Bonded Magnet Market Size By Product Type, By Application, By Geographic Scope And Forecast
Bonded Magnet Market Size And Forecast
Bonded Magnet market was valued at USD 1.83 Billion in 2019 and is projected to reach USD 3.20 Billion by 2027, growing at a CAGR of 7.2% from 2020 to 2027.
Global Bonded Magnet Market Outlook
Given the multifaceted uses of bonded magnets resulted in making significant progress in a wide range of industries. The bonded magnets are mostly used in computer data storage devices and sensors. The automotive industry, especially the electric car segment is the next potential growth market due to advancements in research and development of DC Motor technology. Existing manufacturing techniques for bonded magnets such as injection molding, calendaring, and extrusion encounter several hurdles in the manufacturing of complex shapes. The advancement in 3D printing technology enables the development of high-quality bonded magnets in complex and abstract shapes and can be developed for specific use cases.
Global Bonded Magnet Market Competitive Landscape
The Global Bonded Magnet Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Advanced Technology Materials Alliance, Xiamen Yuxiang Magnetic Materials, Allstar Magnetics, Arnold Magnetic, VACUUMSCHMELZE, Neo Magnequench, Stanford Magnets, Hitachi .
Global Bonded Magnet Market: Segmentation Analysis
Bonded Magnet Market is segmented into Product Type,Applicationand Geography.
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