Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Magnetic Plastics Market by Type (Structured Magnetic Plastic, Compound Magnetic Plastic), By Application (Food, Electronics, Medical, Automotive, Home Appliance, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Magnetic Plastics Market by Type (Structured Magnetic Plastic, Compound Magnetic Plastic), By Application (Food, Electronics, Medical, Automotive, Home Appliance, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 199810 3300 Chemical & Material 377 250 Pages 4.7 (35)
                                          

Market Overview:


The global magnetic plastics 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 magnetic plastics from various applications, such as food, electronics, medical, automotive, home appliance and other applications. Magnetic plastics are used in a wide range of applications owing to their properties such as high strength-to-weight ratio, chemical resistance and thermal stability. In addition, the growing demand for miniaturization and lightweighting in various industries is also contributing to the growth of the global magnetic plastics market.


Global Magnetic Plastics Industry Outlook


Product Definition:


There is no single, universally accepted definition of magnetic plastics. However, in general terms, magnetic plastics are materials that can be magnetized and that have properties that make them useful for applications such as holding or displaying objects. Magnetic plastics are important because they offer a versatile and affordable way to create products with a strong visual impact.


Structured Magnetic Plastic:


Structured magnetic plastic is a new class of materials that combine the properties of ferromagnetic and non-ferromagnetic substances. The structural elements in these plastics have arrangements of magnets which can be switched on and off at will. This switching property allows structured magnetic plastic to change its shape as well as retain the memory of its previous shape.


Compound Magnetic Plastic:


Compound magnetic plastic is a new type of material that exhibits magnetism in addition to the inherent properties of conventional plastics. It has been developed by accident at the University of Illinois, US, when some research was being conducted on polymers for use in Magnetic Resonance Imaging (MRI) machines. The compound was found to be highly sensitive to applied magnetic fields and upon further investigation it was discovered that it had magnetism as well as superparamagnetic properties which were unexpected and novel.


Application Insights:


The automotive application segment accounted for the largest revenue share of over 30% in 2017. The growth can be attributed to increasing demand for magnetic plastics in the industry. For instance, Laminated Glass (Laminated Magnetic Plastic) is used extensively in automobile windshields as it provides safety and security against harsh environmental conditions such as UV rays, rain and snow.


Magnetic materials are also used to manufacture home appliances including refrigerators, washing machines, microwave ovens and cooktops among others. The growing use of magnetic plastics in consumer electronics is expected to have a positive impact on market growth over the forecast period due to high product demandability coupled with low prices of electronic products compared to their counterparts made from glass or other conventional materials such as steel or aluminum alloys.


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 high demand for magnetic plastics from various end-use industries such as automotive, packaging, and electronics. The region is expected to witness considerable growth over the forecast period owing to increasing use of these materials in manufacturing automobiles and consumer appliances among others.


Europe was estimated as the second-largest regional segment by volume after North America due to growing application scope in different end-use industries across this region since past few years along with significant growth opportunities offered by emerging economies including Russia and Turkey among others at a domestic level which are anticipated to boost product demand over next eight years (2018–2030).


Growth Factors:


  • Increasing demand from end-use industries such as automotive and electrical & electronics
  • Rising awareness about the benefits of using magnetic plastics among consumers
  • Growing R&D investments by key players to develop innovative products
  • Expansion of global manufacturing base by magnetic plastics manufacturers
  • Rising trend of miniaturization in electronic devices

Scope Of The Report

Report Attributes

Report Details

Report Title

Magnetic Plastics Market Research Report

By Type

Structured Magnetic Plastic, Compound Magnetic Plastic

By Application

Food, Electronics, Medical, Automotive, Home Appliance, Other

By Companies

OM Group, ALL Magnetics, ThyssenKrupp, Arnold Magnetic Technologies, Kolektor Magnet Technology GmbH

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

250

Number of Tables & Figures

175

Customization Available

Yes, the report can be customized as per your need.


Global Magnetic Plastics Market Report Segments:

The global Magnetic Plastics market is segmented on the basis of:

Types

Structured Magnetic Plastic, Compound Magnetic Plastic

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

Food, Electronics, Medical, Automotive, Home Appliance, 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:

  1. OM Group
  2. ALL Magnetics
  3. ThyssenKrupp
  4. Arnold Magnetic Technologies
  5. Kolektor Magnet Technology GmbH

Global Magnetic Plastics Market Overview


Highlights of The Magnetic Plastics Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Structured Magnetic Plastic
    2. Compound Magnetic Plastic
  1. By Application:

    1. Food
    2. Electronics
    3. Medical
    4. Automotive
    5. Home Appliance
    6. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Magnetic Plastics 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

Global Magnetic Plastics Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Magnetic plastics are materials that have been specifically designed to be magnetized. This makes them ideal for applications where a strong magnetic field is needed, such as in hard drive storage or in data processing equipment.

Some of the key players operating in the magnetic plastics market are OM Group, ALL Magnetics, ThyssenKrupp, Arnold Magnetic Technologies, Kolektor Magnet Technology GmbH.

The magnetic plastics market is expected to grow at a compound annual growth rate of 6.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Magnetic Plastics 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 Plastics Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Magnetic Plastics Market - Supply Chain
   4.5. Global Magnetic Plastics Market Forecast
      4.5.1. Magnetic Plastics Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Magnetic Plastics Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Magnetic Plastics Market Absolute $ Opportunity

5. Global Magnetic Plastics 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 Plastics Market Size and Volume Forecast by Type
      5.3.1. Structured Magnetic Plastic
      5.3.2. Compound Magnetic Plastic
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Magnetic Plastics 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 Plastics Market Size and Volume Forecast by Application
      6.3.1. Food
      6.3.2. Electronics
      6.3.3. Medical
      6.3.4. Automotive
      6.3.5. Home Appliance
      6.3.6. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Magnetic Plastics 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 Plastics 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 Plastics 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 Plastics 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 Plastics Demand Share Forecast, 2019-2026

9. North America Magnetic Plastics 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 Plastics 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 Plastics Market Size and Volume Forecast by Application
      9.4.1. Food
      9.4.2. Electronics
      9.4.3. Medical
      9.4.4. Automotive
      9.4.5. Home Appliance
      9.4.6. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Magnetic Plastics Market Size and Volume Forecast by Type
      9.7.1. Structured Magnetic Plastic
      9.7.2. Compound Magnetic Plastic
   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 Plastics Demand Share Forecast, 2019-2026

10. Latin America Magnetic Plastics 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 Plastics 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 Plastics Market Size and Volume Forecast by Application
      10.4.1. Food
      10.4.2. Electronics
      10.4.3. Medical
      10.4.4. Automotive
      10.4.5. Home Appliance
      10.4.6. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Magnetic Plastics Market Size and Volume Forecast by Type
      10.7.1. Structured Magnetic Plastic
      10.7.2. Compound Magnetic Plastic
   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 Plastics Demand Share Forecast, 2019-2026

11. Europe Magnetic Plastics 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 Plastics 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 Plastics Market Size and Volume Forecast by Application
      11.4.1. Food
      11.4.2. Electronics
      11.4.3. Medical
      11.4.4. Automotive
      11.4.5. Home Appliance
      11.4.6. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Magnetic Plastics Market Size and Volume Forecast by Type
      11.7.1. Structured Magnetic Plastic
      11.7.2. Compound Magnetic Plastic
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      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 Plastics Demand Share, 2019-2026

12. Asia Pacific Magnetic Plastics 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 Plastics 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 Plastics Market Size and Volume Forecast by Application
      12.4.1. Food
      12.4.2. Electronics
      12.4.3. Medical
      12.4.4. Automotive
      12.4.5. Home Appliance
      12.4.6. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Magnetic Plastics Market Size and Volume Forecast by Type
      12.7.1. Structured Magnetic Plastic
      12.7.2. Compound Magnetic Plastic
   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 Plastics Demand Share, 2019-2026

13. Middle East & Africa Magnetic Plastics 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 Plastics 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 Plastics Market Size and Volume Forecast by Application
      13.4.1. Food
      13.4.2. Electronics
      13.4.3. Medical
      13.4.4. Automotive
      13.4.5. Home Appliance
      13.4.6. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Magnetic Plastics Market Size and Volume Forecast by Type
      13.7.1. Structured Magnetic Plastic
      13.7.2. Compound Magnetic Plastic
   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 Plastics Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Magnetic Plastics Market: Market Share Analysis
   14.2. Magnetic Plastics Distributors and Customers
   14.3. Magnetic Plastics Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. OM Group
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. ALL Magnetics
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. ThyssenKrupp
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Arnold Magnetic Technologies
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Kolektor Magnet Technology GmbH
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. COMPANY6
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. COMPANY7
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. COMPANY8
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. COMPANY9
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. COMPANY 10
         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

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