Global Soft Ferrite Core Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Soft Ferrite Core Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Soft ferrite cores are materials that are easy to magnetize and demagnetize, and are mainly used to enhance and/or guide the magnetic flux generated by current. Soft ferrite cores are widely used in power electronic circuits, such as voltage and current transformers, saturated reactors, magnetic amplifiers, inductors, and chokes. These magnetic devices may be required to operate at 50/60 Hz or frequencies as low as dc or above 1 MHz.

Market Overview:

The latest research study on the global Soft Ferrite Core market finds that the global Soft Ferrite Core market reached a value of USD 1467.0 million in 2022. It’s expected that the market will achieve USD 2163.58 million by 2028, exhibiting a CAGR of 6.69% during the forecast period.

Influence of COVID-19 Outbreak on Soft Ferrite Core Industry Development

The coronavirus pandemic has brought the entire world to a standstill. Due to reduced production and demand, business activities declined in the form of reduced sales. In the past few months, due to the closure of key manufacturing units and factories, long-term blockades in different countries and regions have damaged the production of soft ferrite cores. Even if the lock is released, it will take at least a few quarters to get production back to normal. Therefore, the contract demand of related industries in 2020 will have a long-term adverse effect on the growth of the global soft ferrite core market. Due to supply chain disruptions, the continuing pandemic has reduced all industrial activities.
As the basic core material of key electronic components, soft ferrite cores are mainly used in electronic components, components and terminal electronic product companies. These are mainly technology and labor-intensive products. From the current public data, the manufacturing industry has been greatly affected. The soft ferrite core industry has a large area of suspension and production. At present, most companies have not resumed work and production. Therefore, downstream applications have affected soft ferrite cores during the epidemic. The demand almost stopped. The stop and decline of downstream demand may cause some small, medium and micro enterprises to fall into trouble. The production of downstream components, components, and terminal products requires a lot of labor. Due to the different epidemics in different regions, the epidemic control situation is also different. As downstream companies in various regions resume work and production as conditions permit, the soft ferrite core market is part of the Demand will slowly recover.

Market Drivers Analysis

With the development of production and application technology of high temperature resistant iron powder core manufacturers, soft ferrite cores have continuously made new innovations and improvements in applications such as inductors, transformers, filters, etc. to meet market needs. Due to the research of soft ferrite cores, magnetic cores of various shapes made of soft ferrite materials have been formed. Different combinations of these cores have different performance and characteristics to meet different needs of people.
Magnetic cores made of these materials are widely used in broadcasting, television, communications, computer technology, automatic control, aerospace technology, electronic equipment and other IT industries. And used to make various types of transformers, inductors, chokes, suppressors, filters and other devices. These factors have promoted the development of the soft ferrite core market.
Soft ferrite cores can obtain high magnetic permeability without using rare materials such as nickel. The powder metallurgy method is suitable for mass production, so the cost is low, and because the sintered material has high hardness and is not sensitive to stress, it is applied in very convenient. With the emergence of soft ferrite cores, the production of magnetic powder cores has been greatly reduced, and many places where magnetic powder cores were originally used have been replaced by soft ferrite cores. This factor has promoted the development of the soft ferrite core market.

Region Overview:

From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

TDK is one of the major players operating in the Soft Ferrite Core market, holding a share of 13.03% in 2020.

TDK CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of passive components, sensor application products, magnetic application products and energy application products. The Company operates in four business segments.

Hengdian Group DMEGC Magnetics Co., Ltd was established in 1980 and their products cover 23 categories with over 1000 specifications, including hard ferrite magnets, ferrite cores, solar cells, solar modules, rare earth magnets, motor housing, hard alloys, batteries, and flexible copper clad laminate etc., widely used in the fields of electronic appliance, automotive, communication and so on. The corporation has become the largest production base of hard ferrite magnet in the world and ferrite cores in China, highly recognized as Chinese Magnetic Capital.

Segmentation Overview:

Among different product types, Manganese-Zinc Ferrite Core segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Communication segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Soft Ferrite Core market covered in Chapter 3:

Haining Lianfeng Magnet
KaiYuan Magnetism
Acme Electronics
TDG
DMEGC
HEC GROUP
FERROXCUBE
Nanjing New Conda
TDK
Samwha Electronics
Magnetics
JPMF

In Chapter 4 and Chapter 14.2, on the basis of types, the Soft Ferrite Core market from 2018 to 2029 is primarily split into:

Manganese-Zinc Ferrite Core
Nickel-Zinc Ferrite Core
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Soft Ferrite Core market from 2018 to 2029 covers:

Consumer Electronics
Household appliances
Communication
Automotive
LED
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)