Global Neodymium Iron Boron NdFeB Magnet Market by Type (Sintered NdFeB Magnet, Bonded NdFeB Magnet), By Application (Consumer electronics, Industrial Motor, Energy-Saving Appliances, Vehicle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The Global Neodymium Iron Boron NdFeB Magnet Market size was valued at USD 4.6 billion in 2018 and is projected to reach USD 7.5 billion by 2028, growing at a CAGR of 5.0% from 2021 to 2028. The major drivers for the growth of this market are increasing demand for consumer electronics such as smartphones and televisions, increase in the use of energy-saving appliances such as refrigerators and air conditioners, increased use of industrial motors in Asia Pacific countries due to rising labor cost in China, decreasing prices on neodymium iron boron magnets due to introduction of new technologies like sintered magnets which reduces production costs and makes it affordable.
Neodymium Iron Boron NdFeB Magnet is a permanent magnet made of samarium, neodymium and boron. It also contains small quantities of other elements like copper, iron, or aluminum for various reasons such as improving magnetic properties and increasing resistance to demagnetization at high temperatures. The material can be manufactured into different shapes including rectangular blocks with poles on each end (block magnets), thin plates with holes in them (discs), or round bars which are often wound up together inside coils called “E”-Magnets. These materials have wide applications due to their strong magnetic field and ability to remain steady over time even under extreme conditions.
On the basis of Types, the market is segmented into Sintered NdFeB Magnet, Bonded NdFeB Magnet.
Sintered NdFeB Magnet:
Sintered NdFeB Magnet is a type of hard ferrite permanent magnet for general application. The process involves the material being heated to form an ingot and then chopped into pieces. These chunks are ground down in steps, with each step taking about 30 minutes per batch. A cooling lubricant such as oil or water may be sprayed on the surface during grinding so that it will not become too hot to handle and stick together due to lack of air circulation. After all, batches have been produced from one ingot, they are combined back into one large block for final processing through machining or sintering.
The Sintered NdFeB Magnet is used in various applications, such as motors and generators. It has a variety of uses because it can be made into different shapes to suit the application requirements.
Bonded NdFeB Magnet:
Bonded magnet is a new type of composite material composed of bonded materials. It has excellent magnetic properties, easy to control the direction and actuation force in linear motion. Bonding can be achieved through thermal adhesion or chemical bonding. The machine-processable process simplifies production operations, greatly reducing manufacturing costs; this makes it one of the most competitive magnets on the market today.
On the basis of Application, the market is segmented into Consumer Electronics, Industrial Motor, Energy-Saving Appliances, and Vehicles.
Consumer Electronics:
Neodymium Iron Boron NdFeB Magnets are used in the small speakers of smartphones and tablets. These magnets, which generally have a diameter between 0.25 mm to 20mm, help create sound waves that can be heard through speaker systems or headphones. The neodymium iron boron magnet has replaced traditional ferrite magnets for this application because they provide higher power output while being lighter weight than their predecessors.
Industrial Motor:
The demand for the magnets has been increased since it’s a crucial component of an electric motor. Moreover, this type of magnet can be incorporated into other types of machinery with different purposes such as brakes and clutches that are required to operate at high speeds. Apart from these reasons, there are some others that also contribute towards the growth in Neodymium Iron Boron NdFeB Magnet production worldwide:
Energy-Saving Appliances:
Neodymium Iron Boron NdFeB Magnet is used in Energy-Saving Appliances in three different applications:
- Temperature Control Devices (heating, cooling)
- Air Conditioning Units (Heater blower fan motor)
- Cooling Pumps and Compressors.
Vehicles:
Neodymium Iron Boron NdFeB Magnet is one of the major components in a vehicle. It is used to produce strong magnets which give an efficient and economical performance for engines, actuators, alternators, sensors, or other motors that require powerful magnetic fields. In addition, it offers high energy density and low loss rates at room temperature without losing its magnetism due to heat.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North American companies have dominated the market in the past few years due to their high investments for developing new technologies which support the growing demand of NdFeB Magnet from the automotive industry. In addition, they are also focusing on military applications such as guided missiles and guns.
Up Market Research published a new report titled “Neodymium Iron Boron NdFeB Magnet Market research report which is segmented by Types (Sintered NdFeB Magnet, Bonded NdFeB Magnet), By Applications (Consumer electronics, Industrial Motor, Energy-Saving Appliances, Vehicle), By Players/Companies Hitachi Metals, MMC, Vacuumschmelze, TDK, Zhenfhai Magnetic, Ningbo Yunsheng, Tianhe Magnets, Shougang Magnetic Material, Jingci Magne”.
Report Scope
Report Attributes | Report Details |
Report Title | Neodymium Iron Boron NdFeB Magnet 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 |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 206 |
Number of Tables & Figures | 145 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Neodymium Iron Boron NdFeB Magnet Market Report Segments:
The market is segmented by Type Sintered NdFeB Magnet, Bonded NdFeB Magnet and By Application Consumer electronics, Industrial Motor, Energy-Saving Appliances, Vehicle.
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
Neodymium Iron Boron NdFeB Magnet Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Neodymium Iron Boron NdFeB Magnet Market
Overview of the regional outlook of the Neodymium Iron Boron NdFeB Magnet Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Neodymium Iron Boron NdFeB Magnet Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Neodymium Iron Boron NdFeB Magnet Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Sintered NdFeB Magnet
2. Bonded NdFeB Magnet
7. By Application:1. Consumer electronics
2. Industrial Motor
3. Energy-Saving Appliances
4. 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 Neodymium Iron Boron NdFeB 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 2028.
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
Reasons to Purchase the Neodymium Iron Boron NdFeB Magnet Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Neodymium Iron Boron NdFeB 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 Neodymium Iron Boron NdFeB Magnet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Neodymium Iron Boron NdFeB 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 Neodymium Iron Boron NdFeB 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 Neodymium Iron Boron NdFeB Magnet Market Size & Forecast, 2018-2028
4.5.1 Neodymium Iron Boron NdFeB Magnet Market Size and Y-o-Y Growth
4.5.2 Neodymium Iron Boron NdFeB Magnet Market Absolute $ Opportunity
Chapter 5 Global Neodymium Iron Boron NdFeB 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 Neodymium Iron Boron NdFeB Magnet 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 Neodymium Iron Boron NdFeB 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 Neodymium Iron Boron NdFeB Magnet 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 Neodymium Iron Boron NdFeB 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 Neodymium Iron Boron NdFeB 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 Neodymium Iron Boron NdFeB Magnet Analysis and Forecast
9.1 Introduction
9.2 North America Neodymium Iron Boron NdFeB 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 Neodymium Iron Boron NdFeB Magnet 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 Neodymium Iron Boron NdFeB Magnet 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 Neodymium Iron Boron NdFeB Magnet Analysis and Forecast
10.1 Introduction
10.2 Europe Neodymium Iron Boron NdFeB 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 Neodymium Iron Boron NdFeB Magnet 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 Neodymium Iron Boron NdFeB Magnet 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 Neodymium Iron Boron NdFeB Magnet Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Neodymium Iron Boron NdFeB 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 Neodymium Iron Boron NdFeB Magnet 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 Neodymium Iron Boron NdFeB Magnet 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 Neodymium Iron Boron NdFeB Magnet Analysis and Forecast
12.1 Introduction
12.2 Latin America Neodymium Iron Boron NdFeB 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 Neodymium Iron Boron NdFeB Magnet 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 Neodymium Iron Boron NdFeB Magnet 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) Neodymium Iron Boron NdFeB Magnet Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Neodymium Iron Boron NdFeB 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) Neodymium Iron Boron NdFeB Magnet 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) Neodymium Iron Boron NdFeB Magnet 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 Neodymium Iron Boron NdFeB Magnet Market: Competitive Dashboard
14.2 Global Neodymium Iron Boron NdFeB Magnet 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