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PUBLISHER: Grand View Research | PRODUCT CODE: 1908759
PUBLISHER: Grand View Research | PRODUCT CODE: 1908759
Ferrite Magnet Market Size, Share & Trends Analysis Report, By Application (Automotive, Consumer Goods & Electronics, Industrial), By Region, And Segment Forecasts, 2025 - 2033
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PAGES: 110 Pages
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Ferrite Magnet Market Summary
The global ferrite magnet market size was estimated at USD 5.96 billion in 2024 and is projected to reach USD 10.52 billion by 2033, growing at a CAGR of 6.5% from 2025 to 2033. The increasing demand for cost-effective, high-performance permanent magnets across automotive, consumer electronics, and industrial machinery applications is a significant factor driving market growth.
Ferrite magnets continue to gain preference due to their strong magnetic properties, excellent corrosion resistance, and lower production costs compared to rare-earth magnets, making them well-suited for mass-production environments.
Sustainability has emerged as a significant catalyst for the growth of the ferrite magnets industry, as industries increasingly shift toward environmentally responsible materials. Unlike rare-earth magnets, which rely on resource-intensive mining and processing, ferrite magnets are produced using abundant raw materials such as iron oxide and strontium carbonate, resulting in a lower environmental impact and reduced supply-chain risks. Their long service life, corrosion resistance, and recyclability further strengthen their appeal in applications where durability and circular economy principles are prioritized. As governments and corporations intensify efforts to decarbonize industrial operations and improve energy efficiency, ferrite magnets are steadily becoming a preferred alternative for high-volume applications in electric motors, appliances, and power tools.
On the technology front, ongoing advancements in material science and manufacturing techniques are significantly enhancing the performance potential of ferrite magnets. Innovations in powder metallurgy, grain boundary optimization, and sintering processes have led to higher magnetic anisotropy and improved heat resistance, enabling ferrite magnets to penetrate more demanding applications that were previously dominated by neodymium-based magnets. The integration of automation and digital monitoring in production lines is also improving dimensional precision and consistency, reducing defect rates and enabling mass customization for OEMs. With rapid progress in electric drivetrain engineering, robotics, and innovative consumer devices, technology-driven improvements are expected to expand the application scope of ferrite magnets over the next decade.
Global Ferrite Magnet Market Report Segmentation
This report forecasts global, country, and regional revenue growth and analyzes the latest trends in each sub-segment from 2021 to 2033. For this study, Grand View Research has segmented the global ferrite magnet market report based on the application and region:
- Application Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- Automotive
- Consumer Goods & Electronics
- Industrial
- Medical
- Energy
- Aerospace & Defense
- Others
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Latin America
- Brazil
- Middle East & Africa
- South Africa
- Iran
Product Code: GVR-4-68040-826-8
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Global Permanent Magnet Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Equipment/ Raw Material Trends
- 3.3. Type Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Trends
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Ferrite Magnets Market: Application Estimates & Trend Analysis
- 4.1. Ferrite Magnets Market: Application Movement Analysis, 2024 & 2033
- 4.2. Application Outlook (Revenue, USD Million; Volume, Kilotons; 2021 - 2033)
- 4.3. Automotive
- 4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 4.4. Consumer Goods & Electronics
- 4.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 4.5. Industrial
- 4.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 4.6. Medical
- 4.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 4.7. Energy
- 4.7.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 4.8. Aerospace & Defense
- 4.8.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 4.9. Others
- 4.9.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
Chapter 5. Ferrite Magnets Market: Regional Estimates & Trend Analysis
- 5.1. Regional Analysis, 2024 & 2033
- 5.2. North America
- 5.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.3. U.S.
- 5.2.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.3.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.4. Canada
- 5.2.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.4.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.5. Mexico
- 5.2.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.2.5.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.3. Europe
- 5.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.3.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.3.3. Germany
- 5.3.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.3.3.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.3.4. UK
- 5.3.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.3.4.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.3.5. France
- 5.3.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.3.5.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.3.6. Russia
- 5.3.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.3.6.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.4. Asia Pacific
- 5.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.3. China
- 5.4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.3.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.4. India
- 5.4.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.4.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.5. Japan
- 5.4.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.5.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.6. Australia
- 5.4.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4.6.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.5. Latin America
- 5.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.5.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.5.3. Brazil
- 5.5.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.5.3.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.6. Middle East & Africa
- 5.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.6.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.6.3. South Africa
- 5.6.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.6.3.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- 5.6.4. Iran
- 5.6.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.6.4.2. Market estimates and forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Kraljic Matrix
- 6.3. Company Categorization
- 6.4. Heat Map Analysis
- 6.5. Vendor Landscape
- 6.5.1. List of Raw Material/Equipment/Type Suppliers
- 6.5.2. List of Other Prominent Manufacturers
- 6.6. List of Prospective End-Users
- 6.7. Strategy Mapping
- 6.8. Company Profiles/Listing
- 6.8.1. Arnold Magnetic Technologies
- 6.8.1.1. Company Overview
- 6.8.1.2. Financial Performance
- 6.8.1.3. Product Benchmarking
- 6.8.2. Electron Energy Corporation (EEC)
- 6.8.2.1. Company Overview
- 6.8.2.2. Financial Performance
- 6.8.2.3. Product Benchmarking
- 6.8.3. Magengine Co., Ltd.
- 6.8.3.1. Company Overview
- 6.8.3.2. Financial Performance
- 6.8.3.3. Product Benchmarking
- 6.8.4. Ningbo Yunsheng Co., Ltd.
- 6.8.4.1. Company Overview
- 6.8.4.2. Financial Performance
- 6.8.4.3. Product Benchmarking
- 6.8.5. Proterial Ltd.
- 6.8.5.1. Company Overview
- 6.8.5.2. Financial Performance
- 6.8.5.3. Product Benchmarking
- 6.8.6. Shin-Etsu Chemical Co., Ltd.
- 6.8.6.1. Company Overview
- 6.8.6.2. Financial Performance
- 6.8.6.3. Product Benchmarking
- 6.8.7. Sinosteel New Materials
- 6.8.7.1. Company Overview
- 6.8.7.2. Financial Performance
- 6.8.7.3. Product Benchmarking
- 6.8.8. TDK Corporation
- 6.8.8.1. Company Overview
- 6.8.8.2. Financial Performance
- 6.8.8.3. Product Benchmarking
- 6.8.9. Tianshui Hengtong Group
- 6.8.9.1. Company Overview
- 6.8.9.2. Financial Performance
- 6.8.9.3. Product Benchmarking
- 6.8.10. XHMAG
- 6.8.10.1. Company Overview
- 6.8.10.2. Financial Performance
- 6.8.10.3. Product Benchmarking
- 6.8.1. Arnold Magnetic Technologies
Product Code: GVR-4-68040-826-8
List of Tables
- Table 1. Ferrite Magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 2. Ferrite Magnets market estimates and forecasts, by automotive, 2021 - 2033 (USD Million) (Kilotons)
- Table 3. Ferrite Magnets market estimates and forecasts, by consumer goods & electronics, 2021 - 2033 (USD Million) (Kilotons)
- Table 4. Ferrite Magnets market estimates and forecasts, by industrial, 2021 - 2033 (USD Million) (Kilotons)
- Table 5. Ferrite Magnets market estimates and forecasts, by medical, 2021 - 2033 (USD Million) (Kilotons)
- Table 6. Ferrite Magnets market estimates and forecasts, by energy, 2021 - 2033 (USD Million) (Kilotons)
- Table 7. Ferrite Magnets market estimates and forecasts, by aerospace & defense, 2021 - 2033 (USD Million) (Kilotons)
- Table 8. Ferrite Magnets market estimates and forecasts, by other application, 2021 - 2033 (USD Million) (Kilotons)
- Table 9. North America ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 10. North America ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 11. U.S. ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 12. U.S. ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 13. Canada ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 14. Canada ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 15. Mexico ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 16. Mexico ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 17. Europe ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 18. Europe ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 19. Germany ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 20. Germany ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 21. UK ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 22. UK ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 23. France ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 24. France ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 25. Russia ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 26. Russia ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 27. Asia Pacific ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 28. Asia Pacific ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 29. China ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 30. China ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 31. Japan ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 32. Japan ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 33. India ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 34. India ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 35. Australia ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 36. Australia ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 37. Latin America ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 38. Latin America ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 39. Brazil ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 40. Brazil ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 41. Middle East & Africa ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 42. Middle East & Africa ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 43. South Africa ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 44. South Africa ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
- Table 45. Iran ferrite magnets market estimates & forecasts, 2021 - 2033 (USD Million) (Kilotons)
- Table 46. Iran ferrite magnets market estimates & forecasts, by application, 2021 - 2033 (USD Million) (Kilotons)
List of Figures
- Fig. 1 Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segmental Outlook - Application
- Fig. 8 Competitive Outlook
- Fig. 9 Ferrite Magnets Market Outlook, 2021 - 2033 (USD Million) (Kilotons)
- Fig. 10 Value Chain Analysis
- Fig. 11 Market Dynamics
- Fig. 12 Porter's Analysis
- Fig. 13 PESTEL Analysis
- Fig. 14 Ferrite Magnets Market, By Application: Key Takeaways
- Fig. 15 Ferrite Magnets Market, By Application: Market Share, 2024 & 2033
- Fig. 16 Ferrite Magnets Market: Regional Analysis, 2024 & 2033
- Fig. 17 Ferrite Magnets Market, By Region: Key Takeaways
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