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
Others
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
Others
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
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 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
Shin-Etsu
TDK
VAC
Beijing Zhong Ke San Huan Hi-Tech
Yunsheng Company
YSM
JL MAG
ZHmag
Jingci Material Science
AT&M
NBJJ
Innuovo Magnetics
SGM
Galaxy Magnetic
Zhejiang Zhongyuan Magnetic Industry Limited
Earth- Panda
Magsuper
Daido Electronics
Tianhe Magnetics