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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 (2018-2028); 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 2020. The neodymium-iron-boron magnet industry is further expected to grow at a CAGR of 7.5% between 2021 and 2026 to reach a value of almost USD 19.3 billion by 2026.
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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.
Market Segmentation
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.
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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.
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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 market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region |
| Breakup by Application | Automobile, Electronics, Power Generators, Medical Industry, Wind Power, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Integrated Magnetics, Arnold Magnetic Technologies, Ningbo Relay Magnetics Co., Ltd, Dura Magnetics, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 (2018-2022)
8.3 Global Rare Earth Magnet Market Forecast (2023-2028)
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 (2018-2022)
9.3 Global Neodymium-Iron-Boron Magnet Market Forecast (2023-2028)
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 (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Electronics
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Power Generators
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.4.4 Medical Industry
9.4.4.1 Market Share
9.4.4.2 Historical Trend (2018-2022)
9.4.4.3 Forecast Trend (2023-2028)
9.4.5 Wind Power
9.4.5.1 Market Share
9.4.5.2 Historical Trend (2018-2022)
9.4.5.3 Forecast Trend (2023-2028)
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 (2018-2022)
10.1.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.2.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.3.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.4.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.5.2 Forecast Trend (2023-2028)
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 Key Indicators for Demand
11.4 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 Key Figures and Tables
1. Global Rare Earth Magnet Market: Key Industry Highlights, 2018 and 2028
2. Global Rare Earth Magnet Historical Market: Breakup by Magnet Type (USD Billion), 2018-2022
3. Global Rare Earth Magnet Market Forecast: Breakup by Magnet Type (USD Billion), 2023-2028
4. Global Neodymium-Iron-Boron Magnet Market: Key Industry Highlights, 2018 and 2028
5. Global Neodymium-Iron-Boron Magnet Historical Market: Breakup by Application (USD Billion), 2018-2022
6. Global Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Application (USD Billion), 2023-2028
7. Global Neodymium-Iron-Boron Magnet Historical Market: Breakup by Region (USD Billion), 2018-2022
8. Global Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Region (USD Billion), 2023-2028
9. North America Neodymium-Iron-Boron Magnet Historical Market: Breakup by Country (USD Billion), 2018-2022
10. North America Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Country (USD Billion), 2023-2028
11. Europe Neodymium-Iron-Boron Magnet Historical Market: Breakup by Country (USD Billion), 2018-2022
12. Europe Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Country (USD Billion), 2023-2028
13. Asia Pacific Neodymium-Iron-Boron Magnet Historical Market: Breakup by Country (USD Billion), 2018-2022
14. Asia Pacific Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Country (USD Billion), 2023-2028
15. Latin America Neodymium-Iron-Boron Magnet Historical Market: Breakup by Country (USD Billion), 2018-2022
16. Latin America Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Country (USD Billion), 2023-2028
17. Middle East and Africa Neodymium-Iron-Boron Magnet Historical Market: Breakup by Country (USD Billion), 2018-2022
18. Middle East and Africa Neodymium-Iron-Boron Magnet Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2020.
The market is projected to grow at a CAGR of nearly 7.5% in the forecast period of 2023-2028.
The market is estimated to reach a value of about USD 19.3 billion by 2026.
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 2020, 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 2023-2028, growing at a CAGR of 7.5%. The industry is projected to reach USD 19.3 billion by 2026.
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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