Report overview
A neodymium magnet (also known as NdFeB, NIB or Neo magnet), the most widely used type of rare-earth magnet, is a permanent magnet made from an alloy of neodymium, iron and boron to form the Nd2Fe14B tetragonal crystalline structure. Developed independently in 1982 by General Motors and Sumitomo Special Metals, neodymium magnets are the strongest type of permanent magnet commercially available. They have replaced other types of magnets in many applications in modern products that require strong permanent magnets, such as motors in cordless tools, hard disk drives and magnetic fasteners.
This report aims to provide a comprehensive presentation of the global market for NdFeB Permanent Magnets (Neodymium-iron-boron), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding NdFeB Permanent Magnets (Neodymium-iron-boron). This report contains market size and forecasts of NdFeB Permanent Magnets (Neodymium-iron-boron) in global, including the following market information:
Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Sales, 2018-2023, 2024-2032, (K MT)
Global top five NdFeB Permanent Magnets (Neodymium-iron-boron) companies in 2022 (%)
The global NdFeB Permanent Magnets (Neodymium-iron-boron) market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The growing demand for high magnetic strength and miniaturization of equipment in existing and emerging applications is majorly driving the global market for NdFeB magnets. The government initiatives to stimulate the use of green technologies so as to decrease the greenhouse gas emissions is expected to drive the growth of the global NdFeB magnet market. The high cost, low Curie temperature and propensity to undergo oxidation represent the major constraints to the applications of NdFeB magnets. Asia Pacific is expected to maintain its position over the forecast period. South America?s market is predicted to experience high growth and is projected to grow at a high CAGR during the forecast period. The market in Asia Pacific is growing at a fast pace on account of increasing demand from end user industries, particularly in countries such as China and Japan. The market in Europe increased slowly.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the NdFeB Permanent Magnets (Neodymium-iron-boron) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K MT)
Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Segment Percentages, by Type, 2022 (%)
Sintered NdFeB Magnet
Bonded NdFeB Magnet
Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K MT)
Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Segment Percentages, by Application, 2022 (%)
Consumer electronics
Industrial Motor
Energy-Saving Appliances
Vehicle
Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K MT)
Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies NdFeB Permanent Magnets (Neodymium-iron-boron) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies NdFeB Permanent Magnets (Neodymium-iron-boron) revenues share in global market, 2022 (%)
Key companies NdFeB Permanent Magnets (Neodymium-iron-boron) sales in global market, 2018-2023 (Estimated), (K MT)
Key companies NdFeB Permanent Magnets (Neodymium-iron-boron) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Hitachi Metals
MMC
Vacuumschmelze
TDK
Zhenfhai Magnetic
Ningbo Yunsheng
Tianhe Magnets
Shougang Magnetic Material
Jingci Magne
Outline of Major Chapters:
Chapter 1: Introduces the definition of NdFeB Permanent Magnets (Neodymium-iron-boron), market overview.
Chapter 2: Global NdFeB Permanent Magnets (Neodymium-iron-boron) market size in revenue and volume.
Chapter 3: Detailed analysis of NdFeB Permanent Magnets (Neodymium-iron-boron) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of NdFeB Permanent Magnets (Neodymium-iron-boron) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global NdFeB Permanent Magnets (Neodymium-iron-boron) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
