Market Overview:
The global neodymium magnet market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for neodymium magnets from various applications, such as electro-acoustic, electronic appliances, mechanical equipment, and others. In terms of type, the m type segment is expected to hold a major share of the global neodymium magnet market during the forecast period. However, in terms of CAGR, the SH type segment is projected to grow at a higher rate than other segments during the forecast period.
Product Definition:
A bonding neodymium magnet is a type of permanent magnet made from an alloy of neodymium, iron and boron. Bonding neodymium magnets are the strongest type of permanent magnet currently available and are used in a wide variety of applications, including motors, generators, speakers and microphones.
M Type:
M type is a new term used in neodymium magnet market. It's important to know that M-type is different from NdFeB type as they have different compositions and structures. The composition of NdFeB has iron at the center with rare earths around it, while M-type has rare earths around an iron core.
The composition of neodymium, samarium.
H Type:
H type is one of the important types used in bonding neodymium magnet market. It has a thickness of 0.3 - 1.0 mm and width ranging from 2 - 3 mm depending on the application requirements such as automotive, consumer electronics, medical equipment and others.
Application Insights:
Electro-acoustic applications dominated the global neodymium bonding magnet market in terms of revenue share in 2017. This is attributed to rising usage of speakers and headphones that use neodymium magnets for efficient sound reproduction. In addition, growing demand for high power speakers and headphones is expected to drive the segment over the forecast period.
The electronic appliances segment is also estimated to witness significant growth during the study period owing to increasing demand for refrigerators, washing machines, dryers among other electrical appliances from developing countries such as India and China. The Middle East & Africa region has a promising market potential due to rise in disposable income coupled with rapid urbanization which will positively impact product consumption over next seven years.
Neodymium magnets are used extensively across various mechanical equipment applications including construction equipment, earthmoving machinery, agricultural machinery.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing use of neodymium magnets in loudspeakers, headphones, and other electronic appliances. In addition, growing number of wind farms in U.S., Canada and Mexico is anticipated to drive industry expansion over the next eight years.
Asia Pacific is estimated to be fastest-growing regional market from 2018 to 2030 due to rapid industrialization along with rising government initiatives for manufacturing vehicles using lightweight materials such as neodymium magnetite (NdFeB) powder metal that are economical.
Growth Factors:
- Increasing demand from end-use industries: The bonding neodymium magnet market is witnessing a rise in demand from end-use industries such as automotive, consumer electronics, and medical devices. This is owing to the superior properties of these magnets over other types of magnets.
- Growing popularity of electric vehicles: The global market for electric vehicles is expanding at a rapid pace and this is expected to drive the demand for bonding neodymium magnets in the coming years. These magnets are used extensively in electric vehicles for various applications such as power steering, motor control, and battery packs.
- Rising investments in research and development: Key players operating in the bonding neodymium magnet market are investing heavily in research and development activities to develop new products that can cater to the needs of different end-use industries. This is likely to boost the growth of this market during the forecast period.
- Technological advancements: The advent of new technologies has led to significant improvements in manufacturing processes for bonding neodymium magnets, which has resulted in lower production costs and improved product quality. This is likely to benefit the growth prospects of this market during the forecast period . 5) Growing awareness about benefits offered by these magnets: There has been a growing awareness aboutthe benefits offered by bonding neodymiummagnets among consumers across different regions worldwide .Thisis expectedto fuelthegrowthofthemarketinthecomingyears
Scope Of The Report
Report Attributes
Report Details
Report Title
Bonding Neodymium Magnet Market Research Report
By Type
M Type, H Type, SH Type, Others
By Application
Electro-Acoustic, Electronic Appliances, Mechanical Equipment, Others
By Companies
Hitachi Metals, Shin-Etsu, TDK, VAC, Zhong Ke San Huan, Yunsheng Company, Yantai Shougang Magnetic Materials, JL MAG, ZHmag, Advanced Technology and Materials, Innuovo Magnetics, Galaxy Magnetic, Zhongyuan Magnetic, Earth- Panda, Magsuper
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Bonding Neodymium Magnet Market Report Segments:
The global Bonding Neodymium Magnet market is segmented on the basis of:
Types
M Type, H Type, SH Type, Others
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
Electro-Acoustic, Electronic Appliances, Mechanical Equipment, Others
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
- Shin-Etsu
- TDK
- VAC
- Zhong Ke San Huan
- Yunsheng Company
- Yantai Shougang Magnetic Materials
- JL MAG
- ZHmag
- Advanced Technology and Materials
- Innuovo Magnetics
- Galaxy Magnetic
- Zhongyuan Magnetic
- Earth- Panda
- Magsuper
Highlights of The Bonding Neodymium Magnet 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:
- M Type
- H Type
- SH Type
- Others
- By Application:
- Electro-Acoustic
- Electronic Appliances
- Mechanical Equipment
- Others
- 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 Bonding Neodymium Magnet 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
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- Product & Brand Management
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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?
Bonding neodymium magnets is a process of permanently joining two or more neodymium magnets together. This creates a stronger magnet that can hold more weight.
Some of the key players operating in the bonding neodymium magnet market are Hitachi Metals, Shin-Etsu, TDK, VAC, Zhong Ke San Huan, Yunsheng Company, Yantai Shougang Magnetic Materials, JL MAG, ZHmag, Advanced Technology and Materials, Innuovo Magnetics, Galaxy Magnetic, Zhongyuan Magnetic, Earth- Panda, Magsuper.
The bonding neodymium magnet market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bonding Neodymium Magnet 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 Bonding Neodymium Magnet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bonding Neodymium Magnet 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 Bonding Neodymium Magnet 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 Bonding Neodymium Magnet Market Size & Forecast, 2020-2028
4.5.1 Bonding Neodymium Magnet Market Size and Y-o-Y Growth
4.5.2 Bonding Neodymium Magnet 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 M Type
5.2.2 H Type
5.2.3 SH Type
5.2.4 Others
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 Electro-Acoustic
6.2.2 Electronic Appliances
6.2.3 Mechanical Equipment
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bonding Neodymium Magnet 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 Bonding Neodymium Magnet 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 M Type
9.6.2 H Type
9.6.3 SH Type
9.6.4 Others
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 Electro-Acoustic
9.10.2 Electronic Appliances
9.10.3 Mechanical Equipment
9.10.4 Others
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 M Type
10.6.2 H Type
10.6.3 SH Type
10.6.4 Others
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 Electro-Acoustic
10.10.2 Electronic Appliances
10.10.3 Mechanical Equipment
10.10.4 Others
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 M Type
11.6.2 H Type
11.6.3 SH Type
11.6.4 Others
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 Electro-Acoustic
11.10.2 Electronic Appliances
11.10.3 Mechanical Equipment
11.10.4 Others
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 M Type
12.6.2 H Type
12.6.3 SH Type
12.6.4 Others
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 Electro-Acoustic
12.10.2 Electronic Appliances
12.10.3 Mechanical Equipment
12.10.4 Others
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 M Type
13.6.2 H Type
13.6.3 SH Type
13.6.4 Others
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 Electro-Acoustic
13.10.2 Electronic Appliances
13.10.3 Mechanical Equipment
13.10.4 Others
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 Bonding Neodymium Magnet Market: Competitive Dashboard
14.2 Global Bonding Neodymium Magnet Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hitachi Metals
14.3.2 Shin-Etsu
14.3.3 TDK
14.3.4 VAC
14.3.5 Zhong Ke San Huan
14.3.6 Yunsheng Company
14.3.7 Yantai Shougang Magnetic Materials
14.3.8 JL MAG
14.3.9 ZHmag
14.3.10 Advanced Technology and Materials
14.3.11 Innuovo Magnetics
14.3.12 Galaxy Magnetic
14.3.13 Zhongyuan Magnetic
14.3.14 Earth- Panda
14.3.15 Magsuper
