Europe Ferrite Magnet Market Report by Application (Electro-Acoustic Products, Electronics Industry, Power Play Tools, Car Line Industry, Calculating Machines, and Others), and Country 2024-2032

Europe Ferrite Magnet Market Report by Application (Electro-Acoustic Products, Electronics Industry, Power Play Tools, Car Line Industry, Calculating Machines, and Others), and Country 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5542
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Market Overview:

The Europe ferrite magnet market size reached 30.6 Thousand Tons in 2023. Looking forward, IMARC Group expects the market to reach 39.8 Thousand Tons by 2032, exhibiting a growth rate (CAGR) of 2.97% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
30.6 Thousand Tons
Market Forecast in 2032
39.8 Thousand Tons
Market Growth Rate 2024-2032 2.97%


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.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Europe Ferrite Magnet Market Trends:

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe ferrite magnet market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on application.

Breakup by Application:

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Electro-Acoustic Products
  • Electronics Industry
  • Power Play Tools
  • Car Line Industry
  • Calculating Machines
  • Others
     

Breakup by Country:

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units ‘000 Tons
Segment Coverage Application, Country
Countries Covered Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
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)

Key Questions Answered in This Report:

  • How has the Europe ferrite magnet market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Europe ferrite magnet market?
  • What are the key regional markets?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the Europe ferrite magnet market and who are the key players?
  • What is the degree of competition in the industry?

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Europe Ferrite Magnet Market Report by Application (Electro-Acoustic Products, Electronics Industry, Power Play Tools, Car Line Industry, Calculating Machines, and Others), and Country 2024-2032
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