The ceramic magnets market is projected to register a CAGR of 6.60% in terms of value, from 2020 to reach USD 14.46 Billion by 2028. Ceramic magnets are a low cost substitute for metallic magnets. These magnets owing to their corrosion and demagnetization resistance property and low-cost of production are used in various applications. Ceramic magnets contribute to around 75%, by weight, of the global demand for permanent magnets.

The low cost of production and abundant availability is anticipated to propel the market demand in the forecast period. The Ceramic magnets are the least expensive as compared to alnico and rare earth magnets and thus, find applications in a variety of products. These type of magnets have lower service temperature than alnico but higher as compared to rare earth metals, and lower energy product than both alnico and rare earth magnets.

Ceramic magnets have a high intrinsic coercive force and are available in simple shapes like block, ring, and rod, among other shapes. This type of magnet provides substantial coercivity in applications such as electric motors, generators, alternators, hard disks, and servomotors. They have brought revolution in areas of energy storage and power generation. Ceramic magnets aid to increase the efficiency of generator motors, drive motors, and servomotors, and thus result in notable power savings.

Get a sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/1514

Top Players in the Global Ceramic Magnets Market:

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

Refrigerator magnets, security systems, pot magnets, loudspeakers, large plate magnets to eliminate contaminations from processing lines, motors, generators, medical instruments, and switches relays are some of the typical applications of ceramic magnets.

Read full Report Description@ https://www.reportsanddata.com/report-detail/ceramic-magnets-market

Market segmentation based on Type Outlook:

• Soft Ferrite Magnet
• Hard Ferrite Magnet

Grade Type Outlook:

• Isotropic Grade
• Anisotropic Grade

Shape Outlook:

• Block
• Disc
• Ring
• Arc
• Others

Application Outlook:

• Automotive
• Electrical Electronics
• Industrial
• Energy
• Aerospace
• Medical
• Others

Regional Outlook:

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • Germany
  • K.
  • Italy
  • France
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East Africa
  • Saudi Arabia
  • A.E.
  • South Africa
  • Rest of MEA

Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/1514

Frequently Asked Questions Answered in the Report:

• What is the estimated revenue growth rate of the global Ceramic Magnets market over the forecast period?
• What are the major factors driving the global market revenue growth?
• Which are the leading manufacturers and suppliers in the global Ceramic Magnets market?
• Which regional market is expected to lead in terms of revenue share in the global Ceramic Magnets market over the forecast years?
• What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

Thank you for reading our report. Please connect with us to know more about the report and its customization feature. Our team will ensure the report is well suited to meet your requirements.

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Blog: https://www.reportsanddata.com/blogs