Magnetic Particle Industry Forecast to Rise to $1.7 Billion

December 10, 2018 Editorial Staff Materials/Manufacturing Comments Off on Magnetic Particle Industry Forecast to Rise to $1.7 Billion

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.

Related Articles

Materials/Manufacturing

Solvay Builds Momentum to Grow Rare Earths Magnet Business in Europe 

May 17, 2023 Editorial Staff Materials/Manufacturing, News Comments Off on Solvay Builds Momentum to Grow Rare Earths Magnet Business in Europe 

Global chemicals giant Solvay has joined the Rare Earth Industry Association in its latest move to dramatically build its magnetics business. Planning to develop a major hub for rare earth magnets in Europe, the Belgian-based company has been beefing up its supply chain in addition to the latest step toward building its network of industry partners and potential customers. […]

e-Power Technology

Researchers at Aichi Steel & Tohoku University Design Lighter, Smaller e-Axle 

September 6, 2022 Editorial Staff e-Power Technology, Electromagnetics, News Comments Off on Researchers at Aichi Steel & Tohoku University Design Lighter, Smaller e-Axle 

Using its molded MagFine alloy, Aichi Steel reports that it has developed in collaboration with Tohoku University an experimental e-axle that is 40% lighter and smaller than conventional designs. It combines a newly developed compact high-speed reducer with a compact and lightweight 34,000 rpm motor. For the first time, says the company, it has succeeded in proofing the technology of a high-speed, high-reduction next-generation electric axle with high-speed rotation and high deceleration that contributes to weight reduction. […]