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The Hard Ferrite Permanent Magnet market is a subset of the Advanced Materials industry. It is composed of materials that are used to create permanent magnets, which are used in a variety of applications such as motors, generators, and sensors. These magnets are made from a combination of iron oxide and barium or strontium, and are known for their high coercivity and low cost. They are also highly resistant to corrosion and temperature changes, making them ideal for use in a variety of industries.
The Hard Ferrite Permanent Magnet market is driven by the increasing demand for efficient and cost-effective solutions in the automotive, consumer electronics, and industrial sectors. The growing demand for electric vehicles and the need for efficient motors and generators are also driving the market.
Notable companies in the Hard Ferrite Permanent Magnet market include Hitachi Metals, TDK Corporation, Shin-Etsu Chemical Co., Ltd., Daido Steel Co., Ltd., and VACUUMSCHMELZE GmbH & Co. KG. Show Less Read more
