Global NdFeB Magnets Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global NdFeB Magnets Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global NdFeB Magnets market size was valued at USD 18000 million in 2022 and is forecast to a readjusted size of USD 22100 million by 2029 with a CAGR of 3.0% during review period.

NdFeB magnet (also known as Neodymium magnets) is a permanent rare earth magnet formed from an alloy of Neodymium, Iron, and Boron (hence Nd-Fe-B). NdFeB magnets are the strongest, most commonly used rare earth magnets in the world. They provide unparalleled levels of magnetism and resistance to demagnetization when compared to ceramic, alnico, and even samarium-cobalt magnets.

Global 5 largest manufacturers of NdFeB Magnets are Zhong Ke San Huan, Proterial (Hitachi Metals), Zhenghai Magnetic, Jl Mag Rare-Earth and Ningbo Yunsheng, which make up over 32%. Among them, Zhong Ke San Huan is the leader with about 8% market share.

Asia-Pacific is the largest market, with a share about 82%, followed by Europe and North America, with the share about 10% and 5%. In terms of product type, Sintered NdFeB occupy the largest share of the total market, about 94%. And in terms of product Application, the largest application is Auto Industry, followed by Consumer Electronics.

The Global Info Research report includes an overview of the development of the NdFeB Magnets industry chain, the market status of Electric Motors (Bonded NdFeB, Sintered NdFeB), Auto Industry (Bonded NdFeB, Sintered NdFeB), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of NdFeB Magnets.

Regionally, the report analyzes the NdFeB Magnets markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global NdFeB Magnets market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the NdFeB Magnets market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the NdFeB Magnets industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Tons), revenue generated, and market share of different by Type (e.g., Bonded NdFeB, Sintered NdFeB).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the NdFeB Magnets market.

Regional Analysis: The report involves examining the NdFeB Magnets market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the NdFeB Magnets market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to NdFeB Magnets:

Company Analysis: Report covers individual NdFeB Magnets manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards NdFeB Magnets This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Electric Motors, Auto Industry).

Technology Analysis: Report covers specific technologies relevant to NdFeB Magnets. It assesses the current state, advancements, and potential future developments in NdFeB Magnets areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the NdFeB Magnets market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

NdFeB Magnets market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Bonded NdFeB
Sintered NdFeB

Market segment by Application
Electric Motors
Auto Industry
Offshore Wind Turbines
Consumer Electronics
Others

Major players covered
Zhong Ke San Huan
Proterial(Hitachi Metals)
Zhenghai Magnetic
Jl Mag Rare-Earth
Ningbo Yunsheng
Yantai Dongxing Magnetic Materials
Shin-Etsu
TDK
Innuovo Technology
Tianhe Magnets
AT&M
Jingci Magnet
Earth-Panda
Jintian Copper
Galaxy Magnets
Vacuumschmelze

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe NdFeB Magnets product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of NdFeB Magnets, with price, sales, revenue and global market share of NdFeB Magnets from 2018 to 2023.

Chapter 3, the NdFeB Magnets competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the NdFeB Magnets breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and NdFeB Magnets market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.

Chapter 13, the key raw materials and key suppliers, and industry chain of NdFeB Magnets.

Chapter 14 and 15, to describe NdFeB Magnets sales channel, distributors, customers, research findings and conclusion.