Latest research report on “NdFeB Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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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.
This report contains market size and forecasts of NdFeB in global, including the following market information:
Global NdFeB Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global NdFeB Market Sales, 2017-2022, 2023-2028, (MT)
Global top five NdFeB companies in 2021 (%)
The global NdFeB market was valued at 6575 million in 2021 and is projected to reach US$ 7963.7 million by 2028, at a CAGR of 2.8% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Sintered Nd-Fe-B Magnet Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of NdFeB include Hitachi Metals, Shin-Etsu, TDK, VAC, Zhong Ke San Huan, Yunsheng Company, YSM, JL MAG and ZHmag, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the NdFeB manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global NdFeB Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global NdFeB Market Segment Percentages, by Type, 2021 (%)
– Sintered Nd-Fe-B Magnet
– Bonded Nd-Fe-B Magnets
– Hot Pressed NdFeB Magnets
Global NdFeB Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global NdFeB Market Segment Percentages, by Application, 2021 (%)
– Computer
– Electronic Industrial
– Office Automation Equipment
– Auto Industrial
– Other
Global NdFeB Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global NdFeB Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– Europe
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– Asia
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies NdFeB revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies NdFeB revenues share in global market, 2021 (%)
Key companies NdFeB sales in global market, 2017-2022 (Estimated), (MT)
Key companies NdFeB sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– 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
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