World Magnetic Material Market Development

At present, the world's automobile production is about 55 million. According to the number of motors used per vehicle, 30, it is estimated that 1.6 billion motors will be required. With the increase in the number of cars produced and the number of speakers used, there are 230 million speakers for cars. It is predicted that ferrite permanent magnets will require 250,000 tons of permanent magnets.
Due to the development of electric vehicles and the use of non-automotive vehicles in order to protect the environment, it is necessary to apply new materials to improve the function of the motor and reduce the size, which will promote the development of NdFeB magnets. It is estimated that by 2005 the output value of permanent magnets in the world will exceed 10 billion U.S. dollars.
The development of the computer has led to the development of related supporting components. It is estimated that in 2010, the global output of hard disk drives will be 500 million units, with 1 billion CD-ROM and DVD-ROM drives and 5 million printers, making it the largest market for the use of NdFeB. One, about 10,000 tons in annual demand. The monitor needs a variety of high-grade ferrite soft magnetic, multimedia audio demand for permanent magnet materials is also very large. With the advent of the information age, industrial advanced countries are forming an upsurge of computers entering the family in recent years. According to the US market survey, the international microcomputer market in 2010 will be 200 million units, and in 2020 it will be about 500 million units. It is predicted that the international market will require 100,000 tons of high-grade soft magnetic ferrite and 100,000 tons of high-grade permanent magnet ferrite.
With the development of the communications industry, telephone and mobile phone devices require more and more anti-jamming magnetic cores, chip miniature inductors, and microphones and speakers, which brings a good market for soft magnetic and permanent magnetic materials. In this regard, 30,000 tons of soft magnetic ferrite materials with high magnetic permeability and nearly 1,000 tons of NdFeB magnets are needed.
In terms of consumer products, by 2010, the world's color TV market will be 200 million, video camera 100 million, and home audio market 200 million. The new generation of DVD players will have a market demand of 90 million units by 2010 and 40 million units of MD and MP3 players. There will be 60,000 tons of soft ferrite, 80,000 tons of permanent ferrite and 2,000 tons of NdFeB magnets. In short, from the perspective of market development, China’s long-term prospects for the development of the global magnetic materials market are optimistic.

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