Global Neodymium Magnet Market Growth 2023-2029

Global Neodymium Magnet Market Growth 2023-2029

Neodymium Magnet is 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 in 1982 by General Motors and Sumitomo Special Metals, neodymium magnets are the strongest type of permanent magnet commercially available.
LPI (LP Information)' newest research report, the “Neodymium Magnet Industry Forecast” looks at past sales and reviews total world Neodymium Magnet sales in 2022, providing a comprehensive analysis by region and market sector of projected Neodymium Magnet sales for 2023 through 2029. With Neodymium Magnet sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Neodymium Magnet industry.
This Insight Report provides a comprehensive analysis of the global Neodymium 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 Magnet portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Neodymium Magnet market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Neodymium 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 Magnet.
The global Neodymium Magnet market size is projected to grow from US$ 7309 million in 2022 to US$ 10930 million in 2029; it is expected to grow at a CAGR of 10930 from 2023 to 2029.
The major players in global Neodymium Magnet market include Beijing Zhong Ke San Huan Hi-Tech, Hitachi Metals Group, Shin-Etsu, etc. The top 3 players occupy about 20% shares of the global market. Asia-Pacific is the main market, and occupies about 80% of the global market. Sintered Neodymium Magnet is the main type, with a share about 90%. Automotive other than EV and Consumer Goods and Electronics are main applications, which hold a share about 50%.
This report presents a comprehensive overview, market shares, and growth opportunities of Neodymium Magnet market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Sintered Neodymium Magnet
Bonded Neodymium Magnet
Others
Segmentation by application
EV (Electric Vehicle)
Automotive other than EV
Air Conditioning
Aerospace and Defense
Wind Energy
Consumer Goods and Electronics
Industrial Machinery
Others
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 Group
Shin-Etsu
TDK
VAC
Beijing Zhong Ke San Huan Hi-Tech
Yunsheng Company
YSM
JL MAG
ZHmag
Jingci Material Science
AT&M
NBJJ
Innuovo Magnetics
SGM
Galaxy Magnetic
Zhejiang Zhongyuan Magnetic Industry Limited
Earth- Panda
Magsuper
Daido Electronics
Tianhe Magnetics
Key Questions Addressed in this Report
What is the 10-year outlook for the global Neodymium Magnet market?
What factors are driving Neodymium Magnet market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Neodymium Magnet market opportunities vary by end market size?
How does Neodymium Magnet 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.