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Global Magnetic Plastics Market Share, Size, Analysis, Growth, Forecast: By Type: Polyimides, Polyurethanes, Polyepoxides, Others; By End Use: Food Packaging, Chemical, Electric and Electronics, Healthcare and Medical, Others; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Global Magnetic Plastics Market Outlook

The global market size for magnetic plastics reached a value of more than USD 35.2 million in 2021. The global magnetic plastics market is expected to grow at a CAGR of 7.70% between 2023 and 2028, reaching a value of USD 54.93 million by 2027.

 

Key Trends in the Market

A magnetic plastic or plastic magnet is a metal-free or non-metallic magnet is made with an organic polymer. The organic polymers commonly used to make plastic magnets is made up of hydrogen and carbon which have various electronic properties making the plastic magnets functional. A relatively new technology with the first room temperature functioning magnetic plastic developed in 2004, the product offers immense potential.

 

  • Properties low density and lightweight is growing the demand for magnetic plastics in the automotive industry. With high concerns on the fuel economy, automakers have reduced the weight and improved the efficiency of ignitions in automobiles by using magnetic plastics, which has contributed to the growth of the overall magnetic plastics market.
  • Metallic magnets corrode easily but plastic magnets have non-corrosive properties. They do not react with any material, allowing it to be used widely without applying any additional coatings to it.
  • Development of magnetic plastics could be a great asset in creating a clean and safe environment. A large number of plastics that are disposed off in oceans tend to harm both human and marine life drastically. However, plastic magnets can be made from recycling plastics, by shredding the plastics into small flakes and mixing with magnetic polymers.

 

Market Analysis

Based on type, the magnetic plastics market is segmented into polyimides, polyurethanes, polyepoxides and others. On the basis of end use, the market is divided into food packaging, chemical, electric and electronics, healthcare and medical, and others. By region, the market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global magnetic plastics market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Thyssenkrupp AG
  • Ingeniería Magnetica Aplicada SLU
  • Sura Magnets AB
  • omatec AG
  • Evitron Sp. z o.o.
  • Kolektor Magnet Technology GmbH
  • Eclipse Magnetics
  • Bunting DuBois
  • MS Schramberg GmbH & Co. KG
  • Others

 

Market Share by Type

The type of material used in the production of magnetic plastics has a direct impact on the characteristics of the final magnetic plastic and its applications. Polyurethanes are durable and are used largely in magnetic plastics, due to their versatility, generating a strong demand for the magnetic plastics market.

 

Polyepoxides are used when the magnetic plastic is needed for and adhesive purpose such as in the construction of aircrafts, vehicles, or bicycles. Polyimide a challenging material to use, due to which it is only utilised when the magnetic plastic is required to withstand high pressure.

 

Market Share by Region

Rising use of magnetic plastics in the Asia Pacific region, driven by demands from the medical industry has contributed largely to the overall market. Magnetic plastics are used for cochlear implants and pacemakers in the Asia Pacific region.

 

China dominates the regional market, due to the strong presence of manufacturing units for various products that use magnetic plastics. Countries such as India, Brazil, and South Africa are expected to witness growth in the magnetic plastics market, particularly in manufacturing, due to the low labour costs and overheads.

 

Competitive Landscape

Thyssenkrupp AG founded in 1999 has its headquarter in Essen, Germany. It is a multinational company that deals with machines and industrial sectors. It focuses on production of steel that is used in elevators, ship building, and for many other industrial services.

 

Sura Magnets AB manufactures permanent magnets and was established in 1954 with headquarters in Sweden. With their range of products such as magnetic plugs, plastic bonded magnets, and magnetic materials, they serve the automotive industry, medical industry, and general industries.

 

Bomatec AG founded in 1933 has its headquarter located in Switzerland. They believe in fulfilling the customers demand keeping in mind quality and sustainable growth factors. They are primarily an import company dealing with clutches, brakes, electric motors, and other industrial use appliances.

 

Other market players include Ingeniería Magnetica Aplicada SLU, Evitron Sp. Z.o.o., Kolektor Magnet Technology GmbH, Eclipse Magnetics, Bunting-DuBois, and MS Schramberg GmbH & Co. KG, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • End Use
  • Region
Breakup by Type
  • Polyimides
  • Polyurethanes
  • Polyepoxides
  • Others
Breakup by End Use
  • Food Packaging
  • Chemical
  • Electric and Electronics
  • Healthcare and Medical
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Thyssenkrupp AG
  • Ingeniería Magnetica Aplicada SLU
  • Sura Magnets AB
  • Bomatec AG
  • Evitron Sp. z o.o.
  • Kolektor Magnet Technology GmbH
  • Eclipse Magnetics
  • Bunting-DuBois.
  • MS-Schramberg GmbH & Co. KG
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Magnetic Plastics Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Magnetic Plastics Historical Market (2018-2022) 
    8.3    Global Magnetic Plastics Market Forecast (2023-2028)
    8.4    Global Magnetic Plastics Market by Type
        8.4.1    Polyimides
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Polyurethanes
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Polyepoxides
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Magnetic Plastics Market by End Use
        8.5.1    Food Packaging
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Chemical
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Electric and Electronics
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Healthcare and Medical
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Others
    8.6    Global Magnetic Plastics Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Magnetic Plastics Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Magnetic Plastics Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Magnetic Plastics Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Magnetic Plastics Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Magnetic Plastics Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Thyssenkrupp AG
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Ingeniería Magnetica Aplicada SLU
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Sura Magnets AB
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Bomatec AG
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Evitron Sp. z o.o.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Kolektor Magnet Technology GmbH
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Eclipse Magnetics
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Bunting-DuBois.
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    MS-Schramberg GmbH & Co. KG
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Others
17    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Magnetic Plastics Market: Key Industry Highlights, 2018 and 2028
2.    Global Magnetic Plastics Historical Market: Breakup by Type (USD Million), 2018-2022
3.    Global Magnetic Plastics Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    Global Magnetic Plastics Historical Market: Breakup by End Use (USD Million), 2018-2022
5.    Global Magnetic Plastics Market Forecast: Breakup by End Use (USD Million), 2023-2028
6.    Global Magnetic Plastics Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Magnetic Plastics Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Magnetic Plastics Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Magnetic Plastics Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Magnetic Plastics Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Magnetic Plastics Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Magnetic Plastics Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Magnetic Plastics Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Magnetic Plastics Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Magnetic Plastics Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Magnetic Plastics Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Magnetic Plastics Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Global Magnetic Plastics Market Structure
 

Key Questions Answered in the Report

The global market size for magnetic plastics reached a value of more than USD 35.2 million in 2021.

The global market for magnetic plastics is expected to grow at a CAGR of 7.70% between 2023 and 2028.

Increasing use of magnetic plastics in the healthcare industry and their use in electrical products are the major market drivers.

The global market size for magnetic plastics is expected to reach a value of more than USD 54.93 million in 2027.

The key trends of the market are the non-corrosive and lightweight properties of magnetic plastics, advancements in their development, and use of recycled plastics to produce magnetic plastics.

The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key players in the magnetic plastics market are Thyssenkrupp AG, Ingeniería Magnetica Aplicada SLU, Sura Magnets AB, Bomatec AG, Evitron Sp. Z.o.o., Kolektor Magnet Technology GmbH, Eclipse Magnetics, Bunting DuBois, and MS Schramberg GmbH & Co. KG, among others.

A magnet plastic is a metal-free or non-metallic magnet which uses an organic polymer.

Magnetic plastics contain organic polymers made up of hydrogen and carbon which have various electronic properties, giving magnetic characteristics to the magnetic plastic.

Market is segmented based on type, end use, and region.

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