Market Overview:
The global high-performance NdFeB permanent magnets market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for high-performance NdFeB permanent magnets in various applications, such as permanent magnet motors, disk drives, compressors and sensors, household appliances, magnetic resonance imaging (MRI) equipment, and others. Asia Pacific is expected to be the fastest growing region during the forecast period.
Product Definition:
A high-performance NdFeB permanent magnet is made from an alloy of neodymium, iron and boron. It is important in a wide range of applications, including motors, generators and loudspeakers.
Bonded NdFeB Magnets:
Bonded NdFeB magnets are made by mixing neodymium with iron, cobalt and barium. These magnets can be used in applications such as hard drives, computers, electric motors and loudspeakers. The growth factor in high-performance NdFeB permanent magnets market is the raw material cost of neodymium (Nd), iron (Fe), cobalt (Co) and barium (Ba).
Sintered NdFeB Magnets:
Sintered NdFeB magnets are made from powder mixture of NdFeB, which is a high-performance rare earth magnet. These magnets have properties such as high corrosion resistance, excellent thermal stability and low hysteresis loss. Sintered magnets are used in applications where magnetic properties such as strength and corrosion resistance along with low hysteresis loss is required.
Application Insights:
The permanent magnet motor application segment accounted for the largest revenue share of over 40% in 2017. The segment is projected to witness significant growth over the forecast period owing to its rising adoption in various applications including electric motors, generators, and pumps. Electric motors are expected to be the fastest-growing application segment due to increasing demand for high efficiency electric motors across various industries such as automotive and construction.
Permanent magnet motor is used as a substitute for standard iron-based electromagnets because they have higher energy density, operate at lower temperatures, produce less heat than their counterparts. This makes them suitable for use in harsh industrial environments where temperature control is crucial - an important factor when it comes time to choosing between a standard iron-based electromagnet or a permanent magnet based one.
The household appliances category was valued at USD 544 million in 2017 owing to growing usage of high-performance ndFeB magnets in refrigerators.
Regional Analysis:
Asia Pacific dominated the global high-performance NdFeB permanent magnets market in terms of revenue with a share of over 40.0% in 2017. This is attributed to increasing demand for energy-efficient products along with rising industrialization and modernization. The region is expected to witness significant growth over the forecast period owing to growing product demand from various end-use industries such as automotive, consumer electronics, industrial machinery, and others.
The presence of key manufacturers such as Sumitomo Electric (Japan), Hyundai Heavy Industries (South Korea), and Sifang Mining Machinery Co., Ltd (China) has resulted in high production volume which will drive the regional market further.
Growth Factors:
- Increasing demand from the automotive industry for high-performance NdFeB permanent magnets is expected to drive the market growth.
- Growing demand for electric vehicles is also anticipated to fuel the market growth over the forecast period.
- Rising investments in research and development activities for developing new applications of high-performance NdFeB permanent magnets is another key factor that would propel market growth.
- Rapid industrialization and urbanization in emerging economies are expected to create lucrative opportunities for the market players over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
High-performance NdFeB Permanent Magnets Market Research Report
By Type
Bonded NdFeB Magnets, Sintered NdFeB Magnets
By Application
Permanent Magnet Motor, Disk Drive, Compressor and Sensor, Household Appliances, Magnetic Resonance Imaging (MRI) Equipment, Others
By Companies
Neo Performance Materials, Ugimag, Audemars Group, Nippon Steel, TDK, Daido Steel, Shin-Etsu Chemical, Hitachi Metals, Ta Tong Magnet, Chengdu Galaxy Magnets, Beijing Zhong Ke San Huan High-Tech, Ningbo Co-star Materials Hi-tech, DEMGC, Jingci Material Science, Earth-Panda Advance Magnetic Material, Baotou Tianhe Magnetics Technology, Guangzhou Golden South Magnetic Material, Jiangxi Yingguang Magnet, Ningbo Yunsheng
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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global High-performance NdFeB Permanent Magnets Market Report Segments:
The global High-performance NdFeB Permanent Magnets market is segmented on the basis of:
Types
Bonded NdFeB Magnets, Sintered NdFeB Magnets
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
Permanent Magnet Motor, Disk Drive, Compressor and Sensor, Household Appliances, Magnetic Resonance Imaging (MRI) 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:
- Neo Performance Materials
- Ugimag
- Audemars Group
- Nippon Steel
- TDK
- Daido Steel
- Shin-Etsu Chemical
- Hitachi Metals
- Ta Tong Magnet
- Chengdu Galaxy Magnets
- Beijing Zhong Ke San Huan High-Tech
- Ningbo Co-star Materials Hi-tech
- DEMGC
- Jingci Material Science
- Earth-Panda Advance Magnetic Material
- Baotou Tianhe Magnetics Technology
- Guangzhou Golden South Magnetic Material
- Jiangxi Yingguang Magnet
- Ningbo Yunsheng
Highlights of The High-performance NdFeB Permanent 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:
- Bonded NdFeB Magnets
- Sintered NdFeB Magnets
- By Application:
- Permanent Magnet Motor
- Disk Drive
- Compressor and Sensor
- Household Appliances
- Magnetic Resonance Imaging (MRI) 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 High-performance NdFeB Permanent 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 NdFeB permanent magnets are made of a rare earth metal and a ferromagnetic material. The rare earth metal is responsible for the strong magnetic properties, while the ferromagnetic material provides the stability and durability.
Some of the major players in the high-performance ndfeb permanent magnets market are Neo Performance Materials, Ugimag, Audemars Group, Nippon Steel, TDK, Daido Steel, Shin-Etsu Chemical, Hitachi Metals, Ta Tong Magnet, Chengdu Galaxy Magnets, Beijing Zhong Ke San Huan High-Tech, Ningbo Co-star Materials Hi-tech, DEMGC, Jingci Material Science, Earth-Panda Advance Magnetic Material, Baotou Tianhe Magnetics Technology, Guangzhou Golden South Magnetic Material, Jiangxi Yingguang Magnet, Ningbo Yunsheng.
The high-performance ndfeb permanent magnets 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 High-performance NdFeB Permanent 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 NdFeB Permanent Magnets Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High-performance NdFeB Permanent 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 NdFeB Permanent 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 NdFeB Permanent Magnets Market Size & Forecast, 2018-2028
4.5.1 High-performance NdFeB Permanent Magnets Market Size and Y-o-Y Growth
4.5.2 High-performance NdFeB Permanent Magnets Market Absolute $ Opportunity
Chapter 5 Global High-performance NdFeB Permanent Magnets 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 High-performance NdFeB Permanent Magnets Market Size Forecast by Type
5.2.1 Bonded NdFeB Magnets
5.2.2 Sintered NdFeB Magnets
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High-performance NdFeB Permanent Magnets 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 High-performance NdFeB Permanent Magnets Market Size Forecast by Applications
6.2.1 Permanent Magnet Motor
6.2.2 Disk Drive
6.2.3 Compressor and Sensor
6.2.4 Household Appliances
6.2.5 Magnetic Resonance Imaging (MRI) Equipment
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High-performance NdFeB Permanent 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 NdFeB Permanent 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 High-performance NdFeB Permanent Magnets Analysis and Forecast
9.1 Introduction
9.2 North America High-performance NdFeB Permanent Magnets 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 High-performance NdFeB Permanent Magnets Market Size Forecast by Type
9.6.1 Bonded NdFeB Magnets
9.6.2 Sintered NdFeB Magnets
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 High-performance NdFeB Permanent Magnets Market Size Forecast by Applications
9.10.1 Permanent Magnet Motor
9.10.2 Disk Drive
9.10.3 Compressor and Sensor
9.10.4 Household Appliances
9.10.5 Magnetic Resonance Imaging (MRI) Equipment
9.10.6 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 High-performance NdFeB Permanent Magnets Analysis and Forecast
10.1 Introduction
10.2 Europe High-performance NdFeB Permanent Magnets 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 High-performance NdFeB Permanent Magnets Market Size Forecast by Type
10.6.1 Bonded NdFeB Magnets
10.6.2 Sintered NdFeB Magnets
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 High-performance NdFeB Permanent Magnets Market Size Forecast by Applications
10.10.1 Permanent Magnet Motor
10.10.2 Disk Drive
10.10.3 Compressor and Sensor
10.10.4 Household Appliances
10.10.5 Magnetic Resonance Imaging (MRI) Equipment
10.10.6 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 High-performance NdFeB Permanent Magnets Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High-performance NdFeB Permanent Magnets 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 High-performance NdFeB Permanent Magnets Market Size Forecast by Type
11.6.1 Bonded NdFeB Magnets
11.6.2 Sintered NdFeB Magnets
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 High-performance NdFeB Permanent Magnets Market Size Forecast by Applications
11.10.1 Permanent Magnet Motor
11.10.2 Disk Drive
11.10.3 Compressor and Sensor
11.10.4 Household Appliances
11.10.5 Magnetic Resonance Imaging (MRI) Equipment
11.10.6 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 High-performance NdFeB Permanent Magnets Analysis and Forecast
12.1 Introduction
12.2 Latin America High-performance NdFeB Permanent Magnets 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 High-performance NdFeB Permanent Magnets Market Size Forecast by Type
12.6.1 Bonded NdFeB Magnets
12.6.2 Sintered NdFeB Magnets
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 High-performance NdFeB Permanent Magnets Market Size Forecast by Applications
12.10.1 Permanent Magnet Motor
12.10.2 Disk Drive
12.10.3 Compressor and Sensor
12.10.4 Household Appliances
12.10.5 Magnetic Resonance Imaging (MRI) Equipment
12.10.6 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) High-performance NdFeB Permanent Magnets Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High-performance NdFeB Permanent Magnets 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) High-performance NdFeB Permanent Magnets Market Size Forecast by Type
13.6.1 Bonded NdFeB Magnets
13.6.2 Sintered NdFeB Magnets
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) High-performance NdFeB Permanent Magnets Market Size Forecast by Applications
13.10.1 Permanent Magnet Motor
13.10.2 Disk Drive
13.10.3 Compressor and Sensor
13.10.4 Household Appliances
13.10.5 Magnetic Resonance Imaging (MRI) Equipment
13.10.6 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 High-performance NdFeB Permanent Magnets Market: Competitive Dashboard
14.2 Global High-performance NdFeB Permanent Magnets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Neo Performance Materials
14.3.2 Ugimag
14.3.3 Audemars Group
14.3.4 Nippon Steel
14.3.5 TDK
14.3.6 Daido Steel
14.3.7 Shin-Etsu Chemical
14.3.8 Hitachi Metals
14.3.9 Ta Tong Magnet
14.3.10 Chengdu Galaxy Magnets
14.3.11 Beijing Zhong Ke San Huan High-Tech
14.3.12 Ningbo Co-star Materials Hi-tech
14.3.13 DEMGC
14.3.14 Jingci Material Science
14.3.15 Earth-Panda Advance Magnetic Material
14.3.16 Baotou Tianhe Magnetics Technology
14.3.17 Guangzhou Golden South Magnetic Material
14.3.18 Jiangxi Yingguang Magnet
14.3.19 Ningbo Yunsheng
