Market Overview:
The global Nd-Fe-B magnet 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 Nd-Fe-B magnets from various applications, such as electro-acoustic, electronic appliances, mechanical equipment and others. In terms of type, the bonding type segment is expected to hold a major share of the global Nd-Fe-B magnet market during the forecast period. This can be attributed to its high strength and low weight ratio as compared with other types of magnets.
Product Definition:
A neodymium-iron-boron (NdFeB) magnet is a type of rare earth magnet. It is made of an alloy of neodymium, iron and boron. NdFeB magnets are the strongest type of permanent magnets made.
Bonding Type:
Bonding type is a process of joining two or more metals by using an adhesive material. It's major application is in the electronics industry where it's used for soldering and welding purposes. Bonding type also has applications in medical, aerospace & defense, automotive industries etc., as it helps to connect two dissimilar metal surfaces which are not able to be joined by cold welding.
Sintering Type:
Sintering is a method used to produce magnetic particles on a metal surface by heating it above its Curie temperature. Sintered parts are used in applications such as hard disk drives, electric motors, and computer memory. The most commonly sintered materials include iron (Fe), cobalt (Co), nickel (Ni) and boron nitride (BN).
Application Insights:
Electro-acoustic application segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. This is attributed to increasing demand from various end-use industries including automotive, medical equipment, and telecommunication. The product has a high corrosion resistance which makes it suitable for use in electro-acoustic applications.
The electronic appliances segment also holds significant market share owing to rising demand from countries such as China, India and South Korea where income levels are relatively low but population is growing rapidly thus resulting in increased spending on consumer electronics goods including refrigerators/freezers, microwave ovens etcetera. Moreover, growth of residential construction sector across major economies coupled with increase of disposable income levels will further propel industry expansion over the next eight years.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for consumer electronics and automotive components. In addition, rising investments by domestic manufacturers in this region are likely to boost regional product demand over the coming years.
The growing manufacturing sector and rapid industrialization have resulted in an increased requirement of various magnetic materials across a broad range of industries including energy, transportation, construction, and others. This is projected to drive industry expansion over the next eight years.
North America accounted for a major share due to high production levels of automobiles as compared to other regions on account of lower costs associated with labor and raw material usage coupled with higher profit margins from exports or imports between regions; thus making it one of the most lucrative markets within its own continent as well as across international borders (i).
Growth Factors:
- Increasing demand from the automotive and electronics industries
- Growing popularity of electric vehicles
- Rising demand for renewable energy sources
- Technological advancements in the field of magnetism
- Growing awareness about the benefits of Nd-Fe-B magnets
Scope Of The Report
Report Attributes
Report Details
Report Title
Nd-Fe-B Magnet Market Research Report
By Type
Bonding Type, Sintering Type
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
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Nd-Fe-B Magnet Market Report Segments:
The global Nd-Fe-B Magnet market is segmented on the basis of:
Types
Bonding Type, Sintering 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
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 Nd-Fe-B 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:
- Bonding Type
- Sintering Type
- 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 Nd-Fe-B 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
- 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?
Nd-Fe-B magnets are a type of magnet made from an alloy of neodymium, iron, and boron. They have a high coercivity (the ability to resist being pulled away from its desired direction), which makes them good for use in hard drives and other magnetic storage devices.
Some of the major companies in the nd-fe-b 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 nd-fe-b magnet 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 Nd-Fe-B 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 Nd-Fe-B Magnet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nd-Fe-B 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 Nd-Fe-B 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 Nd-Fe-B Magnet Market Size & Forecast, 2018-2028
4.5.1 Nd-Fe-B Magnet Market Size and Y-o-Y Growth
4.5.2 Nd-Fe-B Magnet Market Absolute $ Opportunity
Chapter 5 Global Nd-Fe-B Magnet 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 Nd-Fe-B Magnet Market Size Forecast by Type
5.2.1 Bonding Type
5.2.2 Sintering Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Nd-Fe-B Magnet 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 Nd-Fe-B Magnet 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 Nd-Fe-B 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 Nd-Fe-B 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 Nd-Fe-B Magnet Analysis and Forecast
9.1 Introduction
9.2 North America Nd-Fe-B Magnet 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 Nd-Fe-B Magnet Market Size Forecast by Type
9.6.1 Bonding Type
9.6.2 Sintering 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 Nd-Fe-B Magnet 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 Nd-Fe-B Magnet Analysis and Forecast
10.1 Introduction
10.2 Europe Nd-Fe-B Magnet 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 Nd-Fe-B Magnet Market Size Forecast by Type
10.6.1 Bonding Type
10.6.2 Sintering 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 Nd-Fe-B Magnet 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 Nd-Fe-B Magnet Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nd-Fe-B Magnet 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 Nd-Fe-B Magnet Market Size Forecast by Type
11.6.1 Bonding Type
11.6.2 Sintering 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 Nd-Fe-B Magnet 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 Nd-Fe-B Magnet Analysis and Forecast
12.1 Introduction
12.2 Latin America Nd-Fe-B Magnet 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 Nd-Fe-B Magnet Market Size Forecast by Type
12.6.1 Bonding Type
12.6.2 Sintering 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 Nd-Fe-B Magnet 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) Nd-Fe-B Magnet Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nd-Fe-B Magnet 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) Nd-Fe-B Magnet Market Size Forecast by Type
13.6.1 Bonding Type
13.6.2 Sintering 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) Nd-Fe-B Magnet 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 Nd-Fe-B Magnet Market: Competitive Dashboard
14.2 Global Nd-Fe-B 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
