Global NdFeB Magnets Supply, Demand and Key Producers, 2023-2029

Global NdFeB Magnets Supply, Demand and Key Producers, 2023-2029

The global NdFeB Magnets market size is expected to reach $ 22100 million by 2029, rising at a market growth of 3.0% CAGR during the forecast period (2023-2029).

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.

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.

This report studies the global NdFeB Magnets production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for NdFeB Magnets, and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of NdFeB Magnets that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global NdFeB Magnets total production and demand, 2018-2029, (Tons)

Global NdFeB Magnets total production value, 2018-2029, (USD Million)

Global NdFeB Magnets production by region & country, production, value, CAGR, 2018-2029, (USD Million) & (Tons)

Global NdFeB Magnets consumption by region & country, CAGR, 2018-2029 & (Tons)

U.S. VS China: NdFeB Magnets domestic production, consumption, key domestic manufacturers and share

Global NdFeB Magnets production by manufacturer, production, price, value and market share 2018-2023, (USD Million) & (Tons)

Global NdFeB Magnets production by Type, production, value, CAGR, 2018-2029, (USD Million) & (Tons)

Global NdFeB Magnets production by Application production, value, CAGR, 2018-2029, (USD Million) & (Tons).

This reports profiles key players in the global NdFeB Magnets market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Zhong Ke San Huan, Proterial(Hitachi Metals), Zhenghai Magnetic, Jl Mag Rare-Earth, Ningbo Yunsheng, Yantai Dongxing Magnetic Materials, Shin-Etsu, TDK and Innuovo Technology, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World NdFeB Magnets market.

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Tons) and average price (K US$/Ton) by manufacturer, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global NdFeB Magnets Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global NdFeB Magnets Market, Segmentation by Type
Bonded NdFeB
Sintered NdFeB

Global NdFeB Magnets Market, Segmentation by Application
Electric Motors
Auto Industry
Offshore Wind Turbines
Consumer Electronics
Others

Companies Profiled:
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

Key Questions Answered

1. How big is the global NdFeB Magnets market?

2. What is the demand of the global NdFeB Magnets market?

3. What is the year over year growth of the global NdFeB Magnets market?

4. What is the production and production value of the global NdFeB Magnets market?

5. Who are the key producers in the global NdFeB Magnets market?

6. What are the growth factors driving the market demand?