Magnetic Polymers Market Size, Share & Growth Report | 2031
Magnetic Polymers Market Size, Share & Growth Report | 2031
Segments - Magnetic Polymers Market by Type (Metal-ion Polymers, Purely Organic-derived Magnetic Polyradical Molecules, and Polymer-composite/Metal Oxide-based Ferromagnetic Particles), Material (Polyurethanes, Polyamides, Polyepoxides, Polydimethylsiloxan, and Others) Application (Research, Chemical, Medical, Automotive, Waste Treatment, Electronics, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-5098
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| 184 Pages
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Report Description
The magnetic polymers market size was valued at nearly USD 38.3 Bn in 2022 and is anticipated to reach USD 76.6 Bn by 2031, expanding at a CAGR of 8% during the forecast period, 2023-2031. Rising research & developments to increase the applications of these polymers in the automotive and biomedical industries is expected to fuel the market.
Magnetic polymers are functional polymers having magnetic properties that include ferrimagnetic, paramagnetic, and ferromagnetic. They are primarily used in industrial applications sensors, automotive parts, probes, and small motors. Magnetic polymer particles are manufactured through the treatment of solutions of iron salts and other metallic salts with porous polymer particles. This leads to the formation of magnetic ferrites formed through the swelling of the solution or penetration into polymer particles.
Magnetic powders such as cobalt ferrite, nickel, strontium ferrite, and iron(II,III) oxide are typically included in magnetic polymers. Epoxies, polyimides, and polyurethanes are preferred matrix products. Magnetic polymers use a combination of polyaniline and tetracyanoquino dimethane with ferromagnetic compounds with the ability to attract metals. The metallic forces of attraction of magnetic polymers depend on the presence of electrically uncharged materials.
The market report finds that the COVID-19 pandemic fragmented the magnetic polymers market with the abrupt shutting down of automobile, electronics, and food manufacturing plants around the globe. With the shutting down of production lines and shortage of labor the production of these polymers and related products was heavily affected during the pandemic.
Magnetic Polymers Market Dynamics
Drivers
Growing application of magnetic polymer material in biomedical devices such as drug delivery systems or catheters is expected to boost the market. Biomedical devices made up of magnetic polymer are thin and flexible; therefore, they can enter the veins, which is expected to propel the market.
Restraints
Magnetic polymers have high manufacturing costs due to fluctuating prices of natural gas and crude oil, as the base formation materials, which restrains the market.
Opportunities
Growing R&D for the application of magnetic polymer in the field of drug delivery is expected to provide lucrative opportunities in the market. Extensive research in externally controlled magnetic fields in drug delivery to pinpointed locations is estimated to create opportunities in market.
Scope of Magnetic Polymers Market Report
The report on the global magnetic polymers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Magnetic Polymers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016 – 2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Metal-ion Polymers, Purely Organic-derived Magnetic Polyradical Molecules, and Polymer-composite/Metal Oxide-based Ferromagnetic Particles), Material (Polyurethanes, Polyamides, Polyepoxides, Polydimethylsiloxan, and Others), and Application (Research, Chemical, Medical, Automotive, Waste Treatment, Electronics, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Thyssenkrupp; BINIC MAGNET; Sinomag; Sura Magnets; MS-Schramberg GmbH; Bomatec; and Hengdian Group DMEGC Magnetics |
Magnetic Polymers Market Segment Insights
In terms of type, the market is divided into the metal-ion polymer, purely organic-derived magnetic polyradical molecules, and polymer-composite/metal oxide-based ferromagnetic particles segment. The purely organic-derived magnetic polyradical molecules segment is expected to expand at a significant pace during the projection period due to the extensive usage in producing magnetic plastics. Manipulated polarized light optical devices are manufactured primarily using organic polymer materials which are expected to propel the segment.
The polymer-composite/metal oxide-based ferromagnetic particles segment is anticipated to hold a key share of the market, owing to the high biocompatibility and stability they offer. Large-scale production of polymer composites for ferromagnetic polymer production without using organic solvents is expected to boost the segment during the forecast period.
Based on material, the magnetic polymers market is divided into polyurethanes, polyamides, polyepoxides, polydimethylsiloxan, and others. The polyepoxides segment is anticipated to hold a key share of the market, due to high glass transition temperatures. Flux-resistant magnet bodies are favorable characteristics of the magnetic polymer. Growing applications of polyphenelic polyglycidyl ethers as imidazole-curing agents are expected to fuel the growth of polyepoxides.
The polyamides segment is expected to expand exponentially in the coming years owing to their good coefficient of friction, superior wear resistance, and favored temperature and impact properties in the manufacturing of carpets and clothing. Nylon polyamides are known to exhibit excellent chemical and oil resistance. The growing use in manufacturing fishing lines, electrical guitar picks & strings, and gears that require flexibility is expected to propel the segment.
On the basis of the application, the market is divided into research, chemical, medical, automotive, waste treatment, electronics, and others. The automotive segment is expected to dominate the market during the forecast period, owing to increased usage in the manufacturing of power windows, speedometers, vipers, automotive 3D printing, mirrors, wheel speed sensors, fuel gauges, and crash sensors for high-impact resistance and temperature properties which is expected to propel the segment.
The electronics segment is expected to expand exponentially in the coming years due to growing applications of magnetic polymer in the manufacturing of wire and cable insulation, adhesives, encapsulants, molded products, and circuit boards. Magnetic polymer bends are corrosion-resistant and lighter in weight which is expected to fuel the segment growth.
In terms of region, the global magnetic polymers market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to dominate the market during the projection period owing to the extensive use of polymers in automobiles in India and China in particular. China has rich reserves of rare earth metal deposits necessary for the manufacturing of magnetic polymer which is likely to propel the market in North America.
The market in North America is projected to grow at a rapid pace in the coming years, owing to a well-established and expanded healthcare industry. Extensive use of polymers in the healthcare packaging industry is propelling the segment growth. Magnetic polymers are extensively used in imaging, extraction of biomolecules, cancer treatments, target drug delivery systems, and hyperthermia which are expected to drive the market in North America.
Segments
The global magnetic polymers market has been segmented on the basis of
Type
- Metal-ion Polymers
- Purely Organic-derived Magnetic Polyradical Molecules
- Polymer-composite/Metal Oxide-based Ferromagnetic Particles
Material
- Polyurethanes
- Polyamides
- Polyepoxides
- Polydimethylsiloxan
- Others
Application
- Research
- Chemical
- Medical
- Automotive
- Waste Treatment
- Electronics
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Thyssenkrupp
- BINIC MAGNET
- Sinomag
- Sura Magnets
- MS-Schramberg GmbH
- Bomatec
- Hengdian Group DMEGC Magnetics
Competitive Landscape
Key players competing in the magnetic polymers market Thyssenkrupp; BINIC MAGNET; Sinomag; Sura Magnets; MS-Schramberg GmbH; Bomatec; and Hengdian Group DMEGC Magnetics.
These companies deploy development strategies including feasibility studies, strategic goals, strategic analysis, and setting up of strategic objectives. to expand their consumer base worldwide. The competitive landscape covers key insights into growth strategies adopted by major market players.
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In October 2022, Chalker Research Lab at Flinders University tested sulfur-rich polymer material and magnetic iron particles that combined unsaturated plant oil and elemental sulfur for magnetic properties rich polymeric material. The mixture of iron particles imparted the moving ability to the material using a magnet.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnetic Polymers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Magnetic Polymers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnetic Polymers Market - Supply Chain
4.5. Global Magnetic Polymers Market Forecast
4.5.1. Magnetic Polymers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnetic Polymers Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Magnetic Polymers Market Absolute $ Opportunity
5. Global Magnetic Polymers Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Magnetic Polymers Market Size and Volume Forecast by Types
5.3.1. Metal-ion Polymers
5.3.2. Purely Organic-derived Magnetic Polyradical Molecules
5.3.3. Polymer-composite/Metal Oxide-based Ferromagnetic Particles
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Magnetic Polymers Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Magnetic Polymers Market Size and Volume Forecast by Applications
6.3.1. Research
6.3.2. Chemical
6.3.3. Medical
6.3.4. Automotive
6.3.5. Waste Treatment
6.3.6. Electronics
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Magnetic Polymers Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Magnetic Polymers Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Magnetic Polymers Demand Share Forecast, 2019-2026
8. North America Magnetic Polymers Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Magnetic Polymers Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Magnetic Polymers Market Size and Volume Forecast by Types
8.4.1. Metal-ion Polymers
8.4.2. Purely Organic-derived Magnetic Polyradical Molecules
8.4.3. Polymer-composite/Metal Oxide-based Ferromagnetic Particles
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Magnetic Polymers Market Size and Volume Forecast by Applications
8.7.1. Research
8.7.2. Chemical
8.7.3. Medical
8.7.4. Automotive
8.7.5. Waste Treatment
8.7.6. Electronics
8.7.7. Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Magnetic Polymers Demand Share Forecast, 2019-2026
9. Latin America Magnetic Polymers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Magnetic Polymers Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Magnetic Polymers Market Size and Volume Forecast by Types
9.4.1. Metal-ion Polymers
9.4.2. Purely Organic-derived Magnetic Polyradical Molecules
9.4.3. Polymer-composite/Metal Oxide-based Ferromagnetic Particles
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Magnetic Polymers Market Size and Volume Forecast by Applications
9.7.1. Research
9.7.2. Chemical
9.7.3. Medical
9.7.4. Automotive
9.7.5. Waste Treatment
9.7.6. Electronics
9.7.7. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Magnetic Polymers Demand Share Forecast, 2019-2026
10. Europe Magnetic Polymers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Magnetic Polymers Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Magnetic Polymers Market Size and Volume Forecast by Types
10.4.1. Metal-ion Polymers
10.4.2. Purely Organic-derived Magnetic Polyradical Molecules
10.4.3. Polymer-composite/Metal Oxide-based Ferromagnetic Particles
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Magnetic Polymers Market Size and Volume Forecast by Applications
10.7.1. Research
10.7.2. Chemical
10.7.3. Medical
10.7.4. Automotive
10.7.5. Waste Treatment
10.7.6. Electronics
10.7.7. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Magnetic Polymers Demand Share Forecast, 2019-2026
11. Asia Pacific Magnetic Polymers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Magnetic Polymers Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Magnetic Polymers Market Size and Volume Forecast by Types
11.4.1. Metal-ion Polymers
11.4.2. Purely Organic-derived Magnetic Polyradical Molecules
11.4.3. Polymer-composite/Metal Oxide-based Ferromagnetic Particles
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Magnetic Polymers Market Size and Volume Forecast by Applications
11.7.1. Research
11.7.2. Chemical
11.7.3. Medical
11.7.4. Automotive
11.7.5. Waste Treatment
11.7.6. Electronics
11.7.7. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Magnetic Polymers Demand Share Forecast, 2019-2026
12. Middle East & Africa Magnetic Polymers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Magnetic Polymers Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Magnetic Polymers Market Size and Volume Forecast by Types
12.4.1. Metal-ion Polymers
12.4.2. Purely Organic-derived Magnetic Polyradical Molecules
12.4.3. Polymer-composite/Metal Oxide-based Ferromagnetic Particles
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Magnetic Polymers Market Size and Volume Forecast by Applications
12.7.1. Research
12.7.2. Chemical
12.7.3. Medical
12.7.4. Automotive
12.7.5. Waste Treatment
12.7.6. Electronics
12.7.7. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Magnetic Polymers Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Magnetic Polymers Market: Market Share Analysis
13.2. Magnetic Polymers Distributors and Customers
13.3. Magnetic Polymers Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Thyssenkrupp
13.4.2. BINIC MAGNET
13.4.3. Sinomag
13.4.4. Sura Magnets
13.4.5. MS-Schramberg GmbH
13.4.6. Bomatec
13.4.7. Hengdian Group DMEGC Magnetics
Methodology
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