Market Overview:
The global magnesium chromium ferrite market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for magnesium chromium ferrite from various end-use industries, such as electronics, automotive, aerospace and others. Magnesium chromium ferrite is used in various applications owing to its excellent magnetic and thermal properties. It is also non-toxic in nature and does not corrode easily, which makes it suitable for use in various industrial applications. Some of the key players operating in the global magnesium chromium ferrite market are Hitachi Metals Ltd., TDK Corporation, Samsung Electro-Mechanics Co., Ltd., Sumitomo Electric Industries Ltd.
Product Definition:
A ferrite is a type of ceramic material that is composed of iron oxide and one or more additional metallic elements. Magnesium chromium ferrite (MgCr2O4) is a common type of ferrite that has high thermal stability and corrosion resistance. It is used in various applications, including as an additive in casting alloys, coatings for magnetic materials, and magnets.
Polycrystalline Ferrite:
Polycrystalline ferrite is a new material, which has been developed from fine crystals of magnesium and chromium. It has properties similar to that of magnetite (Fe3O4) but with higher saturation and lower Curie temperature. Polycrystalline ferrite can be used as an alternative to expensive ceramic magnets in various applications such as electric motors, computers, hard disk drives etc., owing to its low cost and easy availability.
Single Crystal Ferrite:
Single crystal ferrite is a type of magnetic material which has a hexagonal crystalline structure. It can be produced by heating an iron-silicone compound at 1400°C for two hours in an electric field. Single crystal ferrites have high Curie temperature and low coercivity compared to their counterparts, thus making them useful for applications requiring high temperature and large magnetization, respectively.
Application Insights:
Magnesium-based polycrystalline and single crystal ferrite are used in various applications including electronics, automotive, aerospace, and others. Electronics was the largest application segment accounting for over 50% of the global magnesium chromium ferrite market revenue in 2016. The product is widely used as an electronic component due to its excellent magnetic properties which make it suitable for use in hard disk drives, MRAM memory devices, and spintronics devices among others.
The product has a high resistance towards corrosion which makes it ideal for use as an additive during manufacturing of electrical equipment such as printed circuit boards (PCB) that are used in consumer electronics products among other niche applications. Automotive sector accounted for over 20% of the overall industry revenue share on account of increasing demand from end-user markets such as transportation & logistics companies along with rising R&D investments by key players operating within the industry space such as Magnesiumite Ltd., Aker Kværner ASA.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of 68.2% in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing demand from end-use industries, such as electronics, automotive, aerospace & defense, etc.
The Asia Pacific was followed by Europe with a revenue share of 16.3% in 2017 owing to high product consumption mainly across major countries including Germany.
Growth Factors:
- Increasing demand from the automotive and electronics industries for magnesium chromium ferrite magnets is expected to drive the market growth.
- Growing awareness about the benefits of using magnesium chromium ferrite magnets is anticipated to propel market growth.
- Rising demand for energy-efficient and high-performance products is projected to fuel the market growth over the forecast period.
- Technological advancements in manufacturing processes are expected to provide opportunities for market expansion over the next few years. 5) The increasing use of magnesium chromium ferrite magnets in medical applications is likely to create new opportunities for this market during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnesium Chromium Ferrite Market Research Report
By Type
Polycrystalline Ferrite, Single Crystal Ferrite, Amorphous Ferrite
By Application
Electronics, Automotive, Aerospace, Others
By Companies
TDK, DMEGC, Hitachi Metals, JPMF, TDG, KY.CC, Sinomag, ARNORD, FENGHUA, TOKIN, Jinchuan Electronics, FEELUX, JFE, MMG
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Magnesium Chromium Ferrite Market Report Segments:
The global Magnesium Chromium Ferrite market is segmented on the basis of:
Types
Polycrystalline Ferrite, Single Crystal Ferrite, Amorphous Ferrite
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
Electronics, Automotive, Aerospace, 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
- TDG
- KY.CC
- Sinomag
- ARNORD
- FENGHUA
- TOKIN
- Jinchuan Electronics
- FEELUX
- JFE
- MMG
Highlights of The Magnesium Chromium Ferrite 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:
- Polycrystalline Ferrite
- Single Crystal Ferrite
- Amorphous Ferrite
- By Application:
- Electronics
- Automotive
- Aerospace
- 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 Magnesium Chromium Ferrite 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?
Magnesium Chromium Ferrite is a ceramic material that has the ability to resist corrosion and heat. It is also lightweight and easy to work with, making it a popular choice for applications such as aerospace components, medical devices, and solar panels.
Some of the key players operating in the magnesium chromium ferrite market are TDK, DMEGC, Hitachi Metals, JPMF, TDG, KY.CC, Sinomag, ARNORD, FENGHUA, TOKIN, Jinchuan Electronics, FEELUX, JFE, MMG.
The magnesium chromium ferrite market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnesium Chromium Ferrite Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Magnesium Chromium Ferrite Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnesium Chromium Ferrite Market - Supply Chain
4.5. Global Magnesium Chromium Ferrite Market Forecast
4.5.1. Magnesium Chromium Ferrite Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnesium Chromium Ferrite Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnesium Chromium Ferrite Market Absolute $ Opportunity
5. Global Magnesium Chromium Ferrite Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Magnesium Chromium Ferrite Market Size and Volume Forecast by Type
5.3.1. Polycrystalline Ferrite
5.3.2. Single Crystal Ferrite
5.3.3. Amorphous Ferrite
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnesium Chromium Ferrite Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Magnesium Chromium Ferrite Market Size and Volume Forecast by Application
6.3.1. Electronics
6.3.2. Automotive
6.3.3. Aerospace
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnesium Chromium Ferrite Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Magnesium Chromium Ferrite Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Magnesium Chromium Ferrite Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Magnesium Chromium Ferrite Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Magnesium Chromium Ferrite Demand Share Forecast, 2019-2026
9. North America Magnesium Chromium Ferrite Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Magnesium Chromium Ferrite Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Magnesium Chromium Ferrite Market Size and Volume Forecast by Application
9.4.1. Electronics
9.4.2. Automotive
9.4.3. Aerospace
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnesium Chromium Ferrite Market Size and Volume Forecast by Type
9.7.1. Polycrystalline Ferrite
9.7.2. Single Crystal Ferrite
9.7.3. Amorphous Ferrite
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Magnesium Chromium Ferrite Demand Share Forecast, 2019-2026
10. Latin America Magnesium Chromium Ferrite Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Magnesium Chromium Ferrite Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Magnesium Chromium Ferrite Market Size and Volume Forecast by Application
10.4.1. Electronics
10.4.2. Automotive
10.4.3. Aerospace
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnesium Chromium Ferrite Market Size and Volume Forecast by Type
10.7.1. Polycrystalline Ferrite
10.7.2. Single Crystal Ferrite
10.7.3. Amorphous Ferrite
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Magnesium Chromium Ferrite Demand Share Forecast, 2019-2026
11. Europe Magnesium Chromium Ferrite Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Magnesium Chromium Ferrite Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Magnesium Chromium Ferrite Market Size and Volume Forecast by Application
11.4.1. Electronics
11.4.2. Automotive
11.4.3. Aerospace
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnesium Chromium Ferrite Market Size and Volume Forecast by Type
11.7.1. Polycrystalline Ferrite
11.7.2. Single Crystl Ferrite
11.7.3. Amorphous Ferrite
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Magnesium Chromium Ferrite Demand Share, 2019-2026
12. Asia Pacific Magnesium Chromium Ferrite Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Magnesium Chromium Ferrite Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Magnesium Chromium Ferrite Market Size and Volume Forecast by Application
12.4.1. Electronics
12.4.2. Automotive
12.4.3. Aerospace
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnesium Chromium Ferrite Market Size and Volume Forecast by Type
12.7.1. Polycrystalline Ferrite
12.7.2. Single Crystal Ferrite
12.7.3. Amorphous Ferrite
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Magnesium Chromium Ferrite Demand Share, 2019-2026
13. Middle East & Africa Magnesium Chromium Ferrite Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Magnesium Chromium Ferrite Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Magnesium Chromium Ferrite Market Size and Volume Forecast by Application
13.4.1. Electronics
13.4.2. Automotive
13.4.3. Aerospace
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnesium Chromium Ferrite Market Size and Volume Forecast by Type
13.7.1. Polycrystalline Ferrite
13.7.2. Single Crystal Ferrite
13.7.3. Amorphous Ferrite
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Magnesium Chromium Ferrite Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnesium Chromium Ferrite Market: Market Share Analysis
14.2. Magnesium Chromium Ferrite Distributors and Customers
14.3. Magnesium Chromium Ferrite Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. TDK
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DMEGC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hitachi Metals
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. JPMF
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TDG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. KY.CC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sinomag
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ARNORD
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. FENGHUA
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. TOKIN
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jinchuan Electronics
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. FEELUX
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. JFE
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. MMG
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
