Neodymium-Iron-Boron (NdFeB) Magnets Market is estimated to be US$ 25.7 billion by 2030 with a CAGR of 7.5% during the forecast period

Download Sample

Published Date: June 2024

Neodymium-Iron-Boron (NdFeB) has high tensile strength and most affordable types of rare earth magnets. These magnet exhibit numerous characteristics due to which these magnet are using in various fields. NdFeB magnets have lower curie temperature and are more liable for oxidation, they exhibit highest magnetic field strength and magnetic stability due to which they are used in electric motors and other products. Neodymium-Iron-Boron (NdFeB) Magnets Market accounted for US$ 12.5 billion in 2020 and is estimated to be US$ 25.7 billion by 2030 and is anticipated to register a CAGR of 7.5%.

The report " Neodymium-Iron-Boron (NdFeB) Magnets market, By Product Type (Bonded NdFeB Magnet, Sintered NdFeB Magnet and Others), By Application (Consumer Electronics, Automotive, healthcare, Energy-Mining and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”

Key Highlights:

UK carmaker Bentley motors is launching three year study aimed at developing a sustainable source of recycled rare earth magnets for electric and hybrid vechicles published in article on 18^th feb,2021.

Analyst View:

Increasing applications of neodymium-iron-boron in various fields like consumer electronics, automotive, healthcare and others drives the market. Neodymium-iron-boron magnet market is growing due to high-level magnetic strength and miniaturization of equipment in emerging applications.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Neodymium-Iron-Boron (NdFeB) Magnets market, By Product Type (Bonded NdFeB Magnet, Sintered NdFeB Magnet and Others), By Application (Consumer Electronics, Automotive, healthcare, Energy-Mining and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”

Key Market Insights from the report:

Neodymium-Iron-Boron (NdFeB) Magnets Market accounted for US$ 12.5 billion in 2020 and is estimated to be US$ 25.7 billion by 2030 and is anticipated to register a CAGR of 7.5%. The Neodymium-Iron-Boron (NdFeB) Magnets Market is segmented based on the product type, application, and region.

By Product Type, the Neodymium-Iron-Boron (NdFeB) Magnets Market is segmented into Bonded NdFeB Magnet, Sintered NdFeB Magnet and Others.
By Application, the Neodymium-Iron-Boron (NdFeB) Magnets Market is segmented into Consumer Electronics, Automotive, healthcare, Energy-Mining and Others.
By region, the Neodymium-Iron-Boron (NdFeB) Magnets Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape:

The key players operating in the Global Neodymium-Iron-Boron (NdFeB) Magnets Market include Hitachi Metals, Ningbo Yunsheng, TDK, Shougang Magnetic Material, MMC, Jingci Magne, Zhenfhai Magnetic, Vacuumschmelze, Tianhe Magnets.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered