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. 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
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 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.
Neodymium Iron Boron (NdFeB) Magnet Market Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2020 |
|
Forecast period |
2020 – 2030 |
|
Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
|
Market Segmentation |
By Product Type- Bonded NdFeB Magnet, Sintered NdFeB Magnet and Others. By Application– Consumer 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.
Neodymium-Iron-Boron (NdFeB) Magnets Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- 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
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- 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
- Market Preview
- 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
- 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
- Market Dynamics
- Market Segmentation, By Product Type, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Bonded NdFeB Magnet
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Sintered NdFeB Magnet
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Application, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Consumer Electronics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Automotive
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Healthcare
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Energy-Mining
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Market, By Region, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- 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
- The Last Word
- Future Impact
- About Us
- Contact
Global Neodymium Iron Boron (NdFeB) Magnet Market Highlights
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.