By 2010, China’s ferrite magnet materials industry basically maintained its growth rate of more than 20%, with an average of doubling its output every five years.

In recent years, China’s ferrite magnet production quality and grade has greatly improved, basically able to produce various brands of Japanese TDK standard products.

At present, permanent magnet ferrite magnet products occupy 42% of high-tech applications, such as household appliances (microwave ovens, air conditioners, small appliances), office supplies (copiers and fax machines), automobiles, motorcycles,hi-fi and instrument sensors. 58% of the traditional application of low-end products, such as speakers, magnets, toys, motors, magnetic devices.

Overall, the performance of ferrite magnets in China is still the majority of middle and low, although the output ranks first in the world, but the output value is not satisfactory. Now China’s total output value of magnetic materials 26.5 billion yuan, output 6.2 billion permanent ferrite magnet , soft ferrite production 9.3 billion, the remaining samarium cobalt magnets, NdFeB magnetic and metal magnets account for 11 billion yuan market.