Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global NdFeB Permanent Magnets (Neodymium-iron-boron) market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.

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.

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.

The Global Info Research report includes an overview of the development of the NdFeB Permanent Magnets (Neodymium-iron-boron) industry chain, the market status of Consumer electronics (Sintered NdFeB Magnet, Bonded NdFeB Magnet), Industrial Motor (Sintered NdFeB Magnet, Bonded NdFeB Magnet), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of NdFeB Permanent Magnets (Neodymium-iron-boron).

Regionally, the report analyzes the NdFeB Permanent Magnets (Neodymium-iron-boron) 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 Permanent Magnets (Neodymium-iron-boron) market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the NdFeB Permanent Magnets (Neodymium-iron-boron) 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 Permanent Magnets (Neodymium-iron-boron) 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 (K MT), revenue generated, and market share of different by Type (e.g., Sintered NdFeB Magnet, Bonded NdFeB Magnet).

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 Permanent Magnets (Neodymium-iron-boron) market.

Regional Analysis: The report involves examining the NdFeB Permanent Magnets (Neodymium-iron-boron) 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 Permanent Magnets (Neodymium-iron-boron) 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 Permanent Magnets (Neodymium-iron-boron):

Company Analysis: Report covers individual NdFeB Permanent Magnets (Neodymium-iron-boron) 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 Permanent Magnets (Neodymium-iron-boron) This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Consumer electronics, Industrial Motor).

Technology Analysis: Report covers specific technologies relevant to NdFeB Permanent Magnets (Neodymium-iron-boron). It assesses the current state, advancements, and potential future developments in NdFeB Permanent Magnets (Neodymium-iron-boron) areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the NdFeB Permanent Magnets (Neodymium-iron-boron) 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 Permanent Magnets (Neodymium-iron-boron) market is split by Type and by Application. For the period 2019-2030, 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
Sintered NdFeB Magnet
Bonded NdFeB Magnet

Market segment by Application
Consumer electronics
Industrial Motor
Energy-Saving Appliances
Vehicle

Major players covered
Hitachi Metals
MMC
Vacuumschmelze
TDK
Zhenfhai Magnetic
Ningbo Yunsheng
Tianhe Magnets
Shougang Magnetic Material
Jingci Magne

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 Permanent Magnets (Neodymium-iron-boron) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of NdFeB Permanent Magnets (Neodymium-iron-boron), with price, sales, revenue and global market share of NdFeB Permanent Magnets (Neodymium-iron-boron) from 2019 to 2024.

Chapter 3, the NdFeB Permanent Magnets (Neodymium-iron-boron) competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the NdFeB Permanent Magnets (Neodymium-iron-boron) breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

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 2023.and NdFeB Permanent Magnets (Neodymium-iron-boron) market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of NdFeB Permanent Magnets (Neodymium-iron-boron).

Chapter 14 and 15, to describe NdFeB Permanent Magnets (Neodymium-iron-boron) sales channel, distributors, customers, research findings and conclusion.