Magnetic Particle Market Analysis & Forecast 2024-2030

Global Magnetic Particle Market is expected to reach USD 2028.42 million by 2030 with CAGR of 4.1% between 2024 and 2030

Overview

Ferrites and Neodymium (NdFeB) are primary product included in magnetic particle. A ferrite is a ceramic material made by mixing and firing large proportions of iron(III) oxide blended with small proportions of one or more additional metallic elements, such as barium, manganese, nickel, and zinc. They are both electrically non-conductive, meaning that they are insulators, and ferrite magnetic, meaning they can easily be magnetized or attracted to a magnet. In Global Magnetic Particle Market Demand is driven by demographics and the health of the economy. The profitability of individual companies depends on their ability to bid accurately, secure contracts, and control costs.  

Large companies enjoy economies of scale in financing and the ability to offer a broad range of services in many locations. Smaller companies can compete effectively by specializing in particular services or focusing on certain geography. There are numerous competitors are available in market for magnetic particles such as MQI, Aichi Steel, Galaxy Magnets, Western Magnet, Hoosier Magnetics, HIMAG, DMEGC Magnetics, Zhejiang Ante, BGRIMM Magnetic, MGC etc.  

Study indicates that the magnetic particle is divided into four applications which are Auto Industry, Household Appliance Industry, Computer Industry, Electronic Toys, Electroacoustic Product, and Military Application. The auto industry contains a wide range of companies and organizations. Design, development, manufacturing, marketing, and selling of motor vehicles is involved in the auto industry. It is one of the world's largest economic sectors by revenue. The industries dedicated to the maintenance of automobiles following delivery to the end-user does not included in the automotive industry. Magnetic particles is largely is used auto industry as most of parts of automotive vehicle consist of magnets.  

Home appliances are also called as domestic appliances. Home appliances helps in household functions like cooking, cleaning etc. Home appliances can be divided into three classifications, which include, small appliances, major appliances, and consumer electronics. Mostly the home appliance industry used magnetic particles for manufacturing their products for various used in different areas of home like for cooking, cleaning etc. The computer industry is also known as IT industry. Designing computer hardware and computer networking infrastructures is part of business which belongs to Computer industry.  

The developing computer software, manufacturing computer components, and providing IT services are also involved in computer industry. This hardware, infrastructures etc. needs a magnetic particle in computer industry for smooth functioning. The electronic toy also requires a magnetic particles for the production of electronic toy. Companies of electronic toy manufactured a several kind of toys which used for children’s fun and also in used for various activities. Numerous products of electroacoustic are available in market which requires a magnet particle while manufacturing of products. For the use of warfare the application of Military technology is used widely. The military application are dangerous to use without appropriate military training.  

Geographically, the magnetic particle is divided into United States, China, Europe, Japan, Southeast Asia, and India. China domestic Magnetic Particle industry developed fast, which accounts for almost 90% of total NdFeB Magnetic Particle production and 80% of Ferrites Magnetic Particle production. Though Chinese companies have low price advantage, the quality of domestic products is relatively poor.  

Global Magnetic Particle Market: Product Type

• Ferrites
• Neodymium(NdFeB)

Global Magnetic Particle Market: Application

• Auto Industry
• Household Appliance Industry
• Computer Industry
• Electronic Toys
• Electroacoustic Product
• Military Application

Global Magnetic Particle Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Magnetic Particle Market:

• MQI
• Aichi Steel
• Galaxy Magnets
• Yuhong
• Huiling
• Western Magnet
• San Huan
• Hoosier Magnetics
• Todakogyo
• HIMAG
• DMEGC Magnetics
• Zhejiang Ante
• Maanshan CY
• BGRIMM Magnetic
• Shunde Baling
• MGC
• Comc Technology

Geographical analysis of Global Magnetic Particle Market :

• North America
  • U.S.A
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global Magnetic Particle Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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