Market Overview:
The global neo 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 neo magnets from various applications, such as electro-acoustic field, electronic appliances field, mechanical equipment field, EVs and others. In addition, the growing demand for miniaturization and high-performance magnets is also contributing to the growth of this market.
Product Definition:
A neo magnet is a material that can be magnetized but does not have its own permanent magnetic field. It is made from an alloy of neodymium, iron and boron. Neo magnets are used in many applications because of their high strength and low weight.
Bonding:
Bonding is a process in which two or more objects are joined or welded together. Neo magnetism is the property of object to attract and hold small metallic particles such as iron, nickel, etc. It's also used for welding plastics & rubber to metal surfaces.
Sintering:
Sintering is a method of producing extremely fine and compact particles by heating material to its melting point. Neo magnet made using sintering technology has properties such as high resistance to corrosion, high strength, low permeability & inductance and excellent thermal conductivity.
Application Insights:
Electro- acoustic field (EA Field) application segment is expected to emerge as the fastest growing application over the forecast period. Neo magnets are widely used in speakers, headphones, earphones and other audio products for providing better sound quality. Increasing use of neo magnets in electric vehicles to provide powertrain stability is also expected to drive market growth over the next eight years. Other applications include mechanical equipment field and EV Field which together accounted for a revenue share of less than 15% in 2017 owing to limited penetration compared with other segments.
Sintering process dominates demand for neo magnet among all applications due largely to its low cost as well as high efficiency compared with bonding process.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This can be attributed to increasing R&D activities and high adoption of advanced products in various application sectors, including automotive, defense & aerospace, industrial machinery and electronics.
Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 owing to rapid developments in end-use industries coupled with increasing government initiatives for manufacturing vehicles using lightweight materials such as neodymium magnet powder. In addition, rising disposable income levels are anticipated to fuel product demand from major application sectors including consumer appliances and electronic devices over the next eight years.
Growth Factors:
- Increasing demand from the automotive and electronics industries for Neo magnets as a result of their high strength and low weight.
- Growing popularity of electric vehicles, which require powerful magnets for propulsion motors.
- Proliferation of portable electronic devices, such as smartphones and tablets, that use Neo magnets in their speaker systems.
- Increased research and development spending by companies to develop new applications for Neo magnets in areas such as energy storage and medical technology.
- Rising global incomes, which will lead to increased demand for consumer goods that contain Neo magnets, such as refrigerators and washing machines
Scope Of The Report
Report Attributes
Report Details
Report Title
Neo Magnet Market Research Report
By Type
Bonding, Sintering
By Application
Electro-Acoustic Field, Electronic Appliances Field, Mechanical Equipment Field, EVs, Others
By Companies
Neo, Ugimag, R.Audemars, NSSMC, TDK, Daido Steel, Shin-Etsu Chemical, Hitachi Metals, Ta Tong Magnet, Galaxy Magnets, Neo, Ningbo Co-star, DEMGC, Beijing Jingci Magnet, Earth-Panda, Tianhe Magnets, Guangzhou Golden South, 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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Neo Magnet Market Report Segments:
The global Neo Magnet market is segmented on the basis of:
Types
Bonding, Sintering
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 Field, Electronic Appliances Field, Mechanical Equipment Field, EVs, 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
- Ugimag
- R.Audemars
- NSSMC
- TDK
- Daido Steel
- Shin-Etsu Chemical
- Hitachi Metals
- Ta Tong Magnet
- Galaxy Magnets
- Neo
- Ningbo Co-star
- DEMGC
- Beijing Jingci Magnet
- Earth-Panda
- Tianhe Magnets
- Guangzhou Golden South
- Jiangxi Yingguang Magnet
- Ningbo Yunsheng
Highlights of The Neo 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
- Sintering
- By Application:
- Electro-Acoustic Field
- Electronic Appliances Field
- Mechanical Equipment Field
- EVs
- 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 Neo 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?
Neo Magnet is a new type of magnetic storage technology that uses tiny magnets to store data. Neo Magnet can be used to create hard drives, flash drives, and other storage devices.
Some of the major companies in the neo magnet market are Neo, Ugimag, R.Audemars, NSSMC, TDK, Daido Steel, Shin-Etsu Chemical, Hitachi Metals, Ta Tong Magnet, Galaxy Magnets, Neo, Ningbo Co-star, DEMGC, Beijing Jingci Magnet, Earth-Panda, Tianhe Magnets, Guangzhou Golden South, Jiangxi Yingguang Magnet, Ningbo Yunsheng.
The neo 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 Neo 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 Neo Magnet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Neo 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 Neo 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 Neo Magnet Market Size & Forecast, 2018-2028
4.5.1 Neo Magnet Market Size and Y-o-Y Growth
4.5.2 Neo Magnet Market Absolute $ Opportunity
Chapter 5 Global Neo 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 Neo Magnet Market Size Forecast by Type
5.2.1 Bonding
5.2.2 Sintering
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Neo 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 Neo Magnet Market Size Forecast by Applications
6.2.1 Electro-Acoustic Field
6.2.2 Electronic Appliances Field
6.2.3 Mechanical Equipment Field
6.2.4 EVs
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Neo 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 Neo 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 Neo Magnet Analysis and Forecast
9.1 Introduction
9.2 North America Neo 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 Neo Magnet Market Size Forecast by Type
9.6.1 Bonding
9.6.2 Sintering
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 Neo Magnet Market Size Forecast by Applications
9.10.1 Electro-Acoustic Field
9.10.2 Electronic Appliances Field
9.10.3 Mechanical Equipment Field
9.10.4 EVs
9.10.5 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 Neo Magnet Analysis and Forecast
10.1 Introduction
10.2 Europe Neo 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 Neo Magnet Market Size Forecast by Type
10.6.1 Bonding
10.6.2 Sintering
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 Neo Magnet Market Size Forecast by Applications
10.10.1 Electro-Acoustic Field
10.10.2 Electronic Appliances Field
10.10.3 Mechanical Equipment Field
10.10.4 EVs
10.10.5 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 Neo Magnet Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Neo 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 Neo Magnet Market Size Forecast by Type
11.6.1 Bonding
11.6.2 Sintering
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 Neo Magnet Market Size Forecast by Applications
11.10.1 Electro-Acoustic Field
11.10.2 Electronic Appliances Field
11.10.3 Mechanical Equipment Field
11.10.4 EVs
11.10.5 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 Neo Magnet Analysis and Forecast
12.1 Introduction
12.2 Latin America Neo 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 Neo Magnet Market Size Forecast by Type
12.6.1 Bonding
12.6.2 Sintering
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 Neo Magnet Market Size Forecast by Applications
12.10.1 Electro-Acoustic Field
12.10.2 Electronic Appliances Field
12.10.3 Mechanical Equipment Field
12.10.4 EVs
12.10.5 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) Neo Magnet Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Neo 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) Neo Magnet Market Size Forecast by Type
13.6.1 Bonding
13.6.2 Sintering
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) Neo Magnet Market Size Forecast by Applications
13.10.1 Electro-Acoustic Field
13.10.2 Electronic Appliances Field
13.10.3 Mechanical Equipment Field
13.10.4 EVs
13.10.5 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 Neo Magnet Market: Competitive Dashboard
14.2 Global Neo Magnet Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Neo
14.3.2 Ugimag
14.3.3 R.Audemars
14.3.4 NSSMC
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 Galaxy Magnets
14.3.11 Neo
14.3.12 Ningbo Co-star
14.3.13 DEMGC
14.3.14 Beijing Jingci Magnet
14.3.15 Earth-Panda
14.3.16 Tianhe Magnets
14.3.17 Guangzhou Golden South
14.3.18 Jiangxi Yingguang Magnet
14.3.19 Ningbo Yunsheng
