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.
This report contains market size and forecasts of Ferrite Magnets in global, including the following market information:
Global Ferrite Magnets Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Ferrite Magnets Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Ferrite Magnets companies in 2021 (%)
The global Ferrite Magnets market was valued at 3898.3 million in 2021 and is projected to reach US$ 4660.4 million by 2028, at a CAGR of 2.6% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Sintered Ferrite Magnet Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Ferrite Magnets include TDK, Hitachi Metals, DMEGC, Guangdong JPMF, Sinomag, Union Materials, Tokyo Ferrite, BGRIMM Magnetic Materials and Hunan Aerospace Magnet &Magneto, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Ferrite Magnets manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Ferrite Magnets Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Ferrite Magnets Market Segment Percentages, by Type, 2021 (%)
Sintered Ferrite Magnet
Bonded Ferrite Magnet
Global Ferrite Magnets Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Ferrite Magnets Market Segment Percentages, by Application, 2021 (%)
Electro-Acoustic Products
Toy Industry
Automotive Industry
Home Appliance Industry
Computer Industry
Others
Global Ferrite Magnets Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Ferrite Magnets Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Ferrite Magnets revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Ferrite Magnets revenues share in global market, 2021 (%)
Key companies Ferrite Magnets sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Ferrite Magnets sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
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