There is a strong demand for permanent magnet ferrite in the automotive field, and my country is one of the major producing countries in the world.

​ ​​Permanent ferrite, also known as hard ferrite, is a new type of non-metallic magnetic material. It only needs one external magnetization to generate a stable magnetic field and provide magnetic energy to the outside. Permanent magnet ferrite has the advantages of light weight, low production cost, high resistivity, strong anti/demagnetization function, and no rust. It is widely used in the information industry, automobile industry, electronic industry and other industries.

There are many types of permanent magnet ferrite production processes, including sol-gel method, high temperature synthesis method, hydrothermal method, solid phase synthesis method, mechanical ball milling method and chemical co-precipitation method. The solid-phase synthesis method has the advantages of green environmental protection, simple production process, high yield of finished products, and is suitable for large-scale production. It is a traditional production process of permanent magnet ferrite.

According to the “2022-2027 Special Survey Report on Permanent Ferrite Benchmark Companies and Competitors released by the Industrial Research Center, The main raw materials of magnet ferrite are strontium oxide, iron oxide and barium oxide. The supply level of iron oxide can directly affect the scale of permanent magnet ferrite production capacity and occupy its main production cost. Affected by factors such as the continuous deepening of the country’s supply-side structural reform, China’s iron oxide production enterprises with backward production capacity are gradually eliminated by the market, resulting in slow growth in their output, but they can still meet the production demand for permanent magnet ferrite. my country is one of the world’s major producers of permanent magnet ferrite. Benefiting from sufficient supply of raw materials, my country’s permanent magnet ferrite production continues to increase. According to statistics from the China Electronic Components Association, my country’s permanent magnet ferrite production will be 516,000 tons in 2021, a year-on-year increase of 2.4%.

Permanent ferrite is mainly used in the production of household appliances, power tools, motorcycles, cars, electric bicycles and other products. The automotive field is the largest demand end for permanent magnet ferrites. In 2021, the demand for permanent magnet ferrites in my country’s automotive field will reach approximately 450,000 tons. Permanent ferrite is an important material for the production of car seat motors, wiper motors, starter motors, automatic door lock motors, etc. As the automobile industry gradually develops in the direction of intelligence and driverless driving, the market demand for permanent magnet ferrite in my country will continue to grow.
             
The world’s leading permanent magnet ferrite companies are mainly concentrated in the Asia-Pacific region, including my country, Japan and South Korea. Japan’s Todenka TDK is the world’s largest permanent magnet ferrite manufacturer, and its high-performance permanent magnet ferrite production capacity ranks first in the world. Major permanent magnet ferrite companies in my country include Sinosteel Tianyuan, Hengdian East Magnetics, Longci Technology, etc. Hengdian East Magnetics ranks as the leader in my country’s permanent magnet ferrite industry, with a market share of 26.0%.

Industry analysts said that permanent ferrite has excellent performance and is widely used in many fields. As automobile production continues to increase, the market demand for permanent magnet ferrites is becoming increasingly strong. my country is one of the world’s major producers of permanent magnet ferrite, and its sufficient supply of raw materials has driven the rapid development of the industry. As leading companies continue to make breakthroughs in production technology, the market penetration rate of domestic high-performance permanent magnet ferrite will continue to increase.