Global Ferrite Magnet Market Size, Share, Opportunities, And Trends By Type (Strontium Ferrite Magnets, Barium Ferrite Magnet), By Grade (C5, C8), By End-User (Automotive, Aerospace & Defense, Marine, Manufacturing, Electrical & Electronics, Others), And By Geography - Forecasts From 2023 To 2028

  • Published : Apr 2023
  • Report Code : KSI061615164
  • Pages : 148

Iron oxide and other metals like cobalt, zinc, and manganese are used to make the ferrite magnets. They have a strong magnetic permeability, corrosion-resistant, and are long-lasting. These magnets are utilized in many different applications because they can withstand high temperatures, and are applicable in items including brakes, medical devices, security systems, motors, and loudspeakers. In comparison to other types of magnets, ferrite magnets are more affordable and have stronger magnetic qualities. One of the key factors propelling the growth of the ferrite market is the rising demand for electric and motor vehicles. They show strong resistance to demagnetization and corrosion and are ideal for use in damp, wet, or marine settings which is expected to boost their market growth. The rising application of these magnets in the electronic industry will also boost global ferrite magnet market growth during the forecasted period.

The growing automotive production will boost the market growth

Ferrite magnets are used in the automobile sector to make vehicles safer such as in the anti-lock braking system (ABS) which is one of the most popular applications. In this system, magnets slow the vehicle down while preserving steering control for the driver. The favorable investment inflows coupled with the increase in demand for new vehicles have positively impacted the automotive sector in terms of production and sales. According to the International Organization of Motor Vehicle Manufacturers (OICA) data, global motor vehicle production has increased from 77,650,152 units in 2020 to 85, 016,728 in 2022 which has shown a rise of 10% in the production rate. Furthermore, as per the same source, global motor vehicle sales have increased from 78,774,320 units in 2020 to 82,684,788 in 2021 which has shown a rise of 5% in production. The rise in production and sales in the automotive sector is expected to increase the application of ferrite magnets in brakes and other systems which will boost the overall market growth during the forecasted period.

The rising application in the electronic industry will boost the market growth

In the electronics sector, ferrite magnets are employed to produce effective magnetic cores known as ferrite cores for high-frequency inductors, transformers, and antennas, as well as for other microwave and refrigerator components. The rising income, increase in purchase power, and demand have positively impacted the electronic industry in major countries. For instance, according to the Ministry of Industry and Information Technology of China, in February 2022, the operating income of the electronic sector was around 14.1 trillion yuan (around $2.2 trillion), up 14.7 percent from the previous year. The industry's earnings also increased by 38.9 percent from the previous year to 828.3 billion yuan. According to Press Information Bureau, in 2021–2022, India produced $80 billion worth of electronics representing an increase from $67 billion in 2020-2021. The rising income and production by the electronic industry led to an increased usage of ferrite magnets for electronic items which will boost the global ferrite magnet market growth during the forecasted period.

During the forecast period, the North American region will dominate the market

The North American region is anticipated to dominate the global ferrite magnet market as a result of the widespread use of these magnets in end-use applications like automotive and aerospace. According to the International Organization of Motor Vehicle Manufacturers (OICA) data in 2021, the vehicle production output in the USA stood at 10,060,339 in 2022 representing a 14% increase in production from 88,21,026 units in 2020. According to International Trade Administration, in August 2022, estimates that Canada’s total local aerospace production will increase from 15,621 in 2021 to 21,913 in 2022. Also, as per the same source, in August 2021, the Canadian government implemented the Canada Aerospace Regional Recovery Initiative, over three years, this national program provided C$250 million (about US$194.21 million) to support the growth of Canada's aerospace industry. The rising rate of vehicle and aerospace production in the North American region is driving up demand for ferrite magnets which is projected to boost overall market growth during the forecast period.

Product Description

  • Ferrite Magnets from TDK corporation, have excellent practical qualities that outperform metallic magnets, were oxide sintered utilizing powder metallurgy processes with advanced microstructure control technology, and are not significantly impacted by demagnetizing fields.
  • Ceramic (ferrite) magnets from Integrated Magnetics, are Sintered permanent magnets made of barium or strontium ferrite. In addition to having strong demagnetization resistance, ceramic magnets are also inexpensive and perfect for a range of applications.

Global Ferrite Magnet Market Scope:


Report Metric Details
Growth Rate CAGR during the forecast period
Base Year 2021
Forecast Period 2023 – 2028
Forecast Unit (Value) USD Billion
Segments Covered Type, Grade, End-User, And Geography
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered TDK Corporation, Adams Magnetics Product Co., Eclipse Magnetics, Dexter Magnetic Technologies, Integrated Magnetics, Stanford Magnets (Oceania International LLC), DMEGC Germany GmbH, Delta Manufacturing Ltd.
Customization Scope Free report customization with purchase



  • By Type
    • Strontium Ferrite Magnets
    • Barium Ferrite Magnet
  • By Grade
    • C5
    • C8
  • By End-User
    • Automotive
    • Aerospace & Defense
    • Marine
    • Manufacturing
    • Electrical & Electronics
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      •  Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • UK
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Australia
      • Others


1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline


2.1. Research Data

2.2. Assumptions


3.1. Research Highlights


4.1. Market Drivers

4.2. Market Restraints

4.3. Market Opportunities

4.4. Porter’s Five Force Analysis

4.4.1. Bargaining Power of Suppliers

4.4.2. Bargaining Power of Buyers

4.4.3. Threat of New Entrants

4.4.4. Threat of Substitutes

4.4.5. Competitive Rivalry in the Industry

4.5. Industry Value Chain Analysis


5.1. Introduction

5.2. Strontium Ferrite Magnets

5.3. Barium Ferrite Magnet


6.1. Introduction

6.2. C5

6.3. C8


7.1. Introduction

7.2. Automotive

7.3. Aerospace & Defense

7.4. Marine

7.5. Manufacturing

7.6. Electrical & Electronics

7.7. Others


8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1.  Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. UK

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. South Korea

8.6.4. India

8.6.5. Australia

8.6.6. Others


9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix


10.1. TDK Corporation

10.2. Adams Magnetics Product Co.

10.3. Eclipse Magnetics

10.4. Dexter Magnetic Technologies

10.5. Integrated Magnetics

10.6. Stanford Magnets (Oceania International LLC)

10.7. DMEGC Germany GmbH

10.8. Delta Manufacturing Ltd.

TDK Corporation

Adams Magnetics Product Co.

Eclipse Magnetics

Dexter Magnetic Technologies

Integrated Magnetics

Stanford Magnets (Oceania International LLC)

DMEGC Germany GmbH

Delta Manufacturing Ltd.

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