Ferrite magnets are a type of permanent magnet made from a sintered composite of iron oxide and barium or strontium carbonate. They are a popular choice for many applications due to their low cost, high magnetic strength, and resistance to corrosion. Ferrite magnets are widely used in motors, generators, loudspeakers, and other electronic devices. As a result, the ferrite magnet industry has become an important part of China’s industrial chain.
The ferrite magnet industry in China is highly fragmented, with many small and medium-sized enterprises (SMEs) competing for market share. The majority of these SMEs are located in the coastal provinces of Guangdong, Fujian, and Zhejiang. These provinces are home to some of the largest ferrite magnet manufacturers in the world, such as Ningbo Permanent Magnet Group, Hangzhou Permanent Magnet Group, and Fujian Sanhuan Magnetism Group. These companies have established a strong presence in the global market, and are responsible for the majority of ferrite magnet production in China.
In addition to the large-scale manufacturers, there are also many smaller companies that specialize in producing ferrite magnets for specific applications. These companies often focus on producing custom-made magnets for specific applications, such as medical equipment, automotive components, and consumer electronics. These companies are typically located in the same coastal provinces as the larger manufacturers, and often collaborate with them to produce specialized magnets.
The ferrite magnet industry in China is also supported by a number of research and development (R&D) centers. These centers are responsible for developing new technologies and materials for ferrite magnets, as well as testing and certifying them for use in various applications. The Chinese Academy of Sciences, the Chinese Academy of Engineering, and the Chinese Academy of Social Sciences are all involved in the research and development of ferrite magnets.
Finally, the ferrite magnet industry in China is supported by a number of raw material suppliers. These suppliers provide the necessary materials for the production of ferrite magnets, such as iron oxide, barium carbonate, and strontium carbonate. These suppliers are typically located in the same coastal provinces as the manufacturers, and often collaborate with them to ensure the quality of the raw materials.
Overall, the ferrite magnet industry in China is highly fragmented, with many small and medium-sized enterprises competing for market share. The majority of these companies are located in the coastal provinces of Guangdong, Fujian, and Zhejiang, and are supported by a number of research and development centers, as well as raw material suppliers. This layout of the ferrite magnet industry in China has allowed it to become a major player in the global market, and has helped to drive innovation and growth in the sector.