The Current Situation And Prospects Of Magnetic Materials Industry In China

Magnetic materials mainly include permanent magnetic materials such as Neodymium magnets, Samarium Cobalt magnets, Ferrite magnets and AlNiCo magnets, soft magnetic materials, letter magnetic materials, special magnetic materials, etc., covering many high-tech fields. In the fields of rare earth permanent magnet material technology, permanent magnet ferrite technology, amorphous soft magnet material technology, soft magnet ferrite technology, microwave ferrite device technology, and special equipment technology for magnetic materials, a huge industry group has been formed worldwide. Among them, the annual market sales of permanent magnet materials alone have exceeded $10 billion. The wide coverage area of magnetic materials makes the demand for soft magnetic ferrite very high and there is a rising trend.

In the automotive manufacturing industry, the global annual production of automobiles is about 55 million. Based on 41 ferrite permanent magnet motors per vehicle, the automotive industry needs about 2.255 billion motors per year. In addition, the global demand for automotive speakers is also hundreds of millions. In short, the automotive industry needs to consume a large amount of magnetic materials every year.

Magnetic materials can cover a large number of electronics and electrical products, and is one of the basic and backbone industrial sectors of the materials industry. With the rapid rise of China's electronic and electrical industries, China has become the world's largest producer and consumer of magnetic materials. In the near future, more than half of the world's magnetic materials will be used to supply the Chinese market. Many high-tech magnetic materials and components will also be mainly produced and purchased by Chinese enterprises. Magnetic materials will also become one of the pillar industries in China's national economy.

The magnetic materials industry has shown stable and sustained profitability and high profit margins. In recent years, magnetic material companies have been listed every year, and the magnetic material industry has great potential for development, both in terms of technology and industrial prospects.


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