Global Ferrite Magnets Market Growth 2023-2029

Global Ferrite Magnets Market Growth 2023-2029

Ferrite Magnets are also called Ceramic Magnets. There are mainly two types of ferrite magnets, Barium ferrite (BaO.6Fe2O3) and Strontium ferrite (SrO.6Fe2O3). Compared with other permanent magnets, sintered ferrite magnet is cheap. It is most suitable for most sensitive, but need not very high performance applicaitons. As this is a non-metal magnets, it is the ideal magnets for applications that require non-rusty magnets in humit envirument.
Sintered ferrite (ceramic) magnets are also available in forms of isotropic and an-isotropic. The magnetic properties of isotropic ferrite are the same in all directions, therefore they can be magnetized in any pole arrangements. An-isotropic ferrite magnets, on the other hand, can only be magnetized in the direction they are oriented during production, but they have much higher magnetic strength than isptropic ones.
The most common hard ferrites are:
Strontium ferrite, SrFeO (SrO·6FeO), used in small electric motors, micro-wave devices, recording media, magneto-optic media, telecommunication and electronic industry.
Barium ferrite, BaFeO (BaO·6FeO), a common material for permanent magnet applications. Barium ferrites are robust ceramics that are generally stable to moisture and corrosion-resistant. They are used in e.g. loudspeaker magnets and as a medium for magnetic recording, e.g. on magnetic stripe cards.
Cobalt ferrite, CoFeO (CoO·FeO), used in some media for magnetic recording.
LPI (LP Information)' newest research report, the “Ferrite Magnets Industry Forecast” looks at past sales and reviews total world Ferrite Magnets sales in 2022, providing a comprehensive analysis by region and market sector of projected Ferrite Magnets sales for 2023 through 2029. With Ferrite Magnets sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ferrite Magnets industry.
This Insight Report provides a comprehensive analysis of the global Ferrite Magnets landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ferrite Magnets portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Ferrite Magnets market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ferrite Magnets and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ferrite Magnets.
The global Ferrite Magnets market size is projected to grow from US$ 3706.2 million in 2022 to US$ 4496.8 million in 2029; it is expected to grow at a CAGR of 4496.8 from 2023 to 2029.
The major players in global Ferrite Magnets market include TDK, Hitachi Metals, DMEGC, etc. The top 3 players occupy about 20% shares of the global market. China and Europe are main markets, they occupy about 50% of the global market. Sintered Ferrite Magnet is the main type, with a share about 70%. Electro-Acoustic Products and Automotive Industry are main applications, which hold a share about 50%.
This report presents a comprehensive overview, market shares, and growth opportunities of Ferrite Magnets market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Sintered Ferrite Magnet
Bonded Ferrite Magnet
Segmentation by application
Electro-Acoustic Products
Toy Industry
Automotive Industry
Home Appliance Industry
Computer Industry
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
TDK
Hitachi Metals
DMEGC
Guangdong JPMF
Sinomag
Union Materials
Tokyo Ferrite
BGRIMM Magnetic Materials
Hunan Aerospace Magnet &Magneto
Zhejiang Kaiven Magnet
Guangzhou Golden South
Shunde Baling Group
Meizhou Magnetic Materials
Key Questions Addressed in this Report
What is the 10-year outlook for the global Ferrite Magnets market?
What factors are driving Ferrite Magnets market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Ferrite Magnets market opportunities vary by end market size?
How does Ferrite Magnets break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.