Europe Ferrite Magnet Market to Grow at 2.82% During 2025-2033, Bolstered by Significant Growth in Consumer Electronics Industry

January 31, 2025 | Chemical & Materials

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According to the latest report by IMARC Group, titled “Europe Ferrite Magnet Market Report by Application (Electro-Acoustic Products, Electronics Industry, Power Play Tools, Car Line Industry, Calculating Machines, and Others), and Country 2025-2033," the Europe ferrite magnet market size reached 31.5 Thousand Tons in 2024. Ferrite magnet is a dark grey-colored, non-conductive, and ferrimagnetic ceramic compound derived from various iron oxides, such as haematite and magnetite. It includes strontium and barium ferrite magnets that are available in various shapes, such as discs, arcs, blocks, rods, and rings. Ferrite magnet is manufactured by calcining iron oxide with strontium or barium carbonate followed by milling and wet or dry pressing. It is widely used in computer hard drives, security systems, speakers, motors, generators, sensors, relay switches, and meters. Ferrite magnet is a cost-effective and highly durable material that exhibits electrically insulating properties and low magnetic energy and can be utilized for outdoor applications without rusting. As compared to other permanent magnets, ferrite magnet has high resistance potential against solvents, weak acids, lubricants, and greases.

Europe Ferrite Magnet Market Trends:

The rising product utilization in various consumer electronics, such as refrigerators, microwave ovens, electric fans, vacuum cleaners, washing machines, food mixers, hand dryers, and air conditioners, is one of the primary factors driving the market growth in Europe. In addition to this, the widespread adoption of ferrite magnets in transformer cores, antennas, and inductors due to their high susceptibility to demagnetization is acting as another growth-inducing factor. Furthermore, increasing product utilization in manufacturing various electro-acoustic products, such as microphones, headphones, loudspeakers, intercom sets, guitar pick-ups, and audio systems, is providing an impetus to the market growth. Apart from this, the surging investment by the European Union (EU) in various research and development projects to improve the production of ferrite magnets, which, in turn, reduces the high import dependency on rare-earth magnets, is propelling the market growth. Additionally, the increasing utilization of the spray roasting technique to produce ferrite magnets with reduced wastewater production and energy is positively influencing the market growth. Moreover, the rising adoption of ferrite magnets in the automotive industry to manufacture anti-lock braking systems (ABS), windshield wipers, seat belt indicators, and car audio systems is propelling the market growth. Looking forward, the market volume is projected to reach 41.0 Thousand Tons by 2033, expanding at a CAGR of 2.82% during 2025-2033.

Market Summary:

On the basis of the application, the market has been classified into electro-acoustic products, electronics industry, power play tools, car line industry, calculating machines, and others.
On a regional basis, the market has been categorized into Germany, France, the United Kingdom, Italy, Spain, and others.
The competitive landscape of the industry has also been examined along with the profile of the key players.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	‘000 Tons
Segment Coverage	Application, Country
Countries Covered	Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Europe Ferrite Magnet Market to Grow at 2.82% During 2025-2033, Bolstered by Significant Growth in Consumer Electronics Industry

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