You are currently viewing Global Ferrite Magnet Market to be Driven by the Favourable Properties of the Magnets in the Forecast Period of 2021-2026

Global Ferrite Magnet Market to be Driven by the Favourable Properties of the Magnets in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Ferrite Magnet Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global ferrite magnet market, assessing the market based on its segments like applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/ferrite-magnet-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): 1.24 million tons
  • Forecast CAGR (2021-2026): 3 %

The favourable properties of these magnets, such as resistance to demagnetization, excellent corrosion resistance, and low prices, are currently driving the market. Over the forecast period, the industry is expected to benefit from the increasing use of these magnets in electro-acoustic products. Furthermore, increased ferrite magnet adoption in the automotive industry for braking and locking systems, rising passenger and commercial vehicle sales, the introduction   of advanced automobiles into the market, and the role of ferrite magnet as an essential component in various medical devices are expected to boost the global ferrite magnet market.

Industry Definition and Major Segments

Ferrite magnets are ferrimagnetic ceramic compounds that are composed of a chemical combination of various metals. They have high electrical and temperature resistivity and offer excellent chemical stability. Moreover, ferrite magnets have corrosion-resistant properties, due to which they are extensively used in various electronic components , such as speakers and motors, among others.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/ferrite-magnet-market

Based on applications, the market is divided into:

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

By  region, the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Latest News on Global Ferrite Magnet Market@ https://www.expertmarketresearch.com/pressrelease/global-ferrite-magnet-market

Market Trends

Electro-acoustic products are the most common application for ferrite magnets among these. Technological  advancements and innovations within the electro-acoustic sector is projected to further the demand or ferrite magnet within the segment.

China is the product’s largest market in terms of geography. The market in China is aided by the easy availability  of raw materials, along with the wide availability of cheap labour. The robust presence of downstream players, combined with the rising industrialisation in China, has aided the market growth in the country.  Other significant regions in the market include the United States, Japan, and India. The presence of major industry players in Japan like Hitachi Metals, Ltd. has propelled the market in Japan, while the healthy growth of downstream industries, such as the automotive and electronics industries, has aided the market growth in India and the United States.

Key Market Players

The major players in the market are Ningbo Yunsheng Co. Ltd., Hangzhou Permanent Magnet Group., Ltd, LINGYI Guangdong Co., Ltd, NingBo NingGang Permanent Magnetic Materials Co., Ltd. (NGYC), Hitachi Metals, Ltd., And others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read More Reports:

Global Wound Care Market: https://www.expertmarketresearch.com/reports/wound-care-market

Global Biomass Power Market: https://www.expertmarketresearch.com/reports/biomass-power-market

Global Liquid Fertilizers Market: https://www.expertmarketresearch.com/reports/liquid-fertilizer-market

Global Contraband Detector Market: https://www.expertmarketresearch.com/reports/contraband-detector-market

Global Regenerative Medicine Market: https://www.expertmarketresearch.com/reports/regenerative-medicine-market

Global Ventricular Assist Device Market: https://www.expertmarketresearch.com/reports/ventricular-assist-device-market

Global Microdermabrasion Devices Market: https://www.expertmarketresearch.com/reports/microdermabrasion-devices-market

Global Content Moderation Solutions Market: https://www.expertmarketresearch.com/reports/content-moderation-solutions-market

Global Psoriatic Arthritis Treatment Market: https://www.expertmarketresearch.com/reports/psoriatic-arthritis-treatment-market

Global Metal Implants and Medical Alloys Market: https://www.expertmarketresearch.com/reports/metal-implants-and-medical-alloys-market

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com

To get more insights on the topic, click here: https://expertmarketresearch-emr.blogspot.com/

Also, Check Procurement Intelligence which provides you Infallible research solutions.

*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.

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.