Ceramic Magnets Market Revenue Growth and Factors, Regional Share Analysis & Forecast Till 2028

The global ceramic magnets market is expected to reach USD 14.46 Billion by 2028, according to a new report by Reports and Data. Ceramic magnets are a low cost substitute for metallic magnets. These magnets owing to their corrosion and demagnetization resistance property and low-cost of production are used in various applications. Ceramic magnets contribute to around 75%, by weight, of the global demand for permanent magnets.

The low cost of production and abundant availability is anticipated to propel the market demand in the forecast period. The Ceramic magnets are the least expensive as compared to alnico and rare earth magnets and thus, find applications in a variety of products. These type of magnets have lower service temperature than alnico but higher as compared to rare earth metals, and lower energy product than both alnico and rare earth magnets.

Ceramic magnets have a high intrinsic coercive force and are available in simple shapes like block, ring, and rod, among other shapes. This type of magnet provides substantial coercivity in applications such as electric motors, generators, alternators, hard disks, and servomotors. They have brought revolution in areas of energy storage and power generation. Ceramic magnets aid to increase the efficiency of generator motors, drive motors, and servomotors, and thus result in notable power savings.

Key participants include Arnold Magnetic Technologies, Neo Magnequench, Alliance LLC, Hitachi Metals Ltd., Samwha Electronics, DMEGC, TDK Corporation, Ferroxcube, JPMF Guangdong Co. Ltd., and Hangzhou Permanent Magnet Group among others.

Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/1514

Refrigerator magnets, security systems, pot magnets, loudspeakers, large plate magnets to eliminate contaminations from processing lines, motors, generators, medical instruments, and switches & relays are some of the typical applications of ceramic magnets.

Magnets made from rare earth elements like neodymium and Samarium-Cobalt are gaining more traction in those applications where high coercivity is of prime importance, thereby giving stiff competition for ceramic magnets and hence, may create hindrances in the growth of the market in the forecast period.

Further key findings from the report suggest

  • Anisotropic grade magnets are expected to grow at a significant rate in the forecast period. Magnetic anisotropy is the characteristic that gives a specified direction on the spin of a system, which may not be aligned with the application of an external magnetic field. During the production of such magnets, the material is pressed into an electromagnetic field as a result of which, the material adjusts ideally.
  • The anisotropic ceramic magnets are stronger than isotropic ones, with their magnetization in the preferred direction as well as being more expensive than isotropic ones.
  • Hard Ferrite magnets held the largest market share in 2020 and are likely to maintain its market leadership with a growth rate of 6.5% in the forecast period.
  • Electrical and electronics industry held a significant market share in 2020 and is expected to grow at a CAGR of 7.2% in the forecast period attributed to extensive use of ceramic magnets in ABS, actuators (airbag inflators), and fuel cut-off devices.
  • The market in the Asia Pacific region held the largest market share in 2020 and is expected to have a CAGR of 6.9% in the forecast period attributed to increasing demand for ceramic magnets by the automotive and electronics industry. Countries like China and Japan are projected to observe high growth in market demand in the forecast period. China is both the largest producer and consumer in the market.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/ceramic-magnets-market

For the purpose of this report, Reports and Data have segmented global ceramic magnets market on the basis of type, grade type, shape, application, and region:

Type Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

  • Soft Ferrite Magnet
  • Hard Ferrite Magnet

Grade Type Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

  • Isotropic Grade
  • Anisotropic Grade

Shape Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

  • Block
  • Disc
  • Ring
  • Arc
  • Others

Application Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

  • Automotive
  • Electrical & Electronics
  • Industrial
  • Energy
  • Aerospace
  • Medical
  • Others

Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/1514

Regional Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • South-east Asia
  • Latin America
    • Brazil
  • MEA

Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/press-release/global-ceramic-magnets-market

Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:

Bleached Softwood Kraft (BSK) Market Analysis @  

https://www.google.ee/url?q=https://www.reportsanddata.com/report-detail/bleached-softwood-kraft-bsk-market

Dimethyl Ether Market Growth Rate @         

https://www.google.sn/url?q=https://www.reportsanddata.com/report-detail/dimethyl-ether-market

Urea Market Share @ https://www.google.mv/url?q=https://www.reportsanddata.com/report-detail/urea-market

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com/

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports

Connect with us:  Facebook| LinkedIn | Twitter

Read More Related Reports:

Surgical Mask Market Growth

Cadmium Pigments Market Forecast

Rainscreen Cladding Market Trends

Ceramic Foam Market Growth rate

Textile Chemicals Market Forecast

Comments

Post a Comment

Popular posts from this blog

Benzene Leukemia Market Share, Analysis | Manufacture to Reach USD 118.99 Billion By 2028 | Reports and Data

The Benzene Leukemia Market  is forecast to reach USD 118.99 Billion by 2028, according to a new report by Reports and Data. Benzene Leukemia is a commodity petrochemical and an aromatic hydrocarbon product. It is manufactured as a by-product in refineries and stream crackers. The demand for the product is fueled by the supply and demand of other products derived from it. Benzene Leukemia is used in several range of economic sectors such as construction, electrical & electronics, consumer products, pesticides, and construction. Get a sample copy of the Benzene Leukemia industry report @ https://www.reportsanddata.com/sample-enquiry-form/2326    The rapid growth of end-user industries has significantly driven the applications for the derivatives globally, thus influencing the market growth. Rise in population, coupled with the increase in disposable incomes, has led to the growth of several bulk materials and consumer products. Low price of the feedstock and econ...
Read more

Ethyl 3-ethoxypropionate Market, Trends, Key Factors, Major Companies, Forecast To 2027

Reports and Data’s latest report is an exhaustive study of the global Ethyl 3-ethoxypropionate market and provides accurate market projections, besides key information on the current and future market trends. The Ethyl 3-ethoxypropionate industry analysis report highlights the leading products and services available in this market. Key aspects of the industry including forecast revenue share, sales & distribution, pricing structure, and production and consumption rates of each regional market have been discussed in the report. Furthermore, the report elaborates on the key aspects of the market such as import & export ratios, consumer bases, sales channels, and the most lucrative regional markets.  The global materials & chemicals industry report deals with the manufacture and sales of a wide range of chemical products and materials including soaps, perfumes, detergents, and various industrial chemicals and construction raw materials. Increasing implementation of envi...
Read more

Recyclable Plastics Market Forecast, Revenue Analysis, Opportunities, Trends, Product Launch, 2020–2028

The Global  Recyclable plastics market  is forecast to reach USD 67.55 Billion by 2028, according to a new report by Reports and Data. Increasing awareness about the adverse impact of plastic pollution on environmental stability is on a constant rise. The rise in awareness about its harmful effect has been the result of experiencing the real-life complications associated with plastic pollution along with government initiatives. Such increased awareness about plastic pollution has acted as a significant driving force for the growth of the market. Apart from that, an increased number of research on enhancing recycling technologies and rise in social enterprises that are dealing with the issue of plastic pollution like UrbanR Recycle+ positively impacts the growth of the sector. There has been a rise in demand for plastic in various regions like China being one of the leading nations. However, in these regions, the need for plastics is comparatively high in proportion to the pl...
Read more