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.

Market Insight

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.

Segment Covered

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.

Companies Profiled:

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.

Report Highlights:

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.