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The global market size for magnetic plastics reached a value of more than USD 40.83 million in 2023. The global magnetic plastics market is expected to grow at a CAGR of 7.70% between 2024 and 2032, reaching a value of USD 79.60 million by 2032.
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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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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.
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.
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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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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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*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 (2018-2023)
8.3 Global Magnetic Plastics Market Forecast (2024-2032)
8.4 Global Magnetic Plastics Market by Type
8.4.1 Polyimides
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Polyurethanes
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Polyepoxides
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Chemical
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Electric and Electronics
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Healthcare and Medical
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America Magnetic Plastics Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Magnetic Plastics Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Magnetic Plastics Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Magnetic Plastics Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
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 2032
2. Global Magnetic Plastics Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Magnetic Plastics Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Magnetic Plastics Historical Market: Breakup by End Use (USD Million), 2018-2023
5. Global Magnetic Plastics Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. Global Magnetic Plastics Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Magnetic Plastics Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Magnetic Plastics Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Magnetic Plastics Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Magnetic Plastics Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Magnetic Plastics Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Magnetic Plastics Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Magnetic Plastics Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Magnetic Plastics Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Magnetic Plastics Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Magnetic Plastics Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Magnetic Plastics Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Magnetic Plastics Market Structure
The global market size for magnetic plastics reached a value of more than USD 40.83 million in 2023.
The global market for magnetic plastics is expected to grow at a CAGR of 7.70% between 2024 and 2032.
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 79.60 million in 2032.
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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