A recent report published by
Infinium Global Research on the magnetic plastics market provides an in-depth analysis
of segments and sub-segments in the global as well as regional magnetic
plastics market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional magnetic plastics market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of the global magnetic plastics market.
According to the report, the global magnetic plastics market is projected to
grow at a CAGR of 8.1% over the forecast period of 2019-2025.
Magnetic plastics are made from
organic polymers. Magnetic plastics stimulate the development of inexpensive
and flexible devices for superconducting electronics and quantum computing. New
technological advancements propel market growth. Companies operating in the
global magnetic plastics market are adopting strategies such as mergers,
acquisitions, and new product launches that maximize their market share.
The rising advancement in plastic
bonded magnets through the refinement of compression-molded magnets drives the
growth of the magnetic plastics market. The increasing demand for magnetic
plastic by end-user consumers such as food packaging, healthcare contributes to
the growth of the magnetic plastics market. The surge in the use of magnetic
plastics in electronics in developing countries stimulates the growth of the
magnetic plastics market. Advantages of metallic plastics over other metallic
counterparts such as being less dense and lightweight propel the growth of the
magnetic plastics market. The increasing production of personal computers,
generators, and mobile phones promote the consumption of magnetic plastics
boosting the market growth. On the other side, high costs of magnetic plastics
hinder the growth of the magnetic plastics market. Moreover, research and
development in the magnetic plastics market create numerous opportunities for
the growth of the market.
Based on geography, the global
magnetic plastics market is classified into North America, Asia-Pacific,
Europe, and the Rest of the World. Asia-Pacific region is anticipated to have a
premium share in the global magnetic plastics market. The presence of major
market players in developing countries such as China in the Asia-Pacific region
contributes to the growth of the magnetic plastics market in Asia-Pacific.
North America is expected to expand at a healthy CAGR over the forecast period.
Europe is showing growth in the global magnetic plastics market. The rising
industrialization and acceptance of magnetic plastics in Europe boost the
growth of the magnetic plastics market in Europe.
The report on the global magnetic
plastics market covers segments such as type and application. On the basis of
type, the sub-markets include ferrite bonded, and ndfeb bonded. On the basis of
application, the sub-markets include packaging & labelling, electrical
& electronics, healthcare devices, and other applications.
The report provides profiles of
the companies in the market such as ALL Magnetics Inc., Arnold Magnetic
Technologies Corp., Kolektor Magnet Technology GmbH, OM Group, ThyssenKrupp AG,
Hitachi Metals, Ltd., Daido Steel Co., Ltd., TDK Corp., Bomatec AG, Bunting
Magnetics Co., and other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of magnetic plastics market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.