Magnetic Plastics Growth Analysis Report - Market Size, Share, Forecast Trends and Outlook (2025-2034)
Market Report I 2025-07-21 I 157 Pages I EMR Inc.
The global market size for magnetic plastics reached a value of more than USD 40.83 Million in 2024. The global magnetic plastics market is expected to grow at a CAGR of 7.70% between 2025 and 2034, reaching a value of USD 85.73 Million by 2034.
Key Trends in the Market
A magnetic plastic or plastic magnet is a metal-free or non-metallic magnet is made with an organic polymer. The organic polymers commonly used to make plastic magnets is made up of hydrogen and carbon which have various electronic properties making the plastic magnets functional. A relatively new technology with the first room temperature functioning magnetic plastic developed in 2004, the product offers immense potential.
- Properties low density and lightweight is growing the demand for magnetic plastics in the automotive industry. With high concerns on the fuel economy, automakers have reduced the weight and improved the efficiency of ignitions in automobiles by using magnetic plastics, which has contributed to the growth of the overall magnetic plastics market.
- Metallic magnets corrode easily but plastic magnets have non-corrosive properties. They do not react with any material, allowing it to be used widely without applying any additional coatings to it.
- Development of magnetic plastics could be a great asset in creating a clean and safe environment. A large number of plastics that are disposed off in oceans tend to harm both human and marine life drastically. However, plastic magnets can be made from recycling plastics, by shredding the plastics into small flakes and mixing with magnetic polymers.
Market Segmentation
The EMR's report titled "Magnetic Plastics Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Polyimides
- Polyurethanes
- Polyepoxides
- Others
Market Breakup by End Use
- Food Packaging
- Chemical
- Electric and Electronics
- Healthcare and Medical
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Share by Type
The type of material used in the production of magnetic plastics has a direct impact on the characteristics of the final magnetic plastic and its applications. Polyurethanes are durable and are used largely in magnetic plastics, due to their versatility, generating a strong demand for the magnetic plastics market.
Polyepoxides are used when the magnetic plastic is needed for and adhesive purpose such as in the construction of aircrafts, vehicles, or bicycles. Polyimide a challenging material to use, due to which it is only utilised when the magnetic plastic is required to withstand high pressure.
Market Share by Region
Rising use of magnetic plastics in the Asia Pacific region, driven by demands from the medical industry has contributed largely to the overall market. Magnetic plastics are used for cochlear implants and pacemakers in the Asia Pacific region.
China dominates the regional market, due to the strong presence of manufacturing units for various products that use magnetic plastics. Countries such as India, Brazil, and South Africa are expected to witness growth in the magnetic plastics market, particularly in manufacturing, due to the low labour costs and overheads.
Competitive Landscape
Thyssenkrupp AG founded
Thyssenkrupp AG foundedin 1999 has its headquarter in Essen, Germany. It is a multinational company that deals with machines and industrial sectors. It focuses on production of steel that is used in elevators, ship building, and for many other industrial services.
Sura Magnets AB
Sura Magnets ABmanufactures permanent magnets and was established in 1954 with headquarters in Sweden. With their range of products such as magnetic plugs, plastic bonded magnets, and magnetic materials, they serve the automotive industry, medical industry, and general industries.
Bomatec AG
Bomatec AGfounded in 1933 has its headquarter located in Switzerland. They believe in fulfilling the customers demand keeping in mind quality and sustainable growth factors. They are primarily an import company dealing with clutches, brakes, electric motors, and other industrial use appliances.
Other market players include Ingenieria Magnetica Aplicada SLU, Evitron Sp. Z.o.o., Kolektor Magnet Technology GmbH, Eclipse Magnetics, Bunting-DuBois, and MS Schramberg GmbH & Co. KG, among others.
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Magnetic Plastics Market Analysis
5.1 Key Industry Highlights
5.2 Global Magnetic Plastics Historical Market (2018-2024)
5.3 Global Magnetic Plastics Market Forecast (2025-2034)
5.4 Global Magnetic Plastics Market by Type
5.4.1 Polyimides
5.4.1.1 Market Share
5.4.1.2 Historical Trend (2018-2024)
5.4.1.3 Forecast Trend (2025-2034)
5.4.2 Polyurethanes
5.4.2.1 Market Share
5.4.2.2 Historical Trend (2018-2024)
5.4.2.3 Forecast Trend (2025-2034)
5.4.3 Polyepoxides
5.4.3.1 Market Share
5.4.3.2 Historical Trend (2018-2024)
5.4.3.3 Forecast Trend (2025-2034)
5.4.4 Others
5.5 Global Magnetic Plastics Market by End Use
5.5.1 Food Packaging
5.5.1.1 Market Share
5.5.1.2 Historical Trend (2018-2024)
5.5.1.3 Forecast Trend (2025-2034)
5.5.2 Chemical
5.5.2.1 Market Share
5.5.2.2 Historical Trend (2018-2024)
5.5.2.3 Forecast Trend (2025-2034)
5.5.3 Electric and Electronics
5.5.3.1 Market Share
5.5.3.2 Historical Trend (2018-2024)
5.5.3.3 Forecast Trend (2025-2034)
5.5.4 Healthcare and Medical
5.5.4.1 Market Share
5.5.4.2 Historical Trend (2018-2024)
5.5.4.3 Forecast Trend (2025-2034)
5.5.5 Others
5.6 Global Magnetic Plastics Market by Region
5.6.1 North America
5.6.1.1 Market Share
5.6.1.2 Historical Trend (2018-2024)
5.6.1.3 Forecast Trend (2025-2034)
5.6.2 Europe
5.6.2.1 Market Share
5.6.2.2 Historical Trend (2018-2024)
5.6.2.3 Forecast Trend (2025-2034)
5.6.3 Asia Pacific
5.6.3.1 Market Share
5.6.3.2 Historical Trend (2018-2024)
5.6.3.3 Forecast Trend (2025-2034)
5.6.4 Latin America
5.6.4.1 Market Share
5.6.4.2 Historical Trend (2018-2024)
5.6.4.3 Forecast Trend (2025-2034)
5.6.5 Middle East and Africa
5.6.5.1 Market Share
5.6.5.2 Historical Trend (2018-2024)
5.6.5.3 Forecast Trend (2025-2034)
6 North America Magnetic Plastics Market Analysis
6.1 United States of America
6.1.1 Market Share
6.1.2 Historical Trend (2018-2024)
6.1.3 Forecast Trend (2025-2034)
6.2 Canada
6.2.1 Market Share
6.2.2 Historical Trend (2018-2024)
6.2.3 Forecast Trend (2025-2034)
7 Europe Magnetic Plastics Market Analysis
7.1 United Kingdom
7.1.1 Market Share
7.1.2 Historical Trend (2018-2024)
7.1.3 Forecast Trend (2025-2034)
7.2 Germany
7.2.1 Market Share
7.2.2 Historical Trend (2018-2024)
7.2.3 Forecast Trend (2025-2034)
7.3 France
7.3.1 Market Share
7.3.2 Historical Trend (2018-2024)
7.3.3 Forecast Trend (2025-2034)
7.4 Italy
7.4.1 Market Share
7.4.2 Historical Trend (2018-2024)
7.4.3 Forecast Trend (2025-2034)
7.5 Others
8 Asia Pacific Magnetic Plastics Market Analysis
8.1 China
8.1.1 Market Share
8.1.2 Historical Trend (2018-2024)
8.1.3 Forecast Trend (2025-2034)
8.2 Japan
8.2.1 Market Share
8.2.2 Historical Trend (2018-2024)
8.2.3 Forecast Trend (2025-2034)
8.3 India
8.3.1 Market Share
8.3.2 Historical Trend (2018-2024)
8.3.3 Forecast Trend (2025-2034)
8.4 ASEAN
8.4.1 Market Share
8.4.2 Historical Trend (2018-2024)
8.4.3 Forecast Trend (2025-2034)
8.5 Australia
8.5.1 Market Share
8.5.2 Historical Trend (2018-2024)
8.5.3 Forecast Trend (2025-2034)
8.6 Others
9 Latin America Magnetic Plastics Market Analysis
9.1 Brazil
9.1.1 Market Share
9.1.2 Historical Trend (2018-2024)
9.1.3 Forecast Trend (2025-2034)
9.2 Argentina
9.2.1 Market Share
9.2.2 Historical Trend (2018-2024)
9.2.3 Forecast Trend (2025-2034)
9.3 Mexico
9.3.1 Market Share
9.3.2 Historical Trend (2018-2024)
9.3.3 Forecast Trend (2025-2034)
9.4 Others
10 Middle East and Africa Magnetic Plastics Market Analysis
10.1 Saudi Arabia
10.1.1 Market Share
10.1.2 Historical Trend (2018-2024)
10.1.3 Forecast Trend (2025-2034)
10.2 United Arab Emirates
10.2.1 Market Share
10.2.2 Historical Trend (2018-2024)
10.2.3 Forecast Trend (2025-2034)
10.3 Nigeria
10.3.1 Market Share
10.3.2 Historical Trend (2018-2024)
10.3.3 Forecast Trend (2025-2034)
10.4 South Africa
10.4.1 Market Share
10.4.2 Historical Trend (2018-2024)
10.4.3 Forecast Trend (2025-2034)
10.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter's Five Forces Analysis
11.2.1 Supplier's Power
11.2.2 Buyer's Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Supplier Selection
13.2 Key Global Players
13.3 Key Regional Players
13.4 Key Player Strategies
13.5 Company Profiles
13.5.1 Thyssenkrupp AG
13.5.1.1 Company Overview
13.5.1.2 Product Portfolio
13.5.1.3 Demographic Reach and Achievements
13.5.1.4 Certifications
13.5.2 Ingenieria Magnetica Aplicada SLU
13.5.2.1 Company Overview
13.5.2.2 Product Portfolio
13.5.2.3 Demographic Reach and Achievements
13.5.2.4 Certifications
13.5.3 Sura Magnets AB
13.5.3.1 Company Overview
13.5.3.2 Product Portfolio
13.5.3.3 Demographic Reach and Achievements
13.5.3.4 Certifications
13.5.4 Bomatec AG
13.5.4.1 Company Overview
13.5.4.2 Product Portfolio
13.5.4.3 Demographic Reach and Achievements
13.5.4.4 Certifications
13.5.5 Evitron Sp. z o.o.
13.5.5.1 Company Overview
13.5.5.2 Product Portfolio
13.5.5.3 Demographic Reach and Achievements
13.5.5.4 Certifications
13.5.6 Kolektor Magnet Technology GmbH
13.5.6.1 Company Overview
13.5.6.2 Product Portfolio
13.5.6.3 Demographic Reach and Achievements
13.5.6.4 Certifications
13.5.7 Eclipse Magnetics
13.5.7.1 Company Overview
13.5.7.2 Product Portfolio
13.5.7.3 Demographic Reach and Achievements
13.5.7.4 Certifications
13.5.8 Bunting-DuBois.
13.5.8.1 Company Overview
13.5.8.2 Product Portfolio
13.5.8.3 Demographic Reach and Achievements
13.5.8.4 Certifications
13.5.9 MS-Schramberg GmbH & Co. KG
13.5.9.1 Company Overview
13.5.9.2 Product Portfolio
13.5.9.3 Demographic Reach and Achievements
13.5.9.4 Certifications
13.5.10 Others
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