Market Overview:
The global neodymium rare earth magnets market is expected to register a CAGR of 6.5% during the forecast period, 2018-2030. The growth in the market can be attributed to the increasing demand for electric vehicles and consumer electronics. In terms of type, the bonding neodymium magnet segment is expected to hold a dominant position in the market during the forecast period. This can be attributed to its high strength and durability as compared to other types of magnets available in the market. In terms of application, electro-acoustic field is projected to be one of fastest growing segments during 2018-2030 owing to rising demand for loudspeakers from various end user industries such as automotive and consumer electronics.
Product Definition:
A neodymium rare earth magnet is a type of permanent magnet made from an alloy of neodymium, iron, and boron. They are the strongest type of permanent magnets currently made and are used in a wide variety of applications including electric motors, generators, sensors, loudspeakers, and magnetic therapy devices.
Bonding Neodymium Magnet:
Neodymium (Nd) is a chemical element that is a light, silvery-white metal. It has the highest magnetic moment of any stable element and the second-highest atomic number. The compound can exist in two forms, namely yellowish or colorless metallic crystals and greenish powder. Nd2+ is used as an additive to increase the strength of rare earth magnets due to its high Curie temperature (the temperature at which nuclear magnetic resonance occurs).
Sintering Neodymium Magnet:
Sintering Neodymium Magnet is a process in which neodymium metal is heated to its melting point and then it is forced into a mold under high pressure. The final product has the shape of magnet with sintered holes all over it. These magnets are widely used in applications such as hard drives, refrigerators, washing machines, computer hardware & software and many more consumer electronics products.
Application Insights:
Electro-acoustic field was the largest application segment in the global neodymium rare earth magnets market, accounting for a share of 33.3% by revenue in 2017. The product is widely used in speakers and headphones as it produces high audio output and low electrical resistance. Neodymium magnets are also used to create loudspeakers that have a higher efficiency than conventional designs, which reduces energy consumption during operation. This factor is expected to drive demand over the forecast period.
Electronic appliances field is expected to be one of the fastest growing segments at an estimated CAGR of XX% from 2018 to 2030 owing to increasing use of neodymium magnets in refrigerators, washing machines, microwave ovens and dryers among others products manufactured by Samsung Corporation; Panasonic Corporation; Midea Group Co., Ltd.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. Increasing demand for gadgets, rapid industrialization and rising per capita income are some of the key factors driving regional growth. China is one of the largest consumers as well as producers neodymium-based products owing to low labor cost and easy availability of raw materials in its domestic market.
North America accounted for more than 20% share in 2017 owing to growing demand from various end-use industries such as electronics, automotive, machinery etc., especially within U.S.
Growth Factors:
- Increasing demand for electric vehicles and hybrid vehicles
- Rising demand from the electronics industry
- Growing popularity of renewable energy sources
- Rapid industrialization in developing countries
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Neodymium Rare Earth Magnets Market Research Report
By Type
Bonding Neodymium Magnet, Sintering Neodymium Magnet
By Application
Electro-Acoustic Field, Electronic appliances Field, Mechanical equipment Field
By Companies
Neo, Ugimag, NSSMC, TDK, Daido Steel, Shin-Etsu Chemical, R.Audemars SA, Hitachi Metals, Tianhe Magnets, Ningbo Co-star Materials Hi-Tech, Zhong Ke San Huan, Ta Tong Magnet, Galaxy Magnets, DEMGC, BJMT, Earth-Panda, Guangzhou Golden South, JiangXi YingGuang, 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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Neodymium Rare Earth Magnets Market Report Segments:
The global Neodymium Rare Earth Magnets market is segmented on the basis of:
Types
Bonding Neodymium Magnet, Sintering Neodymium 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
Electro-Acoustic Field, Electronic appliances Field, Mechanical equipment Field
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
- NSSMC
- TDK
- Daido Steel
- Shin-Etsu Chemical
- R.Audemars SA
- Hitachi Metals
- Tianhe Magnets
- Ningbo Co-star Materials Hi-Tech
- Zhong Ke San Huan
- Ta Tong Magnet
- Galaxy Magnets
- DEMGC
- BJMT
- Earth-Panda
- Guangzhou Golden South
- JiangXi YingGuang
- Ningbo Yunsheng
Highlights of The Neodymium Rare Earth 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:
- Bonding Neodymium Magnet
- Sintering Neodymium Magnet
- By Application:
- Electro-Acoustic Field
- Electronic appliances Field
- Mechanical equipment Field
- 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 Rare Earth 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?
Neodymium rare earth magnets are made from neodymium, a metal that is very strong and has a high resistance to corrosion. These magnets can be used in many applications, such as for holding documents or pictures together, for holding speakers in place, or even as part of an electromagnet.
Some of the key players operating in the neodymium rare earth magnets market are Neo, Ugimag, NSSMC, TDK, Daido Steel, Shin-Etsu Chemical, R.Audemars SA, Hitachi Metals, Tianhe Magnets, Ningbo Co-star Materials Hi-Tech, Zhong Ke San Huan, Ta Tong Magnet, Galaxy Magnets, DEMGC, BJMT, Earth-Panda, Guangzhou Golden South, JiangXi YingGuang, Ningbo Yunsheng.
The neodymium rare earth 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 Neodymium Rare Earth 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 Neodymium Rare Earth Magnets Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Neodymium Rare Earth 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 Neodymium Rare Earth 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 Neodymium Rare Earth Magnets Market Size & Forecast, 2018-2028 4.5.1 Neodymium Rare Earth Magnets Market Size and Y-o-Y Growth 4.5.2 Neodymium Rare Earth Magnets Market Absolute $ Opportunity
Chapter 5 Global Neodymium Rare Earth 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 Neodymium Rare Earth Magnets Market Size Forecast by Type
5.2.1 Bonding Neodymium Magnet
5.2.2 Sintering Neodymium Magnet
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Neodymium Rare Earth 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 Neodymium Rare Earth Magnets Market Size Forecast by Applications
6.2.1 Electro-Acoustic Field
6.2.2 Electronic appliances Field
6.2.3 Mechanical equipment Field
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Neodymium Rare Earth 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 Neodymium Rare Earth 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 Neodymium Rare Earth Magnets Analysis and Forecast
9.1 Introduction
9.2 North America Neodymium Rare Earth 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 Neodymium Rare Earth Magnets Market Size Forecast by Type
9.6.1 Bonding Neodymium Magnet
9.6.2 Sintering Neodymium 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 Neodymium Rare Earth Magnets Market Size Forecast by Applications
9.10.1 Electro-Acoustic Field
9.10.2 Electronic appliances Field
9.10.3 Mechanical equipment Field
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 Neodymium Rare Earth Magnets Analysis and Forecast
10.1 Introduction
10.2 Europe Neodymium Rare Earth 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 Neodymium Rare Earth Magnets Market Size Forecast by Type
10.6.1 Bonding Neodymium Magnet
10.6.2 Sintering Neodymium 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 Neodymium Rare Earth Magnets Market Size Forecast by Applications
10.10.1 Electro-Acoustic Field
10.10.2 Electronic appliances Field
10.10.3 Mechanical equipment Field
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 Neodymium Rare Earth Magnets Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Neodymium Rare Earth 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 Neodymium Rare Earth Magnets Market Size Forecast by Type
11.6.1 Bonding Neodymium Magnet
11.6.2 Sintering Neodymium 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 Neodymium Rare Earth Magnets Market Size Forecast by Applications
11.10.1 Electro-Acoustic Field
11.10.2 Electronic appliances Field
11.10.3 Mechanical equipment Field
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 Neodymium Rare Earth Magnets Analysis and Forecast
12.1 Introduction
12.2 Latin America Neodymium Rare Earth 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 Neodymium Rare Earth Magnets Market Size Forecast by Type
12.6.1 Bonding Neodymium Magnet
12.6.2 Sintering Neodymium 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 Neodymium Rare Earth Magnets Market Size Forecast by Applications
12.10.1 Electro-Acoustic Field
12.10.2 Electronic appliances Field
12.10.3 Mechanical equipment Field
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) Neodymium Rare Earth Magnets Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Neodymium Rare Earth 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) Neodymium Rare Earth Magnets Market Size Forecast by Type
13.6.1 Bonding Neodymium Magnet
13.6.2 Sintering Neodymium 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) Neodymium Rare Earth Magnets Market Size Forecast by Applications
13.10.1 Electro-Acoustic Field
13.10.2 Electronic appliances Field
13.10.3 Mechanical equipment Field
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 Rare Earth Magnets Market: Competitive Dashboard
14.2 Global Neodymium Rare Earth Magnets 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 NSSMC
14.3.4 TDK
14.3.5 Daido Steel
14.3.6 Shin-Etsu Chemical
14.3.7 R.Audemars SA
14.3.8 Hitachi Metals
14.3.9 Tianhe Magnets
14.3.10 Ningbo Co-star Materials Hi-Tech
14.3.11 Zhong Ke San Huan
14.3.12 Ta Tong Magnet
14.3.13 Galaxy Magnets
14.3.14 DEMGC
14.3.15 BJMT
14.3.16 Earth-Panda
14.3.17 Guangzhou Golden South
14.3.18 JiangXi YingGuang
14.3.19 Ningbo Yunsheng