Global Ferrite Market Set for Rapid Growth And Trend, by 2025
Growing demand for electronics has been a major factor driving growth for ferrite. Increase in disposable income of consumers in the emerging economies leading to growth in several end user segments also has been a major factor driving growth for the industry. Low cost, high efficiency, easy availability is amongst the major factors driving growth for soft ferrite. Research and development activities to increase application scope of ferrite are expected to offer huge growth opportunity for the market.
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Asia Pacific dominates the global ferrite market in terms of consumption and the trend is expected to continue during the forecast period. Demand for ferrite in the region is primarily driven by the emerging economies of India and China. Other major markets for ferrite include North America, Western Europe and Japan. These developed economies are expected to grow at a sluggish rate mainly owing to saturation of end user segments. Growing demand for ferrite in nuclear energy segment is expected to offer huge growth opportunity in the market. Africa and Latin America are expected to drive the market growth in the RoW segment.
Major players in the ferrite market include Ferroxcube, TDK Corporation, Amidon Inc., Laird Technologies, Honeywell MetGlas, TAK TECHNOLOGY Co., Ltd. and Ferronics Inc. among others. This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.
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