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Global Ferrite Magnet Market: By Application: Electro-Acoustic Products, Electronics Industry, Power Play Tools, Car Line Industry, Calculating Machines; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Project Requirements; Competitive Landscape; Industry Events and Developments

Global Ferrite Magnet Market Outlook 

The global ferrite magnet market size reached a volume of 1.24 million tons in 2020. The market is further expected to grow at a CAGR of 3.0% in the forecast period of 2021-2026. 

 

Global Ferrite Magnet Market

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On the basis of applications, the industry is divided into electro-acoustic products, electronics industry, power play tools, car line industry, and calculating machines, among others. Among these, electro-acoustic products represent the leading application segment for ferrite magnets. Country-wise, China represents the largest market for the product. Other significant regions include the United States, Japan, and India.

 

Properties and Applications

Ferrite magnets, variously known as ceramic magnets, are grey-coloured electrically insulating magnets. They are corrosion-resistant, durable, and have high magnetic permeability. As ferrite magnets are resistant to high temperatures, they are used in various applications such as brakes, medical instruments, security systems, motors, and loudspeakers, among others.

 

Ferrite Magnet Market by Application

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Based on applications, the market is divided into:

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

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Ferrite Magnet Market by Region

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Market Analysis

The market is currently being driven by the properties of these magnets which include resistance to demagnetization, excellent corrosion resistance and their low prices. This report by Expert Market Research entitled “Global Ferrite Magnet Market Report and Forecast 2021-2026” provides a comprehensive analysis for anyone who plans to foray into the ferrite magnet market.

Growing utilisation of these magnets in electro-acoustic products will aid the industry over the forecast period. Moreover, increased adoption of ferrite magnet in the automotive industry for braking and locking systems, growing sales of passenger and commercial vehicles, introduction of advanced automobiles in the market, and the role of  ferrite magnet as an essential component in various medical devices are expected to have a positive effect on the expansion of the global ferrite magnet market.

This report provides an exhaustive insight for setting-up and running a ferrite magnet manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been  comprehensively covered in this report.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global ferrite magnet market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Ningbo Yunsheng Co. Ltd.
  • Hangzhou Permanent Magnet Group., Ltd
  • LINGYI Guangdong Co., Ltd
  • NingBo NingGang Permanent Magnetic Materials Co., Ltd. (NGYC)
  • Hitachi Metals, Ltd.
  • Others

In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the ferrite magnet industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.

Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region
Breakup by Application Electro-Acoustic Products, Electronics Industry, Power Play Tools, Car Line Industry, Calculating Machines, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Ningbo Yunsheng Co. Ltd., Hangzhou Permanent Magnet Group., Ltd, LINGYI Guangdong Co., Ltd, NingBo NingGang Permanent Magnetic Materials Co., Ltd. (NGYC), Hitachi Metals, Ltd., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Permanent Magnet Market Overview

    8.1    Key Industry Highlights
    8.2    Global Permanent Magnet Historical Market (2016-2020) 
    8.3    Global Permanent Magnet Market Forecast (2021-2026)
    8.4    Global Permanent Magnet Market by Type
    8.5    Global Permanent Magnet Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Global Ferrite Magnet Market Analysis
    9.1    Key Industry Highlights
    9.2    Global Ferrite Magnet Historical Market (2016-2020) 
    9.3    Global Ferrite Magnet Market Forecast (2021-2026)
    9.4    Global Ferrite Magnet Market by Application
        9.4.1    Electro-Acoustic Products
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2016-2020)
            9.4.1.3    Forecast Trend (2021-2026)
        9.4.2    Electronics Industry
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2016-2020)
            9.4.2.3    Forecast Trend (2021-2026)
        9.4.3    Power Play Tools
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2016-2020)
            9.4.3.3    Forecast Trend (2021-2026)
        9.4.4    Car Line Industry
            9.4.4.1    Market Share
            9.4.4.2    Historical Trend (2016-2020)
            9.4.4.3    Forecast Trend (2021-2026)
        9.4.5    Calculating Machines
            9.4.5.1    Market Share
            9.4.5.2    Historical Trend (2016-2020)
            9.4.5.3    Forecast Trend (2021-2026)
        9.4.6    Others
    9.5    Global Ferrite Magnetic Powder Market by Region
        9.5.1    Market Share
            9.5.1.1    North America
            9.5.1.2    Europe
            9.5.1.3    Asia Pacific
            9.5.1.4    Latin America
            9.5.1.5    Middle East and Africa
10    Regional Analysis
    10.1    North America
        10.1.1    Historical Trend (2016-2020)
        10.1.2    Forecast Trend (2021-2026)
        10.1.3    Breakup by Country
            10.1.3.1    United States of America 
            10.1.3.2    Canada
    10.2    Europe
        10.2.1    Historical Trend (2016-2020)
        10.2.2    Forecast Trend (2021-2026)
        10.2.3    Breakup by Country
            10.2.3.1    United Kingdom
            10.2.3.2    Germany
            10.2.3.3    France
            10.2.3.4    Italy
            10.2.3.5    Others
    10.3    Asia Pacific
        10.3.1    Historical Trend (2016-2020)
        10.3.2    Forecast Trend (2021-2026)
        10.3.3    Breakup by Country
            10.3.3.1    China
            10.3.3.2    Japan
            10.3.3.3    India
            10.3.3.4    ASEAN
            10.3.3.5    Australia
            10.3.3.6    Others
    10.4    Latin America
        10.4.1    Historical Trend (2016-2020)
        10.4.2    Forecast Trend (2021-2026)
        10.4.3    Breakup by Country
            10.4.3.1    Brazil
            10.4.3.2    Argentina
            10.4.3.3    Mexico
            10.4.3.4    Others
    10.5    Middle East and Africa
        10.5.1    Historical Trend (2016-2020)
        10.5.2    Forecast Trend (2021-2026)
        10.5.3    Breakup by Country
            10.5.3.1    Saudi Arabia
            10.5.3.2    United Arab Emirates
            10.5.3.3    Nigeria
            10.5.3.4    South Africa
            10.5.3.5    Others
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyer’s Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    EMR’s Key Indicators for Demand
    11.4    EMR’s Key Indicators for Price
12    Value Chain Analysis
13    Price Analysis
14    Manufacturing Process

    14.1    Overview
    14.2    Detailed Process Flow
    14.3    Operations Involved
15    Project Requirements and Cost Analysis
    15.1    Land, Location, and Site Development
    15.2    Construction
    15.3    Plant Machinery
    15.4    Cost of Raw Material
    15.5    Packaging
    15.6    Transportation
    15.7    Utilities
    15.8    Manpower
    15.9    Other Capital Investment
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Ningbo Yunsheng Co. Ltd.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Hangzhou Permanent Magnet Group., Ltd
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    LINGYI Guangdong Co., Ltd
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    NingBo NingGang Permanent Magnetic Materials Co., Ltd. (NGYC)
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Hitachi Metals, Ltd.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Industry Events and Developments

 

List of Figures and Tables

1.    Global Permanent Magnetic Powder Market: Key Industry Highlights, 2016 and 2026
2.    Global Permanent Magnet Historical Market: Breakup by Type (Million Tons), 2016-2020
3.    Global Permanent Magnet Market Forecast: Breakup by Type (Million Tons), 2021-2026
4.    Global Permanent Magnet Historical Market: Breakup by Region (Million Tons), 2016-2020
5.    Global Permanent Magnet Market Forecast: Breakup by Region (Million Tons), 2021-2026
6.    Global Ferrite Magnet Market: Key Industry Highlights, 2016 and 2026
7.    Global Ferrite Magnet Historical Market: Breakup by Application (Million Tons), 2016-2020
8.    Global Ferrite Magnet Market Forecast: Breakup by Application (Million Tons), 2021-2026
9.    Global Ferrite Magnet Historical Market: Breakup by Region (Million Tons), 2016-2020
10.    Global Ferrite Magnet Market Forecast: Breakup by Region (Million Tons), 2021-2026
11.    North America Ferrite Magnet Historical Market: Breakup by Country (Million Tons), 2016-2020
12.    North America Ferrite Magnet Market Forecast: Breakup by Country (Million Tons), 2021-2026
13.    Europe Ferrite Magnet Historical Market: Breakup by Country (Million Tons), 2016-2020
14.    Europe Ferrite Magnet Market Forecast: Breakup by Country (Million Tons), 2021-2026
15.    Asia Pacific Ferrite Magnet Historical Market: Breakup by Country (Million Tons), 2016-2020
16.    Asia Pacific Ferrite Magnet Market Forecast: Breakup by Country (Million Tons), 2021-2026
17.    Latin America Ferrite Magnet Historical Market: Breakup by Country (Million Tons), 2016-2020
18.    Latin America Ferrite Magnet Market Forecast: Breakup by Country (Million Tons), 2021-2026
19.    Middle East and Africa Ferrite Magnet Historical Market: Breakup by Country (Million Tons), 2016-2020
20.    Middle East and Africa Ferrite Magnet Market Forecast: Breakup by Country (Million Tons), 2021-2026
21.    Global Ferrite Magnet Market Structure

Key Questions Answered in the Report

In 2020, the global ferrite magnet market attained a volume of nearly 1.24 million tons.

The market is projected to grow at a CAGR of 3.0% between 2021 and 2026.

The major drivers of the industry, such as the rising disposable incomes, growing product utilisation in automotive industry, rise in sales of passenger and commercial vehicles, launch of advanced automobiles, and growing product utilisation in medical devices are expected to aid the market growth.

The growing adoption of ferrite magnet in electro-acoustic products with rapid technological advancement is the key market trend guiding the growth of the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Electro-acoustic products form the leading application of the product in the industry.

The major players in the industry are Ningbo Yunsheng Co. Ltd., Hangzhou Permanent Magnet Group., Ltd, LINGYI Guangdong Co., Ltd, NingBo NingGang Permanent Magnetic Materials Co., Ltd. (NGYC), and Hitachi Metals, Ltd., among others.

Analyst Review

The global ferrite magnet market attained a volume of 1.24 million tons in 2020, driven by the development of advanced automobiles and the growing sales of commercial and passenger vehicles. Aided by the rising demand to manufacture electro-acoustic products, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 3.0%. 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the ferrite magnet industry can be segmented into electro-acoustic products, electronics industry, power play tools, car line industry, and calculating machines, among others, with electro-acoustic products accounting for the largest market share. The major regional markets for ferrite magnet are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Ningbo Yunsheng Co. Ltd., Hangzhou Permanent Magnet Group., Ltd, LINGYI Guangdong Co., Ltd, NingBo NingGang Permanent Magnetic Materials Co., Ltd. (NGYC), and Hitachi Metals, Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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