Global Hard Ferrite Magnets Market Growth 2023-2029

Global Hard Ferrite Magnets Market Growth 2023-2029

Hard Ferrite Magnets are also called Ceramic Magnets. There are mainly two types of Hard 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 application. As this is a non-metal magnets, it is the ideal magnets for applications that require non-rusty magnets in humid environment.
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 Hard 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 isotropic ones.
LPI (LP Information)' newest research report, the “Hard Ferrite Magnets Industry Forecast” looks at past sales and reviews total world Hard Ferrite Magnets sales in 2022, providing a comprehensive analysis by region and market sector of projected Hard Ferrite Magnets sales for 2023 through 2029. With Hard Ferrite Magnets sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hard Ferrite Magnets industry.
This Insight Report provides a comprehensive analysis of the global Hard 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 Hard Ferrite Magnets portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Hard Ferrite Magnets market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hard 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 Hard Ferrite Magnets.
The global Hard Ferrite Magnets market size is projected to grow from US$ 2994.4 million in 2022 to US$ 3763.5 million in 2029; it is expected to grow at a CAGR of 3763.5 from 2023 to 2029.
The key players of global hard ferrite magnets areTDK,Hitachi Metals, DMEGC, Guangdong JPMF, Sinomag, Union Materials. DMEGC holds the biggest share of about 8%, followed by TDK and Hitachi Metals. The main manufacturer sites locate in Japan, China and South Korea. Bonded ferrite magnet takes more shares than sintered ferrite magnet.In terms of application, electro-acoustic products, toy industry, automotive industry, home appliance industry, computer and office equipment occupy main market shares.
This report presents a comprehensive overview, market shares, and growth opportunities of Hard 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 and Office Equipment
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 Hard Ferrite Magnets market?
What factors are driving Hard Ferrite Magnets market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Hard Ferrite Magnets market opportunities vary by end market size?
How does Hard 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.