“…Magnetic materials like ferrites can be employed as recording materials, microwave devices, humidity sensors and pigments, ultrahigh‐density data storage, magnetic sensors, spintronic devices, electromagnetic wave absorbers, magnetic composites, for bioanalysis and catalysis etc . A well known hard magnetic material with high coercivity and saturation magnetization was achieved in cobalt ferrites, as a competitive candidate for high‐density magnetic recording media .…”