Global Neodymium Iron Boron Magnet Market Growth 2025-2031

Global Neodymium Iron Boron Magnet Market Growth 2025-2031

The global Neodymium Iron Boron Magnet market size is predicted to grow from US$ 8151 million in 2025 to US$ 11430 million in 2031; it is expected to grow at a CAGR of 5.8% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Neodymium Iron Boron Magnet Industry Forecast” looks at past sales and reviews total world Neodymium Iron Boron Magnet sales in 2024, providing a comprehensive analysis by region and market sector of projected Neodymium Iron Boron Magnet sales for 2025 through 2031. With Neodymium Iron Boron Magnet sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Neodymium Iron Boron Magnet industry.

This Insight Report provides a comprehensive analysis of the global Neodymium Iron Boron Magnet 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 Neodymium Iron Boron Magnet portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Neodymium Iron Boron Magnet market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Neodymium Iron Boron Magnet 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 Neodymium Iron Boron Magnet.

This report presents a comprehensive overview, market shares, and growth opportunities of Neodymium Iron Boron Magnet market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Bonded NdFeB
Sintered NdFeB

Segmentation by Application:
Consumer Electronics
General Industrial
Automotive
Medical Technology

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 analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Neodymium Iron Boron Magnet market?

What factors are driving Neodymium Iron Boron Magnet market growth, globally and by region?

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

How do Neodymium Iron Boron Magnet market opportunities vary by end market size?

How does Neodymium Iron Boron Magnet break out by Type, by Application?

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