Market Overview:
The global neodymium iron boron 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 neodymium iron boron magnets from various applications, such as computer, electronic industry, office automation equipment, auto industry and others. Additionally, the growing demand for electric vehicles is also contributing to the growth of this market.
Product Definition:
A permanent magnet made from an alloy of neodymium, iron, and boron. It is the most powerful type of permanent magnet currently made and is used in a wide range of applications including electric motors, loudspeakers, hard drives, and sensors.
Sintered Nd-Fe-B Magnet:
Sintered Nd-Fe-B magnet is a new generation permanent magnetic material, which consists of an alloy of Neodymium (Nd), Iron (Fe) and Boron (B). The sintered product has the ability to retain its properties at high temperatures. It also offers low hysteresis loss, high energy efficiency and excellent Curie temperature.
Bonded Nd-Fe-B Magnets:
Bonded Nd-Fe-B magnets are made from a special grade of iron ore, which is rich in neodymium and boron. These magnets have a high saturation flux density and can be used for applications where high field strength is required. The product has found widespread use in the manufacturing of electric motors, hard disk drives, loudspeakers as well as in medical equipment such as Magnetic Resonance Imaging (MRI).
Application Insights:
The global neodymium iron boron market is segmented on the basis of application into computer, electronic industry, office automation equipment, auto industry and other applications. The computer application segment accounted for a major share in 2017 owing to the high demand from data centers and super computers. Neodymium magnets are used in hard disk drives as they provide higher magnetic storage density which results in improved performance.
The electronics industry also exhibits significant growth potential as it has developed over the past few years with an increasing number of product launches incorporating neodymium magnets including smartphones, laptops and various consumer products such as refrigerators & washing machines & scanners. Neodymium magnets are also used extensively during manufacturing process such as cutting tools for plastics & metals among others which further boosts product demand globally.
Regional Analysis:
Asia Pacific dominated the global neodymium iron boron market in 2016 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, such as China, India, Indonesia and South Korea. Growing population coupled with rising living standards have resulted in increased demand for electronics across these countries. This has led to a surge in consumption of neodymium iron boron magnets across various applications such as consumer electronics, automotive and industrial machinery among others since they are lightweight compared to their counterparts made from steel or rare earth metals.
The Asia Pacific regional market was followed by Europe which accounted for over 25% of the total revenue share in 2016 owing to high demand from major application sectors including computer hardware & components, electronic devices & component industry resulting from growing manufacturing bases of key players like Siemens AG; ABB Ltd.; Alstom; General Electric; Hitachi Ltd.; Toshiba Corporation etc.
Growth Factors:
- Increasing demand for electric vehicles and wind turbines
- Growing popularity of renewable energy sources
- Rising awareness about the benefits of neodymium iron boron magnets
- Technological advancements in the manufacturing process of neodymium iron boron magnets
- Growing demand from end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Neodymium Iron Boron Market Research Report
By Type
Sintered Nd-Fe-B Magnet, Bonded Nd-Fe-B Magnets, Hot Pressed NdFeB Magnets
By Application
Computer, Electronic Industry, Office Automation Equipment, Auto Industry, Others
By Companies
Hitachi Metals, Shin-Etsu, TDK, VAC, Zhong Ke San Huan, Yunsheng Company, YSM, JL MAG, ZHmag, BJM, Hitachi Metals, NBJJ, Innuovo Magnetics, SGM, 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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Neodymium Iron Boron Market Report Segments:
The global Neodymium Iron Boron market is segmented on the basis of:
Types
Sintered Nd-Fe-B Magnet, Bonded Nd-Fe-B Magnets, Hot Pressed 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
Computer, Electronic Industry, Office Automation Equipment, Auto Industry, 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
- YSM
- JL MAG
- ZHmag
- BJM
- Hitachi Metals
- NBJJ
- Innuovo Magnetics
- SGM
- Galaxy Magnetic
- Zhongyuan Magnetic
- Earth- Panda
- Magsuper
Highlights of The 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 Nd-Fe-B Magnet
- Bonded Nd-Fe-B Magnets
- Hot Pressed NdFeB Magnets
- By Application:
- Computer
- Electronic Industry
- Office Automation Equipment
- Auto Industry
- 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 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Neodymium Iron Boron is a rare earth metal with the symbol Nd and atomic number 60. It is a strong magnet and has many industrial uses, including in magnets for hard drives and electric motors.
Some of the major companies in the neodymium iron boron market are Hitachi Metals, Shin-Etsu, TDK, VAC, Zhong Ke San Huan, Yunsheng Company, YSM, JL MAG, ZHmag, BJM, Hitachi Metals, NBJJ, Innuovo Magnetics, SGM, Galaxy Magnetic, Zhongyuan Magnetic, Earth- Panda, Magsuper.
The 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 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 Neodymium Iron Boron Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Neodymium Iron Boron Market Size & Forecast, 2020-2028
4.5.1 Neodymium Iron Boron Market Size and Y-o-Y Growth
4.5.2 Neodymium Iron Boron Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Sintered Nd-Fe-B Magnet
5.2.2 Bonded Nd-Fe-B Magnets
5.2.3 Hot Pressed NdFeB Magnets
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Computer
6.2.2 Electronic Industry
6.2.3 Office Automation Equipment
6.2.4 Auto Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Sintered Nd-Fe-B Magnet
9.6.2 Bonded Nd-Fe-B Magnets
9.6.3 Hot Pressed 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 Market Size Forecast by Applications
9.10.1 Computer
9.10.2 Electronic Industry
9.10.3 Office Automation Equipment
9.10.4 Auto Industry
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Sintered Nd-Fe-B Magnet
10.6.2 Bonded Nd-Fe-B Magnets
10.6.3 Hot Pressed 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 Market Size Forecast by Applications
10.10.1 Computer
10.10.2 Electronic Industry
10.10.3 Office Automation Equipment
10.10.4 Auto Industry
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Sintered Nd-Fe-B Magnet
11.6.2 Bonded Nd-Fe-B Magnets
11.6.3 Hot Pressed 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 Market Size Forecast by Applications
11.10.1 Computer
11.10.2 Electronic Industry
11.10.3 Office Automation Equipment
11.10.4 Auto Industry
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Sintered Nd-Fe-B Magnet
12.6.2 Bonded Nd-Fe-B Magnets
12.6.3 Hot Pressed 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 Market Size Forecast by Applications
12.10.1 Computer
12.10.2 Electronic Industry
12.10.3 Office Automation Equipment
12.10.4 Auto Industry
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Sintered Nd-Fe-B Magnet
13.6.2 Bonded Nd-Fe-B Magnets
13.6.3 Hot Pressed 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) Market Size Forecast by Applications
13.10.1 Computer
13.10.2 Electronic Industry
13.10.3 Office Automation Equipment
13.10.4 Auto Industry
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 Neodymium Iron Boron Market: Competitive Dashboard
14.2 Global 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 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 YSM
14.3.8 JL MAG
14.3.9 ZHmag
14.3.10 BJM
14.3.11 Hitachi Metals
14.3.12 NBJJ
14.3.13 Innuovo Magnetics
14.3.14 SGM
14.3.15 Galaxy Magnetic
14.3.16 Zhongyuan Magnetic
14.3.17 Earth- Panda
14.3.18 Magsuper
