The development of the domestic permanent magnet ferrite industry has reached a deadlock, and high-end development has become an inevitable trend.

Permanent ferrite is a kind of magnetic material and a basic functional material in the electronics industry. Permanent magnet ferrite is produced through ceramic technology using SrO or BaO and iron oxide as the main raw materials. It is a magnetic material with constant magnetism. Compared with other permanent magnet materials, permanent magnet ferrite has the advantages of low price, energy saving and environmental protection. It is currently mainly used in the fields of electric motors and acoustic wave equipment.

According to different production processes, permanent magnet ferrite can be divided into two types: bonded ferrite and sintered ferrite. Among them, sintered ferrite has two methods: wet pressing type and dry pressing type. It is currently mainly used in electronic hardware, Automobiles, sensors, household appliances, smart home fields; bonded ferrite not only has magnetic properties, but also has plastic properties, strong processability, and various molding methods. It is mainly used in toys, printers and other fields.

According to the “Special Survey Report on Permanent Magnet Benchmark Companies and Competitors 2021-2025” released by the Industrial Research Center, my country It is the world’s largest producer of permanent magnet ferrite. In 2019, the domestic output of permanent magnet ferrite was approximately 530,000 tons. Judging from the production trend of permanent magnet ferrite in my country from 2015 to 2019, the output of permanent magnet ferrite in the past five years has been more than 500,000 tons, with the highest output in 2018, about 550,000 tons. my country’s permanent magnet ferrite production ranks first in the world. It is expected that the permanent magnet ferrite industry will still show a stable development trend in the future, with output remaining at around 500,000 tons.

Permanent ferrite is mainly used in the fields of automobiles and home appliances, of which cars account for 66% and home appliances account for 24%. Affected by factors such as the slowdown in macroeconomic growth and the tightening of real estate policies, my country’s home appliance retail industry continues to decline. In 2019, my country’s home appliance retail sales were approximately 900 billion yuan. In 2020, they were severely affected by the epidemic, with retail sales of approximately 7,000 yuan. billion. Generally speaking, my country’s home appliance industry is mature and the market is relatively stable. The possibility of large-scale growth in the future is low and will have little impact on the permanent magnet ferrite industry.

The future development of the permanent magnet ferrite industry will be mainly affected by the automobile industry. Supported by new energy policies, my country’s new energy vehicle production and sales continue to rise, driving the recovery of domestic automobile production and sales. In the first half of 2021, my country’s automobile production and sales were approximately 12.569 million units and 12.891 million units. million vehicles, a year-on-year increase of 24.2% and 25.6% respectively. Driven by the development of the automobile industry, the market demand for permanent magnet ferrite may show a growth trend.

In terms of production, there are many domestic permanent magnet ferrite manufacturers, and there are less than ten manufacturers with a scale of 10,000 tons. The main ones are Sinosteel Tianyuan, Tiantong Co., Ltd., Hengdian East Magnetics, Longci Technology, Beikou Magnetic Materials, Jiangxi Powder magnetic materials, Brocade new materials, etc. In the global market, in addition to China, Japan and South Korea are also the main producing countries of permanent magnet ferrite. The main manufacturers in Japan are TDK, Hitachi, and Toda; in South Korea, there are Tianpingyang and Ssangyong.

Industrial analysts said that my country is the world’s largest producer of permanent ferrite, with high output and demand, benefiting from the downstream automobile industry. Driven by development, some domestic companies still have expansion plans, but the new production capacity is expected to be used in high-end fields such as photovoltaics, new energy and energy storage. This shows that my country’s permanent magnet ferrite industry will gradually develop in a high-end direction. In terms of market competition, there are many companies in the domestic permanent magnet ferrite market, but the top echelon pattern has been formed. In the future, under the background of high-end applications, market concentration will continue to grow.