NdFeB Market is anticipated to reach US$ 7824.3 million, witnessing a CAGR of 2.9% during the forecast period 2024-2030 | Key Players: TDK, VAC, YSM, JL MAG, ZHmag, AT&M, NBJJ, Innuovo Magnetics, SGM

NdFeB Market is anticipated to reach US$ 7824.3 million, witnessing a CAGR of 2.9% during the forecast period 2024-2030 | Key Players: TDK, VAC, YSM, JL MAG, ZHmag, AT&M, NBJJ, Innuovo Magnetics, SGM
Growing Demand for Permanent Magnets Boosts NdFeB Market
Delve into the NdFeB Market, anticipated to reach $7824.3 million by 2030, with a 2.9% CAGR driven by the increasing demand for permanent magnets. Explore key factors shaping market growth.

Synopsis

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. They have replaced other types of magnets in the many applications in modern products that require strong permanent magnets, such as motors in cordless tools, hard disk drives and magnetic fasteners.

The global NdFeB Market was valued at US$ 6390 million in 2023 and is anticipated to reach US$ 7824.3 million by 2030, witnessing a CAGR of 2.9% during the forecast period 2024-2030.

Global NdFeB key players include Zhong Ke San Huan, Hitachi Metals, JL MAG, etc. Global top three manufacturers hold a share about 10%.China is the largest market, with a share over 85%, followed by Japan, and Europe, both have a share about 10 percent.

In terms of product, Sintered Nd-Fe-B Magnet is the largest segment, with a share over 85%. And in terms of application, the largest application is Computer, followed by Auto Industrial, Office Automation Equipment, Electronic Industrial, etc.

This report aims to provide a comprehensive presentation of the global market for NdFeB, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding NdFeB.

Report Scope

The NdFeB market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global NdFeB market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the NdFeB manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

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Market Segmentation

By Company

  • Hitachi Metals
  • Shin-Etsu
  • TDK
  • VAC
  • Zhong Ke San Huan
  • Yunsheng Company
  • YSM
  • JL MAG
  • ZHmag
  • Jingci Material Science
  • AT&M
  • NBJJ
  • Innuovo Magnetics
  • SGM
  • Galaxy Magnetic
  • Zhongyuan Magnetic
  • Earth- Panda
  • Magsuper

 

Segment by Type

  • Sintered Nd-Fe-B Magnet
  • Bonded Nd-Fe-B Magnets
  • Hot Pressed NdFeB Magnets

 

Segment by Application

  • Computer
  • Electronic Industrial
  • Office Automation Equipment
  • Auto Industrial
  • Other

 

Production by Region

  • North America
  • Europe
  • China
  • Japan

 

Consumption by Region

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
  • South America (Brazil, Argentina, Colombia, and Rest of South America)
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

 

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Detailed analysis of NdFeB manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Production/output, value of NdFeB by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 4: Consumption of NdFeB in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.

Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: The main points and conclusions of the report.

Read More Related Research Reports:

NdFeB Magnets Market: https://www.themarketreports.com/report/global-ndfeb-magnets-market-research-report

NdFeB Permanent Magnets Market: https://www.themarketreports.com/report/global-ndfeb-permanent-magnets-market-research-report

NdFeB Bonded Magnet Market: https://www.themarketreports.com/report/global-ndfeb-bonded-magnet-market-research-report

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