Global Ferrite Bonded Magnet Market Worth $ 1.4 Billion by 2021

Date: 2018-07-04

Bonded Ferrite Magnets are manufactured by mixing magnets with binders like epoxy. These bonded magnetic materials can be either Injection Moulded or Compression Bonded. Ferrite Bonded Magnet includes Plastic Ferrite and Rubber Ferrite on the base of classification, which represent 60% and 40% of global Ferrite Bonded Magnet market. 

Electrical Appliances, Automotive, Medical Technology and Aerospace & Defense are the main application of Ferrite Bonded Magnet product and Asia is the largest Ferrite Bonded Magnet market on production and consumption.

Global Ferrite Bonded Magnet market is projected to reach $ 1.4 Billion by 2021, with a GAGR of 6% from 2017, and Asia will have a big dynamic momentum on the market growth. The major players in the global Ferrite Bonded Magnet market are TDK Corporation, Hitachi Metals, Mate, Arnold Magnetic Technologies, Alliance, Bunting Magnetics, MS-Schramberg etc.

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520


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