Ferrite magnets offer several advantages, from cost to temperature tolerance, which makes them highly versatile and suitable for use in a wide range of applications and industries.
Ferrite magnets are cheaper than other types of magnets, such as neodymium magnets, because there is an abundance of their raw materials, making them cost effective to mine and process. The lower cost of extracting and processing the raw materials in ferrite magnets reduces the price for consumers, from domestic use to industrial and commercial uses.
They have excellent corrosion resistance, which means they do not require additional coatings for protection against moisture and chemicals. Ferrite magnets also perform well at high temperatures, maintaining their magnetic properties up to 250°C or higher. Ferrite magnets also have high electrical resistance, making them suitable for applications where electrical insulation is necessary.
Ferrite magnets are available in a wide range of shapes and sizes, providing flexibility for different design requirements. They also have good stability and durability over time, ensuring consistent performance in long-term applications. All these factors make ferrite magnets an essential component in countless processes and applications, from domestic settings to industrial processing and manufacturing, for tradespeople, in commercial settings and more. Ferrite magnets are the 'Jack of all trades' in the magnet world.