The magnetic particle market was valued at $1.37 billion in 2017 and is projected to reach $1.7 billion by 2025, rising at a compound annual growth rate 3.0%, according to a new market forecast by QY Research, based in Beijing.
The study focuses on ferrite and Neodymium magnetic particles since they are the most commonly used magnetic raw materials for particles, according to the authors. China accounts for almost 89% of total NdFeB magnetic particle production and 82% of ferrite output, say the authors.
For more information on the report, Global Magnetic Particle Industry Research Report, Growth Trends and Competitive Analysis 2018-2025, see www.QYResearch.com.
