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Magnetic Plastics Market Demands and Growth Prediction 2015 – 2021

A magnetic plastic is a non-metallic magnet made from an organic polymer. PANiCNQ, which is a combination of tetracyanoquinodimethane (TCNQ) and emeraldine-based polyaniline (PANi) is an example of a magnetic plastic. PANiCNQ was created by researchers at the University of Durham in 2004 and was the first magnetic plastic to function at room temperature. PANiCNQ is a conductive polymer that is stable in air and is 1/100th the strength of conventional metal magnets. When combined with the free radical-forming TCNQ as an acceptor molecule, it can mimic the mechanism of metallic magnets. Magnetic plastics could lead to the development of inexpensive and flexible devices for quantum computing and superconducting electronics. _x005F
_x005F Magnetic plastics have several advantages over their metallic counterparts, such as being less dense and are useful in applications where weight is a concern. Magnetic plastics have superior cost-performance ratio and can be produced in a large variety of shapes. Sprayed magnets are typical composite materials. The magnetic powder is embedded in thermoplastics (polyamides), allowing the most diverse shapes to be created. Magnetic plastics are free from surface corrosion. Hence they can be used in numerous application fields without additional coating._x005F
_x005F Magnetic plastics have applications in food, electronics and medical industry. Magnetic plastics are used in computer hardware, for example as disc drives and in medical devices such as cochlear implants and pacemakers where the organic material is more likely to be biocompatible than its metallic counterpart. These can be used to manufacture magnetic switches or inductive assemblies. In the food industry, magnetic plastics are used to manufacture tanks, moulds, scrapers, housings and other parts. These components do not always come into direct contact with foodstuffs but may contaminate the food with parts of different sizes if damaged. This has given rise to the demand that all plastic parts, which may come into contact with food should be detectable and suit-able for use in the food sector. Magnetic plastics can also be used to manufacture magnetic deflector beams, magnetic rollers for color television sets, rotating magnets in motors for office equipment, cooling fans, magnets for rotational or frequency sensor and motors in the automotive industry among others. _x005F
_x005F Magnetic plastics are produced by embedding hard ferrite or rare earth magnet powder in plastic. First, the magnet powder and the plastic are mixed in special equipment. Then the mixture is pressed or processed in modified injection molding machines. This process achieves very narrow tolerances, so that post processing is normally unnecessary._x005F
_x005F The demand for magnetic plastics will be driven by growth in consumer industry. As there is increase in production of personal computers, mobile phones and generators, there will be increase in consumption of magnetic plastics. _x005F
_x005F Asia Pacific is the largest market for magnetic plastics. China is the dominant country market in Asia Pacific, accounting for majority of the magnetic plastics market in Asia Pacific. Most of the larger manufacturing units are located outside the developed economies particularly in emerging economies, to take advantage of lower labor costs and overheads. South East Asian countries, India, South Africa and Brazil are expected to have significant growth in near future._x005F
_x005F Some of the key players in this market are OM Group, ALL Magnetics Inc, ThyssenKrupp, Arnold Magnetic Technologies and Kolektor Magnet Technology GmbH among others._x005F
_x005F Key geographies evaluated in this report are:_x005F _x005F _x005F North America _x005F _x005F U.S_x005F _x005F _x005F Canada_x005F _x005F _x005F Europe _x005F _x005F France, Germany, Italy, Spain, and the UK_x005F _x005F _x005F Eastern Europe_x005F _x005F _x005F CIS_x005F _x005F _x005F APAC _x005F _x005F China_x005F _x005F _x005F India_x005F _x005F _x005F Japan_x005F _x005F _x005F Australia_x005F _x005F _x005F Others_x005F _x005F _x005F Latin America _x005F _x005F Argentina_x005F _x005F _x005F Brazil_x005F _x005F _x005F Others_x005F _x005F _x005F _x005F

ort_x005F _x005F Drivers, restraints, and challenges shaping the Magnetic Plastics market dynamics_x005F Latest innovations and key events in the industry_x005F Analysis of business strategies of the top players_x005F Magnetic Plastics market estimates and forecasts(2015 -2021)_x005F _x005F _x005F _x005F _x005F _x005F

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