Ceramic Magnet Market Forecasts to 2030 – Global Analysis By Type (Semi-Hard Ferrite, Soft Ferrite and Hard Ferrite), Product (Varieties, Ring Magnets, Disc Magnets, Block Magnets, Arc and Other Products), Orientation, Application, End User and By Geograp

Ceramic Magnet Market Forecasts to 2030 – Global Analysis By Type (Semi-Hard Ferrite, Soft Ferrite and Hard Ferrite), Product (Varieties, Ring Magnets, Disc Magnets, Block Magnets, Arc and Other Products), Orientation, Application, End User and By Geography


According to Stratistics MRC, the Global Ceramic Magnet Market is accounted for $9.7 billion in 2023 and is expected to reach $16.3 billion by 2030 growing at a CAGR of 9% during the forecast period. Metallic magnets can be replaced at a lower cost with ceramic magnets. Due to their low production costs and resistance to corrosion and demagnetization, these magnets are employed in a variety of applications. By weight, ceramic magnets account for over 75% of the world's need for permanent magnets. Ceramic magnets are resistant to corrosion and do not need any extra coatings to keep them that way. Natural magnets are weaker than ceramic magnets. Iron oxide and strontium carbonate are calcined to create metallic oxide using ceramic magnets. Ceramic magnets are incredibly strong, and if dropped on a hard surface, they may break or suffer other damage.

Market Dynamics

Driver

Increasing demand for ceramic magnets in the automotive industry and aerospace industry

One of the largest end customers of ceramic magnets is the automobile industry, as these magnets are extensively used in many different applications, including motors, sensors, and generators. The need for ceramic magnets in the automotive industry is anticipated to rise along with the popularity of electric vehicles. Another significant end-user of ceramic magnets is the aircraft sector, which employs these magnets in a variety of actuator, sensor, and generator applications. Ceramic magnet demand is anticipated to be driven by the aerospace industry's growing need for lightweight, high-performance materials.

Restraint

Availability of alternatives and environmental concerns

Neodymium magnets are more expensive than ceramic magnets however work better. The expansion of the ceramic magnet market is anticipated to be constrained by the availability of substitutes such neodymium magnets. Moreover, lead and cadmium, two toxic elements found in ceramic magnets, can be hazardous to the environment.

Opportunity

Rising demand for ceramic magnets in the electrical and electronics industry and in medical devices

Another significant end-user of ceramic magnets is the electrical and electronic sector, where these magnets are utilized in a variety of devices like speakers, motors, and generators. The need for ceramic magnets in the electrical and electronics industry is anticipated to rise along with the popularity of electronic gadgets and appliances. The market for ceramic magnets is anticipated to have tremendous development potential in the medical device sector. Many medical devices, including MRI machines, which are frequently employed in the detection and treatment of numerous disorders, use ceramic magnets.

Threat

Limited supply of raw materials and hazardous byproducts

Many end-use industries use ceramic magnets, however, the extraction and manufacture of these materials can have hazardous byproducts. They are often taken out of rare earth metals. However, during the projected period, the limited supply of these raw materials will also restrain the expansion of the worldwide ceramic magnets market.

The anisotropic segment is expected to be the largest during the forecast period

Anisotropic segment is expected to hold largest share over the forecast period. The most desired magnet in terms of orientation is an anisotropic ceramic magnet because it offers magnetic force in a certain direction and may be directed in that direction. They are popular and have high coercitivity anisotropic ceramic magnets that dominate in the orientation segment because the arrow's magnetization direction is simple.

The automotive segment is expected to have the highest CAGR during the forecast period

Automotive segment is expected to have lucrative growth over the forecast period. The market for ceramic magnets is driven by the automotive industry. Since door locking systems, windshield wipers, and electric windows all use ceramic magnets. A magnet is one of a motor's most important parts. Additionally, magnets are often the static component of motors and provide the rejection force needed to produce circular or linear movement. Because of this, the automobile segment is being driven by the above-mentioned primary variables.

Region with largest share

The Asia Pacific region held the largest share during the period of dominance because the leading nations in the region, such as Japan, China, and South Korea, dominate the ceramic magnet market in the electronic and electrical industries and are extensively used in home appliances and manufacturing centers. As a result, the following nations consume ceramic magnets on a large scale. Furthermore, the automotive industries in China and India are expanding rapidly and are gaining momentum in a wide range of vehicle applications, including motors, wiper motors, mirror adjustments, window motors, door locking systems, and many more.

Region with highest CAGR

North America is expected to have lucrative growth over the projection period. Ceramic magnets are quite popular for use in common applications due to factors including their reduced cost of production and capacity to endure heat (up to 250 degrees Celsius). Additionally, it is anticipated that these magnets' intrinsic coercivity will increase their resistance to demagnetization by outside magnetic fields. These elements are anticipated to stimulate the US market's expansion in this region.

Key players in the market

Some of the key players in Ceramic Magnet market include Dura Magnetic, Inc. , All Star Magetic LLC, Maruwa Co., Ltd., Adams Magnet Production, Bunting, Hangzhou Permanent Magnet Group, JPMF Guangdong Co. Ltd, Ferroxcube, TDK Corporation, DMEGC, Samwha Electronics, Hitachi Metals Ltd., Alliance LLC, Neo Magnequench, Arnold Magnetic Technologies and Rocell.

Key Developments

In December 2022, Hitachi Metals is working with manufacturers to develop motors for electric vehicles that use fewer rare earth metals, which are largely obtained from China.

Types Covered
• Semi-Hard Ferrite
• Soft Ferrite
• Hard Ferrite

Products Covered
• Varieties
• Ring Magnets
• Disc Magnets
• Block Magnets
• Arc
• Other Products

Orientations Covered
• Anisotropic
• Isotropic

Applications Covered
• Consumer Goods
• Power Generation
• Industrial
• Electronics
• Other Applications

End Users Covered
• Medical
• Energy
• Electrical
• Automotive
• Building & Construction
• Other End Users

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Ceramic Magnet Market, By Type
5.1 Introduction
5.2 Semi-Hard Ferrite
5.3 Soft Ferrite
5.4 Hard Ferrite
6 Global Ceramic Magnet Market, By Product
6.1 Introduction
6.2 Varieties
6.3 Ring Magnets
6.4 Disc Magnets
6.5 Block Magnets
6.6 Arc
6.7 Other Products
7 Global Ceramic Magnet Market, By Orientation
7.1 Introduction
7.2 Anisotropic
7.3 Isotropic
8 Global Ceramic Magnet Market, By Application
8.1 Introduction
8.2 Consumer Goods
8.3 Power Generation
8.4 Industrial
8.5 Electronics
8.6 Other Applications
9 Global Ceramic Magnet Market, By End User
9.1 Introduction
9.2 Medical
9.3 Energy
9.4 Electrical
9.5 Automotive
9.6 Building & Construction
9.7 Other End Users
10 Global Ceramic Magnet Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Dura Magnetic, Inc.
12.2 All Star Magetic LLC
12.3 Maruwa Co., Ltd.
12.4 Adams Magnet Production
12.5 Bunting
12.6 Hangzhou Permanent Magnet Group
12.7 JPMF Guangdong Co. Ltd
12.8 Ferroxcube
12.9 TDK Corporation
12.10 DMEGC
12.11 Samwha Electronics
12.12 Hitachi Metals Ltd.
12.13 Alliance LLC
12.14 Neo Magnequench
12.15 Arnold Magnetic Technologies
12.16 Rocell
List of Tables
Table 1 Global Ceramic Magnet Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Ceramic Magnet Market Outlook, By Type (2021-2030) ($MN)
Table 3 Global Ceramic Magnet Market Outlook, By Semi-Hard Ferrite (2021-2030) ($MN)
Table 4 Global Ceramic Magnet Market Outlook, By Soft Ferrite (2021-2030) ($MN)
Table 5 Global Ceramic Magnet Market Outlook, By Hard Ferrite (2021-2030) ($MN)
Table 6 Global Ceramic Magnet Market Outlook, By Product (2021-2030) ($MN)
Table 7 Global Ceramic Magnet Market Outlook, By Varieties (2021-2030) ($MN)
Table 8 Global Ceramic Magnet Market Outlook, By Ring Magnets (2021-2030) ($MN)
Table 9 Global Ceramic Magnet Market Outlook, By Disc Magnets (2021-2030) ($MN)
Table 10 Global Ceramic Magnet Market Outlook, By Block Magnets (2021-2030) ($MN)
Table 11 Global Ceramic Magnet Market Outlook, By Arc (2021-2030) ($MN)
Table 12 Global Ceramic Magnet Market Outlook, By Other Products (2021-2030) ($MN)
Table 13 Global Ceramic Magnet Market Outlook, By Orientation (2021-2030) ($MN)
Table 14 Global Ceramic Magnet Market Outlook, By Anisotropic (2021-2030) ($MN)
Table 15 Global Ceramic Magnet Market Outlook, By Isotropic (2021-2030) ($MN)
Table 16 Global Ceramic Magnet Market Outlook, By Application (2021-2030) ($MN)
Table 17 Global Ceramic Magnet Market Outlook, By Consumer Goods (2021-2030) ($MN)
Table 18 Global Ceramic Magnet Market Outlook, By Power Generation (2021-2030) ($MN)
Table 19 Global Ceramic Magnet Market Outlook, By Industrial (2021-2030) ($MN)
Table 20 Global Ceramic Magnet Market Outlook, By Electronics (2021-2030) ($MN)
Table 21 Global Ceramic Magnet Market Outlook, By Other Applications (2021-2030) ($MN)
Table 22 Global Ceramic Magnet Market Outlook, By End User (2021-2030) ($MN)
Table 23 Global Ceramic Magnet Market Outlook, By Medical (2021-2030) ($MN)
Table 24 Global Ceramic Magnet Market Outlook, By Energy (2021-2030) ($MN)
Table 25 Global Ceramic Magnet Market Outlook, By Electrical (2021-2030) ($MN)
Table 26 Global Ceramic Magnet Market Outlook, By Automotive (2021-2030) ($MN)
Table 27 Global Ceramic Magnet Market Outlook, By Building & Construction (2021-2030) ($MN)
Table 28 Global Ceramic Magnet Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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