Global Neodymium (ndfeb) Magnets 2024-2028
Global Neodymium (NdFeB) Magnets Market 2024-2028
The neodymium (NdFeB) magnets market is forecasted to grow by USD 6692 mn during 2023-2028, accelerating at a CAGR of 8.09% during the forecast period. The report on the neodymium (NdFeB) magnets market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing focus on renewable energy sources, rise in production of consumer electronic devices, and increasing use of NdFeB magnets in biomedical industry.
Technavio's neodymium (NdFeB) magnets market is segmented as below:
- By Type
- Sintered
- Bonded
- By End-user
- Automotive
- Electronics
- Power generators
- Medical industry
- Others
- By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing demand for evs as one of the prime reasons driving the neodymium (NdFeB) magnets market growth during the next few years. Also, advancements in manufacturing process of NdFeB magnets and increased emphasis on semi-hard magnets will lead to sizable demand in the market.
The report on the neodymium (NdFeB) magnets market covers the following areas:
- Neodymium (NdFeB) magnets market sizing
- Neodymium (NdFeB) magnets market forecast
- Neodymium (NdFeB) magnets market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading neodymium (NdFeB) magnets market vendors that include Adams Magnetic Products, Advanced Technology and Materials Co. Ltd., Arnold Magnetic Technologies Corp., Daido Steel Co. Ltd., DEXTER MAGNETIC TECHNOLOGIES, Earth Panda Advance Magnetic Material Co.Ltd., Goudsmit Magnetics Groep BV, Guangdong Lingyi Zhizhi Manufacturing Co. Ltd., Hitachi Ltd., Magnequench International LLC, MP MATERIALS CORP., Spear and Jackson, Neo Performance Materials Inc., Ningbo ketian Magnet Co. Ltd., Ningbo Yunsheng Co. Ltd., Ningbo Zhaobao Magnet Co. Ltd., Shin Etsu Chemical Co. Ltd., Siemens AG, Sumitomo Metal Mining Co. Ltd., TDK Corp., The Electrodyne Company Inc., and Zhejiang Innuovo Magnetics Co. Ltd.. Also, the neodymium (NdFeB) magnets market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.