Bonded Magnets Market Business Opportunities and Global Forecast to 2030

Rising competition in electronics industry worldwide is fostering innovations in material development – lightweight material housing – for e-drive systems. Bonded magnets market is growing in line with the trend as lightweight, yet cost-effective components remain the top priority of industry executives. Future Market Insights, an ESOMAR-certified market research firm, in an updated edition of its report, revised the forecast to 4.8% CAGR. This revised forecast reflects the sluggishness induced by the COVID-19 pandemic shockwaves.

Get | Download Sample Copy with Graphs & List of Figures@

Bonded Magnets Market Size Study

  • The global bonded magnets market is expected to register revenues worth around US$ 3.5 Bn in 2030
  • Neodymium (NdFeB) magnets would remain highly preferred under rare earth bonded magnets
  • Calendaring bonded magnets to account for over 60% of overall market value
  • Market players to tap growth potential in consumer electronic appliances and medical devices
  • Adoption of bonded magnets to remain prominent in sensors and motors

“Bonded magnets are highly beneficial in medical devices such as MRI machines, and other health monitoring devices as they provide better sterility to these equipment as well as are used to affix components for ingress protection. The adoption of bonded magnets in medical devices is expected to rise at nearly 6% CAGR through 2030,” says analysts at FMI.

COVID-19 Impact on Bonded Magnets Market

The COVID-19 has severely impacted the bonded magnets market, bringing extended global supply chain strategies under scrutiny. Sudden shutdowns of manufacturing units in China – largest producer of rare-earth minerals – and the subsequent ripple effect is triggering widespread chaos across the global market.

Studies reveal that the worldwide sales of light vehicles (LV) are expected to slump by 17.2% in 2020. Moreover, the global sales of electric vehicles (EV) are anticipated to drop by 18% in 2020. Moving forward, the global consumer electronics industry has witnessed a steep decline in sales tantamount to around 60% towards the end of Q2 of 2020.

Bonded magnet manufacturers are heavily dependent on automotive and consumer electronics industries for revenue generation – over 40% collectively. As such, sales dip in both the end-use industries is putting a dent on the demand growth of bonded magnets market. On the flip side, the overall situation of the market is likely to stabilize in H2 of 2020 and Q1 of 2021, as the COVID-19 pandemic subsides.

Request a Complete TOC of this Report with figure @

Bonded Magnets Market: Competitive Intelligence

The global bonded magnets market is fairly consolidated with leading players capturing significant chunk of total market value.

  • Hitachi Metals, Ltd.,
  • Shin-Etsu Chemical Co., Ltd.,
  • Ningbo Yunsheng Co. Ltd.,
  • TDK Corporation, and
  • Advanced Technology Materials Co. Ltd.

comprise of tier-I players in the market.

Leading market players are focusing on acquisitions as well as innovating their product offerings in order to expand their regional footprint and boost sales growth. Case in point,

  • In Jun 2019, TDK Corporation took over Showa Denko K. K.’s neodymium magnet alloy R&D center
  • Magnequench International LLC is developing bonded magnets with high-temperature aging attributes. The magnets are suitable for injection molded and compression molded automotive applications that require optimal aging properties

Bonded Magnets Market Key Segment

Product Type

  • Rare Earth Magnets
    • NdFeB
    •  SmCo
  • Ferrite Magnets
  • Others (Alnico, SmFeN, Hybrids)

Process Type

  • Injection Molded Bonded Magnets
  • Compression Bonded Magnets
  • Calendaring Bonded Magnets
  • Extrusion Bonded Magnets

Application Type

  • Sensors
  • Motors
  • HDD (Hard Disk Drives)
  • Level Gauges
  • Instrument Panels
  • Copier Rotors
  • Fuel Filters
  • Magnetic Couplings

End use Industry

  • Automotive
  • HVAC Equipment
  • Medical Devices
  • Cameras
  • Consumer Electronic Appliances
  • Computers and Magnetic Storage Devices
  • Electrical Equipment
  • Measurement Instruments
  • Printer and Copiers


  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • MEA

To Know More About Bonded Magnets Market:

A new market research report published by Future Market Insights (FMI) on the global bonded magnets market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the bonded magnets market through five different segments – product type, process type, end-use industry, application type, and region. The bonded magnets market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of bonded magnets and product adoption across several end-use industries.

For More Information or Query or Customization Before Buying, Visit@

About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
United Arab Emirates
For Sales

About the Author

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these