The Global Hard Ferrite Magnets market was valued at US$ 3257.38 million in 2022 and is anticipated to reach US$ 4245.47 million by 2029, witnessing a CAGR of 3.94% during the forecast period 2023-2029.
North American market for Hard Ferrite Magnets is estimated to increase from $ 858.20 million in 2023 to reach $ 1067.74 million by 2029, at a CAGR of 3.71% during the forecast period of 2023 through 2029.
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Asia-Pacific market for Hard Ferrite Magnets is estimated to increase from $ 1413.38 million in 2022 to reach $ 1862.06 million by 2029, at a CAGR of 4.10% during the forecast period of 2023 through 2029.
The Europe market for Global Hard Ferrite Magnets market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
Hard Ferrite Magnets are also called Ceramic Magnets. There are mainly two types of Hard Ferrite Magnets, Barium ferrite (BaO.6Fe2O3) and Strontium ferrite (SrO.6Fe2O3). Compared with other permanent magnets, sintered ferrite magnet is cheap. It is most suitable for most sensitive, but need not very high performance application. As this is a non-metal magnets, it is the ideal magnets for applications that require non-rusty magnets in humid environment.
Sintered ferrite (ceramic) magnets are also available in forms of isotropic and an-isotropic. The magnetic properties of isotropic ferrite are the same in all directions, therefore they can be magnetized in any pole arrangements. An-isotropic Hard Ferrite Magnets, on the other hand, can only be magnetized in the direction they are oriented during production, but they have much higher magnetic strength than isotropic ones.
This report contains market size and forecasts of Hard Ferrite Magnets in global, including the following market information:
Global Hard Ferrite Magnets Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Hard Ferrite Magnets Market Sales, 2017-2022, 2023-2028, (Kiloton)
Global top five Hard Ferrite Magnets companies in 2021 (%)
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Sintered Ferrite Magnet Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Hard Ferrite Magnets include TDK, Proterial, DMEGC, Guangdong JPMF, Sinomag, Union Materials, Tokyo Ferrite, BGRIMM Magnetic Materials, and Hunan Aerospace Magnet &Magneto, etc. In 2022, the world's top three vendors accounted for approximately 21.95% of the revenue.
We surveyed the Hard Ferrite Magnets manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Hard Ferrite Magnets Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Hard Ferrite Magnets Market Segment Percentages, by Type, 2021 (%)
Sintered Ferrite Magnet
Bonded Ferrite Magnet
Global Hard Ferrite Magnets Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Hard Ferrite Magnets Market Segment Percentages, by Application, 2021 (%)
Electro-Acoustic Products
Toy Industry
Automotive Industry
Home Appliance Industry
Computer and Office Equipment
Global Hard Ferrite Magnets Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Kiloton)
Global Hard Ferrite Magnets Market Segment Percentages, By Region and Country, 2021 (%)
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
The Middle East and Africa (Middle East, Africa)
South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Hard Ferrite Magnets revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Hard Ferrite Magnets revenues share in global market, 2021 (%)
Key companies Hard Ferrite Magnets sales in global market, 2017-2022 (Estimated), (Kiloton)
Key companies Hard Ferrite Magnets sales share in global market, 2021 (%)
key players include:
TDK
Hitachi Metals
DMEGC
Guangdong JPMF
Sinomag
Union Materials
Tokyo Ferrite
BGRIMM Magnetic Materials
Hunan Aerospace Magnet &Magneto
Zhejiang Kaiven Magnet
Guangzhou Golden South
Shunde Baling Group
Meizhou Magnetic Materials
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Table of content
1 Introduction to Research & Analysis Reports1.1 Hard Ferrite Magnets Market Definition1.2 Market Segments1.2.1 Market by Type1.2.2 Market by Application1.3 Global Hard Ferrite Magnets Market Overview1.4 Features & Benefits of This Report1.5 Methodology & Sources of Information1.5.1 Research Methodology1.5.2 Research Process1.5.3 Base Year1.5.4 Report Assumptions & Caveats2 Global Hard Ferrite Magnets Overall Market Size2.1 Global Hard Ferrite Magnets Market Size: 2021 VS 20282.2 Global Hard Ferrite Magnets Revenue, Prospects & Forecasts: 2017-20282.3 Global Hard Ferrite Magnets Sales: 2017-20283 Company Landscape3.1 Top Hard Ferrite Magnets Players in Global Market3.2 Top Global Hard Ferrite Magnets Companies Ranked by Revenue3.3 Global Hard Ferrite Magnets Revenue by Companies3.4 Global Hard Ferrite Magnets Sales by Companies3.5 Global Hard Ferrite Magnets Price by Manufacturer (2017-2022)3.6 Top 3 and Top 5 Hard Ferrite Magnets Companies in Global Market, by Revenue in 20213.7 Global Manufacturers Hard Ferrite Magnets Product Type3.8 Tier 1, Tier 2 and Tier 3 Hard Ferrite Magnets Players in Global Market3.8.1 List of Global Tier 1 Hard Ferrite Magnets Companies3.8.2 List of Global Tier 2 and Tier 3 Hard Ferrite Magnets Companies4 Sights by Product4.1 Overview4.1.1 By Type - Glob
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