China declared largest producer and consumer of ferrite magnets

2022-07-30 00:48:23 By : Ms. Rita Lee

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LONDON , May 15, 2017 /PRNewswire/ -- Ferrite magnets currently represent the most widely used permanent magnets across the globe. The major raw materials used to manufacture ferrite magnets are relatively inexpensive compared to most other types of permanent magnets. This enables them to be perfectly suited for high volume production runs. These magnets are also termed as ceramic magnets due to their excellent electrical insulation ability. Ferrite magnets are superb in damp, wet or marine environments and exhibit high resistance to demagnetization and corrosion.

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This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have or plan to have any kind of stake in the ferrite magnet industry.

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