Ferrite Bonded Magnets Market
Ferrite Bonded Magnets Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Ferrite Bonded Magnets Market Size and Growth
The Ferrite Bonded Magnets market is experiencing steady growth, driven by rising demand in automotive, electronics, and renewable energy sectors. Current market size is estimated at approximately $1.2 billion, with a compound annual growth rate (CAGR) projected at 5% over the next five years, reflecting increasing applications and innovations.
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Companies Covered (Covid 19 Impact Covered)
◍ Galaxy Magnets
◍ TDK
◍ Hangseng(Ningbo) Magnetech
◍ Ningbo Yunsheng
◍ DMEGC
◍ MS-Schramberg
The Ferrite Bonded Magnets Market features key players like Galaxy Magnets, TDK, Hangseng, Ningbo Yunsheng, DMEGC, and MS-Schramberg. These companies drive market growth by innovating magnet applications in electronics and automotive sectors. Notable sales revenues include:
- TDK: $12 billion
- Ningbo Yunsheng: $1 billion
- DMEGC: $800 million.
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Market Segmentation
By Application
◍ Automotive
◍ Electrical & Electronics
◍ Home Appliance
◍ Medical & Healthcare Devices ◍ Others
By Product
◍ Injected Magnets ◍ Pressed Magnets
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Market Growth
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$ X Billion USD
