Latest research report on “Rare Earth 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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The rare earth permanent magnet material refers to an alloy formed of rare earth metal and a transition metal. This permanent magnet material made by a certain process is extremely magnetic and can be maintained for a long time. Rare earth magnets have been developed for four generations. The first and second generations are RE-Co permanent magnets, ie Co-based permanent magnets: the first generation as type 5 SmCo alloys (SmCo5) and the second generation as Rare-earth Sintered Magnet7 SmCo alloys (Sm2Co17). Since Sm reserve is scare, Co And Ni is also a valuable strategic metal, the first two generations of rare earth permanent magnets have not been widely used,their major market are only for the high-end military area. The third and fourth generation rare earth permanent magnets are RE-FE-B permanent magnets. It is the third generation – NdFeB alloy (Nd2Fe14B), also the most widely used rare earth permanent magnet; the fourth generation is Sm-Fe-N alloy. (Sm2Fe17N3), but Sm-Fe-N alloy has not yet entered the stage of commercial production.
This report contains market size and forecasts of Rare Earth Magnet in global, including the following market information:
Global Rare Earth Magnet Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Rare Earth Magnet Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Rare Earth Magnet companies in 2021 (%)
The global Rare Earth Magnet market was valued at 10320 million in 2021 and is projected to reach US$ 14590 million by 2028, at a CAGR of 5.1% 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 Rare Earth 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 Rare Earth 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 Rare Earth Magnet Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Rare Earth Magnet Market Segment Percentages, by Type, 2021 (%)
– Sintered Neodymium Magnet
– Bonded Neodymium Magnet
Global Rare Earth Magnet Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Rare Earth Magnet Market Segment Percentages, by Application, 2021 (%)
– Other Automotive
– Air Conditioning
– Aerospace & Defense
– Wind Energy
– Consumer Goods & Electronics
– Industrial Machinery
Global Rare Earth Magnet Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Rare Earth 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 Rare Earth Magnet revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Rare Earth Magnet revenues share in global market, 2021 (%)
Key companies Rare Earth Magnet sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Rare Earth 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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