May 28, 2019
According to Expert Market Research, the global ferrite magnet market grew at a CAGR of around 3.8% during 2014-2018. The market is currently being driven by the properties of these magnets which include resistance to demagnetization, excellent corrosion resistance and their low prices.
Global Ferrite Magnet Market Size
According to a new report by Expert Market Research titled, "Global Ferrite Magnet Market Size, Share, Price Trends, Report and Forecast 2019–2024", the global ferrite magnet market reached a volume of 1.2 Million Metric Tons in 2016 and is further expected to reach 1.5 Million Metric Tons by 2024.
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