What is Global Sintered Ceramic Magnet Market?
The Global Sintered Ceramic Magnet Market is a vast and dynamic sector that deals with the production, distribution, and use of sintered ceramic magnets. These magnets are made by compacting a blend of ceramic and ferromagnetic materials in a die, and then sintering it in a kiln. The sintering process increases the magnet's strength and structural integrity. The global market for these magnets is vast and diverse, with numerous applications across various industries. In 2022, the market was valued at a whopping US$ 2219.8 million, and it's projected to grow even further to reach US$ 2518.8 million by 2029. This represents a compound annual growth rate (CAGR) of 1.8% during the forecast period from 2023 to 2029.
Dry Pressing, Wet Press Molding in the Global Sintered Ceramic Magnet Market:
The Global Sintered Ceramic Magnet Market is segmented based on the manufacturing process into Dry Pressing and Wet Press Molding. Dry Pressing Sintered Ceramic Magnet is the dominant segment, accounting for a massive 75% share of the global market in 2020. This process involves pressing the ceramic and ferromagnetic material blend into a die under high pressure, and then sintering it in a kiln. The result is a magnet with high structural integrity and magnetic strength. On the other hand, Wet Press Molding involves mixing the materials with water to form a slurry, which is then pressed into a die and sintered. This process is more complex and time-consuming, but it allows for the production of magnets with more intricate shapes and designs.
Electro Acoustic Products, Toy Industry, Automotive Industry, Home Appliance Industry, Computer Industry, Others in the Global Sintered Ceramic Magnet Market:
The Global Sintered Ceramic Magnet Market finds extensive application in various sectors such as Electro Acoustic Products, Toy Industry, Automotive Industry, Home Appliance Industry, Computer Industry, and others. In the Electro Acoustic Products sector, these magnets are used in speakers, microphones, and other audio devices due to their excellent magnetic properties. The Toy Industry uses these magnets in various toys and games due to their safety and durability. The Automotive Industry uses these magnets in various components such as motors, sensors, and actuators. The Home Appliance Industry uses these magnets in appliances like refrigerators, washing machines, and air conditioners. The Computer Industry uses these magnets in hard drives, printers, and other peripherals. Other sectors also use these magnets in various applications due to their excellent magnetic properties and durability.
Global Sintered Ceramic Magnet Market Outlook:
The global Sintered Ceramic Magnet market has shown a promising growth trajectory. In 2022, the market was valued at US$ 2219.8 million. The market is expected to grow at a steady pace, with projections indicating a value of US$ 2518.8 million by 2029. This growth is expected to occur at a CAGR of 1.8% during the forecast period of 2023-2029. The largest segment of the market is the Dry Pressing Sintered Ceramic Magnet, which accounted for a significant 75% share of the global market in 2020. This dominance is a testament to the widespread application and preference for this type of magnet in various industries.
| Report Metric | Details |
| Report Name | Sintered Ceramic Magnet Market |
| Accounted market size in 2022 | US$ 2219.8 million |
| Forecasted market size in 2029 | US$ 2518.8 million |
| CAGR | 1.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | TDK, Hitachi Metals, DMEGC, Guangdong JPMF, Sinomag, Union Materials, Tokyo Ferrite, BGRIMM Magnetic Materials, Hunan Aerospace Magnet and Magneto, Zhejiang Kaiven Magnet, Guangzhou Golden South, Shunde Baling Group, Meizhou Magnetic Materials, Superrite |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
