Market Summary The ceramic magnets market is expected to exhibit a Compound Annual Growth Rate (CAGR) of 6.60% in terms of value from 2020, reaching a total of USD 14.46 billion by 2028. Ceramic magnets serve as a cost-effective alternative to metallic magnets, owing to their resistance to corrosion and demagnetization, as well as their cost-efficient production methods. These magnets find applications in various fields and account for approximately 75% of the global demand for permanent magnets by weight.

Ceramic magnets are likely to experience increased market demand due to their affordability and widespread availability. They are notably less expensive than alnico and rare earth magnets, making them suitable for a wide range of products. While ceramic magnets have a lower service temperature compared to alnico and a higher one compared to rare earth metals, they offer a lower energy product than both alnico and rare earth magnets.

These magnets feature a high intrinsic coercive force and are available in simple shapes such as blocks, rings, and rods, among others. They play a crucial role in applications such as electric motors, generators, alternators, hard disks, and servomotors. They have revolutionized energy storage and power generation, contributing to increased efficiency in generator motors, drive motors, and servomotors, resulting in significant energy savings.

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Ceramic magnets find typical applications in various products, including refrigerator magnets, security systems, pot magnets, loudspeakers, large plate magnets for contamination removal from processing lines, motors, generators, medical instruments, switches, and relays.

Key Report Highlights

• The report provides statistics on ceramic magnets broken down by region and country for the period 2020-2028, using 2020 and 2017 as historical data, with 2018 as the base year and 2019-2028 as forecasts.
• Market size estimates and trend analyses are presented.
• Different product types are analyzed, and their individual market shares are assessed.
• The report estimates the market share of various end-users.
• It offers insights into the regulatory frameworks in each region.
• The report includes an outlook for upcoming developments in the industry.
• Regional prevalence of ceramic magnets is mapped.
• Pricing strategies of competitors in each region are examined.
• The report provides a gap analysis of supply and demand.
• Market share analysis of key industry players is presented.
• Strategic recommendations are provided for new market entrants.
• Market trends, including drivers, constraints, opportunities, threats, challenges, and investment opportunities, are discussed.
• Strategic recommendations are made for key business segments based on market estimations.
• The report features a competitive landscape analysis, highlighting common trends.
• Company profiles include detailed strategies, financials, and recent developments.

Salient Trends in the Ceramic Magnets Market

• The ceramic magnets market is projected to grow at a CAGR of 6.60% in terms of value, reaching USD 14.46 billion by 2028.
• Ceramic magnets, with their very high magnetic permeability, can store stronger magnetic fields compared to metallic magnets, driving market demand.
• These magnets have excellent endurance and often outlast the applications in which they are used.
• Their low production cost and resistance to heat (up to around 250°C) and corrosion make them highly popular for everyday applications.
• Higher intrinsic coercivity in ceramic magnets provides improved resistance to demagnetization from external magnetic fields.
• The use of ceramic magnets in promotional items and advertising displays is expected to fuel market growth.
• However, ceramic magnets are intrinsically brittle and not recommended for structural applications. They also have the poorest thermal stability among magnetic materials.
• The isotropic grade of ceramic magnets, known as ceramic 1, is commonly used in applications requiring complex magnetization patterns.

Companies Featured in the Market Study

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

Market Insights

• The market's value was USD 7.49 billion in 2018 and is expected to reach USD 14.46 billion by 2028.
• Soft ferrites, such as Mn-Zn and Ni-Zn ferrites, are used as core materials in applications like electronic inductors, transformers, and electromagnets, particularly in frequencies ranging from 100 kHz to 100 MHz. These ferrites have high electrical resistance, leading to minimal eddy current losses.
• Ceramic magnets are employed in power transformers, whether transmitting at a single frequency or within a range, as seen in ultrasonic generators.
• Approximately 70% of ceramic magnets are used in motor applications.
• Two main grades of ceramic magnets, C5 and C8, are currently in use. C5 is a common choice for applications like overband magnets, while C8 is preferred for loudspeakers and sometimes motors.
• North America and Europe are likely to experience growth, driven by increased demand from the automotive industry.
• The Latin America region is projected to witness the highest growth rate of 8.3% in the forecast period.
• Magnets made from rare earth elements like neodymium and Samarium-Cobalt are gaining traction in applications where high coercivity is crucial, posing competition to ceramic magnets and potentially hindering market growth.

Segments Covered in the Report The report forecasts revenue growth at global, regional, and country levels and provides industry trend analyses for various sub-segments from 2020 to 2028. The global ceramic magnets market is segmented based on type, grade type, shape, application, and region:

Type Outlook:

1. Soft Ferrite Magnet
2. Hard Ferrite Magnet

Grade Type Outlook:

1. Isotropic Grade
2. Anisotropic Grade

Shape Outlook:

1. Block
2. Disc
3. Ring
4. Arc
5. Others

Application Outlook:

1. Automotive
2. Electrical & Electronics
3. Industrial
4. Energy
5. Aerospace
6. Medical
7. Others

Regional Outlook:

• North America (U.S.)
• Europe (Germany, UK)
• Asia Pacific (China, India, South-east Asia)
• Latin America (Brazil)
• MEA (Middle East and Africa)

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