Market Overview:
The global hot-pressed 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 electric vehicles and rising demand for servo motors in various applications. Additionally, the growing demand for miniaturization of electronic devices is also contributing to the growth of this market. Some of the major players operating in this market are Hitachi Metals Ltd., TDK Corporation, Shin-Etsu Chemical Co., Ltd., and Nippon Magnetics Inc.
Product Definition:
A Hot-pressed Neodymium Iron Boron magnet is made by pressing neodymium, iron and boron powders into a desired shape. This type of magnet is stronger than traditional magnets and can be used in a variety of applications, including motors, medical devices and consumer electronics.
Isotropic:
Isootropic is a term used for materials that have the same molecular structure throughout. Isotropic materials are non-oriented and do not differ in terms of their physical properties such as strength, heat resistance or stiffness, electrical resistivity or permeability. Isootropes are widely used in applications where high thermal stability is required with limited flexibility is required such as automotive parts and electronics cooling fans among others.
Anisotropy:
Anisotropy is the degree of Magnetism in a substance, which is different for each direction. In Neodymium-iron-boron (NdFeB) magnets, the anisotropy energy has been increased to such an extent that they can be made extremely powerful but are still weak compared to permanent Magnets.
Application Insights:
The electric tool motor segment accounted for the largest revenue share of over 30% in 2017. The growth can be attributed to the increasing demand from various industrial applications including construction, automotive and electronics. Electric tools such as nail guns, drills and saws are highly dependent on neodymium magnets for their operation; hence, the product is expected to remain a key component in numerous electric tools over the forecast period.
Neodymium magnets have a high strength that enables them to operate successfully at low temperatures without undergoing demagnetization or exhibiting any other form of failure. This property has led to their use in motors that require minimal maintenance and maximum efficiency across all operating temperatures which includes automobile motors (servo motors), industrial machinery drives (AC/DC) along with consumer products such as refrigerators and washing machines among others.
Regional Analysis:
Asia Pacific dominated the global hot-pressed neodymium iron boron magnets market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand in China, India, Japan, South Korea and Taiwan. The increasing use of NdFeB products due to their excellent properties such as high magnetic field strength (MHF), low saturation magnetization (SSM) are responsible for regional market growth.
The growing automotive industry coupled with rapid industrialization across Asia Pacific is projected to provide a significant boost to the product demand over the next eight years. Furthermore, favorable government policies promoting domestic manufacturing activities along with heavy investments by foreign players in emerging economies are anticipated to further drive regional market development over the coming years.
Europe was estimated as being second largest after Asia Pacific by revenue generation owing both consumption.
Growth Factors:
- Increasing demand from the automotive industry for fuel-efficient and lightweight vehicles
- Growing popularity of electric vehicles and hybrid cars
- Rising demand for consumer electronics and home appliances
- Proliferation of the Internet of Things (IoT) and increasing adoption of robotics in manufacturing industries
- Growing awareness about the benefits of using neodymium iron boron magnets over other types of magnets
Scope Of The Report
Report Attributes
Report Details
Report Title
Hot-pressed Neodymium Iron Boron Magnets Market Research Report
By Type
Isotropic, Anisotropy
By Application
Car Motor, Servo Motor, Electric Tool Motor, Others
By Companies
Galaxy Magnets, DAIDO ELECTRONICS, Tridelta
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
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Hot-pressed Neodymium Iron Boron Magnets Market Report Segments:
The global Hot-pressed Neodymium Iron Boron Magnets market is segmented on the basis of:
Types
Isotropic, Anisotropy
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
Car Motor, Servo Motor, Electric Tool Motor, 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:
- Galaxy Magnets
- DAIDO ELECTRONICS
- Tridelta
Highlights of The Hot-pressed 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:
- Isotropic
- Anisotropy
- By Application:
- Car Motor
- Servo Motor
- Electric Tool Motor
- 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 Hot-pressed 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?
Hot-pressed neodymium iron boron magnets are made by pressing a thin sheet of neodymium and iron together at high temperatures. This creates a strong magnet that can hold its own against other magnets.
Some of the major companies in the hot-pressed neodymium iron boron magnets market are Galaxy Magnets, DAIDO ELECTRONICS, Tridelta.
The hot-pressed neodymium iron boron 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 Hot-pressed 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 Hot-pressed Neodymium Iron Boron Magnets Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Hot-pressed 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 Hot-pressed 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 Hot-pressed Neodymium Iron Boron Magnets Market Size & Forecast, 2018-2028 4.5.1 Hot-pressed Neodymium Iron Boron Magnets Market Size and Y-o-Y Growth 4.5.2 Hot-pressed Neodymium Iron Boron Magnets Market Absolute $ Opportunity
Chapter 5 Global Hot-pressed Neodymium Iron Boron 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 Hot-pressed Neodymium Iron Boron Magnets Market Size Forecast by Type
5.2.1 Isotropic
5.2.2 Anisotropy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hot-pressed Neodymium Iron Boron 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 Hot-pressed Neodymium Iron Boron Magnets Market Size Forecast by Applications
6.2.1 Car Motor
6.2.2 Servo Motor
6.2.3 Electric Tool Motor
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hot-pressed 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 Hot-pressed 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 Hot-pressed Neodymium Iron Boron Magnets Analysis and Forecast
9.1 Introduction
9.2 North America Hot-pressed Neodymium Iron Boron 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 Hot-pressed Neodymium Iron Boron Magnets Market Size Forecast by Type
9.6.1 Isotropic
9.6.2 Anisotropy
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 Hot-pressed Neodymium Iron Boron Magnets Market Size Forecast by Applications
9.10.1 Car Motor
9.10.2 Servo Motor
9.10.3 Electric Tool Motor
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 Hot-pressed Neodymium Iron Boron Magnets Analysis and Forecast
10.1 Introduction
10.2 Europe Hot-pressed Neodymium Iron Boron 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 Hot-pressed Neodymium Iron Boron Magnets Market Size Forecast by Type
10.6.1 Isotropic
10.6.2 Anisotropy
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 Hot-pressed Neodymium Iron Boron Magnets Market Size Forecast by Applications
10.10.1 Car Motor
10.10.2 Servo Motor
10.10.3 Electric Tool Motor
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 Hot-pressed Neodymium Iron Boron Magnets Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hot-pressed Neodymium Iron Boron 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 Hot-pressed Neodymium Iron Boron Magnets Market Size Forecast by Type
11.6.1 Isotropic
11.6.2 Anisotropy
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 Hot-pressed Neodymium Iron Boron Magnets Market Size Forecast by Applications
11.10.1 Car Motor
11.10.2 Servo Motor
11.10.3 Electric Tool Motor
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 Hot-pressed Neodymium Iron Boron Magnets Analysis and Forecast
12.1 Introduction
12.2 Latin America Hot-pressed Neodymium Iron Boron 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 Hot-pressed Neodymium Iron Boron Magnets Market Size Forecast by Type
12.6.1 Isotropic
12.6.2 Anisotropy
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 Hot-pressed Neodymium Iron Boron Magnets Market Size Forecast by Applications
12.10.1 Car Motor
12.10.2 Servo Motor
12.10.3 Electric Tool Motor
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) Hot-pressed Neodymium Iron Boron Magnets Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hot-pressed Neodymium Iron Boron 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) Hot-pressed Neodymium Iron Boron Magnets Market Size Forecast by Type
13.6.1 Isotropic
13.6.2 Anisotropy
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) Hot-pressed Neodymium Iron Boron Magnets Market Size Forecast by Applications
13.10.1 Car Motor
13.10.2 Servo Motor
13.10.3 Electric Tool Motor
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 Hot-pressed Neodymium Iron Boron Magnets Market: Competitive Dashboard
14.2 Global Hot-pressed Neodymium Iron Boron Magnets Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Galaxy Magnets
14.3.2 DAIDO ELECTRONICS
14.3.3 Tridelta