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