The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The Europe ferrite magnet market is expected to exhibit a CAGR of 3.47% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Ferrite magnets, or ceramic magnets, are permanent, grey-colored electrically insulating magnets majorly consisting of iron oxide. They are produced by calcining fine powders of iron oxide, strontium carbonate or barium carbonate. Ferrite magnets are widely used in loudspeakers, door catches, magnetic suspension systems, headphones, security systems and computer hard drives. They exhibit high resistance to corrosion, demagnetization and are electrically insulated. In comparison to neodymium magnets, ferrite magnets can be used at extreme temperatures with minimal loss of magnetic force and are more cost-effective. As a result, they find extensive application across various industries, such as military, automotive and electrical.
The growth in the Europe ferrite magnet market can be attributed to the widespread product utilization in the manufacturing of electro-acoustic products. Ferrite magnets are extensively used in microphones, intercom sets and sound-powered telephones. Additionally, the increasing product demand in the automotive industry is providing a thrust to the market growth. These magnets are utilized in anti-lock braking systems, windshield wipers and seat belt indicators to enhance passenger safety in the vehicles. Moreover, various product innovations, such as the utilization of spray roasting technique for the manufacturing of ferrite magnets, are favoring the market growth. Spray roasting aids in the generation of powdery red iron oxide that reduces wastewater production and saves energy. Other factors, including the extensive research and development (R&D) activities to develop high-quality permanent magnets, along with the widespread product adoption in magnetic resonance imaging (MRI) scanners and maxillofacial applications, are creating a positive outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe ferrite magnet market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on application.
Breakup by Application:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Application, Country|
|Region Covered||Germany, France, United Kingdom, Italy, Spain|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at