The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global ferrite magnet powder market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.72% during 2021-2026. 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 magnet powder is manufactured using strontium carbonate and iron oxide red through a wet milling process. It exhibits electrical insulation and excellent demagnetization, corrosion resistance and other properties. As a result, it finds extensive applications in magnetic separators, high energy speaker rings, novelties, magnetic therapy, holding-magnet systems, automotive motors, and coatings of magnetic recording tapes. Besides this, it is molded into different shapes to manufacture microphones, hard drives, security systems, and sensors around the world.
Ferrite magnet powder is employed in the automotive industry to reduce costs and scrap while producing complex components. This, along with the boosting sales of automobiles on account of rapid urbanization and inflating income levels, represents one of the primary factors impelling the market growth. Apart from this, ferrite magnet powder is utilized in manufacturing gauges, engines, motors, rotor assemblies, fuel pumps, magnetic bearings, coolant pump impellers, magnetic sensors and couplings, and other airplane parts. This, coupled with the increasing air traffic around the world, is fueling the application of ferrite magnet powder in the aerospace industry. Moreover, the emerging trend of industrial automation is driving the adoption of direct current (DC) brushless motors. This, in turn, is influencing the market positively. Besides this, the escalating demand for miniature consumer electronic devices is expanding the usage of ferrite magnet powder in speakers, hard disks, and other electronic items across the globe. Furthermore, rising investments in research and development (R&D) projects to develop advanced variants are anticipated to increase the applications of ferrite magnet powder in various end use industries.
IMARC Group provides an analysis of the key trends in each sub-segment of the global ferrite magnet powder market, along with forecasts at the global and country level from 2021-2026. Our report has categorized the market based on end use.
Breakup by End Use:
Electro-acoustic production products account for the majority of the total market share. This can be accredited to the escalating demand for smart electronics worldwide.
Breakup by Region:
China currently enjoys the leading position in the market due to the increasing sales of automobiles and consumer electronics in the country.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Ningbo Yunsheng Co., Ltd., Hangzhou Permanent Magnet Group., Ltd, JPMF Guangdong Co. Ltd., Ninggang Permanent Magnet Materials Co. Ltd., and Hitachi Metals, Ltd.
|Base Year of the Analysis||2020|
|Units||Metric Tons, US$ Million|
|Segment Coverage||End Use, Country|
|Countries Covered||China, Japan, USA, India, Others|
|Companies Covered||Ningbo Yunsheng Co., Ltd., Hangzhou Permanent Magnet Group., Ltd, JPMF Guangdong Co. Ltd., Ninggang Permanent Magnet Materials Co. Ltd. and Hitachi Metals, Ltd.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
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)|
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