High Demand from Industrial Machinery and Appliances Enhances the...

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2025-11-19 10:41:37 -

High Demand from Industrial Machinery and Appliances Enhances the Ferrite Magnet Market Outlook

The global ferrite magnet market is poised for steady growth as manufacturers and end-users accelerate adoption of ceramic permanent magnets that are cost-effective, thermally stable and increasingly utilised across electric motors, sensors and renewable-energy systems. Industry intelligence places the market value at roughly USD 7.48 billion in 2022, with a forecast to...

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