Arc Ferrite Magnet Market Size

Arc Ferrite Magnet Market size was over USD 9.34 billion in 2024 and is set to cross USD 21.18 billion by the end of 2037, witnessing more than 6.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of arc ferrite magnet is estimated at USD 9.83 billion. Arc ferrite magnets offer several advantages, including affordability, good magnetic stability, resistance to corrosion, and high-temperature resistance. The market for arc ferrite magnets is influenced by global economic trends, technological advancements, and shifts in manufacturing and production.

Manufacturers often provide customized solutions to meet specific customer requirements in terms of size, shape, and magnetic properties. Arc ferrite magnets, also known as ferrite arc magnets or ceramic arc magnets, are permanent magnets made from ferrite, a type of ceramic compound composed of iron oxide and other materials. These magnets have been used in various applications for many years due to their cost-effectiveness and strong magnetic properties. Some common applications include electric motors, speakers, magnetic separators, and magnetic resonance imaging (MRI) machines.