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Ferrite Magnet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global ferrite magnet market reached a value of US$ 6.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.9 Billion by 2027, exhibiting a CAGR of 3.7% 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 on different end use industries. These insights are included in the report as a major market contributor. 

Ferrite magnets, also known as ceramic magnets, are a type of permanent magnets widely used in a variety of applications. These magnets are darker grey in color and have higher intrinsic coercivity and electrical insulation ability. The primary raw materials used to manufacture ferrite magnets are strontium carbonate and iron oxide, which are abundantly and economically available and relatively inexpensive compared to most other types of permanent magnets. They are also hard, brittle, have lower magnetic energy and the highest output in the entire magnet industry, owing to which they are widely used in industrial applications. In recent years, ferrite magnets have gained traction as they are excellent for use in damp, wet or marine environments and exhibit high resistance to demagnetization and corrosion.

Ferrite Magnet Market Trends:

The global ferrite magnet market is primarily driven by their extensive applications in various industries. In the consumer electronics sector, ferrite magnets are utilized in numerous electrical appliances, such as electric fans, vacuum cleaners, refrigerators, and microwave ovens. Furthermore, with the onset of the coronavirus disease (COVID-19) pandemic, there has been an increasing demand for ferrite magnets as they find applications in different medical devices and ventilators due to their cost-effectiveness and long-term performance. The emerging automobile industry has also increased the use of ferrite magnets in the braking and locking systems for the improved and efficient functioning of automobiles. Moreover, several leading manufacturers are involved in research and development (R&D) activities to provide high-quality permanent magnets, like ferrite magnets, at a very competitive price.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global ferrite magnet market, along with forecasts at the global and country level from 2022-2027. Our report has categorized the market based on application.

Breakup by Application:

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

Regional Insights:

  • China
  • India
  • Japan
  • United States
  • Others
     

On a geographical front, China is both the largest consumer and producer of ferrite magnets. The availability of low-cost labor and abundance of raw materials has made China a preferred destination among magnet manufacturers.

Competitive Landscape:

The competitive landscape of the market has also been analyzed, with some of the leading players being Hangzhou Permanent Magnet Group, Hitachi Metals L, Ningbo Yunsheng Co. Ltd., JPMF Guangdong Co. Ltd. and NingGang Permanent Magnet Materials Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units Metric Tons, US$ Billion
Segment Coverage Application, Country
Countries Covered China, India, Japan, United States, Others
Companies Covered Hangzhou Permanent Magnet Group, Hitachi Metals L, Ningbo Yunsheng Co. Ltd., JPMF Guangdong Co. Ltd. And NingGang Permanent Magnet Materials Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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?

  • What are the key success and risk factors in the ferrite magnets industry?
  • How has the global permanent magnet market performed so far and how will it perform in the coming years?
  • How has the global ferrite magnet market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What is the breakup of the market based on the application?
  • What has been the impact of COVID-19 on the global ferrite magnet industry?
  • What is the structure of the global ferrite magnet industry and who are the key players?
  • What are the various unit operations involved in a ferrite magnet manufacturing plant?
  • What is the total size of land required for setting up a ferrite magnet manufacturing plant?
  • What are the machinery requirements for setting up a ferrite magnet manufacturing plant?
  • What are the raw material requirements and composition for setting up a ferrite magnet manufacturing plant?
  • What are the utility requirements for setting up a ferrite magnet manufacturing plant?
  • What are the manpower requirements for setting up a ferrite magnet manufacturing plant?
  • What are the infrastructure costs for setting up a ferrite magnet manufacturing plant?
  • What are the capital costs for setting up a ferrite magnet manufacturing plant?
  • What are the operating costs for setting up a ferrite magnet manufacturing plant?
  • What will be the income and expenditures for a ferrite magnet manufacturing plant?
  • What is the time required to break-even?                                       

1    Preface
2    Scope and Methodology

     2.1    Objectives of the Study
     2.2    Stakeholders
     2.3    Data Sources
           2.3.1    Primary Sources
           2.3.2    Secondary Sources
     2.4    Market Estimation
           2.4.1    Bottom-Up Approach
           2.4.2    Top-Down Approach
     2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

     4.1    Overview
     4.2    Key Industry Trends
5    Global Permanent Magnet Market
     5.1   Market Overview 
     5.2   Market Trends
            5.2.1   Volume Trends
            5.2.2   Value Trends
     5.3   Price Analysis  
     5.4   Market Breakup by Region
     5.5   Market Breakup by Type
     5.6   Market Forecast
6    Global Ferrite Magnet Industry
     6.1    Market Overview
     6.2    Market Trends
            6.2.1 Volume Trends
            6.2.2 Value Trends
     6.3    Impact of COVID-19
     6.4    Price Analysis
            6.4.1    Key Price Indicators
            6.4.2    Price Structure
            6.4.3    Price Trends
     6.5    Market Breakup by Region
     6.6    Market Breakup by Application 
     6.7    Market Forecast
     6.8    SWOT Analysis
            6.8.1    Overview
            6.8.2    Strengths
            6.8.3    Weaknesses
            6.8.4    Opportunities
            6.8.5    Threats
     6.9   Value Chain Analysis
     6.10   Porter’s Five Forces Analysis
            6.10.1    Overview
            6.10.2     Bargaining Power of Buyers
            6.10.3     Bargaining Power of Suppliers
            6.10.4     Degree of Competition
            6.10.5     Threat of New Entrants
            6.10.6     Threat of Substitutes
     6.11   Key Market Drivers and Success Factors
7    Performance of Key Regions
     7.1    China 
            7.1.1 Market Trends
            7.1.2 Market Forecast
     7.2    Japan
            7.2.1 Market Trends
            7.2.2 Market Forecast
     7.3    United States
            7.3.1 Market Trends
            7.3.2 Market Forecast
     7.4    India
            7.4.1 Market Trends
            7.4.2 Market Forecast
     7.5    Others
            7.5.1 Market Trends
            7.5.2 Market Forecast
8    Market Breakup by Application 
     8.1    Electro-Acoustic Products
            8.1.1 Market Trends
            8.1.2 Market Forecast
     8.2    Electronics Industry
            8.2.1 Market Trends
            8.2.2 Market Forecast
     8.3    Power Play Tools
            8.3.1 Market Trends
            8.3.2 Market Forecast 
     8.4    Car Line Industry
            8.4.1 Market Trends
            8.4.2 Market Forecast 
     8.5    Calculating Machines 
            8.5.1 Market Trends
            8.5.2 Market Forecast 
     8.6    Others
            8.6.1 Market Trends
            8.6.2 Market Forecast
9    Competitive Landscape
     9.1    Market Structure
     9.2    Key Players
10   Ferrite Magnet Powder Manufacturing Process
     10.1    Product Overview
     10.2    Detailed Process Flow
     10.3    Various Types of Unit Operations Involved
     10.4    Mass Balance and Raw Material Requirements
11   Project Details, Requirements and Costs Involved
     11.1    Land Requirements and Expenditures
     11.2    Construction Requirements and Expenditures
     11.3    Plant Layout
     11.4    Plant Machinery
     11.5    Machinery Pictures
     11.6    Raw Material Requirements and Expenditures
     11.7    Raw Material and Final Product Pictures
     11.8    Packaging Requirements and Expenditures
     11.9    Transportation Requirements and Expenditures
     11.10   Utility Requirements and Expenditures
     11.11    Manpower Requirements and Expenditures
     11.12    Other Capital Investments
12   Loans and Financial Assistance
13   Project Economics

     13.1    Capital Cost of the Project
     13.2    Techno-Economic Parameters
     13.3    Product Pricing and Margins Across Various Levels of the Supply Chain     
     13.4    Taxation and Depreciation
     13.5    Income Projections
     13.6    Expenditure Projections
     13.7    Financial Analysis
     13.8    Profit Analysis
14   Key Player Profiles
     14.1   Ningbo Yunsheng Co. Ltd. 
     14.2   Hangzhou Permanent Magnet Group 
     14.3   JPMF Guangdong Co. Ltd. 
     14.4   Ninggang Permanent Magnet Materials Co. Ltd. 
     14.5   Hitachi Metals L

List of Figure

Figure 1: Global: Ferrite Magnet Market: Major Drivers and Challenges
Figure 2: Global: Permanent Magnet Market: Sales Volume (in Metric Tons), 2016-2021
Figure 3: Global: Permanent Magnet Market: Sales Value (in Billion US$), 2016-2021
Figure 4: Global: Permanent Magnet Market: Average Prices (in US$/Ton), 2016-2021
Figure 5: Global: Permanent Magnet Market: Breakup by Region (in %), 2021
Figure 6: Global: Permanent Magnet Market: Breakup by Type (in %), 2021
Figure 7: Global: Permanent Magnet Market Forecast: Sales Volume (in Metric Tons), 2022-2027
Figure 8: Global: Permanent Magnet Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Ferrite Magnet Market: Sales Volume (in Metric Tons), 2016-2021
Figure 10: Global: Ferrite Magnet Market: Sales Value (in Billion US$), 2016-2021
Figure 11: Global: Ferrite Magnet Market: Average Prices (in US$/Ton), 2016-2021
Figure 12: Ferrite Magnet Market: Price Structure
Figure 13: Global: Ferrite Magnet Market: Breakup by Region (in %), 2021
Figure 14: Global: Ferrite Magnet Market: Breakup by Application (in %), 2021
Figure 15: Global: Ferrite Magnet Market Forecast: Sales Volume (in Metric Tons), 2022-2027
Figure 16: Global: Ferrite Magnet Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 17: Global: Ferrite Magnet Industry: SWOT Analysis
Figure 18: Global: Ferrite Magnet Industry: Value Chain Analysis
Figure 19: Global: Ferrite Magnet Industry: Porter’s Five Forces Analysis
Figure 20: China: Ferrite Magnet Market (in Million US$), 2016 & 2021
Figure 21: China: Ferrite Magnet Market Forecast (in Million US$), 2022-2027
Figure 22: Japan: Ferrite Magnet Market (in Million US$), 2016 & 2021
Figure 23: Japan: Ferrite Magnet Market Forecast (in Million US$), 2022-2027
Figure 24: United States: Ferrite Magnet Market (in Million US$), 2016 & 2021
Figure 25: United States: Ferrite Magnet Market Forecast (in Million US$), 2022-2027
Figure 26: India: Ferrite Magnet Market (in Million US$), 2016 & 2021
Figure 27: India: Ferrite Magnet Market Forecast (in Million US$), 2022-2027
Figure 28: Others: Ferrite Magnet Market (in Million US$), 2016 & 2021
Figure 29: Others: Ferrite Magnet Market Forecast (in Million US$), 2022-2027
Figure 30: Global: Ferrite Magnet (Application in Electro-Acoustic Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Ferrite Magnet (Application in Electro-Acoustic Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Ferrite Magnet (Application in Electronics Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Ferrite Magnet (Application in Electronics Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Ferrite Magnet (Application in Power Play Tools) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Ferrite Magnet (Application in Power Play Tools) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Ferrite Magnet (Application in Car Line Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Ferrite Magnet (Application in Car Line Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Ferrite Magnet (Application in Calculating Machines) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Ferrite Magnet (Application in Calculating Machines) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Ferrite Magnet (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Ferrite Magnet (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Ferrite Magnet Powder Manufacturing Plant: Detailed Process Flow
Figure 43: Ferrite Magnet Powder Manufacturing Process: Conversion Rate of Products
Figure 44: Ferrite Magnet Powder Manufacturing Plant: Proposed Plant Layout
Figure 45: Ferrite Magnet Powder Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 46: Ferrite Magnet Powder Industry: Profit Margins at Various Levels of the Supply Chain
Figure 47: Ferrite Magnet Powder Production: Manufacturing Cost Breakup (in %)

List of Table

Table 1: Global: Permanent Magnet Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Permanent Magnet Market Forecast: Breakup by Region (in Million US$), 2022-2027  
Table 3: Global: Permanent Magnet Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Global: Ferrite Magnet Market: Key Industry Highlights, 2021 and 2027
Table 5: Global: Ferrite Magnet Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Ferrite Magnet Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 7: Global: Ferrite Magnet Powder Market: Key Suppliers
Table 8: Ferrite Magnet Powder Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 9: Ferrite Magnet Powder Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 10: Ferrite Magnet Powder Manufacturing Plant: Costs Related to Plant Machinery (in US$)
Table 11: Ferrite Magnet Powder Manufacturing Plant: Raw Materials Requirements (in Tons/Day)    
Table 12: Ferrite Magnet Powder Manufacturing Plant: Costs Related to Salaries and Wedges (in US$)
Table 13: Ferrite Magnet Powder Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 14: Details of Financial Assistance Offered by Financial Institutions
Table 15: Ferrite Magnet Powder Manufacturing Plant: Capital Costs (in US$)
Table 16: Ferrite Magnet Powder Manufacturing Plant: Techno-Economic Parameters
Table 17: Ferrite Magnet Powder Manufacturing Plant: Taxation and Depreciation
Table 18: Ferrite Magnet Powder Manufacturing Plant: Income Projections (in US$)
Table 19: Ferrite Magnet Powder Manufacturing Plant: Expenditure Projections (in US$)
Table 20: Ferrite Magnet Powder Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 21: Ferrite Magnet Powder Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 22: Ferrite Magnet Powder Manufacturing Plant: Profit and Loss Account

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