Market Overview:
The global ferrite magnetic material market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ferrite magnetic materials in home appliances, new energy, and vehicle electronics applications. Ferrite magnets are used in a wide range of applications such as electric motors, generators, transformers, loudspeakers, relays and sensors owing to their high coercivity (Hc) and low price. Based on type, the global ferrite magnetic material market is segmented into permanent magnet ferrite magnetic material and soft magnetic ferrite magnetic material. Permanent magnet ferrites are made from rare earth elements (REEs) such as neodymium (Nd), iron (Fe), boron (B) and aluminum (Al). These magnets have high coercivity values owing to which they find application in various end-use industries including automotive components manufacturing, consumer durables manufacturing etc.
Product Definition:
Ferrite magnetic material is a type of ceramic that contains iron oxide. It is used to make permanent magnets, electromagnets, and transformer cores. Ferrite magnetic material has a high resistance to demagnetization and can operate at high temperatures.
Permanent Magnet Ferrite Magnetic Material:
Permanent magnet ferrite magnetic material is a new emerging technology that uses the principle of attraction between a permanent magnet and an iron-based alloy to produce high power density in small package sizes. The permanent magnets used can be either natural or synthetic, however, for this technology to work, it needs pure iron based alloys.
The global Permanent Magnet Ferrite Magnetic Material market size was valued at USD 2.5 billion in 2016.
Soft Magnetic Ferrite Magnetic Material:
Soft magnetic ferrite magnetic material is a mixture of iron oxide and nickel powder, which can be used as an alternative to hard ferrite magnets. Soft magnets have low coercivity and high Curie temperature, which makes them useful for applications such as electric motors.
Application Insights:
The vehicle electronics segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The growth can be attributed to increasing demand from automotive industry for various electronic components, such as sensors, transducers, motors and switches. Increasing usage of ferrite magnetic material in consumer electronics such as smartphones is also expected to contribute toward market growth during the study period.
The home appliances segment was valued at USD 544.0 million in 2016 owing to rising use of permanent magnets in refrigerators and freezers that help improve efficiency by reducing energy consumption by up to 15%. Moreover, soft magnets are used extensively across washing machines due largely their small size; they produce less friction than hard magnets thereby reducing wear & tear on machine parts resulting into lower maintenance cost which eventually reduces prices borne by consumers ultimately providing them a better value for money product offering overall boosting market growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global ferrite magnetic material market in 2016 and is expected to continue its dominance over the forecast period. The presence of key manufacturers such as Nippon Steel & Sumitomo Metal Corporation, China, and JFE Corporation in Asia Pacific has led to high product consumption. In addition, rising demand for consumer electronics products due to increasing disposable income is anticipated to drive the regional market growth over the forecast period.
The growing automotive industry in Europe has led to an increased demand for vehicle electronics including infotainment systems and advanced driver assistance systems (ADAS). This trend is projected to increase product penetration across this region which would subsequently drive its consumption across other applications.
Growth Factors:
- Increasing demand for miniaturization in electronic devices
- Rising demand for energy-efficient and high-performance electronics
- Growing popularity of wearable technology
- Proliferation of the Internet of Things (IoT)
- Emerging applications in medical implants and magnetic resonance imaging (MRI)
Scope Of The Report
Report Attributes
Report Details
Report Title
Ferrite Magnetic Material Market Research Report
By Type
Permanent Magnet Ferrite Magnetic Material, Soft Magnetic Ferrite Magnetic Material
By Application
Home Appliances, New Energy, Vehicle Electronics
By Companies
TDK, HITACHI, TDG, Yunsheng, Earth Panda, Shougang, Zhenghai, Zhongbei, Sanhuan, Baotou Gangtie, TDK, Antai, VACUUMSCHMELZE, MMC, Stanford Magnets
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Ferrite Magnetic Material Market Report Segments:
The global Ferrite Magnetic Material market is segmented on the basis of:
Types
Permanent Magnet Ferrite Magnetic Material, Soft Magnetic Ferrite Magnetic Material
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Appliances, New Energy, Vehicle Electronics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TDK
- HITACHI
- TDG
- Yunsheng
- Earth Panda
- Shougang
- Zhenghai
- Zhongbei
- Sanhuan
- Baotou Gangtie
- TDK
- Antai
- VACUUMSCHMELZE
- MMC
- Stanford Magnets
Highlights of The Ferrite Magnetic Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Permanent Magnet Ferrite Magnetic Material
- Soft Magnetic Ferrite Magnetic Material
- By Application:
- Home Appliances
- New Energy
- Vehicle Electronics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ferrite Magnetic Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ferrite magnetic material is a type of permanent magnet that is made from iron oxide. It has a high coercivity, which means it can be easily magnetized and demagnetized. This makes ferrite magnetic material good for use in hard drives, audio speakers, and other electronic devices where stability and reliability are important.
Some of the key players operating in the ferrite magnetic material market are TDK, HITACHI, TDG, Yunsheng, Earth Panda, Shougang, Zhenghai, Zhongbei, Sanhuan, Baotou Gangtie, TDK, Antai, VACUUMSCHMELZE, MMC, Stanford Magnets.
The ferrite magnetic material market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ferrite Magnetic Material Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ferrite Magnetic Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ferrite Magnetic Material Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ferrite Magnetic Material Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ferrite Magnetic Material Market Size & Forecast, 2020-2028
4.5.1 Ferrite Magnetic Material Market Size and Y-o-Y Growth
4.5.2 Ferrite Magnetic Material Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Permanent Magnet Ferrite Magnetic Material
5.2.2 Soft Magnetic Ferrite Magnetic Material
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Home Appliances
6.2.2 New Energy
6.2.3 Vehicle Electronics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ferrite Magnetic Material Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ferrite Magnetic Material Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Permanent Magnet Ferrite Magnetic Material
9.6.2 Soft Magnetic Ferrite Magnetic Material
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Home Appliances
9.10.2 New Energy
9.10.3 Vehicle Electronics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Permanent Magnet Ferrite Magnetic Material
10.6.2 Soft Magnetic Ferrite Magnetic Material
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Home Appliances
10.10.2 New Energy
10.10.3 Vehicle Electronics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Permanent Magnet Ferrite Magnetic Material
11.6.2 Soft Magnetic Ferrite Magnetic Material
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Home Appliances
11.10.2 New Energy
11.10.3 Vehicle Electronics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Permanent Magnet Ferrite Magnetic Material
12.6.2 Soft Magnetic Ferrite Magnetic Material
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Home Appliances
12.10.2 New Energy
12.10.3 Vehicle Electronics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Permanent Magnet Ferrite Magnetic Material
13.6.2 Soft Magnetic Ferrite Magnetic Material
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Home Appliances
13.10.2 New Energy
13.10.3 Vehicle Electronics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ferrite Magnetic Material Market: Competitive Dashboard
14.2 Global Ferrite Magnetic Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TDK
14.3.2 HITACHI
14.3.3 TDG
14.3.4 Yunsheng
14.3.5 Earth Panda
14.3.6 Shougang
14.3.7 Zhenghai
14.3.8 Zhongbei
14.3.9 Sanhuan
14.3.10 Baotou Gangtie
14.3.11 TDK
14.3.12 Antai
14.3.13 VACUUMSCHMELZE
14.3.14 MMC
14.3.15 Stanford Magnets
