The global market size for magnetic plastics reached a value of more than USD 43.97 Million in 2025. The global magnetic plastics market is expected to grow at a CAGR of 7.70% between 2026 and 2035, reaching a value of USD 92.32 Million by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
7.7%
Value in USD Million
2026-2035
*this image is indicative*
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.
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The EMR’s report titled “Magnetic Plastics Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by End Use
Market Breakup by Region
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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.
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.
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.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
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.
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The global market size for magnetic plastics reached a value of more than USD 43.97 Million in 2025.
The global market for magnetic plastics is expected to grow at a CAGR of 7.70% between 2026 and 2035.
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 92.32 Million in 2035.
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.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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