Ferrite magnet powder can be obtained from ceramic magnets which have electrical insulation properties. It can be found in two different types namely, anisotropic and isotropic ferrite magnet powder. Anisotropic ferrite magnet powder is used in the production of sintered ferrite magnets of medium energy which are further used in medium and lower class micro-motor and holding devices. On the other hand, isotropic ferrite magnet powder is suitable for manufacturing sintered ferrite magnets with lower energy. Moreover, the fluidity of ferrite magnet powder also plays an important role in affecting the compactness and padding speed in moulds. The latest report by IMARC Group, titled ‘’Ferrite Magnet Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023’’, provides a comprehensive evaluation of the ferrite magnet market and offers a techno-commercial roadmap for setting up a ferrite magnet powder manufacturing plant.
Global Ferrite Magentic Powder Market Drivers/Constraints:
End-Use Insights:
Based on end-use, the report finds that electro-acoustic production products currently represent the largest end-use segment of ferrite magnet powder. This segment is followed by electronics firms, power play tools, car line industry and calculating machine.
Regional Insights:
On a geographical front, China enjoys a leading position in the global market on account of the high demand for ferrite magnet powder in the region. China is followed by Japan, USA and India.
Competitive Landscape:
The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
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