According to the latest report by IMARC Group, titled “North America Ferrite Magnet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the north america ferrite magnet market reached a volume of 1,01,242 Tons in 2020. Looking forward, IMARC Group expects the market to exhibit stable growth during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Ferrite magnets, also known as ceramic magnets, are insulated magnets that are durable, resistant to corrosion, high temperatures and demagnetization, and have a high magnetic permeability. As a result, they are extensively used in the manufacturing of brakes, security systems, medical instruments, and loudspeakers, among others. Ferrite magnets are cost-effective and offer supreme electrical insulation, due to which they are largely used for the production of magnetic sheets and tapes.
The North America ferrite magnet market is primarily driven by the escalating use of ferrite magnets in electro-acoustic products. This is further supported by continuous advancements in the consumer-electric sector and the increasing per capita income of individuals. Additionally, the introduction of technologically advanced automobiles that utilize ferrite magnets in the braking and locking systems is providing an impetus to the market growth. Apart from this, the growing demand for ferrite magnets across the carline industry is creating a positive outlook for the market in North America.
North America Ferrite Magnet Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the north america ferrite magnet market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the north america ferrite magnet market on the basis of end-use and country.
Breakup by End-Use:
- Electro-Acoustic Products
- Electronics Industry
- Power Play Tools
- Car Line Industry
- Calculating Machines
- Others
Breakup by Country:
- United States
- Canada
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/north-america-ferrite-magnet-market
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Thank you for great content. I look forward to the continuation.