Bonded Magnet Market Top Manufacturers, Insights, Trends and Forecasts Report
Bonded Magnet Market: Introduction In terms of value, the global bonded magnet market is anticipated to expand at a CAGR of ~6% from 2020 to 2030 and cross US$ 3 Bn by 2030. Asia Pacific dominated the global bonded magnet market in terms of volume in 2019. It is estimated to be the leading region of the global bonded magnet market during the forecast period. The electrical & electronics industry is projected to offer lucrative opportunities for the global bonded magnet market in the near future. Get a Free Sample Copy of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=29480 Bonded Magnet Market: Major Drivers and Restraints In the transportation industry, an optimally designed motor with isotropic bonded magnets helps lower the motor weight and volume by 50 % to 60 %. Therefore, increase in adoption of bonded magnets in the automotive industry, owing to their lightweight property, ...