Market Overview:
The global polymer bonded NdFeB magnets market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for these magnets from various applications, such as synchronous motors, stepper motors, steering control motors, actuators and magnetic bearings. In addition, the growing demand for these magnets from the Asia Pacific region is also contributing to the growth of this market. However, fluctuations in prices of raw materials used in manufacturing polymer bonded NdFeB magnets may restrain the growth of this market during the forecast period.
Product Definition:
Polymer Bonded NdFeB Magnets are composed of an alloy of neodymium, iron and boron with a polymer matrix. They are used in a variety of applications, including motors, speakers and microphones.
Injection Molding:
Injection molding is a process of creating three-dimensional shapes from plastic compounds. This process is widely used to make automotive parts, household appliances, and medical equipment. In this process, the molten plastic is injected into a metal mold under high pressure to create an end product with desired dimensions and shape.
Extrusion Molding:
Extrusion molding is a process of converting solid or semi-solid feedstock into a three-dimensional shape using the force of extrusion. The most commonly used materials are plastics, however, other materials such as rubber and polymers have also been used successfully in some cases.
Application Insights:
The market is segmented based on application into synchronous motors, stepper motors, steering control motors, actuators and others. The stepper motor segment accounted for the largest revenue share in 2017 owing to the high demand from end-use industries such as medical equipment and computers. The growth of this industry can be attributed to technological advancements coupled with increasing production rates of smartphones and laptops globally.
The actuator segment is expected to witness a significant CAGR over the forecast period due to rising demand for industrial robots from manufacturing companies across various end-use industries such as automotive & transportation, construction and electronics among others. Furthermore, growing adoption of polymer bonded NdFeB magnets in electric vehicles (EV) will propel market growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for industrial equipment and rapid development of manufacturing facilities in emerging economies such as China, India, and Japan. In addition, rising government initiatives towards infrastructure development are anticipated to fuel product demand over the coming years.
The growing automotive industry in Europe is also likely to contribute significantly towards product demand over the next eight years due to high usage of polymer-bonded motors for controlling rotation speed of steering wheels and actuation systems used for opening/closing car doors among others applications. North America market was valued at USD X million in 2017 owing its large base of automobile manufacturers such as General Motors Company; Ford Motor Company; Chrysler Group LLC; Tesla Inc.; among others who use NdFeB magnets for producing electric motors which are then used across various applications within vehicles including powertrain components (transmission), brakes, airbags, other safety systems).
Growth Factors:
- Increasing demand from the automotive industry for lightweight and efficient magnets
- Growing popularity of electric vehicles, which require powerful yet lightweight magnets for propulsion
- Rapid expansion of the renewable energy sector, which requires high-performance magnets for wind turbines and solar panels
- Rising demand from the electronics industry for miniature and powerful magnets in consumer electronics products
- Growing research and development investments in new magnet technologies to meet increasing demands
Scope Of The Report
Report Attributes
Report Details
Report Title
Polymer Bonded NdFeB Magnets Market Research Report
By Type
Injection Molding, Extrusion Molding, Compaction Molding
By Application
Synchronous Motors, Stepper Motors, Steering Control Motors, Actuators, Magnetic Bearings, Other
By Companies
Goudsmit Magnetics, Daido Electronics, HANGSENG MAGNETECH, Bunting, Galaxy Magnets, Anhui Earth-Panda Advance Magnetic Material, Yunsheng, Zhong Ke San Huan, Sintex, JPMF, Goudsmit Magnetics, Guangdong Lingyi iTECH Manufacturing, UMAG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Polymer Bonded NdFeB Magnets Market Report Segments:
The global Polymer Bonded NdFeB Magnets market is segmented on the basis of:
Types
Injection Molding, Extrusion Molding, Compaction Molding
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Synchronous Motors, Stepper Motors, Steering Control Motors, Actuators, Magnetic Bearings, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Goudsmit Magnetics
- Daido Electronics
- HANGSENG MAGNETECH
- Bunting
- Galaxy Magnets
- Anhui Earth-Panda Advance Magnetic Material
- Yunsheng
- Zhong Ke San Huan
- Sintex
- JPMF
- Goudsmit Magnetics
- Guangdong Lingyi iTECH Manufacturing
- UMAG
Highlights of The Polymer Bonded NdFeB Magnets Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Injection Molding
- Extrusion Molding
- Compaction Molding
- By Application:
- Synchronous Motors
- Stepper Motors
- Steering Control Motors
- Actuators
- Magnetic Bearings
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polymer Bonded NdFeB Magnets Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Polymer bonded NdFeB magnets are made by bonding a polymer to the iron core of the magnet. This creates a magnet that is much stronger and more durable than traditional NdFeB magnets.
Some of the major players in the polymer bonded ndfeb magnets market are Goudsmit Magnetics, Daido Electronics, HANGSENG MAGNETECH, Bunting, Galaxy Magnets, Anhui Earth-Panda Advance Magnetic Material, Yunsheng, Zhong Ke San Huan, Sintex, JPMF, Goudsmit Magnetics, Guangdong Lingyi iTECH Manufacturing, UMAG.
The polymer bonded ndfeb magnets market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polymer Bonded NdFeB Magnets Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Polymer Bonded NdFeB Magnets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polymer Bonded NdFeB Magnets Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Polymer Bonded NdFeB Magnets Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Polymer Bonded NdFeB Magnets Market Size & Forecast, 2020-2028
4.5.1 Polymer Bonded NdFeB Magnets Market Size and Y-o-Y Growth
4.5.2 Polymer Bonded NdFeB Magnets Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Injection Molding
5.2.2 Extrusion Molding
5.2.3 Compaction Molding
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Synchronous Motors
6.2.2 Stepper Motors
6.2.3 Steering Control Motors
6.2.4 Actuators
6.2.5 Magnetic Bearings
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polymer Bonded NdFeB Magnets Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Polymer Bonded NdFeB Magnets Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Injection Molding
9.6.2 Extrusion Molding
9.6.3 Compaction Molding
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Synchronous Motors
9.10.2 Stepper Motors
9.10.3 Steering Control Motors
9.10.4 Actuators
9.10.5 Magnetic Bearings
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Injection Molding
10.6.2 Extrusion Molding
10.6.3 Compaction Molding
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Synchronous Motors
10.10.2 Stepper Motors
10.10.3 Steering Control Motors
10.10.4 Actuators
10.10.5 Magnetic Bearings
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Injection Molding
11.6.2 Extrusion Molding
11.6.3 Compaction Molding
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Synchronous Motors
11.10.2 Stepper Motors
11.10.3 Steering Control Motors
11.10.4 Actuators
11.10.5 Magnetic Bearings
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Injection Molding
12.6.2 Extrusion Molding
12.6.3 Compaction Molding
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Synchronous Motors
12.10.2 Stepper Motors
12.10.3 Steering Control Motors
12.10.4 Actuators
12.10.5 Magnetic Bearings
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Injection Molding
13.6.2 Extrusion Molding
13.6.3 Compaction Molding
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Synchronous Motors
13.10.2 Stepper Motors
13.10.3 Steering Control Motors
13.10.4 Actuators
13.10.5 Magnetic Bearings
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Polymer Bonded NdFeB Magnets Market: Competitive Dashboard
14.2 Global Polymer Bonded NdFeB Magnets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Goudsmit Magnetics
14.3.2 Daido Electronics
14.3.3 HANGSENG MAGNETECH
14.3.4 Bunting
14.3.5 Galaxy Magnets
14.3.6 Anhui Earth-Panda Advance Magnetic Material
14.3.7 Yunsheng
14.3.8 Zhong Ke San Huan
14.3.9 Sintex
14.3.10 JPMF
14.3.11 Goudsmit Magnetics
14.3.12 Guangdong Lingyi iTECH Manufacturing
14.3.13 UMAG
