Market Overview:
The global high performance neodymium iron boron magnets market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high performance neodymium iron boron magnets from various applications, such as the automobile industry, home appliance industry, computer and office equipment, consumer electronics, energy sector and industrial applications.
Product Definition:
High Performance Neodymium Iron Boron Magnets are a type of rare earth magnet that is made from an alloy of neodymium, iron, and boron. They are often used in high-performance applications where strong magnetic fields are required.
Sintered Type:
Sintered type is a method of manufacturing high performance neodymium iron boron (NdFeB) magnets by using powdered material to generate required shape under high temperature and pressure. NdFeB permanent magnetic materials are widely used in consumer electronics, automotive, aerospace & defense applications.
Bonded Type:
Bonded type is a method used to combine two or more magnetic materials into a single laminar sheet. The technique involves gluing the pieces together with epoxy resin and then coating them with zinc. This process allows for economical production of high-quality neodymium iron boron magnets, which are widely used in applications such as hard disk drives, computer memory, and consumer electronics devices such as smartphones and tablets.
Application Insights:
Automotive application segment accounted for the largest share of more than 30% in 2017. The global demand for HNIB magnets is expected to witness significant growth on account of increasing applications in various automotive components such as engine, transmission, and drive shafts. Moreover, the rising need for lightweight materials with high strength boron content has resulted in increased usage of neodymium iron boron magnets.
The growing adoption of electric vehicles is expected to augment market growth over the forecast period owing to its ability to reduce greenhouse gas emissions by up to 80%. The increasing government subsidies are also anticipated fuel consumer interest thereby driving product demand over the next eight years. However, stringent regulations regarding vehicle weight and powertrain composition may pose a challenge before 2025 which may result in reduced penetration rate compared with 2016-17 levels.
The home appliances industry was one of the major application segments that witnessed considerable growth from 2014-2016 due largelyto increased use products such as refrigerators.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing product demand in China and India. Neodymium iron boron magnets (NdFeB) are used in electric vehicles for motor and battery cooling applications, which results in high demand from countries such as China, Japan, South Korea, and India.
The growing manufacturing sector across these developing nations coupled with rising foreign investments has resulted in an increased application of neodymium iron boron magnets across various industries including automotive, consumer appliances & electronics along with industrial applications such as wind energy generation and water treatment plants among others.
Growth Factors:
- Increasing demand from the automotive and electronics industries
- Growing popularity of electric vehicles
- Rising demand for renewable energy sources
- Technological advancements in neodymium iron boron magnets manufacturing process
- Growing awareness about the benefits of high performance neodymium iron boron magnets
Scope Of The Report
Report Attributes
Report Details
Report Title
High Performance Neodymium Iron Boron Magnets Market Research Report
By Type
Sintered Type, Bonded Type
By Application
Automobile Industry, Home Appliance Industry, Computer and Office Equipment, Consumer Electronics, Energy, Industrial Application
By Companies
Hitachi Metals Group, Shin-Etsu, TDK, VAC, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, JL MAG, Zhmag, Earth- Panda
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global High Performance Neodymium Iron Boron Magnets Market Report Segments:
The global High Performance Neodymium Iron Boron Magnets market is segmented on the basis of:
Types
Sintered Type, Bonded Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile Industry, Home Appliance Industry, Computer and Office Equipment, Consumer Electronics, Energy, Industrial Application
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hitachi Metals Group
- Shin-Etsu
- TDK
- VAC
- Beijing Zhong Ke San Huan Hi-Tech
- Yunsheng Company
- JL MAG
- Zhmag
- Earth- Panda
Highlights of The High Performance Neodymium Iron Boron Magnets Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sintered Type
- Bonded Type
- By Application:
- Automobile Industry
- Home Appliance Industry
- Computer and Office Equipment
- Consumer Electronics
- Energy
- Industrial Application
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Performance Neodymium Iron Boron Magnets Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High Performance Neodymium Iron Boron Magnets are made of neodymium, iron and boron. They have a high performance because they are strong and can hold a lot of weight.
Some of the key players operating in the high performance neodymium iron boron magnets market are Hitachi Metals Group, Shin-Etsu, TDK, VAC, Beijing Zhong Ke San Huan Hi-Tech, Yunsheng Company, JL MAG, Zhmag, Earth- Panda.
The high performance neodymium iron boron magnets market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Performance Neodymium Iron Boron Magnets Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 High Performance Neodymium Iron Boron Magnets Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 High Performance Neodymium Iron Boron Magnets Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the High Performance Neodymium Iron Boron Magnets Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global High Performance Neodymium Iron Boron Magnets Market Size & Forecast, 2020-2028 4.5.1 High Performance Neodymium Iron Boron Magnets Market Size and Y-o-Y Growth 4.5.2 High Performance Neodymium Iron Boron Magnets Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Sintered Type
5.2.2 Bonded Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automobile Industry
6.2.2 Home Appliance Industry
6.2.3 Computer and Office Equipment
6.2.4 Consumer Electronics
6.2.5 Energy
6.2.6 Industrial Application
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Performance Neodymium Iron Boron Magnets Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Performance Neodymium Iron Boron Magnets Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Sintered Type
9.6.2 Bonded Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automobile Industry
9.10.2 Home Appliance Industry
9.10.3 Computer and Office Equipment
9.10.4 Consumer Electronics
9.10.5 Energy
9.10.6 Industrial Application
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Sintered Type
10.6.2 Bonded Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automobile Industry
10.10.2 Home Appliance Industry
10.10.3 Computer and Office Equipment
10.10.4 Consumer Electronics
10.10.5 Energy
10.10.6 Industrial Application
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Sintered Type
11.6.2 Bonded Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automobile Industry
11.10.2 Home Appliance Industry
11.10.3 Computer and Office Equipment
11.10.4 Consumer Electronics
11.10.5 Energy
11.10.6 Industrial Application
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Sintered Type
12.6.2 Bonded Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automobile Industry
12.10.2 Home Appliance Industry
12.10.3 Computer and Office Equipment
12.10.4 Consumer Electronics
12.10.5 Energy
12.10.6 Industrial Application
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Sintered Type
13.6.2 Bonded Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automobile Industry
13.10.2 Home Appliance Industry
13.10.3 Computer and Office Equipment
13.10.4 Consumer Electronics
13.10.5 Energy
13.10.6 Industrial Application
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Performance Neodymium Iron Boron Magnets Market: Competitive Dashboard
14.2 Global High Performance Neodymium Iron Boron Magnets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hitachi Metals Group
14.3.2 Shin-Etsu
14.3.3 TDK
14.3.4 VAC
14.3.5 Beijing Zhong Ke San Huan Hi-Tech
14.3.6 Yunsheng Company
14.3.7 JL MAG
14.3.8 Zhmag
14.3.9 Earth- Panda