Global Neodymium Magnet Market Growth 2025-2031

The global Neodymium Magnet market size is predicted to grow from US$ 11740 million in 2025 to US$ 21910 million in 2031; it is expected to grow at a CAGR of 11.0% from 2025 to 2031.

Neodymium Magnet, also known as NdFeB, NIB or Neo magnet, is 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.

NdFeB is the third generation of Magnet that takes more than 98% of world rare earth magnet demand. Neodymium Magnet market can be categorized as sintered magnet, hot press magnet and bonded magnet in terms of manufacture process. Sintered magnet is the major type that takes 93.89% of world production in 2023. The volume of bonded magnet is 10.74 kilotons in 2023, which takes 4.90% of world production.

The technical barriers of low end Neodymium Permanent Magnets are relatively low. For high end market, the manufacturing bases concentrated distribution in China and Japan; some of the key players dominating this market are Zhmag, JL MAG, Shin-Etsu, Proterial (Hitachi Metals Group), Yunsheng Company, Beijing Zhong Ke San Huan Hi-Tech, TDK, Tianhe Magnetics, YSM, Innuovo Magnetics and others.

LP Information, Inc. (LPI) ' newest research report, the “Neodymium Magnet Industry Forecast” looks at past sales and reviews total world Neodymium Magnet sales in 2024, providing a comprehensive analysis by region and market sector of projected Neodymium Magnet sales for 2025 through 2031. 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.

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.

Segmentation by Type:
Sintered Neodymium Magnet
Bonded Neodymium Magnet
Hot-pressed Neodymium Magnet

Segmentation by Application:
EV (Electric Vehicle)
Automotive other than EV
Home Appliance
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 analysing 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 by Type, by Application?

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