Market Overview:
The global 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 consumer electronics and industrial motors, and rising awareness about energy-saving appliances. Asia Pacific is expected to be the fastest-growing region during the forecast period, followed by Europe.
 Industry Outlook.svg)
Product Definition:
NdFeB Permanent Magnets (Neodymium-iron-boron) are a type of permanent magnet made from an alloy of neodymium, iron, and boron. They are the strongest type of permanent magnet currently available and are used in a wide variety of applications including electric motors, speakers, microphones, wind turbines, and sensors.
Sintered NdFeB Magnet:
Sintered NdFeB magnets are made from pure iron, boron and neodymium. These magnets can be used in applications such as hard disk drives, electric motors and consumer electronics. The sintered NdFeB magnet market is expected to grow at a significant rate owing to the increasing demand for permanent Neodymium-iron-boron (NdFeB) magnets in these end-use industries.
Bonded NdFeB Magnet:
Bonded NdFeB magnet is a type of high-grade permanent magnet, which consists of two parts: iron-boron (FeB) core and neodymium metal (Nd). The product has the ability to retain its magnetic properties at extremely low temperatures. As a result, it can be used in applications where other magnets would normally liquefy.
Application Insights:
The global demand for the product has witnessed a paradigm shift due to rising applications in various end-use industries. The consumer electronics segment accounted for over 30% of the overall revenue share in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing adoption of energy-efficient products with superior performance that are manufactured using neodymium magnets, such as refrigerators, washing machines, and microwave ovens.
The industrial motor application segment is also estimated to witness promising growth during the forecast period owing to increasing use of permanent magnets in various motors including electric motors, air conditioners, hard disk drives among others. The growing automotive sector across developing countries like India and China on account of rapid urbanization & infrastructure development along with increased spending on new vehicles is expected drive industry expansion over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 60% in 2017. This is attributed to growing demand for energy-efficient permanent magnets from key industries such as automotive, industrial machinery, and electric motors. The region is expected to witness significant growth owing to increasing manufacturing activities across various end-use industries.
The presence of major automobile manufacturers including Toyota Motor Corporation; Honda Motor Co., Ltd.; Nissan Motors Ltd.; and Suzuki Motor Corp., has resulted in high product demand across Asia Pacific region. In addition, rising investments by prominent players such as Nidec Corporation; INEOS Inc.; and Sumitomo Electric Industries, Incorporated are anticipated to drive industry expansion over the forecast period.
Growth Factors:
- Increasing demand from the automotive industry for electric vehicles and hybrid vehicles
- Growing demand for consumer electronics such as smartphones, tablets, and laptops
- Rising demand from the renewable energy sector for wind turbines and solar panels
- Emerging applications in medical devices and robotics
- Technological advancements that improve the performance of NdFeB magnets
Scope Of The Report
Report Attributes
Report Details
Report Title
NdFeB Permanent Magnets (Neodymium-iron-boron) Market Research Report
By Type
Sintered NdFeB Magnet, Bonded NdFeB Magnet
By Application
Consumer electronics, Industrial Motor, Energy-Saving Appliances, Vehicle
By Companies
Hitachi Metals, MMC, Vacuumschmelze, TDK, Zhenfhai Magnetic, Ningbo Yunsheng, Tianhe Magnets, Shougang Magnetic Material, Jingci Magne, Hitachi Metals
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Report Segments:
The global NdFeB Permanent Magnets (Neodymium-iron-boron) market is segmented on the basis of:
Types
Sintered NdFeB Magnet, Bonded NdFeB Magnet
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
Consumer electronics, Industrial Motor, Energy-Saving Appliances, Vehicle
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
- MMC
- Vacuumschmelze
- TDK
- Zhenfhai Magnetic
- Ningbo Yunsheng
- Tianhe Magnets
- Shougang Magnetic Material
- Jingci Magne
- Hitachi Metals
 Market Overview.svg)
Highlights of The NdFeB Permanent Magnets (Neodymium-iron-boron) 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 NdFeB Magnet
- Bonded NdFeB Magnet
- By Application:
- Consumer electronics
- Industrial Motor
- Energy-Saving Appliances
- Vehicle
- 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 NdFeB Permanent Magnets (Neodymium-iron-boron) 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
 Market Statistics.svg)
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?
NdFeB Permanent Magnets are made of neodymium, iron and boron. They have a very high magnetic field strength and can be used in applications such as hard drives, speakers, motors and data storage.
Some of the key players operating in the ndfeb permanent magnets (neodymium-iron-boron) market are Hitachi Metals, MMC, Vacuumschmelze, TDK, Zhenfhai Magnetic, Ningbo Yunsheng, Tianhe Magnets, Shougang Magnetic Material, Jingci Magne, Hitachi Metals.
The ndfeb permanent magnets (neodymium-iron-boron) 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 NdFeB Permanent Magnets (Neodymium-iron-boron) 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 NdFeB Permanent Magnets (Neodymium-iron-boron) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 NdFeB Permanent Magnets (Neodymium-iron-boron) 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 NdFeB Permanent Magnets (Neodymium-iron-boron) 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 NdFeB Permanent Magnets (Neodymium-iron-boron) Market Size & Forecast, 2018-2028
4.5.1 NdFeB Permanent Magnets (Neodymium-iron-boron) Market Size and Y-o-Y Growth
4.5.2 NdFeB Permanent Magnets (Neodymium-iron-boron) Market Absolute $ Opportunity
Chapter 5 Global NdFeB Permanent Magnets (Neodymium-iron-boron) 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 NdFeB Permanent Magnets (Neodymium-iron-boron) Market Size Forecast by Type
5.2.1 Sintered NdFeB Magnet
5.2.2 Bonded NdFeB Magnet
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global NdFeB Permanent Magnets (Neodymium-iron-boron) 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 NdFeB Permanent Magnets (Neodymium-iron-boron) Market Size Forecast by Applications
6.2.1 Consumer electronics
6.2.2 Industrial Motor
6.2.3 Energy-Saving Appliances
6.2.4 Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global NdFeB Permanent Magnets (Neodymium-iron-boron) 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 NdFeB Permanent Magnets (Neodymium-iron-boron) 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 NdFeB Permanent Magnets (Neodymium-iron-boron) Analysis and Forecast
9.1 Introduction
9.2 North America NdFeB Permanent Magnets (Neodymium-iron-boron) 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 NdFeB Permanent Magnets (Neodymium-iron-boron) Market Size Forecast by Type
9.6.1 Sintered NdFeB Magnet
9.6.2 Bonded NdFeB Magnet
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 NdFeB Permanent Magnets (Neodymium-iron-boron) Market Size Forecast by Applications
9.10.1 Consumer electronics
9.10.2 Industrial Motor
9.10.3 Energy-Saving Appliances
9.10.4 Vehicle
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 NdFeB Permanent Magnets (Neodymium-iron-boron) Analysis and Forecast
10.1 Introduction
10.2 Europe NdFeB Permanent Magnets (Neodymium-iron-boron) 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 NdFeB Permanent Magnets (Neodymium-iron-boron) Market Size Forecast by Type
10.6.1 Sintered NdFeB Magnet
10.6.2 Bonded NdFeB Magnet
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 NdFeB Permanent Magnets (Neodymium-iron-boron) Market Size Forecast by Applications
10.10.1 Consumer electronics
10.10.2 Industrial Motor
10.10.3 Energy-Saving Appliances
10.10.4 Vehicle
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 NdFeB Permanent Magnets (Neodymium-iron-boron) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific NdFeB Permanent Magnets (Neodymium-iron-boron) 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 NdFeB Permanent Magnets (Neodymium-iron-boron) Market Size Forecast by Type
11.6.1 Sintered NdFeB Magnet
11.6.2 Bonded NdFeB Magnet
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 NdFeB Permanent Magnets (Neodymium-iron-boron) Market Size Forecast by Applications
11.10.1 Consumer electronics
11.10.2 Industrial Motor
11.10.3 Energy-Saving Appliances
11.10.4 Vehicle
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 NdFeB Permanent Magnets (Neodymium-iron-boron) Analysis and Forecast
12.1 Introduction
12.2 Latin America NdFeB Permanent Magnets (Neodymium-iron-boron) 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 NdFeB Permanent Magnets (Neodymium-iron-boron) Market Size Forecast by Type
12.6.1 Sintered NdFeB Magnet
12.6.2 Bonded NdFeB Magnet
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 NdFeB Permanent Magnets (Neodymium-iron-boron) Market Size Forecast by Applications
12.10.1 Consumer electronics
12.10.2 Industrial Motor
12.10.3 Energy-Saving Appliances
12.10.4 Vehicle
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) NdFeB Permanent Magnets (Neodymium-iron-boron) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) NdFeB Permanent Magnets (Neodymium-iron-boron) 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) NdFeB Permanent Magnets (Neodymium-iron-boron) Market Size Forecast by Type
13.6.1 Sintered NdFeB Magnet
13.6.2 Bonded NdFeB Magnet
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) NdFeB Permanent Magnets (Neodymium-iron-boron) Market Size Forecast by Applications
13.10.1 Consumer electronics
13.10.2 Industrial Motor
13.10.3 Energy-Saving Appliances
13.10.4 Vehicle
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 NdFeB Permanent Magnets (Neodymium-iron-boron) Market: Competitive Dashboard
14.2 Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hitachi Metals
14.3.2 MMC
14.3.3 Vacuumschmelze
14.3.4 TDK
14.3.5 Zhenfhai Magnetic
14.3.6 Ningbo Yunsheng
14.3.7 Tianhe Magnets
14.3.8 Shougang Magnetic Material
14.3.9 Jingci Magne
14.3.10 Hitachi Metals
