United States Polymer Bonded Magnet Market was valued at USD 0.35 Billion in 2022 and is projected to reach USD 0.65 Billion by 2030, growing at a CAGR of 7.00% from 2024 to 2030.
The US Polymer Bonded Magnet market has witnessed significant growth due to its increasing demand across various industries, especially in automotive, electronics, and renewable energy sectors. These magnets are created by bonding magnetic powders with a polymer binder, offering unique advantages such as versatility, lightweight properties, and resistance to corrosion. Their adaptability makes them a popular choice in applications that require efficient magnetic performance while keeping costs and weight in check.
In recent years, the Polymer Bonded Magnet market has expanded as industries look for more cost-effective and environmentally friendly alternatives to traditional magnets. As demand for smaller, more efficient electronic devices continues to rise, the need for high-performance magnets that meet stringent standards in terms of size, weight, and durability has become essential. The versatility of polymer bonded magnets has led to their adoption in multiple applications such as sensors, actuators, and loudspeakers, where conventional magnets might not be suitable due to their bulk or susceptibility to rust.
The automotive industry plays a key role in driving the growth of this market. Polymer Bonded Magnets are widely used in electric motors, actuators, and power steering systems, where both strength and weight are critical factors. These magnets also support the growing trend of electric vehicle production, with manufacturers turning to these lightweight, durable magnets to meet energy-efficient standards. Additionally, polymer bonded magnets are essential in electric vehicle charging infrastructure, contributing to the smooth operation of electric charging stations and enhancing their overall efficiency.
Industries involved in renewable energy have also significantly increased their demand for polymer bonded magnets. In wind turbines, for example, these magnets are crucial in the design of generators and in maximizing energy production by minimizing weight and improving system efficiency. The lightweight nature of polymer bonded magnets makes them ideal for aerospace applications as well, where every gram matters and performance under extreme conditions is required.
As the polymer bonded magnet market continues to expand, innovations in materials and manufacturing techniques are further fueling demand across diverse sectors. This trend is expected to continue as industries move towards more advanced, energy-efficient technologies, with polymer bonded magnets playing an essential role in shaping future designs.
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Galaxy Magnets
Zhong Ke San Huan
Daido Electronics
Magnequench International
IMA
NINGBO YUNSHENG
Arnold Magnetic. Technologies
TDK
MS-Schramberg
Hengdian Group DMEGC Magnetics
Sen Long Corporation
Jiangmen Magsource New Material
Advanced Technology & Materials
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Polymer Bonded Magnet Market
Rare Earth Magnetic Materials
Alnico Magnetic Materials
Ferrite Magnetic Materials
Automotive
Electronics
Healthcare
Energy
Industrial
Isotropic Magnets
Anisotropic Magnets
Cylindrical
Rectangular
Ring
Disc
Motors
Sensors
Actuators
Magnetic Couplings
Magnetic Separators
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Polymer Bonded Magnet Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Polymer Bonded Magnet Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Polymer Bonded Magnet Market, By Type
6. US Polymer Bonded Magnet Market, By Application
7. US Polymer Bonded Magnet Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Polymer Bonded Magnet Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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