Magnetic Plastic Market Report: Trends, Forecast and Competitive Analysis to 2030

Magnetic Plastic Market Report: Trends, Forecast and Competitive Analysis to 2030

Magnetic Plastic Trends and Forecast

The future of the magnetic plastic market looks promising with opportunities in the food, electrical & electronic, medical, automotive, aerospace, and construction markets. The magnetic plastic market is expected to reach an estimated $53.7 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are growth in electronics industry, rising innovation in automotive industry, and increasing trend toward miniaturization and lightweighting in different end use industries.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Magnetic Plastic by Segment

The study includes a forecast for the global magnetic plastic by material type, end use, and region.

Magnetic Plastic Market by Material Type [Shipment Analysis by Value from 2018 to 2030]:

• Ferrous Bonded
• Neodymium Iron Boron Bonded (Ndfeb)

Magnetic Plastic Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Food
• Electrical & Electronics
• Medical
• Automotive
• Aerospace
• Construction
• Others

Magnetic Plastic Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Magnetic Plastic Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies magnetic plastic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the magnetic plastic companies profiled in this report include-

• OM Group
• ALL Magnetics
• ThyssenKrupp
• Arnold Magnetic Technologies
• Kolektor Magnet Technology
• Daido Steel
• Hitachi Metals

Magnetic Plastic Market Insights

Lucintel forecasts that ferrous bonded will remain the larger segment over the forecast period as these are relatively inexpensive and easy to produce, making them the most widely used type of magnetic plastic.

Within this market, automotive will remain the largest segment due to increasing use of magnetic plastics in automotive applications, such as motors, sensors, and actuators and it also help to improve fuel efficiency, reduce emissions, and enhance safety features.

APAC will remain the largest region over the forecast period due to rapid economic growth, continuous industrialization, and rising disposable income of population in the region.

Features of the Magnetic Plastic Market

Market Size Estimates: Magnetic plastic market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Magnetic plastic market size by various segments, such as by material type, end use, and region in terms of value ($B).

Regional Analysis: Magnetic plastic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different material types, end uses, and regions for the magnetic plastic market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the magnetic plastic market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the magnetic plastic market size?

Answer: The global magnetic plastic market is expected to reach an estimated $53.7 billion by 2030.

Q2. What is the growth forecast for magnetic plastic market?

Answer: The global magnetic plastic market is expected to grow with a CAGR of 7.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the magnetic plastic market?

Answer: The major drivers for this market are growth in electronics industry, rising innovation in automotive industry, and increasing trend toward miniaturization and lightweighting in different end use industries.

Q4. What are the major segments for magnetic plastic market?

Answer: The future of the magnetic plastic market looks promising with opportunities in the food, electrical & electronic, medical, automotive, aerospace, and construction markets.

Q5. Who are the key magnetic plastic market companies?

Answer: Some of the key magnetic plastic companies are as follows:

• OM Group
• ALL Magnetics
• ThyssenKrupp
• Arnold Magnetic Technologies
• Kolektor Magnet Technology
• Daido Steel
• Hitachi Metals

Q6. Which magnetic plastic market segment will be the largest in future?

Answer: Lucintel forecasts that ferrous bonded will remain the larger segment over the forecast period as these are relatively inexpensive and easy to produce, making them the most widely used type of magnetic plastic.

Q7. In magnetic plastic market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to rapid economic growth, continuous industrialization, and rising disposable income of population in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the magnetic plastic market by material type (ferrous bonded and neodymium iron boron bonded (NdFeB)), end use (food, electrical & electronics, medical, automotive, aerospace, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Please note: It will take 3 business days to deliver the report upon receipt the order.