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Ferrites are compounds derived through iron oxides, magnetite and hematite and are hard and brittle. Major types of ferrites are hard ferrites and soft ferrites. Soft ferrites contain compounds of zinc, nickel or manganese. The major applications of soft ferrites are electronic applications such as transformers. Hard ferrites contains compounds of barium, cobalt or strontium and the major applications include consumer electronics such as refrigerators. Growing demand for these consumer electronics is a major growth factor for global ferrite market. Another growth factor is the increasing disposable income of endusers in the emerging economies. Few other factors driving the growth for soft ferrite market includes availability and cost effective efficiency.
New applications resulting from research and development activities is projected to present new opportunities to the suppliers in the global ferrite market.
This report identifies the global ferrite market size in for the year 20142016, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to global ferrite market.
Geographically increasing population and its disposable in Asia Pacific is driving the growth in the market for Ferrite. Asia Pacific is estimated to witness the highest growth in the global market. Europe, North America and Japan are estimated to witness a slowdown in the demand during the forecast period owing to market saturation.
This report segments global Ferrite market on the basis of type, application, and regional market as follows:
Global Ferrite Market, by Type: Hard Ferrite and Soft Ferrite
Global Ferrite Market, by Application: Consumer Electronics, Aerospace Defense, Automotive and Others
This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, AsiaPacific APAC, and Rest of the World RoW covering all the major country level markets in each of the region.
This report identifies all the major companies operating in the global ferrite market. Some of the major companies' profiles in detail are as follows:
Original Article: Ferrite Market: By Type Hard and Soft, By Application Consumer Electronics, Aerospace Defense, Automotive and Others By RegionForecast 20162021 [Updated: 25022016] Prices from USD $5250NEXT ARTICLE