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 independently 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 many applications in modern products that require strong permanent magnets, such as motors in cordless tools, hard disk drives and magnetic fasteners.
The growing demand for high magnetic strength and miniaturization of equipment in existing and emerging applications is majorly driving the global market for NdFeB magnets. The government initiatives to stimulate the use of green technologies so as to decrease the greenhouse gas emissions is expected to drive the growth of the global NdFeB magnet market. The high cost, low Curie temperature and propensity to undergo oxidation represent the major constraints to the applications of NdFeB magnets. Asia Pacific is expected to maintain its position over the forecast period. South America’s market is predicted to experience high growth and is projected to grow at a high CAGR during the forecast period. The market in Asia Pacific is growing at a fast pace on account of increasing demand from end user industries, particularly in countries such as China and Japan. The market in Europe increased slowly.
Global NdFeB Permanent Magnets (Neodymium-iron-boron) market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for NdFeB Permanent Magnets (Neodymium-iron-boron).
This report researches the worldwide NdFeB Permanent Magnets (Neodymium-iron-boron) market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
This study categorizes the global NdFeB Permanent Magnets (Neodymium-iron-boron) breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Hitachi Metals
MMC
Vacuumschmelze
TDK
Zhenfhai Magnetic
Ningbo Yunsheng
Tianhe Magnets
Shougang Magnetic Material
Jingci Magne
NdFeB Permanent Magnets (Neodymium-iron-boron) Breakdown Data by Type
Sintered NdFeB Magnet
Bonded NdFeB Magnet
NdFeB Permanent Magnets (Neodymium-iron-boron) Breakdown Data by Application
Consumer electronics
Industrial Motor
Energy-Saving Appliances
Vehicle
NdFeB Permanent Magnets (Neodymium-iron-boron) Production Breakdown Data by Region
United States
Europe
China
Japan
Other Regions
NdFeB Permanent Magnets (Neodymium-iron-boron) Consumption Breakdown Data by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global NdFeB Permanent Magnets (Neodymium-iron-boron) capacity, production, value, consumption, status and forecast;
To focus on the key NdFeB Permanent Magnets (Neodymium-iron-boron) manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of NdFeB Permanent Magnets (Neodymium-iron-boron) :
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on NdFeB Permanent Magnets (Neodymium-iron-boron). Industry analysis & Market Report on NdFeB Permanent Magnets (Neodymium-iron-boron) is a syndicated market report, published as Global NdFeB Permanent Magnets (Neodymium-iron-boron) Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of NdFeB Permanent Magnets (Neodymium-iron-boron) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.