ALBANY, New York, August 16, 2017 /PRNewswire/ --
Transparency Market Research has published a new report titled
"Bonded Magnet (Product: Rare earth Bonded Magnet,
Ferrite Bonded Magnet, and Hybrid; Process: Calendaring, Extrusion,
Injection Molding, and Compression; End-user: Automotive,
Electrical & Electronics, Industrial, and Other End-users)
Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast, 2017-2025."
According to the report, the global bonded magnet market was valued
at US$ 1.37 Bn in 2015 and is
projected to reach US$ 2.50 Bn by
2025, expanding at a CAGR of 7.0% between 2017 and 2025.
Bonded magnets are magnets manufactured by combining magnetic
powders with polymeric materials such as rubbers, plastics, and
elastomers. Several processes are employed for the manufacture of
bonded magnets which include injection molding, calendaring,
extrusion, and compression bonding. Each process provides a
peculiar advantage over other and the use of these processes vary
according to the magnetic powder. Several magnetic powders are used
for production of bonded magnets namely NdFeB, SmCo, ferrite,
and/or combination of all. NdFeB and SmCo belong to the rare earth
category which are substantially powerful magnets and are used in
applications demanding better magnetic performance.
Primary advantage of bonded magnets over its sintered
counterpart is the promising mechanical performance. Bonded magnets
are manufactured by injection molding, compression, extrusion, and
calendaring processes, all of which provide excellent dimensional
tolerances in magnet production. This result in little to no
finishing operations, thus asking production cost. Furthermore,
bonded magnets can be manufactured in extensively intricate shapes.
Which implies to manufacture of finished assemblies, saving
assembly costs. Also, sintered magnets are never used as structural
members, on the other hand bonded counterparts can be used as
structural members in the system completely omitting the need for
housing and supports for magnets. These all parameters make bonded
magnets economical and pliant in several applications. Another
driver for bonded magnets is their ability to be calendared into
flexible sheets. These sheets find significant and irreplaceable
applications such as refrigerator door seals, magnetic advertising
sheets, and reprographic rolls, flexible print plates, sensors, and
gaskets.
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http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=29480
In terms of volume and value, electrical and electronics
application held a major share of bonded magnets market in 2016. It
was followed by automotive segment which was a prominent
application; use of bonded magnets in products such as motors,
crash sensors, rotational position sensors, tachometers, fuel
gauges, ignition magnets, etc. is most common in automotive
segment. The increasing use of bonded magnets in electrical and
electronics industry is rising substantially. Bonded magnets are
often imperative in electrical home appliances such as electric
shavers, mixers, grinders, blenders, refrigerators, televisions,
etc. as these magnets provide economical advantage over their
sintered counterpart.
In terms of volume and value, Asia
Pacific accounted for significant share of the bonded magnet
market in 2016 and is anticipated to lead the bonded magnet market
during the forecast period. However, Europe is anticipated to exhibit a significant
growth rate by 2025 due to sturdy automotive and consumer
electronics industry in the region. North
America also provides remarkable growth opportunities owing
to its consumer electronics and automotive industry.
Major companies operating in the bonded magnet market include
Arnold Magnetic Technologies, Allstar Magnetics, Alliance LLC, Neo
Magnequench, Viona Magnetics, etc.
The report provides comprehensive view of the bonded magnet
market in terms of volume and revenue. It includes current demand
analysis and forecast for product type, process and, application
segments in North America,
Asia Pacific, Europe, Latin
America, and Middle East
& Africa. Furthermore, the
report offers detailed country-wise analysis of the bonded magnet
market in the regions mentioned above.
The bonded magnet market has been divided into the following
segments.
Bonded Magnet Market- Product
Analysis
- Rare Earth Magnets
- Ferrite
- Plastic Ferrite
- Rubber Ferrite
- Hybrid
Bonded Magnet Market- Process
Analysis
- Calendaring
- Injection Molding
- Extrusion
- Compression
Bonded Magnet Market- Application
Analysis
- Automotive
- Electrical & Electronics
- Industrial
- Others (Medical, Power Generation etc.)
Bonded Magnet Market- Regional
Analysis
- North America
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Middle East &
Africa
- GCC
- South Africa
- Rest of Middle East &
Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
Browse Research Press Release:
http://www.transparencymarketresearch.com/pressrelease/bonded-magnet-market.htm
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Transparency Market Research (TMR) is a global market
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