Ferrite magnets are also called Ceramic Magnets. There are mainly two types of ferrite magnets, Barium ferrite (BaO.6Fe2O3) and Strontium ferrite (SrO.6Fe2O3). Compared with other permanent magnets, sintered ferrite magnet is cheap. It is most suitable for most sensitive, but need not very high performance applications. As this is a non-metal magnets, it is the ideal magnets for applications that require non-rusty magnets in humid environment.
The authors of the report have segmented the global ferrite magnets market as per type and application. There are five applications studied in the report, i.e. electro-acoustic products, toy industry, home appliance industry, computer industry, automotive industry. On the basis of type, the global market is segmented into sintered ferrite magnet, bonded ferrite magnet.
The ferrite magnets presently demonstrate the more broadly utilized permanent magnets around the world. The foremost raw materials utilized to making the ferrite magnets are relatively economical compared to the most several other types of the permanent magnets. This allows them to be accurately suited for the wide capacity production runs. Such magnets are also termed as the ceramic magnets owing to their excellent electrical insulation capability. In addition, the ferrite magnets are outstanding in damp, wet or marine surroundings and exhibit high confrontation to demagnetization and corrosion. Furthermore, the requirement for the product is majorly fostered by the growing production of the electric vehicles, increasing wind energy installations, and speedily increasing robotics industry.
Electroacoustics is the largest application of ferrite magnets. Electroacoustic components use the electromagnetic induction to realize the conversion of electricity and sound. Permanent magnet is the most important part of the electroacoustic products, especially sintered NdFeB and hard ferrite which are the most widely used. For example, smart mobile phone has become an indispensable part of people's life and are becoming lighter and thinner. For the loudspeaker and receiver, smaller size and higher sound quality have come to be the general market trend. Therefore, the sintered NdFeB with high remanence and high intrinsic coercivity has been widely used. In 2019, more than 1.5 billion smart phones are sold globally. The rigid demand from electroacoustics will promote the ferrite magnets industry’s development.
Geographically, the global ferrite magnets market is deeply analyzed while focusing on important regions and countries, viz. Japan, China, Europe, North America, and others.
In the research study, the analysts have covered top players of the global ferrite magnets market, viz. TDK, Hitachi Metals, DMEGC, Guangdong JPMF, Sinomag, Union Materials, Tokyo Ferrite, BGRIMM Magnetic Materials, Hunan Aerospace Magnet &Magneto, Zhejiang Kaiven Magnet , Guangzhou Golden South, Shunde Baling Group, Meizhou Magnetic Materials.
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