Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Plastic Bonded Neodymium Magnets Market by Type (Injection Molding, Compression Molding), By Application (Aerospace, Automotive, Medical, Oil & Gas, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Plastic Bonded Neodymium Magnets Market by Type (Injection Molding, Compression Molding), By Application (Aerospace, Automotive, Medical, Oil & Gas, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 130746 3300 Chemical & Material 377 240 Pages 4.9 (44)

Market Overview:

The global plastic bonded neodymium 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 end-use industries, such as aerospace, automotive, medical, oil & gas and others. In addition, the growing awareness about the benefits of using these magnets is also contributing to the growth of this market.

Global Plastic Bonded Neodymium Magnets Industry Outlook

Product Definition:

A type of rare-earth magnet made from an alloy of neodymium, iron and boron. They are usually disc or rectangular in shape with a thickness of 1 to 6 mm. Plastic bonded neodymium magnets have a higher resistance to demagnetization and can be used at temperatures up to 200 degrees Celsius.

Injection Molding:

Injection molding is a process of creating three-dimensional objects from plastic compounds. This process involves injecting molten plastic material into a metal mold under high pressure. The molten plastic then cools and solidifies to form the desired product. Injection molding can create complex shapes that are difficult to produce by other means such as casting or cutting.

Compression Molding:

Compression molding is a manufacturing process used to create plastic molded products. It involves the use of high pressure and temperature which helps in creating the desired product from start to finish with minimum wastage. The process can be done manually or automatically depending on the type of machine used for compression molding. There are different types of machines available in the market such as hydraulic, pneumatic, and mechanical injection molders among others that can be employed for this purpose.

Application Insights:

The automotive application segment led the global market and accounted for more than 30.0% share of the total revenue in 2017. The product is widely used in automotive applications, such as engine mounts, transmission components, and magnetic levitation trains. Neodymium magnets are also used in consumer electronics products such as speakers and headphones owing to their small size capability that results in a high audio output efficiency.

The aerospace application segment is expected to witness significant growth over the forecast period on account of increasing use of neodymium magnets for manufacturing aircraft parts including engines, turbines, rotary blades and others that operate at extremely high temperatures without exhibiting any signs of damage or corrosion. In addition, these materials have superior properties including lightweight characteristics along with excellent resistance towards wear & tear which makes it highly suitable for use in aircraft motorsports worldwide since past few years!.

Regional Analysis:

Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising product demand in countries, such as China and India. In 2017, Neodymium was produced mainly from yttrium and samarium minerals in China while a small amount of neodymium was produced using other methods, such as by heating natural gas to 1200°C under pressure for 16 hours.

The Asia Pacific region is expected to witness significant growth owing to increasing foreign investments coupled with favorable government policies regarding manufacturing facilities in low-cost locations including India and Thailand. These factors are projected to boost industry expansion over the next eight years. North America held a substantial share of global plastic bonded neodymium magnets market revenue owingneo magnetic properties required high investment compared with other regions thus manufacturers preferred outsourcing production activities within this region leadingto its dominance across all regions globally Neo Magnets Inc.

Growth Factors:

  • Increasing demand from end-use industries: The global plastic bonded neodymium magnets market is witnessing a significant growth due to the increasing demand from end-use industries such as automotive, consumer electronics, and medical devices.
  • Growing popularity of electric vehicles: The growing popularity of electric vehicles is another major factor driving the growth of the global plastic bonded neodymium magnets market. These magnets are extensively used in electric vehicles for various applications such as motors, generators, and power steering systems.
  • Rising R&D investments by key players: Key players in the global plastic bonded neodymium magnets market are investing heavily in R&D to develop new and innovative products that can cater to the changing needs of consumers. This is likely to boost the growth of this market in the coming years.
  • Technological advancements: The development of new technologies has led to an increase in demand for high-performance magnetic materials such as plastic bonded neodymium magnets across different applications segments. This is expected to propel the growth of this market during forecast period 2019–2025 . 5) Growing awareness about benefits offered by these magnets: There is a growing awareness among consumers about the benefits offered by these magnets, which is fueling their demand worldwide

Scope Of The Report

Report Attributes

Report Details

Report Title

Plastic Bonded Neodymium Magnets Market Research Report

By Type

Injection Molding, Compression Molding

By Application

Aerospace, Automotive, Medical, Oil & Gas, Others

By Companies

Veekim, MMC, Sura Magnets, Arnold Magnetic Technologies, Bunting Magnetics, MS-Schramberg, Bomatec, Goudsmit Magnetics

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

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

Global Plastic Bonded Neodymium Magnets Market Report Segments:

The global Plastic Bonded Neodymium Magnets market is segmented on the basis of:


Injection Molding, Compression 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.


Aerospace, Automotive, Medical, Oil & Gas, Others

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. Veekim
  2. MMC
  3. Sura Magnets
  4. Arnold Magnetic Technologies
  5. Bunting Magnetics
  6. MS-Schramberg
  7. Bomatec
  8. Goudsmit Magnetics

Global Plastic Bonded Neodymium Magnets Market Overview

Highlights of The Plastic Bonded Neodymium Magnets 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. Injection Molding
    2. Compression Molding
  1. By Application:

    1. Aerospace
    2. Automotive
    3. Medical
    4. Oil & Gas
    5. Others
  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 Plastic Bonded Neodymium 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
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Global Plastic Bonded Neodymium Magnets 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?

Plastic bonded neodymium magnets are a type of magnet that is made from two pieces of plastic that have been bonded together. This creates a stronger magnet than if the magnets were just one piece of plastic.

Some of the major players in the plastic bonded neodymium magnets market are Veekim, MMC, Sura Magnets, Arnold Magnetic Technologies, Bunting Magnetics, MS-Schramberg, Bomatec, Goudsmit Magnetics.

The plastic bonded neodymium magnets 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. Plastic Bonded Neodymium Magnets 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. Plastic Bonded Neodymium Magnets Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Plastic Bonded Neodymium Magnets Market - Supply Chain
   4.5. Global Plastic Bonded Neodymium Magnets Market Forecast
      4.5.1. Plastic Bonded Neodymium Magnets Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Plastic Bonded Neodymium Magnets Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Plastic Bonded Neodymium Magnets Market Absolute $ Opportunity

5. Global Plastic Bonded Neodymium Magnets 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. Plastic Bonded Neodymium Magnets Market Size and Volume Forecast by Type
      5.3.1. Injection Molding
      5.3.2. Compression Molding
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Plastic Bonded Neodymium Magnets 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. Plastic Bonded Neodymium Magnets Market Size and Volume Forecast by Application
      6.3.1. Aerospace
      6.3.2. Automotive
      6.3.3. Medical
      6.3.4. Oil & Gas
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Plastic Bonded Neodymium Magnets 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. Plastic Bonded Neodymium Magnets 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 Plastic Bonded Neodymium Magnets 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. Plastic Bonded Neodymium Magnets 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 Plastic Bonded Neodymium Magnets Demand Share Forecast, 2019-2029

9. North America Plastic Bonded Neodymium Magnets 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 Plastic Bonded Neodymium Magnets 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 Plastic Bonded Neodymium Magnets Market Size and Volume Forecast by Application
      9.4.1. Aerospace
      9.4.2. Automotive
      9.4.3. Medical
      9.4.4. Oil & Gas
      9.4.5. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Plastic Bonded Neodymium Magnets Market Size and Volume Forecast by Type
      9.7.1. Injection Molding
      9.7.2. Compression Molding
   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 Plastic Bonded Neodymium Magnets Demand Share Forecast, 2019-2029

10. Latin America Plastic Bonded Neodymium Magnets 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 Plastic Bonded Neodymium Magnets 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 Plastic Bonded Neodymium Magnets Market Size and Volume Forecast by Application
      10.4.1. Aerospace
      10.4.2. Automotive
      10.4.3. Medical
      10.4.4. Oil & Gas
      10.4.5. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Plastic Bonded Neodymium Magnets Market Size and Volume Forecast by Type
      10.7.1. Injection Molding
      10.7.2. Compression Molding
   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 Plastic Bonded Neodymium Magnets Demand Share Forecast, 2019-2029

11. Europe Plastic Bonded Neodymium Magnets 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 Plastic Bonded Neodymium Magnets 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 Plastic Bonded Neodymium Magnets Market Size and Volume Forecast by Application
      11.4.1. Aerospace
      11.4.2. Automotive
      11.4.3. Medical
      11.4.4. Oil & Gas
      11.4.5. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Plastic Bonded Neodymium Magnets Market Size and Volume Forecast by Type
      11.7.1. Injection Molding
      11.7.2. Compression Molding
   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 Plastic Bonded Neodymium Magnets Demand Share, 2019-2029

12. Asia Pacific Plastic Bonded Neodymium Magnets 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 Plastic Bonded Neodymium Magnets 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 Plastic Bonded Neodymium Magnets Market Size and Volume Forecast by Application
      12.4.1. Aerospace
      12.4.2. Automotive
      12.4.3. Medical
      12.4.4. Oil & Gas
      12.4.5. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Plastic Bonded Neodymium Magnets Market Size and Volume Forecast by Type
      12.7.1. Injection Molding
      12.7.2. Compression Molding
   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 Plastic Bonded Neodymium Magnets Demand Share, 2019-2029

13. Middle East & Africa Plastic Bonded Neodymium Magnets 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 Plastic Bonded Neodymium Magnets 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 Plastic Bonded Neodymium Magnets Market Size and Volume Forecast by Application
      13.4.1. Aerospace
      13.4.2. Automotive
      13.4.3. Medical
      13.4.4. Oil & Gas
      13.4.5. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Plastic Bonded Neodymium Magnets Market Size and Volume Forecast by Type
      13.7.1. Injection Molding
      13.7.2. Compression Molding
   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 Plastic Bonded Neodymium Magnets Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Plastic Bonded Neodymium Magnets Market: Market Share Analysis
   14.2. Plastic Bonded Neodymium Magnets Distributors and Customers
   14.3. Plastic Bonded Neodymium Magnets Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Veekim Overview Financials Developments Strategic Outlook
      14.4.2. MMC Overview Financials Developments Strategic Outlook
      14.4.3. Sura Magnets Overview Financials Developments Strategic Outlook
      14.4.4. Arnold Magnetic Technologies Overview Financials Developments Strategic Outlook
      14.4.5. Bunting Magnetics Overview Financials Developments Strategic Outlook
      14.4.6. MS-Schramberg Overview Financials Developments Strategic Outlook
      14.4.7. Bomatec Overview Financials Developments Strategic Outlook
      14.4.8. Goudsmit Magnetics Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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