It is because of these reasons the market is projected to witness a substantial 7% CAGR in the duration of 2017 to 2025, says the report. Additionally, the experts at Transparency Market Research states that the market is anticipated to reach to the value of US$ 2.5 bn by the end of the projected duration.
Fragmented Market to Witness Fierce Competition
At present the global bonded market is highly fragmented and is witnessing a tough competition between the players. This completion among the players is to acquire a noticeable position in the market. To maintain their dominance in the global bonded magnets market, the players are merging, collaborating, and partnering with the several other businesses.
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However, this competition also results in in escalated growth of the global bonded magnets market. This is because, to overcome the competition, the players are launching new and innovative products that can help them acquire new customers and retain existing ones. Furthermore, the competition amongst the players is also resulting in hiked up research and development that is aiding the player to gain momentum in the global bonded magnets market.
Aggressive Manufacturing of 3D Printing Tools
One of the major factor that is boosting the growth of global bonded magnets market is the pacing development of 3D printing machines. These machines use bonded magnets extensively to hold the sample and printing material in position. Moreover, majority of the products are built using 3D printers. These printers are highly beneficial in automotive industry where production of car parts with precise specifications is a must. These printers allow the manufacturers to print the parts in a cost-effective manner and much more quickly. Due to this advantage the 3D printers are is such demands. Since 3D printers uses bonded magnets at a large scale, the demand for these printers is influencing the growth of global bonded magnet market from 2017 – 2025.
Hybrid Magnets Emerging as a Leading Segment
On the basis of type, the global bonded magnets market is segmented into hybrid, rare earth, and ferrite magnets. Out of these three, the hybrid segment is expected to emerge as one of the most profitable segment in the projected time frame. Due to its advantages such as cost effectiveness, easy availability, and easy maintenance, this type of bonded magnets find major applications in industries. Due to this the segment accounts for a major share in the global bonded magnets market and is anticipated to maintain its position throughout the forecast period.
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Electronic Appliance in Application Category to be the Largest Revenue Driver
Based on applications the global bonded magnets market shall generate major profit from electronic segments. This is because of the growing demand for appliances such as refrigerators, fan motors, frictionless bearings, and hand tool motors. Due to the growing demand for these appliances in domestic and industrial application, the electronic segment is anticipated to dominate the application category of global bonded magnets market between 2017 and 2025.
Asia Pacific to Dominate the Regional Front
On geographical terms, Asia Pacific is expected to dominate over other regions of the global bonded magnets market. This dominance is attributed to factors such as growth of domestic electronic appliances in India and China. Additionally, as a result of growing industrialization the magnets are extensively used in automotive and manufacturing industry in these countries. As a result of these developments, Asia Pacific is expected to hold the largest share in the growth of global bonded magnets market from 2017 to 2025.
The study presented here is based on a report by Transparency Market Research (TMR), titled, “Bonded Magnet Market (Product - Rare-earth Bonded Magnets (Isotropic and Anisotropic), Ferrite (Plastic and Rubber), and Hybrid; Process - Calendaring, Extrusion, Injection Molding, and Compression; Application - Automotive, Electrical & Electronics, Industrial, Medical, and Power Generation) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”
Explore Transparency Market Research’s award-winning coverage of the global (Chemicals and Materials) Industry
Polymer Bonded Magnet market is segmented by region, by country, company, type, application and by sales channels.
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The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.Segment by Type, the Polymer Bonded Magnet market is segmented into:Injection magnetPressed magnetDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/62220/global-polymer-bonded-magnet-2020-2026-988Segment by Application, the Polymer Bonded Magnet market is segmented into:AutomobileElectrical and ElectronicsHousehold appliancesMedical and Healthcare equipmentRegional and Country-level Analysis:North AmericaUnited StatesCanadaAsia-PacificChinaJapanSouth KoreaIndiaSoutheast AsiaAustraliaRest of Asia-PacificEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesRest of EuropeLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaTurkeySaudi ArabiaUAERest of MEACompetitive Landscape and Polymer Bonded Magnet Market Share Analysis:Polymer Bonded Magnet market competitive landscape provides details and data information by companies.
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Details included are company description, major business, Polymer Bonded Magnet product introduction, recent developments, Polymer Bonded Magnet sales by region, type, application and by sales channel.The major companies include:Galaxy MagnetsZhong Ke San HuanDaido ElectronicsMagnequench InternationalIMANINGBO YUNSHENGArnold Magnetic.
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The disease has now spread to almost every country throughout the globe leading it to be called as a huge challenge by World Health Organisation, but at the same extent it has brought some opportunities for the market players competing in the Rare-earth Bonded Magnet market those opportunities are also mentioned in the report in extensive manner.
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The Global Bonded Magnet Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
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The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the COVID-19 Impact and Recovery on this industry.Browse the complete Global Bonded Magnet Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/31753-bonded-magnet-market-report The report also covers the complete competitive landscape of the global Bonded Magnet market with company profiles of key players such as: Advanced Technology MaterialsAllianceXiamen Yuxiang Magnetic MaterialsAllstar MagneticsArnold MagneticVACUUMSCHMELZENeo MagnequenchStanford MagnetsViona MagneticsThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By TypeRare Earth Bonded MagnetsFerrite Bonded MagnetsHybrid Bonded MagnetsBy ApplicationAutomotiveElectrical & ElectronicsIndustrialMedicalPower GenerationBy GeographyNorth America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Bonded Magnet Market @ https://www.decisiondatabases.com/contact/download-sample-31753The Global Bonded Magnet Market has been exhibited in detail in the following chapters –Chapter 1 Bonded Magnet Market PrefaceChapter 2 Executive SummaryChapter 3 Bonded Magnet Industry AnalysisChapter 4 Bonded Magnet Market Value Chain AnalysisChapter 5 Bonded Magnet Market Analysis By TypeChapter 6 Bonded Magnet Market Analysis By ApplicationChapter 7 Bonded Magnet Market Analysis By GeographyChapter 8 Competitive Landscape Of Bonded Magnet CompaniesChapter 9 Company Profiles Of Bonded Magnet IndustryPurchase the complete Global Bonded Magnet Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-31753Other Reports by DecisionDatabases.com:Global Bonded NdFeB Magnet Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Hoisting Magnets Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Superconducting Magnets Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
