Magnetics Business & Technology - September/October 2020 - 24

INDUSTRY NEWS

Adams Magnetic Tallies Up 70 Years of
Success
Adams Magnetic Products has
come a long way since opening
the doors of its Chicago facility in
1950. Since then, the company
has tallied up a remarkable string
of business success and diverse
applications of magnetic products
and technology over 70 years.

ing the original round base magnet developed by Adams over 60
years ago, a long-time best-seller, with over 1,000,000 units sold
last year alone.
For the full account, see their blog, "Adams by the Numbers 2020
- 70 Years of Success!"
The company was founded in 1950 by Leo Weinstein who named
it Adams to be first in the phone book. Today, Adams Magnetic
Products is a custom manufacturer, fabricator and distributor
of all types of permanent magnets, magnet assemblies and devices. Its magnets are used in guitar pickups, hall effect sensors,
package closures, motor applications, point of purchase displays
and signage, among many products and applications.

From the Hubble telescope
and the space shuttle to Harley
Davidson motorcycles and more, Adams magnets can be found
at the bottom of the ocean, on the open road, in outer space, and
everywhere in between. Ninety percent of this year's Fortune 500
companies have ordered Adams magnets!
Celebrating the milestone, the company compiled seven fun
anniversary facts that give a fascinating peek into its 70-year history. Here are a few:
Four times around the globe: 4 is the number of times the magnet strips it has sold would stretch around the equator.

In 2017 it relocated its West Coast operations from Irvine, CA to
a new expanded facility in Carlsbad, shown above. For more info
see www.adamsmagnetic.com

Magnetic Particle Fluids Market to Reach
$5.5 Billion

Enough magnetic strips for four trips around the equator
100+ is the number of lifesaving safety and medical products incorporating Adams magnets into their designs, including centrifugal heart pumps and magnetic CSF shunts.
1,000+ is the number of NDA-protected, top-secret projects utilizing Adams magnets. (Shhh!)
100,000+ is the number of customers served including household
names like NASA, General Motors and Walgreens.
1,000,000,000+ is the number of magnets sold by Adams, includ-

The global market for magnetic
particle fluids is growing by 15% annually and expected to double in size
in five years from its 2019 level of
$2.8 billion. It will reach $5.5 billion in
2024, according to a market research
report, "Magnetorheological Fluid
versus Ferro Fluids: Emerging Markets", published by BCC Research.
Main applications for magnetic fluids
are damping, sealing, precision
polishing and mechanical power
transmission, life sciences and audiology. Both types of fluids
covered in the study are suspensions of magnetic particles but
differ markedly in size.
Magnetorheological fluids, which have considerably larger particles sized typically 1 to 10 micrometers, are the dominant type
in the market and account for about 95% of the market revenues.
Ferrofluids have nanometer-sized magnetic particles, typically in
the range of 1 to 100 nanometers. This enables them to maintain
Brownian motion which helps the particles to remain in suspension in the liquid.
For more info, see www.bccresearch.com.

Round base magnets still a big seller

Magnetics Business & Technology * September/October 2020

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Magnetics Business & Technology - September/October 2020

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