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Global Neodymium-Iron-Boron Magnet Market: By Application: Automobile, Electronics, Power Generators, Medical Industry, Wind Power, Others; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Price Analysis; Manufacturing Process; Project Economics; Competitive Landscape; Industry Events and Developments

Global Neodymium-Iron-Boron Magnet Market Outlook

The global neodymium-iron-boron magnet market size reached a value of almost USD 12.5 billion in the year 2019. The neodymium-iron-boron magnet industry is further expected to grow at a CAGR of 7.5% between 2020 and 2025 to reach a value of almost USD 19.3 billion by 2025.

The global neodymium-iron-boron magnet industry is driven by the flourishing energy harvesting sector. China is the leading country in the neodymium-iron-boron magnet market across the globe. This can be attributed to the high demand for these magnets from the key end-user industries in the region. China also enjoys a monopoly over the raw materials that are used to produce these magnets, which enhance the production of these magnets in the country.  

Japan represents the second-largest market for neodymium-iron-boron (NdFeB) magnet across the globe, followed by Europe and the United States of America. The industry for the NdFeB magnet is further driven by the factors such as limited substitutes for neodymium magnets, rapidly expanding industrial applications, and the government initiatives to spur the use of green technologies in order to reduce the greenhouse gas emissions.

 

Properties and Applications

Neodymium-Iron-Boron (NdFeB) magnets are the strongest rare earth magnets, which are also affordable and cost-efficient. Even though NdFeB magnets have a lower curie temperature and are affected by oxidation, they provide the highest magnetic field strength and magnetic stability. Owing to this, they find uses in power tools, electric motors, and other products requiring strong, compact, and permanent magnets.

The neodymium-iron-boron magnet market is divided on the basis of applications into: 

  • Automobile
  • Electronics
  • Power Generators
  • Medical Industry
  • Wind Power
  • Others

The report also covers the regional markets of neodymium-iron-boron magnet like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

The global neodymium-iron-boron magnet market is driven by the rising high-level magnetic strength and miniaturisation of equipment in the existing and emerging applications. The market is further aided by the several government initiatives that are aimed to stimulate the use of green technologies so as to decrease the greenhouse gas emissions. Some of the other factors enhancing the industry growth of NdFeB magnet across the globe include their increasing and extensive applications in sectors such as defence, automotive, electronics, industrial, medical, and others, flourishing end-use industries, and limited substitutes. However, low Curie temperature, high cost, and propensity to undergo oxidation present some of the major constraints to the applications of NdFeB magnets.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global neodymium-iron-boron magnet market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Integrated Magnetics
  • Arnold Magnetic Technologies
  • Ningbo Relay Magnetics Co., Ltd
  • Dura Magnetics, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Market Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Rare Earth Magnet Market Overview

    8.1    Key Industry Highlights
    8.2    Global Rare Earth Magnet Historical Market (2015-2019) 
    8.3    Global Rare Earth Magnet Market Forecast (2020-2025)
    8.4    Global Rare Earth Magnet Market by Magnet Type
9    Global Neodymium-Iron-Boron Magnet Market Analysis
    9.1    Key Industry Highlights
    9.2    Global Neodymium-Iron-Boron Magnet Historical Market (2015-2019) 
    9.3    Global Neodymium-Iron-Boron Magnet Market Forecast (2020-2025)
    9.4    Global Neodymium-Iron-Boron Magnet Market by Application
        9.4.1    Automobile
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2015-2019)
            9.4.1.3    Forecast Trend (2020-2025)
        9.4.2    Electronics
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2015-2019)
            9.4.2.3    Forecast Trend (2020-2025)
        9.4.3    Power Generators
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2015-2019)
            9.4.3.3    Forecast Trend (2020-2025)
        9.4.4    Medical Industry
            9.4.4.1    Market Share
            9.4.4.2    Historical Trend (2015-2019)
            9.4.4.3    Forecast Trend (2020-2025)
        9.4.5    Wind Power
            9.4.5.1    Market Share
            9.4.5.2    Historical Trend (2015-2019)
            9.4.5.3    Forecast Trend (2020-2025)
        9.4.6    Others
    9.5    Global Neodymium-Iron-Boron Magnet Market by Region
        9.5.1    Market Share
            9.5.1.1    North America
            9.5.1.2    Europe
            9.5.1.3    Asia Pacific
            9.5.1.4    Latin America
            9.5.1.5    Middle East and Africa
10    Regional Analysis
    10.1    North America
        10.1.1    Historical Trend (2015-2019)
        10.1.2    Forecast Trend (2020-2025)
        10.1.3    Market by Country
            10.1.3.1    United States of America 
            10.1.3.2    Canada
    10.2    Europe
        10.2.1    Historical Trend (2015-2019)
        10.2.2    Forecast Trend (2020-2025)
        10.2.3    Market by Country
            10.2.3.1    United Kingdom
            10.2.3.2    Germany
            10.2.3.3    France
            10.2.3.4    Italy
            10.2.3.5    Others
    10.3    Asia Pacific
        10.3.1    Historical Trend (2015-2019)
        10.3.2    Forecast Trend (2020-2025)
        10.3.3    Market by Country
            10.3.3.1    China
            10.3.3.2    Japan
            10.3.3.3    India
            10.3.3.4    ASEAN
            10.3.3.5    Australia
            10.3.3.6    Others
    10.4    Latin America
        10.4.1    Historical Trend (2015-2019)
        10.4.2    Forecast Trend (2020-2025)
        10.4.3    Market by Country
            10.4.3.1    Brazil
            10.4.3.2    Argentina
            10.4.3.3    Mexico
            10.4.3.4    Others
    10.5    Middle East and Africa
        10.5.1    Historical Trend (2015-2019)
        10.5.2    Forecast Trend (2020-2025)
        10.5.3    Market by Country
            10.5.3.1    Saudi Arabia
            10.5.3.2    United Arab Emirates
            10.5.3.3    Nigeria
            10.5.3.4    South Africa
            10.5.3.5    Others
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyers Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    EMR’s Key Indicators for Demand
    11.4    EMR’s Key Indicators for Price
12    Value Chain Analysis
13    Price Analysis

    13.1    Price Structure
    13.2    Price Trends
14    Manufacturing Process
    14.1    Detailed Process Flow
    14.2    Operations Involved
    14.3    Mass Balance
15    Project Details, Requirements and Costs Involved
    15.1    Land Requirements and Expenditures
    15.2    Construction Requirements and Expenditures
    15.3    Plant Layout
    15.4    Plant Machinery
    15.5    Machinery Pictures
    15.6    Raw Material Requirements and Expenditures
    15.7    Raw Material and Final Product Pictures
    15.8    Packaging Requirements and Expenditures
    15.9    Transportation Requirements and Expenditures
    15.10    Utility Requirements and Expenditures
    15.11    Manpower Requirements and Expenditures
    15.12    Other Capital Investments
16    Loans and Financial Assistance
17    Project Economics

    17.1    Capital Cost of the Project
    17.2    Techno-Economic Parameters
    17.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    17.4    Taxation and Depreciation
    17.5    Income Projections
    17.6    Expenditure Projections
    17.7    Financial Analysis
    17.8    Profit Analysis
18    Competitive Landscape
    18.1    Market Structure
    18.2    Key Players
    18.3    Company Profiles
        18.3.1    Integrated Magnetics
            18.3.1.1    Company Overview
            18.3.1.2    Product Portfolio
            18.3.1.3    Demographic Reach and Achievements
            18.3.1.4    Certifications
        18.3.2    Arnold Magnetic Technologies
            18.3.2.1    Company Overview
            18.3.2.2    Product Portfolio
            18.3.2.3    Demographic Reach and Achievements
            18.3.2.4    Certifications
        18.3.3    Ningbo Relay Magnetics Co., Ltd
            18.3.3.1    Company Overview
            18.3.3.2    Product Portfolio
            18.3.3.3    Demographic Reach and Achievements
            18.3.3.4    Certifications
        18.3.4    Dura Magnetics, Inc.
            18.3.4.1    Company Overview
            18.3.4.2    Product Portfolio
            18.3.4.3    Demographic Reach and Achievements
            18.3.4.4    Certifications
        18.3.5    Others
19    Industry Events and Developments


List of Figures and Tables

1.    Global Rare Earth Magnet Market: Key Industry Highlights, 2015 and 2025
2.    Global Rare Earth Magnet Historical Market: Breakup by Magnet Type (USD Billion), 2015-2019
3.    Global Rare Earth Magnet Market Forecast: Breakup by Magnet Type (USD Billion), 2020-2025
4.    Global Neodymium-Iron-Boron Magnet Market: Key Industry Highlights, 2015 and 2025
5.    Global Neodymium-Iron-Boron Magnet Historical Market: Breakup by Application (USD Billion), 2015-2019
6.    Global Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Application (USD Billion), 2020-2025
7.    Global Neodymium-Iron-Boron Magnet Historical Market: Breakup by Region (USD Billion), 2015-2019
8.    Global Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Region (USD Billion), 2020-2025
9.    North America Neodymium-Iron-Boron Magnet Historical Market: Breakup by Country (USD Billion), 2015-2019
10.    North America Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Country (USD Billion), 2020-2025
11.    Europe Neodymium-Iron-Boron Magnet Historical Market: Breakup by Country (USD Billion), 2015-2019
12.    Europe Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Country (USD Billion), 2020-2025
13.    Asia Pacific Neodymium-Iron-Boron Magnet Historical Market: Breakup by Country (USD Billion), 2015-2019
14.    Asia Pacific Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Country (USD Billion), 2020-2025
15.    Latin America Neodymium-Iron-Boron Magnet Historical Market: Breakup by Country (USD Billion), 2015-2019
16.    Latin America Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Country (USD Billion), 2020-2025
17.    Middle East and Africa Neodymium-Iron-Boron Magnet Historical Market: Breakup by Country (USD Billion), 2015-2019
18.    Middle East and Africa Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Country (USD Billion), 2020-2025
19.    Global Neodymium-Iron-Boron Magnet Market Structure

Key Questions Answered in the Report

The global neodymium-iron-boron magnet market reached a value of USD 12.5 billion in 2019. 

The market is projected to grow at a CAGR of nearly 7.5% in the forecast period of 2020-2025.

The market is estimated to reach a value of about USD 19.3 billion by 2025.

The major drivers of the industry include rising disposable incomes, increasing industrialisation, increasing high-level magnetic strength, and the miniaturization of equipment.

The government initiatives aimed to stimulate the use of green technologies is expected to be a key trend guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.

The application sectors can be divided into automobile, electronics, power generators, medical industry, and wind power, among others.

The leading players in the market are Integrated Magnetics, Arnold Magnetic Technologies, Ningbo Relay Magnetics Co., Ltd, and Dura Magnetics, Inc., among others.

Analyst Review

The global neodymium-iron-boron magnet market attained a value of USD 12.5 billion in 2019, driven by the miniaturisation of equipment. Aided by the rising high-level magnetic strength, the industry is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 7.5%. The industry is projected to reach USD 19.3 billion by 2025. 

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its applications, the global neodymium-iron-boron magnet market can be segmented into automobile, electronics, power generators, medical industry, and wind power, among others. The major regional markets for neodymium-iron-boron magnet are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above industry include Integrated Magnetics, Arnold Magnetic Technologies, Ningbo Relay Magnetics Co., Ltd, and Dura Magnetics, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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