Market Overview:
The global magnetic bar market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for small, medium, and large magnetic bars from various applications such as mine, ceramic, power, building materials, and glass. In addition, the growing demand for these bars from regions such as North America, Latin America Europe Asia Pacific and Middle East & Africa is also contributing to the growth of this market.
Product Definition:
A Magnetic Bar is a metal bar that has been magnetized. It is used to hold things together or to move them around.
Small:
Small is the new big in the bar business. Small bars are being used to cater to a wide range of customers, from sports enthusiasts and cocktail drinkers at social gatherings to corporate clients and tourists visiting various places of interest. The growth factor for small bars is customer base, which has led many owners/managers of such establishments into making significant profits over the past few years.
Medium:
Medium is a generic term used for referring to the type of material or substance through which magnetic properties are exhibited. It can be classified as ferromagnetic, antiferromagnetic and diamagnetic. The most common medium used in magnetic bars is iron powder; however, other substances such as nickel powder and cobalt metal also function well.
Application Insights:
The mine application segment accounted for the largest share of over 40.0% in 2017. The growing demand for magnetic bars from iron and steel producers across the world is expected to drive growth over the forecast period. Iron and steel production has witnessed significant growth in China, India, South Korea, Brazil and other developing countries due to their rapid industrialization along with increasing use of technology such as smelting and refining processes that require huge amount of metal. This trend is likely to continue through 2018-2030 thereby driving product demand globally during this period.
Ceramic application was one of the fastest-growing segments owing to increased utilization in various industries including automotive, construction materials among others which requires high quality ceramic products with low thermal conductivity properties such as ferrite or antiferromagnetic materials that can be manufactured using bar magnets as a raw material source component within itself or by way of additives into its end products manufacturing processes respectively thereby driving market growth globally during this period.
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of key companies such as U.S.-based General Electric and Honeywell International, Inc., along with other industrial activities that generate a high amount magnetic bars demand across this region.
Asia Pacific is expected to be one of the fastest-growing regional markets from 2018 to 2030 owing to rapid industrialization and growth in construction, automotive, and electronic sectors across this region will drive product demand over next eight years.
Europe was valued at USD X million in 2017; however it is anticipated that North America market would surpass it by 2030 due to higher adoption rate for new technologies along with growing manufacturing sector especially ceramics which accounts for major share within Europe’s magnetic bar industry).
Growth Factors:
- Increasing demand from the automotive and electronics industries for high-performance magnets
- Growing popularity of electric vehicles, which require powerful magnets for their motors
- Rapid expansion of the renewable energy sector, as wind turbines and solar panels rely on strong magnets to function properly
- Rising investment in research and development for new magnetic technologies and applications
- Increased awareness of the benefits of using magnets in health care, manufacturing, and other sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Bar Market Research Report
By Type
Small, Medium, Large
By Application
Mine, Ceramic, Power, Building Materials, Glass
By Companies
Fisher Scientific, Cowie, Bel-Art Scienceware Products, Dynalon, Corning, Glas-Col, IKA Works, Inc., Kimble Chase LLC, Wheaton Science Products, SaniSure
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Bar Market Report Segments:
The global Magnetic Bar market is segmented on the basis of:
Types
Small, Medium, Large
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
Mine, Ceramic, Power, Building Materials, Glass
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:
- Fisher Scientific
- Cowie
- Bel-Art Scienceware Products
- Dynalon
- Corning
- Glas-Col
- IKA Works, Inc.
- Kimble Chase LLC
- Wheaton Science Products
- SaniSure
Highlights of The Magnetic Bar 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:
- Small
- Medium
- Large
- By Application:
- Mine
- Ceramic
- Power
- Building Materials
- Glass
- 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 Magnetic Bar 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?
A magnetic bar is a metal strip with a magnet at one end and a handle at the other. It is used to hold documents together while they are being scanned or photocopied.
Some of the major companies in the magnetic bar market are Fisher Scientific, Cowie, Bel-Art Scienceware Products, Dynalon, Corning, Glas-Col, IKA Works, Inc., Kimble Chase LLC, Wheaton Science Products, SaniSure.
The magnetic bar market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnetic Bar Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Magnetic Bar Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnetic Bar Market - Supply Chain
4.5. Global Magnetic Bar Market Forecast
4.5.1. Magnetic Bar Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnetic Bar Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnetic Bar Market Absolute $ Opportunity
5. Global Magnetic Bar Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Magnetic Bar Market Size and Volume Forecast by Type
5.3.1. Small
5.3.2. Medium
5.3.3. Large
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnetic Bar Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Magnetic Bar Market Size and Volume Forecast by Application
6.3.1. Mine
6.3.2. Ceramic
6.3.3. Power
6.3.4. Building Materials
6.3.5. Glass
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnetic Bar Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Magnetic Bar Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Magnetic Bar Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Magnetic Bar Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Magnetic Bar Demand Share Forecast, 2019-2026
9. North America Magnetic Bar Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Magnetic Bar Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Magnetic Bar Market Size and Volume Forecast by Application
9.4.1. Mine
9.4.2. Ceramic
9.4.3. Power
9.4.4. Building Materials
9.4.5. Glass
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnetic Bar Market Size and Volume Forecast by Type
9.7.1. Small
9.7.2. Medium
9.7.3. Large
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Magnetic Bar Demand Share Forecast, 2019-2026
10. Latin America Magnetic Bar Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Magnetic Bar Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Magnetic Bar Market Size and Volume Forecast by Application
10.4.1. Mine
10.4.2. Ceramic
10.4.3. Power
10.4.4. Building Materials
10.4.5. Glass
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnetic Bar Market Size and Volume Forecast by Type
10.7.1. Small
10.7.2. Medium
10.7.3. Large
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Magnetic Bar Demand Share Forecast, 2019-2026
11. Europe Magnetic Bar Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Magnetic Bar Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Magnetic Bar Market Size and Volume Forecast by Application
11.4.1. Mine
11.4.2. Ceramic
11.4.3. Power
11.4.4. Building Materials
11.4.5. Glass
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnetic Bar Market Size and Volume Forecast by Type
11.7.1. Small
11.7.2. Medium
11.7.3. Large
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth PotentialAnalysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Magnetic Bar Demand Share, 2019-2026
12. Asia Pacific Magnetic Bar Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Magnetic Bar Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Magnetic Bar Market Size and Volume Forecast by Application
12.4.1. Mine
12.4.2. Ceramic
12.4.3. Power
12.4.4. Building Materials
12.4.5. Glass
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnetic Bar Market Size and Volume Forecast by Type
12.7.1. Small
12.7.2. Medium
12.7.3. Large
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Magnetic Bar Demand Share, 2019-2026
13. Middle East & Africa Magnetic Bar Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Magnetic Bar Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Magnetic Bar Market Size and Volume Forecast by Application
13.4.1. Mine
13.4.2. Ceramic
13.4.3. Power
13.4.4. Building Materials
13.4.5. Glass
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnetic Bar Market Size and Volume Forecast by Type
13.7.1. Small
13.7.2. Medium
13.7.3. Large
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Magnetic Bar Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnetic Bar Market: Market Share Analysis
14.2. Magnetic Bar Distributors and Customers
14.3. Magnetic Bar Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Fisher Scientific
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cowie
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bel-Art Scienceware Products
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dynalon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Corning
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Glas-Col
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. IKA Works, Inc.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kimble Chase LLC
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wheaton Science Products
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SaniSure
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
