Market Overview:
The global plastic magnet market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for plastic magnets in computer hardware, medical devices, home appliances, and other applications. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
A plastic magnet is a magnet made of plastic. It is used to hold things together or to pick up small pieces of metal.
Soft Magnetic Material:
Magnetic Soft Materials are materials which can be magnetized but do not possess the ability to sustain high temperatures. The most common example of soft magnetic material is antimony tin plate, which can be easily magnetized and demagnetized.
Soft Magnetic Material (SMM) market is expected to witness significant growth over the forecast period owing to increasing demand from end-use industries such as electrical & electronics, automotive and packaging among others.
Hard Magnetic Material:
Hard magnetic material is also known as ferromagnetic material. It can be defined as a substance which has permanent magnets and can be magnetized in only one direction. Some examples of hard magnetic materials are iron, nickel, cobalt and neodymium among others. The most commonly used hard magnetic materials for manufacturing applications are iron & steel alloys, ceramic products and rare earth metals such as samarium cobalt & neodymium among others.
Application Insights:
The computer hardware application segment led the global plastic magnet market in 2017. The increasing use of plastics in the construction of personal computers is expected to drive demand for plastic magnets over the forecast period. In addition, growing demand for hard disk drives and solid-state drives is anticipated to augment growth during the study period.
Medical device application segment accounted for a significant share in 2017 owing to rising usage of magnetic materials in various medical devices such as pacemakers, blood glucose monitors, MRI scanners and Tesla Coils among others. Growing R&D activities on new applications using magnets are also expected to propel market growth over the forecast period.
The home appliances segment was valued at USD 544 million in 2017 owing to rising use of plastic magnets by manufacturers of refrigerators, microwave ovens.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and accounted for a revenue share of over 35%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing product demand from various application sectors, such as computer hardware, medical devices, consumer electronics and others.
The growing manufacturing sector in developing economies of Asia Pacific has led to increased production activities across these economies. As a result, there is an upsurge in magnet production activities across countries like China and Japan which will have a positive impact on the overall market growth during the forecast period.
North America was another prominent regional segment that accounted for close to 24% of total revenue share in 2017 owing to high product demand from end-use industries such as consumer electronics and automotive components among others.
Growth Factors:
- Increasing demand from end-use industries such as automotive, consumer electronics, and healthcare
- Rising demand for lightweight and energy-efficient materials in automobiles
- Growing popularity of plastic magnets in the North American and European markets
- Technological advancements that have led to the development of new applications for plastic magnets
- The increasing use of recycled plastics in the manufacture of plastic magnets
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Magnet Market Research Report
By Type
Soft Magnetic Material, Hard Magnetic Material
By Application
Computer Hardware, Medical Device, Home Appliance, Other
By Companies
Mate, Magtech Magnetic Products, MPI, Arnold Magnetic Technologies, Tongxiang Jiasheng Plastic Products, K&J Magnetics, FU RONG (Magnets) Industrial
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Magnet Market Report Segments:
The global Plastic Magnet market is segmented on the basis of:
Types
Soft Magnetic Material, Hard Magnetic Material
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
Computer Hardware, Medical Device, 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:
- Mate
- Magtech Magnetic Products
- MPI
- Arnold Magnetic Technologies
- Tongxiang Jiasheng Plastic Products
- K&J Magnetics
- FU RONG (Magnets) Industrial
Highlights of The Plastic Magnet 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:
- Soft Magnetic Material
- Hard Magnetic Material
- By Application:
- Computer Hardware
- Medical Device
- Home Appliance
- 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 Plastic Magnet 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 plastic magnet is a type of magnet made from plastic. They are often used to hold paper clips, postcards, and other small objects.
Some of the major players in the plastic magnet market are Mate, Magtech Magnetic Products, MPI, Arnold Magnetic Technologies, Tongxiang Jiasheng Plastic Products, K&J Magnetics, FU RONG (Magnets) Industrial.
The plastic magnet market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plastic Magnet 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 Magnet Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plastic Magnet Market - Supply Chain
4.5. Global Plastic Magnet Market Forecast
4.5.1. Plastic Magnet Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plastic Magnet Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plastic Magnet Market Absolute $ Opportunity
5. Global Plastic Magnet 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 Magnet Market Size and Volume Forecast by Type
5.3.1. Soft Magnetic Material
5.3.2. Hard Magnetic Material
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Plastic Magnet 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 Magnet Market Size and Volume Forecast by Application
6.3.1. Computer Hardware
6.3.2. Medical Device
6.3.3. Home Appliance
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Plastic Magnet 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 Magnet 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 Magnet 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 Magnet 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 Magnet Demand Share Forecast, 2019-2026
9. North America Plastic Magnet 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 Magnet 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 Magnet Market Size and Volume Forecast by Application
9.4.1. Computer Hardware
9.4.2. Medical Device
9.4.3. Home Appliance
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plastic Magnet Market Size and Volume Forecast by Type
9.7.1. Soft Magnetic Material
9.7.2. Hard Magnetic Material
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 Magnet Demand Share Forecast, 2019-2026
10. Latin America Plastic Magnet 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 Magnet 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 Magnet Market Size and Volume Forecast by Application
10.4.1. Computer Hardware
10.4.2. Medical Device
10.4.3. Home Appliance
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plastic Magnet Market Size and Volume Forecast by Type
10.7.1. Soft Magnetic Material
10.7.2. Hard Magnetic Material
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 Magnet Demand Share Forecast, 2019-2026
11. Europe Plastic Magnet 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 Magnet 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 Magnet Market Size and Volume Forecast by Application
11.4.1. Computer Hardware
11.4.2. Medical Device
11.4.3. Home Appliance
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plastic Magnet Market Size and Volume Forecast by Type
11.7.1. Soft Magnetic Material
11.7.2. Hard Magnetic Material
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 Magnet Demand Share, 2019-2026
12. Asia Pacific Plastic Magnet 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 Magnet 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 Magnet Market Size and Volume Forecast by Application
12.4.1. Computer Hardware
12.4.2. Medical Device
12.4.3. Home Appliance
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plastic Magnet Market Size and Volume Forecast by Type
12.7.1. Soft Magnetic Material
12.7.2. Hard Magnetic Material
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 Magnet Demand Share, 2019-2026
13. Middle East & Africa Plastic Magnet 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 Magnet 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 Magnet Market Size and Volume Forecast by Application
13.4.1. Computer Hardware
13.4.2. Medical Device
13.4.3. Home Appliance
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plastic Magnet Market Size and Volume Forecast by Type
13.7.1. Soft Magnetic Material
13.7.2. Hard Magnetic Material
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 Magnet Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Plastic Magnet Market: Market Share Analysis
14.2. Plastic Magnet Distributors and Customers
14.3. Plastic Magnet Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mate
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Magtech Magnetic Products
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MPI
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. Tongxiang Jiasheng Plastic Products
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. K&J Magnetics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FU RONG (Magnets) Industrial
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
