It Is Predicted That The Global Ferrite Magnetic Material Will Reach About 1.1 Million Tons In 2022

- Feb 28, 2019-

Ferrite magnetic material is a kind of composite oxide sintered nonmetallic magnetic material. It mainly includes permanent magnetic ferrite magnetic materials and soft magnetic ferrite magnetic materials.

Permanent magnet ferrite is mainly used in household appliances, loudspeakers, microwave ovens and motor related to automobiles, etc. The manufacturing enterprises are mainly distributed in China and Japan. Japan mainly include TDK, Hitachi, etc. In the aspect of market prospects, though the industry rise slightly, but the traditional home appliance and IT industry have a downward trend in which caused permanent magnetic ferrite downstream applications, including electroacoustic, growth is significantly lower, especially the motor makes the permanent magnet material to the overall market growth is slowing, the next few years will enter a optimization adjustment, improving the quality of the replaced by technology and, widen and new applications. In terms of technical development, permanent magnet will develop towards improving magnetic properties, forming thin magnetic tile, diversified magnetization methods and other directions.

Soft ferrite series products are mainly used in household appliances, computers, mobile phones, servers, new energy, industrial power, automotive electronics and other aspects. Manufacturing enterprises are mainly distributed in China, Taiwan and Japan. China mainly includes hengdian tomac, tiantong shares, east sunshine, etc. Taiwan has a peak, and Japan mainly includes TDK, FDK, etc. In terms of market prospect, although the market of traditional PC, traditional lighting and power supply is shrinking and the price is falling, the emerging fields such as wireless charging, charging piles, electric cars, NFC market, photovoltaic inverters and servers will see explosive growth, which makes the future growth of soft magnetic industry predictable.

According to the 2017 global ferrite magnetic materials market research report released by QYResearch in July 2017, the global market of ferrite magnetic materials is expected to grow from $3.573 billion in 2016 to $3.783 billion in 2022. During the analysis period from 2016 to 2022, the compound annual growth rate (CAGR) is 0.95%. The global market for ferrite magnets is expected to grow from 1.02 million tonnes in 2016 to about 1.1 million tonnes in 2022, with a compound annual growth rate (CAGR) of 1.27% during the 2016-2022 analysis period.