This market research report covers the global and regional market with an in-depth analysis. Furthermore, it sheds light on the comprehensive competitive situation of the global and regional markets.
New York, United States – July 2, 2020 /MarketersMedia/ —
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.
The properties of these magnets include anti-diamagnetism, excellent corrosion resistance and low price, which are currently driving the market. The development and modernization of infrastructure is one of the main factors driving the growth of the ferrite magnet market. The growing trend of modernization and electrification to increase efficiency and reduce production costs has driven the use of ferrite magnets in various industries. Fluctuations in raw material costs are one of the main factors restricting the growth of ferrite magnet market. It has a wide range of implications for manufacturing companies. From rising energy costs to unexpected fluctuations in raw material prices, unforeseen barriers are disrupting supply chains, making it difficult for manufacturers to deliver quality products and make a profit at low prices. The prices of rare earth metals and other raw materials used to make ferrite magnets have been volatile. This affects the quality and quantity of ferrite magnets produced. Manufacturers pass on the extra costs to consumers. Sometimes, this reduces the consumption of ferrite magnets and damages their image as a cost-effective material. Take rare earth ferrite magnets, for example, due to China’s supply restrictions, rare earth materials such as radon are highly volatile.
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The Major Players Profiled in This Report Include:
The Type and Application Analysis:
On the basis of type, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into:
Soft Ferrites Magnets
Permanent Ferrite Magnets
On the basis of application, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each application/end users, primarily divided into:
Household Appliances & Consumer Electronics
Computer & Office Equipment
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The Asia Pacific region is the largest market for ferrite magnets. Strong economic growth and subsequent investments in industries such as automotive, consumer electronics, and the environment and energy are driving demand for ferrite magnets. Demand is shifting to the Asia-Pacific region as the economies of Europe and North America shrink and saturate. In addition, low production costs are driving the development of ferrite magnets in the region. At present, China is the largest producer and consumer of ferrite magnets. China’s cheap labor and abundant raw materials make the region an ideal destination for magnet manufacturers and their end-users.
Ferrite Magnets Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Ferrite Magnets Market by Types
Chapter 4 Segmentation of Ferrite Magnets Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Ferrite Magnets Market in Major Countries
Chapter 7 North America Ferrite Magnets Landscape Analysis
Chapter 8 Europe Ferrite Magnets Landscape Analysis
Chapter 9 Asia Pacific Ferrite Magnets Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Ferrite Magnets Landscape Analysis
Chapter 11 Major Players Profile
11.1.1 TDK Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2.1 Magnetic Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3 Hitachi Metals
11.3.1 Hitachi Metals Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures
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Ferrite Magnets Report Provide:
Potential opportunities and challenges analysis in the Ferrite Magnets market.
Current and future market outlook in the developed and emerging regional markets.
Detailed analysis of the segment that is expected to dominate the market.
Regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
Comprehensive & in-depth research and after-sales warranty by Global Market Monitor.
Analysis of Influences of COVID-19 to the present and future Ferrite Magnets market and related industry.
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