Magnetic Viewing Film Market Scope
Magnetic Viewing Film, Sometimes also known as Green Magnet Viewing Film, is made from a plastic film that contains a ferromagnetic slurry of fine nickel particles that align themselves along magnetic field lines, used to show where magnetic pole faces exist on permanent magnets and direct current (d.c.) electromagnetic devices. This green magnetic viewing film will become lighter or darker when a magnetic field is applied. It turns dark when the field lines are perpendicular the surface, and it turns light when the field lines are horizontal, i.e., across the surface allowing the user to see the magnetic field around a magnet.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Adams Magnetic Products (United States), Goudsmit Magnetics (Netherlands), Aussie Magnets (Australia), e-Magnets UK (United kingdom), Hangseng (Ningbo) Magnetech (China) and Magnets NZ (New Zealand) |
CAGR | % |
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Magnetic Viewing Film market throughout the predicted period.
Adams Magnetic Products (United States), Goudsmit Magnetics (Netherlands), Aussie Magnets (Australia), e-Magnets UK (United kingdom), Hangseng (Ningbo) Magnetech (China) and Magnets NZ (New Zealand) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Magnetic Viewing Film market by Type , by Application (Motors, Multipole Magnetic Rings and Other Applications) and Region with country level break-up.
On the basis of geography, the market of Magnetic Viewing Film has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In September 2018 announced the acquisition of Magnetic Media Online, Inc.'s artificial intelligence platform business. Magnetic is a marketing technology company headquartered in New York City. The acquisition signals the strategic importance of enhanced investments in AI, machine learning (ML), and audience data analytics.
In May 2023, Solvay, a global market leader in specialty materials, has announced the launch of KetaSpire® KT-857, a new polyetheretherketone (PEEK) extrusion compound designed especially for copper magnet wire insulation in electric motors. The development of the custom-engineered insulation material was driven by the move of OEMs towards higher density batteries and electric powertrains operating at 800V or above to address the range anxiety of consumers.
Influencing Trend:
Increasing technological trend
Market Growth Drivers:
No electrical supply needed, Inexpensive quality and Used to demonstrate where magnetic fields are work
Challenges:
Not useful in multipurpose way
Restraints:
Not so popular in many of the region
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries