Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Growth 2023-2029

Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “NdFeB Permanent Magnets (Neodymium-iron-boron) Industry Forecast” looks at past sales and reviews total world NdFeB Permanent Magnets (Neodymium-iron-boron) sales in 2022, providing a comprehensive analysis by region and market sector of projected NdFeB Permanent Magnets (Neodymium-iron-boron) sales for 2023 through 2029. With NdFeB Permanent Magnets (Neodymium-iron-boron) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world NdFeB Permanent Magnets (Neodymium-iron-boron) industry.

This Insight Report provides a comprehensive analysis of the global NdFeB Permanent Magnets (Neodymium-iron-boron) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on NdFeB Permanent Magnets (Neodymium-iron-boron) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global NdFeB Permanent Magnets (Neodymium-iron-boron) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for NdFeB Permanent Magnets (Neodymium-iron-boron) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global NdFeB Permanent Magnets (Neodymium-iron-boron).

The global NdFeB Permanent Magnets (Neodymium-iron-boron) market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of NdFeB Permanent Magnets (Neodymium-iron-boron) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Sintered NdFeB Magnet
Bonded NdFeB Magnet

Segmentation by application
Consumer electronics
Industrial Motor
Energy-Saving Appliances
Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Hitachi Metals
MMC
Vacuumschmelze
TDK
Zhenfhai Magnetic
Ningbo Yunsheng
Tianhe Magnets
Shougang Magnetic Material
Jingci Magne

Key Questions Addressed in this Report

What is the 10-year outlook for the global NdFeB Permanent Magnets (Neodymium-iron-boron) market?

What factors are driving NdFeB Permanent Magnets (Neodymium-iron-boron) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do NdFeB Permanent Magnets (Neodymium-iron-boron) market opportunities vary by end market size?

How does NdFeB Permanent Magnets (Neodymium-iron-boron) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.