| Product Code: ETC13204377 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Bonded Magnet Market was valued at USD 1.9 Billion in 2024 and is expected to reach USD 2.7 Billion by 2031, growing at a compound annual growth rate of 6.90% during the forecast period (2025-2031).
The global bonded magnet market is expected to witness steady growth due to the increasing demand for compact and lightweight magnets in various industries such as automotive, electronics, and healthcare. Bonded magnets are composed of magnetic powders mixed with a binder material, providing flexibility in shape and design compared to traditional magnets. Factors driving market growth include the rising adoption of electric vehicles, growth in the consumer electronics sector, and advancements in healthcare technology. Asia-Pacific is anticipated to dominate the market owing to the presence of key manufacturers and the expanding automotive and electronics industries in the region. Key players in the global bonded magnet market include Arnold Magnetic Technologies, Bunting Magnetics Co., Hitachi Metals Ltd., and TDK Corporation, among others.
The Global Bonded Magnet Market is experiencing significant growth, driven by increasing demand from industries such as automotive, electronics, and healthcare. The market is witnessing a shift towards miniaturization and lightweight components, leading to a higher adoption of bonded magnets due to their superior magnetic properties. Additionally, the focus on renewable energy sources like wind turbines and electric vehicles is creating a surge in demand for bonded magnets. Opportunities in the market include the development of advanced technologies to enhance the performance of bonded magnets, as well as the expansion of applications in emerging sectors such as robotics and aerospace. Companies investing in research and development to innovate new products with improved efficiency and sustainability are likely to capitalize on the growing opportunities in the Global Bonded Magnet Market.
The Global Bonded Magnet Market faces several challenges, including fluctuating raw material prices, competition from alternative magnet technologies, and the need for continuous innovation to meet evolving industry requirements. Raw material prices, particularly those of rare earth elements like neodymium and samarium, can impact production costs and overall profitability. Additionally, the market faces competition from technologies such as ceramic and ferrite magnets, which offer lower costs but may not always match the performance of bonded magnets. To stay competitive, manufacturers in the bonded magnet market must invest in research and development to enhance product performance, explore new applications, and optimize manufacturing processes. Adapting to changing regulations and ensuring a sustainable and ethical supply chain are also key challenges faced by the industry.
The Global Bonded Magnet Market is driven by several key factors, including the increasing demand for bonded magnets in various industries such as automotive, electronics, and healthcare due to their superior magnetic properties and design flexibility. The growing trend of miniaturization in electronic devices, coupled with the rising use of bonded magnets in electric vehicles and renewable energy applications, is also fueling market growth. Additionally, the advantages offered by bonded magnets, such as cost-effectiveness, high energy density, and excellent corrosion resistance, are further driving their adoption across different sectors. Technological advancements in manufacturing processes and the development of new applications for bonded magnets are expected to continue propelling the market forward in the coming years.
Government policies related to the Global Bonded Magnet Market vary by country but generally revolve around regulations on materials used in the production of bonded magnets, environmental standards for manufacturing processes, and trade policies affecting the import and export of bonded magnets. For example, in the United States, the EPA regulates the use of materials such as rare earth metals in bonded magnets due to environmental concerns, while trade policies such as tariffs can impact the cost and availability of bonded magnets in the market. In China, which is a major producer of bonded magnets, government policies focus on promoting domestic production and ensuring compliance with environmental regulations. Overall, government policies play a significant role in shaping the global bonded magnet market by influencing production processes, supply chains, and trade dynamics.
The Global Bonded Magnet Market is poised for significant growth in the coming years due to the rising demand for miniaturization and energy-efficient electronic products across various industries such as automotive, electronics, and healthcare. Bonded magnets offer advantages like high magnetic strength, design flexibility, and cost-effectiveness, driving their adoption in a wide range of applications. Additionally, the increasing focus on sustainable technologies and the development of new magnetic materials with enhanced properties are expected to further propel market growth. With technological advancements and ongoing research in the field, the Global Bonded Magnet Market is forecasted to witness steady expansion, creating lucrative opportunities for market players in the near future.
In the global bonded magnet market, Asia Pacific holds a dominant position due to the presence of key manufacturers in countries like China and Japan. The region is also experiencing high demand for bonded magnets across various industries such as automotive, electronics, and healthcare. North America and Europe are significant markets for bonded magnets, driven by technological advancements and increasing adoption in sectors like renewable energy and aerospace. The Middle East and Africa region is witnessing steady growth in the bonded magnet market, primarily driven by the expanding automotive and electronics industries. Latin America is also showing promising growth opportunities, supported by the rising investments in infrastructure development and the automotive sector. Overall, the global bonded magnet market is poised for continuous growth across all regions, fueled by the increasing demand for efficient and miniaturized electronic devices.
Global Bonded Magnet Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Bonded Magnet Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Bonded Magnet Market Revenues & Volume, 2021 & 2031F |
3.3 Global Bonded Magnet Market - Industry Life Cycle |
3.4 Global Bonded Magnet Market - Porter's Five Forces |
3.5 Global Bonded Magnet Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Bonded Magnet Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Global Bonded Magnet Market Revenues & Volume Share, By Process, 2021 & 2031F |
3.8 Global Bonded Magnet Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Bonded Magnet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Bonded Magnet Market Trends |
6 Global Bonded Magnet Market, 2021 - 2031 |
6.1 Global Bonded Magnet Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Bonded Magnet Market, Revenues & Volume, By Rare-earth Bonded Magnets, 2021 - 2031 |
6.1.3 Global Bonded Magnet Market, Revenues & Volume, By Ferrite Bonded Magnets, 2021 - 2031 |
6.1.4 Global Bonded Magnet Market, Revenues & Volume, By Hybrid Bonded Magnets, 2021 - 2031 |
6.2 Global Bonded Magnet Market, Revenues & Volume, By Process, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Bonded Magnet Market, Revenues & Volume, By Compression, 2021 - 2031 |
6.2.3 Global Bonded Magnet Market, Revenues & Volume, By Injection Molding, 2021 - 2031 |
6.2.4 Global Bonded Magnet Market, Revenues & Volume, By Extrusion, 2021 - 2031 |
6.2.5 Global Bonded Magnet Market, Revenues & Volume, By Calendering, 2021 - 2031 |
6.3 Global Bonded Magnet Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Bonded Magnet Market, Revenues & Volume, By Automotive & Transportation, 2021 - 2031 |
6.3.3 Global Bonded Magnet Market, Revenues & Volume, By Electrical & Electronics, 2021 - 2031 |
6.3.4 Global Bonded Magnet Market, Revenues & Volume, By Industrial, 2021 - 2031 |
6.3.5 Global Bonded Magnet Market, Revenues & Volume, By Medical, 2021 - 2031 |
6.3.6 Global Bonded Magnet Market, Revenues & Volume, By Power Generation, 2021 - 2031 |
6.3.7 Global Bonded Magnet Market, Revenues & Volume, By Military & Aerospace, 2021 - 2031 |
6.3.8 Global Bonded Magnet Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Bonded Magnet Market, Overview & Analysis |
7.1 North America Bonded Magnet Market Revenues & Volume, 2021 - 2031 |
7.2 North America Bonded Magnet Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Bonded Magnet Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.4 North America Bonded Magnet Market, Revenues & Volume, By Process, 2021 - 2031 |
7.5 North America Bonded Magnet Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Bonded Magnet Market, Overview & Analysis |
8.1 Latin America (LATAM) Bonded Magnet Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Bonded Magnet Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Bonded Magnet Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.4 Latin America (LATAM) Bonded Magnet Market, Revenues & Volume, By Process, 2021 - 2031 |
8.5 Latin America (LATAM) Bonded Magnet Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Bonded Magnet Market, Overview & Analysis |
9.1 Asia Bonded Magnet Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Bonded Magnet Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Bonded Magnet Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.4 Asia Bonded Magnet Market, Revenues & Volume, By Process, 2021 - 2031 |
9.5 Asia Bonded Magnet Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Bonded Magnet Market, Overview & Analysis |
10.1 Africa Bonded Magnet Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Bonded Magnet Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Bonded Magnet Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.4 Africa Bonded Magnet Market, Revenues & Volume, By Process, 2021 - 2031 |
10.5 Africa Bonded Magnet Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Bonded Magnet Market, Overview & Analysis |
11.1 Europe Bonded Magnet Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Bonded Magnet Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Bonded Magnet Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.4 Europe Bonded Magnet Market, Revenues & Volume, By Process, 2021 - 2031 |
11.5 Europe Bonded Magnet Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Bonded Magnet Market, Overview & Analysis |
12.1 Middle East Bonded Magnet Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Bonded Magnet Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Bonded Magnet Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Bonded Magnet Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.4 Middle East Bonded Magnet Market, Revenues & Volume, By Process, 2021 - 2031 |
12.5 Middle East Bonded Magnet Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Bonded Magnet Market Key Performance Indicators |
14 Global Bonded Magnet Market - Export/Import By Countries Assessment |
15 Global Bonded Magnet Market - Opportunity Assessment |
15.1 Global Bonded Magnet Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Bonded Magnet Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.3 Global Bonded Magnet Market Opportunity Assessment, By Process, 2021 & 2031F |
15.4 Global Bonded Magnet Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Bonded Magnet Market - Competitive Landscape |
16.1 Global Bonded Magnet Market Revenue Share, By Companies, 2024 |
16.2 Global Bonded Magnet Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |