A neodymium magnet (also known as NdFeB, NIB or Neo magnet), the most widely used type of rare-earth magnet, is a permanent magnet made from an alloy of neodymium, iron and boron to form the Nd2Fe14B tetragonal crystalline structure. Developed in 1982 by General Motors and Sumitomo Special Metals, neodymium magnets are the strongest type of permanent magnet commercially available. They have replaced other types of magnets in the many applications in modern products that require strong permanent magnets, such as motors in cordless tools, hard disk drives and magnetic fasteners.
Market Analysis and Insights: Global NdFeB Market
Due to the COVID-19 pandemic, the global NdFeB market size is estimated to be worth US$ 6591.1 million in 2022 and is forecast to a readjusted size of US$ 7824.3 million by 2028 with a CAGR of 2.9% during the review period. Fully considering the economic change by this health crisis, Sintered Nd-Fe-B Magnet accounting for % of the NdFeB global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Computer segment is altered to an % CAGR throughout this forecast period.
Global NdFeB key players include Zhong Ke San Huan, Hitachi Metals, JL MAG, etc. Global top three manufacturers hold a share about 10%.
China is the largest market, with a share over 85%, followed by Japan, and Europe, both have a share about 10 percent.
In terms of product, Sintered Nd-Fe-B Magnet is the largest segment, with a share over 85%. And in terms of application, the largest application is Computer, followed by Auto Industrial, Office Automation Equipment, Electronic Industrial, etc.
In terms of production side, this report researches the NdFeB capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of NdFeB by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global NdFeB Scope and Segment
NdFeB market is segmented by Type and by Application. Players, stakeholders, and other participants in the global NdFeB market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Sintered Nd-Fe-B Magnet
Bonded Nd-Fe-B Magnets
Hot Pressed NdFeB Magnets
Segment by Application
Computer
Electronic Industrial
Office Automation Equipment
Auto Industrial
Other
By Company
Hitachi Metals
Shin-Etsu
TDK
VAC
Zhong Ke San Huan
Yunsheng Company
YSM
JL MAG
ZHmag
Jingci Material Science
AT&M
NBJJ
Innuovo Magnetics
SGM
Galaxy Magnetic
Zhongyuan Magnetic
Earth- Panda
Magsuper
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE