Market Overview:
The global strontium ferrites 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 strontium ferrite from the telecommunication, electronic industry, and other applications. Strontium ferrite is used as an important component in various electronic products such as transformers, inductors, and chokes. It helps in improving the performance of these products by reducing their weight and size. In addition, it also helps in suppressing noise and electromagnetic interference (EMI).
Product Definition:
Strontium ferrite is a compound of strontium, iron and oxygen. It is used to make magnets, loudspeakers and other electronic components.
Strontium Ferrite Ingot:
Strontium ferrite is a type of ceramic material, which contains iron, magnesium and calcium. It has the ability to absorb magnetic flux and can be used as an alternative to steel wool for magnetic applications. The product is also known as strontium ferrite or SrF2 with reference to its composition.
Strontium Ferrite Lump:
Strontium ferrite is a type of ceramic material, which contains iron oxide (Fe2O3) and strontium. Strontium ferrite has the ability to absorb energy from magnetic fields and convert it into heat. It can be used in applications such as transformers where high power density is required along with good efficiency, low noise level, small size and weight are some important characteristics of the transformer core materials.
Application Insights:
Strontium ferrite is used in various applications including telecommunications, electronic industry and others. The Strontium ferrite used in telecommunication application accounted for the largest market share of over 40% in 2017. It is mainly used as an inductor material for wireless communication devices such as cell phones, Wi-Fi routers and Bluetooth beacons among others. Increasing demand for smartphones has been a major factor driving the growth of this segment during recent years.
The product finds application across diverse industries such as medical equipment & appliances, industrial machinery & equipment manufacturing and consumer electronics among others which are expected to propel its demand over the forecast period significantly contributing to global strontium ferrites market growth during 2018 - 2030 ¢â‚¬â€œ 2030).
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to rapid industrialization and increasing demand from end-use industries such as telecommunication, electronics, and others. Increasing disposable income coupled with rising penetration of mobile phones in developing economies such as India and China are anticipated to drive regional growth over the coming years.
The Asia Pacific was followed by North America which accounted for a revenue share of 22% in 2017 on account of growing demand for ferroelectric materials from various end-use industries due to their superior properties including high frequency characteristics and low hysteresis loss at temperature range between 0°C - 100°C thus making them suitable for use across broad applications including telecommunication equipment among others.
Growth Factors:
- Increasing demand from the electronics industry for Strontium Ferrites as a key component in various electronic devices is expected to be a major growth driver for the market over the forecast period.
- Growing demand for Strontium Ferrites from the automotive industry as an important material in manufacturing brake pads and other automotive components is anticipated to fuel market growth during the forecast period.
- Rising awareness about the benefits of using Strontium Ferrites in various industrial applications is projected to boost market growth over the next few years.
- The increasing use of Strontium Ferrite nanoparticles in biomedical applications is expected to create new opportunities for this market during the forecast period. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Strontium Ferrites Market Research Report
By Type
Strontium Ferrite Ingot, Strontium Ferrite Lump, Strontium Ferrite Powder
By Application
Telecommunication, Electronic industry, Others
By Companies
TDK, DMEGC, Hitachi Metals, JPMF, American Elements
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
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Strontium Ferrites Market Report Segments:
The global Strontium Ferrites market is segmented on the basis of:
Types
Strontium Ferrite Ingot, Strontium Ferrite Lump, Strontium Ferrite Powder
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
Telecommunication, Electronic industry, Others
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
- DMEGC
- Hitachi Metals
- JPMF
- American Elements
Highlights of The Strontium Ferrites 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:
- Strontium Ferrite Ingot
- Strontium Ferrite Lump
- Strontium Ferrite Powder
- By Application:
- Telecommunication
- Electronic industry
- Others
- 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 Strontium Ferrites 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?
Strontium ferrites are a type of ceramic material that is used in electronic equipment, such as cell phones and laptops. Strontium ferrites are made from strontium oxide and silicon dioxide, which are mixed together to create a solid material. This mixture is then heated until it becomes a liquid, at which point the strontium oxide particles start to settle. The silicon dioxide particles keep the strontium oxide suspended in the liquid, so when the material cools it forms small balls of strontium ferrite.
Some of the key players operating in the strontium ferrites market are TDK, DMEGC, Hitachi Metals, JPMF, American Elements.
The strontium ferrites 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 Strontium Ferrites 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 Strontium Ferrites Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Strontium Ferrites 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 Strontium Ferrites 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 Strontium Ferrites Market Size & Forecast, 2018-2028
4.5.1 Strontium Ferrites Market Size and Y-o-Y Growth
4.5.2 Strontium Ferrites Market Absolute $ Opportunity
Chapter 5 Global Strontium Ferrites 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 Strontium Ferrites Market Size Forecast by Type
5.2.1 Strontium Ferrite Ingot
5.2.2 Strontium Ferrite Lump
5.2.3 Strontium Ferrite Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Strontium Ferrites 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 Strontium Ferrites Market Size Forecast by Applications
6.2.1 Telecommunication
6.2.2 Electronic industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Strontium Ferrites 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 Strontium Ferrites 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 Strontium Ferrites Analysis and Forecast
9.1 Introduction
9.2 North America Strontium Ferrites 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 Strontium Ferrites Market Size Forecast by Type
9.6.1 Strontium Ferrite Ingot
9.6.2 Strontium Ferrite Lump
9.6.3 Strontium Ferrite Powder
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 Strontium Ferrites Market Size Forecast by Applications
9.10.1 Telecommunication
9.10.2 Electronic industry
9.10.3 Others
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 Strontium Ferrites Analysis and Forecast
10.1 Introduction
10.2 Europe Strontium Ferrites 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 Strontium Ferrites Market Size Forecast by Type
10.6.1 Strontium Ferrite Ingot
10.6.2 Strontium Ferrite Lump
10.6.3 Strontium Ferrite Powder
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 Strontium Ferrites Market Size Forecast by Applications
10.10.1 Telecommunication
10.10.2 Electronic industry
10.10.3 Others
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 Strontium Ferrites Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Strontium Ferrites 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 Strontium Ferrites Market Size Forecast by Type
11.6.1 Strontium Ferrite Ingot
11.6.2 Strontium Ferrite Lump
11.6.3 Strontium Ferrite Powder
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 Strontium Ferrites Market Size Forecast by Applications
11.10.1 Telecommunication
11.10.2 Electronic industry
11.10.3 Others
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 Strontium Ferrites Analysis and Forecast
12.1 Introduction
12.2 Latin America Strontium Ferrites 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 Strontium Ferrites Market Size Forecast by Type
12.6.1 Strontium Ferrite Ingot
12.6.2 Strontium Ferrite Lump
12.6.3 Strontium Ferrite Powder
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 Strontium Ferrites Market Size Forecast by Applications
12.10.1 Telecommunication
12.10.2 Electronic industry
12.10.3 Others
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) Strontium Ferrites Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Strontium Ferrites 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) Strontium Ferrites Market Size Forecast by Type
13.6.1 Strontium Ferrite Ingot
13.6.2 Strontium Ferrite Lump
13.6.3 Strontium Ferrite Powder
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) Strontium Ferrites Market Size Forecast by Applications
13.10.1 Telecommunication
13.10.2 Electronic industry
13.10.3 Others
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 Strontium Ferrites Market: Competitive Dashboard
14.2 Global Strontium Ferrites Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TDK
14.3.2 DMEGC
14.3.3 Hitachi Metals
14.3.4 JPMF
14.3.5 American Elements
