Ferromagnetic Materials Market to Surge at a Robust Pace by 2027 - PowerPoint PPT Presentation

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Ferromagnetic Materials Market to Surge at a Robust Pace by 2027


Ferromagnetic Materials Market to Surge at a Robust Pace by 2027 – PowerPoint PPT presentation

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Title: Ferromagnetic Materials Market to Surge at a Robust Pace by 2027

Ferromagnetic Materials Market
  • Global Industry Analysis, Size, Share, Growth,
    Trends and Forecast, 20257

About Us
  • Transparency Market Research (TMR) is a market
    intelligence company, providing North America
    business information reports and services. Our
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Ferromagnetic Materials Market Overview
  • Ferromagnetic materials are strongly attracted to
    a magnet or magnetic field. These materials
    comprise iron, steel, nickel, cobalt, and other
  • The permeability of ferromagnetic materials is
    very high it ranges up to several hundred or
    thousand units
  • Ferromagnetic materials are primarily used in
    several electromagnetic and electromechanical
    devices such as electromagnets, generators,
    electric motors, transformers, and magnetic
    storage devices such as hard disks and tape
  • Increase in demand for electromagnetic and
    electromechanical devices in electronics and
    health care industries is anticipated to drive
    the global ferromagnetic materials market 

High Demand for Ferromagnetic Materials in
Electronics Industry
  • In terms of application, the global ferromagnetic
    materials market can be segregated into
    electrical equipment, magnetic storage devices,
    electronic electromechanical devices, and
    others. The electronic electromechanical
    devices segment is estimated to account for major
    share of the global ferromagnetic materials
    market in the near future.
  • Ferromagnetic materials such as iron, nickel,
    cobalt, tungsten, and aluminum and their alloys
    are primarily used in the electronics industry
    owing to their good electric and magnetic
  • Increase in demand for ferromagnetic materials in
    electronic and electromechanical devices due to
    excellent properties such as high relative
    permeability, low coercive force, and negligible
    hysteresis is expected to boost the market during
    the forecast period
  • Electronic and electromechanical devices such as
    electromagnets, transformers, electric motors,
    generators, inductors, relay, and telephone
    receivers operate under frequently varying
    magnetic flux.

Increase in Research Development of
Ferromagnetic Materials for Health Care
  • Ferromagnetic metals such as iron, cobalt, or
    nickel filled with carbon nanotubes are new and
    innovative nanostructured materials possessing a
    number of exceptional characteristics
  • Ferromagnetic materials filled with carbon
    nanotubes maintain consistent properties without
    mechanical or chemical degradation. This
    characteristic makes ferromagnetic materials an
    excellent material for manufacturing components
    for magneto-mechanical sensors.
  • Ferromagnetic materials or nano-magnets are
    promising materials for several medical
    applications. Carbon nanotubes filled
    ferromagnetic materials are commercially suitable
    for high quality scanning force microscopy
    probes in the health care industry.
  • Demand for ferromagnetic materials in the health
    care industry is anticipated to increase in the
    near future, as partially carbon nanotube-filled
    ferromagnetic materials can be employed as
    medical drug delivery systems. Furthermore,
    carbon nanotube-filled ferromagnetic materials
    are widely used as magneto-mechanical actuators
    in the NEMS (nano-electromechanical systems) and
    MEMS (micro-electromechanical systems)
    technology. NEMS and MEMS are functional
    technologies used to operate medical equipment.
  • Rise in usage of nano-sized magnetic particles
    such as carbon nanotubes in ferromagnetic
    materials for biomedical applications is
    estimated to boost the demand for ferromagnetic
    materials across the globe 

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Major players operating in the ferromagnetic
materials market include
  • Adams Magnetic Products
  • Armstrong Magnetics
  • CMS Magnetics
  • Digi-Key Electronics
  • Dura Magnetics
  • Electrodyne Company
  • Goudsmit Magnetic Supplies BV
  • International Magna Products
  • Magnetfabrik Bonn GmbH
  • RS Components, Ltd.

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