Ceramic Magnet Market: Overview
Ceramicmagnets, also known as ferrite magnets, are permanent magnets manufacturedthrough a metallurgical process called sintering, which involves heating andcompacting (finely pulverized) magnetic powder into the desired shape and size.Ceramic magnets are composed of iron oxide and strontium carbonate. Liquidphase sintering is a preferred process for manufacturing permanent ceramicmagnets. Post sintering, these magnets are machined to achieve dimensionalaccuracy and prepared for application. Ceramic magnets are the most widely usedmagnets across the globe. These are available in several sizes and exhibitsubstantial variety in terms of style. They are hard, brittle, and have lowcoercivity and hence, are excluded from some applications. However, ceramicmagnets are extensively accepted and adopted due to their high corrosion anddemagnetization resistance, and low price per kg. Ferrite represents more than75% of world’s magnet consumption (by weight). Several magnetic powders andmixtures, such as iron, cobalt, magnesium, strontium, zinc, and boron, are usedto manufacture ceramic magnets.
Ceramic Magnet Market: Drivers & Restraints
Ceramicmagnet perform considerably and offer substantial coercivity in applicationssuch as electric motors, generators, alternators, hard disks, and servo motors.Ceramic magnet are revolutionizing energy storage and power generation. Ceramicmagnets help increase the efficiency of generator motors, drive motors, andservo motors, thus resulting in significant power savings. Another keyadvantage of ceramic magnets is these are economical and abundant. Ceramicmagnets are cheap and hence, find applications in several products varying fromtoys to refrigerators. However, magnets made from rare earth elements, such assintered NdFeB and SmCo, are creating tough competition for ferrite magnetswhere high coercivity is of utmost importance.
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Ceramic Magnet Market: Key Segments
Based onproduct, the global ceramicmagnet market can be segmented into block magnets, disc magnets, ringmagnets, and other varieties. Each product of ceramic magnets has specific butmultiple applications. Ceramic magnets have extensive use as they offer decentproperties and are relatively inexpensive. Based on type, the ceramic magnetmarket can be divided into hard ferrite, semi-hard ferrite, and soft ferrite.The key factor that classifies ceramic magnet by type is their coercivity.Magnets with high coercivity are termed as hard ferrite. In terms oforientation, the ceramic magnet market can be bifurcated into isotropic andanisotropic. Based on application, the ceramic magnet market can be dividedinto building & construction, automotive, electrical, electronics,industrial, power generation, consumer goods, and others. Electronics is asignificant application closely followed by use in automotive and consumergoods.
Ceramic Magnet Market: Regional Outlook
In termsof region, the global ceramic magnet market can be segregated into AsiaPacific, Europe, North America, Latin America, and Middle East & Africa.Asia Pacific is a major ceramic magnet market, as Japan, China, and South Koreaare electronics & electrical appliance manufacturing hubs and hence, thesecountries consume large amounts of ceramic magnets. Furthermore, automotiveindustries in India, China, and Japan are growing at a rapid pace. Motors usedin automotive applications for window motors, wiper motors, mirror adjustmentmotors etc make considerable use of ferrite magnets. Europe is the next bigceramic magnet market, primarily due to demand from the region’s immenseautomotive production. North America also has established consumer goods andautomotive industries, leading to significant demand for ceramic magnet marketin the region.
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Ceramic Magnet Market: Key Players
Prominentplayers operating in the global ceramic magnet market include Arnold MagneticTechnologies, Neo Magnequench, and Alliance LLC. However, the ceramic magnetmarket is largely dominated by numerous unorganized manufactures fromChina.
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