Market Overview:
The global hard ferrite magnets market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for hard ferrite magnets from various applications, such as electro-acoustic products, toy industry, automotive industry, home appliance industry and computer and office equipment. Hard ferrite magnets are also used in medical devices and sensors owing to their properties such as high resistance to demagnetization and corrosion.
Product Definition:
A hard ferrite magnet is a ceramic magnet made from iron oxide and barium oxide. These magnets are inexpensive, have high coercivity, and are used in a variety of applications including motors, sensors, and loudspeakers.
Sintered Ferrite Magnet:
Sintered ferrite magnets are made by sintering a mixture of iron oxide and metal powder. The product is widely used in applications such as hard ferrite magnets, which require high coercivity and low cost. Sintered ferrites have higher saturation flux density than raw materials, making them suitable for use in high-cost permanent magnet material applications.
Bonded Ferrite Magnet:
Bonded ferrite magnets are made by binding two or more ferromagnetic materials together. The most common example of bonded ferrite magnets is a barium-zinc iron alloy, which has zinc coating and high permeability aluminum core. These are used in applications where high permeability is required but the cost of extra material is not critical.
Application Insights:
The electro-acoustic products segment held the largest market share of over 30% in 2017. The product is widely used in speakers, headphones and other audio devices as it provides high output and low distortion. Hard ferrite magnets are also used in electric toothbrushes, hearing aids, vacuum cleaners and other home appliances as they offer better performance than soft magnets at a lower price point.
The toy industry is expected to be the fastest growing application segment with a CAGR of XX% from 2018 to 2030 owing to increasing demand for toys that offer hours of playtime entertainment with minimum battery consumption. Moreover, rising demand for electronic toys such as remote-control cars, robots etc will drive the growth further during the forecast period.
Hard ferrite magnets are extensively used in various automotive components such as engine mounts & brackets; power steering pumps; fuel filters & reservoirs; mufflers & exhaust systems; air intake manifolds & ducts etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing product demand from end-use industries such as automotive, electronics, and others. In addition, rising investments by various governments for developing manufacturing facilities are anticipated to propel the demand for hard ferrite magnets in this region.
The growing industrialization across Asia Pacific has led to an increase in production volumes of electro-acoustic products such as speakers and headphones which require magnetic shields on motors and transformers thereby driving product sales at retail stores across countries including China, Japan, South Korea among others. This trend is projected to drive regional growth over next eight years.
Growth Factors:
- Increasing demand from the automotive industry for hard ferrite magnets as they are used in alternators, starters, and generators.
- Growing demand for consumer electronics such as loudspeakers, headphones, and microphones that use hard ferrite magnets to create powerful sound effects.
- Rising popularity of electric vehicles which require high-performance motors that use hard ferrite magnets.
- Rapid expansion of the renewable energy sector which is using more hard ferrite magnets in wind turbines and solar panels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hard Ferrite Magnets Market Research Report
By Type
Sintered Ferrite Magnet, Bonded Ferrite Magnet
By Application
Electro-Acoustic Products, Toy Industry, Automotive Industry, Home Appliance Industry, Computer and Office Equipment
By Companies
TDK, Hitachi Metals, DMEGC, Guangdong JPMF, Sinomag, Union Materials, Tokyo Ferrite, BGRIMM Magnetic Materials, Hunan Aerospace Magnet &Magneto, Zhejiang Kaiven Magnet, TDK, Shunde Baling Group, Meizhou Magnetic Materials
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Hard Ferrite Magnets Market Report Segments:
The global Hard Ferrite Magnets market is segmented on the basis of:
Types
Sintered Ferrite Magnet, Bonded Ferrite Magnet
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
Electro-Acoustic Products, Toy Industry, Automotive Industry, Home Appliance Industry, Computer and Office Equipment
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 Metals
- DMEGC
- Guangdong JPMF
- Sinomag
- Union Materials
- Tokyo Ferrite
- BGRIMM Magnetic Materials
- Hunan Aerospace Magnet &Magneto
- Zhejiang Kaiven Magnet
- TDK
- Shunde Baling Group
- Meizhou Magnetic Materials
Highlights of The Hard Ferrite Magnets 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:
- Sintered Ferrite Magnet
- Bonded Ferrite Magnet
- By Application:
- Electro-Acoustic Products
- Toy Industry
- Automotive Industry
- Home Appliance Industry
- Computer and Office Equipment
- 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 Hard Ferrite Magnets 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?
Hard ferrite magnets are made from a hard, brittle iron oxide material that is combined with a soft metal such as copper. The two materials are then heated until the hard iron oxide material liquefies and forms small spheres. These spheres are then packed together to create the magnet.
Some of the key players operating in the hard ferrite magnets market are TDK, Hitachi Metals, DMEGC, Guangdong JPMF, Sinomag, Union Materials, Tokyo Ferrite, BGRIMM Magnetic Materials, Hunan Aerospace Magnet &Magneto, Zhejiang Kaiven Magnet, TDK, Shunde Baling Group, Meizhou Magnetic Materials.
The hard ferrite magnets market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hard Ferrite Magnets 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 Hard Ferrite Magnets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hard Ferrite Magnets 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 Hard Ferrite Magnets 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 Hard Ferrite Magnets Market Size & Forecast, 2020-2028
4.5.1 Hard Ferrite Magnets Market Size and Y-o-Y Growth
4.5.2 Hard Ferrite Magnets 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 Sintered Ferrite Magnet
5.2.2 Bonded Ferrite Magnet
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 Electro-Acoustic Products
6.2.2 Toy Industry
6.2.3 Automotive Industry
6.2.4 Home Appliance Industry
6.2.5 Computer and Office Equipment
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hard Ferrite Magnets 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 Hard Ferrite Magnets 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 Sintered Ferrite Magnet
9.6.2 Bonded Ferrite Magnet
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 Electro-Acoustic Products
9.10.2 Toy Industry
9.10.3 Automotive Industry
9.10.4 Home Appliance Industry
9.10.5 Computer and Office Equipment
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 Sintered Ferrite Magnet
10.6.2 Bonded Ferrite Magnet
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 Electro-Acoustic Products
10.10.2 Toy Industry
10.10.3 Automotive Industry
10.10.4 Home Appliance Industry
10.10.5 Computer and Office Equipment
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 Sintered Ferrite Magnet
11.6.2 Bonded Ferrite Magnet
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 Electro-Acoustic Products
11.10.2 Toy Industry
11.10.3 Automotive Industry
11.10.4 Home Appliance Industry
11.10.5 Computer and Office Equipment
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 Sintered Ferrite Magnet
12.6.2 Bonded Ferrite Magnet
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 Electro-Acoustic Products
12.10.2 Toy Industry
12.10.3 Automotive Industry
12.10.4 Home Appliance Industry
12.10.5 Computer and Office Equipment
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 Sintered Ferrite Magnet
13.6.2 Bonded Ferrite Magnet
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 Electro-Acoustic Products
13.10.2 Toy Industry
13.10.3 Automotive Industry
13.10.4 Home Appliance Industry
13.10.5 Computer and Office Equipment
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 Hard Ferrite Magnets Market: Competitive Dashboard
14.2 Global Hard Ferrite Magnets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TDK
14.3.2 Hitachi Metals
14.3.3 DMEGC
14.3.4 Guangdong JPMF
14.3.5 Sinomag
14.3.6 Union Materials
14.3.7 Tokyo Ferrite
14.3.8 BGRIMM Magnetic Materials
14.3.9 Hunan Aerospace Magnet &Magneto
14.3.10 Zhejiang Kaiven Magnet
14.3.11 TDK
14.3.12 Shunde Baling Group
14.3.13 Meizhou Magnetic Materials
