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

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

The global NdFeB Permanent 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 Permanent Magnets are Zhong Ke San Huan, Proterial (Hitachi Metals), Zhenghai Magnetic, Jl Mag Rare-Earth and NingboYunsheng, which make up nearly 34%. Among them. Zhong Ke San Huan dominates with nearly 9% production value share, followed by Proterial (Hitachi Metals) (8%) and Zhenghai Magnetic (6%). Top manufacturers are based in Europe, Japan and China.

China is the largest market, holding a share over 85%, followed by Japan and Europe, with shares 9% and 1% separately.

There are two types of NdFeB Permanent Magnets, including bonded NdFeB Permanent Magnets and sintered NdFeB Permanent Magnets. The leading type is sintered NdFeB Permanent Magnets, with a market share over 90%.

In terms of application, NdFeB Permanent Magnets is mainly used in Electric Motors, Auto Industry, Offshore Wind Turbines and Consumer Electronics. Auto Industry is the largest segment, accounting for nearly 35%.

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 Permanent Magnets production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for NdFeB Permanent 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 Permanent Magnets that contribute to its increasing demand across many markets.

Highlights and key features of the study

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

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

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

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

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

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

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

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

This reports profiles key players in the global NdFeB Permanent 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 Proterial, Ltd, Vacuumschmelze, Zhong Ke San Huan, TDK, Zhenghai Magnetic, Ningbo Yunsheng, Tianhe Magnets, Yantai Dongxing Magnetic Materials and Jingci Magnet, 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 Permanent Magnets market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (Tons) and average price (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 Permanent Magnets Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

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

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

Companies Profiled:
Proterial, Ltd
Vacuumschmelze
Zhong Ke San Huan
TDK
Zhenghai Magnetic
Ningbo Yunsheng
Tianhe Magnets
Yantai Dongxing Magnetic Materials
Jingci Magnet
AT&M
Jl Mag Rare-Earth
Earth-Panda
Innuovo Technology
Shin-Etsu
Galaxy Magnets
Jintian Copper

Key Questions Answered

1. How big is the global NdFeB Permanent Magnets market?

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

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

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

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

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