Rubber magnets are generally ferrite powder bonded with a synthetic rubber compound and are made of a resilient, flexible, and adjustable rubber material. Rubber magnets are generally processed into roll, strips, block, sheet, ring, and all other types of complex shapes. They have excellent flexural resistance and flexibility as they are processed through extrusion molding, injection molding, or calendaring. Rubber magnets are also coated with paper, PVC film, UV oil coating, double-sided adhesive, or color die, which is then cut into different shapes depending upon the requirements. As the rubber magnets are flexible, the semi-finished or finished product can be punched, slit, cut, or laminated according to the specific requirements. There are two major types of rubber magnets, namely, isotropic and anisotropic rubber magnets. Rubber magnets are widely used in automotive, aerospace, electrical, and transportation industries.
Rubber magnets have gained wide acceptance in several end-user industries owing to their superior performance and a wide number of advantageous properties such as high permeability, flexibility, and adjustability. Moreover, rapid growth of the global automotive industry and increase in demand for flexible magnetic tapes, especially in the electrical & electronics industry, drive the global rubber magnets market. Moreover, rise in per capita disposable incomes and increase in demand in transportation of heavy goods are expected to boost this growth. However, high manufacturing costs and volatility in iron ore prices may hamper the market growth. Although surge in investments in R&D activities and innovations in new products and manufacturing process of rubber magnets are expected to pose lucrative opportunities in the future.
The global rubber magnet market is segmented based on type, process, end-use industry, and geography. On the basis of type, tit is bifurcated into isotropic and anisotropic. On the basis of process it is divided into extrusion molding, injection molding, and others. The end-use industries include aerospace, automotive, electrical & electronics, transportation, and others. On the basis of geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global market focus on key market strategies, such as mergers, acquisitions, collaborations, and partnerships, to strengthen their market reach and maintain their position in the competitive market.
Some Of The Key Players In The Global Market Include:
- Adams Magnetic
- Arnold Magnetic
- Beijing Zhong Ke
- Dexter Magnetic
- Electron Energy Corp
- Feller Magtech
- Fuzhou AO Magnet
- This report provides a quantitative analysis of the current trends, estimations, and dynamics from 2016 to 2023 to assist in identifying the prevailing market opportunities.
- Major countries in each region are mapped according to the individual market revenue.
- The region- and country-wise rubber magnet market conditions are comprehensively analyzed.
- This study evaluates the competitive landscape and the value chain analysis to understand the competitive environment across geographies.
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.
Rubber Magnet Market Key Segments:
- Injection Molding
- Extrusion Molding
By End-use Industry
- Electrical & Electronics
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA