Ferrite Magnets Market Forecast Driven by Durable Magnetics Demand and Renewable Energy Applications | Valuates Reports

Ferrite Magnets Sales Market Size
The global Ferrite Magnets market size was US$ 3994 million in 2024 and is forecast to a readjusted size of US$ 4801 million by 2031 with a CAGR of 2.7% during the forecast period 2025-2031.
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The ferrite magnets market is witnessing steady expansion, supported by rising demand across automotive, electronics, and clean energy sectors. These magnets, known for their affordability and thermal stability, are widely adopted in products where durability and cost-efficiency are critical.

The market size is growing as manufacturers increasingly turn to ferrite magnets as an alternative to rare-earth magnets, particularly in applications where high magnetic strength is not essential. Their corrosion resistance and consistent performance in high-temperature environments make them suitable for long-life applications.

Market trends are shaped by the ongoing shift toward electric mobility and renewable power generation. Ferrite magnets are increasingly used in electric motors, home appliances, and wind turbine generators, aligning with global initiatives for energy efficiency and sustainability.

In terms of market share, Asia-Pacific holds a dominant position due to its large-scale production capabilities, particularly in automotive and consumer electronics. Meanwhile, other regions are also investing in domestic magnet manufacturing to support strategic industries.

The market forecast indicates continued momentum as advancements in material science and production techniques enhance the performance of ferrite magnets. Increasing use in electric vehicles and infrastructure is expected to drive further market growth.

As industries move toward sustainable and cost-effective solutions, ferrite magnets continue to play a critical role in supporting high-volume manufacturing needs across diverse sectors. The market remains poised for stable long-term expansion.

By Type

• Sintered Ferrite Magnet
• Bonded Ferrite Magnet

By Application

• Electro-Acoustic Products
• Toy Industry
• Automotive Industry
• Home Appliance Industry
• Computer Industry
• Others

By Company:

TDK, Hitachi Metals, DMEGC, Guangdong JPMF, Sinomag, Union Materials, Tokyo Ferrite, BGRIMM Magnetic Materials, Hunan Aerospace Magnet &Magneto, Zhejiang Kaiven Magnet, Guangzhou Golden South, Shunde Baling Group, Meizhou Magnetic Materials

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This release was published on openPR.