Hi, what are you looking for?
According to IMARC Group latest published report, the global ferrite magnet market reached 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. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Permanent magnets of the ferrite variety, sometimes referred to as ceramic magnets, are utilised extensively all over the world. These magnets come in two varieties: barium ferrite magnets and strontium ferrite magnets. The usage of ferrite magnets has several advantages as they are hard and provide strong resistance to demagnetization. They can also tolerate exposure to high temperatures up to 250 degrees and have high resistance potential against greases, lubricants, weak acids, and solvents. Besides this, the raw materials required in the production of ferrite magnets are relatively cheaper in comparison to other permanent magnets, including aluminum-nickel-cobalt (AlNiCo), samarium-cobalt (SmCO), and neodymium-iron-boron (NdFeB) magnets. Due to these advantages, ferrite magnets are gradually replacing their counterparts in a wide range of applications.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request for a sample copy of this report: https://www.imarcgroup.com/ferrite-magnet-powder-manufacturing-plant/requestsample
Global Ferrite Magnet Industry Trends:
Automobile braking and locking systems, as well as consumer electronics, both use ferrite magnets. The increased purchasing power of the general public brought on by rising disposable income has accelerated the adoption of personal gadgets like smartphones and passenger cars, which in turn is fueling market expansion. Apart from this, ferrite magnets also find applications in different medical devices and ventilators due to their long-term performance. With the outbreak of the coronavirus disease (COVID-19) in 2020, the demand for ventilators witnessed a sudden surge, due to which the manufacturers ramped up their production to meet the gap. For instance, Beijing Aeonmed Co., Ltd., a ventilator manufacturer based in Beijing, received bulk orders from about 40 countries in April 2020 for the production of a thousand invasive ventilators. However, most other end use industries were negatively affected by the pandemic, which hindered the market growth. Despite this, the market is anticipated to grow once production activities are resumed.
Click here to view detailed information with table of content: https://www.imarcgroup.com/ferrite-magnet-powder-manufacturing-plant
The market has also been examined, with some of the Competitive Landscape & Supplier Analysis:
1. JPMF Guangdong Co. Ltd 2. Daido Steel Co. Ltd (TYO: 5471) 3. Ningbo Yunsheng Co. Ltd (SHA: 600366) 4. Hitachi Metals Ltd (OTCMKTS: HMTLY) 5. Hangzhou Permanent Magnet Group 6. Shin-Etsu Chemical Co. Ltd (OTCMKTS: SHECY) 7. Lynas Corporation Ltd (OTCMKTS: LYSCF)
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
30 N Gould St Ste R Sheridan, WY 82801 USA Email: [email protected] Website: https://www.imarcgroup.com Follow us on twitter: @imarcglobal
US automaker Ford said Tuesday it would cut 3,800 jobs in Europe, mostly in Britain and Germany.
Each organization needs to review and assess the appropriate systems for their business model and to understand those that will be most appropriate for...
Rising sea levels are a threat multiplier that will disrupt and destabilize global societies, UN Secretary-General Guterres says.
January 2023 ranked as the seventh-warmest January in 174 years, according to the National Oceanic and Atmospheric Administration.
COPYRIGHT © 1998 - 2023 DIGITAL JOURNAL INC. Sitemaps: XML / News . Digital Journal is not responsible for the content of external sites. Read more about our external linking.