QYResearch: The global market for Ferrite Magnets is expected to reach about 1105 K Tonne by 2022

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QYRESEARCH Ferrite magnets is a type of ceramic compound composed of iron (III) oxide (FeO) combined chemically with one or more additional metallic elements. They are both electrically nonconductive and ferrimagnetic, meaning they can be magnetized or attracted to a magnet.

Ferrites magnets can be divided into two families based on their magnetic coercivity, their resistance to being demagnetized. Hard ferrites have high coercivity, hence they are difficult to demagnetize. They are used to make magnets, for devices such as refrigerator magnets, loudspeakers and small electric motors.

Soft ferrites have low coercivity. They are used in the electronics industry to make ferrite cores for inductors and transformers, and in various microwave components.

QYRESEARCH According to QYResearch, The global market for Ferrite Magnets is expected to reach about 3783 Million USD by 2022 from 3573 Million USD in 2016, registering a Compounded Annual Growth Rate (CAGR) of 0.95% during the analysis period, 2016-2022. The global market for Ferrite Magnets is expected to reach about 1105 K Tonne by 2022 from 1024 K Tonne in 2016, registering a Compounded Annual Growth Rate (CAGR) of 1.27% during the analysis period, 2016-2022.

At present, in developed countries, the Ferrite Magnets industry is generally at a more advanced level. The world's large enterprises are mainly concentrated in Japan and China. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level.

However, foreign companies’ manufacturing cost is relatively higher, compared with Chinese companies. With the development of Chinese Ferrite Magnets production technology, their share in the international market is increasing, and competitiveness in the international market gradually increases.

China’s Ferrite Magnets industry has developed into a national wide status with certain research and production capacity, industry product mix has gradually improved, currently. China has become a large international consumption country of Ferrite Magnets, but the production technology is relatively laggard to produce some low-end product. Although the new production lines are increasing, and the high-end product is still relying on import.

QYRESEARCH There are many small size manufacturers in this industry. The global Ferrite Magnets industry has reached a production volume of approximately 1024 K Tonne in 2016. The global Ferrite Magnets industry has reached the production value of approximately 3573 million USD in 2016. The key manufacturers include TDK, Hitachi Metals, DMEGC, JPMF, TDG, HEC GROUP, VACUUMSCHMELZE, MAGNETICS, KaiYuan Magnetism Material, FDK, Acme Electronics and Nanjing New Conda Magnetic Industrial Co.,Ltd.

QYRESEARCH With the rapid growth of the national economy as well as the rapid development of downstream industries, consumer electronics product keep stable growth in china, the automobile electronics is also growing in the downturn global economy situation. Chinese Ferrite Cores market demand is exuberant, which provide a good opportunity for the development of Ferrite Cores market and technology.

Although Ferrite Magnets brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.