Latest research report on “Neodymium Magnet 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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Neodymium Magnet is 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.
This report contains market size and forecasts of Neodymium Magnet in global, including the following market information:
Global Neodymium Magnet Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Neodymium Magnet Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Neodymium Magnet companies in 2021 (%)
The global Neodymium Magnet market was valued at 7687.8 million in 2021 and is projected to reach US$ 11150 million by 2028, at a CAGR of 5.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Sintered Neodymium Magnet Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Neodymium Magnet include Hitachi Metals Group, Shin-Etsu, TDK, VAC, Beijing Zhong Ke San Huan Hi-Tech, 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 Neodymium Magnet 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 Neodymium Magnet Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Neodymium Magnet Market Segment Percentages, by Type, 2021 (%)
– Sintered Neodymium Magnet
– Bonded Neodymium Magnet
Global Neodymium Magnet Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Neodymium Magnet Market Segment Percentages, by Application, 2021 (%)
– EV (Electric Vehicle)
– Automotive other than EV
– Air Conditioning
– Aerospace and Defense
– Wind Energy
– Consumer Goods and Electronics
– Industrial Machinery
Global Neodymium Magnet Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Neodymium Magnet Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– – 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
The report also provides analysis of leading market participants including:
Key companies Neodymium Magnet revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Neodymium Magnet revenues share in global market, 2021 (%)
Key companies Neodymium Magnet sales in global market, 2017-2022 (Estimated), (MT)
Key companies Neodymium Magnet sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– Hitachi Metals Group
– Beijing Zhong Ke San Huan Hi-Tech
– Yunsheng Company
– JL MAG
– Jingci Material Science
– Innuovo Magnetics
– Galaxy Magnetic
– Zhejiang Zhongyuan Magnetic Industry Limited
– Earth- Panda
– Daido Electronics
– Tianhe Magnetics
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