The Plate Magnets Market is expected to register a CAGR of 8.5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
This Plate Magnets Market report gives a detailed assessment regarding the use of these equipment as a separation technology in industries such as food processing, waste recycling, and mining. It gives an overview of the latest market trends, growth drivers, market strategies and technological advancements in the techniques of magnetic separation. This report further scrutinizes the market based on various applications as well as regions, giving a transparent view on regional demand and the wants and needs of the market as per the industry type. This report also evaluates and identifies all the key market players involved in the industry. The report also describes the industry strategies that these market leaders are adopting in order to stay competitive in the industry, along with the innovative strategies implemented by the new entrants. This report is for every stakeholder who wants to enhance separation techniques or reduce the risks of contaminating their products.
Purpose of the ReportThe report Plate Magnets Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Plate Magnets Market Segmentation
Product Type- High Strength Magnetic Plates
- Low Strength Magnetic Plates
- Food
- Agricultural
- Industrial
- Mining
Strategic Insights
Plate Magnets Market Growth Drivers- Rise in demand from several industries: A continued increase in demand for metal separation solutions due to growing requirements in the food processing, pharmaceutical, recycling and parcel handling industries is driving the plate magnets market.
- Regulatory Mandates: Emerging legislations are pressuring businesses to maintain stricter quality standards, and investing in more robust filtration systems become inevitable in order to avoid product contamination in the long-term.
- Automation technology: The market is boosted by a surge in the adoption of industrial automation and robotics in various industries in order to enhance efficiency and maintain high product safety levels. As per a survey with 75% of food manufacturers, 75% of the respondent has invested or plans to invest in designing, installing or updating metal detection systems in the coming five years. The key to capture a greater market share is to focus on innovation and compliance.
- Magnet based separation: Some emerging trends in the Plate Magnets Market are an increasing number of magnet based separation solutions such as advanced magnetic strengths such as high?intensity magnets.
- Tailor-made magnets: Increased demand for tailor?made systems suiting industry?specific applications.
- Eco-friendly materials: conservation of natural resources, use of eco?friendly materials by most manufactures, and use of smart technology integrated filtration systems providing onsite monitoring and data.
- Expansion into developing countries: The Plate Magnets Market provides significant potential, particularly in less developed countries where industrialisation is increasing. As producers face more regulations regarding safety and quality of products, this will inevitably lead to additional demands for a better quality metal separation solutions. Thereby, further increasing the demand for more innovative separations methods. Potential for the companies that manage to develop new energy-saving products for instance, will be enormous.
- Partnership and Collaboration: As it seems there is a general downward trend for most raw iron, steel and nonferrous metals what creates new necessities, partnerships with for example construction and mining industries can broaden the market share.
- Green Practices: Considering an increase in awareness of green practices, more and more companies will focus on producing eco-products, possibly also targeted towards enviromentally conscious consumers, presenting an great potential.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Plate Magnets Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Plate Magnets Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Plate magnets: The segment to gain prominence in the future with high emphasis on customisation, modular design to cater to the requirements of application.In plate magnets market, farm to fork innovations will take a major step forward with advanced magnetic materials and automation in separation at high speed ovens for better efficiency in catering different application for food processing and recovery.
Key players in this market - Acro-Magnetics Inc, Bunting, Eriez Manufacturing Co., Goudsmit Magnetics, Hangseng Magnetech Co., Ltd., Industrial Magnetics, Inc., MAGNETIC PRODUCTS, INC., Magnetic Systems International, MASTER MAGNETICS, Inc. (Magnet Source), Puritan Magnetics
The market is expected to register a CAGR of 8.5% during 2021-2031.
Increased focus on preventing contamination in the food processing and recycling industries and regulatory compliance requirements for food safety, maintaining hygiene and product quality propel the plate magnets market demand. Technological advancements in magnetic materials increase magnet power to achieve higher efficiencies.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Plate Magnets Market - By Product Type
1.3.2Plate Magnets Market - By Applications
1.3.3Plate Magnets Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.PLATE MAGNETS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.PLATE MAGNETS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.PLATE MAGNETS MARKET - GLOBAL MARKET ANALYSIS
6.1.PLATE MAGNETS - GLOBAL MARKET OVERVIEW
6.2.PLATE MAGNETS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.PLATE MAGNETS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1.OVERVIEW
7.2.PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3.HIGH STRENGTH MAGNETIC PLATES
7.3.1.Overview
7.3.2.High Strength Magnetic Plates Market Forecast and Analysis
7.4.LOW STRENGTH MAGNETIC PLATES
7.4.1.Overview
7.4.2.Low Strength Magnetic Plates Market Forecast and Analysis
8.PLATE MAGNETS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATIONS
8.1.OVERVIEW
8.2.APPLICATIONS MARKET FORECASTS AND ANALYSIS
8.3.FOOD
8.3.1.Overview
8.3.2.Food Market Forecast and Analysis
8.4.AGRICULTURAL
8.4.1.Overview
8.4.2.Agricultural Market Forecast and Analysis
8.5.INDUSTRIAL
8.5.1.Overview
8.5.2.Industrial Market Forecast and Analysis
8.6.MINING
8.6.1.Overview
8.6.2.Mining Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis
9.PLATE MAGNETS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Plate Magnets Market Overview
9.1.2North America Plate Magnets Market Forecasts and Analysis
9.1.3North America Plate Magnets Market Forecasts and Analysis - By Product Type
9.1.4North America Plate Magnets Market Forecasts and Analysis - By Applications
9.1.5North America Plate Magnets Market Forecasts and Analysis - By Countries
9.1.5.1United States Plate Magnets Market
9.1.5.1.1United States Plate Magnets Market by Product Type
9.1.5.1.2United States Plate Magnets Market by Applications
9.1.5.2Canada Plate Magnets Market
9.1.5.2.1Canada Plate Magnets Market by Product Type
9.1.5.2.2Canada Plate Magnets Market by Applications
9.1.5.3Mexico Plate Magnets Market
9.1.5.3.1Mexico Plate Magnets Market by Product Type
9.1.5.3.2Mexico Plate Magnets Market by Applications
9.2.EUROPE
9.2.1Europe Plate Magnets Market Overview
9.2.2Europe Plate Magnets Market Forecasts and Analysis
9.2.3Europe Plate Magnets Market Forecasts and Analysis - By Product Type
9.2.4Europe Plate Magnets Market Forecasts and Analysis - By Applications
9.2.5Europe Plate Magnets Market Forecasts and Analysis - By Countries
9.2.5.1Germany Plate Magnets Market
9.2.5.1.1Germany Plate Magnets Market by Product Type
9.2.5.1.2Germany Plate Magnets Market by Applications
9.2.5.2France Plate Magnets Market
9.2.5.2.1France Plate Magnets Market by Product Type
9.2.5.2.2France Plate Magnets Market by Applications
9.2.5.3Italy Plate Magnets Market
9.2.5.3.1Italy Plate Magnets Market by Product Type
9.2.5.3.2Italy Plate Magnets Market by Applications
9.2.5.4United Kingdom Plate Magnets Market
9.2.5.4.1United Kingdom Plate Magnets Market by Product Type
9.2.5.4.2United Kingdom Plate Magnets Market by Applications
9.2.5.5Russia Plate Magnets Market
9.2.5.5.1Russia Plate Magnets Market by Product Type
9.2.5.5.2Russia Plate Magnets Market by Applications
9.2.5.6Rest of Europe Plate Magnets Market
9.2.5.6.1Rest of Europe Plate Magnets Market by Product Type
9.2.5.6.2Rest of Europe Plate Magnets Market by Applications
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Plate Magnets Market Overview
9.3.2Asia-Pacific Plate Magnets Market Forecasts and Analysis
9.3.3Asia-Pacific Plate Magnets Market Forecasts and Analysis - By Product Type
9.3.4Asia-Pacific Plate Magnets Market Forecasts and Analysis - By Applications
9.3.5Asia-Pacific Plate Magnets Market Forecasts and Analysis - By Countries
9.3.5.1Australia Plate Magnets Market
9.3.5.1.1Australia Plate Magnets Market by Product Type
9.3.5.1.2Australia Plate Magnets Market by Applications
9.3.5.2China Plate Magnets Market
9.3.5.2.1China Plate Magnets Market by Product Type
9.3.5.2.2China Plate Magnets Market by Applications
9.3.5.3India Plate Magnets Market
9.3.5.3.1India Plate Magnets Market by Product Type
9.3.5.3.2India Plate Magnets Market by Applications
9.3.5.4Japan Plate Magnets Market
9.3.5.4.1Japan Plate Magnets Market by Product Type
9.3.5.4.2Japan Plate Magnets Market by Applications
9.3.5.5South Korea Plate Magnets Market
9.3.5.5.1South Korea Plate Magnets Market by Product Type
9.3.5.5.2South Korea Plate Magnets Market by Applications
9.3.5.6Rest of Asia-Pacific Plate Magnets Market
9.3.5.6.1Rest of Asia-Pacific Plate Magnets Market by Product Type
9.3.5.6.2Rest of Asia-Pacific Plate Magnets Market by Applications
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Plate Magnets Market Overview
9.4.2Middle East and Africa Plate Magnets Market Forecasts and Analysis
9.4.3Middle East and Africa Plate Magnets Market Forecasts and Analysis - By Product Type
9.4.4Middle East and Africa Plate Magnets Market Forecasts and Analysis - By Applications
9.4.5Middle East and Africa Plate Magnets Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Plate Magnets Market
9.4.5.1.1South Africa Plate Magnets Market by Product Type
9.4.5.1.2South Africa Plate Magnets Market by Applications
9.4.5.2Saudi Arabia Plate Magnets Market
9.4.5.2.1Saudi Arabia Plate Magnets Market by Product Type
9.4.5.2.2Saudi Arabia Plate Magnets Market by Applications
9.4.5.3U.A.E Plate Magnets Market
9.4.5.3.1U.A.E Plate Magnets Market by Product Type
9.4.5.3.2U.A.E Plate Magnets Market by Applications
9.4.5.4Rest of Middle East and Africa Plate Magnets Market
9.4.5.4.1Rest of Middle East and Africa Plate Magnets Market by Product Type
9.4.5.4.2Rest of Middle East and Africa Plate Magnets Market by Applications
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Plate Magnets Market Overview
9.5.2South and Central America Plate Magnets Market Forecasts and Analysis
9.5.3South and Central America Plate Magnets Market Forecasts and Analysis - By Product Type
9.5.4South and Central America Plate Magnets Market Forecasts and Analysis - By Applications
9.5.5South and Central America Plate Magnets Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Plate Magnets Market
9.5.5.1.1Brazil Plate Magnets Market by Product Type
9.5.5.1.2Brazil Plate Magnets Market by Applications
9.5.5.2Argentina Plate Magnets Market
9.5.5.2.1Argentina Plate Magnets Market by Product Type
9.5.5.2.2Argentina Plate Magnets Market by Applications
9.5.5.3Rest of South and Central America Plate Magnets Market
9.5.5.3.1Rest of South and Central America Plate Magnets Market by Product Type
9.5.5.3.2Rest of South and Central America Plate Magnets Market by Applications
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.PLATE MAGNETS MARKET, KEY COMPANY PROFILES
11.1.ACRO-MAGNETICS INC
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.BUNTING
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.ERIEZ MANUFACTURING CO.
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.GOUDSMIT MAGNETICS
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.HANGSENG MAGNETECH CO.,LTD.
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.INDUSTRIAL MAGNETICS, INC.
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.MAGNETIC PRODUCTS, INC
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.MAGNETIC SYSTEMS INTERNATIONAL
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.MASTER MAGNETICS , INC. (MAGNET SOURCE)
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.PURITAN MAGNETICS
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. Acro-Magnetics Inc
2. Bunting
3. Eriez Manufacturing Co.
4. Goudsmit Magnetics
5. Hangseng Magnetech Co.,Ltd.
6. Industrial Magnetics, Inc.
7. MAGNETIC PRODUCTS, INC
8. Magnetic Systems International
9. MASTER MAGNETICSÂ, Inc. (Magnet Source)
10. Puritan Magnetics
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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