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

Market Overview:

The India ferrite magnet market is expected to exhibit a CAGR of 2.62% 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 magnets that are manufactured using iron oxide and strontium carbonate. They are grey-colored electrically insulating magnets with high operating temperatures and resistance to demagnetization. They are generally available in the form of rings, discs, cylinders and blocks and are widely used in headphones, door latches, security systems, loudspeakers, magnetic suspension systems and computer hard drives. Ferrite magnets exhibit high resistance to corrosion and are electrically insulating. As a result, they find extensive applications across various industries, such as automotive, telecommunication and electronics.

India Ferrite Magnet Market Trends:

The growth in the India ferrite magnet market can be attributed to the widespread product adoption in the automotive industry. These magnets are utilized in various parts of vehicles and aircraft, such as windshield wipers, braking systems and seat belt indicators, to provide enhanced passenger safety. Additionally, the increasing product adoption in medical devices and machines is favoring the market growth. Ferrite magnets are used in magnetic resonance imaging (MRI) scanners, dental devices and maxillofacial surgical tools. Moreover, the utilization of sol-gel processing techniques for the manufacturing of ferrite magnets is providing a thrust to the market growth. Since sol-gel processing aids in producing magnets with enhanced structural, mechanical and electrical properties at relatively low temperatures, this is driving the market toward growth. Other factors, including the widespread product utilization in the production of electro-acoustic products, along with the increasing demand for high-quality permanent magnets, 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 India 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:

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

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India
     

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 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units ‘000 Tons
Segment Coverage  Application, Region
Region Covered North India, West and Central India, South India, East India
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)

 

Key Questions Answered in This Report:

  • How has the India 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 India 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 India ferrite magnet market and who are the key players?
  • What is the degree of competition in the industry?

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    Market Overview
    4.2    Key Industry Trends
5    India Ferrite Magnet Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Application
    6.1    Electro-Acoustic Products
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Electronics Industry
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Power Play Tools
        6.3.1 Market Trends
        6.3.2 Market Forecast 
    6.4    Car Line Industry
        6.4.1 Market Trends
        6.4.2 Market Forecast 
    6.5    Calculating Machines 
        6.5.1 Market Trends
        6.5.2 Market Forecast 
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by Region
    7.1    North India
        7.1.1 Market Trends
        7.1.2 Market Breakup by State
        7.1.3 Market Forecast
    7.2    West and Central India
        7.2.1 Market Trends
        7.2.2 Market Breakup by State
        7.2.3 Market Forecast
    7.3    South India
        7.3.1 Market Trends
        7.3.2 Market Breakup by State
        7.3.3 Market Forecast
    7.4    East India 
        7.4.1 Market Trends
        7.4.2 Market Breakup by State
        7.4.3 Market Forecast
8    SWOT Analysis
    8.1    Overview
    8.2    Strengths
    8.3    Weaknesses
    8.4    Opportunities
    8.5    Threats
9    Value Chain Analysis
10    Porters Five Forces Analysis

    10.1    Overview
    10.2    Bargaining Power of Buyers
    10.3    Bargaining Power of Suppliers
    10.4    Degree of Competition
    10.5    Threat of New Entrants
    10.6    Threat of Substitutes
11    Price Analysis
12    Policy and Regulatory Landscape
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players

List of Figures

Figure 1: India: Ferrite Magnet Market: Major Drivers and Challenges
Figure 2: India: Ferrite Magnet Market: Volume Trends (in ‘000 Tons), 2016-2021
Figure 3: India: Ferrite Magnet Market Forecast: Volume Trends (in ‘000 Tons), 2022-2027
Figure 4: India: Ferrite Magnet Market: Breakup by Application (in %), 2021
Figure 5: India: Ferrite Magnet Market: Breakup by Region (in %), 2021
Figure 6: India: Ferrite Magnet (Electro-Acoustic Products) Market: Volume Trends (in ‘000 Tons), 2016 & 2021
Figure 7: India: Ferrite Magnet (Electro-Acoustic Products) Market Forecast: Volume Trends (in ‘000 Tons), 2022-2027
Figure 8: India: Ferrite Magnet (Electronics Industry) Market: Volume Trends (in ‘000 Tons), 2016 & 2021
Figure 9: India: Ferrite Magnet (Electronics Industry) Market Forecast: Volume Trends (in ‘000 Tons), 2022-2027
Figure 10: India: Ferrite Magnet (Power Play Tools) Market: Volume Trends (in ‘000 Tons), 2016 & 2021
Figure 11: India: Ferrite Magnet (Power Play Tools) Market Forecast: Volume Trends (in ‘000 Tons), 2022-2027
Figure 12: India: Ferrite Magnet (Car Line Industry) Market: Volume Trends (in ‘000 Tons), 2016 & 2021
Figure 13: India:  Ferrite Magnet (Car Line Industry) Market Forecast: Volume Trends (in ‘000 Tons), 2022-2027
Figure 14: India: Ferrite Magnet (Calculating Machines) Market: Volume Trends (in ‘000 Tons), 2016 & 2021
Figure 15: India: Ferrite Magnet (Calculating Machines) Market Forecast: Volume Trends (in ‘000 Tons), 2022-2027
Figure 16: India: Ferrite Magnet (Other Applications) Market: Volume Trends (in ‘000 Tons), 2016 & 2021
Figure 17: India: Ferrite Magnet (Other Applications) Market Forecast: Volume Trends (in ‘000 Tons), 2022-2027
Figure 18: North India: Ferrite Magnet Market: Volume Trends (in ‘000 Tons), 2016 & 2021
Figure 19: North India: Ferrite Magnet Market: Breakup by State (in %), 2021
Figure 20: North India: Ferrite Magnet Market Forecast: Volume Trends (in ‘000 Tons), 2022-2027
Figure 21: West and Central India: Ferrite Magnet Market: Volume Trends (in ‘000 Tons), 2016 & 2021
Figure 22: West and Central India: Ferrite Magnet Market: Breakup by State (in %), 2021
Figure 23: West and Central India: Ferrite Magnet Market Forecast: Volume Trends (in ‘000 Tons), 2022-2027
Figure 24: South India: Ferrite Magnet Market: Volume Trends (in ‘000 Tons), 2016 & 2021
Figure 25: South India: Ferrite Magnet Market: Breakup by State (in %), 2021
Figure 26: South India: Ferrite Magnet Market Forecast: Volume Trends (in ‘000 Tons), 2022-2027
Figure 27: East India: Ferrite Magnet Market: Volume Trends (in ‘000 Tons), 2016 & 2021
Figure 28: East India: Ferrite Magnet Market: Breakup by State (in %), 2021
Figure 29: East India: Ferrite Magnet Market Forecast: Volume Trends (in ‘000 Tons), 2022-2027
Figure 30: India: Ferrite Magnet Industry: SWOT Analysis
Figure 31: India: Ferrite Magnet Industry: Value Chain Analysis
Figure 32: India: Ferrite Magnet Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: India: Ferrite Magnet Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Ferrite Magnet Market Forecast: Breakup by Application (in ‘000 Tons), 2022-2027
Table 3: India: Ferrite Magnet Market Forecast: Breakup by Region (in ‘000 Tons), 2022-2027
Table 4: India: Ferrite Magnet Market: Competitive Structure
Table 5: India: Ferrite Magnet Market: Key Players

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