Neodymium-Iron-Boron (NdFeB) Magnet 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

Report Code: PMI465721 | Publish Date: October 2022 | No. of Pages: 168

Global Neodymium Iron Boron (NdFeB) Magnet Market Overview

Neodymium-Iron-Boron magnet is one of the types of rare earth magnet which is developed by General Motors and Sumitomo Special Metals in 1982. These magnets are strongest and most affordable due to which they are use in various field. It is permanent type of magnet available commercially. These are used because of their high tensile strength and magnetic stability. For instance, these magnet are replacing other type of magnets such as motors in cordless tools, hard disk drives and magnetic fasteners. The rapidly expanding industrial applications of neodymium boost the market. Global 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%.

Impact of Covid-19 pandemic on market

China has abundant raw material which they export with other countries, but due to Covid-19 pandemic the supply chain and production was hampered due to lack of transportation.

Global Neodymium Iron Boron (NdFeB) Magnet Market Dynamics

Rising initiatives by government bodies

The government is raising initiatives to stimulate the use of green technologies so as to decrease the greenhouse gas emission also drives the rare earth magnet market.

Rapidly Expanding Industrial Applications

Expanding industrial application and limited substitutes for neodymium magnets drives the market. Industrial application including automobiles, electronics and others uses rare earth magnet due to its high tensile strength and magnetic stability which boost the market.

Global Neodymium Iron Boron (NdFeB) Magnet Market Segmentation

 

Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

Global Neodymium-Iron-Boron (NdFeB) Magnets Market is segmented based on product type, application, and region.

By Product Type, the Global Neodymium-Iron-Boron (NdFeB) Magnets Market is segmented into Bonded NdFeB Magnet, Sintered NdFeB Magnet and Others. By Application, the Global Neodymium-Iron-Boron (NdFeB) Magnets Market is segmented into Consumer Electronics, Automotive, healthcare, Energy-Mining and Others.

Regional Insights:

On region, the Global Neodymium-Iron-Boron (NdFeB) Magnets Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. China is the largest producer as well as consumer for this market due to availability of the raw material. Japan represents the second largest market for NdFeB followed by Europe and the USA because China provides a secure and economical supply of major raw materials as most of rare earth magnets manufacturers are in China.

 

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2030

Market Segmentation

By Product Type- Bonded NdFeB Magnet, Sintered NdFeB Magnet and Others.

By ApplicationConsumer Electronics, Automotive, healthcare, Energy-Mining and Others.

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented Global Neodymium-Iron-Boron (NdFeB) Magnets Market report based on product type, application, and region.

 

Global Neodymium-Iron-Boron (NdFeB) Magnets Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Neodymium Iron Boron (NdFeB) Magnet Market Key Players

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

Global Neodymium Iron Boron (NdFeB) Magnet Market Company Profile

  • Hitachi Metals
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ningbo Yunsheng
  • TDK
  •  Shougang Magnetic Material
  • MMC
  •  Jingci Magne
  •  Zhenfhai Magnetic
  •  Vacuumschmelze
  •  Tianhe Magnets

 “*” marked represents similar segmentation in other categories in the respective section

Global Neodymium Iron Boron (NdFeB) Magnet Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Global Neodymium-iron-boron (NdFeB) Magnet Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Neodymium-Iron-Boron (NdFeB) Magnets Market , By Product Type, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Bonded NdFeB Magnet
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Sintered NdFeB Magnet
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Neodymium-Iron-Boron (NdFeB) Magnets Market , By Application, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Consumer Electronics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Automotive
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Healthcare
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Energy-Mining
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030

 

  1. Global Neodymium-Iron-Boron (NdFeB) Magnets Market , By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  2. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  3. Company Profiles
  • Hitachi Metals
    • Company Overview
    • Product Portfolioa
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ningbo Yunsheng
  • TDK
  •  Shougang Magnetic Material
  • MMC
  •  Jingci Magne
  •  Zhenfhai Magnetic
  •  Vacuumschmelze
  •  Tianhe Magnets
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

Global Neodymium-Iron-Boron (NdFeB) Magnets Market is segmented based on product type, application, and region.

Rising initiatives by government bodies and increasing applications are the growth factors for this market

China represents the leading producer as well as consumer due to availability of raw materials. Hence, Asia-Pacific account the largest share of the market.