Ferrite Magnets Market Is Projected to Reach 4420 Million USD by the End of 2025
Ferrite Magnets Market report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.
Los Angeles, CA -- (SBWire) -- 04/26/2019 --Ferrite Magnets are also known as Ceramic Magnets, Ceramic Ferrite Magnets, Feroba Magnets and Hard Ferrite Magnets. Ceramic Ferrite magnets are one of the most widely used permanent magnet materials in the world. Ferrite magnets are a low cost magnet material perfectly suited for higher volume production runs.
In global market, the production of ferrite magnets increases from 1406 K MT in 2011 to 1540 K MT in 2015, at a CAGR about 2.3%. In 2015, the global ferrite magnets market is led by China, capturing about 52.30% of global ferrite magnets production. Japan is the second-largest region-wise market with 13.82% global production share. At present, the major manufacturers of ferrite magnets are concentrated in TDK, Magnetic, Hitachi Metals, FDK, Ferroxcube, DMEGC and JPMF. TDK is the world leader, holding 7.36 % production market share in 2015.
Asia Pacific was the largest regional market for ferrite magnets. Southeast Asia is also expected to witness fastest growth, at an estimated CAGR of 3.2% from 2011 to 2015. China and Japan are expected to witness demand growth at an estimated CAGR of 2.0% and 2.4% from 2011 to 2015, respectively. The global Ferrite Magnets market was 4480 million US$ in 2018 and is expected to 4420 million US$ by the end of 2025, growing at a CAGR of -0.2% between 2019 and 2025.
This report studies the Ferrite Magnets market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Ferrite Magnets in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
TDK
Magnetic
Hitachi Metals
FDK
JFE
TOKIN
ARNORD
FEELUX
Ferroxcube
DMEGC
JPMF
Jinchuan Electronics
TDG
Sinomag
FENGHUA
ACME
By the product type, the market is primarily split into
Soft Ferrites Magnets
Permanent Ferrite Magnets
Others
By the end users/application, this report covers the following segments
Household Appliances & consumer Electronics
Computer & office Equipment
Automobile
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