Composite Bonded Magnet Market Size and Market Trends: Complete Industry Overview (2024 to 2031

What is Composite Bonded Magnet?

Composite Bonded Magnets are a type of permanent magnet made from a mixture of resin and magnetic powders. These magnets offer high magnetic performance and can be customized into various shapes and sizes, making them suitable for a wide range of applications in industries such as automotive, electronics, and healthcare.

The growth of the Composite Bonded Magnet market has been significant in recent years, driven by increasing demand for lightweight and compact magnets in various industries. The market is expected to continue growing at a steady pace, fueled by technological advancements and the development of new applications for these magnets. Market research indicates a CAGR of approximately 7% from 2021 to 2026, with Asia Pacific region expected to witness the highest growth in the market.

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Study of Market Segmentation (2024 - 2031)

Composite bonded magnets can be manufactured through injection molding or pressing molding processes. Injection molding involves injecting a molten mixture of magnetic powder and a polymer binder into a mold, while pressing molding involves compressing a mixture of magnetic powder and a binder under high pressure.

In terms of applications, composite bonded magnets are widely used in various industries such as automobile, electrical and electronics, home appliances, healthcare equipment, and others. They are utilized in motors, sensors, actuators, and other components due to their high magnetic properties and design flexibility. The composite bonded magnet market is experiencing growth due to the increasing demand for lightweight and high-performance magnetic materials in these industries.

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Composite Bonded Magnet Market Regional Analysis 

The Composite Bonded Magnet Market is utilized across various industries and applications in regions such as North America (NA), Asia-Pacific (APAC), Europe, the United States (USA), and China. In North America, the market is driven by the automotive, electronics, and healthcare sectors. In APAC, rapid industrialization and technological advancements contribute to the high demand for composite bonded magnets. Europe has a strong presence in the renewable energy and automotive industries, boosting market growth. The USA is a key player due to its robust manufacturing sector. China dominates the market with its flourishing electronics and automotive industries. Growing countries such as India, South Korea, and Brazil are witnessing increasing demand for composite bonded magnets due to expanding industrial sectors and infrastructure development.

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List of Regions: North America: United States, Canada, Europe: GermanyFrance, U.K., Italy, Russia,Asia-Pacific: China, Japan, South, India, Australia, China, Indonesia, Thailand, Malaysia, Latin America:Mexico, Brazil, Argentina, Colombia, Middle East & Africa:Turkey, Saudi, Arabia, UAE, Korea

Leading Composite Bonded Magnet Industry Participants

Composite Bonded Magnets are produced by combining magnetic powders with a polymer carrier, resulting in a versatile and customizable magnet with strong magnetic properties. Companies like Galaxy Magnets, Zhong Ke San Huan Hi-Tech, and Daido Electronics are market leaders in producing high-quality composite bonded magnets. They have the expertise and technology to cater to diverse applications in industries such as automotive, electronics, and healthcare.

New entrants like Magnequench, IMA, and Ningbo Yunsheng are also making significant strides in the composite bonded magnet market by offering innovative solutions and expanding their product portfolios. Collaborations with established companies like Arnold Magnetic Technologies, TDK, and MS-Schramberg can help new entrants gain market share and grow their presence in the industry.

Overall, these companies play a crucial role in driving the growth of the composite bonded magnet market by providing cutting-edge technology, superior quality products, and customized solutions to meet the increasing demand from various industries.

• Galaxy Magnets
• Zhong Ke San Huan Hi-Tech
• Daido Electronics
• Magnequench
• IMA
• Ningbo Yunsheng
• Arnold Magnetic Technologies
• TDK
• MS-Schramberg
• DMEGC
• Sen Long Corporation
• Jiangmen Magsource
• AT&M

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Market Segmentation:

In terms of Product Type, the Composite Bonded Magnet market is segmented into:

• Injection molding
• Pressing molding

In terms of Product Application, the Composite Bonded Magnet market is segmented into:

• Automobile
• Electrical and Electronics
• Home Appliances
• Healthcare Equipment
• Others

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The available Composite Bonded Magnet Market Players are listed by region as follows:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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The Composite Bonded Magnet market disquisition report includes the following TOCs:

1. Composite Bonded Magnet Market Report Overview


2. Global Growth Trends


3. Composite Bonded Magnet Market Competition Landscape by Key Players


4. Composite Bonded Magnet Data by Type


5. Composite Bonded Magnet Data by Application


6. Composite Bonded Magnet North America Market Analysis


7. Composite Bonded Magnet Europe Market Analysis


8. Composite Bonded Magnet Asia-Pacific Market Analysis


9. Composite Bonded Magnet Latin America Market Analysis


10. Composite Bonded Magnet Middle East & Africa Market Analysis


11. Composite Bonded Magnet Key Players Profiles Market Analysis


12. Composite Bonded Magnet Analysts Viewpoints/Conclusions


13. Appendix

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Composite Bonded Magnet Market Dynamics ( Drivers, Restraints, Opportunity, Challenges)

The global Composite Bonded Magnet market is driven by the increasing demand for lightweight and compact magnets in industries such as automotive, electronics, and healthcare. The growing focus on energy efficiency and sustainability is also fueling market growth. However, the market faces restraints such as rising raw material costs and limited availability of rare earth metals. Nevertheless, the market presents significant opportunities for growth due to ongoing technological advancements and increasing adoption of composite bonded magnets in various applications. One of the key challenges for the market is the stringent regulations related to environmental impact and recycling of magnets.

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