Global Neodymium Iron Boron Magnet Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Neodymium Iron Boron Magnet market size was valued at US$ 8163 million in 2024 and is forecast to a readjusted size of USD 11790 million by 2031 with a CAGR of 5.5% during review period.

Neodymium magnet was the largest magnetic mass in the world at that time. Later, general motors successfully developed a melt-spinning process to produce ndfeb magnets. The magnet is now second only to absolute zero holmium magnets in magnetism as a permanent magnet and is the most commonly used rare earth magnet. Ndfeb magnets are widely used in electronic products such as hard drives, mobile phones, headphones and battery-powered tools.

The market for neodymium iron boron magnets continues to grow as they are essential components in numerous high-tech and automotive applications. The demand for strong, lightweight magnets is on the rise in industries like electric vehicles and renewable energy.

This report is a detailed and comprehensive analysis for global Neodymium Iron Boron Magnet market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Neodymium Iron Boron Magnet market size and forecasts, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2020-2031

Global Neodymium Iron Boron Magnet market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2020-2031

Global Neodymium Iron Boron Magnet market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/MT), 2020-2031

Global Neodymium Iron Boron Magnet market shares of main players, shipments in revenue ($ Million), sales quantity (MT), and ASP (USD/MT), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Neodymium Iron Boron Magnet

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Neodymium Iron Boron Magnet market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Neo, Ugimag, R.Audemars SA, NSSMC, TDK, Daido Steel, Shin-Etsu Chemical, Hitachi Metals, Ta Tong Magnet, Galaxy Magnets, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Neodymium Iron Boron Magnet market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Bonded NdFeB
Sintered NdFeB

Market segment by Application
Consumer Electronics
General Industrial
Automotive
Medical Technology

Major players covered
Neo
Ugimag
R.Audemars SA
NSSMC
TDK
Daido Steel
Shin-Etsu Chemical
Hitachi Metals
Ta Tong Magnet
Galaxy Magnets
ZhongKeSanHuan
Ningbo Co-star
DEMGC
Beijing Jingci Magnet
Earth-Panda
Tianhe Magnets
Guangzhou Golden South
Jiangxi Yingguang Magnet
Ningbo Yunsheng

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 Neodymium Iron Boron Magnet product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Neodymium Iron Boron Magnet, with price, sales quantity, revenue, and global market share of Neodymium Iron Boron Magnet from 2020 to 2025.

Chapter 3, the Neodymium Iron Boron Magnet competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Neodymium Iron Boron Magnet breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

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 2020 to 2025.and Neodymium Iron Boron Magnet market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

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 Neodymium Iron Boron Magnet.

Chapter 14 and 15, to describe Neodymium Iron Boron Magnet sales channel, distributors, customers, research findings and conclusion.