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Ferrite Magnet Market Expands with Growing Use in Household and Industrial Appliances
The global ferrite magnet market is poised for steady growth as manufacturers and end-users accelerate adoption of ceramic permanent magnets that are cost-effective, thermally stable and increasingly utilised across electric motors, sensors and renewable-energy systems. Industry intelligence places the market value at roughly USD 7.48 billion in 2022, with a forecast to...
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